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Toyota Highlander Lease Questions

409 messages,  Last post on Nov 25, 2009 at 10:32 AM

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

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#318 of 409 Re: [patriot21] by briegel Nov 14, 2008 (7:22 pm)
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 409 Re: [patriot21] by tourguide Nov 15, 2008 (6:13 am)
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 409 Re: [tourguide] by Car_man HOST Nov 21, 2008 (2:46 am)
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 409 2009 Highlander Sport AWD by underwoodn Nov 27, 2008 (10:06 am)
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! Replies to this message: tourguide (Nov 27, 2008 10:45 am)
#322 of 409 Re: 2009 Highlander Sport AWD [underwoodn] by tourguide Nov 27, 2008 (10:45 am)
Replying to: underwoodn (Nov 27, 2008 10:06 am) The standard advice on this forum is DON'T put loads of money upfront. If something catastrophic happens to the vehicle, that money is gone. So in order for a lease to be worthwhile it should be less than what you can buy for. The figures you were quoted were the same type of rediculous quote I was given. Look back and see the numbers I was thrown - no way would I go for that, or anything like that.   IMO these vehicles are NOT a good lease bet right now. Toyota is hammering the residual right down into the basement - likely a forecast of fuel prices, and realistically they are probably right in that. Leasing these things used to be a great deal. Four years ago it was no problem to get a lease on a Higlander for ~$300 a month with no hassle and little to nothing down. Compare that to what you are being offered and consider that you can finance one of these for purchase over five years for the same lease payment they are offering - less in fact. You can pay for one over five years for about $670 a month (using 5.75% and an OTD price of 35000).   Leasing needs to be a better deal than that (WAY better IMO) and NO MONEY DOWN, or it ISN'T a deal in any sense of the word.
#323 of 409 MF and Resid on 2009 HyHy? by spingrinder Dec 15, 2008 (5:07 pm)
Could someone please provide most recent MF and residual for a 3yr 36k lease (No. Cal.)   Thank you. Replies to this message: Car_man (Dec 30, 2008 4:21 am)
#324 of 409 MF and Residual % by BCD31 Dec 19, 2008 (6:37 am)
hi Carman,   Can you please post the MF and residual percentage for a 36 month lease at 12k per year for both a 2008 sport and base highlander 4wd? Is TFS providing the best lease package at this point? I am located in the Northeast (CT). Is their more incentive to lease a 2009 in terms of MF and residual? Probably wont get more of discount on a 2009 than a 2008 in terms of cap cost.   Thank you! BCD31 Replies to this message: spingrinder (Dec 22, 2008 12:30 pm) wvgasguy (Dec 27, 2008 5:18 am)
#325 of 409 Re: MF and Residual % [BCD31] by spingrinder Dec 22, 2008 (12:30 pm)
Replying to: BCD31 (Dec 19, 2008 6:37 am) BCD - I gave up on the Highlander - Toyota is not budging on MF or residuals. Best deal to be had right now is the actually the RX350 - cheaper lease than the Highlander. I can't figure out why the "luxury" edition of the identical Toyota is less, other than a projected residual of 54%. Replies to this message: wvgasguy (Dec 27, 2008 5:18 am)
#326 of 409 Re: MF and Residual % [spingrinder] by wvgasguy Dec 27, 2008 (5:18 am)
Replying to: spingrinder (Dec 22, 2008 12:30 pm) I considered the RX but then found that it is the "old" Highlander competition and not upgraded like the new model Toyota. Not sure why they were not upgraded in the same model year.   It's always been discussed as to why anyone would pay more for the Lexus when the differences were little but now with the new Highlander, you really just are paying for the prestige. I liked the new HH better than the Lexus for 2009.
#327 of 409 Re: MF and Resid on 2009 HyHy? [spingrinder] by Car_man HOST Dec 30, 2008 (4:21 am)
Replying to: spingrinder (Dec 15, 2008 5:07 pm) Hi spingrinder. Toyota is not currently providing any lease support on the Highlander Hybrid. As a result, if you were to lease one through Toyota Financial Services right now, you would have to use its standard lease program. TFS' current buy rate standard lease money factor is .00295 for consumers who qualify for its top aka "Tier 1+" credit tier.   Its current 36 month, 12,000 mile per year residual value for a base 2009 Highlander Hybrid is 57%. the problem is that TFS places restrictions upon what options can be residualized. This makes is difficult to figure out the actual dollar residual value for vehicles. So much so, that Toyota provides dealers with lists of the dollar residual values for the specific units that they have in inventory rather than relying upon them to calculate the resids themselves.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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