This is from a dealership in Southern California. This is the first offer. Is it a good deal?
The MSRP is $35,000 excluding taxes and fees. Can I do better? I am trying to find the money factor number? What is the money factor with a credit score of 750+.
Thanks,
Lee
Lee, Welcome
That said it is probably a bad deal.
Have you read how leases work and do you know how to use the calculator?
try here for starters READ ME FIRST: Getting Started With Leasehackr Forum
I iwll give you a freebie, an LA residual is 63% and money factor is .0023
You can sign up as a Super supporter and get all that data real time.
Now you can plug all the other data you need in there
Like dealer discount (haha)
sales tax rate, trade in value, dealer add ons etc
and see if the quote you got is good.
Unless you really like switching vehicles every 3 yrs to all the latest tech
More than likely it would be better to purchase assuming you will like the car and plan to keep it longer than 3 yrs.
I’m getting an XC90 T8 Plus for much less than this later this month. And that’s double the price of this
Leasing a Prius for $600+ is crazy…
I have well equipped Honda hybrids for around $400 range with no money down and taxes, Socal/Norcal Honda Deals (November) 🍂 - #543 by Jeff_BeachCitiesAuto
I agee. If $600 is what you want to spend on a lease/loan payment for a car, get XC90 T8, less payment monthly and more car, you may need to pay more for gas and insurance. But T8 is plug in, so you may have a saving on gas too depends on your daily commute and charging
MF is irrelevant because this is not a car you lease for 36m, then return and lease another car. If that’s what you want to do, look at something else.
The ONLY reason to lease this is if there are lease rebates that don’t exist for a direct purchase. So you lease it and then buy it as soon as the title is issued. Like within a month or two, max.
Thank you for all the responses. I am only interested in the Toyota XLE 20204. Who in the Southern California got a great deal with these parameters: 36M/10K, No money down, including taxes and fees. Thanks a lot.
Does this sound better?
$0 drive off would be roughly $540 pm with 9.5% tax and only $599 broker fee at signing. Right around $100 cheaper p/m.
With just Driveoff of $2k & $599 broker fee you’re at $482 taxes and fees included.
Thanks a lot. The parameters are the same: 36 months/10K, No money down, including taxes and fees. I think I can do better than $639.00.
With a 3mo longer lease, $0 down and $0 drive off and just a $599 broker fee I’m $100 less. Thats a lot better?
You’re much better off financing. Don’t lease this one