- #375 of 409
-
Re: May Lease Rates [rfm1237]
by Car_man HOST
-
Jun 01, 2009 (4:00 am)
-
|
|
Replying to: rfm1237 (May 26, 2009 9:26 am)
Greetings rfm1237. Toyota's lease program varies by region. I need you to tell me what state you are in to give you an accurate idea of what its current program is like. For now I will post the Los Angeles region program for you, but keep in mind that A) this is the May program which is only scheduled to run through today...June 1st and B) Toyota's lease program varies significantly by region.
Toyota Financial Services' Los Angeles region May buy rate lease money factor and residual value for a 36 month lease of a 2009 Highlander Limited 4WD with 12,000 miles per year are .00007 and 51%, respectively for consumers who qualify for its Tier 1+ credit tier.
One thing that is important to be aware of when discussing TFS' lease program is that its residual value percentages are based upon vehicles' base MSRPs. It places restrictions upon what options can be residualized. This makes it very difficult for consumers to figure out what the dollar residual values for specific units should be.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
|
- #376 of 409
-
Re: May Lease Rates [paunch]
by Car_man HOST
-
Jun 01, 2009 (4:33 am)
-
|
|
Replying to: paunch (May 29, 2009 11:12 am)
Hi paunch. Toyota Financial Services' lease program varies by region. As you mentioned, Toyota's incentives are only scheduled to run through today...June 1st. If you tell me what state you are in, I will gladly give you an idea of what the new program is like when I see it.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
|
- #377 of 409
-
Re: May Lease Rates [Car_man]
by paunch
-
Jun 01, 2009 (8:41 am)
-
|
|
Replying to: Car_man (Jun 01, 2009 4:33 am)
Thanks Car_man!! I'm located in Southern California. I called around to a couple of dealers before June 1st and got some interesting but varied data. Both dealers told me that the money factor was 1% or 0.00042. One dealer told me the residual was 47% and another dealer told me the residual was 53%. Both vehicles were base Highlander Hybrids with the PopularPlus/EVP2 option package putting the MSRP up to around $40K. The money factor differs significantly from what you reported for the SoCal region of 0.00007 or a money factor of around 0.17. Do you think the sales people just don't know, pulling a fast one or these numbers really vary within the same region for Toyota Financial (I can't imagine that this is the case). I know you said that the residuals vary with MSRP (just to make it even more complicated for consumers) but I can't imagine that they vary that much.
In any case, I would greatly appreciate any help with leasing numbers for June. On a related but different topic, I read on another thread that someone got 0% and someone else got 2.9% financing from Toyota Financial. I called a dealer and they said the best they can get from Toyota Financial is 6.8%??? I can get way better than that from my Credit Union. It really makes trying to be an informed consumer very frustrating.
|
- #379 of 409
-
Limited Highlander 2010
by eardoc
-
Jun 02, 2009 (4:43 pm)
-
|
Please comment on this deal -
12K/36 months lease on Toyota Highlander Limited 4 WD 2010(no nav/no DVD)
Sale price 35565
MF0.00001
Residual value 49-53%
549/mo with 1200 OOP at inception
|
- #380 of 409
-
highlander sport
by indecision
-
Jun 04, 2009 (5:50 pm)
-
|
How does this sound?
12000 mi/36 mos
2009 Highlander Sport
0 down, 460 per month including taxes
In NY
|
- #381 of 409
-
Re: Limited Highlander 2010 [eardoc]
by lsnhc
-
Jun 05, 2009 (4:51 am)
-
|
|
Replying to: eardoc (Jun 02, 2009 4:43 pm)
$549 seems like a lot of money... My wife's 2006 4Runner Limited's lease expires at the end of the month (we've been paying $508/month incl tax - V8 w/nav)) and while I realize that neither the residuals nor the leasing options are nearly as attractive as they were 3 years, ago, I'd be hard pressed to spend $549 for a Highlander with a sticker substantially less than the 4Runner (and no nav). I think that the problem is that Toyota's deals right now pale in comparison with a number of the alternatives. We have loved our vehicle, but it looks like a new lease would be out of our range. We are exploring the option of extending the current lease for another year.
|
- #382 of 409
-
highlander hybrid limited
by womble
-
Jun 10, 2009 (12:16 pm)
-
|
hi car man, wonder if you can comment on the following offer in so cal for a 2009 highlander hybrid limited with nav, based on discounted price of $43,250 (sticker was mid $46,000)
36 mths,
12,000 miles,
0 down/cap red,
drive off of $1229
monthly payment $682 + tax
Based on residual of 50% but I don't have the money factor used to compute these numbers.
It looks like a good deal to me. What are the drive off costs for toyota? acquisition fee and security deposit? Where can I find these? Thanks you!
|
- #383 of 409
-
Re: highlander hybrid limited [womble]
by paunch
-
Jun 12, 2009 (12:09 pm)
-
|
|
Replying to: womble (Jun 10, 2009 12:16 pm)
I'm in the market as well. I've been told that the money factor offered by Toyota Financial for this month is an extension of the deal they offered last month and it's 0.00042 or 1%. Using your numbers for MSRP, negotiated price, residual and using this MF, I get a monthly that is more like $583+tax so your number seems quite high. Also, you might check carsdirect.com. I plugged in a set of options on a Limited that puts the MSRP up at $45,785 and the price that they offer is $42,823. In my experience, when you get routed to a dealer internet department via this site, they will match that price. If you shop that price, often you can beat it so the opportunity to go even lower exists.
Good luck.
|
- #384 of 409
-
Re: highlander hybrid limited [paunch]
by womble
-
Jun 12, 2009 (8:58 pm)
-
|
|
Replying to: paunch (Jun 12, 2009 12:09 pm)
thanks, paunch. I've actually leased two other cars through carsdirect.com and had an amazing experience there. I went to the toyota dealership to drive the car but, of course, got the whole sales pitch and its easy to see how people make snap decisions when they just show you they've knocked thousands off sticker. Confused re basic drive off costs though. $800?
|
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences 
