2019 Toyota 4 Runner SR5 Lease Pull-ahead program

Ask the Hackrs
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1

I am currently leasing a 2016 Toyota 4 Runner SR5 4X4. (15,000 miles a year 36 months). My lease expires in 2 months ($841 left in payments). I have around 45,600 miles on the 4 Runner so I will have to pay $90 for extra mileage.

A dealer in NY offered me a Lease Pull ahead program which would involve taking over my last 2 lease payments in exchange for offering me a new 2019 4Runner SR5 4X4 lease as per the below terms.

MSRP $38,273
Net Cap Cost $36,270
Residual value $25,260
Money Factor .00120
36 months / 15,000 miles a year
Total monthly payment $440 / month (all fees and taxes included)
0 money down
Drive off . - first months payment of $440
Leasing through TFS

I have never done a lease pull ahead program before. Is there anything specific I should get in writing from the dealer before committing to this deal. My concern is that they neglect to make my final lease payments + excess mileage payment in time and I am on the hook if something happens to the vehicle during the last 2 months.

Would this be considered a good deal? My lease pay off is slightly lower than the trade in value according to KBB and Edmunds.

2

How do you like your 4Runner? Obviously enough to get another one. You can PM me if you like so we don’t hijack the thread.

3

Is that mf right? Seems very low for 4Runner. Other than that, I would push for a little more discount. Also try looking at a trd off road. A little higher msrp but higher residual. For me last month it was about 3% higher.