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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
| Can anyone give me the numbers on a 2006 Highlander Hybrid Ltd 2wd Texas lease? Dealer has stated that they will give us invoice on the vehicle (just bought a fully loaded Prius from them three days ago). Looking at a 60 month lease and 12K per year. | |
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Replying to: reorg (Jul 02, 2006 3:32 am) Most people do not lease for 5 years. The conventioanl wisdom is to lease for the length of the bumper to bumper warranty (for example, 3 yr 36k miles for Toyota). You may consider financing it if you are planning to keep it that long. You would have paid most of the depreciation for Toyota in those 5 years, since they own the car during a lease. In financing, you may end up making larger payments in those 5 years, but after 5 years, the car will be paid off. In a lease, after 5 years, you may still owe about 45-50% of the original value. |
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Replying to: reorg (Jul 02, 2006 3:32 am) This is only an example for illustration purposes to show the diff bet a 3 year and 5 year lease, with the special money factor on the 3 year. MSRP of $39,351 and a cap cost of $36,000. On a 3 year lease w/ residual at 57% and MF at .00075, the payment is about $400/mo plus tax. On a 5 year lease with residual at 34% and MF at .00245, payment is about $500 a month. I believe on the Hybrid there is a special 3.9% financing for 5 years. |
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Replying to: mokiavelli (Jul 02, 2006 2:37 pm) 
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Replying to: reorg (Jul 03, 2006 4:01 pm) |
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Replying to: reorg (Jul 03, 2006 4:01 pm) Here is the formular for calculation 36 months lease in California where tax is added to each month of payment (for my city, it is 8.5%) Monthly payment = (rent + depreciation)*(1+tax rate) Depreciation = (cap - residual)/36 rent = (cap + residual)*MF MF - money factor. look like it is 0.00075 for Highlander Hybride which translated to 1.8% Cap is the negotiated price for the vehicle+ all the misc. charge (document fee, license etc.) if it is not paid upfront. For 664, you should be able to get a lexus RX350 instead. |
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CarMan (or anyone who has the info). Would like to know the MF & Residual for this vehicle's 36 month, 12k & 15k Lease. Also as some others have asked, anyone know how Toyota figures the residual they use to calculate their leases? Kinda frustrating after years of leasing Honda products where the pricing and leasing terms are much more simplified. Thanks In Advance, Bill G
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Replying to: reorg (Jul 03, 2006 4:01 pm)
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Replying to: mokiavelli (Jul 04, 2006 3:16 pm) |
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Replying to: Car_man (Jun 25, 2006 8:36 am) Do you know if the program has changed for July? Massachusetts 3 Year 15K/year Thanks!
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