Did I get a good deal on my new Toyota Corolla?

T

Tom

New member
I just leased a new 2010 Toyota Corolla LE and am wondering what everyone thinks...

Selling price: $16,150
Residual price: $11,053
Monthly payment: $121.78
Down payment: $0.
Trade-in: 2,200 for a 2003 Chevrolet Cavalier 4D automatic with 104k miles.

@ 36 months for 36k miles.

Plus 2,500 in free maintenance over two years.
Lifetime power-train and power locks warranty.
36k miles bumper to bumper warranty.


Please let me know what you think, thanks.
What does that mean fivedollarfootlong?
 
Tom,

You did put $ down- $2, 200 actually for your old car that they probably sold for $3, 000. At $121.78 month X 36 months is about $4k + 2k = 6k- maintenance is negligible for 3 years- oil changes. In my opinion this is not such a hot deal. Toyota should be giving away their cars these days- I would have said $95/month with $10, 000 buy out + your car= good deal. It probably costs them 5k to manufacture a Corolla.
 
looks like you did good tom, just keep on top of the payment and enjoy your new ride, got a decent trade in price for the cavalier cant argue there good luck, buy you should have bought a v8!!!
 
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