Slickdeals is community-supported.Ā  We may get paid by brands or deals, including promoted items.
Forum Thread

Toyota early lease purchase

589 74 December 26, 2023 at 12:20 PM
Deal
Score 0
1,268 Views

Thread Details

0 Deal Score
1,268 Views
Hey all, in order to qualify for $4,500 off a Toyota, I would have to lease it, however my intentions are to purchase the vehicle instead of leasing it. Would I be able to do that and not run into any issues with the $4,500 credit from Toyota?

Thoughts ?
Add a Comment
Report Reply
About the OP
Send Message
glck23
Joined May 2013 L5: Journeyman
74 Reputation Points
1 Deals Posted
14 Votes Submitted
589 Comments Posted

4 Comments

View Forum Thread
1

Your comment cannot be blank.

Sign up for a Slickdeals account to remove this ad.

Joined Jun 2005
Let Sleeping Dogs Lie
> bubble2 8,420 Posts
2,999 Reputation
komondor
12-26-2023 at 06:51 PM.
12-26-2023 at 06:51 PM.
well you could always buy out the lease but it will cost you the same as if you waited until the end of the lease.

For Example you have 40 lease payments of 500.00 for a 20K lese payment then the option to buy the car at the end is 10K if you give them 30K upfront or after a could of months they would probably be fine with it.
You need to compare the cost of buying outright or doing the lease and buyout with the $ 4500.00 savings.
1
Like
Funny
>
Helpful
Not helpful
Reply
Joined Aug 2005
L9: Master
> bubble2 4,112 Posts
451 Reputation
Mydiscover
12-27-2023 at 11:51 AM.
12-27-2023 at 11:51 AM.
Quote from komondor :
well you could always buy out the lease but it will cost you the same as if you waited until the end of the lease.

For Example you have 40 lease payments of 500.00 for a 20K lese payment then the option to buy the car at the end is 10K if you give them 30K upfront or after a could of months they would probably be fine with it.
You need to compare the cost of buying outright or doing the lease and buyout with the $ 4500.00 savings.
Also the MF on a lease is normally higher then regular interest rate on a loan.
Like
Funny
>
Helpful
Not helpful
Reply
Joined Jun 2008
...
> bubble2 5,979 Posts
575 Reputation
mrk43
01-22-2024 at 01:09 PM.
01-22-2024 at 01:09 PM.
Quote from Mydiscover :
Also the MF on a lease is normally higher then regular interest rate on a loan.
Not really true, do your homework, apr is MF x 2400 just fyi. He can also buy out the lease early so MF wouldn't matter.
Like
Funny
>
Helpful
Not helpful
Reply
Joined Aug 2005
L9: Master
> bubble2 4,112 Posts
451 Reputation
Mydiscover
01-23-2024 at 02:53 AM.
01-23-2024 at 02:53 AM.
Quote from mrk43 :
Not really true, do your homework, apr is MF x 2400 just fyi. He can also buy out the lease early so MF wouldn't matter.
Maybe you can't read. I said normally and it is true as that's how car dealers make extra money by driving up the MF.
Like
Funny
>
Helpful
Not helpful
Reply
Page 1 of 1
1
Start the Conversation
 
Link Copied

The link has been copied to the clipboard.