Name: Jake M.
What He’s Got: 2010 Silver Toyota Camry LE (It’s for the mom)
What It Cost: msrp $22850 with (delivery) payment $250 36/12k lease only $250 out of pocket all other fees rolled in, sell price was invoice $$$??? and a few hundred out of their hold back to make the payment what it is.
My Take:Love the super low payment. I know there isn’t a lot of info available, but 1st payment and $250 month is pretty good. For the sake of this post, I’m going to guestimate the payments here.
MSRP 22850, sale 22690 (around invoice), 57% residual, 15k miles, 36-months, 6.25% sales tax, money factor of 0.00078. With inceptions due at signing, we’re looking at around $254. You made out better than that since your inception was just the 1st month payment. I think my calculation’s margin of error might be around 1%-2% or $6-$12 per month. Regardless, good job Jake! I’m sure Mom is very proud!
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