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Toyota Sienna Lease Questions

257 messages,  Last post on Nov 06, 2009 at 1:57 PM

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

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#224 of 257 Re: 2006 Sienna lease end but chipped windshield [twinmom1] by rlmiller9 Jan 26, 2009 (4:38 pm)
Replying to: twinmom1 (Jan 20, 2009 9:21 pm) Definetly replace it yourself, I have leased 6 vehicles in the last 15 years and that and tires are the first things they look at. If you have to pay dealer list for a windshield it will probably be double what you would pay to have an independent glass installer come to you and fix or replace.   Trust me on this one.
#225 of 257 Re: Sienna MF [Car_man] by jrm005 Feb 06, 2009 (4:49 pm)
Replying to: Car_man (Jan 26, 2009 3:45 am) I am in North Carolina. Has the MF or residual changed for February?
#226 of 257 SoCal 2009 Sienna XLE Lease by jbishop637 Feb 12, 2009 (2:26 pm)
Following are my lease details. Carson Toyota on 02/09/09.   Sienna XLE Option Package #4 Slate Metallic   MSRP: $34,950.00 Cap Cost: $31,482.00 Residual: $15,349.00 Money Factor: 0.00158 Drive Off: $886.61 Term: 36 mos Mileage: 12,000 / yr Pre-tax Payment: $541.21 / mos Payment w/Tax: $585.86 / mos
#227 of 257 Re: Help needed [RedBlueFish] by Car_man HOST Feb 13, 2009 (3:37 am)
Replying to: RedBlueFish (Jan 26, 2009 9:52 am) Hi RedBlueFish. Here's the information that you're looking for. Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Toyota Sienna LE with 12,000 miles per year in its Cincinnati region are .00158 and 48%, respectively for consumers who qualify for its Tier 1+ credit tier.   Keep in mind though that TFS places restrictions upon what options can be residualized, making it difficult tor consumers to calculate the actual dollar residual values for specific vehicles.   The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Shop around for the lowest possible price on the '09 Sienna that you want, ideally one that is as close to dealer invoice as possible, and then have the dealer calculate your van's lease payment. Toyota's current customer cash incentive on this model is not compatible with its special lease program.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#228 of 257 What's with the residuals and money factors? by isingh Mar 03, 2009 (5:36 pm)
My 2006 LE's lease is coming up in a couple of months. Just visited a couple of dealers and was flabbergasted by the current residuals and money factors. I leased the 2006 LE with one power door, garage opener etc with 0 drive off - $338/month including california taxes. The same car today will cost me more than 475 a month? The residuals have been lowered from 60% in 2006 to 45% in 2009. The money factors are terrible!   I don't get, in this economy, while this dealer has an inventory of over 80 siennas on the lot, they are trying to sell me the same car for 50% more than what I pay for it right now? What in the name of *#&$*#&$ is going on?   Anybody have any explanations for this? Any strategies other folks in the group have used? Replies to this message: Car_man (Mar 20, 2009 3:19 am) tradermom (Mar 24, 2009 5:28 pm) Car_man (Apr 15, 2009 2:04 am)
#229 of 257 Re: What's with the residuals and money factors? [isingh] by Car_man HOST Mar 20, 2009 (3:19 am)
Replying to: isingh (Mar 03, 2009 5:36 pm) Hi isingh. As I said in a recent post, major recessions are like Chuck Norris to the value of used vehicles. The problem is that the vehicles that banks leased several years ago are coming back today worth nowhere near what they estimated they would be. These residual value losses are costing banks millions of dollars. The banks that still lease vehicles, many like GMAC and Chrysler Financial have pulled the plug on leasing completely, are being a lot more conservative in their residual value estimated. Since the estimated depreciation accounts for a huge chunk of lease payments this phenomenon is causing leasing to become more expensive at the absolute worst time for manufacturers and dealers, compounding their sales woes.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: tradermom (Mar 24, 2009 5:28 pm) Car_man (Apr 15, 2009 2:04 am)
#230 of 257 Re: What's with the residuals and money factors? [Car_man] by tradermom Mar 24, 2009 (5:28 pm)
Replying to: Car_man (Mar 20, 2009 3:19 am) hi Car man: The latest promo from Toyota for an LE Sienna is very expensive. 369 per month with 1999 plus first months payment. Does not include tax. Can I find a better deal ? Also looking at a Honda Odyssey trying to find a great Minivan and not spending more than 350 with no money down. I have a 2005 Odyssey that is an EX-L with DVD for 400.00 per month no money down. Thanks for your help, tradermom Replies to this message: Car_man (Apr 15, 2009 2:04 am)
#231 of 257 Re: What's with the residuals and money factors? [tradermom by Car_man HOST Apr 15, 2009 (2:04 am)
Replying to: tradermom (Mar 24, 2009 5:28 pm) Hey tradermom. Savvy consumers who are in an area that has a decent level of competition can almost always negotiate a lower selling price on the vehicle that they want, and in turn a lower monthly payment, than manufacturers' advertised deals.   The Honda Odyssey might indeed be a little less expensive than the Toyota Sienna to lease at this point. You definitely should check it out. The only other minivan out there that has a decent lease program available on it that comes to mind is the Volkswagen Routan, but it probably won't be any cheaper than the aforementioned vehicles.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#232 of 257 Lease Buy out by drew27 May 04, 2009 (6:41 am)
Wondering if anyone has any insight: my 2006 Sienna LE with 20,000 miles is coming off lease at the beginning of August. The lease is held by USBank, which has quoted a payout of $15,816 if I want to keep the car. Checking online price guides, this seems ok. Does anyone have experience trying to negotiate a lower price? If so, any effective techniques that work? Thanks for any insight.
#233 of 257 2009 XLE 7 with option 3 by glebedin May 07, 2009 (2:46 pm)
Replying to: RedBlueFish (Jan 26, 2009 9:52 am) Car Man, please help on this lease offer. (36 months/ 12k) $466.42 +7% tax = $499.07   Cash Rebate $800 Inception Fee $1621 Total Cash $821   Original MSRP $32567 Maximum Adv $36518 Resid 46% $14980 Mileage Adj+1% $325 Adjusted Res $17401   Dealer Cost $28497 Selling Price $28747 Price Adjust $821 Adjust Sell Price $29568 Assignemnt Fee $695   Total Cap Cost $30263   What do you think about this deal?   thanks for your input.

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