Toyota Lease Payment: The Loophole Dealers DON'T Want You to Know!
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- Опубликовано: 6 мар 2024
- This is the video that Toyota dealerships don't want you to watch. We'll uncover the secret Toyota lease hack that has saved thousands of drivers across the globe from overpaying each month. This comprehensive guide is brimming with insider tips, including an elusive loophole and step-by-step strategies to significantly reduce your monthly lease payment without any additional upfront costs.
Why stay burdened with hefty lease bills when a luxury driving experience can cost you less? Whether you're a long-time Toyota lessee or considering a new lease, this video is your key to unlocking massive savings.
No gimmicks, no fluff - just straightforward, actionable advice that works. Ready to slash your Toyota lease payments and drive more for less? 🎥 Watch now, and say hello to savings and goodbye to overpaying!
Video Tags
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Hashtags
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Example Calculation:
Let's calculate the lease payment for a Toyota RAV4 Hybrid XLE, using the following details from the video:
Car Price (Negotiated Selling Price): $36,000
Residual Value: 60% of Car Price (for a 36-month lease)
Lease Term: 36 months
Money Factor: 0.028 (equivalent to 6.72% APR)
Sales Tax: Assume 6% (varies by location)
First, we need to calculate the Depreciation and Finance Fees:
Depreciation Fee:
Residual Value = 60% of $36,000 = $21,600
Depreciation Fee = ($36,000 - $21,600) / 36 = $400 per month
Finance Fee:
Finance Fee = ($36,000 + $21,600) x 0.028 = $1,616.8 per year or $134.73 per month
Now, let's calculate the monthly lease payment:
Monthly Lease Payment (before tax): $400 (Depreciation Fee) + $134.73 (Finance Fee) = $534.73
With Tax: $534.73 x 1.06 (including 6% tax) = $567.21 per month
So, the monthly lease payment for the Toyota RAV4 Hybrid XLE, under these conditions, would be approximately $567.21. Remember, this is a simplified calculation and actual lease terms may include additional fees or charges
I never knew this! Great information Ari, thank you for sharing! Does this technique also work with other brands?
Great information for me, as Toyota is one of the two car brands I'm researching for my next lease. Specifically, a Corolla Cross Hybrid XSE. Right now, nobody has them to test drive, but hopefully that will change by June. If not, well, I'm back to leasing another Hyundai Kona Limited!!
QUESTION--I turned in 2018 CRV Touring/turbo 16K miles 3yr lease on 2021 CRV Touring Hybrid with 14K miles 3 year lease and actually got $4K more in equity.
Good deal or not?
Thank you! I used this two days ago to lease a 2024 Corolla Hatchback se plus in Ontario. Did math and saved a couple thousand. I also was able to negotiate and go even lower. This is my first new car. This really saved me im not a math guy haha.
🫡🫡🫡
MSDs are great and you get that money back. Not a lot of people do that and dealers don't talk much about this anymore. Great video!!
This doesn’t make any sense to me though because you could just put that money in a basic index fund or qqq/spy and have way more than you saved after a 3 year lease.
Would this be beneficial with a supra? Or even possible?
You should've added the risks for MSD. If you are behind on payment and finance company repossesses your vehicle, the MSD is gone. They won't use MSD to make payments you're behind. If you are involved in car accident that results in total loss and the value of car is less than what you owe, the lender will use MSD to make up the difference and pay you the rest if any of it is reft EVEN IF you have GAP Insurance (which is secondary to MSD).
Can you do the Honda civic sport ? Our 2021 with 4 months left on the lease got totaled smh… anyway, we had $1000 down that included first payment and some other fees… paid $252 a month @ 3yrs 10k miles… think we talked the price down to 22 from 24.5k… we know we will never get that same deal with prices up and rates stinking… but can we ever come close that again? We can wait until may/june/july…. Looked at the trax man do they lease like crap…
I guess my only thought is that if you took that $4,500 deposit and invested it in a money market fund currently earning 5% you would earn $709 in interest over the three years (and you would have access to your cash if needed.) The savings would be around $290 in this example.
