jmp8822 Posted April 29, 2017 Posted April 29, 2017 An anecdote on leasing regarding my 2016 Camry: the residual that Toyota Financial says the vehicle will be worth in six months, when my two year lease ends is $18,298. It is probably worth $15,500 at auction right now. So, I will turn the Camry in and lease another Camry or a different vehicle/brand. Toyota Financial will swallow a $3,000+ market value loss on my vehicle. My total payments over 2 years including sales tax will be $3,000. This example is happening to many captive finance companies and is dragging down residuals on new leases and hurting used values - Toyota included.
shalab Posted April 29, 2017 Posted April 29, 2017 Own two toyota's in the family - the first one needed major repairs but went to 175K miles. Own a nissan and toyota now. GM/Ford etc. are not bad if you want to drive 100K miles and could be quite cheap. Also GM driving experience is better than Toyota. Used a Chevy Cruise and it was great to drive.
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