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Toyota Highlander Lease Questions

410 messages,  Last post on Dec 02, 2009 at 12:30 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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#312 of 410
October Lease rates by leasetx
Oct 05, 2008 (6:53 am)
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Does anyone have the new MF and residuals for a FWD Limited 08 Highlander for 15K miles for 24 and 36 months? Also do they do 18K miles? I am in Texas. Why does it seem that the deals in other parts of the country are better than here? Thanks in advance.
#313 of 410
2008 Highlander Lease Evaluation by carbuyer2002
Oct 22, 2008 (7:57 am)
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Hi -
 
Please help me evaluate the following:
2008 Highlander 4x4
MSRP=$40,898
Negotiated Price=$36,603
Lease Terms:
36 months
15k miles/year
$905 down (includes taxes, etc)
$699/month payment
 
Good, bad, ugly?
 
Thanks!
#314 of 410
Re: 2008 Highlander Lease Evaluation [carbuyer2002] by tourguide
Nov 11, 2008 (4:21 pm)
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Replying to: carbuyer2002 (Oct 22, 2008 7:57 am)

$699/month payment
 
OH MY!! PLEASE tell me you played your pass card on that. At that figure, you'd be better off buying, or going somewhere else.
#315 of 410
Re: 2008 Highlander Lease Evaluation [tourguide] by Car_man HOST
Nov 12, 2008 (4:30 am)
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Replying to: tourguide (Nov 11, 2008 4:21 pm)

I completely agree, tourguide. Seven hundred bucks a month for a Toyota Highlander is absolutely nuts. That's BMW, Mercedes-Benz, Lexus territory. Definitely pass on this "deal."
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#316 of 410
by tourguide
Nov 13, 2008 (9:12 pm)
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**OMG** Have I got a good one for you all. I am doing some preliminary shopping for Highlander, so I asked my local dealer to throw me some numbers for HiHy 12K/35 month - low to no money down and to throw me the same on a limited gasser. I wanted to just get a feel for where they were going to come in.
 
Get this, for the HiHy - $975/month
 
For the Sport (he said he couldn't find a limited) - $700/month
 
No WAY would I accept those terms. EVEN at 7 franklins a month - I'd be owning that baby at the end.
 
I may be looking for another dealer soon, when it comes time to get serious.
#317 of 410
by patriot21
Nov 14, 2008 (7:07 pm)
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Just to give you an idea of what Lexus and Volvo are doing for leases. I have been looking at the xc90 and the rx350 (and decided to compare with the highlander tonight).
 
2008 Volvo xc90 SE AWD (loaded with Navigation, backup camera, etc)
$4500 down
$515/mo
 
2009 Lexus RX350 AWD (with Nav, etc)
$3500 down
$495/mo
 
I don't see leasing a Highlander for $699 when you get get a much better deal on other suvs. Granted those are not hybrids but still.
 
BTW - is the Highlander the same car as the Lexus GX470?
#318 of 410
Re: [patriot21] by briegel
Nov 14, 2008 (7:22 pm)
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Replying to: patriot21 (Nov 14, 2008 7:07 pm)

The Highlander is essentially the same as the Lexus RX 350, or 400h as a hybrid.
#319 of 410
Re: [patriot21] by tourguide
Nov 15, 2008 (6:13 am)
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Replying to: patriot21 (Nov 14, 2008 7:07 pm)

Those monthly payments are more in line wiht what I'd expect to pay for a lease, though that is a LARGE amount of coin down. That helps reduce your monthly by quite a bit.
#320 of 410
Re: [tourguide] by Car_man HOST
Nov 21, 2008 (2:46 am)
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Replying to: tourguide (Nov 13, 2008 9:12 pm)

Holy Toledo, tourguide. Those are some crazy payments . It's weird, too because Toyota's lease program on the '08 non-Hybrid Highlander is fairly attractive right now in most regions. Needless to say, you need to find a different dealer to work with. Thanks for the laugh.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#321 of 410
2009 Highlander Sport AWD by underwoodn
Nov 27, 2008 (10:06 am)
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I'm looking into leasing a '09 Highland Sport AWD in Virginia. MSRP is $37,280 and includes upgraded stereo, Homelink, leather, power hatch, dual front a/c, auto rr a/c, sunroof, and tow package. Edmunds shows this car at $32,724 invoice and $34,925 TMV. I'm want to have a low monthly payment even if I pay more upfront. This is the first time I've leased and don't know how much is too much upfront. I looked into a '08 LTD AWD ($38,900 MSRP, 43% residual) model at a different dealership and their original offer including a trade was an astounding $862/mo with $1800 down. I got them down to $535 with $4k down based on a $34k sales price, but that payment was too high for what I want. I'm hoping the Sport and a different dealership may give me a more favorable residual and sales price. Any opinions on how low of a monthly payment I can get? Another question is on taxes. In VA, they charge you the entire tax of the car upfront (3%) and build this in. It seems to be different from the lease calculators that I've seen that charge a regular sales tax based on the lease payment.
 
Any help would be greatly appreciated!

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