The Wall: Jake M’s Mom’s 2010 Toyota Camry LE

Published 2009/08/052010/01/20 by G

Name: Jake M.
Location: Massachusetts
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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Camry LE exterior

Camry LE interior

09 Toyota Camry Lease Rates for January 2009

Published 2009/01/212012/01/10 by G

My Take: If you are shopping around for a family sedan, the Toyota Camry looks like a solid lease this month. There is a about $1500 worth in cash rebates available, so be sure to factor that into your negotiations. That should drop the Camry well below invoice since TMV suggests only a few hundred over invoice as the sale price.

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			At Invoice		At MSRP
Make/Model	Invoice	MSRP	24-month	36-month	24-month	36-month
09 Toyota Camry SE	$21,253	$23,535	$309	$264	$407	$330

NOTE: Estimates assuming the following conditions:

Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
Local Taxes not included.
24-month/15k and 36-month/15k terms.
All cars are stock, without any options.

2009 Toyota Camry January Lease Rates

Don’t like what you see? Visit Leasecompare.com and see what 3rd party banks offer!

October 2008 Lease Rate for 09 Lexus RX350 and Toyota Camry

Published 2008/10/222012/01/10 by G

My Take: Sorry folks, I haven’t had the time to make up payment estimates (life of getting in the way), so I will be posting the rest of the lease rates I have. I can say that the rates look pretty good here for the RX350 and the Camry. Residuals are fairly high and money factors are pretty low. This makes for a nice leasing combination. Stay tuned for more lease rates I’ve found. Will be posting them shortly.

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QUICK LINKS:

LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2009 Lexus RX350 2WD
24 Month – Residual 61% of MSRP – .00135 Base Rate
36 Month – Residual 54% of MSRP – .00135 Base Rate
48 Month – Residual 43% of MSRP – .00135 Base Rate
60 Month – Residual 35% of MSRP – .00255 Base Rate

2009 Lexus RX350 2WD w/RSE
24 Month – Residual 59% of MSRP – .00135 Base Rate
36 Month – Residual 52% of MSRP – .00135 Base Rate
48 Month – Residual 41% of MSRP – .00135 Base Rate
60 Month – Residual 33% of MSRP – .00255 Base Rate

2009 Lexus RX350 AWD
24 Month – Residual 61% of MSRP – .00135 Base Rate
36 Month – Residual 54% of MSRP – .00135 Base Rate
48 Month – Residual 44% of MSRP – .00135 Base Rate
60 Month – Residual 36% of MSRP – .00255 Base Rate

2009 Lexus RX350 w/ RSE AWD
24 Month – Residual 59% of MSRP – .00135 Base Rate
36 Month – Residual 52% of MSRP – .00135 Base Rate
48 Month – Residual 42% of MSRP – .00135 Base Rate
60 Month – Residual 34% of MSRP – .00255 Base Rate

2009 Toyota Camry 4dr Sedan SE
24 Month – Residual 66% of MSRP – .00150 Base Rate
36 Month – Residual 59% of MSRP – .00150 Base Rate
48 Month – Residual 49% of MSRP – .00265 Base Rate
60 Month – Residual 41% of MSRP – .00265 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

0% financing on 11 Toyota models

Published 2008/10/042009/08/21 by G

PRESS RELEASE:

Toyota Announces Zero-Percent Offer

TORRANCE, Calif., Oct. 2, 2008 – Toyota Motor Sales (TMS), U.S.A., Inc., today announced a zero-percent interest rate offer on eleven Toyota models for qualified buyers. Expiring November 3, 2008, the loan offer varies by model, with terms ranging from 36 to 60 months.

Taking aim at the credit squeeze which has sidelined many of today’s new-car buyers, the attractive offer is unprecedented for Toyota.

“Not only do we have the inventory of today’s sought after fuel-efficient models, but we have the capacity through Toyota Financial Services to finance or lease them,” said Toyota Division General Manager Bob Carter.

The Toyota models qualifying for this offer are: Matrix, Corolla, Camry, RAV4, Highlander, FJ Cruiser, 4Runner, Sequoia, Sienna, Tacoma and Tundra.

Battle of the Sedans: Camry, Accord or Altima

Published 2008/08/202009/02/25 by G

Instead of recommending which car is built better, I’ve decided to take a different approach and tell you which car leases better. For this particular “special competition”, I’ll be comparing the Accord, Camry & Altima. You probably don’t need my thoughts about which car is the better car, after all, there are tons of websites doing that already. I just want to tell you which one will save you some greens. Let’s roll!

