Lease Residual Value

Toyota Rav4 EV Forum

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palmer_md

Well-known member
Joined
Sep 19, 2012
Messages
64
Location
Sacramento, CA
What is the residual value on the lease? I've seen some articles stating
The RAV4 EV will go on sale the week of September 24, 2012 through select California dealers, focusing on major metropolitan markets. With a manufacturer’s suggested retail price of $49,800, RAV4 EV customers will have the option of a purchase or lease program. Special purchase financing of 1.9 percent APR is available for qualified customers, as well as a 36 month lease option at $599 per month with $3,499 drive off. Sales volume is planned for approximately 2,600 units through 2014.

So 599 for 36 months is $21564 plus $3499 is $25,063 total payments. If I wanted to purchase the car at the end, how much would it cost? It could be as simple as the $49,800 - $25,063 or $24,737, but many times the lease terms are not so simple. I'm just looking for some clarification on how Toyota is working this lease.

http://pressroom.toyota.com/releases/2012+toyota+rav4ev+california.htm?view_id=35924
 
Not sure about residual value on the Rav4 EV. I don't think the Toyota site mentions anything about that... is that something set by dealers or by Toyota?
It is the dealerships buying it back to try and sell on there lots isn't it?

Here's an interesting from Motley Fool about leasing a vehicle as an unconventional investment that I found interesting, or at least amusing.
http://www.fool.com/investing/general/2012/06/21/is-the-chevy-volt-too-affordable.aspx

On the Toyota Rav4 EV website there is a buy or lease quiz to try and help you decide. I don't know if that will be of any use?
http://www.fool.com/investing/general/2012/06/21/is-the-chevy-volt-too-affordable.aspx
 
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