Correct. Never put money down on a lease. If you total the car you lose all that cash 💰. Invest it
Dang, I just wrote a $52k on my wife’s car. Could’ve made 5% on that $52k, that $2.5k a year, $200 a month before tax. 😊
Just left Toyota dealership in NY. Ny is excluded from the multiple security deposit
Majority of Toyota and Lexus owners buy their Lexus or Toyota and keep them for very long time because Toyota and Lexus run so reliable, cheap to keep, easy to fix and maintenance us the lowest among all brands. Toyota and Lexus dealers network, spare parts logistics depots are the best of the best and unparalleled regardless of foreign or domestic brands. I
We’re Lexus and Toyota customers for nearly one half century but have never leased one. Every Toyota or Lexus we’ve owned since 1976 has driven past 200K miles without having to replace engine, transmission, AC, suspension, paint or upholstery. There were times we purchased used Toyota vehicles at 100K-150K for our high school kids and the kids still driving them after college with good paying jobs because they said their Toyota vehicles are still running great at well over 200k miles why need to buy new and stuck with car payments for 4 years?
The topic of Leasing should be the topic for other brands only.
I would lease nowadays only because technology is evolving and since my 2024 lease would be due in 2027, the entire EV industry could be using solid state batteries instead of the now lithium ion versions. I say solid state because Toyota is developing them for future EV power supplies.
Same here. 3 Lexuses in my household. My 2017 ES350 42k miles, wife’s new 24 NX350h and my teenage son’s 08 RX350 with 160k miles on her. Always bought in cash and keep them until they fall apart. in 1.5 years my daughter will get her license and she will take the RX, son will take my ES and I will be in the market on a new ES hybrid or a 4YO low mileage LC hybrid. We won’t buy any other brand, except a 911 when retire, hopefully 8 years later when I turn 60. 😊
@@Steve_in_NJI really doubt SS battery will scale to such large production by 2027. That’s only 3 years away. I hope you are right though, SS battery will be a game changer for EV. Safer, much faster charging time and best of all, longer range and lighter.
@@jml9550 Smart 👍
@@seikocitizenwatches I can assure you that i ain’t that smart. Do have some common sense though :)
that's not a loop hole. that's the way it works..BMW does the same thing etc.
Ok, it's official, I am confused.
Lease Formula Explanation:
Depreciation Fee: This represents how much value the car loses over the lease term. It is calculated as:
Depreciation Fee=(Car Price - Residual Value)/ Lease Term Car Price: The negotiated selling price of the car.
Residual Value: The estimated value of the car at the end of the lease.
Lease Term: The number of months you are leasing the car.
Finance Fee: This is the interest you pay on the lease. It is calculated as:
Finance Fee=(Car Price + Residual Value)×Money Factor
Money Factor: The interest rate, expressed differently for a lease. To convert Money Factor to traditional APR, multiply by 2,400.
Monthly Lease Payment: The sum of the Depreciation Fee and Finance Fee, plus tax:
Monthly Lease Payment=(Depreciation Fee + Finance Fee)+Tax
Tax: Calculated based on your local sales tax rate.
We should collaborate on a video
Or pay the whole lease upfront
That is risky because you lose your entire payment if the car is in a total loss accident.
Don't lease... buy with cash
I lease because I don't have all that cash upfront. It's tied up in investments for the future, where it will grow, whereas cars depreciate in value. Any financial whiz would tell you never to pay cash for a car!
@@Steve_in_NJYeah, toyotas REALLY depreciate. Looking up a used toyota and determined THAT WAS A LIE😂
Exactly what I just did. Wrote a $52k on my wife’s 2024 NX350h. No way in hell I will finance a car at 7+%.
Deshown The Auto Advisor RUclips channel is helping to educate me on buying or leasing.
Dump a lump sum cash upfront on depreciating asset? No thanks. Find a low financial rate and go with that. They are out there.
I been wanting to lease a 2024 tundra limited msrp 67k with a discount of $5500. ($61,500) money factor ar is 6% 36 months 10k miles. $0 down my payment is $870 ish. If I do what you just said it would drop to $705 ish. I been trying to get a payment under $750. I have 2 options now put security deposite of about $8k or wait for next month and hope the money factor drops more.
Thank you so much for this great video 🫡
They’re recalling a lot of them. Might check that 1st to be sure
Google is Watching
Leasing is called renting.
There are so many restrictions and limitations when leasing.