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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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#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
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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)
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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
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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?
#332 of 409
Highlander Limited by AXM23
Jan 27, 2009 (7:51 am)
Reply
CAR MAN - can you tell me if the $2500 cash on the Highlander can go towards a lease? And is this cash only for 2008 models?
 
What is the MF and Resid. on the Highlander Limited with Extra Value Package No. 1?
 
36 months
12k yr
 
Thanks
#333 of 409
Highlander Ltd Lease Offers by AXM23
Feb 04, 2009 (2:38 pm)
Reply
Is the reason why these posts on lease deals for the highlander dying because leasing rates are through the roof?
 
I visited 2 local dealers in the northern NJ area for a Highlander Ltd. No nav
Here are the quotes:
 
36 months
12k yr
2000 out of pocket
$689 w/ tax !
 
2nd dealer:
$639 a month
 
Is anyone being quoted anything significanly different?
Is the MF and residual this bad?
#334 of 409
Re: Highlander Ltd Lease Offers [AXM23] by houston_man
Feb 10, 2009 (4:07 am)
Reply

Replying to: AXM23 (Feb 04, 2009 2:38 pm)

That's about right.....if you look at a 3 year loan for $30K 3.75%, the monthly payments are very close to that. My lease was no $$ down, for 36 months and 18K miles/year. Got them to throw in the maintenance, oil changes and tire rotations for the entire lease. My residual is 49.8% after 36 months and 54,000 miles. As one of the members said, which I will confirm that the Toyota Highlander LTD does NOT lease well....but I have had no issues with maintenance, I like the way it rides and drives. I doubt though, I will lease another. If you do decide to go with it, the Toyo 19" OEM tires are crap, and I had to replace them after only 16,500 miles.
 
 My .02 worth.....
#335 of 409
Re: Highlander Ltd Lease Offers [houston_man] by AXM23
Feb 10, 2009 (11:22 am)
Reply

Replying to: houston_man (Feb 10, 2009 4:07 am)

Thanks Houston Man. I am going to wait until March to see if there are any other better offers from Toyota. There is no way I am going to pay that kind of money on a lease for a Highlander.
#336 of 409
Re: 2008 rates lease and finance [Hi ] by Car_man HOST
Feb 13, 2009 (2:40 am)
Reply

Replying to: ljd1019 (Jan 26, 2009 6:46 pm)

Hi ljd1019. Unfortunately, I have not seen Toyota's current lease program for the '08 Highlander for your area recently. I will dig around and see what I can find out.
 
On the purchase side, in its Central Atlantic region Toyota is currently offering $2,000 customer cash on the 2008 Highlander and $3,000 on the 2008 Highlander Hybrid, but no special financing alternative.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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