Why are FJ money factors so insane? - Page 2 - Toyota FJ Cruiser Forum
Dealer Negotiations/Test Driving This area is for purchasing help, dealer negotations as well as test driving impressions.

Reply
 
LinkBack Thread Tools Display Modes
post #11 of 19 (permalink) Old 04-05-2014, 12:47 PM
Forum Veteran
 
TRDirt's Avatar
 
Join Date: Feb 2014
Location: SF Bay Area, California
Posts: 374
Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 103 Post(s)
Re: Why are FJ money factors so insane?

Buy rate for an MF is .00180 for a 720+ credit score. Maybe a 700. Anything in addition to that number they are making money on, with that kind of rate(.003) a few thousand.

It has nothing to do with an FJ, its just the dealer.

Go to Heaven for the climate, and Hell for the company


My Build
https://www.fjcruiserforums.com/forum...tty-white.html

My Guide

https://www.fjcruiserforums.com/forum...ce-dealer.html
TRDirt is offline  
Sponsored Links
Advertisement
 
post #12 of 19 (permalink) Old 04-05-2014, 12:48 PM
Forum Veteran
 
TRDirt's Avatar
 
Join Date: Feb 2014
Location: SF Bay Area, California
Posts: 374
Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 103 Post(s)
Re: Why are FJ money factors so insane?

Send me a vin and I will crunch you a lease, that way you can take it into the dealer and show them this "amazing deal". I just need a VIN and how much you want as down payment.

Go to Heaven for the climate, and Hell for the company


My Build
https://www.fjcruiserforums.com/forum...tty-white.html

My Guide

https://www.fjcruiserforums.com/forum...ce-dealer.html
TRDirt is offline  
post #13 of 19 (permalink) Old 04-05-2014, 05:57 PM Thread Starter
Forum Regular
 
Join Date: Mar 2014
Location: Texas
Posts: 142
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 12 Post(s)
Garage
(Thread Starter)
Re: Why are FJ money factors so insane?

Quote:
TRDirt previously said: View Post
Send me a vin and I will crunch you a lease, that way you can take it into the dealer and show them this "amazing deal". I just need a VIN and how much you want as down payment.
My VIN is:

JTEBU4BF4EK1855**

I purchased for $32,300

I sent you the full VIN via PM.

Last edited by OldManFJ; 04-05-2014 at 06:14 PM.
OldManFJ is offline  
Sponsored Links
Advertisement
 
post #14 of 19 (permalink) Old 04-05-2014, 06:18 PM
Forum Regular
 
Join Date: Feb 2014
Location: Lansing Michigan
Posts: 143
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 14 Post(s)
Re: Why are FJ money factors so insane?

:/ i never understood leasing in the first place, arent you basically paying for a car you cannot keep?
Gnommad is offline  
post #15 of 19 (permalink) Old 04-05-2014, 06:27 PM Thread Starter
Forum Regular
 
Join Date: Mar 2014
Location: Texas
Posts: 142
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 12 Post(s)
Garage
(Thread Starter)
Re: Why are FJ money factors so insane?

Quote:
Gnommad previously said: View Post
:/ i never understood leasing in the first place, arent you basically paying for a car you cannot keep?
There are promotions that make it a good deal. I leased the 2011 Camry my FJ is replacing, since I like to stay with a similar vehicle. A .0001 money factor (a quarter-percent APR equivalent), a TrueCar price capitalized cost and a 62% residual is a great deal on a Camry with a $275 monthly payment for 45,000 over three years with only first payment due at signing.

If you ever sign a bad lease, the elements you can fix are a bad money factor or bad residual. All you need to do is have a bank do a lease buyout. If you jump the shark on the capitalized cost or buy a bunch wasteful extras like insurance products, you're sunk.

