Toyota

July 2008 Lease Rate for 08 Toyota Tundra

Published by G

My Take: Looks like Toyota is trying to push their Tundra trucks on leases. The 24mo and 36mo rates seem to be the winners here. I’ve never been a big fan of trucks. Is not that I don’t find them useful, they are very practical after all. The main issue is that when you become a truck owner, and everyone you know knows this, you become the designated “mover” or “truck lender” among your friends and family. Eh, no thanks. So lets take a look at the numbers shall we?

  • Limited 4dr CrewMax Cab SB (5.7L) with moonroof, running boards, tow mirrows and TRD offroad pkg.
  • MSRP $40,140
  • Invoice $36,367
  • Using rates in BOLD
  • Standard inception fees apply, taxes not included.

24 Month Payments: $585 at invoice, $744 at MSRP
36 Month Payments: $479 at invoice, $586 at MSRP

Wow, never knew trucks could cost so much. In any case, the 36-month lease seems to look significantly better than the 24-month lease. You can probably opt for a “cheaper” model and the payments should drop further.

2008 Toyota Tundra CrewMax 5.7L 2WD
24 Month – Residual 58% of MSRP – .00066 Base Rate
36 Month – Residual 51% of MSRP – .00066 Base Rate
48 Month – Residual 40% of MSRP – .00255 Base Rate

* Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
** Rates provided by Tarry Shebesta from Leasecompare.com

July 2008 Lease Rate for 08 Toyota RAV4

Published by G

My Take: Looks like the RAV4 is looking like a good lease this month. Specially the 4WD V6 model. Here’s a estimation of payments using a fully loaded Limited 4WD V6 model.

  • MSRP: $33829 ($32829 with $1000 customer rebate)
  • Invoice: $30123 ($29123 with $1000 customer rebate)
  • Term: 36mo/12k

Monthly Payments Range: $245 (plus tax) at invoice + rebate, $352 (plus tax) at MSRP + rebate. (Plus inception fees).

Not too bad. Good $100 range depending on your negotiation skills.

2008 Toyota RAV4 4WD Limited V6
24 Month – Residual 68% of MSRP – .00093 Base Rate
36 Month – Residual 61% of MSRP – .00093 Base Rate
48 Month – Residual 53% of MSRP – .00255 Base Rate
60 Month – Residual 45% of MSRP – .00255 Base Rate

2008 Toyota RAV4 4WD Sport V6
24 Month – Residual 68% of MSRP – .00093 Base Rate
36 Month – Residual 61% of MSRP – .00093 Base Rate
48 Month – Residual 53% of MSRP – .00255 Base Rate
60 Month – Residual 45% of MSRP – .00255 Base Rate

2008 Toyota RAV4 4WD V6
24 Month – Residual 70% of MSRP – .00093 Base Rate
36 Month – Residual 63% of MSRP – .00093 Base Rate
48 Month – Residual 55% of MSRP – .00255 Base Rate
60 Month – Residual 47% of MSRP – .00255 Base Rate

* Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms

** Rates provided by Tarry Shebesta from Leasecompare.com

July 2008 Lease Rate for 09 Toyota Camry

Published by G

2009 Toyota Camry 4dr Sedan LE
24 Month – Residual 67% of MSRP – .00136 Base Rate
36 Month – Residual 60% of MSRP – .00136 Base Rate

* Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
** Rates provided by Tarry Shebesta from Leasecompare.com

My Take: The sweet-spot for this lease is the 36-month lease. Monthly payments should range from $251+tax at invoice to $354+tax if leased at MSRP, plus inception (1st month + fees). As you can see, there is a good $100 range between invoice pricing and MSRP pricing. So the more you can knock-off, the better.

Edmunds Forecasts April Auto Sales

Published by G

Gotta love Edmunds. They are my primary source for invoice pricing whenever I shop around. It is very educational, if you want to spend all day reading all the information they provide, its well worth the time. Anyway, here’s a story that popped up yesterday on Businesswire regarding April Auto Sales forecast.

If you read the article and pull up the numbers up, you’ll notice that only Toyota, Honda and Nissan experienced growth in the month of April, compared to the same month last year. Now I don’t read too much into Nissan’s double digit growth since the bar was set rather low due to poor sales last April. I’m actually more surprised with Honda and Toyota’s achievements, even modest gains at their level is a great accomplishment.

In any case, this only mean a couple of things; American automakers keep on losing ground to the Japanese, and they still don’t get it. With crummy lease incentives and rates, I’m sure most people who want lease, still opt for imports.