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How Much Should I Pay: 2009 Toyota Corolla Lease

 

 

Question From Mike:  I got a quote for a 2009 Corolla LE with leather seats. They are willing to offer me 2000 drive off and 226/month + tax for 36 months, 12,000 miles /year. Is this a good deal, or should i try to get the monthly down to 200 including taxes?

CarFinanceGuru: Hi Mike.  When it comes to leasing let’s get some important information:

1) MSRP aka Sticker Price

2) The actual selling price of the vehicle

3) Residual value of the vehicle at the end of the 36 months (the dealer has this number)

4) Money Factor (ask the dealer what the money factor is on the lease) This should be a number beginning with a decimal.

5) Are you putting any money down?

This entry was posted on Friday, May 16th, 2008 at 11:38 pm and is filed under 2009, How Much Should I Pay?, Toyota. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.



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