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Toyota Highlander Lease Questions

284 messages,  Last post on Jul 05, 2008 at 4:07 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#265 of 284
Re: Is this GOOD lease? [dacarpenter] by bigdadi118
Apr 18, 2008 (9:35 am)
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Replying to: dacarpenter (Apr 17, 2008 11:16 pm)

MSRP : 27,965
SELL PRICE : 22,488
The deal is off due to trad-in problem.
I didn't even ask the residual because Toy dealer offered trade-in 15,000 on MSRP 26,000 ... 07 Honda Odyssey LX w/7,300 mi.
 
Can't believe Odyssey has a depreciation of 11,000 for just 9 months. They want to make a big profit on the ODY trade-in. Kelly Blue Book is 21,000
#266 of 284
What should I expect? by omegadirective
Apr 22, 2008 (9:41 pm)
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I am trolling dealers by email for a quote on '08 Highlander , Sport, 4x4, with leather and navigation. Most vehicles they have quoted are packaged with other options I don't really need, e.g. sunroof, tow package. In any case, I am being quoted an average price around $35,500 which is quite higher than Edmunds' TMV of about $34,800 and invoice of $33,545. I am hoping to lease rather than finance and my questions are:
   
a) What kind of lease terms would be considered good for a highlander in this price range?
b) Should I haggle with the dealers about the price first, and then work out the lease, or just try and get lease terms that are acceptable to me. I am new to leasing and am unfamiliar with its nuances.
#267 of 284
..need ideas on how to negotiate a fair lease. by svofan2
Apr 25, 2008 (9:10 am)
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Hi, all, here I am again trying to find out what lease deals are available in the northern Nj area in leasing an 08 Highlander Limited with dvd and nav....These forums were very helpfull to me in getting a good lease on my 2008 Sienna Limited.
Any help and advice from other expiriences will be greatly appreciated.
Please provide delership and sales person if it is posible...
Thanka a bunch.
#268 of 284
Re: ..need ideas on how to negotiate a fair lease. [svofan2] by the_b_man
Apr 30, 2008 (4:17 pm)
Reply

Replying to: svofan2 (Apr 25, 2008 9:10 am)

Do NOT buy in NJ!!! See my deal below:
 
I have found this forum very helpful so I hope my experience helps:
  
Highlander Base 4x4 with options for an MSRP of $31,500
36 month
12 k mileage / year
GAP insurance
  
Purchased in PA but title, tax for NJ (do not buy in NJ they will not deal, I saved over $800 plus I got more options-- I was told in NJ you can't get a base model with a power driver seat--- simply not true!!!)
  
$200 down, $398 / month.
  
I'm pretty sure this is an amazing deal. I don't think I could have done any better. They "lost" money on this.
  
I contacted dealers in 4 different states to get this deal. The dealerships on the mainline outside of philadelphia were the best.
  
Good Luck!
#269 of 284
MF and Residual for a 2008 Highlander Limited by bbutash
May 05, 2008 (3:13 pm)
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Can anyone post the current MF and Residual for a 2008 Highlander Limited?
  
Thanks
  
- B
#270 of 284
MAY Highlander Special Leasing Base Trim $269/mo by bigdadi118
May 05, 2008 (7:49 pm)
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from Manufacture www.toyota.com
 
Shopping Tool > Local Specials > Enter ZIP "GO" > MAY Special Offer on Left side, click Highlader - Lease > Can print out the offer
 
Lease a new 2008 Toyota Highlander for just $269.00 a month. 36-month closed end lease on Highlander model #6948. $1999.00 due at signing which includes first month’s payment of $269.00, acquisition fee of $550.00, customer capitalized cost reduction of $1,180.00, and security deposit of $0 with the following optional equipment: 50 State Emissions, Convenience Package, Cold Weather Package, Engine Immobilizer, Daytime Running Light Package. $25,442.00 adjusted capitalized cost assumes dealer participation, which may vary. MSRP $29,925.00 includes destination charge. 36 base monthly payments total $9,684.00. Your payment may vary depending on final price. Base monthly payments of $269.00 does not include tax. Taxes, license, title, insurance, regionally required equipment, and other dealer’s charges are extra, and are not included in the amounts shown. Lessee pays maintenance, excess wear and tear and $0.15 per mile charge for all mileage over 12,000 miles per year. Lease end purchase option $16,775.00. Program only available to customers with well qualified credit through Toyota Financial Services. Not all customers will qualify. Delivery must be taken from dealer stock by 6/2/2008 and is subject to availability. Customer's final payment may be higher or lower, depending on final transaction price. Offer cannot be combined with other special offers. See your participating Toyota Dealer for more details.
#271 of 284
Re: 2008 Highlander Residual Factor [ocautoseeker] by jmcclenahan
May 21, 2008 (5:53 pm)
Reply

Replying to: ocautoseeker (Jan 11, 2008 8:39 pm)

ocautoseeker,
 
I found this post from Jan where you said you could get the exact TFS residual for a given VIN. Can you get me the (36m/12k mile per year) residual for JTEES42A782035658 ?
 
Thanks!
#272 of 284
Re: car man please help us [insearch] by Car_man HOST
May 27, 2008 (3:18 am)
Reply

Replying to: insearch (Apr 14, 2008 6:38 am)

Hi insearch. Toyota's lease program for the 2008 Highlander varies by region. In many areas, Toyota Financial Services' current buy rate for it is .00137 for consumers who qualify for its "Tier 1+" credit tier, but some areas have better rates than this. The lowest money factor that I have seen for this truck right now is .00067. If you let us know what state you are in, I am sure that either myself or another knowledgeable community member would be happy to try to give you an idea of what this vehicle's buy rate is in your neck of the woods.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#273 of 284
Re: MF and Residual for a 2008 Highlander Limited [bbutash] by Car_man HOST
May 27, 2008 (3:29 am)
Reply

Replying to: bbutash (May 05, 2008 3:13 pm)

Hi bbutash. Toyota's lease program for the 2008 Highlander varies by region. In many areas, Toyota Financial Services' current buy rate for it is .00137 for consumers who qualify for its "Tier 1+" credit tier, but some areas have better rates than this. The lowest money factor that I have seen for this truck right now is .00067. If you let us know what state you are in, I am sure that either myself or another knowledgeable community member would be happy to try to give you an idea of what this vehicle's buy rate is in your area.
 
As far as this truck's residual values go, they vary by term, mileage allowance, and trim level so you are going to have to be more descriptive for us to give you an accurate idea of what they are right now. To be honest with you, Toyota Financial Services' residual value percentages are not that useful for consumers to know anyhow. This is because that TFS places restrictions upon which options can be residualized making it tough for anyone other than dealers to calculate models actual dollar residual values.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#274 of 284
MF and Residual for Highlander Sport with options in GA? by rrherr
May 31, 2008 (7:33 pm)
Reply
Thanks for all the great input. Can anyone post MF and residual value for HL Sport in Atlanta area. Looking for a lease, likely 48 months.
 
One dealer offered $477/month including tax, no money down for 48 mo, 12k mi/yr lease of Highlander Limited with options, no nav. This sounds pretty competitive. I would really like to be under $400/mo including tax and figured the Sport with leather may be a way to get there. Is it possible?
 
Also, we put very few miles on our car (20k on current 36 month lease ending this month) and would consider 10K miles/yr. Will this help lower the monthly payment enough to make a difference (assuming a dealer will offer it)?

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