Last post on Apr 19, 2013 at 5:39 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Toyota Sienna, Car Leasing, Van
#156 of 407 Re: ..thanks urbanomad...I got a great deal [svofan2]
Nov 20, 2007 (9:16 am)
I recently went to Prestige Toyota in Ramsey, NJ regarding the nationally adveritsed 2008 Sienna Lease deal.
The current national deal is $249/month for 36 months, $2199 down not including tax title, registration, license.
They offered me the following lease deal:
2008 CE 7 Passenger $239.month, $4000 down (includes all fees) Gap Insurance Included
2008 LE 8 Passenger $259 month, $4000 down (includes all fees) Gap Insurance Included
Part of the down can be rolled accordingly into the monthly by dividing how much you want to take off the down by 36 months. So I was leaning for the LE 8 passenger deal chopping it down to $2000 down and upping the monthly to $314 a month.
It seems like a good deal and prestige is telling me this is highly aggressive based on the national campaign. I am about to go to Glen Toyota tonight and see if they could do better, but wondering anyone had any input regarding the current nationally lease deal on the 2008 Sienna. Should I jump at this? Or take a look at another dealer?
#157 of 407 Sienna XLE Limited AWD
Dec 12, 2007 (9:57 pm)
I am shopping for Sienna XLE Limited AWD to lease for 36 months 12k miles.
with option package QL( AKA option package #2) and HZ package.
I have the following offers for zero down, tax tags everything included. Zero out of pocket:
For In-stock colors: $605 a month for 35 months.
For Pearl White color I want: $617 to $650 a month for 35 months.
Are these good deals? Anything better, please post.
#158 of 407 Re: Sienna XLE Limited AWD [njsienna]
Dec 13, 2007 (5:39 am)
That seems high to me, what are they using for a price of the vehicle ?
After 35 months you will have paid them over 21,000
Not sure how much driving you do, but 12k miles a year is not alot and if you go over that is more money.
You can lease a Mercedes for that kind of $
#159 of 407 Question re: buying out lease early
Dec 27, 2007 (11:15 am)
I recently came into a very small inheritance and am now able to purchase my van.
I am just not sure if it makes sense or not.
I own a 2005 Toyota Sienna XLE which is selling locally around $33,000cdn.
My current buyout value is $28,000 plus 15% tax and I am paying $661/mth and halfway through the lease term.
Any thought or ideas of the pros and cons of buying this lease out early.
#160 of 407 Re: Sienna XLE Limited AWD [njsienna]
Jan 07, 2008 (7:27 pm)
That sounds way high. I just leased a Sienna XLE Limited AWD with Option Package No. 2 with tow prep. and daytime running lights. MSRP $41,024 (with metallic paint).
$545 month (including tax)
$1,650 at signing (includes MVC fees, bank fee and first month).
Glen Motors, Fairlawn NJ.
They were also very fair on my trade.
Prestige Toyota (Ramsey, NJ) wanted $570 per month for similar car (but without metallic paint or tow package) or $527 with $3,000 at signing and offered $1,250 less for my trade.
For more on Glen Toyota's pricing (and the name of the particular salesman) see posts by urnabnomad and svofan2 (and thanks to them for shedding the light on this dealership).
#161 of 407 Re: Question re: buying out lease early [countrydriver]
Jan 10, 2008 (12:11 pm)
Do NOT buy your car!! Think about it this way - if you "invest" ~$30K in your 3 year old car, it will be worth about half of that in another three years. Do you think getting a -50% return on your money is a good idea? At the very least put the money in a savings account and use the interest to help pay off your monthly payments. A car is the WORST "investment" you could make.
#162 of 407 Re: Question re: buying out lease early [ballhogg]
Jan 11, 2008 (7:00 am)
Thanks for your thoughts ballhog!
The reason that I am thinking about buying it out is so that I can sell it privately and purchase the "08 Sequoia.
I know that trading in a leased car is never a good idea - so that is why I thought about this scenerio.
#163 of 407 Current Sienna Rates
Jan 11, 2008 (2:36 pm)
Car man (or others)-
Any info on the current money factor/residual etc for the Sienna (LE AWD) this month from TFS?
#164 of 407 Residual?
Jan 11, 2008 (8:57 pm)
What is the residual value? the trade-in, retail, or private party? How can you figure it out? i want to work out lease payments on an 08 Limited.
#165 of 407 Re: Question re: buying out lease early [countrydriver]
Jan 13, 2008 (8:50 pm)
Hmmmm.....IF you really want the Sequoia, try to line up a buyer for your Sienna BEFORE you actually buy it out. One of the main reasons why I lease is so that I don't have to deal with the hassles of selling a car. It's not easy, especially at that price point. I had a 3 year old Accord in mint condition and it took me a while to sell it.
I'm not familiar with Canadian tax laws (just the casinos and gentlemen's clubs but do you have to pay 15% for buying out the lease or that the standard tax for buying a car? That still seems like a lot.
$30K invested with a 12% return will double in 6 years, just something to think about.