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Toyota Highlander Lease Questions

297 messages,  Last post on Aug 17, 2008 at 12:29 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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#287 of 297
Re: Current MF and Residuals on Highlander Limited [pmelanc1] by Car_man HOST
Jul 14, 2008 (2:58 am)
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Replying to: pmelanc1 (Jul 11, 2008 2:50 pm)

Hi pmelanc1. Toyota's lease program varies by term, mileage allowance, and region. You never mentioned what any of these variables are, so I'll make some guesses just to give you a rough idea of what this truck's current program is like. For now I will assume that you are interested in a 36 month lease in Toyota's New York region with 15,000 miles per year. Let me know if you want something different. TFS' current buy rate lease money factor and residual value for a 36 month lease of an '08 Highlander Limited 2WD in its New York region with 15,000 miles per year are .00087 and 50%, respectively.
 
As was mentioned above, keep in mind that TFS places restrictions upon what options can be residualized and caps on the ones that it allows. This makes it difficult to calculate the actual dollar residual values for specific units from the percentages.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#288 of 297
Re: Residual set by DOLLAR amount? [rhhudson] by milstone24
Jul 16, 2008 (6:16 am)
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Replying to: rhhudson (Jul 05, 2008 4:07 pm)

I was quoted around the same MSRP 28,105, and sale price of 25,572 (base 4x2).
toyota guy would not give me a residual percentage but rather a dollar amount of 14,400 (decent). 36m 12K was around 394.00 with taxes with about 500.00-600.00 down. According to my calculations should be around 405.00-410.00 a month. Just outside of Philadelphia, so I am not sure either.
#289 of 297
Re: Current MF and Residuals on Highlander Limited [Car_man] by marinite
Jul 23, 2008 (3:31 am)
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Replying to: Car_man (Jul 14, 2008 2:58 am)

Hi CarMan,
Any chance you have the current stats on the same car for Northern California/Bay Area?
 
Highlander Ltd, 2wd and/or awd, 36mo lease w/12k/yr miles.
 
Thanks much!
Cate
#290 of 297
Highlander Limited and Hybrid by thechairman1
Aug 04, 2008 (3:32 pm)
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Hi Car man.
 
Interested in the current residual, money factor and any incentives on a lease in northern NJ for a 2008 Highlander 4WD at 36 months and 12,000 miles per year. Interested in the Limited andLimited Hybrid.
 
Many thanks.
#291 of 297
Sport Lease Question by kasey36
Aug 09, 2008 (12:27 pm)
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I'm hoping I can get some opinions on a lease quote I just received via the internet. I'm new to leasing and have been searching for a Highlander Sport for a while now. I'm on Long Island and qualify for Tier 1 financing. The quote I received was for $435 a month, with taxes, titles, etc. out of pocket. Is this a good deal? Thanks for any help.
#292 of 297
Re: Sport Lease Question [kasey36] by sim24
Aug 09, 2008 (9:49 pm)
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Replying to: kasey36 (Aug 09, 2008 12:27 pm)

I got a quote today for a Ltd with all options except rear DVD for $585 no money down (Long Island area). After reading some other quotes, this seems decent, but I still think its's too high for a lease. The msrp is $40,650, and the purchase price I negotiated is $35,500. I'm thinking of purchasing instead of leasing. Any thoughts?
#293 of 297
Wait until 09s are out? by chuckjr
Aug 12, 2008 (6:52 pm)
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Car man or anyone else that can add some color to my dilema,
 
What will happen to the residual values on the 08 highlander when the 09 hits the lots? Is that a number set by toyota based on the calendar or the year model.
 
Our 05 XC90 lease is up at the end of the month and because of the near zero money factor on the volvo lease we haven't been able to get as much SUV for our dollar.
 
I have been looking for deals but haven't seen a lot of promise on the pilot or highlander.
 
We're most likely going to extend the volvo in hopes that better deals come up as the end of the year approaches.
#294 of 297
Re: Highlander Limited and Hybrid [thechairman1] by Car_man HOST
Aug 14, 2008 (2:58 am)
Reply

Replying to: thechairman1 (Aug 04, 2008 3:32 pm)

Hi thechairman1. If I was in the market for a new SUV, this is probably the one that I would go for right now. Toyota Financial Services' current New York region buy rate lease money factor and residual value for a 36 month lease of a 2008 Highlander 4WD with 12,000 miles per year are an amazingly low .00001 and 54%, respectively for consumers who qualify for its Tier 1+ credit tier. As I always say when talking about TFS leases, keep in mind that it places restrictions upon what options can be residualized. This makes it difficult for anyone but dealers who are given the actual numbers by TFS to calculate the dollar residuals of specific units.
 
TFS' residual value for an otherwise identical lease of a 2008 Highlander Hybrid 4WD is 57%, but not surprisingly Toyota is not currently providing any lease support on it. That means if you lease a hybrid version through TFS, you will have to use its standard lease money factor. The last time that I saw it, TFS' standard was .00265 for Tier 1+ customers.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#295 of 297
Re: Wait until 09s are out? [chuckjr] by Car_man HOST
Aug 14, 2008 (3:23 am)
Reply

Replying to: chuckjr (Aug 12, 2008 6:52 pm)

Hi chuckjr. Toyota Financial Services publishes new residual values every quarter. So, its current resids for the 2008 Highlander will remain the same through September 30th. I suspect that its fourth quarter residual values for this model will be lower for a number of reasons, including the fact that resids naturally fall as the model year progresses, the introduction of the '09 model, and the general pressure that banks are under to lower vehicles' often inflated residual values in the current environment. How much they will drop is the question. Toyota came out this week and said that it plans to continue offering aggressive leases on its vehicles, so I don't anticipate its resids falling off of a cliff.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#296 of 297
Re: Highlander Limited and Hybrid [Car_man] by mlees33
Aug 14, 2008 (1:22 pm)
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Replying to: Car_man (Aug 14, 2008 2:58 am)

Car_man,
 
I live in San Diego and am interested in Highlander Limited 2WD or Sport 2WD, for 36 months at 12k or 15k per year. Is TFS running a similar money factor in my region on the 2008s? Should I wait for the 2009s?
 
Thanks!

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