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Toyota Sienna Lease Questions

270 messages, Last post on Dec 06, 2009 at 11:20 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Car Man, What lease plan is the Southeast region having exactly? Each dealer here in NC seems to vary... Lease now or wait for April? I was hoping Toyota may try to give good deals to compete with Odyssey ranking #1. |
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Hi Car_man, Could you look over my calculations and tell me if I'm correct? I don't know what the mf and residual is for Florida but I'm going to assume .00145 and 61% for 36 months with 12,000 miles per year. I'm looking at a 2006 Sienna LE 7 w/ LE Package #5. MSRP is $30,703 (includes $650 destination charge). $30,053 * .61 = $18,332 (Residual Value) The selling price is $27,562 (Cap Cost) (27,562 - 18,332) / 36 = $256.39 (Depreciation Fee) (27,562 + 18,332) * .00145 = $66.55 (Finance Fee) 256.39 + 66.55 = $322.94 (Lease payment before taxes) |
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Hi, Does this lease make sense? 2006 LE 8 seater - BZ package $2000 Down (1st mth included) + Tax + DMV then 250 for 35 mths Reddy |
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Replying to: Car_man (Mar 26, 2006 6:38 am) |
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I just worked with (and turn down) a dealer in Laurel, MD to lease a 2006 XLE Limited FWD with the Option Combo A and carpet floor mats. The MSRP was $38779 (includes freight of $565) with a 36 month residual quoted as $20199 (only about 52%). This seems low compared to numbers I've seen on this forum. The MF was good 0.0018 but the unexpectedly low residual pushed the payments out of my reach. Is this a reasonable residual or is Toyota playing with the residual to offer the good MF?
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Replying to: bgeese (Apr 21, 2006 7:05 pm) |
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Hi, My current lease on a 2004 Sienna is up May 28. I would like to lease a 2006 Sienna (beginning in early June). for 36 months, 15,000 miles a year, zero down, Sienna LE 7 seater, with pkg #1. I live on Long Island, in New York (Nassau County or eastern Suffolk County are fine). Does Toyota have any deals? Can you suggest a best leasing price? I assume monthly payments are based on gross capitalized cost, residual value, depreciation, and rent charge. Also, I think the dealer will want to buy back the car, saving me the disposition fee on the current leased model. |
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| Carman, Thanks for great site. Your info (on Honda Pilot Leasing) also helped me negotiated a Pilot 7 months ago (unbelievable, $ 289/mo nothing down for '06 EX-L). Now I am hoping to lease a Siena LE or XLE (or Honda Ody) to replace an aging Previa. Many SoCal dealers advertise Siena at good prices, so I hope you can give me May's SoCal MF and Residual % for 36 months, 12K miles. And if there is a Memorial Day weekend special rates, please let me know too. Thanks again. | |
| Carman - what are the current rates for a Sienna LE for 36 months in Ohio? | |
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We're looking at a 2006 XLE with package 7 (leather, moonroof,dvd--but no navigation) on a 36 month lease. Current offer is 498/mo for 12,ooo miles or $509/mo for 15,000. $2,000 total at signing. These figures include all taxes and fees. MSRP $36,519, price $31,798 if buying with our own financing or $32,798 with 3.9% for 60 months. First of all, is the price a good price? Second, if we lease, are they suppose to use the cash price of 31,798 or the financing price of 32,798 to calculate the monthly? We've never leased before, but hate having to sell a car, never seem to get what they're suppose to be worth and hate dealing with it. Currently have a 2000 Volvo S70. We Live in PA, but the Sieena model and color we want is available in Delaware. So now we have that to consider, as well. Don't know how tax situation is different in regard to bringing into PA from DE, and what the differences are in regards to leasing in DE vs. buying in Del for a PA resident. Any advice you could share would be greatly appreciated. We could purchase if it was a much, much better way to go, but considering what we got for the last two Volvos that we sold, which were both in great shape with low miles, tan leather, white, sunroof, just doesn't seem worth putting a big chunk of cash down when it seems you just barely get it back in the end... Please let us know how the numbers look to you, and which way seems to be the best way to pursue things. THANKS FOR SHARING YOUR EXPERTISE!!!!
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