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Truck Lease Math Question

TTUGuy33

Techsan
Gold Member
Apr 28, 2010
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38,478
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Prosper, TX
I have a tiny company car right now, work from home, and don't drive many miles anymore. I really miss my truck and was looking into leasing options at the various dealers around where I live. So I get some offers back from the dealers and the math doesn't make sense to me so I'm hoping some of you with a better grasp on this can explain it to me like I'm 5. By the way, the numbers aren't exact, just trying to illustrate my confusion.

Toyota quoted me about 37K and a 36 month lease with $1500 down and it came out to about $605/Month

GMC quoted me for 43K and a 36 month lease with $1500 down and it came out to $535/Month

How can Toyota's lease quote be 14% higher when their price is 15% lower than GMC?


Do companies use different lease rates? If I showed Toyota GMC's lease quote, would they honor it or are they stuck where they are?
 
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