Last post on Feb 11, 2013 at 10:39 AM
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Toyota Sequoia, Car Leasing, SUV
#145 of 160 Re: 2010 Sequoia lease [edpliutx]
Nov 03, 2009 (4:06 am)
Hello edpliutx. Toyota's residual values are definitely much worse today than they were several years ago. Back then, most automakers were significantly overestimating the residual values for trucks, causing them to realize millions of dollars in losses when these vehicles came back off-lease.
Toyota is not currently providing any lease support on the Sequoia. As a result, if you were to lease any 2010 Tree through Toyota Financial Services right now, you would have to use its standard lease money factor, which the last time I checked was .00265 for consumers who qualify for its top aka "Tier 1+" credit tier.
TFS' current 36 month, 15,000 mile per year residual value for the 2010 Sequoia SR5 4WD is 50%.
The problem is that Toyota's published residual values are for base vehicles. It places restrictions upon what options can be residualized that make it difficult to calculate the actual dollar residual values for specific units, so much so that it provides dealers with a list of the actual dollar residuals for the units that they have in stock.
Prices Paid: Buying & Leasing Experiences Forum
#146 of 160 Platinum Sequoia
Nov 09, 2009 (6:13 am)
Can anyone provide a lease payment estimate on the Platinum Sequoia? 3 yrs 12k/yr.
#147 of 160 Recent Sequoia lease rates?
Jan 03, 2010 (12:25 pm)
Curious what others negotiated for a Sequoia lease recently - monthly pmt + any cap cost reduction - excl any TTL? Focused on 36/39 month time frame and the SR5 or Limited 4wd version, 10K miles p.a., but interested in hearing about all deals, esp in if NY Metro region to triangulate on a good number. Thx in advance for the help.
#148 of 160 Re: Platinum Sequoia [bjordan1]
Jan 05, 2010 (3:17 pm)
yes, I second this...
#149 of 160 Re: Platinum Sequoia [monkeyshift]
Feb 04, 2010 (2:14 pm)
I was qouted for a 2010 limited with nav 36month 12k a year for $992.57 w/tax a month with $1415 down. Not a good deal to me. They told me no lease deals with toyota credit.
#150 of 160 2010 Toyota Sequoia Limited RWD
Feb 19, 2010 (3:24 pm)
Does anyone know what the residuals and money factor are for a 2010 Sequoia Limited RWD for 36 or 39 months for 15,000 miles per year. Thanks in advance.
#151 of 160 2006 Toyota Sequoia SR5 Buyout or not?
Mar 01, 2010 (11:43 am)
We have a 2006 Toyota Sequoia, drove it off the lot new 01/2006. Mileage on it is 53K (03/01/2010) and our lease is up in 11 months now. Our monthly is $712.31. Upon reviewing our lease it has a Residual Value of $16,601.72.
Just before I sent off another payment I got these figures from TFS. If we were to buy out the lease TFS website shows $21,691.04 due even though our straight math 12 payments X $ 712.31 = $ 8,547.72 plus the Residual Value of $16,054.00 shows our balance owing should be $24,601.72. There is a $ 2,910.68 difference to our favor.
Currently a similar vehicle in California where we live (mileage make etc) was selling at a dealership for $22,774, another for $23,995.
A Kelly Blue Book Private party price with excellent condition on the vehicle lists it if Excellent $23,510 and if Good $22,260
The vehicle seems to have retained a good portion of its value since new 2010 Sequoias are selling for $39,980 (California).
Here are my questions:
We like the Sequoia, correction: make that love it (don't ask me about our Jeep , or Ford Explorer )
Would we be able to walk into the dealer in 11 months with a Cashier Check's in Hand at a firm $13,000.00? Or maybe a loan from our Credit Union still $13,000?
or is the $16,054.00 price etched in stone? We could just walk away from the dealer at the end anyway. I realize that were talking about almost a year's time but it is never too early to plan. We would like to keep the vehicle but are not "desperate" to do so either.
Any insights would be greatly appreciated.
#152 of 160 Re: 2006 Toyota Sequoia SR5 Buyout or not? [inlostangeles]
Mar 09, 2010 (2:58 pm)
Car Man are u there???
#153 of 160 Re: 2006 Toyota Sequoia SR5 Buyout or not? [inlostangeles]
Mar 25, 2010 (1:30 am)
Hi inlostangeles. Your truck's end of term purchase option price is between you and the bank that you are leasing it through. If you're interested in trying to negotiate your Sequoia's purchase price, place a call to Toyota Financial Services a month or two before the scheduled end of your lease and see if they are willing to work with you.
If your initial contact at TFS isn't willing or able to negotiate, you may have better luck working your way up the ladder to a manager. There's no guarantee that TFS will lower your Sequoia's purchase price, more often than not banks won't, but you don't have anything to lose by trying.
Prices Paid: Buying & Leasing Experiences Forum
#154 of 160 2010 Sequoia Platinum Lease Figures
Apr 20, 2010 (6:13 pm)
Can you provide the residuals and money factors for Platinum 36 mos. and 39 mos. w/ 12,000 miles?