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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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#72 of 146 Phone call from dealer about early lease return by bnesti May 11, 2007 (10:00 am)
I am currently 25 months into a 36 month lease on a 2005 Toyota Sequoia.   Last week, I received a call from the dealer I purchased the vehicle from... telling me that they had reviewed there past purchase files, and that I was in the "safe zone" for an early return.   What does that mean?   My guess is that I would go trade it in, and the dealer would try to make up any $$ difference (between payoff & value) in the price of the new car. Why else would the dealer want me to return a lease vehicle, that likely has more owed on it than it is worth. My current payoff is about $29960.   I could see maybe 1-2 months out... to ensure another sale of a Toyota, but 11 months out seems really early to me.   Anyone else get similar calls before?   Thanks.   Bryan Replies to this message: Car_man (May 22, 2007 2:20 am)
#73 of 146 Re: May Lease SR5 2WD [floridatarheel] by Car_man HOST May 22, 2007 (2:17 am)
Replying to: floridatarheel (Apr 27, 2007 10:30 am) You're welcome, floridatarheel. Toyota's special lease program varies by region. In most areas outside of the Southeast region, Toyota Financial Services' buy rate lease money factor for the 2007 Sequoia is .00179 for consumers who qualify for its "Tier 1+" credit tier. This money factor is not available in the Southeastern U.S. because as part of its agreement with the Southeast region distributor, SE Toyota gets to offer leases through its own bank. When Toyota first came over to the U.S., Jim Moran (who recently passed away) won the exclusive rights to distribute its products in the Southeast. It's a pretty sweet deal for him and his company, which he turned into a multi-billion dollar enterprise. Unfortunately, it's not that great for consumers in your area.   Car_man Host Prices Paid Forum
#74 of 146 Re: Phone call from dealer about early lease return [bnesti] by Car_man HOST May 22, 2007 (2:20 am)
Replying to: bnesti (May 11, 2007 10:00 am) Hi Bryan. Your assessment of this situation sounds about right to me. It appears as though your dealer is trying to entice you to get out of your current truck before the scheduled end of your lease. Toyota is not offering any sort of special program that lets TFS lessees out of their deals 11 months early for free, so if you are upside down on your current lease (as I suspect you are) the dealer will probably try to make up for it by giving you a worse than normal deal on your new vehicle.   Car_man Host Prices Paid Forum
#75 of 146 Re:Help on Lease Rate '07 Sequoia SR5 4WD by nacho2 Jun 02, 2007 (9:02 am)
Replying to: Car_man (Mar 22, 2007 3:11 am) Hello Car Man, The vehicle in Rochester that we are interested in is a 2007 Toyota Sequoia SR5 4x4. Msrp of $38,173, invoice of $34,423, and he is giving it to us for a selling price of $33,498, 36 mo, $413/mo, MF of .00179, $4000 down(our trade in) and I am hoping ot get more for the car but I told him just to go with a $4000 down cash. The residual on this vehicle is $20,621 is that correct? Can I do better on the lease payment which is $413, also how much would the lease payment decrease if I received and extra $1000 for my car. Lastly, do you know the MF for June for Tier 1 through Toyota Financial Services. Thank you very much for your time and consideration Replies to this message: baseballmom97 (Jul 19, 2007 9:13 am)
#76 of 146 Short-Term Lease (1 year) -- Is It Possible?? by baseballmom97 Jul 19, 2007 (9:13 am)
Replying to: nacho2 (Jun 02, 2007 9:02 am) I have an '04 Toyota Sequoia -- the lease on this SUV ends in Dec. 2007. I'm looking at a GMC Acadia or Honda Pilot, however, I want to wait to see the redesigned Pilot which may come out in '08 as an '09 model.   My question is: Should I extend my Sequoia lease for a year(and probably have to replace tires, perform service etc.) or should I lease a replacement vehicle for the shortest term possible in order to buy me time to look at the Pilot?
#77 of 146 Question for Carman by baseballmom97 Jul 23, 2007 (6:35 am)
Hi Carman, just wondering if you could answer this question:  I have an '04 Toyota Sequoia -- the lease on this SUV ends in Dec. 2007. I'm looking at a GMC Acadia or Honda Pilot, however, I want to wait to see the redesigned Pilot which may come out in '08 as an '09 model.    My question is: Should I extend my Sequoia lease for a year(and probably have to replace tires, perform service etc.) or should I lease a replacement vehicle for the shortest term possible in order to buy me time to look at the Pilot? Is it possible to lease for 1 year or 18 months? Thanks! Replies to this message: Car_man (Aug 07, 2007 2:21 am)
#78 of 146 Re: Question for Carman [baseballmom97] by Car_man HOST Aug 07, 2007 (2:21 am)
Replying to: baseballmom97 (Jul 23, 2007 6:35 am) Hi baseballmom97. It really isn't possible to lease a vehicle for 12 to 18 months. A few banks might allow this short a lease, but it would be prohibitively expensive. The shortest relatively attractive term that most banks offer on leases is 24 months. Even then, 24 month leases are usually more expensive than 36 month leases. This is usually the case because new vehicles experience their most rapid depreciation during the first year of ownership. A 36 month lease has 12 more payments to spread out this large initial depreciation hit out over than a 24 month lease does.   If you want to go with a short lease of a new vehicle, you probably are going to have to go with a 2 year lease. If you feel as though that is too long a time then your best bet is probably to extend your current lease for a little while.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#79 of 146 2008 Sequoia Leases by wmsc998 Feb 09, 2008 (9:07 pm)
Can someone give me an idea of the lease money factor for a 2008 Sequoia Platinum in the Kansas City area? How well are the dealers negotiating off of MSRP?
#80 of 146 Money factor by jpod Feb 19, 2008 (8:43 pm)
Any idea of what leases are running for 2008 Sequoia's?
#81 of 146 2008 Sequoia, need a truck this weekend - MILWAUKEE by fabera Feb 25, 2008 (4:58 pm)
Hi Carman, Just got 2 quotes on an '08 sequoia limited 4x4, they were both roughly the same at $47,600 (Sticker for around 52k and change). I then asked for a 12k mile 36 mo lease from both dealers. The one dealer got back and advised $1600 due at signing, and $736 a mo plus tax!!!!   I almost dropped my phone, I was completely shocked. I knew their not pushing them like 4runners, and lease rates would be as attractive, but thats $16 per thousand, when the 4runner is $10 per thousand. This doesnt even seem reasonable. I was prepared to shell out mid 500's, but $736 for a toyota??   Im in a catch-22 as my current lease on my 4runner is up in a month, but Im at mileage limit so need to act quickley, hopefully this weeknd. Im a tier 1+ returning lesee.   Does this seem accurate, what are MF and residuals % for this month? Replies to this message: web2323 (Feb 27, 2008 5:55 pm) fabera (Feb 29, 2008 11:02 pm)

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