Good Lease Deal?
Hello all,
Current owner of a Honda hybrid and thinking of getting a Prius. The local dealer is offering the following. This sounds good to me. Any input?
Prius with package #2
$259 per month for 36 months
$1999 due at signing
Offer good on 2007 Prius 5-Door Liftback Model 1224 – ECVT transmission, vehicle skid control, backup camera, smart key system,AM/FM/CD changer/MP3 with 6 speakers, carpeted floor mats and cargo mat, rear bumper appliqué, and more! $259/Mo. – 36 Month Lease. $1,999 due at lease signing. Includes $1,190 Customer Down Payment + First Month’s Payment/$259 + Acquisition Fee/$550. $300 security deposit waived to qualified buyers subject to approved credit through Toyota Financial Services. Good on Tier I PLUS only. 36-month payments total $9,324 – excludes state and local taxes, tags, registration and title, insurance, and dealer charges. Lease Factor .00024. Closed-End Lease. Lease-end purchase option $12,990. The manufacturer’s suggested retail price for the 2007 Prius 5-Door Liftback Model 1224 is $24,234. Includes destination charge, but excludes state and local taxes, tags, registration and title, insurance, and dealer charges. Adjusted Capitalized Cost is $22,011 based on dealer participation. Other options and dealer charges extra. Lessee may be charged for excessive wear based on Toyota Financial Services/Toyota Lease Trust (TLT MI & OH) standards for normal use and for mileage in excess of 36,000 miles at the rate of $0.15 per mile (low mileage lease). Your payment may vary depending on final price. Tax credit limited to new purchases only. Used vehicles sales and leased vehicles are not eligible to claim tax credit. Amount of tax credit is subject to IRS regulations in effect at the time of purchase and change subject to changes in applicable Federal Tax Laws. Delivery must be taken from new 2007 dealer stock by 2/28/07 and is subject to availability. Available to qualified customers through Toyota Financial Services. Effective 02/01/02 Ohio requires sales tax to be collected at lease inception. Individual dealer prices may vary. See participating dealers for details.
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