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Prices Paid: Buying & Leasing Experiences Toyota Highlander Lease Questions
410 messages, Last post on Dec 02, 2009 at 12:30 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: xrunner123 (Jun 13, 2006 4:27 am) Car_man Host Prices Paid Forums
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Replying to: cidchris (Jun 24, 2006 8:15 am) Car_man Host Prices Paid Forums |
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Replying to: Car_man (Jun 25, 2006 8:36 am)
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Car_man, I live in San Diego and am looking to lease either a 4 or 6 cylinder 2WD Highlander NON-Hybrid, could you give me the money factor and residual percentage on those 2 vehicles? I am looking at 36 months, with 12,000 miles per year. One dealer offered me a lease of $238 a month for 36 months and 12k miles per year on a 2WD 4 cylinder base, with a MSRP of $25,664. Drive off is about $1k. I wonder how that deal is. Thank you so much for any help you can provide.
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Car_Man, Would you kindly post the current Money Factors and Residuals on the NON-hybrid Highlanders? I am interested in the 4cyl AWD model for 36Month and 12K (or 15K) miles. As soon as you can would be great as I am looking to help my sister and family to get this vehicle in the next couple of days in Massachusetts. THANKS!
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| The dealer here in Mass has quoted me an unbelievable MF of .0001 for 36Mos w/ 12K miles and residual of 60% for a payment of $221/month. The MSRP is $28345.00 (base 4cyl w/ Sunroof, Alloy wheels, Mud Flaps, Privacy Glass and NE Emissions)and quoted CAP is $24500.00 (selling price). Drive off fees quoted at $930 and includes a $400 bank fee, $309 for Registration and $221 first payment. I am not sure if there is a security deposit but think it is waived. We are trading a 96 Jeep Grand Cherokee with 162K miles and using the equity for drive off fees so it's 0.00 out of pocket. Should we jump on it? | |
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Replying to: Car_man (Jun 25, 2006 8:33 am) 4-Dr LTD 4x4 V6 SUV GY Airbags HD heated seats LA Leather seat TD Tow prack W JBL Premium CD CF Mats MSRP- $35,874 Agreed value $33,486 tax $914 Aq fee= $400 Gross Cap cost= $34,143.41 Cap cost red= $658 Adj cap red= $34,143 15k/yr, 36 mon Residual value $19,410 monthy payment $428 Can you tell me if this is a good deal and maybe some analysis? I don't know the money factor and the residual %. Also can you send me that spreadsheet to xrunner123  comcast.net Thank so much |
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Replying to: Car_man (Jun 25, 2006 8:33 am) Thanks |
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2WD Base Highlander Hybrid in San Diego MSRP 33,912 Z1- Preferred Accessory Sale price: 29,950 Acq/Bank Fee: 400 Total Drive off: $1,500, includes DMV fees, tax, 1st payment and $750 cap reduction. 36 month, 12,000 per year $325.XX + $25.XX tax =$350.XX Residual: 56.5% Money Factor: .00075 How does this lease sound?
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| We ended up getting the Highlander for the $221 per month (as posted above) with 0 out of pocket. At the last minute we were suprised with a finance manager saying that Gap Insurance would be an additional $11 per month. I have leased many cars (but no Toyota's) and this is the first time Gap has not been included. We ended up getting it for $9 per month for a total payment of $230 per month (including Mass 5% tax) but I was not happy that this was not disclosed to me. Also the fact that the price was negotiable made me wonder what the true cost is. Anyway, I hope we did OK. I know the MF of .0001 was unbelievable and the CAP of $24500 was good. This CAP price was in lieu of the $1200 rebate as I was told (and shown documentation from Toyota) that this was not applicable with the special MF. It was more difficult for me to negotiate this lease as this was not an advertised lease that I could check up on. We are pretty happy overall. | |
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