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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The current national deal is $249/month for 36 months, $2199 down not including tax title, registration, license.
They offered me the following lease deal:
2008 CE 7 Passenger $239.month, $4000 down (includes all fees) Gap Insurance Included
2008 LE 8 Passenger $259 month, $4000 down (includes all fees) Gap Insurance Included
Part of the down can be rolled accordingly into the monthly by dividing how much you want to take off the down by 36 months. So I was leaning for the LE 8 passenger deal chopping it down to $2000 down and upping the monthly to $314 a month.
It seems like a good deal and prestige is telling me this is highly aggressive based on the national campaign. I am about to go to Glen Toyota tonight and see if they could do better, but wondering anyone had any input regarding the current nationally lease deal on the 2008 Sienna. Should I jump at this? Or take a look at another dealer?
with option package QL( AKA option package #2) and HZ package.
I have the following offers for zero down, tax tags everything included. Zero out of pocket:
For In-stock colors: $605 a month for 35 months.
For Pearl White color I want: $617 to $650 a month for 35 months.
Are these good deals? Anything better, please post.
After 35 months you will have paid them over 21,000
Not sure how much driving you do, but 12k miles a year is not alot and if you go over that is more money.
You can lease a Mercedes for that kind of $
I recently came into a very small inheritance and am now able to purchase my van.
I am just not sure if it makes sense or not.
I own a 2005 Toyota Sienna XLE which is selling locally around $33,000cdn.
My current buyout value is $28,000 plus 15% tax and I am paying $661/mth and halfway through the lease term.
Any thought or ideas of the pros and cons of buying this lease out early.
Thank-you kindly.
CD :confuse:
$545 month (including tax)
$1,650 at signing (includes MVC fees, bank fee and first month).
Glen Motors, Fairlawn NJ.
They were also very fair on my trade.
Prestige Toyota (Ramsey, NJ) wanted $570 per month for similar car (but without metallic paint or tow package) or $527 with $3,000 at signing and offered $1,250 less for my trade.
For more on Glen Toyota's pricing (and the name of the particular salesman) see posts by urnabnomad and svofan2 (and thanks to them for shedding the light on this dealership). :shades:
The reason that I am thinking about buying it out is so that I can sell it privately and purchase the "08 Sequoia.
I know that trading in a leased car is never a good idea - so that is why I thought about this scenerio.
your thoughts?
L
Any info on the current money factor/residual etc for the Sienna (LE AWD) this month from TFS?
23 Civic Type-R / 22 MDX Type-S / 21 Tesla Y LR / 03 Montero Ltd
I'm not familiar with Canadian tax laws (just the casinos and gentlemen's clubs ;-) but do you have to pay 15% for buying out the lease or that the standard tax for buying a car? That still seems like a lot.
$30K invested with a 12% return will double in 6 years, just something to think about.
Thanks / much appreciated
Thx
LE
3ys lease; 15k/yr
$4,200 in packages
MSRP for all was $31,082
Next offer was for $28,084 includes all except 1st mt pmt and tags. Down payment factored in with a monthly pmt of $499.
Is this a good deal??
What is the Money Factor & Residual for this van??
Help!
Does this car only come with run flat tires and is that a problem?
As far as the AWD models, I had a friend who owned one, and had a ton of problems with it. Eventually Toyota replaced (and paid for) all new tires and wheels, yeah the wheels needed to be replaced as well, and they replace a lot of suspension parts in the front too. According to CR, the Sienna has been more reliable than the Odyssey. The Ody also has issues with the PAX tires. I got some snow tires on my regular XLE Sienna, and never got stuck.
I priced out a basically full loaded XLE Limited for about $40,500. I filled out the Edmunds form and had 4 dealerships contact me. Everyone is offering the car for around $35,000 (at or slightly below invoice). I got quotes for a 3 year lease with zero down, and inceptions all rolled in (that means the only payment I make at signing in the first month's lease payment). Everyone is quoting in the $660 to $680 per month range for a $36 month lease. That seems a bit pricey for a $35,000 van, doesn't it? Has anyone out there leased a similarly priced Sienna? What did you pay?
Thanks!
I leased a 2005 Toyota Sienna CE in May 2005 PA resident.
I am not sure that I got a good deal then so I would like to start by having you review my last lease to show me the pros and cons of my last lease deal.
