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Prices Paid: Buying & Leasing Experiences 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
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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? |
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Northern NJ Looking at 2009 Sienna CE 500 down 12k / year 36 months Any ideas ballpark? Thanks
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Replying to: mkzone (Nov 05, 2008 4:49 pm) 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
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Replying to: Car_man (Nov 12, 2008 4:36 am) 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.
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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
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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 !! | |
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Replying to: mkzone (Nov 12, 2008 1:34 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: 2dflyer (Nov 14, 2008 5:04 pm) 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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I was paying around $298 per month for my no money down (I think it was like $600 at signing - first month and security) and recently asked for a new lease as this is coming up in January. Credit is 800+ This will be our third 3 yr lease in a row with Toyota. I was quoted the high $400s because of "low residuals." So I am considering 1) other options for a lease for a Sienna - am I getting shafted? 2) buying the car as it is in good shape. If residuals are really low, can I negotiate a lower buyback price? My guess is Toyota does not want the car. 3) Is Honda any better? thanks, matcohen
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Car Man or anyone else - My question is buy vs lease - 2009 Sienna XLE package 4 with some other misc options. Specifics of MSRP, invoice and selling price are not critical to my question. I have a lease quote of approx $520/month for 36 mos and 12k/yr with only 1st month and tags at signing. I can purchase the same vehicle with a payment of $590/month for 60 months at 2.9%. My question is, if I plan to drive the vehicle 10-12k miles per year, is there a clear cut decision to make? Historically, I have always leased and like to get a new car every three years but with the trend in lower residuals coupled with the deep discounts and low interest rates for purchasing, the monthly payment for buying and leasing has narrowed and I am now thinking that even if I buy and then decide to sell the vehicle after three or four years, I might be in a better position than leasing. Your opinion is appreciated. I have used these forums for my last two leases and I made out very well in my opinion. Thanks.
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