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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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#353 of 409 Re: Residuals: Highlander vs RAV4 [iamknott] by ocautoseeker Apr 02, 2009 (11:29 pm)
Replying to: iamknott (Apr 02, 2009 9:09 am) Residuals will always vary from bank-to-bank, but most often, you'll find the best terms through the captive bank, and in terms of Toyota, that would be TFS. Case-n-point: Banks are in the business of buying and selling vehicles, so it behooves Wells Fargo, Chase et al to set a realistic residual, otherwise they're gonna' get killed upon return if the market value is way off. This was happening for years until banks finally realized that despite the interest they were making on your lease, they were giving it all back when trying to unload the vehicle to a buyer.   Extra bells and whistles are always nice, but when it comes time for a dealer to try and pick that vehicle up from an auction (where it usually goes after your lease), many times, those "amenities" don't add squat to the value of the car, and the dealers/wholesalers looking to buy know that. Most people that buy used want a clean car that has a solid engine and tranny, and has convenient features like a/c power windows and locks etc, but the rear seat entertainment systems, nav, and other "overpriced" features when new just don't hold up well in the resale market - thus the dip in residual. Especially when you can by a Garmin or Tom Tom for $150 and move it between vehicles, as opposed to the $2000 factory nav.
#354 of 409 Oklahoma Highlander leasing by mdxlessee Apr 04, 2009 (11:26 am)
Car_man: I am looking to lease a Highlander Limited with bells and whistles. My final price quoted here was $35.8K but for the 12K 36 month lease, the money factor used was very high, 0.0295, and the residual was very low at 42%, resulting in a lease payment of $717 with just first month's payment down. From your March post, the money factor and residual appear to have been are .00099 and 47%, which are very good. What can I do to negotiate better lease terms? Thanks very much for your help. Replies to this message: Car_man (Apr 14, 2009 1:44 am)
#355 of 409 Car Man: Could use your advice by rollingwoods Apr 05, 2009 (8:05 am)
Hi Car Man and others). Really appreciate the help you give on this forum. We're older folk in Northern Calif. We're looking at purchasing a Highlander Limited w/no navi or DVD. Negotiated good offer of $350 below invoice. The vehicle is perfect for us in terms of options, color, etc.--in that sense our dream vehicle! We have excellent credit and and could buy outright. BUT: we've never owned an SUV, and the ride in the rear seat(s) seems a lot harsher than we're used to in our 2000 Sienna XLE. Making me nervous about plunking down $$36000 (out the door price) when we're not sure how satisfied we'll be with it. SO: does a short lease make any sense? We would probably buy it off of lease (or during lease if that's possible?) if we like the vehicle as much as we hope. Perhaps it would make more financial sense to buy it and then sell in a year or so if for some reason we didn't want to keep it? Thanks for the help. We have to make a decision within 48 hours--it's hard to find a Limited like this without tons of expensive bells and whistles we don't need. Replies to this message: wvgasguy (Apr 10, 2009 5:30 pm) rollingwoods (Apr 10, 2009 5:44 pm) wvgasguy (Apr 11, 2009 6:57 pm)
#356 of 409 Re: Car Man: Could use your advice [rollingwoods] by wvgasguy Apr 10, 2009 (5:30 pm)
Replying to: rollingwoods (Apr 05, 2009 8:05 am) So, how often do you ride in the second row? The highlander is one of the best for comfort that I've found in mid-size SUV's with plenty of leg room, foot room and reclining seat backs. Then again I never ride back there (but it was a priority) Replies to this message: rollingwoods (Apr 10, 2009 5:44 pm) wvgasguy (Apr 11, 2009 6:57 pm)
#357 of 409 Re: Car Man: Could use your advice [wvgasguy] by rollingwoods Apr 10, 2009 (5:44 pm)
Replying to: wvgasguy (Apr 10, 2009 5:30 pm) Well, we bit the bullet. We found a "base Limited"--about the only one in Northern Calif--that had only EVP7 and a few minor other options on it. Since the things we needed like power seats and backup camera were standard, we didn't want high-priced add-ons like navi, DVD etc. Was able to get it for $350 under invoice. Most importantly, my wife loves it! And wvgasguy, you're right--how often will I be in the back seats! Replies to this message: wvgasguy (Apr 11, 2009 6:57 pm)
#358 of 409 Re: Car Man: Could use your advice [rollingwoods] by wvgasguy Apr 11, 2009 (6:57 pm)
Replying to: rollingwoods (Apr 10, 2009 5:44 pm) Don't get me wrong, comfort in the second row seating was a critical factor for my decision, but the HH met all my needs, which basically was would I at 6'1" and 260# be comfortable riding there. I was. I don't think you'll regret the purchase. The HH will probably ride a little rougher but I'm pretty sure it will ride a lot better overall than the minvan.
#359 of 409 Hello HH Owners! :) by potential32 Apr 12, 2009 (7:24 am)
Hi, I'm looking to make my first car purchase without the help of my parents. As an early college graduation gift, I wanted to buy myself a car. I've always loved Highlanders, but am in no position to buy a new one. I just wanted to get some feedback on a potential HH that is for sale at a dealership here in town and see if you guys thought it was a good buy or not? - Is that too many miles? - What is the battery life and have any of you experienced problems? - I appreciate any feedback!!! Thanks again!    They are asking 18,871. 2006 TOYOTA HIGHLANDER/HYBRID     * Mileage: 73,894 Miles     * Body Style: SUV     * Exterior Color: Black     * Interior Color: N/A     * Engine: 3.3L V6     * Transmission: CVT     * Drivetrain: FWD     * Doors: 5     * Wheelbase: 107 Inches Replies to this message: mdhutton (Apr 13, 2009 4:12 pm) Car_man (Apr 14, 2009 1:50 am)
#360 of 409 Re: Hello HH Owners! :) [potential32] by mdhutton Apr 13, 2009 (4:12 pm)
Replying to: potential32 (Apr 12, 2009 7:24 am) I'd question the huge mileage # in such a relatively short time. Was this owned by a private party or is it an ex-rental ?
#361 of 409 Re: Oklahoma Highlander leasing [mdxlessee] by Car_man HOST Apr 14, 2009 (1:44 am)
Replying to: mdxlessee (Apr 04, 2009 11:26 am) Hi mdxlessee. A lease payment of $717 per month for a Toyota Highlander . Holy Toledo that's bad. That's about three hundred bucks per month more than I would be willing to pay for this truck. Have you tried shopping around at other dealers? Clearly this dealer doesn't want your business.   I would start by comparison shopping with other Toyota dealers for the Highlander that you are considering. If you are still getting quoted high payments, you may want to consider switching to a different model with a more attractive lease program.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#362 of 409 Re: Hello HH Owners! :) [potential32] by Car_man HOST Apr 14, 2009 (1:50 am)
Replying to: potential32 (Apr 12, 2009 7:24 am) HI potential32. This particular discussion is for community members to discuss leasing the Toyota Highlander. You will probably have better luck getting an opinion upon the used Hihghlander that you are considering by posting this message over in one of the following discussions:   "Toyota Highlander Prices Paid and Buying Experience"   "Toyota Highlander"   "Real-World Trade-In Values"   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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