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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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#330 of 409
Re: 2009 Highlander Base 2WD 4 Cylinder 2.7L 187HP [pcantore] by Car_man HOST
Jan 26, 2009 (2:40 am)
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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)
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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)
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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)
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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)
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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)
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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
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Prices Paid: Buying & Leasing Experiences Forum
#337 of 409
Re: Highlander Limited [AXM23] by Car_man HOST
Feb 13, 2009 (2:43 am)
Reply

Replying to: AXM23 (Jan 27, 2009 7:51 am)

Hi AXM23. The answer to your question is, It depends. Toyota's customer cash incentives are not compatible with its special lease program. However, it has stopped profiting lease support on the 2008 Highlander in a number of regions already. If you are in one of these areas and you want to lease this truck, you would have to use Toyota Financial Services' standard lease program. The customer cash is compatible with TFS' standard program.
 
This truck's lease program varies depending upon which one off Toyota's twelve regions one is in. If you tell me what state you live in I will be happy to share what I know about Toyota's lease program there with you.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#338 of 409
Re: Highlander Ltd Lease Offers [AXM23] by Car_man HOST
Feb 13, 2009 (2:50 am)
Reply

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

Ah ha, I should have scrolled ahead. I see, AXM23, that you are in Toyota's New York region. Toyota is not providing lease support on the 2008 or 2009 Highlander in that area right now. As I mentioned, that means that if you want to lease one through Toyota Financial Services, you will have to use its standard lease program. TFS' current buy rate standard lease money factor is .00295 for consumers who qualify for its Tier 1+ credit tier.
 
TFS' current published residual value percentage for a 36 month lease of an '08 Highlander Limited 2WD with 12,000 miles per year is 45%. In reality though, it is actually worse than that because TFS places restrictions upon which options can be residualized.
 
I was actually in the market for a new SUV myself last month. I was planning on giving the Highlander serious consideration. Toyota's lease program has traditionally been very attractive on it. Alas, its current program is not nearly attractive enough and I took my business elsewhere.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#339 of 409
Re: Highlander Ltd Lease Offers [Car_man] by AXM23
Feb 13, 2009 (3:12 pm)
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Replying to: Car_man (Feb 13, 2009 2:50 am)

Lol. Thanks for the chuckle Car Man. Yes, unfortunatley I am in a region where there is no lease programs on the Highlander. Their lease program is atrocious. I am also considering going elsewhere. The Pilot is in high contention.
 
The problem is - I started researching rates at the end of December when every company had excellent programs. I was too new to jump on the first few deals I saw so I waited. After Jan. 5th, I kicked myself in the rear for not pulling the trigger on several deals.
 
Any historical data you can share from previous years that would indicate better programs in March?

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