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Did I get screwed on my lease?

Discussion in '5th Gen 4Runners (2010+)' started by rocket4runner, Aug 14, 2019.

  1. Aug 14, 2019 at 10:16 AM
    #1
    rocket4runner

    rocket4runner [OP] New Member

    Joined:
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    Male
    Vehicle:
    2017 4Runner TRD Off-road
    So long story short, I leased a new trd off road late in '17, it was a rush job and I'm wondering now why I owe so much and what I should do if I decided to keep it past my lease.

    I put 5k down, and will pay a total of 25k for my 3 years lease including my deposit. After my 3 years is up, the contact says I can buy it for another 25k....

    That's 50k for a MSRP of only 40k. Did I screw myself? What should I do, can I renegotiate after my lease is up?

    I know I should have asked these questions on singing but to be honest, I rushed it and just wanted to hop in the car and go.
     
  2. Aug 14, 2019 at 10:34 AM
    #2
    Trd off road iowa

    Trd off road iowa New Member

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    Sounds like you got screwed. I just leased a 19 trd off road 1900 down 3 years 36000 miles can buy it for 28k sticker was 42k
     
  3. Aug 15, 2019 at 7:06 AM
    #3
    DGP1961

    DGP1961 New Member

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    Yup most leases work like that dealers love to lease. Can you negotiate...Yes... but you won't bring it down to where you'd expect to be. Sounds like your going to over pay if you absolutely must have it or just give it up and walk if you can. I've leased a few things in years past but they were no money down 200.00 a month vehicle which I knew I was giving back so no biggie.
     
  4. Aug 15, 2019 at 7:33 AM
    #4
    SCMountaineer

    SCMountaineer New Member

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    Vehicle:
    2018 SR5 Premium 4WD
    TRD pro wheels, vinyl wrapped front grille and fender flares, canvasback liners
    Not the best deal, but leases rarely are. If it's any consolation, paying 25k for a 3 year old 4Runner is a bargain. (Which is also why you won't have any luck renegotiating. Toyota can get more than 25 for it from someone else.)
     
  5. Aug 15, 2019 at 7:49 AM
    #5
    wawuzit

    wawuzit New Member

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    First Name:
    steve
    Vehicle:
    2019 Blue 4 runner
    none
    Why would you buy after the lease? They have already screwed you to death , are you now going to do it again? They will sell it to you for $25k. Better read that offer again. If you purchased the off road to really use it off road during the 3 years lease , when you turn it in they will present you with a damage bill. Dents, paint , bodywork, tire wear, etc. When you say I don't want it any longer that's when the kill shot takes place.
     
    Last edited: Aug 15, 2019
  6. Aug 16, 2019 at 5:59 AM
    #6
    karmatp

    karmatp New Member

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    First Name:
    Trevor
    Arizona
    Vehicle:
    2016 SR5 4x4
    TRD wheels, 265/70/17 KO2's, Bilstein 5100's .85
    Leasing=screwed
     
    Strandskov and Joey_B like this.
  7. Aug 18, 2019 at 4:53 PM
    #7
    dogguy12

    dogguy12 New Member

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    depends if u dont want to keep the car. the cardinal rule of personal finance never buy depreciating asset. some buy some lease doesnt really matter u leave give back lease something else good for someone changing cars pros/cons on both
     
  8. Aug 19, 2019 at 5:05 AM
    #8
    Palerider

    Palerider New Member

    Joined:
    Feb 24, 2016
    Member:
    #1615
    Messages:
    678
    Gender:
    Male
    First Name:
    Mark
    Vehicle:
    2016 TRD PRO quicksand
    Installed Rago brackets and 4" cube ditch lights. Weather tech mats. Cargo net. Cargo mat. Ordered Gobi rack with ladder.
    Only lease if you know you are giving the car back and if you don't go over the allowed mileage. Keep it in great condition so they won't take advantage of you when you return.
     

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