Last post on Oct 21, 2013 at 2:09 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Toyota Highlander, Car Leasing, SUV
#683 of 702 Re: Am I getting a fair deal?? [ken117]
Aug 28, 2013 (11:55 am)
If I add the numbers. Here is what I get.
35 payment of 315 35*315= $11025
Down Payment: $2000
Total I am paying in 36 month: $13025+$17802 (Residual)= $30827.
This is almost the selling price of the vehicle. Someone has to pay taxes on this transaction. Looks like its not me. Correct me if I am wrong please.
#684 of 702 Request for September Lease Rates
Sep 07, 2013 (8:41 am)
Hi Car Man,
We are interested in leasing either an SE 4WD or a Limited 4WD Highlander. Can you please provide the money factors and residuals for a 36-month lease with 12,000 miles. (Do they offer leases with 10,000 miles?) We are in the Washington, DC metropolitan area. Thanks!
#685 of 702 Help, I'm in a Mess
Sep 08, 2013 (1:28 pm)
I've really gotten myself in a mess. I leased a 2012 Acura TSX Sportwagon last fall (end of November), coming out of a '05 Gx460. I was bound and determined to save money on gas. Unfortunately, I'm not happy with my choice. It's a nice car, it's just not the car for me. Now, I realize I am negative in my Acura, I believe our current payoff would be about $8-9k over KBB trade. So, it will come down to how much I want out of this car and if I feel it's worth the cost to me.
Looking at a local Toyota dealer (central Florida), I'm seeing an
Dealer/Internet price $32,050
Can anyone help me out on what I might be looking at with a 36 mo/15k lease, maybe $1500 down?
#686 of 702 Re: Request for September Lease Rates [dcgator]
by kyfdx@Edmunds HOST
Sep 10, 2013 (2:25 pm)
I'm sorry... we don't have any reliable numbers for Toyota..
#687 of 702 Re: Request for September Lease Rates [kyfdx@Edmunds]
Sep 10, 2013 (2:54 pm)
Thanks for the response (and similar ones for other cars). Why doesn't Toyota release its lease numbers? Can you provide even dated information or for other trim levels? I'd like some way of comparing what a dealership offered me vs what a monthly would be based on a cap cost I "want" to pay. Any suggestions or do I really just have to negotiate solely on the monthly price?
#688 of 702 Re: Request for September Lease Rates [dcgator]
by kyfdx@Edmunds HOST
Sep 10, 2013 (3:14 pm)
Toyota has about 10 regions, many with different numbers, plus at least two "distributors" that have their own financing programs...
On top of all of that, they have caps on what options they will residualize... so, a 57% residual might only be an effective 53% residual.... Even the dealers can't calculate residuals.. Each unit has it's own residual dollar amount..
So, it's a mess... Many years ago, when our family's choice was between the Accord or Camry, I just gave up on leasing a Toyota... It's not straightforward..
That's not to say you can't do it....
#689 of 702 What am I missing
Sep 26, 2013 (6:27 pm)
I'm new to leasing. 2013 highlander SE, 1st months payment and TTL, lease payment of $320. MF .00001 and residual of 22600. I don't know the purchase price yet. I know I need to know that. Something seems too good. What's the catch?
#690 of 702 Re: What am I missing [globalfuse]
Sep 27, 2013 (4:40 am)
It's actually not that great of a deal. With a residual of $22,600 and a money factor of .00001 (howd you get that, btw? the money factor for awesome credit is .0006), your cap cost is $34,100, assuming a 36-month lease. What's the MSRP? Is there navigation in your SE? Is it AWD? It's also not clear whether your numbers include the $650 acquisition fee or ~$200 processing fee.
Go to Truecar and build your exact car (making sure to take off any incentives that are for purchasers only) and see what 'cap cost' other people are paying is. My guess is it's several hundred dollars cheaper.
#691 of 702 Re: What am I missing [dcgator]
Sep 27, 2013 (4:50 am)
I'm going to have all the numbers sent to me. Because I had not received the sales/cap cost I worked it backwards and it came out to 32800 with $800 due at signing for 1st months payment and acquistion. TTL is extra. I was given that MF directly from the dealer. Again, I need to see a copy of the lease agreement to figure out the exact cost. No nav and it is AWD. Thanks for the info. I will check the website.
Sep 30, 2013 (2:35 pm)
Car Person (whose to say they are male or female?) - had a couple of questions for you. I am interested in leasing an SE w 4WD and V6. No other options. Located in NJ. Can you tell me Money Factor and Residual for a 3/36 as well as a 4/48?
Also - on Honda leases, you can extend the lease 2 times up to a total of 12 months beyond the contractual lease which makes for great flexibility. Can this be done for a Toyota (Assuming it is leased through Toyota Financial). Also, with a Honda, you get up to $1500 of wear and tear allowances and no turn in costs. Does Toyota do this?
Lastly, am also considering getting a CPO Highlander - but - when I look at the CarFax reports on them, they show no maintenance records and for the Honda's they do. Any idea as to why? One thing critical when getting a 4WD or All Wheel drive vehicle is to know that transmission/ differential fluids and trans case fluids have all been changed at proper intervals. I would expect transmission to last well beyond the 100k CPO warranty and without proper fluid changes, that won't happen.
Thanks and sorry to ramble.