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Toyota Highlander, Car Leasing, SUV
Dec 16, 2006 (5:02 am)
Hi izzydog. Toyota is no longer providing lease support on the 2006 Highlander. It does have a special lease program on the 2007 model though. If you really want to lease, you probably will be better off leasing an '07. Toyota Financial Services' money factors vary by region, but in most areas its special buy rate lease money factor for the '07 Highlander is .00175. TFS' 36 month, 12,000 mile per year residual value for the 2007 Highlander Limited 4WD is 58%. this is only the residual value for a base model though. TFS places restrictions on what options can be residualized and caps on the values of the ones that it does allow. This makes calculating lease payments on leases through TFS very difficult unless you are a dealer. Dealers are given lists of the actual dollar residual values for the vehicles that they have in inventory.
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#135 of 702 Re: Lease '06 Highlander Sport [blackexv6]
Dec 16, 2006 (6:57 am)
Hello blackexv6. Toyota's lease program varies depending upon which one of its twelve regions one is in. As long as you are not in Toyota's Southeast region, and I don't believe that you are, Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a base 2007 Toyota Highlander 4WD with 12,000 miles per year are .00175 and 60%, respectively. Normally, one could plug a bank's money factor and residual value into a lease calculator, along with a vehicle's MSRP and selling price, and figure out what its monthly payment should be. Unfortunately, it is not that easy to calculate leases through TFS. It places restrictions upon which options can be residualized and caps on the prices of ones that it allows. Calculating the residual values of Toyota models is so complicated that TFS actually provides dealers with a list of the dollar residual values for vehicles that they have in inventory. So these are the numbers, but they won't help you much in your calculations.
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#136 of 702 Re: Lease '06 or '07 Highlander - [automophile]
Dec 16, 2006 (7:32 am)
Greetings automophile. Toyota's lease program varies depending upon which one of Toyota's twelve regions one is in. Having said this, the 2007 Highlander Hybrid's lease program seems to be fairly consistent outside of the Southeast region right now. As long as you aren't in the Southeastern U.S., this is what this truck's lease program should look like. Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a base 2007 Toyota Highlander Hybrid 4WD (not the Limited model) with 15,000 miles peer year are .00175 and 57%, respectively. Unfortunately, TFS calculates vehicles' residual values differently than other banks do, making it difficult to estimate what their monthly payments are. The residual value percentages that it publishes are for "base" models without any options. It places restrictions upon which options can be residualized and caps on the ones that it allows. Calculating the actual residual values for Toyota vehicles is so complicated that TFS actually provides dealers with a list of the actual dollar residual values for every vehicle that they have in inventory rather than having them calculate residuals themselves. So those are the numbers, but unfortunately, they won't help you estimate what this truck's payment should be.
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#137 of 702 toyota highlander lease
Mar 14, 2007 (3:04 pm)
does any body can tell me what is the best price to lease toyota highlander? I live in long island NY.
#138 of 702 Re: toyota highlander lease [mehrishis]
Mar 22, 2007 (2:43 am)
Hi mehrishis. When you ask what the best price is for this truck in your area, I suspect that you are talking about its monthly payment. This truck's lease payment will vary depending upon what trim level you get, how long you lease it for, what mileage allowance you need, and how low a price you are able to negotiate on it. In its New York region right now, Toyota is advertising a lease payment of $289 per month for 36 months with $1,999 due at lease signing for an '07 Highlander 4WD with 12,000 miles per year. If you are interested in a similar truck, there is a good chance that you will be able to negotiate a lower selling price than the one that this lease is based upon. If so you will be able to beat this payment by a few dollars per month.
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#139 of 702 Is Highlander price goes down with '08 coming
Apr 17, 2007 (9:19 pm)
I want to lease a basic Highlander, I just wonder what is current TFS leas programs (36 m/12K/year/ California) and if I should wait 2-3 months till new models coming and price of '07 going down?
#140 of 702 Re: Is Highlander price goes down with '08 coming [tmodesto]
Apr 25, 2007 (2:45 am)
Hi Tom. Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a base 2007 Toyota Highlander 2WD with 12,000 miles per year in Southern California are .00175 and 54%, respectively for consumers who qualify for its Tier 1+ credit tier. Unfortunately it is difficult to use TFS' lease program to estimate vehicles' monthly payments because the residual values that it publishes are for base vehicles. It places restrictions upon which options can be residualized.
I personally don't think that you have much to gain by waiting a month or two to lease your Highlander. Toyota's special lease program on it hasn't changed in a while and I do not personally anticipate it being enhanced in the next month or two. Plus in a competitive market like California one can probably get an '07 Highlander for pretty close to dealer invoice already. As a disclaimer, it is difficult to predict exactly what manufacturers will do with their future incentive programs with 100% accuracy .
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#142 of 702 Lease of 2007 Toyota Highlander Hybrid 2WD 4dr Limited w/3rd row (Natl)
May 15, 2007 (1:48 pm)
I recently entertained the idea of purchasing a 2007 Toyota Camry Hybrid (can't beat those mpgs!) but realized between carrying around all my work gear, the trips to Costco and the weekend camping trips for Scouting that the 10 cu. ft of trunk space wouldn't do it! I would like to lease the 2007 THH Limited w/3rd including leather, navigation, moonroof for 24-36 months since the new THH version is due Fall 2007 (I'll let them work out the bugs!). What I would like to know is how is Toyota Financial Services for a leasing company (I've only dealt with BMWFS) and should I immediately disclose that I'll be leasing or should I negotiate for the lowest price first and then tell them I'll be leasing? I know that the invoice w/options is $33,835 and the MSRP is $37,795. I also know that these prices include a 3% markup due to Holdback (2%) and Wholesale financial reserve (1%). My taxable rate is 6.75% Kendall County (IL) Would it be in my best interest to lease with the intent of turning it in for the newer model or to purchase and hopefully trade-in or sell in 2-3 yrs. My credit score is excellent and my financing options are 4.5-5.6% APR. I see that I could also be eligible for 1.9% or $1500 rebate cash to customer. Have you heard of James Bragg and fightingchance.com ? Can you give me a breakdown of the lease (money factor, etc.). Thank you for your attention to this matter. I look forward to your reply.
#143 of 702 Re: Lease of 2007 Toyota Highlander Hybrid 2WD 4dr Limited w/3rd row (Natl)
May 22, 2007 (1:20 am)
Greetings Natl. Toyota Financial Services is a good bank to lease through. I haven't seen any consumers complain about working with them. The only problem with TFS is the way that it calculates vehicles' lease payments. It is difficult to estimate how much a vehicle should cost to lease through TFS because the residual value percentages that it publishes are for base vehicles. It places restrictions upon which options can be residualized. The way that it calculates vehicles' residual values is so confusing that it provides dealers with actual dollar residual values for every vehicle that they have in stock.
There's nothing wrong with telling the dealer that you are working with that you want to lease your new Highlander, jut make sure that you negotiate the lowest possible selling price on it rather than letting the dealer try to get you to focus on just the payment.
Toyota Financial Services' lease program varies by region. I have not seen its specific program for its Chicago region recently, but in most areas its buy rate lease money factor for the 2007 Highlander Hybrid is .00175 for consumers who qualify for its "Tier 1+" credit tier.
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