Hello! It’s been since 2016 since I last leased and jumping back into the mix here. My last lease was a Lexus ct200h.
I’m now looking at the 2024 RAV4 Prime XSE and I’m based in SoCal. I’m headed to some dealerships this weekend and just wanted to get an idea realistically based on my Rate Findr calculations.
Used the MF, Residual and Incentives provided by Rate Findr. Used an MSRP based off the average I’ve seen on dealer sites and hoping for at least a 4% reduction from that.
I would like to pay the basic costs upfront (taxes, fees, etc) but other than that I would prefer $0 down and a monthly payment of $550 or less. Is this realistic for this car?
My bad wasn’t trying to make it confusing. Just picked an avg because dealers had MSRPs on their websites ranging from $50K to $52K based on options/packages already installed.
In addition to that dealership salesperson (who gets very good reviews here), there are also 2 brokers who work w/ Toyota in CA (check the Marketplace).
If you can afford to finance it (immediate buy out), that might be an option to consider, too. I think the RAV4 Prime has pretty high real-world resale value.
If that’s possible, why would you take it though? That’s $40,000 spent over two such leases and a fraction of the equity you’d accumulate if you leased to capture the incentives and immediately bought it out.