Toyota Offering $149/month Lease Deal on Corolla
From now until June 1st, Toyota is offering outstanding car lease deals.
You can lease the Toyota Corolla LE, nicely equipped, for $149 a month (36 month lease, 36,000 total miles allowed, $1,999 due at signing). The $1,999 includes a $1,200 down payment, first month's payment, and a $650 acquisition fee.
A lower down payment means the monthly payment amount goes up. With $500 down, the payment goes to $169. No down payment (but include first month's payment and the acquisition fee) and the monthly payment goes to $182.
Why such great deals? The car's price has been discounted about $2,000, the lease-end residual value has been set higher than normal, and the lease money factor is .00002 (equivalent to a 0.5% APR interest rate.) All these factors combine for a very low monthly lease payment for this fine automobile.
3 Steps Every Car Buyer Needs to Take to Save Maximum Money
The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:Step 1 Get Prices From My Trusted Network
Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).Step 2 Get Prices From TrueCar / CarsDirect
TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.Step 3 Complete my Checklist
Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About The Author
Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate
the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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