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Toyota Sienna Lease Questions

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  • awinnerawinner Posts: 22
    Here is what I am Looking for
    2009 XLE Sienna
    Package #C
    Grey exterior/Leather interior
    3 year lease
    12k miles year
    $1,000 total drive off
    $475/month including tax
    Is this doable in the So Cal area?
  • Northern NJ
    Looking at 2009 Sienna CE
    500 down
    12k / year
    36 months

    Any ideas ballpark?
    Thanks
  • Hi mkzone. I can't tell you exactly what your lease payment should be on this van, but I can provide you with the necessary information for you to negotiate a good deal on one.

    The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Shop around with a few dealers in your area for the lowest possible selling price. Given how slow the market is right now and how much competition there is in your neck of the woods, I personally don't think that you will have much trouble finding a dealer that will sell you an '09 Sienna for around $500 over dealer invoice. You may want to stop by the "Toyota Sienna Prices Paid and Buying Experience" discussion for additional feedback on how much you should pay for this model right now.

    Once you have arrived at a selling price that you are comfortable with, have the dealer calculate your Sienna's monthly payment using its current buy rate lease money factor of .00075 (for Tier 1+ customers in its New York region) and you're all set.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks for reply
    There are saying the lease money factor is .00166 (3.9%) and you are stating .00075 (1.9%) is this a fixed number? or each dealership makes up numbers? does it vary for different types of cars? I am tier 1 rated.
  • We're shopping leases comparing an '09 Honda Odyssey EX and '09 Sienna XLE. Honda's initial offer is invoice and a 0.00191 money factor on a 36 month lease with $2000 at signing. One Toyota dealer said they could not compete and didn't even offer a quote.

    In explaining their inability to compete the dealer said they could compete on a purchase but not a lease. This makes little sense to me. Isn't purchase price independent of lease or buy? If they should be able to something near invoice are the NC money factors so high that they can't compete?

    What should money factors be for both Honda and Toyota in this area?

    Thanks much,
    Allan
  • 03qx03qx Posts: 19
    Car Man, could you please give me the residuals and money factors for a 2009 Sienna Limited w/ RES in both AWD & FWD on a 36 mo 15k lease in Southern California. Thanks !!
  • You're very welcome, mkzone. Yes, the .00075 money factor that I mentioned is available on all 2009 Sienna trim levels at all dealers in your state to consumers who qualify for Toyota Financial Services' top aka Tier 1+ credit tier. If your credit is in great shape, the only reason why this van's money factor would be higher is if the dealer that you are negotiating with was trying to mark it up to add additional, hidden back-end profit to your deal.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Allan. Honda Finance's current buy rate lease money factor for a 36 month lease of a 2009 Odyssey in your area is currently .00161 for consumers who qualify for its top aka "Super Preferred" credit tier and pay a security deposit at lease signing.

    While I haven't seen the lease program for the 2009 Sienna in your area because you are in Toyota's Southeast region which is an independent distributorship, I suspect that the dealer was implying that lease program for the Sienna in your area is not competitive with the Odyssey's, but that he could use the cash incentives that are available in your area and a significant dealer discount to offer you an attractive purchase price.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • I was paying around $298 per month for my no money down (I think it was like $600 at signing - first month and security) and recently asked for a new lease as this is coming up in January.

    Credit is 800+

    This will be our third 3 yr lease in a row with Toyota.

    I was quoted the high $400s because of "low residuals."
    So I am considering
    1) other options for a lease for a Sienna - am I getting shafted?
    2) buying the car as it is in good shape. If residuals are really low, can I negotiate a lower buyback price? My guess is Toyota does not want the car.
    3) Is Honda any better?

    thanks,

    matcohen
  • skopsskops Posts: 5
    Car Man or anyone else -

    My question is buy vs lease -

    2009 Sienna XLE package 4 with some other misc options. Specifics of MSRP, invoice and selling price are not critical to my question.

    I have a lease quote of approx $520/month for 36 mos and 12k/yr with only 1st month and tags at signing. I can purchase the same vehicle with a payment of $590/month for 60 months at 2.9%. My question is, if I plan to drive the vehicle 10-12k miles per year, is there a clear cut decision to make? Historically, I have always leased and like to get a new car every three years but with the trend in lower residuals coupled with the deep discounts and low interest rates for purchasing, the monthly payment for buying and leasing has narrowed and I am now thinking that even if I buy and then decide to sell the vehicle after three or four years, I might be in a better position than leasing. Your opinion is appreciated. I have used these forums for my last two leases and I made out very well in my opinion. Thanks.
  • I am looking for 12/36 lease on 2009 Toyota Sienna LE AWD in Chicago Metro area.
    Any ideas on RES, MF, or anything else I need to know for lease negotiation?
    Many thanks
    Alec
  • I got a similar deal back in January of 2006. I put $1999 down on an LE 8 seater & have been paying $280/month (36 month lease.) Now I'm getting lease quotes around $350/month. Honda is offering a better lease deal, but I do love my Sienna, especially the 3 seats in the 2nd row....

    Anyone know of any new lease deals in the Atlantic region? (PA) I can't find any at this time...it's making me nervous because my lease is up on 1/1/09.
  • Hi skops. I personally usually prefer leasing to buying as well, but in this instance I probably would finance rather than lease. For a little over 10% more you'll actually own the Sienna in a few years rather than walking away with nothing. If it was $375 or $450 vs. $590 it would be a closer race, but for me the purchase wins this one hands down.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi alecb2008. Unfortunately, I have not seen what Toyota Financial Services' special lease money factor is for the 2009 Sienna in its Chicago region lately. I can tell you though that its current 36 month, 12,000 mile per year residual value percentage for an '09 Sienna LE AWD is 49%. Keep in mind though that TFS places restrictions upon what options can be residualized, making it difficult for individual consumers to estimate vehicles' lease payments.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • My lease just ended on 06 Sienna Limited AWD. We are interested in buying it at a fair price. Residual is $21,700 but I'm getting trade offers on the vehicle for $17-19,000. Toyota "inventory control" dept won't budge over the phone. Anyone have any tips for how to negotiate the price, or is it really impossible? I know other mfrs will deal on residuals, but maybe Toyota really won't?

    Thanks!
  • Hi Car Man

    Can you let me know what the latest Money Factor and Residual Value is on a Limited AWD in the New York area, assuming I qualify for Tier 1+ pricing. Thanks very much

    Would the MF and RV change much if I traded down to a LE AWD?
  • Hi land55. Toyota Financial Services' current New York region buy rate lease money factor and residual value for a 36 month lease of a 2009 Sienna Limited AWD with 15,000 miles per year are .00075 and 45%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    The money factor for a lease of a non-Limited model would be the same, but the residual value would be 2% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I have a close end lease and will be returning my 2006 Sienna but it has a chip in the windshield. I have called them and they said I could replace it with a comparable windshield. Should I do this or will they still replace it with a Toyota windshield and bill me for it anyway?? It is not worth putting it through my insurance because of my deductible and I don't want to end up paying for this twice. Any advice would be great for those who have had their lease end and returned their vehicle.
  • jrm005jrm005 Posts: 5
    What is the MF on a Sienna van right now?
  • Hi twinmom1. Whether you should replace your windshield or not probably depends upon how big the chip in it is. Is if very noticeable and already spidering? Or is it small enough that it could possibly be overlooked during the inspection. If it is at all noticeable, you probably will be better off replacing it on your own rather than getting dinged for it by the bank that you are leasing through.

    You're right, it doesn't make sense to claim your windshield on your insurance. I never do.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
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