Leasing 2021 Supra

Discussion in 'Pricing, Ordering, Negotiating' started by docprego, May 27, 2019.

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Will Toyota offer leases on the 2021 Supra?

  1. Definitely

    50.0%
  2. Maybe

    28.1%
  3. Not a chance

    21.9%
  1. docprego

    docprego Member

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    #1 May 27, 2019
    Last edited: May 27, 2019
    My current Alfa Rome Giulia lease is up in November of 2020. I’m figuring the 2021 Supra will be available around that time.

    I just went to BMW’s web site and the Z4 has 2 lease promotions. It stands to reason that the Supra might as well.

    What are your thoughts on Toyota leasing the Supra? Do you think it will happen?

    Thank you
     
  2. Supra60

    Supra60 Well-Known Member

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    There will definitely be leases available, but at what cost. Already asked my dealer about this and he said sure you could lease it but it won't be a good car to lease in his opinion. Better to purchase, at least right now. Will that change by 2021? Who knows at this point.
     
  3. jtsang25

    jtsang25 Well-Known Member

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    Why wouldn't it be a good car to lease? Just curious.
     
  4. XtremeMaC

    XtremeMaC Well-Known Member

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    sometimes they don't offer competitive pricing for leases...
     
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  5. Supra60

    Supra60 Well-Known Member

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    Exactly, that is what my dealer said. He said you can basically lease any vehicle, but if the manufacturer is not offering any incentives it would not be cost effective to lease. As is the case currently with the Supra. There is lots of demand and little supply, so no reason to offer incentives.
     
  6. OP
    OP
    docprego

    docprego Member

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    The launch year will definitely see NO incentives. However I am talking about leasing for the 2021 model year where demand will have cooled off to meet supply. At that point incentives will likely be available.
     
  7. Powaup

    Powaup Well-Known Member

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    So I kind of base this of looked at Tacoma leases to get an estimate on what the Supra will lease for and I came up with the following

    1. Toyota likes to do high Residuals but also high MF, we’re talking 0.00230 and 72-74% residual
    2. Toyota doesn’t offer 10k mile lease, 12k is lowest they’ll go
    3. As other have mentioned you won’t get many rebates so it might be pricey to lease but it won’t be as crazy as leasing an M2 for example

    My lease is on my m235 is up in September and I prefer to lease for a number of reasons so I will try to make things work. Hoping I can get something for $550/month with $5k drive off but we shall see

    https://forum.leasehackr.com/t/2019-toyota-tacoma-trd-pro-lease/120712/7

    https://forums.edmunds.com/discussion/52689/toyota/tacoma/2019-toyota-tacoma-lease-deals-and-prices
     
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  8. Ryanthetemp

    Ryanthetemp Well-Known Member

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    I know nothing of leasing, what’s the advantage? Cheaper payment on a car you don’t want to have forever or bother selling yourself? What if you fall in love and want to keep it can you “buy” it? Can there be a deal in there where you’ll save money in the long run?
     
  9. Supra60

    Supra60 Well-Known Member

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    Normally cheaper payments IF the manufacturer is offering incentives which they will not (at first) on the Supra. You know the buy out number when you sign your lease if you decide you want to buy it at the end. Think of it as a more costly way to do a three year test drive. Almost never better to lease and then buy in most (but not all) cases. Some people like the idea the car is always under warranty during the lease, and they can turn the keys in and get a new one at the end of three years.
     
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  10. OP
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    docprego

    docprego Member

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    I can't speak for anyone but myself and I don't claim to be a financial expert on leases but here's why I prefer to lease:

    1. I like to drive a brand new car every 2-3 years. I tend to get bored in about that amount of time. I suppose an argument could be made that you buy and then sell every 2-3 years but that just seems to be a much greater hassle. Again I am not claiming one is financially beneficial over the other, frankly that is not a huge factor to me.

    2. The warranty issue. Every car I drive is fully covered, that's peace of mind.

    So for me it's not a financial decision.
     
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  11. Enigmus

    Enigmus New Member

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    Exactly this. If you're into accounting you're thinking in terms of depreciation over the course of the years you lease it for. It makes more sense for people who have the disposable income and like newer cars without the hassle of having to sell their depreciated cars.
     
  12. DesmoSD

    DesmoSD Well-Known Member

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    Most sports cars have high residuals which make them not a favorable vehicle to lease. This is why sedans, compacts and SUV's are leased more.

    My old co-worker wanted a Mustang really bad. He was here on a H1B1 work visa (Indian dude, engineer w/his Masters, geeky as hell, drove a shitty used Corolla) and wanted to finally live the American dream. I went with him to 3 Ford dealerships and all of them talked him out of leasing a Mustang. He had to lease it b/c he wasn't sure how long he'd be here for. After many failed attempts, he ended up leasing a Infiniti Q50. :rofl:
     
  13. Powaup

    Powaup Well-Known Member

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    No easy answer, leases can be quite complex to wrap your head around because there are many factors involved with the process. You’ll have to do a good amount of research on your own and crunch some numbers to see if it makes sense for you.
    That said I would keep the following in mind:

    1. Less liability than buying out a car/financing.
    2. You want a high residual and low Money factor. The residual is the estimated price for your asset at the end of its lease so the higher the residual the less depreciation you’ll pay over the length of the lease. Money Factor (MF) is the interest rate, you also wanna get that to be low because who wants to pay interest.
    3. Don’t compare leasing a car to renting real estate: cars are depreciating assets while real estate (almost) always appreciates in value.

    If you rather not put a big amount of money down for something that’ll lose value in a few years or you like to switch cars every 3 years or if you can swing some tax advantages leasing might be for you. Checkout LeaseHackr.com lots of good info on there

    Good luck!
     
  14. alex2364

    alex2364 Active Member

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    Sounds like you don't know anything about leasing. High residuals is exactly why you would want to lease because you're paying for the depreciation of the car during the lease. High residuals would mean lower monthly payment. And if your co-woker doesn't know how long he'll need the car, then he shouldn't lease. A lease is a contract usually set for 24 or 36 months. If he needs to leave the country before the contract expires, he'll need to sell the car and pay the difference if it's below the buyout price or find someone else take over the lease. Either way it's more hassle then just selling the car outright if he financed it.
     
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  15. DesmoSD

    DesmoSD Well-Known Member

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    TBH, I've never leased a vehicle so going with my co-worker as they discussed numbers was the first time for me. I remember the salesman talking him out of a leasing a Mustang and it was about the residual value. The saleman kept suggesting to go with a Focus ST instead. From what my co-worker told me, H1B1 have a very short period of time to find another job if they are let go or else they have to go back to their country of origin. He also chose to lease b/c of his limited credit and lower down payment as well.
     

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