Toyota Tundra Capstone Lease Costs Nearly $1,200 A Month
If you’re looking to lease the most expensive Toyota Tundra Hybrid, you might end up paying upwards of $1,100 per month. According to Toyota’s online payment estimator, a fully loaded Tundra hybrid may actually have a higher monthly payment than a loan, which may make it cheaper to buy than to lease.
On paper, the 2022 Tundra Hybrid Capstone is listed at $1,079 for 36 months with $3,729 due at signing. This is based on an MSRP of $75,225 including destination, and has an effective cost of $1,183 per month. Oddly enough, that’s actually quite a bit more expensive than Toyota’s estimated loan payment for the same truck.
Meanwhile, the loan for the Tundra Hybrid Capstone is quoted at $1,143 per month with $0 down payment when it takes advantage of its first financing agreement of 2.99% APR for 72 months. While this is certainly not an apples-to-apples comparison, buying the new Tundra Capstone might seem more appealing to buyers.
Still, depending on your priorities, a charged Ford F-150 Hybrid might be a better deal. Ford’s online lease price estimate for the F-150 Limited PowerBoost 4×2 is $931 for 36 months with $8,960 at signing. That works out to $1,180 per month before taxes and fees, $3 less than the Tundra despite an MSRP just over $80,000.
That said, these are only estimates and the truth is that most consumers can suffer profit margins due to out of stock. Therefore, there could be material differences between a car manufacturer’s largely theoretical estimates and what you should reasonably expect to pay given market conditions.
As CarsDirect previously reported, 2022 Tundras benefit from some outstanding residual values, and the company advertises Tundra rentals starting at $359 per month in select areas of the country. However, the actual selling prices and other variables like the monetary factor will have direct effects on the price you will pay.
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