2016 Toyota Sienna Lease Questions

paperboyccc

Michaell said:

paperboyccc said:

kyfdx said:

@paperboyccc

It's still a 36 month lease, even if they are covering the first payment, so calculate it that way.

.00001 MF, not .0001

Don't see any allowance for tax on your screen shot.

Pretty sure that the TFS acquisition fee is $650.

Thanks. I have attached the dealer quote. My guess is that selling price they are quoting is only for a purchase and that they are offering MSRP minus $500 for a lease. I get $506/mo pretax if I plug MSRP into the lease calculator.

Yes, that looks like a purchase quote - in CA, the sales tax is calculated against the monthly payment, not the entire selling price.

This wouldn't happen to be an AutoNation dealer, would it? They are famous for lease quotes that look like this, without all the supporting numbers behind the quoted lease payment.

Yup it's an Autonation dealer. Luckily here in Southern California we have a ton of dealers. Another dealer quoted $399/mo + tax with $308 due at signing without any negotiation. I plan to try to negotiate away the $308 due at signing if my wife chooses this van.

Michaell

paperboyccc said:

Michaell said:

paperboyccc said:

kyfdx said:

@paperboyccc

It's still a 36 month lease, even if they are covering the first payment, so calculate it that way.

.00001 MF, not .0001

Don't see any allowance for tax on your screen shot.

Pretty sure that the TFS acquisition fee is $650.

Thanks. I have attached the dealer quote. My guess is that selling price they are quoting is only for a purchase and that they are offering MSRP minus $500 for a lease. I get $506/mo pretax if I plug MSRP into the lease calculator.

Yes, that looks like a purchase quote - in CA, the sales tax is calculated against the monthly payment, not the entire selling price.

This wouldn't happen to be an AutoNation dealer, would it? They are famous for lease quotes that look like this, without all the supporting numbers behind the quoted lease payment.

Yup it's an Autonation dealer. Luckily here in Southern California we have a ton of dealers. Another dealer quoted $399/mo + tax with $308 due at signing without any negotiation. I plan to try to negotiate away the $308 due at signing if my wife chooses this van.

Keep us posted, though some of that up front money is going to the state - they aren't real good at negotiating anything away.

selvarama

Thanks Everyone on this forum for all these discussions and inputs. It immensely helped with the negotiation..

I put in a deposit and will be picking up the van in the coming week. The dealer did not have the Pearl White/Bisque combination in stock and will be getting it from other dealer.

Sienna XLE Premium FWD MSRP $40150 (Pearl white color premium included)
Selling price $36300
EWU warranty $400 (I had them include with the deal before I sign the lease and go to F&I. Avelino - thank you for the input on the warranty cost. I was able to get it reduced from the original $700 they quoted)
Residual $22400
12K/36 Months
Bought in PA and will be registered in NJ.

Zero due at signing. $472/35 months. I had purchased my earlier Toyota Vechile from this dealer and that kind of helped a bit with the deal.

(Rant alert - ) I had to travel about an hour 1 way to this dealership. I would rather travel more if needed than talking to a dealer in NJ. Even though these NJ dealers usually give similar deals they are down right rude and keep on pressuring to make a decision. I went to this dealership twice as we could not make up our mind on the color and the dealer was understanding of that and promosied that I will get the same agreed deal until end of the month.

paperboyccc

Thank you kyfdx and Michaell for all of your help in my search for a new van and thanks in particular to everyone who shared their deals. Leased the same as the poster above but in SoCal where it's a fiercely competitive market, particularly at the end of a quarter.