$3,752.25 due at lease signing
$229.05 for 35 months total $8,245.80
Total Payments at end of lease $11,769
Gross Capitalized cost $22,445
Capitalized Cost Reduction $2,381.15
Adjusted Capitalized Cost $20,063.85
Residual Value $14,489
Depreciation and Amortized $5,574.85
Rent Charge $1,990.08
Total of Base Monthly Payments $7,564.93
Lease Payments (36) $210.14 Monthly Sales $18.91
Total Monthly Payment $229.05
Breakdown of $3,752.25
Capitalized Cost Reducton $2,381.15
1st Month $229.05
Title Fees $22.50
Registration Fees $36
License Fees $24
Tax on Capitalized Cost Reduction $214.30
Acquition Fee $400
Doc Fee $55
Gap Insurance / Sales Tax $390.25 (325 / 75.25)
6/3/05
Pricing Report from Edmunds
MSRP $23,425 plus $470 package 1 and $565 destination charge
Invoice $21,082 plus $376 package 1 and $565 destination charge
Others Paying $22,035 $62 regional adjustment, $417 package 1; color adjustment $44; Destination charge 565
Sticker info
2005/5326C
MSRP $23,425
Package 1 $470
Carpet Floor mats / door sill protector $196
Destination Charge $565
Total $24,656
Thank you in advance for your assistance.
2005 lease was 3 yr; 45K (15K per year)
Can you please get me the 36 month/15K MF and Residual for the 08 Sienna AWD, XLE and LE trim line.
Thanks
Andy
Can you please get me the 36 month/12K MF and Residual for the 08 Sienna FWD, XLE and LE trim line. You can ignore my prior post asking for the AWD lease rates.
Thanks
Andy
Keep in mind though that TFS places restrictions upon what options can be residualized. This makes it very difficult to calculate the actual dollar residual values for vehicles, so much so that Toyota provides dealers with lists of the residual values for the units that they have in inventory instead of having them calculate them on their own. As a result, it is difficult for consumers to estimate what lease payments should be on Toyota models.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I'm trying to figure out the finance fee (rent charge) on a 2008 Toyota Sienna LE (option package #1). Gross Cap Cost roughly $26,585.
The dealer told me the residual is $14,790 and the Money Factor is .00093.
If I put down $1,000.00 that would make the Net Cap Cost 25,585, right?
So, using the Edmunds formula, If I add the Net Cap Cost of $25,585 to the residual ($14,790) that gives me a sum of $40,375. Multiply that by the Money Factor of .00093 and you get 37.54. What am I doing wrong?
We are looking at
36 months
12K miles a year
0 down
8.8% sales tax
Excellent credit
What monthly payment would that be?
Shouldn't you be subtracting residual from net cap cost? In lease, you only pay for the usage and in this case, usage is $25,585 minus $14,790 = $10,795. Add the money factor to this to get your monthly payment.
I want to figure out monthly payments.
2008 Sienna XLE FWD - 7 passengers
Color: Gray Metallic
Options: EVP Package# 3, 17" Alloy Wheels
Lease for 36 Months
15K Miles/year
$800 OTD including first month's payment
Monthly Payment: $499 including 7% Local Florida Sales Tax
I believe this is a great deal for a car with MSRP of ~$34K.
Good luck everyone!
Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a base 2008 Sienna with 15,000 miles per year in its NY region are currently .00023 and 50%, respectively for consumers who qualify for its Tier 1+ credit tier. Keep in mind though that unlike most banks, TFS places restrictions upon what options can be residualized. This makes it very difficult to calculate vehicles' actual dollar residual values and it renders its residual value percentages practically useless.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks alot for all you do!
Thanks.
i checked out every other vehicle under 50k with 3 rows of seats, this is by far the best one out there - it is kinda the only one out there that met our requirements (easy and safe for our kids, easy to drive, comfortable ride, space for us and our gear even with all seats in use). all of the suv's were a disappointment and the honda is not as nice as the sienna. plus it has toyota's newer 3.5v6 that is silky smooth and powerful.
it would be a mistake not to call dave in internet sales at south coast toyota in costa mesa, ca - he will give you the deal over the phone on the car your want. i needed a ride there and he picked me up (nobody wants to go car shopping on a friday night).
New to the forum . I thought maybe you can help .
