2023 Toyota RAV4 XLE Premium AWD // $677.72/month & $1000 cash bonus

Private Transfers
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1

Please include monthly payment or selling price in the TITLE.

Year, Make, Model, and Trim: 2023 Toyota RAV4 XLE Premium AWD
Location: San Francisco Bay Area (Fremont, CA)

MSRP: $40,281.58
Monthly payment (pre-tax): $677.72 ($747.19 post-tax)
Effective monthly payment (if incentive is provided):
Lease End Purchase Option: $22,187

Current mileage: 4,505
Maturity mileage: 36,000
Effective miles per month: ~1200 miles/month
Maturity date: 09/20/2026

MSD due (if any):
Cash due (if any):
Incentive for new lessee (if any): $1,000

Financial institution: Toyota Financial Services
Transfer fee: $200 (will pay)
Out-of-state transfer allowed (yes/no): yes

Vehicle condition (accidents, tire wear, etc.), options, and other details: Excellent overall condition, I’ve barely driven the car. Moving to city where I don’t need a car anymore. Color is Lunar Rock. Has the following 3 packages:

  1. Technology Package: front & rear parking assist w/ automatic braking, and wireless smartphone charging
  2. Weather Package: heated leather trimmed steering wheel, heated front seats, 8-way power driver’s seat w/ memory function, & rain sensing variable intermittent windshield wipers w/ de-icer function
  3. Sound Package: JBL - 10.5-in touchscreen, 11 JBL Speakers including subwoofer & amplifier & anti-theft system w/ alarm
2

Have you gotten any quotes for selling it?

3

I have. I would have to take a $5k loss. I’m thinking of selling it privately by listing on Craigslist and Facebook Marketplace. Give the buyer the option to lease, buy it outright, or finance it for $35,000.

Any other tips?

4

I guarantee you that a $750/mo rav 4 lease isnt going to transfer here.

6 Likes
5

I hate to say it but you’re headed that route anyway. Even a $5k incentive would only get your payment down from 747 post tax to $562 and that’s still not an easy sell.

Probably better selling it, pay the delta if you want out.

6

Ahh that makes sense. Appreciate it!

1 Like
7

Makes sense. It is not the best “hackr” price. :slight_smile:

8

Why didnt you just buy it and finance for 60months? Looks like purchase monthly payment?

Anyway good luck with transfer!

9

Being self-employed, we’d get a tax write off which we would not get otherwise with financing. Also we needed a car in desperation at that time. In hindsight, not the wisest decision.

10

If you believe that, you need a new accountant.

You absolutely can write off a purchased vehicle with a business.

4 Likes
11

Second that. 5-year straight line depreciation.

12

Ahhhhh … good to know! Time for a new accountant after all.

13

Or even just a per-mile write off if you want to take the (other) lazy route.

Leases are great write offs for lazy accountants, since they don’t have to keep track of any values, etc. Not that it takes much effort to do that either.

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14

Ironic that I didn’t think to mention that since that’s what I do with my LLC :laughing:

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15

You guys need to learn accounting big time, theres so many loopholes. Poor dad, rich dad since that havent paid taxes almost 3 yrs besides what comes out if my paycheck.