2016 Toyota Corolla Lease

[adamjohnson]

Hello Carman,
Hi again !! its that time of the year and my lease ends in December , Hope you are doing well. I live in the South Florida area ( Miami ) and want to see if you can tell me Residual Values for 24m and 36m, with Money factors, the most discount you think I could get and Incentives if any for Toyota Corolla 2016 LE and S with auto trans, and back up camera. Thank you as always !!!!
PS:
Thanks for sharing all the info, knowledge and for helping regular customers to buy a car.
Ed

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[fishycomics]

We walked out 200 give or take, no money down...

Next big holiday and turn over will be thanks giving. depends how you shop and what dealers you go to.

 

[CorollaKid]

I got mine last year - a 2015.
Gave my old Volvo as down payment and walked out at $138/month.

 

[Daril]

I got a mustang 2014 I could not afford to pay, went to the dealer to get a Leased Corolla, 320 out of the door. Remember they had to put the difference from the Mustang on top of the Corolla, that is why i am paying that much, still better than the 500 a month for the mustang, and a great way to get out of a situation like mine. I will keep the corolla at the end of the lease, i am done wasting money on cars lol

 

[misspinky504]

Hi I thought I was paying high lol I pay $350 (to finance) I was leasing my corolla for about a week den I decided to just go ahead and finance it instead..not sure if I made a good choice or not because when I trade my 2013 corolla in for the 2016 corolla I was upside down so a lot of the negative equity got added to my loan .

I got a mustang 2014 I could not afford to pay, went to the dealer to get a Leased Corolla, 320 out of the door. Remember they had to put the difference from the Mustang on top of the Corolla, that is why i am paying that much, still better than the 500 a month for the mustang, and a great way to get out of a situation like mine. I will keep the corolla at the end of the lease, i am done wasting money on cars lol

 

[misspinky504]

Wow r u financing or leasing?

I got mine last year - a 2015.
Gave my old Volvo as down payment and walked out at $138/month.

 

[Daril]

Hi I thought I was paying high lol I pay $350 (to finance) I was leasing my corolla for about a week den I decided to just go ahead and finance it instead..not sure if I made a good choice or not because when I trade my 2013 corolla in for the 2016 corolla I was upside down so a lot of the negative equity got added to my loan .

You should have waited for the end of the lease then buy it, you would have saved money. I was going crazy with mustang situation, after a lot of research and reading i decided that my best option was to lease to stop being upside down at the end of the lease. But a few weeks after i decided to buy after the lease ends because the bank will want to negotiate at the end, so normally you can get a good discount on the remaining price of the car at the end. There is some good articles about this out there. You must be smart with this things

 

[CorollaKid]

Wow r u financing or leasing?

I am leasing it for 36 months. Will end up buying it at the end of the lease - that was my intent all along. I am 16 months into the lease and already at 36,000 miles (my total allotment of miles for the entire duration of the lease). I think the buyout is like $7,800. In the end, I will have a 3 year old car with 80,000 miles - that will probably have another 100,000 miles left in it with no major issues.

 

[Daril]

I am leasing it for 36 months. Will end up buying it at the end of the lease - that was my intent all along. I am 16 months into the lease and already at 36,000 miles (my total allotment of miles for the entire duration of the lease). I think the buyout is like $7,800. In the end, I will have a 3 year old car with 80,000 miles - that will probably have another 100,000 miles left in it with no major issues.

Good choice on keeping it