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Did you lease your Prius?

Discussion in 'Gen 2 Prius Main Forum' started by SteveMPotter, May 24, 2007.

  1. SteveMPotter

    SteveMPotter New Member

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    May 21, 2007
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    I'm about to lease one, and am looking for info about how that goes, and what kind of payments to bargain for. I have not leased a car before.

    I have found it hard to search for posts about leasing because that word is in "please" which is all over the site.
    I couldn't find any info on current leases in the Dealers and Pricing forum, but if I missed it, please point me to it! :blink:

    Thanks!
    Steve
     
    #1 SteveMPotter, May 24, 2007
  2. morpheusx

    morpheusx Professor Chaos

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    Mar 6, 2007
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    Location:
    Akron, OH
    Vehicle:
    2011 Prius
    Model:
    Three
    <div class='quotetop'>QUOTE(Steve Potter @ May 24 2007, 07:05 AM) [snapback]448908[/snapback]</div>
    I leased mine, mine is a 2007 magnetic gray package #2. Leasing is more complicated to understand, but there are many benefits to a lease. The important numbers you are looking for though.
    I put $500 cash down and traded a 1991 Explorer (they gave me $1500 for the trade)
    and my payments with the tax in are $285 month through Toyota Credit.
    The deal is for 36 months, and when I decide to buy my Prius after the term is over the Residual price (price to buy after the lease) is locked at $12,900.

    I was able to go after a deal that was advertised from Toyota back in March that was for $259 a month before the taxes, that also wanted $2000 down.
    I had to negotiate hard because they didn't really want the Explorer (they most likely took a loss on it)
     
    #2 morpheusx, May 24, 2007
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