Camry XLE V6
MSRP $30,014 ($30,514-$500)
Invoice N/A
Standard inception fees + tax not included
Residuals posted are for 12K miles/year.

2009 Toyota Camry XLE V6
36 Month – Residual 62% of MSRP – .00099 Base Rate

36mo Payment: $337 at TMV, $357 at MSRP

Without an invoice price, it is rather difficult to get a nice range on the Camry. Edmund’s TMV does suggest the sale price to be about $29,317 after the $500 rate. This means you only about $697 off MSRP in most areas.

Altima Sedan 3.5 SE + Premium + Moonroof
MSRP $29,685
Invoice $27,367
Standard inception fees + tax not included
Residuals posted are for 12K miles/year.

2008 Nissan Altima Sedan 3.5 SE
36 Month – Residual 56% of MSRP – .00087 Base Rate

36mo Payment: $337 at invoice, $397 at TMV, $403 at MSRP

TMV suggests the sale price to be at around $29,476. Not much of a discount off MSRP here according to Edmunds. I’m not 100% sold on that fact however. Keep in mind that the Altima is a 2008 model, so I think discounts could be had.

Accord EX-L V6
MSRP $28,730
Invoice $26,086
Standard inception fees + tax not included
Residuals posted are for 12K miles/year.

2008 Honda Accord EX-L V6
36 Month – Residual 58% of MSRP – .00129 Base Rate

36mo Payment: $317 at invoice, $341 at TMV, $393 at MSRP

For the Accord, we are looking at a sale price of $26,927 according to Edmund’s TMV. Cheapest of the bunch thus far. But how does it lease with a higher MF and middle of the pack residual? About the same.

My Take: Clearly, the Camry stands tall compared to the other two. At TMV price, it blows away the Altima and is relatively competitive with the Accord, at $4 less per month. The Camry comes in with the highest residual and the 2nd lowest MF (by a hair), making it the more attractive lease despite the fact that it’s the most expensive car of the bunch. The only instance in which I would pick the Accord or the Altima over the Camry is if both could be had at invoice or below invoice price and the Camry couldn’t. In the spirit of the Olympics, here’s how the winners break down.

Gold Medal: Toyota Camry XLE V6
Silver Medal: Honda Accord EX-L V6
Bronze Medal: Nissan Altima 3.5 SE

Lease rates for remaining Accord and Altima Coupe models:

2008 Nissan Altima S w/CVT Manual Coupe
24 Month – Residual 66% of MSRP – .00209 Base Rate
36 Month – Residual 57% of MSRP – .00209 Base Rate

2008 Honda Accord LX-S I4 Automatic Coupe
24 Month – Residual 65% of MSRP – .00186 Base Rate
36 Month – Residual 55% of MSRP – .00186 Base Rate

2008 Honda Accord LX-S I4 Manual Coupe
24 Month – Residual 65% of MSRP – .00186 Base Rate
36 Month – Residual 55% of MSRP – .00186 Base Rate

2008 Honda Accord EX I4 Manual Coupe
24 Month – Residual 66% of MSRP – .00186 Base Rate
36 Month – Residual 55% of MSRP – .00186 Base Rate

2008 Honda Accord EX I4 Automatic Coupe
24 Month – Residual 66% of MSRP – .00186 Base Rate
36 Month – Residual 55% of MSRP – .00186 Base Rate

2008 Honda Accord EX-L I4 w/Navigation Manual Coupe
24 Month – Residual 61% of MSRP – .00186 Base Rate
36 Month – Residual 52% of MSRP – .00186 Base Rate

2008 Honda Accord EX-L I4 Automatic Coupe
24 Month – Residual 63% of MSRP – .00186 Base Rate
36 Month – Residual 54% of MSRP – .00186 Base Rate

2008 Honda Accord EX-L V6 Coupe Automatic
24 Month – Residual 63% of MSRP – .00186 Base Rate
36 Month – Residual 53% of MSRP – .00186 Base Rate

2008 Honda Accord EX-L w/Navigation Coupe Automatic
24 Month – Residual 61% of MSRP – .00186 Base Rate
36 Month – Residual 51% of MSRP – .00186 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

July 2008 Lease Rate for 09 Toyota Camry

Published 2008/07/232012/01/10 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.