Corolla

November 2008 Lease Rates for 09 Subaru Forrester, Toyota Corolla and Nissan Altima

Published by G

My Take: Here are three decent leases for the month for those who are budget conscious. The Forrester is looking pretty good with a starting lease of $301 and up (at invoice). One drawback is that Subaru has a VERY healthy options list which means it will quickly add up. Just make sure you get what you need and don’t get carried away. The dealer could contribute $700 towards your lease (since they are doing it as part of a special lease program). The Corolla is dirty cheap in my opinion since it’s really a “budget” car. Much cheaper to lease than a Mazda3 I think, but much less exciting to drive too. The Altima is the beefier of the group so it has a steeper price tag. Even so, there’s $750 in rebates available which should drive down the costs a bit. Again, all these estimates are based on stock models, so the more options you add, the pricier it gets. The residual and money factors look pretty good for 36-month leases so they are worth a look before the end of the month.

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  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
09 Subaru Forester 2.5X Premium $21,836 $23,160 N/A $301 N/A $340
2009 Corolla $15,658 $16,870 N/A $200 N/A $236
09 Nissan Altima 3.5 SL Sedan $27,916 $30,075 N/A $354 N/A $418

  • 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.
  • Yellow boxes denotes “lowest” lease payments for each car.

2009 Subaru Forester 2.5X Premium
36 Month – Residual 57% of MSRP – .00175 Base Rate

2009 Corolla
36 Month – Residual 59% of MSRP – .00163 Base Rate

2009 Nissan Altima 3.5 SL Sedan
36 Month – Residual 60% of MSRP – .00174 Base Rate

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

0% financing on 11 Toyota models

Published 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.

July 2008 Lease Rate for 09 Toyota Corolla

Published by G

My Take: ’09 Corollas will probably be difficult to get at invoice. Edmund’s TMV reports only about $300 off MSRP. Then again, I take Edmund’s TMV with grain of salt. Here are the numbers on a very well equipped ’09 Corolla LE.

  • MSRP $20,805
  • Invoice $18,449
  • Standard inception fees plus taxes
  • Rates in BOLD

Monthly Payment $218 at invoice, $288 at MSRP, $275 at TMV.

If you tack on your local taxes, you’ll be paying over $300 a month over 36 months at MSRP and TMV. Would I lease it? Probably not, I’d rather buy it since it’s a relatively inexpensive car.

Toyota Corolla LE
36mo/15k – residual 61% – money factor .00188