Originally Posted by MTL_Sienna
Looks like I will opt for the XSE Hybrid too for my next car, just waiting for the lease financing rate drop to 1% or 2%. Blueprint with a black roof looks fantastic!
me too, but I like Black / White or Black / Silver.
BTW, I am going to use the Multiple Security Deposit to drop the lease rate.
Toyota support the Multiple Security Deposit, I checked with dealer, per $550 deposit can drop the lease rate 0.15%.
Maximum 10 deposit, $5500 security deposit can reduce the lease price 1.5% totally.
Detail info here:
What is it?
Multiple Security Deposits is a payment made in advance to lower the interest rate on a lease therefore lowering your monthly payments. The deposit is fully refundable. Toyota allows guests to make up to 10 security deposits. You will receive your deposit back at the end of your lease terms. In most leasing contracts, the security deposit is equal to one monthís payment.
Multiple security deposits can yield significant savings, especially on higher MSRP vehicles.
Example of a Multiple Security Deposit:
In the case of a 48-Month lease 24,000km on a 2019 Corolla LE Base
Original Rate = 3.49%
Standard Security Deposit = $300 for maximum of 10
Deposits/$ Total = 10 deposits of $300= $3000
Rate Reduction = 1.5%
New Rate =1.99%
Payment with $0 Down = $374.37/Month
Payment with 10 Deposits = $351.50/Month
SAVINGS (over term) = $1,097.76
Security Deposit to be returned at lease end = $3000