Year, Make, Model, and Trim: 2020 Toyota Corolla SE
Location: Danville, CA 94506
MSRP:
Monthly payment (incl-tax): $201.33
Monthly payment (before-tax): $187.3
Includes $5k excess wear and tear insurance.
Current mileage: 900
Maturity mileage: 32500
Effective miles per month: 900
Maturity date: 4/1/23
Financial institution: Toyota Financial
Vehicle condition (accidents, tire wear, etc.), options, and other details: Excellent, no issues/scratches/etc.
Contact:
Email: parmarmihir@gmail.com
Cell: 9087459085
Was this a 39-mo lease with 10k/yr?
Just a quick question, why would you buy a $5k wear and tear insurance on a $20k car…
I’m always amazed when people buy expensive policies like this on Toyotas.
You should detail your post further, definitely add the MSRP.
Also did you put the $5k for the wear & tear insurance down? Or is that rolled into the lease?
Certainly many buyers on this site would not be wanting to pay towards the insurance.
Many policies have a cancellation/refund clause, see if this has it. If so I’d suggest you cancel and get your money back.
I can’t even imagine what $5k worth of damage to a corolla looks like.
I think he meant 5K of wear and tear damage is covered, not that the insurance itself actually costs that much.
1 Like
Either way he paid for that 5k “wear and tear insurance” it’s in the payments one way or the other that isn’t free.
Given that the payment is $187.30, I’m guessing he paid the wear and tear upfront. So if you’re interested in taking it over, just consider that a bonus.
For the OP, do look into whether it’s prorated refundable or whatnot, but regardless, the payment is solid especially without MSDs.
1 Like
