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Toyota Sienna Lease Questions

261 messages,  Last post on Nov 15, 2009 at 1:31 PM

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

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#228 of 261 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 261 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 261 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 261 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 261 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 261 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.
#234 of 261 2009 Sienna LE w/option #2 by mscotty Jun 08, 2009 (10:15 am)
Is the residual set by Toyota or buy the individual dealerships? I'm in Rochester NY, and a dealer told me the residual is about $12k...that seems ridiculous, since there are no 3-year old used Siennas on the market for anything close to that low. Just wondering how much bargaining room I have on that - more if it's his number than if it's Toyotas, I imagine. Thanks!
#235 of 261 mf and residual for sienna XLE AWD July by sagideg1 Jul 02, 2009 (6:52 am)
Hi Car_man,   could you please post July money factor and residual for 2009 and 2010 Sienna XLE AWD on 36mo, 12,000 miles lease?   thank you in advance
#236 of 261 Toyota Lease Buyout - New or Used? by daniel44 Jul 09, 2009 (11:02 am)
Toyota Sienna 2006 lease is up in Aug; Trying to buy it but everyone has a different answer. Bank says used. TFS says new. Dealer doesn't want to bother. Should I just extend lease? Daniel44 Replies to this message: isingh (Jul 09, 2009 1:02 pm)
#237 of 261 Re: Toyota Lease Buyout - New or Used? [daniel44] by isingh Jul 09, 2009 (1:02 pm)
Replying to: daniel44 (Jul 09, 2009 11:02 am) I had the same experience back in may although I was trying to lease a new one. Here I am, sitting at the dealership, asking to lease a car the same day. They had the worst lease rates, no incentives to take the car back and on top, would only give me the repair estimates AFTER I returned the car. Couldn't believe that in this economy, they let a customer walk out the door. I just extended the lease for 6 months - deferred the pain a bit. See what happens in 4 more months.

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