Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
SUVs Toyota Sequoia Toyota Sequoia: Lease Questions
146 messages, Last post on Nov 09, 2009 at 6:13 AM
You are in the Toyota Sequoia Forum. Your Hosts are steve_ & tidester
|
Replying to: cottinger (Jul 08, 2008 3:41 pm) Keep in mind that TFS places restrictions upon which options can be residualized. This makes it much more difficult to calculate actual dollar residual values for vehicles that are leased through them than it is with most banks. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
|
|
Does anyone know what the current money factor and residual% is for a 2008 Sequoia SRS 2WD for 36 months/12000 miles? I'm in Texas Thanks |
|
|
Anyone know the August RES and MF on both the SR5 and Limited 4WD SEQUOIA in the NY Metor Area? Also on a lease how low should I be shooting for as a cap cost?
|
|
|
Replying to: layersnj (Aug 21, 2008 6:27 pm) The market for large SUVs like the Sequoia is absolutely dead right now. If I was in the market for one I would shoot for a selling price that's very close to dealer invoice. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
|
|
Hi Car Man- I've never leased before and have a question re: leasing an '08 Sequoia Ltd or Platinum. I'm in NJ, and am looking at whether or not I can swing a lease deal on either model while keeping to a payment of as close to $500/month as possible for a 36 month/15k lease. Can't swing much more than $6k down payment. From reading your comments, it sounds like "invoice" or slightly below is the best anyone can do right now. Can you pls confirm? It's my expectation that we'll fall in love with this truck and probably want to buy it out at lease-end. Does this ever make good financial sense--especially if I haven't gone over on mileage? Would prefer to buy, but just don't have that kind down payment at the moment. TIA, Tim
|
|
|
Replying to: tgoodell (Aug 25, 2008 8:39 am) I see that you are considering making a $6,000 down payment on your lease. Making large down payments like this on leases is never a good idea. Consumers who do so risk losing the money that they put down if their vehicle is stolen and never recovered or totaled in an accident. Even though it means that your monthly payment will be higher, you would be much better off keeping that money in the bank. Dealer invoice before the application of any available cash incentives is definitely the price to shoot for on a Sequoia. In your area right now, I believe that Toyota is providing a $1,500 "bonus cash" incentive on this truck, which is compatible with its special lease program. Shoot for $1,000 to $1,500 under invoice after this cash is taken into account. Whether you should purchase your truck at lease-end depends upon what its purchase option price is at the time and whether it is higher than what an equivalent used Sequoia would go for on the open market. There's no reason to pay significantly more for your truck at lease-end than you would have to pay to buy a used one. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
|
|
|
Replying to: Car_man (Aug 26, 2008 1:43 am) I don't mean to monopolize the forum, but you've got me thinking that buying may be more feasible than leasing--assuming I wait until I can put down an add'l $10k. Fyi, I'm looking at an '08 Limited with sunroof and Rear Entertainment System which TMV Pricing is showing as $46,724 (MSRP is $51,675 and Invoice is $45,849) not including any cash back or rebates. In addition to the $3000 rebate, I **believe** my dealer is also offering an add'l $1000-1500 "bonus cash" lieu of the 0% financing, although the Low APR vs. Cash Back calculator is still showing I'd save more money by going with the 0% APR option. Unfortunately for me, "Finance" is was never my strong suit....thank goodness for these calculator tools! At the end of the day, I'm surprised Toyota isnt dealing more on these behemoths right now as let's face it--there's very few of us buying this type of vehicle right now, and the 2009's are on their way. Thanks again for your help...will keep you posted on my purchase. -Tim
|
|
|
Replying to: tgoodell (Aug 26, 2008 5:32 am)  . I know that the Edmunds.com TMV for the Sequoia that you are interested in is above dealer invoice, but if I was interested in getting this truck right now I personally would shoot for invoice minus any available cash incentives and see what happens. The market for large SUVs like the Sequoia is absolutely dead and this should work to your advantage during negotiations. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
|
|
|
Replying to: ccap (Jun 13, 2008 4:55 am) |
|
|
Replying to: Car_man (Sep 17, 2008 2:06 am)
|
|
You are here:
Forums
SUVs Toyota Sequoia Toyota Sequoia: Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Toyota Sequoia
Browse by Board
Browse by Topic
Today's Chats
