LH please rate my lease quote:
2018 Toyota Tundra SR5
$ 45,462 MSRP
$4,245 dealer discount
$2,000 Manufacturer Rebate
$39,217 net price
Lease w/ Ally: 24 month w/ 12k miles
$549.13 per month w/ 1,000 drive off
Note; This includes with $2000 rebate
LH Calculator says 7.4yrs.
Lease With Toyota captive (TFS): 24 month w/ 12k miles
$623.70 per month w/ 1000 drive off
This one with no rebate due to incentivized lease rate @ 0.00150 MF.
Should I get, ask for more off when the 2019 starts arriving or not ??
Wait is that money factor correct? 11.54% APR?
Yes, its Ally doing the lease instead of TFS the captive bank.
By going thru and outside bank, the $2K rebate can be applied.
You’re joking, right?
I wouldn’t pay 11.5% interest on anything, regardless of what it was.
And are you sure about the RV? 81%?!
Toyota’s website offers $319 a month with $3499 DAS - that’s superior to either of these offers, assuming the numbers are actually legitimate.
Unless you have sub-prime credit or are leaving out some other variable, you should run (not walk) away from this deal.
Find another toyota dealer that would lease thru US Bank and ask for a quote there. Oh and make sure you raise both your middle fingers while running away from this deal. Complete highway robbery unless you have crappy credit.
It is so tough here in Southern California with the tons of dealers that we have - almost all of them say they do not lease outside the captive bank: TFS.
I might as well wait for the end the year sales in order to score a Tundra…
Luckily I have the luxury of time on my side as I am not desperate for a truck…
Yea like @Samvt said, the killer deals seem to be by leasing through US Bank, not Ally so broaden your search if needed to find a dealer who works with them.
The ALLY bank numbers are accurate, which just shows how much money factor impacts a lease - you’re literally borrowing $100/mo ($2400 difference between net cap and the residual).
Something doesn’t add up on the TFS offer. The residual should be 65% or so on a 36 month lease at .00150. With $1k at signing, that’s in the $450 range. It wouldn’t be fantastic, but it would certainly be acceptable.
Yes, the Ally rate is a huge MF rate which makes the higher residual a moot point…
I will look for US Bank dealers.
As for the TFS, they quoted a 24 month 12K lease to compares “apples to apples” with the Ally lease quote…
Or ask if one pay is possible with ally with those numbers?