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Toyota Sienna Lease Questions

264 messages,  Last post on Nov 25, 2009 at 12:19 PM

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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#185 of 264
Help me out please by hause7
Jun 27, 2008 (9:30 pm)
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Thinking of getting a Sienna Limited to get rid of our 08 Accord. We are also looking at leasing a 08 IS350 and posted that in the IS forum. Please help me out with monthly payments.
 
We are looking at
36 months
12K miles a year
0 down
8.8% sales tax
Excellent credit
 
What monthly payment would that be?
#186 of 264
Re: calculating Rent Charge [dabeles] by coupedncal
Jun 29, 2008 (3:40 pm)
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Replying to: dabeles (Jun 26, 2008 6:58 am)

"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?"
 
Shouldn't you be subtracting residual from net cap cost? In lease, you only pay for the usage and in this case, usage is $25,585 minus $14,790 = $10,795. Add the money factor to this to get your monthly payment.
#187 of 264
Sienna residual? by hause7
Jun 30, 2008 (6:46 pm)
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What is the Sienna Limited FWD's lease residual value? what is the money factor for top tier credit?
 
I want to figure out monthly payments.
#188 of 264
Just purchased a 2008 Sienna XLE FWD by maweiss
Jul 11, 2008 (8:12 pm)
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Just sharing my experience on today's purchase
 
2008 Sienna XLE FWD - 7 passengers
Color: Gray Metallic
Options: EVP Package# 3, 17" Alloy Wheels
Lease for 36 Months
15K Miles/year
$800 OTD including first month's payment
Monthly Payment: $499 including 7% Local Florida Sales Tax
 
I believe this is a great deal for a car with MSRP of ~$34K.
 
Good luck everyone!
#189 of 264
Re: Sienna residual? [hause7] by Car_man HOST
Jul 15, 2008 (1:33 am)
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Replying to: hause7 (Jun 30, 2008 6:46 pm)

Hi hause7. Toyota Financial Services' lease program varies depending upon which one of its twelve regions you are in. You never mentioned what state you are shopping in, so for now I will provide you with Toyota's New York region program for the Sienna. If you let me know where you are, I can tell you what this van's exact program is in your neck of the woods. You never mentioned what term and mileage allowance you need either, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different.
 
Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a base 2008 Sienna with 15,000 miles per year in its NY region are currently .00023 and 50%, respectively for consumers who qualify for its Tier 1+ credit tier. Keep in mind though that unlike most banks, TFS places restrictions upon what options can be residualized. This makes it very difficult to calculate vehicles' actual dollar residual values and it renders its residual value percentages practically useless.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#190 of 264
Re: Just purchased a 2008 Sienna XLE FWD [maweiss] by Car_man HOST
Jul 15, 2008 (1:55 am)
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Replying to: maweiss (Jul 11, 2008 8:12 pm)

Congratulations on getting your new Sienna, maweiss. Thanks for taking the time to share the details of your lease with everyone. Make sure to stop by the Dealer Ratings & Reviews to share your thoughts on your recent dealer experience as well. Enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#191 of 264
2008 Sienna XLE Limited by needadvise
Jul 15, 2008 (12:11 pm)
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CARMAN: I live in Ohio and this is the offer I got on 2008 Sienna XLE Limited: MSRP:$ 40,323.00 sale price $35,789.00. For 36 months the payment is $596 a month with 12K miles a year with your fronts due a signing which amounts to $922.46. The front are your first payment, tax and tags. I need 15k a year for the miles. This look high to me. What should the lease payment be?
Thanks alot for all you do!
#192 of 264
Re: Sienna residual? [Car_man] by eddieb5
Jul 16, 2008 (4:32 am)
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Replying to: Car_man (Jul 15, 2008 1:33 am)

Can anyone provide the current best lease money factor available in eastern MA on a 2008 Sienna Ltd.
Thanks.
#193 of 264
2008 sienna le evp #2 lease by aseet
Jul 18, 2008 (10:27 pm)
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just got a brand new 2008 sienna le evp #2 lease at south coast toyota from dave in internet sales 562-230-7690. what an honest gentleman!!! with 0 down only 404 per mo! for 36 mos, 12kmi, 15cents after that. the residual is super low too at $13700 in case we want to buy it or trade it in for some equity at the end of the lease. the deal is so good that once we did the math it didn't make sense for us to buy it even if we want it for more than 3 years.
 
i checked out every other vehicle under 50k with 3 rows of seats, this is by far the best one out there - it is kinda the only one out there that met our requirements (easy and safe for our kids, easy to drive, comfortable ride, space for us and our gear even with all seats in use). all of the suv's were a disappointment and the honda is not as nice as the sienna. plus it has toyota's newer 3.5v6 that is silky smooth and powerful.
 
it would be a mistake not to call dave in internet sales at south coast toyota in costa mesa, ca - he will give you the deal over the phone on the car your want. i needed a ride there and he picked me up (nobody wants to go car shopping on a friday night).
#194 of 264
Sienna Lease is up .. Please help by jengene
Jul 20, 2008 (6:53 pm)
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HI all
New to the forum . I thought maybe you can help .
My 2004 Sienna lease is up at the end of august ..
Right now i pay $396.00 a month for the 48 months ,
i called leasing company .. Buyout was 14,000.00
however financing the vechile out would be $ 299.00 or 305.00
I guess my question would be SHould we keep this car or just give it back and get a new one . (Finance a new one )
MY point being is why pay 305.00 a month for a 4 year old car when i could pay 400 a month for a brand new one. ..
ANother question is . Now when/if i give back my car to the leasing company not TOYOTA ..Can i do like a trade in or that has nothing to do with a lease..
My husband keeps sasying if we give back the car now It was like we were renting it for tha last 4 years ..
PLease help
thanks in advance .. NOt sure what to do .
jen

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