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Toyota Highlander Lease Questions

662 messages,  Last post on May 07, 2013 at 5:43 AM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 39 of 67

#381 of 662 Re: Limited Highlander 2010 [eardoc] by lsnhc

Jun 05, 2009 (5:51 am)

Replying to: eardoc (Jun 02, 2009 5:43 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 662 highlander hybrid limited by womble

Jun 10, 2009 (1:16 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 662 Re: highlander hybrid limited [womble] by paunch

Jun 12, 2009 (1:09 pm)

Replying to: womble (Jun 10, 2009 1:16 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 662 Re: highlander hybrid limited [paunch] by womble

Jun 12, 2009 (9:58 pm)

Replying to: paunch (Jun 12, 2009 1:09 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?

#385 of 662 Good lease deal on Highlander Limited FWD? by carbuzz101

Jun 16, 2009 (10:42 am)

I have excellent credit and live in Texas. I like to change my car every 2-3 yrs, but drive a lot of miles. I was told that I should lease... I wanted to know if this is a good deal (offer from private lease company -- see below) or can someone tell me what deal I should expect for credit score of 785? I wasn't able to negotiate this down any further...
 
New 2009 Highlander Limited FWD Lease Offer
Options: Navi pkg (pkg #8), floor and cargo mats, mud guards, wheel locks, window tint
MSRP: $38,488
Purchase Price: $35,597
Dealer Invoice: $35,347
Lease for 48mos/60K (cuz of my driving habit)
Money Factor: 6.84% (I think this is high)
Residual Value of $11,670
First payment of $728 ($728/mo lease)
 
Note: I plugged in the numbers provided to me with Acq fee of $795, Doc fee $50, Title fee of $180, I didn't get the $728 pmt quoted by the lease agent (it was roughly $700).
 
I keep on hearing that we shouldn't put money down on a lease. However, I can get a 2.99% balance transfer rate until paid off with my credit card with a maximum transfer fee of $100. Note: I have an excellent credit and pay my bill on time. Should I consider this option as a down payment (it looks like I will save on finance charge)? If so, how much should I put down.

#386 of 662 What is the best price?Northern Jersey by wease944

Jun 26, 2009 (3:43 pm)

2009 Highlander limited...Extra value package...spoiler..wheel locks..mudguards and cargo net
Msrp39,475.....Reduced to 36,000
12k miles..36 months
Rate.00001
Residual 18015
Total Init Pmt 3484.33
Monthly Payment of $491.79
 Is this a good payment? I would love to have it in the mid 4's...
Help......

#387 of 662 Re: Good lease deal on Highlander Limited FWD? [carbuzz101] by houston_man

Jun 27, 2009 (12:00 pm)

Replying to: carbuzz101 (Jun 16, 2009 10:42 am)
Here is an interesting lease vs. buy article in the Money section of USA Today on Friday......
 
http://www.usatoday.com/money/autos/2009-06-25-lease-buy-car_N.htm?loc=interstit- ialskip

#388 of 662 Re: highlander sport [indecision] by AXM23

Jul 14, 2009 (8:54 pm)

Replying to: indecision (Jun 04, 2009 6:50 pm)
Does your sport come with any options or packages? Are you in NYC?

#389 of 662 Re: What is the best price?Northern Jersey [wease944] by AXM23

Jul 14, 2009 (8:58 pm)

Replying to: wease944 (Jun 26, 2009 3:43 pm)
Which dealer quoted you this deal? I am looking for the same vehicle (also in northern NJ) and am beginning to hate all Toyota dealers in the area....
 
If you landed this deal in the mid 400s please let me know.
 
Thanks

#390 of 662 Lease End Questions by brentp

Jul 20, 2009 (12:48 pm)

Lease is up next month on a 2006 Highlander. I think the car is clean (few chips, scratches less than an inch, etc.) and will be under the allowed mileage. That said, this is my first lease and we will be turning it back in to Toyota - no replacement.
 
Does Toyota publish what is considered "normal" for wear and tear?
 
What are your experiences with returning a lease through TFS - are they reasonable? Just don't want to be surprised in a few weeks after the inspection to find they want big bucks. If it helps, we live in the New England area.
 
Besides pre-return photos - any other tips for lease returns?
 
Return to any Toyota dealer - or is there a benefit to returning it to the original dealer (80 miles away)? I have gotten different opinions on this.

Messages Page 39 of 67

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