Weekly Lease Payments

[Astro14]

Do we know what the MSRP is?
$460 a month for 64 months is $29,440. Is that correct?

Not exactly…There are more than 4 weeks in a month. It’s closer to 4.3 weeks, because we are talking about 52/12…

So, re-run the numbers x 52 weeks in a year, times years…

Or, use 4.33 weeks/month X months x years

 

[KrisZ]

That’s how you make things “affordable”.

 

[Delta]

Who in their right mind puts down money, let alone that much, for a lease?

As everyone knows it's just a fancy rental.

For the record I did lease my '24 Tacoma SR5. Now, for everyone saying how stupid that is, doesn't know I seem to trade up every couple years so it makes sense for me. Will not discuss monthly, but residual is $35K. I will not be buying it out at the end due to several small issues I've encountered with the truck.

Before people get all Dave Ramsey on me, let me enjoy driving a newer truck!

 

[tbm3fan]

Maybe they should make less expensive trucks.

 

[JoelB]

There are 64 month leases?? I had never seen more than 42 months as some sort of 3 year +6 month deal.