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Prices Paid: Buying & Leasing Experiences 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
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carman: wondering if you can tell me current m/f and resid. for current highlander ltd (fwd) 3 years 12k miles per year I had thought it was .0007 and the resid should be above 45% (but I have a jerky socal dealer telling me it's 38%) loaded with just the nav/mnrf pkg and msrp'ing at 37,779 what would be a decent sales price to you in So California? and rather than post a separate message could you also tell me what it is for the mazda cx-9 grand touring fwd same miles and years w/nav and mnrf as well big thanks
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Car_man, Can you please provide the lease numbers on the Sport and Limited models on a 36month, 15k mi/yr lease. Do you know if there's any additional support? Thanks |
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Replying to: hooops (Aug 06, 2009 8:54 am) Could you please provide current mf and RV for Highlander Ltd AWD and Highlander Hybrid Ltd AWD, 36 month/12k. Also, please confirm if there are other incentives in addition to $1500 & $750 customer cash? Can these cash incentives be combined with the lease rates? Thanks, Brian San Fran, CA
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Replying to: goucla (Aug 09, 2009 12:21 am) |
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Replying to: goucla (Aug 09, 2009 12:21 am) |
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Replying to: brentp (Jul 20, 2009 11:48 am) "Excess wear and use may include the following: * Inoperative mechanical and electrical parts * Damage to the body, lights, trim or paint * Damaged, broken or tinted glass * Torn or damaged interior * Damage from flood, water, hail or sand * Tires with less than 3/32 inch of tread remaining * Missing equipment, parts, or accessories * Excess mileage * Excess wear and tear" Most manufacturers' captive finance companies are fairly reasonable when evaluating the condition of vehicles at lease-end. As long as you can find a dealer that is willing to take your car back from you, there really is not any advantage to returning your car to the dealership that you originally leased it from. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: a64marc (Jul 28, 2009 3:50 pm) The 45% residual value that you mentioned is correct for a 36 month, 15,000 miles per year lease of an '09 Highlander Limited 2WD through TFS, however keep in mind that TFS calculates leases differently than other banks do. The residual value percentages that it publishes are for base vehicles. It places restrictions upon what options can be residualized, which essentially make the effective residual lower than its published percentage. Here's the info that you requested in the CX-9. Chase's (Mazda runs its special lease program through them) current buy rate lease money factor and residual value for a 36 month lease of a 2009 CX-9 Grand Touring FWD with 15,000 miles per year are .00081 and 45%, respectively. Unlike TFS, Chase does not place any restrictions upon the residualization of factory-installed options. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: hooops (Aug 06, 2009 8:54 am) Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Toyota Highlander Sport 4WD with 15,000 miles per year in that area are an amazingly low .00001 and 47%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier. The numbers for the Limited 4WD model are exactly the same. Toyota is providing cash incentives on the '09 Highlander, but they are not compatible with its special lease program. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Aug 13, 2009 2:51 am) thanks! |
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I just ended a painful session attempting to lease this car in Plano, TX. This Limited came with the extra value package #8, car mats, body side moulding, vehicle shield package and a destination charge of $855. MSRP - $38,028. Edmunds shows invoice amount for this car with $800 destination charge as $33,918 ($29,762 + 2,952 + 180 + 125 + 99 + 800). I offered $34,250 and they countered with (purchase price negotiations started after lease negotiations) $36,950. I shared all my Internet-obtained information with the sales manager and increased my offer to $34,800, and he countered with a best and last offer of $$36,900. The best offers I could get for a lease were the following based, according to the sales manager, on a residual of $13,417 and money factor of 0.00285 (6.84%): 48 months - 598/month, 12K miles, 2,500 "down pymt" plus pre-pmt of last month's rent and pmt of license and registration fees; 60 months - 560/month, 12K miles, 2,500 "down payment" plus pre-pmt of last month's rent and pmt of license and reg fees). Using the sales manager's residual and money factor amounts, I calculated and offered to lease this car as follows: 33,070 - 13,417 = 19,653 divided by 48 = $409.44 33,070 + 13,417 = 46,487 times 0.00285 = $132.49 409.44 + 132.49 = 541.93 times 6.25% (sales tax in TX) = $33.87 Monthly pmt = $575.80, no "down payment" but pre-pmt of first month's rent and pmt of license and reg fees with 12K miles I also offered $542 per month for 36 month lease with same terms as above but using residual of 47% and money factor of .0001 calculated as follows: 33,070 - 15,542 + 17,527 divided by 36 = $486.86 33,070 + 15,542 = 46,487 times 0.0001 = $4.86 486.86 + 4.86 = 491.72 times 6.25% = $30.73 Excuse for the foregoing terms ran the gamut for low inventory due to cash for clunkers, Toyota going low with residual amounts given the economy and prior experience with cars coming back off of lease, and a desire to make "just a little bit of profit". Was my experience atypical of what others are experiencing or have experienced? Also, were my offers out of line and/or unrealistic? Any guidance will be much appreciated. |
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