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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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#200 of 264
new lease specials? by awinner
Oct 19, 2008 (9:24 pm)
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So what are the new lease specials in the so cal area.
FWD, 3.5-Liter V6, XLE 7-passenger, 5-Speed Automatic $29,725
Option C $4,390
Exterior:Slate Metallic
Interior:Stone Leather
3 year lease, 12K miles,...what do you think should be fair.
#201 of 264
Re: new lease specials? [awinner] by marinite
Oct 19, 2008 (9:59 pm)
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Replying to: awinner (Oct 19, 2008 9:24 pm)

Ditto for the same van - except in NoCal... anyone have info? Money factors, residual ranges?
 
Thanks,
Marinite
#202 of 264
by awinner
Oct 21, 2008 (7:49 am)
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Here is what I am Looking for
2009 XLE Sienna
Package #C
Grey exterior/Leather interior
3 year lease
12k miles year
$1,000 total drive off
$475/month including tax
Is this doable in the So Cal area?
#203 of 264
What should payment be? by mkzone
Nov 05, 2008 (4:49 pm)
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Northern NJ
Looking at 2009 Sienna CE
500 down
12k / year
36 months
 
Any ideas ballpark?
Thanks
#204 of 264
Re: What should payment be? [mkzone] by Car_man HOST
Nov 12, 2008 (4:36 am)
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Replying to: mkzone (Nov 05, 2008 4:49 pm)

Hi mkzone. I can't tell you exactly what your lease payment should be on this van, but I can provide you with the necessary information for you to negotiate a good deal on one.
 
The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Shop around with a few dealers in your area for the lowest possible selling price. Given how slow the market is right now and how much competition there is in your neck of the woods, I personally don't think that you will have much trouble finding a dealer that will sell you an '09 Sienna for around $500 over dealer invoice. You may want to stop by the "Toyota Sienna Prices Paid and Buying Experience" discussion for additional feedback on how much you should pay for this model right now.
 
Once you have arrived at a selling price that you are comfortable with, have the dealer calculate your Sienna's monthly payment using its current buy rate lease money factor of .00075 (for Tier 1+ customers in its New York region) and you're all set.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#205 of 264
Re: What should payment be? [Car_man] by mkzone
Nov 12, 2008 (1:34 pm)
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Replying to: Car_man (Nov 12, 2008 4:36 am)

Thanks for reply
There are saying the lease money factor is .00166 (3.9%) and you are stating .00075 (1.9%) is this a fixed number? or each dealership makes up numbers? does it vary for different types of cars? I am tier 1 rated.
#206 of 264
Raleigh, NC Money Factor by 2dflyer
Nov 14, 2008 (5:04 pm)
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We're shopping leases comparing an '09 Honda Odyssey EX and '09 Sienna XLE. Honda's initial offer is invoice and a 0.00191 money factor on a 36 month lease with $2000 at signing. One Toyota dealer said they could not compete and didn't even offer a quote.
 
In explaining their inability to compete the dealer said they could compete on a purchase but not a lease. This makes little sense to me. Isn't purchase price independent of lease or buy? If they should be able to something near invoice are the NC money factors so high that they can't compete?
 
What should money factors be for both Honda and Toyota in this area?
 
Thanks much,
Allan
#207 of 264
2009 Sienna Limited w/ RES AWD/FWD 36 mo 15k by 03qx
Nov 15, 2008 (9:43 pm)
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Car Man, could you please give me the residuals and money factors for a 2009 Sienna Limited w/ RES in both AWD & FWD on a 36 mo 15k lease in Southern California. Thanks !!
#208 of 264
Re: What should payment be? [mkzone] by Car_man HOST
Nov 21, 2008 (2:59 am)
Reply

Replying to: mkzone (Nov 12, 2008 1:34 pm)

You're very welcome, mkzone. Yes, the .00075 money factor that I mentioned is available on all 2009 Sienna trim levels at all dealers in your state to consumers who qualify for Toyota Financial Services' top aka Tier 1+ credit tier. If your credit is in great shape, the only reason why this van's money factor would be higher is if the dealer that you are negotiating with was trying to mark it up to add additional, hidden back-end profit to your deal.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#209 of 264
Re: Raleigh, NC Money Factor [2dflyer] by Car_man HOST
Nov 21, 2008 (3:09 am)
Reply

Replying to: 2dflyer (Nov 14, 2008 5:04 pm)

Hi Allan. Honda Finance's current buy rate lease money factor for a 36 month lease of a 2009 Odyssey in your area is currently .00161 for consumers who qualify for its top aka "Super Preferred" credit tier and pay a security deposit at lease signing.
 
While I haven't seen the lease program for the 2009 Sienna in your area because you are in Toyota's Southeast region which is an independent distributorship, I suspect that the dealer was implying that lease program for the Sienna in your area is not competitive with the Odyssey's, but that he could use the cash incentives that are available in your area and a significant dealer discount to offer you an attractive purchase price.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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