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Toyota Highlander Lease Questions

302 messages,  Last post on Sep 04, 2008 at 1:19 PM

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What is this discussion about? Toyota Highlander, Car Leasing, SUV

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#150 of 302 NC or VA? by ratbastid Sep 06, 2007 (2:34 pm)
I'm in Greensboro NC, about 20 minutes from the VA border. I understand that NC is in Southeast Toyota territory. Will I be better off leasing from a dealership just over the border (say, Danville) than one of my local guys? What's a lease on a $33-$34k Highlander going for these days, on a monthly basis? Replies to this message: Car_man (Sep 19, 2007 3:20 am)
#151 of 302 2008 HL (Southeastern - PA) AWD Limited by acacia379 Sep 11, 2007 (8:29 am)
Just starting the process...any help would be appreciated. Looking at a 15,000 36 month lease. Two dealers close to home but I dont mind a 50+ mile range to shop.   No NAV or Entertainment package....where should I be with a value on this vehicle? Silver Metallic...also what MF and residual should I use.   Thanks, Replies to this message: Car_man (Sep 19, 2007 3:31 am)
#152 of 302 Lease rates by jim53 Sep 11, 2007 (10:06 am)
what is the money factory and residual % for a 2008 Highlander Sport assuming 12K miles per year for both a 36 (or 39 month if available) and 60 month lease. Replies to this message: Car_man (Sep 19, 2007 3:37 am) dessauer (Sep 28, 2007 8:25 am) Car_man (Oct 25, 2007 3:56 am)
#153 of 302 Re: Car-Man I need numbers, Please! [bodid] by Car_man HOST Sep 19, 2007 (3:16 am)
Replying to: bodid (Aug 18, 2007 11:01 pm) Hey Bo. Toyota is not providing lease support on the new 2008 Highlander. That means if you want to lease one through Toyota Financial Services, you will have to use its standard lease program. I haven't seen its standard money factor for your area lately, but I suspect that its buy rate for Tier 1+ customers is probably around .00275.   TFS' current buy 36 month, 15,000 mile per year residual value for the 2008 Highlander Limited or Sport 4WD is 58%. Keep in mind though that unlike most banks, Toyota only publishes residual values for base vehicles. It places restrictions upon what options can be residualized. This makes calculating actual dollar residual values for Toyota models difficult, so much so that it provides its dealers with actual dollar residual values for the vehicles that they have in stock rather than having them use the residual percentages to calculate them.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#154 of 302 Re: NC or VA? [ratbastid] by Car_man HOST Sep 19, 2007 (3:20 am)
Replying to: ratbastid (Sep 06, 2007 2:34 pm) Hi ratbastid. I am not a big fan of Southeast Toyota. They tend to add unnecessary packages to vehicles to pad their prices. I personally would rather purchase from a dealer outside the Southeast region if possible, however I do not know if you are allowed to do so. Most dealers use the state of residency as the basis to determine the regional incentives that consumers qualify for. Toyota is a little different in that SE Toyota is an independent distributor so you might be able to get away with purchasing out of your region. Unfortunately, I don't know how this works. Try e-mailing a dealer or two outside of your area and ask them how it works. I'd love to know what you find out if you wouldn't mind stopping back and sharing with us.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#155 of 302 Re: 2008 HL (Southeastern - PA) AWD Limited [acacia379] by Car_man HOST Sep 19, 2007 (3:31 am)
Replying to: acacia379 (Sep 11, 2007 8:29 am) Greetings acacia379. Toyota is not currently providing any lease support on the new 2008 Highlander. As a result, if you were to lease one through Toyota Financial Services, you would have to use its standard lease program. I haven't seen its standard lease money factor for your specific area recently, but I suspect that it is currently around .00250 to .00275 for consumers who qualify for its Tier 1+ credit tier. TFS' current 36 month, 15,000 mile per year residual value for an '08 Highlander Limited AWD is 58%. Keep in mind though that TFS only publishes residual value percentages for base vehicles. It places restrictions upon which options can be residualized, making it difficult to calculate actual dollar residual values for specific vehicles.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#156 of 302 Re: Lease rates [jim53] by Car_man HOST Sep 19, 2007 (3:37 am)
Replying to: jim53 (Sep 11, 2007 10:06 am) Hello jim53. Toyota is not currently providing any lease support on the new 2008 Highlander. As a result, if you were to lease one through Toyota Financial Services, you would have to use its standard lease program. I haven't seen its standard lease money factor for your specific area recently, but I suspect that it is currently around .00250 to .00275 for consumers who qualify for its Tier 1+ credit tier. TFS' current 36 month, 12,000 mile per year residual value for an '08 Highlander Sport AWD is 60%. Keep in mind though that TFS only publishes residual value percentages for base vehicles. It places restrictions upon which options can be residualized, making it difficult to calculate actual dollar residual values for specific vehicles.   Sixty months is way too long to lease any vehicle for. Not only will your truck's basic warranty have expires by the end of your lease, forcing you to pay to fix any non-powertrain problems that your vehicle has out of your own pocket or possibly have to pay an excess wear and tear penalty, but a lot can happen over the course of five years. Your commute for work could change causing you to go way over your mileage limit or waste miles that you have paid for, gas prices could skyrocket causing you to want a more fuel efficient vehicle, you could just plain become board with your vehicle, etc. I always advise consumers to stick to 36 to 39 month leases, 48 months at the longest.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: dessauer (Sep 28, 2007 8:25 am) Car_man (Oct 25, 2007 3:56 am)
#157 of 302 Re: Lease rates [Car_man] by dessauer Sep 28, 2007 (8:25 am)
Replying to: Car_man (Sep 19, 2007 3:37 am) I just got a money factor of 2.14 on a 48 month lease, 42% residual on a 2008 Highlinder--I don't have a good frame of referrence, can you help? Thanks   Regards, dessland13 Replies to this message: Car_man (Oct 25, 2007 3:56 am)
#158 of 302 ...we are now in Ocotober.... by svofan2 Oct 15, 2007 (11:22 am)
any news on lease numbers in the Northeast?....residual,money factors etc?....any news on Toyota providing any subsidies for the Highlanders?.. Thanks anyone.. Replies to this message: Car_man (Oct 25, 2007 3:58 am)
#159 of 302 Planning to Lease HL Limited 08 by iowabuyer Oct 16, 2007 (8:03 pm)
I am planning to lease a 08 HL Limited with Nav and DVD. Can someone help me out. Prices are all over the place.    Anyone from Iowa who got a good deal? One dealer asked for $5000 down (included tax,title, etc) with $590/M. It was Limited, DVD, Nav, Moon Roof, i.e. fully loaded. I backed off as it appeared too high to me.    As there is no lease offers on 08 from Toyota, what is the best way to calculate the right price?   Thanx. Replies to this message: Car_man (Oct 25, 2007 4:19 am)

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