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Toyota Highlander Lease Questions

407 messages,  Last post on Nov 03, 2009 at 8:02 AM

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

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#335 of 407 Re: Highlander Ltd Lease Offers [houston_man] by AXM23 Feb 10, 2009 (11:22 am)
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 407 Re: 2008 rates lease and finance [Hi ] by Car_man HOST Feb 13, 2009 (2:40 am)
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
#337 of 407 Re: Highlander Limited [AXM23] by Car_man HOST Feb 13, 2009 (2:43 am)
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 Host Prices Paid: Buying & Leasing Experiences Forum
#338 of 407 Re: Highlander Ltd Lease Offers [AXM23] by Car_man HOST Feb 13, 2009 (2:50 am)
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 Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: AXM23 (Feb 13, 2009 3:12 pm) Car_man (Mar 20, 2009 2:46 am)
#339 of 407 Re: Highlander Ltd Lease Offers [Car_man] by AXM23 Feb 13, 2009 (3:12 pm)
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? Replies to this message: Car_man (Mar 20, 2009 2:46 am)
#340 of 407 Trying to get out of lease on 06 Highlander Hybrid Limited AWD by smcconnell71 Feb 24, 2009 (2:06 pm)
I'm trying to get out of my lease on a 2006 Highlander Hybrid Limited AWD because I need to lower my monthly car payment. My payoff is about 3k more than the TMV, and I have around 14 months left on the lease.   I tried the method listed in this article -> http://www.edmunds.com/advice/leasing/articles/45858/article.html, under section #2."How do I buy my car at the end of the lease?" It suggested calling my leasing company and negotiating a payoff price different from the listed payoff because it's to the leasing company's benefit for me to buy it so they don't get killed at auction if I turn it in. That didn't work, they said payoff is non-negotiable.   My monthly payment is pretty high (because I was stupid, and upside down in my trade-in) so I'm not sure whether listing on LeaseTrader or Swapalease will do any good.   Is my best option just trying to get the best trade-in price possible? Replies to this message: wvgasguy (Feb 27, 2009 9:43 am) wvgasguy (Feb 27, 2009 9:48 am)
#341 of 407 Re: Trying to get out of lease on 06 Highlander Hybrid Limited AWD [smcconnell71] by wvgasguy Feb 27, 2009 (9:43 am)
Replying to: smcconnell71 (Feb 24, 2009 2:06 pm) Just a thought but if you're already $3K more than TMV how would you expect to obtain another vehicle with significantly lower payments. You'll have to eat at least $3K. It appears the car may be worth a lot less than TMV at the end of the lease and if so you may be better off eating the payment for a year than taking the $3K loss.   If I absolutely needed to lower monthly cost and if the car is OK I would rather buy the car and finance it for a longer period of time rather than lose $3K up front. I assume if you have $3K in your pocket that the extra $$$'s mo for 14 months shouldn't make that much difference.
#342 of 407 Re: Trying to get out of lease on 06 Highlander Hybrid Limited AWD [smcconnell71] by wvgasguy Feb 27, 2009 (9:48 am)
Replying to: smcconnell71 (Feb 24, 2009 2:06 pm) My monthly payment is pretty high (because I was stupid, and upside down in my trade-in)   Just a word of fatherly advise. Don't make the same mistake twice, which is where you're heading on this.
#343 of 407 March Numbers on Limited by AXM23 Mar 05, 2009 (5:27 am)
CarMan,   Can you advise what the MF and Resid is on the Limited for 36 months, 12k and 15k per year? Did these rates get better than previous months. I can't imagine lease rates getting any worse than they have been for the Highlander. Replies to this message: Car_man (Mar 20, 2009 2:50 am) orangeman99 (Mar 28, 2009 7:18 am) Car_man (Apr 02, 2009 3:08 am)

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