Sienna XLE Premium FWD with no additional options or accessories (Silver)
MSRP $39,835
Selling Price before rebates 35,395.61 (plus $500 lease rebate applied to cash due at signing)
Acq Fee $650
Doc Fee $80
Cap Cost applied to cash due at signing $294.76
-----------
Gross Capitalized Cost $36,420.37

Money Factor .00001 (comes out to $0.59/mo or basically 0% interest)
Residual $22,308 (56%)

Depreciation: $14,112.37
Rent: $21.24
Rent + Depreciation: $14,133.61

Divided by 36 = $392.60/mo before tax
Monthly tax (8%): $31.41

Total monthly payment incl. tax: $424.01

Cash due at signing $794.76 (first month's payment, state fees)
Minus $500 rebate and $294.76 of selling price applied to cash due at signing

Net: $0 due at signing, $424.01/month


P.S. I accomplished two of the goals I always have during a search for a lease: $0 due at signing and month pre-tax payment under 1% of MSRP.

Michaell

paperboyccc said:

Thank you kyfdx and Michaell for all of your help in my search for a new van and thanks in particular to everyone who shared their deals. Leased the same as the poster above but in SoCal where it's a fiercely competitive market, particularly at the end of a quarter.

Sienna XLE Premium FWD with no additional options or accessories (Silver)
MSRP $39,835
Selling Price before rebates 35,395.61 (plus $500 lease rebate applied to cash due at signing)
Acq Fee $650
Doc Fee $80
Cap Cost applied to cash due at signing $294.76
-----------
Gross Capitalized Cost $36,420.37

Money Factor .00001 (comes out to $0.59/mo or basically 0% interest)
Residual $22,308 (56%)

Depreciation: $14,112.37
Rent: $21.24
Rent + Depreciation: $14,133.61

Divided by 36 = $392.60/mo before tax
Monthly tax (8%): $31.41

Total monthly payment incl. tax: $424.01

Cash due at signing $794.76 (first month's payment, state fees)
Minus $500 rebate and $294.76 of selling price applied to cash due at signing

Net: $0 due at signing, $424.01/month


P.S. I accomplished two of the goals I always have during a search for a lease: $0 due at signing and month pre-tax payment under 1% of MSRP.

Congrats! Enjoy the new Sienna.

justent

Hi, do you have the June lease numbers (RV% and MF) for a Sienna XLE FWD for 36/12 in IL? Also, when are these numbers good till? Assuming July 2, 2016.

Michaell

justent said:

Hi, do you have the June lease numbers (RV% and MF) for a Sienna XLE FWD for 36/12 in IL? Also, when are these numbers good till? Assuming July 2, 2016.

58% and .00001

Toyota numbers are good through 7/5/16.

hcardenas

Hello, could somebody help me and give me the RV and MF for a Sienna XLE Premium 36/15 in Texas?

kyfdx

hcardenas said:

Hello, could somebody help me and give me the RV and MF for a Sienna XLE Premium 36/15 in Texas?

.00001 MF and 54% residual

dcvtwo

Hello - Could you please provide the MF and residual for a Sienna XLE Premium 36/12 in Michigan? Thank you!

kyfdx

dcvtwo said:

Hello - Could you please provide the MF and residual for a Sienna XLE Premium 36/12 in Michigan? Thank you!

.00001 MF and 56% residual

Westgirl

I am considering to lease 2016 Sienna XLE. I live in east bay SF valley, CA. 12k, 36 Months.
I am getting quotes as we speak. What is a good deal during this weekend sale?
So far I have -
MF - 0.00001
Res - 64% (21588 for 33602 cap cost)
12k, 36 months

Thanks in advance.

kyfdx

Westgirl said:

I am considering to lease 2016 Sienna XLE. I live in east bay SF valley, CA. 12k, 36 Months.
I am getting quotes as we speak. What is a good deal during this weekend sale?
So far I have -
MF - 0.00001
Res - 64% (21588 for 33602 cap cost)
12k, 36 months

Thanks in advance.

Residual is a percentage of MSRP, not CAP cost, and we show 56%.

andman

What are the July MF and residuals for 36 months, 12k miles for the SE and XLE 8 passenger?  I'm in MA. Thanks!

Michaell

andman said:

What are the July MF and residuals for 36 months, 12k miles for the SE and XLE 8 passenger?  I'm in MA. Thanks!

