Tacoma Leasing Now?

They will lease any car, doesnt matter what it is.

 

I get that. Personally, I didn't mind doing the lease cause I'm planning on driving this truck till it dies. I've already worked through 2 other toyota trucks ('86 lrt and '07 tundra) with much satisfaction. Both are still in the family, just wanted a new truck so I can say I did it at least once

 

Small things with the new Tacoma also prevent me from pulling the trigger. Like no friggin power seat on a $36k+ truck... when the new $20k Carolla sitting next to it has a 8 way power seat. Come on Toyota. Really?

 

@Smitty... each Tacoma fits a particular need or want or comfort... the Sport is exactly what it says Sport like... personally I liked the Sport much better from looks, etc... and also the ride.... OR made me feel I was on a bus... to each their own is what I say... I will agree that I liked the tires/wheels that are stock on the OR.

 

I guess what I'm asking opinions on is this...

Does it seem Toyota is pushing leases for the Tacoma? Have they always done this or is it because sales have slowed for 2017?

I just can't remember Tacomas being leased in the past....Not saying they haven't leased them, just I haven't noticed them running commercials drumming up support for a lease on their best selling truck.

 

I leased my 13 dcsb, low mileage lease, the great part is I only drive the truck about 6,000 miles a year, so for some (me) it worked out great. Also, Toyota is doing a re-lease, that's rite, you heard me, a re-lease. You can re-lease your vehicle at the end of your previous lease.

 

Very nice !

 

Exactly right!!


Additionally, there are certain cars, that are LEASE ONLY, and not available for initial purchase

 

Leasing mines isn't a good idea.

 

Also not true.

when you turn in a lease it doesn't go to the dealership it goes back to TOYOTA, who then sends them to auction and dealers buy them from there. A dealer can go to auction at anytime and get off lease vehicles.

The only way for a dealership to get your off lease vehicle is if you literally do NOT turn it in, you would instead sell it to the dealership assuming you have positive equity.

Dealerships themselves prefer you purchase, average profit on a financed deal is 3x as much as on a lease. Backend products sell at 4X the rate on financed deals than leases. No one buys sealants, alarms, extended warranty, and extended maintenance on a lease. On lease deals the only backend products sold are GAP insurance and wear and tear protection, both fairly low profit low penetration products.

Its the manufacturers that prefer you lease as they're is higher retention on leases so you're more likely to buy the same brand again.

But Toyota doesn't push leases on Tacoma's because it doesn't need to, generally lease incentives are introduced to move units that aren't selling in the quantities to MFG desires. Tacomas have no problems hitting their sales goals so Toyota does NOT incentivize leases on them. You'll see lease incentives on Camry's, Prius, and Corollas because they operate in a much more competitive market segment and Toyota wants to be #1 so it whores them out by the thousands to reach sales goals 0%, rebates, incentivized leases etc...

Edit: also in regards to buying out your lease and then private party selling, this probably depends on the state you live in but in California and a few other states I can think of this is a bad idea, when you buy out your lease you have to pay taxes on the payoff, instead just have the private party you intend on selling it to buy it out for you, then THEY pay the taxes. If your lease buyout is $27k and you're selling it for $29k you're actually losing money in CA doing it how you said. (buyout $27k + $2,362 in taxes = $29,362... you lose $362 if you sell it for $29k and your buyout is $27k if you buy it out first.). This is probably different in your state though...

 

Leasing mein...

 

They always push a lease . 2-3yr ...good for future sales ! As in you will get new every 2-3yr or sooner !

 

In Canuck land they've had leasing for Tacomas for a very long time.

Gives the "buyer" an exit strategy if they need/want it, and it bonuses for the dealership as in Canada the dealership that the vehicle was returned to has first right of refusal. Meaning they can re-sell it without sending it back.

 

Leasing mine, the numbers made sense for my situation and I've been thrilled with it so far.

 

Rising prices and no wage growth "Stagflation" have increased the demand for leasing. You're not buying a vehicle you're buying a "payment".

Dealers had to increase loan terms to 7 years and increase leases to move units after they were bailed out by taxpayers in 2008. Stagflation is slowly wiping out the middle class and lowering living standards for the masses while Central Banks continue printing to prop up Wall Street Banks.

A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016, according to J.D. Power. The fallout has already begun, with Ford Motor Co. shaving $300 millionfrom its financial-services arm’s profit forecast for this year.

“Ford is the canary in the coal mine,” said Maryann Keller, a former Wall Street analyst who’s now an auto industry consultant in Stamford, Connecticut.

Leasing has helped consumers afford new vehicles becoming more expensive than ever. Prices have climbed 13 percent to $34,067 over the past five years, according to Edmunds.com, a rise partially driven by booming popularity of pricier trucks and sport utility vehicles.

 

Same. Wish it could have been cheaper but factoring in my area, tax rates, popularity and various other calculations, I'm happy with my number to satisfactory ratio.

 

Man the fact that in canada the dealer that takes in the lease gets first of right refusal, that's amazing

I would offer all kinds of shin dig to Tacoma owners in order to take the lease return

And just sell CPO Tacomas all day long

Gold mine

 

I had a '14 Tacoma TRD Sport on a 3 yr lease. I kept it in perfect shape and well within the 12K miles per year allowance. It was perfect. The resid value was $9K less than mkt value. Dealership was going to "write me a check for the difference" when I turned it in. Of course, they didn't. But I did get almost $9K credit down (I think) towards my '17 PRO.

Dealers aren't charities. I expect them to make money. I love my new Tacoma PRO. The payment is low. In 2 more years I'll trade it in again.

A lot of companies offer lease financing. Toyota Financial Services offered very competitive terms. The key to leasing is to get a fixed or "closed ended" lease, with a low "money factor" (like an interest rate on a loan). Also, leasing is best if you don't customize the vehicle...which is why I went with PRO. If your credit is good and you can keep it in great condition and within the mileage allowance, it is hard to beat a lease, imo.

 

If you compare your 14 lease vs your 17 lease (since you did $9k downpayment), how are the terms? Are the money factors similar? How are the payments?

 

Off-lease used cars are flooding market, pushing prices down.

In 2014, Infiniti leased more than 28,000 Q50 luxury sedans for as little as $329 per month in a growing U.S. market. The leases accounted for more than three-quarters of Q50 sales.

Now they're coming back to haunt the automaker.

Like many companies that juiced sales with sweet leases during the past few years, Nissan's luxury brand now faces a hefty supply of nice, low-mileage used cars at a time when most people want SUVs.

For the U.S. auto industry, about 3.5 million vehicles will come off lease this year, after 3 million returned last year, according to Automotive Lease Guide. These are huge numbers when you consider that leasing all but came to a halt during the Great Recession about a decade ago.

Toyota started to reduce leasing in 2015. General Motors cut sales to rental car companies last year to control the used car supply, Chief Financial Officer Chuck Stevens says. Now GM is reallocating incentive spending away from leases toward conventional financing, as new-car sales are expected to back off slightly from last year's record 17.5 million.