Has anyone had any luck leasing a half ton truck besides Ram? Even before covid? I’ve only ever leased Rams and was just interested in trying something new. Looked at Tundras alittle. Was more interested in a Ford or Chevy possibly. Thanks everyone
Tundra is at 70% and 0.00185 on 36/10k for most regions (Only SR5). Ford never leased well historically and the problem with Ford is you have to get the payoff from the originating dealer if you were to trade the vehicle for some vehicle else. Chevy is okay. At least, better than Ford
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Ford & Chevy / GMC rarely have the combination of high rv, low mf, decent dealer discount and / or incentives or rebates to make it more compelling than a Tundra or Ram.
If it was I’d imagine a good number of LH’ers would be cruising around in one.
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Appreciate it guys. I sat out the last 3 years for obvious reasons and just wondered if things were the same as I remembered. The rams are out of whack right now with super low residuals,super low money factors, and hardly any incentives. That will obviously change really fast with the giant inventory that’s on hand. I looked at the tundra and really didn’t like the truck but I’ll go try a different trim. No problem going with another ram just wanted to cover all my bases
Rams and Tundras (and the occasional Titan) are usually the cheapest leases but once in a while some Chevy Silverados have specials (especially the Custom trim).
I’ve seen a few LTs that were reasonable with Bonus cash, Conquest etc.
I’ve rarely seen a good lease on a Ford F-150… people must finance/buy those.
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Silverado 2FL under $450 drive and sign with a 10% discount.
Nice work!
I’m not sure where has a 0% tax rate but I get it. It’s not impossible. In fairness OP didn’t state if he’s in the “I need / want a V8 camp” or if he’s in the “I want a 1/2 ton but a turbo 4” will do just fine camp.
I’d love to see some good Ranger / Colorado / Canyon deals, I just have yet to see anything within my personal value scale on that front.
With 0% tax it’s closer to $420…
As for the V8, the regular LT is within $100 more per month so still within the budget of Ram and Tundra.
The MF on the Colorado is horrendous.
where? can you show the numbers and discounts?
You also need to factor in potential equity. If the market doesn’t collapse in the next few years the tundra will have more positive equity then the ram. Making the effective payment much closer or potentially even better. With msds most tundras are around 1% of the payment, not a metric I use, but just how it seems to wind up right now.
You can get 11% discount from @AutoCompanion.
Rebates are
$1k Costco
$1.5k Lease loyalty/conquest
$500 red tag
$750 Lease cash (helped a friend in Florida get one and they said lease cash is $1,750 down here).
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Not necessarily true due to the difference in how the lease is structured.
Tundra has a higher MF with a higher residual (70’s) vs Ram’s lower MF and lower residual (50’s).
Likely no positive equity for the tundra with a 70%+ residual.
I’ve pulled equity out of several 2022s in the last month. If you sell on your own, which Toyota bank allows, you can make even more…
Were those leases structured with residuals in the 70’s?
My point is, when assuming that a car will have equity beacuse it’s a Toyota etc. You have to take into consideration what residual is used for the lease.
And as an example, a 4WD SR5 Crewmax with this month’s residual is not likely to have equity even if the used market stays as inflated as now
I said potential for a reason. Not guaranteed equity. And yes they were in the 70 range in 2022 also. Higher trims are lower and have had equity also.
And I disagree. A 60k 2024 sr5 will likely be worth more than 42k in 3 years. Especially if you sell privately. Residual is 70% currently.
50k msrp 2021s are still selling for more then 42k now.
All good, I was just pointing out the high residual which toyota sets for the Tundra which affects the equity.
You did also mention if the market stays the same the Tundra “will have”.
Granted, the 2021 is not a good data point as it’s the old body. But even a 2 year old 2022 new body is at 41k now
This mmr is based on prob a 54k msrp. Not one with leather and the larger screen. I do this all day everyday. If you sell private you will get a good amount of equity right now on a 22. 1/2k if you trade in. Used values have been dropping so I can’t predict the future. I just never see rams with equity, tundras often have it
Thanks Josh i will contact auto companion. Not a fan at all of the new tundra in any trim. I wish I was. Nice to know Chevy is an option
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