56% for the SE or 57% for the XLE and .00001

hudz2015

For Wisconsin what is MF and Residual for 3/12 and 3/15 for limited premier AWD?

Michaell

hudz2015 said:

For Wisconsin what is MF and Residual for 3/12 and 3/15 for limited premier AWD?

.00001 and 53% or 51%

hudz2015

What about the XLE Pemiere AWD

Michaell

hudz2015 said:

What about the XLE Pemiere AWD

Add 2% to the Limited Premier numbers I gave you.

scarred981

Looking to see if this is a good deal or not in New Hampshire.

2016 Limited Premium AWD
MSRP - 47,705
Agreed to Price - 42,325
3 year lease 15k/year
0 down
533/month

Michaell

scarred981 said:

Looking to see if this is a good deal or not in New Hampshire.

2016 Limited Premium AWD
MSRP - 47,705
Agreed to Price - 42,325
3 year lease 15k/year
0 down
533/month

.00001 and 51%. With your prices, I get $501/mo plus tax. What is the tax rate?

toddlerdad

Can you provide mf and residual for MA 36 month 10k XLE, XLE prem, Limited, and Limited prem? Thank you.

scarred981

Michaell said:

Looking to see if this is a good deal or not in New Hampshire.

2016 Limited Premium AWD
MSRP - 47,705
Agreed to Price - 42,325
3 year lease 15k/year
0 down
533/month

.00001 and 51%. With your prices, I get $501/mo plus tax. What is the tax rate?

Thanks.  NH does not have sales tax.

kyfdx

toddlerdad said:

Can you provide mf and residual for MA 36 month 10k XLE, XLE prem, Limited, and Limited prem? Thank you.

No 10K/yr for TFS.

36/12

.00001 MF
57%, 55%, 54%, 52%

kyfdx

scarred981 said:

Michaell said:

scarred981 said:

Looking to see if this is a good deal or not in New Hampshire.

2016 Limited Premium AWD
MSRP - 47,705
Agreed to Price - 42,325
3 year lease 15k/year
0 down
533/month

.00001 and 51%. With your prices, I get $501/mo plus tax. What is the tax rate?

Thanks.  NH does not have sales tax.

Add in an acquisition fee of $650 and miscellaneous charges, and you are pretty close, I think.

alishah

I want to sincerely thank this forum for helping me lease my last few vehicles over the years.

I normally can find the information I am looking for but in this case everyone seems to be requesting info from the east coast and for the xle.

I need the current MF and residual for a 2016 sienna SE (not premium) in CA for 36/12 and 36/10. Some dealership told me residual is 53%.

I appreciate your help! thanks!

Michaell

alishah said:

I want to sincerely thank this forum for helping me lease my last few vehicles over the years.

I normally can find the information I am looking for but in this case everyone seems to be requesting info from the east coast and for the xle.

I need the current MF and residual for a 2016 sienna SE (not premium) in CA for 36/12 and 36/10. Some dealership told me residual is 53%.

I appreciate your help! thanks!

56% / 57% and .00001. $500 lease cash

britm3

Wanted to confirm for 36 month 12k in MA on a Limited Premium AWD

Money factor and residual. Thanks.

britm3

2016 Sienna SE Premium, in MA, 36/12k - thanks once again on this one. Residual and MF.

kyfdx

britm3 said:

Wanted to confirm for 36 month 12k in MA on a Limited Premium AWD

Money factor and residual. Thanks.

.00001 MF and 53% residual

kyfdx

britm3 said:

2016 Sienna SE Premium, in MA, 36/12k - thanks once again on this one. Residual and MF.

.00001 MF and 56% residual

avyarboro

We are also looking at 16 se premium tomorrow. Is the numbers the same for NC? And what would they be for 3/15 year deal?

Thanks

Michaell

avyarboro said:

We are also looking at 16 se premium tomorrow. Is the numbers the same for NC? And what would they be for 3/15 year deal?

