Prius Residuals

Discussion in 'Gen 3 Prius Main Forum' started by wvgasguy, Jun 24, 2009.

  1. wvgasguy

    wvgasguy New Member

    Joined:
    May 6, 2009
    1,255
    185
    0
    Location:
    a
    Vehicle:
    2010 Prius
    Model:
    V
    Just curious. I've always heard that on Toyota leases the options have different residuals so they have to look at the specific car to determine the lease cost.

    What I'm wondering is now that I have a vehicle sheet, it shows a high and low residual for the various years. Are these the numbers they use on the leases? What is the difference in the high and low number?

    This does highlight the need (advantage) of keeping your car longer than I normally do. The residual on my $30K car is only about $20 after 2 years but then only goes down $2K per year after that.
     
    #1 wvgasguy, Jun 24, 2009
  2. stream

    stream Senior Member

    Joined:
    May 12, 2008
    2,977
    451
    14
    Location:
    Long Island, NY
    Vehicle:
    2010 Prius
    Model:
    V
    Port installed options do not affect TFS residuals (so you are paying for the full cost of them over the term of the lease), while the MSRP of the various models and packages do.

    The STD residuals are for 15K miles/year, and the LOW are 12K.

    If you haven't leased a car before, be sure to negotiate the purchase price first, then ask what the money factor & acquisition cost are. Don't fall for the game of focusing on the monthly payment. The calculation is straightforward (I posted an excel spreadsheet a while back).
     
    #2 stream, Jun 24, 2009
  3. SageBrush

    SageBrush Senior Member

    Joined:
    Jun 4, 2008
    11,627
    2,528
    8
    Location:
    Southwest Colorado
    Vehicle:
    2012 Prius v wagon
    Model:
    Two
    Exactly. That, or buy a couple year old car.

    I bought my Honda Civic 2 years old for $9500, and sold it 8 years later for $3500. That is a capital cost of $62.5 dollars a month in unadjusted dollars. I'm very optimistic that interesting stuff will be available for sale in 2025 when I replace my Prius.
     
    #3 SageBrush, Jun 24, 2009
(You must log in or sign up to post here.)
Loading...
Similar Threads - Prius Residuals
  1. grmeyers

    Toyota Prius location

    grmeyers, May 29, 2023 at 11:48 AM, in forum: Gen 3 Prius Main Forum
    Replies:
    10
    Views:
    156
    JC91006
    May 29, 2023 at 11:00 PM
  2. Darklandscape

    Is my prius covered under warranty repairs if I am the 5th owner?

    Darklandscape, May 27, 2023 at 3:02 AM, in forum: Gen 3 Prius Main Forum
    Replies:
    9
    Views:
    260
    Grit
    May 28, 2023 at 2:51 PM
  3. RubikTetris

    Steps to take if only using the Prius once a week for a while?

    RubikTetris, May 24, 2023 at 1:17 AM, in forum: Gen 3 Prius Main Forum
    Replies:
    12
    Views:
    322
    sam spade 2
    May 25, 2023 at 12:40 PM
  4. sphereman

    Can anyone post 2011 Prius Lease rates (money factor and residual value)?

    sphereman, Oct 9, 2011, in forum: Gen 3 Prius Main Forum
    Replies:
    1
    Views:
    2,796
    stream
    Oct 9, 2011
  5. ÃœberDork

    2010 Prius TFS Leases: What are the Residuals and MFs?

    ÃœberDork, May 26, 2009, in forum: Gen 3 Prius Main Forum
    Replies:
    20
    Views:
    4,853
    syncmacd
    May 29, 2009