Last edited by OldManFJ; 04-05-2014 at 06:36 PM.
OldManFJ is offline  
post #16 of 19 (permalink) Old 04-05-2014, 06:38 PM
Forum Superstar
 
boystoy's Avatar
 
Join Date: Aug 2011
Location: Greater Toronto Area (GTA)
Posts: 3,539
Mentioned: 3 Post(s)
Tagged: 1 Thread(s)
Quoted: 97 Post(s)
Lifetime Supporting Member
Re: Why are FJ money factors so insane?

to each their own, but I want to own what I drive, do whatever mods I want to make, paint it whatever colour I want, etc, etc ... try that with a lease ...


07 FJC Voodoo Blue - C Pckge AT / Toytec Ultimate 3 Lift / Total Chaos UCA / DirtKing LCA / 285-70R-17 Michelin LTX A/T / ECGS 3rd/front diff 4.56 gears / ARB Front Locker / ARB mini compressor /Demello Hybrid Sliders / Scuba Mod / AT Cooler / MetalTech Upper-Lower Rear Links / Clazzio Seat Covers / Roll Top Console Cover

78 FJ40

______________
the only thing we have to fear, is fear itself FDR
boystoy is offline  
post #17 of 19 (permalink) Old 04-05-2014, 06:47 PM
Forum Regular
 
Join Date: Feb 2014
Location: Lansing Michigan
Posts: 143
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 14 Post(s)
Re: Why are FJ money factors so insane?

Quote:
OldManFJ previously said: View Post
There are promotions that make it a good deal. I leased the 2011 Camry my FJ is replacing, since I like to stay with a similar vehicle. A .0001 money factor (a quarter-percent APR equivalent), a TrueCar price capitalized cost and a 62% residual is a great deal on a Camry with a $275 monthly payment for 45,000 over three years with only first payment due at signing.

If you ever sign a bad lease, the elements you can fix are a bad money factor or bad residual. All you need to do is have a bank do a lease buyout. If you jump the shark on the capitalized cost or buy a bunch wasteful extras like insurance products, you're sunk.
its still hard for me to wrap my head around, after paying monthly for three years.... what do you have to show for it? i mean, you have to give the car back, right? its on the same level as renting, when you rent, youre just paying someone else's mortgage....
Gnommad is offline  
post #18 of 19 (permalink) Old 04-05-2014, 06:54 PM Thread Starter
Forum Regular
 
Join Date: Mar 2014
Location: Texas
Posts: 142
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 12 Post(s)
Garage
(Thread Starter)
Re: Why are FJ money factors so insane?

Quote:
Gnommad previously said: View Post
its still hard for me to wrap my head around, after paying monthly for three years.... what do you have to show for it? i mean, you have to give the car back, right? its on the same level as renting, when you rent, youre just paying someone else's mortgage....
Another advantage is that if your car turns out to be a problem, you can walk away. If it turns out to be a fantastic vehicle, you can buy the lease out any time. My 2011 Camry has a contract residual value of $15,000 and a resale value of $11,000. Also, if your job is unstable and think you might need food stamps, you don't own a leased vehicle. I'm glad I leased my Camry after deciding how nice towing capability would be. It enabled me to go with an FJ Cruiser without having to eat $4,000 in negative equity.

Last edited by OldManFJ; 04-05-2014 at 06:58 PM.
OldManFJ is offline  
post #19 of 19 (permalink) Old 04-05-2014, 08:18 PM
Forum Superstar
 
Tonka Cruiser's Avatar
 
Join Date: Mar 2008
Location: DC Metro
Posts: 2,472
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 280 Post(s)
Garage
Lifetime Supporting Member
Re: Why are FJ money factors so insane?

Quote:
Gnommad previously said: View Post
its on the same level as renting, when you rent, youre just paying someone else's mortgage....
the big difference is a property is a appreciating asset and a vehicle is a depreciating asset. a lease is generally a good idea if your a business, like a new car every few years, you want a more expensive vehicle than you can afford, or there is a silly cheap promotion.

Last edited by Tonka Cruiser; 04-05-2014 at 08:22 PM.
Tonka Cruiser is offline  
Reply

  Toyota FJ Cruiser Forum > Toyota FJ Cruiser Discussion > Dealer Negotiations/Test Driving

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Toyota FJ Cruiser Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
User Tag List

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome