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2015 Prius C Three Moonglow - Lease takeover

Discussion in 'Prius Cars For Sale' started by Pasaman, Jan 20, 2016.

  1. Pasaman

    Pasaman Active Member

    Joined:
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    Location:
    Southern California
    Vehicle:
    2021 Prius Prime
    Model:
    LE
    I got this car in October to replace my PiP (for lower payments) and I found out as of January 1 I'm now eligible for a work car. I will probably end up posting this on swapalease or something but I figured I'd try here first.

    The car is a 2015 Prius C Three in Moonglow with Moonroof and Smart Keys (not sure if all models have this). It has an allowance through Toyota Financial of 1,000 miles per month. I'm a bit over 3 months in and have 1,900 miles. It is in perfect shape and has been taken care of in it's short 3 month life.

    My current payment is around ~$220 total that's with tax included so I'm not sure if your payment might fluctuate a bit based on tax in your zip code. Lease ends October 2018.

    The lease transfer fee is $200 paid to Toyota Financial and I will cover this cost. As a bonus / incentive to move this car I will also pay the first month when you take over the lease. So over $400 covered up front and you pay nothing til the 2nd month (outside of DMV registration fees etc..).

    Keep in mind this might not be the quickest process as Toyota Financial makes you send in a paper app with wet sigs for the credit application. For a little patience you could save some money and get a nice car at a decent price. Please post here and/or PM me for more information. I've sold a car here before and I'll exchange phone numbers to discuss in more detail.

    00101_k03qMVlzkr4_600x450.jpg
     
  2. Pasaman

    Pasaman Active Member

    Joined:
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    Location:
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    Vehicle:
    2021 Prius Prime
    Model:
    LE
    I understand not everyone likes leases and taking them over isn't exactly desirable so no interest here yet. But if you are looking for a lease let me know. Maybe we can work out some sort of incentive? Me pay you some upfront $ to take it over? I'm considering all options now since I have my work car and this car isn't needed.
     
  3. ETC(SS)

    ETC(SS) The OTHER One Percenter.....

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    If you don't find somebody to TOL you're not necessarily stuck with the car.
    You might be better off selling the car at a loss and taking a smaller ding than the lease termination fees, which BTW are ???? what exactly?
    You need to find out what those fees are exactly.
    A $1,000 check might make this all go away, and you'll be completely whole again in just a few months.

    You have a 2015 C3 in nearly showroom condition with 2k miles.
    You're on the hook for 7 kilobucks worth of lease payments, not to mention insurance and maintenance, and all of the gotcha crap at the end of the lease.
    A little short term pain might get you a longer term gain
    Figure out what your car is worth and see what you can get for it.
    Graduation come in June and people are going to have tax refund checks jingling in their back pockets pretty soon.
    Gas is cheap, but so are C3s......and let's just say that the news hasn't painted a really rosy picture of the economy.

    Somebody out there wants your car!



    .Good Luck!

    Just make sure the job thing is secure.... ;)
     
  4. Pasaman

    Pasaman Active Member

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    Vehicle:
    2021 Prius Prime
    Model:
    LE
    Thanks for the post! Unfortunately I put zero down on the car so the buyout is more than the car is probably worth. These cars are selling for much cheaper nowadays. The only language I could find in the lease deal about terminating was that I'd owe the balance of the lease payments in full if I were to terminate the lease contract. So I'd owe approximately 2.5 years of payments still!
     
  5. Munpot42

    Munpot42 Senior Member

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    Another reason I hate leases, even if you die, the lease payments go on and your estate has to pay them!
     
  6. Blizzard_Persona

    Blizzard_Persona Senior Member

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    False info ^^^

    You can trade in a lease or sell it at anytime. Just find out your payoff (which goes down monthly) and as long as you sell it for that price, or your trade in amount covers the payoff, or you pay the difference out of pocket...you are golden.

    You would only owe anything if your payoff is more than the car is worth or more than you can sell it for.

    Generally speaking it is a lot easier to break even on a lease trade in if you make it at least half way into the duration of the lease. I.e. 18 months or so into a 36 month lease.

    A lot of times dealerships will overvalue your trade to get you into a new vehicle, and this is how you can trade in your lease early on not be on the hook for the remaining payments.


    I've done it plenty of times.
     
  7. Blizzard_Persona

    Blizzard_Persona Senior Member

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    Just call the leasing company or log into the website where you make your payments and find out your payoff. It's that simple. If your lease is with TFS then it's simply takes a few clicks and you will have your answer....


    Then for reference look up KBB, black book, auto trader or even swing by the dealership and see what they would give you for it (obviously a lot less than selling privately), but at least you would now have a solid idea where you stand.
     
    #7 Blizzard_Persona, Feb 11, 2016
    Last edited: Feb 11, 2016
  8. Pasaman

    Pasaman Active Member

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    Vehicle:
    2021 Prius Prime
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    LE
    My payoff is much more than it's worth since I didn't put anything "down" on this lease and it's a pretty low payment. Sounds like I'm going to be stuck using a swapalease type service. I was hoping to pass some incentives along to someone here rather than paying the swapalease rates.
     
  9. Blizzard_Persona

    Blizzard_Persona Senior Member

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    Understood.

    Your offer in your first post seems very fair and a great deal to someone that wants to take over your lease.

    Best of luck.
     
  10. kinglew

    kinglew Member

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    Vehicle:
    2020 Prius Prime
    Model:
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    Lot of luck !!!