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Toyota lease on a new 2016 RAV4 Hybrid (Expires 07/05/2016)

Toyota Deals New Toyota Incentives & Special Offers

Here are conditions of the lease

Get a 2016 RAV4 Hybrid for $209 for 36 months

Lease a new 2016 RAV4 Hybrid for $209 a month for 36 Months with $3,199 due at signing, which includes $2990 down, $209 first month's payment and $0 security deposit. Example based on model 2016 Models 4444.

Total MSRP including freight is $29888. Monthly payments of $209 x 36 Months equals $7524.

Capitalized cost of $26019 based on down payment and dealer participation which may vary by dealer.

Lease-end purchase option is $19128.

$350 disposition fee due at lease end unless customer purchases vehicle or decides to re-finance through Toyota Financial Services.

Lease does not include taxes, license, title fees, acquisition fee of $650, insurance, regionally required equipment and other dealersí charges are extra and not included in the amounts shown. Closed-end lease.

Payment may vary depending upon final transaction price. Customer responsible for maintenance, excess wear and tear and $.15 per mile over 12000 miles per year. To qualified Tier 1+ customers through Toyota Financial Services. Must take retail delivery by 07-05-2016. Does not include College Grad or Military Rebate.

*Covers normal factory scheduled service. Plan is 2 years or 25K miles, whichever comes first.

The new Toyota vehicle cannot be part of a rental or commercial fleet, or a livery or taxi vehicle. See plan for complete coverage details. See participating Toyota dealer for details.

Valid only in the continental United States and Alaska. http://www.toyota.com/toyota-care/

You can see that actual down payment is $3199+$650 + taxes, license, title fees, not $3199. Also $350 disposition fee need to be calculated in. So you total cost before taxes is 30201, which is 3,700 difference with buying the car for 27,500 at zero percent for 60 month. Or more then $1K a year.

Cost structure

Even for Toyota lease the cost structure is much worth then it looks at the first site. Additional costs mean that this lease is not $209 a month but is equivalent  to 36 monthly payment of $368. While if you are buying the car with 60 month zero percent financing, the cost of the car is $27800 and you keep the cat 9 years with $4000 maintenance cost after 6 years, you pay  on average only $314 per month. The difference is around $55 a month or approximately the cost of gas. 

Cap cost reduction     2990 2990
Capitalized cost     26019 24,510
Monthly 209 36 7524 6,015
Total payment     10514 9005
Tax (8%)     841.12 720.4
Acquisition cost     $650 $650
Dealership doc fees     $300 $300
Registration and title fees       $325 $325
Roadside assistance from AAA for one year (first two years are free)   $75 $75
Maintenance costs (third year oil change and tire rotation)     $200 $200
Disposition fee     350 $350
Cash upfront     $4,474 $4,474
Total cost of the lease     13255 11625
Residual     19128 19128
Total cost of the car if you are buying it at the end of the lease 32033 30403
MV fee     $325 $325
Total cost of three consecutive leases     39765 34876
Realistic price at which you buy a car for cash (edmunds)     27,800 27,500
Tax (8%)     2224 2200
Dealership doc fees     $300 $300
Registration and title fees       $325 $325
Delivery cost ($900) included in MSRP     $0 $0
Additional maintenance costs     $4,000 $4,000
Cost of roadside assistance after first two years (AAA $60 a year)   $420 $420
Residual cost of 9 year car (Blue Book value)     $2,000  
Total expenses on the car if you are buying for cash     $33,069 $34,745
Losses for 9 years (cash ownership vs. lease)     6,696 131
Per year  losses  (cash ownership vs. lease)     744 15


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Last modified: March, 12, 2019