Boy, these dealers are into smoke and mirrors!
So I'm planning to buy one of the last remaining Toyeslas, but it's tough to get a straight answer about a lease.
I'm getting a wide range of quotes for the cost of a vehicle and maybe one of you happy owners can set me straight.
The question I'm asking is for no-money-down, unlimited mileage, what is the residual (supposedly set by Toyota Financial). The answers I'm getting from all dealers, including Diane, is that for<12K miles, residual is about $19,400 and for <45K miles residual is about $18,400, but for unlimited miles, some dealers are saying it's $18,400, but one dealer told me it's $15,000. This $15K-residual-dealer quoted me a higher monthly payment by about $40/mo, but his bottom-line was about $800 less than the others. He also told me that the $18.4K residual dealers are not selling an "unlimited mileage" lease and they are going to hit you with an over-mileage if you turn the car into Toyota with >45K miles in 3 years.
I realize that none of you have tried to turn cars in yet, but has anyone read the fine print about "unlimited mileage" on their contracts?
Thanks for your insights.
So I'm planning to buy one of the last remaining Toyeslas, but it's tough to get a straight answer about a lease.
I'm getting a wide range of quotes for the cost of a vehicle and maybe one of you happy owners can set me straight.
The question I'm asking is for no-money-down, unlimited mileage, what is the residual (supposedly set by Toyota Financial). The answers I'm getting from all dealers, including Diane, is that for<12K miles, residual is about $19,400 and for <45K miles residual is about $18,400, but for unlimited miles, some dealers are saying it's $18,400, but one dealer told me it's $15,000. This $15K-residual-dealer quoted me a higher monthly payment by about $40/mo, but his bottom-line was about $800 less than the others. He also told me that the $18.4K residual dealers are not selling an "unlimited mileage" lease and they are going to hit you with an over-mileage if you turn the car into Toyota with >45K miles in 3 years.
I realize that none of you have tried to turn cars in yet, but has anyone read the fine print about "unlimited mileage" on their contracts?
Thanks for your insights.