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Toyota Highlander: Lease Questions

668 messages,  Last post on Jun 18, 2013 at 8:13 PM

You are in the Toyota Highlander Forum.

What is this discussion about? Toyota Highlander, Car Leasing, SUV

Messages Page 62 of 68

#607 of 668 Re: highlander lease feb2012 [suberman1] by Car_man HOST

Feb 27, 2012 (4:52 pm)

Replying to: suberman1 (Feb 06, 2012 7:25 pm)
Hey suberman1. The money factor that you were quoted looks good. The selling price looks reasonable as well. If you like the Highlander, I personally don't see any reason not to pull the trigger on this deal.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#608 of 668 Re: Residual and MF for February [orangeman99] by Car_man HOST

Feb 27, 2012 (4:55 pm)

Replying to: orangeman99 (Feb 07, 2012 10:51 am)
Hey orangeman99. Toyota Financial Services' February buy rate lease money factor and residual value for a 36-month lease of a 2012 Highlander SE V6 4WD with 12,000 miles per year in its New York region are .00065 and 62%, respectively for consumers who qualify for its top aka Tier 1+ credit tier.
 
Keep in mind though that TFS places restrictions upon what options can be residualized, so its effective residual value for this truck will likely be lower than its percentages make it appear.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#609 of 668 Residual is LOW! by orangeman99

Mar 05, 2012 (9:39 pm)

Hi all,
I got a quote from a local dealer in NYC. I'm looking at an SE V6 4x4.
  
The base MSRP is 36,260 and the Residual is 21,979 (61%).
  
After adding some dealer installed options, the MSRP is $39,236, the residual is still 21,979 (56%).
  
Is this possible that the residual stays the same? So basically, I'm buying all these options but can only use them for 3 years. WTF?
  
Thanks for any insight.
 
BTW-The money factor (Tier 1+) for March for 36mo/12k went down to .00040

#610 of 668 Numbers don't add up... by orangeman99

Mar 07, 2012 (10:55 am)

Hi all,
Have any of you ever calculated your own lease price and matched the dealer's?
 
They must add some crazy fees to the selling price to get their numbers.
 
I spoke to a dealer today and got a lease payment quote. He gave me the selling price, residual, and MF he used. When I plugged it into the formula, I got $469/mo, but he got $518. He basically said it doesn't matter what the formula is, they go with the "Toyota computers". Their computers must be smoking some good stuff. But funny how each dealrship comes out with different numbers for the exact same car using the same exact "Toyota computers".
 
Can somebody check my numbers:
Sale price 36,644
Residual 21,979
Money factor 0.00040
NYC sales tax 8.875% (rolled into the lease)
 
THANKS IN ADVANCE

#611 of 668 Re: Numbers don't add up... [orangeman99] by iburrows

Mar 12, 2012 (9:20 am)

Replying to: orangeman99 (Mar 07, 2012 10:55 am)
computers are right, you're wrong. dealers give you different payments because theyre giving you different deals. also dealerships lie; they say "includes everything" (or "out the door") but in reality some fees or taxes may not be included yet. These tactics are just used to "get a customer in the door". Another hugh word trick dealers use is "zero down lease"; oh yeah, sure, it's zero down. but you have to put down your first payment, or fees, or sales tax. it's all pure advertising/marketing gimmicks. don't try to calculate a lease your self, because there's no point. who are you leasing from? youre not leasing from yourself, youre leasing from a dealer. The dealer has the software that's used to calculate payments and to print out contracts. thats the bottom line. trying to calculate a lease yourself wastes everyone's time. do you walk into best buy and argue with the dude at the cash register on how to calculate sales tax on your $2,000 big screen? no. BOTTOM LINE: find the dealer that offers the best out the door payment.

#612 of 668 Leased a 2012 Highlander SE V6 4x4 in NYC by orangeman99

Mar 24, 2012 (6:58 pm)

Car Man, thanks for the info you give to help us.
 
I just leased a new SE V6 4x4 with Tow Prep, Floor Mats, and Remote Starter. I have driven it about 20 miles so far, I love it!!!!
 
My numbers:
  
Tier 1+ credit
36mo/12k lease
$403 + $5 GAP = $408/mo
Down: first month + DMV (transfer)=$533
  
On my lease agreement, the selling price is listed as $35,104, but they gave me a trade-in value of $1563 for my 2009 RAV4 that I returned at lease end (not sure why???), so my effective selling price was 33,541 (MSRP $37,271)
 
This was Star Toyota in Bayside (Queens) NY. My salesman was Anthony Cruz, straight shooter.

#613 of 668 Lease Rates March 2012 Atlanta by ody_atl

Mar 29, 2012 (12:45 pm)

Carman,
 
Would you provide the current residual and tier1 money factor for a lease of a 2wd SE V6 for 36 months, 12k miles per year? It has Nav package if that matters. Thanks....I'd like to close a deal this weekend. We are also considering a 2wd Limited.

#614 of 668 Re: Lease Rates March 2012 Atlanta [ody_atl] by nabeelfarooqui

Mar 29, 2012 (7:04 pm)

Replying to: ody_atl (Mar 29, 2012 12:45 pm)
got the same question... looking for the top tier money factor and residual on a highlander se fwd with both 12k and 15k... this is what i have been quoted thus far...
 
MSRP: $34,505
Cap Cost: $31,759
MF 0.00065
Residual 60% for 12k miles
 
$383/mo (all included) with $633 drive off
 
i haggled them down to $375/mo... which i am kinda happy with, but i want 15k miles and i have excellent credit so i feel that i can get the money factor down lower....

#615 of 668 Re: Lease Rates March 2012 Atlanta [nabeelfarooqui] by nabeelfarooqui

Mar 30, 2012 (8:40 pm)

Replying to: nabeelfarooqui (Mar 29, 2012 7:04 pm)
Well, just got back from the dealership and have myself a beautiful new highlander. I ended up getting it for $369.50 per month with tax included. They were going up to $389 for 15k miles. So I decided to leave that and just go for 12k. Otherwise I am incredibly happy at the deal.

#616 of 668 Re: Lease Rates March 2012 Atlanta [nabeelfarooqui] by ody_atl

Mar 31, 2012 (5:18 am)

Replying to: nabeelfarooqui (Mar 30, 2012 8:40 pm)
Congratulations! Was this for the vehicle that you referred to in your first post. Would you share the final money factor, msrp, sales price, and tax rate. I am still trying..... Thanks.

Messages Page 62 of 68

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