Is anyone leasing their 4Runner?
In our area Toyoto has this lease offer: $379/m for 36mths $3,299 due at signing. This is for SR5 at $37939 with lease end BO at $24660.
I have a quote for a Limited at $41,999 (MSRP at $45,700) so I am hoping the lease might be comparable. Any input on if Toyota leases are reasonable deals?
As far as I know, Toyota does not have any good incentives for the 4runner right now. They don't need incentives to move units.
My go-to sales manager in LA quoted $408 with $983 due at signing (state taxes/fees). MSRP $39,013 SR5 4x4. Underwriter is US Bank - you want US bank because GAP insurance is built into leases for FREE. Toyota Financial charges extra for GAP (and their leasing rates are quoted slightly higher)
Lease residuals are set by the bank and regional. You can only negotiate selling price in a lease.
Always do 0 down in a lease. It lowers your monthly, but you do not recover your down payment in a total car accident. This is where free GAP insurance kicks in. When I say 0 down, I mean 0 cap cost reduction.
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