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Toyota Highlander Lease Questions

285 messages,  Last post on Jul 06, 2008 at 5:33 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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#270 of 285
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 285
Re: 2008 Highlander Residual Factor [ocautoseeker] by jmcclenahan
May 21, 2008 (5:53 pm)
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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 285
Re: car man please help us [insearch] by Car_man HOST
May 27, 2008 (3:18 am)
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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
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Prices Paid: Buying & Leasing Experiences Forum
#273 of 285
Re: MF and Residual for a 2008 Highlander Limited [bbutash] by Car_man HOST
May 27, 2008 (3:29 am)
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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
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Prices Paid: Buying & Leasing Experiences Forum
#274 of 285
MF and Residual for Highlander Sport with options in GA? by rrherr
May 31, 2008 (7:33 pm)
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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)?
#275 of 285
Residual Seems Low by dmilani
Jun 02, 2008 (5:52 am)
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I was quoted 37171.10 for a Limited with NAV (MSRP is 40816). I got Tier 1 MF of 0.00067, but the Residual for 36/12,000 is 19974.00.
 
Does that seem way too low? I'm in MA.
 
Thanks.
#276 of 285
Re: Residual Seems Low [dmilani] by jmcclenahan
Jun 02, 2008 (6:09 am)
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Replying to: dmilani (Jun 02, 2008 5:52 am)

I just leased (36m/12k) almost the same vehicle (Limited with NAV, but no DVD). MSRP was $40,310. I also neg. a hitch receiver for a bike rack we have at no additional cost (about $200 of additional value). I paid $37,888 with $1557 total out of pocket (including first month's payment).
 
The residual was exactly the same - $19,974. Money factor is .00117 and payment is $599 per month.
 
I am in lower CT (NYC area).
 
So I think your price of $37,171 is good and the money factor is great (is this TFS or another lessor? Rates do vary by region so maybe they are better in MA), but how much do they want out-of-pocket? Be careful they don't try to add-on bogus fees.
#277 of 285
Re: Residual Seems Low [dmilani] by mdhutton
Jun 02, 2008 (4:52 pm)
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Replying to: dmilani (Jun 02, 2008 5:52 am)

I got HL Ltd w/Nav & Sirius on 5/31. Sticker 40,979, paid 36,600. Also got 19,974 Residual with 36/12K lease, so that appears to be the going %. Brian Bemis Toyota in DeKalb, IL...awesome experience !!
#278 of 285
Re: Residual Seems Low [mdhutton] by jmcclenahan
Jun 02, 2008 (6:36 pm)
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Replying to: mdhutton (Jun 02, 2008 4:52 pm)

Just curious - what was your out-of-pocket and what was the money factor?
#279 of 285
Re: Residual Seems Low [jmcclenahan] by mdhutton
Jun 02, 2008 (10:19 pm)
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Replying to: jmcclenahan (Jun 02, 2008 6:36 pm)

Actual $$ out-of-pocket was zippo, I applied some of my trade allowance to cover fees & 1st mo pmt (total $1656). MF was .00133.

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