My 2004 Sienna lease is up at the end of august ..
Right now i pay $396.00 a month for the 48 months ,
i called leasing company .. Buyout was 14,000.00
however financing the vechile out would be $ 299.00 or 305.00
I guess my question would be SHould we keep this car or just give it back and get a new one . (Finance a new one )
MY point being is why pay 305.00 a month for a 4 year old car when i could pay 400 a month for a brand new one. ..
ANother question is . Now when/if i give back my car to the leasing company not TOYOTA ..Can i do like a trade in or that has nothing to do with a lease..
My husband keeps sasying if we give back the car now It was like we were renting it for tha last 4 years ..
PLease help
thanks in advance .. NOt sure what to do .
jen
My lease is up on my 2005 Sienna XLE LTD AWD. We had a great lease back in 2005 for with a very low lease factor. Currently, in the east bay, northern California, Toyota is offering a lease factor of .00093 which isn't bad, but it's not as good as the one I got back in August 2008. Do you know if there is a trend for lease rates to get better in August? The current lease factor of .00093 is only good until July 31st, so I don't know if I should lease now or take the gamble and wait until August for a better lease factor. Any suggestions?
Thanks
This forum is amazing and you and all the members are doing everyone an incredible service. That being said we are among the hundreds out there down-sizing from our full size SUV into a more economic mini-van segment. We are trying to decide between the Honda Odyessy EX-L NO RES and the Toyota Sienna EXL FWD
36/months
12K Miles/year
MSRP $33,264
Edmunds has the invoice at $29,391 (with destination)
Includes:
QH XLE Extra Value Package #2
EJ JBL w/6-CD Changer, Bluetooth, Satellite
TO Tow Prep Package
PC Optional Color
And some other option I can't remember but only $100-$200 or so
CAP COST $30705
+$795 Destination and $389 Doc Prep
MF is .00103
Residual is 50%??
Supposedly it is 50% on the EXL but 52% on the Limited
AND they are telling me they can NOT use the $2,000 dealer cash in combination with the low money factor.
PAYMENT is $479+tax
OTD $1,000 Down Payment
I realize the math doesn't work with the down payment so I can tell they are trying to overcharge me there but I more concerned about the lower 50% residual (did it drop from last month?) and the over invoice CAP COST. How much room do dealers really have on 2008 Sienna's as compared to invoice and can they use the $2,000 dealer cash combined with the .00103 MF?
If my wife didn't like the Sienna and how it drove so much more than the Odyssey, we would be buying the EX-L with a $32,845, $27,200 CAP COST, 55% residual and .00163 at MF, $0 Down and $425/month
Thanks for all the input Car Guy.....And if any other members have some feedback, that would be welcomed as well. Thanks everyone
We leased a Sienna LE in 2005 for 36 months ($376/month, $0 down). We have made our last payment and we need to return it this month. We are in the process of getting another car from Toyota, probably a Highlander, either buying or leasing it.
What has other people's experience been returning their leased toyota in, in regards to charges and fees for excessive normal wear and tear? We have scratches on the outside (you can feel them in the paint), two of which are from being keyed by a rude neighbor. Inside, the upholstery looks pretty good, I used some spot remover on a few spots and I think it's in very good condition. The carpet is stained from living in the northeast during the winters. But what has me concerned the most are scratches/gauges in the hard plastic that covers the inside of the trunk/cargo area. I don't know how to fix them ourselves.
Have other people taken their car in to be detailed before returning it at the end of the lease? We were just going to clean it as much as we could ourselves. Also, we have had regular oil changes on it, but we didn't take it in for the maintenace/tune ups like we should have (not planned- we bought the van because we had twins, and one of the twins has several medical problems, so all our money has been sunk into her medical bills). Will they charge us for that?
I guess what I'm wondering is how picky toyota is with excessive wear charges if you are buying/leasing another vehicle from them?
Would love to hear anyone else's experiences/charges, so I have a better idea of what to expect with this process... and the bill that I'm dreading will be sent our way.
Thanks,
R. Garand
FWD, 3.5-Liter V6, XLE 7-passenger, 5-Speed Automatic $29,725
Option C $4,390
Exterior:Slate Metallic
Interior:Stone Leather
3 year lease, 12K miles,...what do you think should be fair.
Thanks,
Marinite