Hello sdpacswimmer, Toyota is the only Lease provider ! They do not have competition due to I'm clueless as to why but other financial institutions that offer lease deals to customers on any ICE vehicles shy away from "Hybrids" I believe that the major banks decision makers thinks that the "Hybrids" are very difficult to "Auction-Off" the lease returned buch of Prius... Therefore the residual value of Toyota Prius from Toyota Financial Services are _Low_Balled_ I believe and seen that Othersdpacswimmer said:Hi there! I'm planning on buying a Prius in the spring and am researching financing options for the car. I'm exploring leasing a car for a number of reasons, but I have a question on the issue of residual value and the Prius.
It's clear from looking at used-car ads that the Prius holds value exceptionally well-- 2004 model vehicles have asking prices comparable to what they were sold for. Granted, this is southern California and the market for hybrids is tight.
My question is this: lease payments are determined by the remaining value on a vehicle at the end of the lease term. Do dealers use a rigid formula for determining residual value, or would a Prius lease be even more economical considering how well the cars hold their value?
I realize this is a speculative question, but I think it's one worth considering-- I wouldn't want to lease a car and pay more because Toyota won't acknowledge how well the cars retain their value.
Thoughts? Insights? Things I'm overlooking?
Toyota ICE vehicles has a much _Higher_Residual Value thus your monthly payments are _Lower_ in a conventional vehicle but NOT in a Prius. ! Also Toyota offers a "Cut Throat" special $money$ rate on the ICE vehicles that they want to "Push" Not on the Prius though, Prius sells by it-self-No need to offer any inflated "Residuals" nor $Money$ rates.
More questions please ask, I'm with Toyota Sales,Finance,Lease for over 26 years ! Glad to offer my insights to all PriusCentis .....