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Toyota Sequoia Lease Questions

146 messages,  Last post on Nov 09, 2009 at 6:13 AM

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

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#135 of 146 2008 Sequoia Lease by sequoiahunter Feb 23, 2009 (4:50 pm)
Hi Car man,   I know this has been asked a lot of times already. My lease on my SR5 2006 Sequoia is going to be up in May of this year and I know you have mentioned that the residual values are terrible right now on the 2008. So I'm wondering if it is just best wait it out till the lease is actually due to see if Toyota makes some kind of change and then make a decision. Since it doesn't look that good right now it looks like I should wait. I do like the new Sequoias and it has been dependable so I would like to stay with the Sequoia. But I don't want to get slammed with a horrible residual. I'm self-employed so I do right off the lease. I can buy out the 06 for $23195.00. I'm in San Jose, CA. Replies to this message: Car_man (Apr 15, 2009 1:52 am)
#136 of 146 2 years left on lease - buy out now? by massguy2 Apr 09, 2009 (5:57 pm)
Hi have 07 Lmted 4wd Seq. - have a little over 2 years left on lease (5 year lease) - paying $605/month - I am still not over my mileage allotment and love the car - does it make sense to try and buy it out now - or even roll over to a new car - not a sequoia but a sienna - family expanding again.   Thanks for any insight and/or experiences. I am in Massachusetts. Replies to this message: Car_man (Apr 15, 2009 1:58 am)
#137 of 146 Re: 2008 Sequoia Lease [sequoiahunter] by Car_man HOST Apr 15, 2009 (1:52 am)
Replying to: sequoiahunter (Feb 23, 2009 4:50 pm) Hi sequoiahunter. If you really have your heart set on leasing a Sequoia then you don't have a lot to lose by waiting. Toyota's lease program on it certainly won't get any worse between now and the end of May (its residual value percentages are quarterly). While unlikely, it is possible that Toyota would introduce lease support on the 2009 Sequoia in the near future. If the program doesn't change it doesn't make a whole lot of sense to lease to me to lease one.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#138 of 146 Re: 2 years left on lease - buy out now? [massguy2] by Car_man HOST Apr 15, 2009 (1:58 am)
Replying to: massguy2 (Apr 09, 2009 5:57 pm) Hi massguy2. If you love your Sequoia, why would you buy out the lease now? Chances are it would be fairly expensive to do so. Banks are much more likely to be willing to negotiate the purchase prices of leased vehicles at the end of their term. There's virtually no chance that Toyota Financial Services, or whichever bank you are leasing your Sequoia through, will work with you now.   Furthermore, the fact that you are leasing your truck actually provides you with some protection. In your Sequoia is involved in an accident at some point over the next two years and you're still leasing it, you can just return it to TFS at lease-end and let them take the hit for diminished value. If you own your truck, you will have to take the hit.   Also, who knows what will happen over the next two years. The price of gas could spike up a couple of dollars again and you might decide that you want a more fuel efficient vehicle than the Sequoia. Getting out of it in the event of a return of high gas prices will be a lot easier if you are leasing it.   What I'm trying to say is that continuing to lease provides you with flexibility that purchasing your vehicle doesn't.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#139 of 146 2006 Sequoia Lease Options by nohojo Jun 22, 2009 (8:02 am)
I have a 2006 Sequoia SR5 with leather, Rear DVD entertainment, many other options with 38 K miles. I'm getting conflicting messages from a couple of local dealers (southeastern PA) about the value of this car on the market. The residual value per contract is $23500. Adding taxes and fees I would need to pay $25K. Is it a good deal?
#140 of 146 Sequoia Lease by maf1 Jul 02, 2009 (9:52 am)
Car Man, have the leases for Sequoias improved for June? Do you know the RF and MF and if there is any support for the dealers? Thank you Replies to this message: Car_man (Aug 14, 2009 1:57 am)
#141 of 146 Re: Sequoia Lease [maf1] by Car_man HOST Aug 14, 2009 (1:57 am)
Replying to: maf1 (Jul 02, 2009 9:52 am) Hi maf1. Unfortunately, Toyota still is not providing lease support on the 2010 Sequoia. As a result, if you were to lease one through Toyota Financial Services right now, you would have to use its standard lease program. TFS' current buy rate lease money factor is .00265 for consumers who qualify for its top aka "Tier 1+" credit tier and pay a security deposit at lease signing.   this truck's residual values vary by trim level. If you describe the exact Sequoia that you are interested in, I would be happy to give you its current resid.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#142 of 146 2010 Sequoia lease by edpliutx Oct 17, 2009 (7:34 pm)
Car_man,   I am looking at leasing a base model 2010 Sequoia SR5 4x4 and was wondering how the residuals are as compared to past years. I was hoping that residuals were decent enough to allow me to lease this vehicle -- otherwise I'm gonna have to look at the...yawn....Sienna. Is Toyota throwing anything behind these vehicles either via boosted residuals or subsidized money factors?   Thanks! Replies to this message: Car_man (Nov 03, 2009 4:06 am)
#143 of 146 Leasing vs buying - Car_man by jac1304 Oct 17, 2009 (8:30 pm)
Seems like all the Sequoia's are sitting on lots around here. Any idea on thought if incentives are coming down the road in near future. Can't be a huge market for these with the price and no incentives. Thanks
#144 of 146 Sequoia lease by cjo2009 Nov 02, 2009 (8:07 am)
Hi, My 2006 Sequoia is coming off lease in December. I love this car and can buy it for $23K. I am not sure if that is a good deal or not. I was quoted around $850/mo to lease a new one. What are other good leasing alternatives for an SUV this size? I don't want to go over $500/mo.

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