Prius 2 lease question

What's the lease length? What's the final payment on the Camry? Are you trading that Camry in?

 

Leasing is never a good idea. People claim for business use it is a better tax write off. This is not true. It is an easier tax write off.

Leasing forces people to get a new car every 3 years. This makes the consumer eat most of the depreciation of the vehicle and start doing it again after 3 years.

If you cannot afford the payment of buying compared to leasing, maybe you’re trying to get more car then you can afford.

 

By focusing on the monthly lease payment, you're falling into the dealers leasing shell game. The important variables are: selling price, money factor, lease term & miles, and residual--plus a few others. The lease payment is the result of these variables.

I've attached a spreadsheet I put together a few years ago when a friend asked me to help her lease a car (it's not rocket science, but I had not leased a car prior to that so it was a good way for me to understand all the moving parts, and keep one step ahead of any dealer sleight-of-hand). I also used it when I leased my Prius a few years ago.

The input section is in the upper left corner. My advice is to get all the variables from the dealer and go through it in the calm of your home, and also bring the spreadsheet loaded on your laptop to the dealer when you go to get the car, just in vase.

Good luck.