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07 Camry LE V6 lease deal advise
MSRP 26009 (LE v6 with JBL and stability control)
Price 23209
Residual 13918
36 month, 15k/year
MF .0092
Acq Fee, 550
MD tax 5% + 220tag fee
dealer processing 99
Nothing down, all rolled into the lease. Monthly lease payement $350. Just pay the first month lease and drive off.
I have never leased before but it seems the MF is very good, about 2.4% APR. I thought the residual value is a bit low, aobut 54% of MSRP after 3yr and 45k or is that pretty standard. I am assuming the leasing company(toyota finance)set the residual value. How do you expert think about this deal? I can pay the car with cash but with 2.4% APR, why not put the cash in the bank and earn 5%. Would you do the same? Did I miss something? thanks.
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