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Smart Shopper Smart Shopper-Archives Lease Questions - Ask Here 
23872 messages, Last post on Sep 20, 2005 at 8:08 AM
You are in the Smart Shopper-Archives Forum. Your Hosts are kirstie_h & tidester
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Replying to: Car_man (May 02, 2005 3:29 pm) I'm interested in getting a 2005 Toyota Sequoia (not sure yet which trim level but probably Limited RWD), which I will probably keep for only a couple of years, until the new version comes out (or the Lexus version, if there ever is one). I'd like to invest as little as possible on this vehicle, since I'll buy the next one and keep it for a long time. My wife will be the primary driver (stay-at-home mom) so mileage restriction isn't a problem. The "lease vs. buy" part says that I should buy because I'll save about $2.00/month, but I'm not sure if I can negotiate the money factor to my advantage for a lease. We're upside down on my wife's 2001 Highlander (bad lease prior to our new marriage) by about $5000 but we need a bigger vehicle for our blended family. What do you recommend we do? Thank you for your help. |
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Replying to: Car_man (May 03, 2005 3:28 am) I just noticed that Volvo seems to be subsidizing the XC90 as well. Have you looked at this lease? I know it was at the bottom of my list, but the 3rd seat is starting to win favor with my wife. I'd appreciate your opinion on the terms for this lease and your thoughts on being able to negotiate a lower cap cost. Lastly, I assume these terms can't be applied to other XC90 models (either the T6 or the V8). I'm anxiously awaiting the VW release of their latest offers as well. thanks john |
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In New Jersey, my mom went shopping for a Highlander AWD. The dealer provided the base money factor (.00106) and residual value of 62%, as well as a very fair selling price ($50 over invoice). However, they computed the residual value not on the full value of the MSRP ($31,690), but in the following way: 62% of base MSRP (before options) of $27,590 = $17,105.80. Approximately 28% of options of $4,100 = $1,148. Total = $18253.80, instead of 62% of $31,690 = $19,647. Is this standard Toyota Financial practice? Is this something the dealer has the option of doing? In other words, is it negotiable to have them residualize the entire dollar amount of the options/entire amount of the MSRP? Obviously, if this is done, then the lease amount will be lower (approximately $30-40/month or so). Also, now that we are into May, can I get the updated 36 month, 12k (and 10k if available) residual and money factor for the Highlander 4x4 6 cylinder (NOT Limited)? Thanks for your help. Damon |
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Car_Man While answering post 19786 re. Audi lease rates, please include this. My A4 Cabriolet, that was order came in to the dealer yesterday  Salesman says "I MUST SIGN CONTRACT AND TAKE DELIVERY TODAY!"  . Unfortunately it will mean I have to take the entire day today as I now have to get the transaction together for ending my current Chrysler Sebring lease early. I had put together an agreement for Carmax to buy car directly from Leasing company, and I will not have any liability I will have to get everything redone as I will need a new appraisal and then Carmax has to get in touch with leasing manager etc etc. Then I will have to get my New Audi and finalize. So is the Salesman correct in saying that it has to be done today? On Monday the same salesman said " the car is being shipped and should be in May 9th, and I would have the same lease deal that we agreed on" . So does the car being at the dealer change there ability to hold a lease program? Need to know ASAP as I would have to make this my activity for today? As always thanks, Gary W |
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Hi fish8. This particular discussion is for community members who want to discuss leasing. For answer to questions about automakers' incentive programs, visit the following discussion: "Rebates, Incentives, APRs - Questions & Comments". Thanks. Car_man Host Smart Shopper Forum |
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Damon, the salesperson that your mother was working with was unfortunately telling the truth. While most banks calculate vehicles' residual values using a percentage of their full MSRPs, Toyota Financial Services' residual values are based upon a percentage of vehicles base MSRPs. It places limits on the amount of money that can be residualized for many options. This often makes vehicles a little more expensive to lease through TFS than they would be using the same program, but another bank's residualization policy. Individual dealers do not have the option to change this. Car_man Host Smart Shopper Forum |
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Hi frank310. BMW just introduced its new May lease program yesterday. I have not had an opportunity to take a close look at it yet. If you would like, please feel free to post a reminder in this discussion for me later on this week and I will be more than happy to fill you in on what I have been able to find out about the new program. Car_man Host Smart Shopper Forum
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Hi keystone. Honda just introduced its new May lease program yesterday. I have not had an opportunity to take a close look at it yet. If you would like, please feel free to post a reminder in this discussion for me later on this week and I will be more than happy to fill you in on what I have been able to find out about the new program. Car_man Host Smart Shopper Forum |
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Hi steevo. Nissan just introduced its new May lease program very late yesterday. I have not had an opportunity to take a close look at it yet. If you would like, please feel free to post a reminder in this discussion for me later on this week and I will be more than happy to fill you in on what I have been able to find out about the new program. Car_man Host Smart Shopper Forum |
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You're welcome, ch7656. I haven't seen the new May program yet, but I expect to within the next couple of days. Check back with me late this week and I should be able to tell you what the Odyssey's new lease program is like. Talk to you soon. Car_man Host Smart Shopper Forum |
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