Is it such a terrible deal? I didnt consider financing because the monthly was way beyond my budget even for 72 months.
Also, I went across several dealers and this was the best numbers I saw, with others in $710 range after ~$4500 down (and for XLE model at ~$38K MSRP was around $600 per month with ~$4500 down). So, I thought this was decent number .
What would have been a good per month number with $4.5k down?
And, why do you suggest buy back? Wouldn’t I have to pay the entire lease term (~$22K + Residual of ~28K + tax ~$1.8K which would come to a total of ~$52K) for a car with ~$44K MSRP?
Toyotas are seldom good lease deals. They hold their value pretty well, though if you finance one.
I don’t understand why you are comparing the finance monthly payment to a lease monthly payment. At the end of your lease, you will be returning the car and have nothing to show for it.
I would strongly suggest doing some researching to understand how a lease works.
Unfortunately this is not a good deal. You could have easily leased a luxury SUV for this price. You put $4,500 down. I would recommend any of the brokers on here if you are not familiar with leases.