Toyota: Lease Purchase Option

<com> wrote in message
news:google.com... 

Why not ask them for a an exact quote on how much the purchase price will
be, and then compare it to the language in the contract. I would act
ambivalent when talking to them.

<com> wrote in message
news:google.com... 

Basically with leases, the better your credit, the lower they can make the
monthly payment. Toyota does provide a service that allows you to lease a
portion of the vehicle's price, then refinance once the lease is up. I'm
doing this to keep my monthly payments down.

With leases, there are no finance percentages to worry about, just the flat
monthly payment. The more of a down payment you make and the better your
credit is, the lower the monthly payments can go.

With leases, if you go over your limit, the penalty is usually around 15
cents a mile for every mile you're over. However you can avoid the
penalties if:

-you trade in the car for another new Toyota or Lexus
-You decide to refinance and buy the car

Toyota doesn't really give you that much of a large complex contract. It's
mainly many many smaller contracts, each one must be signed. Though
surprisingly they were able to fit all my paperwork in a legal envelope. I
can read legal documents, though I didn't see too much that would be
confusing to the average person. If you're unsure, bring along your
favorite attorney friend. Take all the time you need to read the contracts.
They'll wait all day for you if they have to.

Hope this helps.
_________________
Morpheus: "It's the question that drives us, Neo."
Neo: "What is the Matrix?"
Morpheus: "It is a car, Neo, and a very snappy one at that."

com (com) wrote in message news:<google.com>... 

Most lease contracts have a stated "residual value" which should be
what you're talking about when you say "purchase option price". This
is already in the contract at the inception of the lease and not
subject to change at the end of the lease so you should not have to
pay any more than that figure if you opt to purchase the vehicle at
the end of the lease.