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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

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


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#322 of 409
Re: 2009 Highlander Sport AWD [underwoodn] by tourguide
Nov 27, 2008 (10:45 am)
Reply

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)
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Could someone please provide most recent MF and residual for a 3yr 36k lease (No. Cal.)
 
Thank you.
#324 of 409
MF and Residual % by BCD31
Dec 19, 2008 (6:37 am)
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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
#325 of 409
Re: MF and Residual % [BCD31] by spingrinder
Dec 22, 2008 (12:30 pm)
Reply

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%.
#326 of 409
Re: MF and Residual % [spingrinder] by wvgasguy
Dec 27, 2008 (5:18 am)
Reply

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)
Reply

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
#328 of 409
2009 Highlander Base 2WD 4 Cylinder 2.7L 187HP by pcantore
Jan 14, 2009 (6:37 pm)
Reply
Hi Carman,
 
I've got the following offer from a dealer for a 09 Model# 6942 Base 2WD 4 Cyl. Auto. with Towing Prep Pkg, Convenience Pkg, Manual Rear Air, Pwr Driver Seat, Daytime Running Light Pkg., Engine Immobilizer and 3rd Row Seat Pkg.
 
Can you please provide the estimated monthly payment and TFS's Tier 1+ MF and residual percentage for a 48 month lease at 12k or 15k miles per year? I am located in the South (FL). Are there currently any incentives on 2009 Base 4 cyl.?
  
Thanks for your help!
 
PC
#329 of 409
2009 Highlander Base 2WD 4 Cylinder 2.7L 187HP by pcantore
Jan 14, 2009 (6:38 pm)
Reply
This was the sale price offered: $26,950.
#330 of 409
Re: 2009 Highlander Base 2WD 4 Cylinder 2.7L 187HP [pcantore] by Car_man HOST
Jan 26, 2009 (2:40 am)
Reply

Replying to: pcantore (Jan 14, 2009 6:37 pm)

Hi pcantore. I see that you are located in Florida. Florida is the land of Toyota's independent distributor, SE Toyota. SE Toyota does not run leases through Toyota Financial Services. It uses its own captive finance company instead. Unfortunately, I have not seen SE Toyota Finance's lease program this month. sorry that I could not be of more help.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#331 of 409
2008 rates lease and finance by ljd1019
Jan 26, 2009 (6:46 pm)
Reply

Replying to: Car_man (Jan 26, 2009 2:40 am)

Car man
Can you please post the current lease numbers for Highlander Sport AWD in PA (Philadelphia area)? Also if there are any incentives for the 2008 left over there are quite a few in my area.
Also was wondering is there any other incentives to purchase besides the 2K that is currently being offered. What kind of percentage rates will I be looking at?

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