Alright yall! Attempting my first lease deal this weekend. I did obtain the MF and RV from edmunds. For the 2021 Tacoma SR the MF is .00208 and the RV is 83% and for the SR5 same MF but 79% RV. Terms will be 36/39 and 10K miles
The MF seems high @4.99 especially when I am Tier 1. So is that MF negotiable or is that set in stone?
Also how do i approach the negotiation? I know I need to work on getting the sales price down but not all incentives apply to lease. I do know there is a $1000 incentive for lease deals so do I just say lets talk about the sale price with no discounts? Can you do better etc etc knowing that I will get an extra $1K off?
If you got those figures from edmunds, that is the base MF. Dealers can mark up from the base MF, but can’t go lower. So, in short, yes, that’s the lowest it’s going to get.
High MFs are not uncommon when vehicles have such high residual values. This is the bank’s way of taking advantage of the situation to make more money on financing.
Everyone has their own opinion and strategy, but I would never ever go negotiate pricing in person at a dealership. You won’t win, but they’ll sure make you feel like you do.
This is what I’d shoot for, that dealer fee hurts quite a bit. So this is 10% off and no dealer fee. Max MSD’s save $47/mo, that’s a no brainier. Save $1800 over the term.
As far as I can tell, there is no advertised Tacoma deal in whatever region Los Angeles is in.
Las Vegas/Nevada is a different region (from Los Angeles) and has a decent ad for a 39mo lease.
Texas and the northeast have the insane 24mo deals.
I was willing to fly to El Paso and lease a Tacoma and drive back to LA, but only 2 Toyota dealers there- one won’t lease to out of state resident, the other will but their communication is awful and they haven’t even quoted me yet.
Ally looks good this month too, probably under $200. The biggest problem with Cali is they don’t have the SR 4x4 double cab, so you end up with a higher MSRP and lower residual on the higher trim levels