They artificially bump the Residual to make the lease attractive. It’s not something that hasn’t been done on countless other lease programs with all banks at one point or another. Outside of this one example…when the banks set the residual (when they don’t artificially inflate it), it’s nothing more than a guessing game on their part. Sometimes they’re right…other times they’re wrong. Nobody can truly tell what a car will be worth 2, 3 or 5 years down the road. They base it on trends and hope those trends will remain.
USBank will make it up on the back end when they hammer you on bumps and bruises when you ground it.
Ford apparently makes $10k per F150, I would expect Toyota to make a similar amount per truck, so there is some room to dig into profit there. Also, just learned in another thread about residual insurance. So that could offset some loss. Also, the base MF is ~4% compared to the .05% Ford is charging on a 24 mth lease (2.3% on a 36 month lease) and ~2.2% Nissan charges on a Titan.
My lease end buyout is ~$35K. A quick search on cars.com shows 2015-16 Tundras with under 40k miles centered around $35-39K list prices.
I’m 2/3 of a tank in and have moved it from 11mpg to 12.5mpg with many quick trips around the neighborhood at 20mph with the kids in the truck bed. My boss has a 2012 double cab with a 5.7 who gets 19mpg on his.
I’d like to see firm proof of someone’s turn in paperwork showing this alleged bump and bruise gauging. Seems like fear mongering to me. That being said, it’s a lease and you don’t own the car, so it should be cared for in that regard
Also with high resale value vehicles it shouldn’t be issue because they can trade out. Just did it this week. 8 payments left on us bank Tacoma lease. He had $700 in equity. Plus us bank discounted residual $250 if he went to another us bank lease
How many leases do usbank write a year? How many complaints do you see? Typically only disgruntled people write reviews. I’d still like to see some paperwork and pictures of damages charged
So you’re calling the site owner a disgruntled lessee? I’m not saying each and every car is going to be nailed, but usbank has a reputation. Believe what you want though…I’ll still sleep at night either way.
I offer a $1400 wear and tear package for $700. If you’re that worried then you should
Buy it and factor that in. Either pay $250/mo to lease a $39k Tacoma or $450/mo. 99% don’t choose the latter. $7200 difference in lease payments would pay for a lot of post lease damage…
Cody I can find out the company. I believe they charge 1395 and my dealer offers it for 700. I don’t think anyone I referred to them have bought it yet…I do tell everyone that usbank is picky and they should consider it. But people from this site are always looking at todays bottom line.
the ceramiccoating isnt tint, so it wasnt marked up and you didnt get hosed ha. The 899 is for Simoniz cermaic coating exterior. Stain sealant spray interior. Real value in the warranty for stains and the 2500 lease guard. lineex 399
