Hi Guys,
I would like to take lease a RAV4 Plug in and get that $6500 credit from Toyota, then a few weeks later contact Toyota Financial Services to buy the vehicle.
Does this work, and will they give me a fair price? Does this come out cheaper than buying the vehicle outright without that $6500 lease credit from Toyota?
Thanks
You can buy out your lease within a matter of weeks on a TFS lease. The buyout price will be close to your adjusted cap cost (plus disposition).
Section 32 in my TFS lease agreement spells out how the figure is calculated.
It’s really $6500 - Acqusition Fee - Disposition Fee.
So depending on the state but $6500 - 650 - 350 = $5500 + interest for how many days you had the lease.
Still a nice discount that otherwise you cannot get.
Also you need to see if the interest rate you will get between a used and a new will not break your bank (Assuming you are refinancing it)
Most banks and CU’s have a policy for NEW to be 6 mo and less than 7K miles or so, so OP should be fine and rates are in the 5% nowadays
OP-Fair price is what you negotiate with the dealer before signing the lease, the more discount upfront the less you pay a few weeks later 
As long as you wait until everything is processed with NJ MVC you will be fine!
Search the forum. Best strategies for this have been discussed many times.
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