How reliable is Edmunds lease calculator?

Ask the Hackrs
,
1

Hello newbie here,

I was searching Edmunds and found a deal that made me jump on the phone with the dealer!.

24 Toyota BZ4X XLE AWD:
20k TFS lease cash (dealer verified).

Then the residual on a 24/10 is 62% ( 39 and 37 for 12k and 15k)
This would make the vehicle with only 20k discount be mathematically free!

The dealership when asked wouldn’t give me any pricing for a 24 month lease for a 2024 or 2025.

So my questions:

  1. Is the Edmunds lease calculator accurate?
  2. Does Toyota really not do a 24 month lease?
2

You’re paying rent charge plus tax even when depreciation is zero or a nominal amount.

Post a link to your LH calculator.

3

The RV doesn’t look right - I am seeing 39% for a 2024 for 24/10. Validate the numbers in Edmunds forums or signup for LH’s RateFinder.

4

FYI - I just tried Edmund’s calculator something is really off with the numbers. 24/12k shows 39% RV but 24/10k shows 62%. Typically its only a 1% bump to go from 12k to 10k.

5

Honestly not sure how to do the taxes or incentives taxes vs nontaxed but this is what I am seeing. ( without negotiation on price and $500 hospital worker discount)

6

99% guaranteed that 24/10 RV isn’t valid.

Even if the dealer doesn’t catch it, the bank will kick it back.