The leased of our troubles

Leasing in Southern CA area

LA REGION:
Lease Penetration Reaches New Highs

Unprecedented lease money factors and amazing payments, along with a consistent advertising message from the Toyota Dealership Association ads and from individual dealerships drove traffic up in August (and continues to do so in September). Lease Penetration in the LA Region reached new highs in August as lease represented 39% of new vehicle sales, which was about a ten-year high.

To put this into perspective, nearly 5000 leases were written in the LA Region last month which compares with an average of about 1500 per month a year ago. As the economy is continuing to improve three years from now, these leases will pay big dividends to LA dealers in the form of a natural source of Toyota customers to put in a new vehicle and an excellent source of used vehicles.

'nuff said.

 

Ted, yep- I am thinking the same. Never leased a car before but just may do it this time around. Now, if I could only find a $199 deal like you got!

 

My daughter just leased a 2010 Scion XB for under a $100 a month. Lease deals are out there if you bargin.

 

Mike, add a little cap reduction to your cash drive offs and you can also have a 199 payment.

Back in March of this year, the II that I got for my son had a 16416 residual. (they used to me $17,300 in May 2009 for the same car)
Today, that same II car has a $15048 residual. And, my tier 1+ rate was .00075 and today it's .00025.

Make sure when you compare lease payments, you find out when someone got theirs. Residuals have been doing the slow slide (as they always do) ... since the Prius 2010 came out May 29th, 2009, the cars are technically already more than a year old now. Nearly 1.5 years to be creatively exact.

When the first 2010 models made their debut, the V had a $21K residual!! Now, it's 19,131.

And, there were no graciously low rates back then. The buy rates for leasing were .00265 and the interest rates were 5.99 for the best loan.

Things change.
Just some info you may need to determine that a prior deal isn't the best way to gauge the same deal today!

 

Don, how much cash or trade did she add to that calculation?

 

Ted, also how much was your drive off for the $199.