Toyota Offering $149/month Lease Deal on Corolla
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.
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