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Question on $500 cash back and lease

Discussion in 'Dealers & Pricing' started by BlueFalcon, Dec 29, 2011.

  1. BlueFalcon

    BlueFalcon Junior Member

    Joined:
    Jul 9, 2011
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    Location:
    MN
    Vehicle:
    2010 Prius
    Model:
    IV
    Hi all,

    I am looking to lease a 2011 Prius II during Toyotathon and was told that I was not able to use the $500 cash back for a lease. I am not using any of the "special" lease offers (so I am not combining it with another offer), but calculated it myself with the residual and money factor.

    From what I understand about leasing it is still necessary to negotiate the price of the car and in light of that there should be nothing preventing me from factoring in the $500 cash back.

    Is the dealer blowing smoke or can cash back offers not be used on leases?

    Also, one other question, is the "acquisition fee" listed on Toyota's website a necessary expense or is that another one of those things you can avoid paying?

    Thanks for the help
     
    #1 BlueFalcon, Dec 29, 2011
  2. DianneWhitmire

    DianneWhitmire High PRIUStess

    Joined:
    Oct 23, 2007
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    Location:
    Laguna Niguel, CA
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Premium
    If you are using the TFS subvented rates, that's a special lease rate.
    Meaning, Toyota's either going to give you a $500 rebate OR they are not going to give it to you when you use their special lease rates or the special APRs.

    Second, the acq. fee is a real expense and not negotiable.


     
    #2 DianneWhitmire, Dec 29, 2011
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