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Toyota Sienna Lease Questions

259 messages,  Last post on Nov 10, 2009 at 7:15 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Toyota Sienna, Car Leasing, Van


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#175 of 259
2008 Sienna lease by carbuyerkag
Apr 15, 2008 (6:36 am)
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I am interested in leasing a 2008 Sienna either CE or LE 8 or LE 7 (package 1 or package 2) PA Resident.
I leased a 2005 Toyota Sienna CE in May 2005 PA resident.
I am not sure that I got a good deal then so I would like to start by having you review my last lease to show me the pros and cons of my last lease deal.
$3,752.25 due at lease signing
$229.05 for 35 months total $8,245.80
Total Payments at end of lease $11,769
 
Gross Capitalized cost $22,445
Capitalized Cost Reduction $2,381.15
Adjusted Capitalized Cost $20,063.85
Residual Value $14,489
Depreciation and Amortized $5,574.85
Rent Charge $1,990.08
Total of Base Monthly Payments $7,564.93
Lease Payments (36) $210.14 Monthly Sales $18.91
Total Monthly Payment $229.05
 
Breakdown of $3,752.25
Capitalized Cost Reducton $2,381.15
1st Month $229.05
Title Fees $22.50
Registration Fees $36
License Fees $24
Tax on Capitalized Cost Reduction $214.30
Acquition Fee $400
Doc Fee $55
Gap Insurance / Sales Tax $390.25 (325 / 75.25)
 
6/3/05
Pricing Report from Edmunds
MSRP $23,425 plus $470 package 1 and $565 destination charge
Invoice $21,082 plus $376 package 1 and $565 destination charge
Others Paying $22,035 $62 regional adjustment, $417 package 1; color adjustment $44; Destination charge 565
 
Sticker info
2005/5326C
MSRP $23,425
Package 1 $470
Carpet Floor mats / door sill protector $196
Destination Charge $565
Total $24,656
 
Thank you in advance for your assistance.
#176 of 259
2008 Sienna lease by carbuyerkag
Apr 15, 2008 (7:47 am)
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additional info
2005 lease was 3 yr; 45K (15K per year)
#177 of 259
08 sienna le for $360 in chicago by dacarpenter
Apr 17, 2008 (10:11 pm)
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Hey, everybody, was wondering if somebody getting better lease for 08 Sienna LE with AL,QF,CF,FE,RL in Chicago land than $360 a month (36/36000 with $550 due at signing; $360 includes everything). Cap cost is $25,797. Got 360 from two dealers after emailing for two months. Just need your thoughts on this.
#178 of 259
lease terms by napabp
May 08, 2008 (10:25 am)
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what is the best money factor and residual you have found on a Sienna lease (XLE AWD)? I'm in northern ca.
#179 of 259
08 XLE and LE AWD Sienna lease rates by andy2812
Jun 06, 2008 (5:53 am)
Reply
Hi Car_man
 
Can you please get me the 36 month/15K MF and Residual for the 08 Sienna AWD, XLE and LE trim line.
 
Thanks
Andy
#180 of 259
08 Sienna XLE and LE FWD lease rates by andy2812
Jun 12, 2008 (5:58 pm)
Reply
Hi Car_man
 
Can you please get me the 36 month/12K MF and Residual for the 08 Sienna FWD, XLE and LE trim line. You can ignore my prior post asking for the AWD lease rates.
 
Thanks
Andy
#181 of 259
Re: 08 Sienna XLE and LE FWD lease rates [andy2812] by Car_man HOST
Jun 17, 2008 (1:34 am)
Reply

Replying to: andy2812 (Jun 12, 2008 5:58 pm)

Hi andy2812. Toyota's lease program for the 2008 Sienna varies by region. The most common buy rate lease money factor for this van is .00103 for consumers who qualify for its Tier 1+ credit tier, but again this number will vary depending upon which one of Toyota's twelve regions you are in. Toyota Financial Services' current 36 month, 12,000 mile per year residual value for the '08 Sienna LE is 54%. The residual for an otherwise identical lease of an '08 Sienna XLE is 52%.
 
Keep in mind though that TFS places restrictions upon what options can be residualized. This makes it very difficult to calculate the actual dollar residual values for vehicles, so much so that Toyota provides dealers with lists of the residual values for the units that they have in inventory instead of having them calculate them on their own. As a result, it is difficult for consumers to estimate what lease payments should be on Toyota models.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#182 of 259
Sienna XLE Lease- AVP#1- need some help by tishn
Jun 21, 2008 (1:22 pm)
Reply
I'm thinking of leasing a Sienna XLE Lease- with AVP#1. I'd like 12K a year for 36 mos with no money down. If I negotiate a price on the car of 28,800...what would the lease work out to be? Monthly fee plus taxes (%6). I know the factor and residual are governed Nissan but I don't know what how to figure what the bottom line with be. Any help is GREATLY appreciated. Tks!
#183 of 259
Re: Sienna XLE Lease- AVP#1- need some help [tishn] by tishn
Jun 21, 2008 (1:33 pm)
Reply

Replying to: tishn (Jun 21, 2008 1:22 pm)

Oops..meant to say governed by Toyota. Tks again
#184 of 259
calculating Rent Charge by dabeles
Jun 26, 2008 (6:58 am)
Reply
What am I doing wrong here...
 
I'm trying to figure out the finance fee (rent charge) on a 2008 Toyota Sienna LE (option package #1). Gross Cap Cost roughly $26,585.
 
The dealer told me the residual is $14,790 and the Money Factor is .00093.
 
If I put down $1,000.00 that would make the Net Cap Cost 25,585, right?
 
So, using the Edmunds formula, If I add the Net Cap Cost of $25,585 to the residual ($14,790) that gives me a sum of $40,375. Multiply that by the Money Factor of .00093 and you get 37.54. What am I doing wrong?

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