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Prices Paid: Buying & Leasing Experiences Toyota Highlander Lease Questions
409 messages, Last post on Nov 25, 2009 at 10:32 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Car Man- I will be leasing or purchasing a 2008 Highlander LTD or Hybrid LTD on Sept. 20 in either Tuscaloosa, Ala. or Atlanta, Ga. Can you please provide me with TFS's third quarter money factor and residual for each assuming a 36 mo/12k lease term? Earlier in this forum I saw you posted a .00001 MF on the LTD but that seems too good to be true. Was that a typo? I was also told by the dealer in Atlanta to expect a $3000 cash back incentive to be announced on Sept. 3, and was wondering if this applied to leases as well as cash/financing? Thanks in advance.
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I was offered the following for a fully loaded 2008 Limited (7passenger) - 36mth lease at 12k per year: MSRP: $42,350 My price: $39,537 Residual: $18,669 MF: .00001 Zero down, monthly payment (excludes taxes) is $642. Question: Is this a good deal? And should I consider trying to get a lower price and buying instead? Thanks!
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Replying to: jk764 (Sep 03, 2008 2:23 pm)
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Does this sound way out of whack? I was just quoted by my local Toyota dealer: 2008 Highlander LTD 2WD: 36 mo/12k 43% resid., .00279 MF 48 mo/12k 37% resid., .00279 MF 2008 Highlander Hybrid LTD: 36 mo/12k 49% resid., .00279 MF 48 mo/12k 39% resid., .00279 MF |
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Replying to: sportjunkies1 (Sep 04, 2008 8:39 am) My calculation is as follows: Depreciation = $20,868 / 36mths = $579.66/mth + 7% tax of 40.58 = 620 / mth. That's assuming MF is .00001. If I can get Cap cost down to 37,000 or 37,500 would be happy. Will post results ... assuming don't go w/ an XC90.
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Replying to: wareagle1997 (Sep 01, 2008 7:29 pm) I think that the dealer you spoke with was overly optimistic about the Highlander's cash incentives. According to the latest information that I have seen, Toyota is currently providing $1,500 customer cash on the '08 Highlander in your area in September. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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carman, Thanks for this forum. I am about to lease an 08 Highlander Limited. What is the current MF in FL for this vehicle? Are there any hidden costs I should be aware of? Here are the specs on my vehcile: Base: 32900 Options: 6198 Handling: 745 Options: tow prep rear a/c Mats w/o SDAT spoiler heated seats power rear door sunroof roadside assist navigation MSRP is $39,893, quoted MF is .00229 on 365 months I think my sales price should be around $36,500, what do you think and what should I expect for a realistic MF?
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Replying to: robray222000 (Sep 18, 2008 1:53 pm) 2008 Highlander Base 4wd Option B MSRP 31,655 Cap Cost 28,655 Residual 15,794 MF 0.00001 Inceptions/Fees/First month Payment: 1595 Monthly Payment:$361 Tax is $966, paid up front So far the best deal I have been quoted. I am wondering if dealers are willing to go less than that on Cap Cost, According to Edmunds invoice on this car is 27854, so they make about 801 on the car plus their fees. Is it unreasonable given the low demand for SUV's now to get invoice pricing? |
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Update, got a counter offer from another dealer, same highlander, base 4wd option B. Cap cost 28000 1434 due at signing (all inceptions, fees, first month payment, and taxes) $368 a month. |
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Replying to: robray222000 (Sep 18, 2008 1:53 pm) 36 mo./ 12K per year: MF - 0.00143 Residual - 49% Personally I'm waiting several more weeks this dealer and several others had loads of 08's on their lots. With the 09's coming in, and the current economic times I think you'll see either rates coming down or dealers wanting to slash prices on 08's. Toyota's US sales, including the Highlander, are waning.
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