Hi! I am looking into leasing a certified used Toyota and cant seem to locate any forums on this. How would I figure out the rates/residual/depreciation of a used lease? I am looking at a vehicle with the suggested price of 2019 Toyota 4Runner Limited $44,399 it has 43,684 mi…can anyone help me figure out thre formula for this type? I know I can find a few additional ones that are same mileage and around 38-40k so I know there is wiggle room on that part.
If I’m not mistaken the msrp was 44k new
They want that with 40k miles
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Yep, insane right?!! I was looking at some with the same if not less mileage and they were around 38-40k. I just couldn ot locate one that I liked with the color/options I was looking for. I have found a few others that are pretty far (TX) with better pricing.
4runner trd pro owner enters the chat, I might have one for sale
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Why not buy a sr5 premium ? Or are you set on the limited?
Buy might be a better option 4Runners hold value well
I’m not set on any right now, I currently only have a 2011 SR5 so anything is an upgrade! I am having a hard time locating anything decent around here under 45k USED. I wanted to buy originally but I cant afford the payments on much other than what I currently have. I cant even lease new, I am stuck leasing used, if thats even do-able. I dont want to buy here (NY) because everything used is full of rust underneath. Thats why I was looking into leasing for now. I bought mine a few years ago with 65k miles for 20k. I know dealerships are outrageous right now.
@Jrouleau426 sells for msrp and he has a few dealerships on the east coast send him a message
Compare what new cost lease/purchase
I’d buy it personally
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Keep what you got until after New Years when market should cool off a bit
A lease on a 3 year old used vehicle being sold at msrp, assuming you could even find a dealer offering such a thing, is likely to be way more expensive than a lease on a new one.
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The used market is insane so buying used is not something I’d recommend rn.
What you’re looking for (used vehicle leases that make any sense) does not really exist.
Your best course of action is to keep your current one until you have enough down payment to be comfortable financing a brand new one.
Buy a new 22 trd pro. Youll sell it for same as msrp within year definitely. Gen 6 will keep prices high.
I wish I could! That would be more than my mortgage payment and thats with putting 5k down lol
Not really look into balloon finance. Trade in your old 4runner as down payment. My payment with balloon is under 600.