Thanks

We don't have any reliable numbers for Southeast Toyota

kashifs

We are going to IRA dealer in MA for
Toyota Sienna SE
Would like to know what is
MF & Residual in MA
36/12K
36/15K

kyfdx

kashifs said:

We are going to IRA dealer in MA for
Toyota Sienna SE
Would like to know what is
MF & Residual in MA
36/12K
36/15K

.00001 MF and 56%/54% residual

britm3

Ok appreciate all of the info on the forum here. Wanted to report back on a deal that I am close on.

SE Premium + Outdoor Pkg MSRP $41,229
Discount 12.1%
Selling Price $36,200
36/12k lease
56% residual
.00001 MF or ~ 0 APR%

TFS Acq fee $650
Dealer Fees/Tag $500


$405 per month with 6.25% sales tax included.
Paying first and fees out of pocket. 

Michaell

britm3 said:

Ok appreciate all of the info on the forum here. Wanted to report back on a deal that I am close on.

SE Premium + Outdoor Pkg MSRP $41,229
Discount 12.1%
Selling Price $36,200
36/12k lease
56% residual
.00001 MF or ~ 0 APR%

TFS Acq fee $650
Dealer Fees/Tag $500


$405 per month with 6.25% sales tax included.
Paying first and fees out of pocket. 

Solid looking deal! Thanks for sharing the details with us

portlandbest

Can I get the MF and RV on 2016 Sienna Limited Premium and XLE and 2016 Limited Premium for 36/10k in the state of Oregon? Thanks!

kyfdx

portlandbest said:

Can I get the MF and RV on 2016 Sienna Limited Premium and XLE and 2016 Limited Premium for 36/10k in the state of Oregon? Thanks!

.00001 MF

36/12 residuals (no 10K/yr with TFS)

XLE Premium: 55%
LTD Premium: 52%

renjgal

Would love some help with New Jersey MF and RV for a 2016 sienna AWD XLE for 36/12k and 36/10k. Also for the LE. Thanks.

Michaell

renjgal said:

Would love some help with New Jersey MF and RV for a 2016 sienna AWD XLE for 36/12k and 36/10k. Also for the LE. Thanks.

LE and XLE AWD numbers are the same - 57% for 36/12, MF of .00001. Add 1% for 10K, if that option exists.

drvgopal

Hi! Michaell, Can you please advise me on the MF and Residual numbers for the Limited Premium AWD models on the Sienna in KY and OH? Thanks

Michaell

drvgopal said:

Hi! Michaell, Can you please advise me on the MF and Residual numbers for the Limited Premium AWD models on the Sienna in KY and OH? Thanks

51% and .00001 for 36 months, 15,000 miles per year

b2bhello

Hi Michaell, would you happen to know the MF and Residual numbers on 2016 Sienna SE for California? If so, what would the payments look like?

Michaell

b2bhello said:

Hi Michaell, would you happen to know the MF and Residual numbers on 2016 Sienna SE for California? If so, what would the payments look like?

54% and .00001 for 36 months, 15,000 miles per year. Assuming FWD.

Would need to have the MSRP and adjusted cap cost in order to calculate a payment.

b2bhello

the out the door price is $35,897 including all tax and fees after a discount of $3,866 off of original $36,625 . FWD. Please let me know the calculated payment

Michaell

b2bhello said:

the out the door price is $35,897 including all tax and fees after a discount of $3,866 off of original $36,625 . FWD. Please let me know the calculated payment

Using those prices, I get a payment of $361/mo before tax

b2bhello

Thank you for quick response Michaell! I am new to this lease calculation and was wondering if you might be able to break it down for me on how you got to the payment? Thanks again in advance!

Michaell

b2bhello said:

Thank you for quick response Michaell! I am new to this lease calculation and was wondering if you might be able to break it down for me on how you got to the payment? Thanks again in advance!

I have a lease calculator that I've built. Here's how you can have one, too:

http://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

chillcut

Can I get the MF and RV on FWD 2016 Sienna XLE and FWD 2016 SE for 36/12k in NorCal? Thanks!