palmer_md
Well-known member
What is the residual value on the lease? I've seen some articles stating
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
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