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lease deal

katie_reynoldskatie_reynolds AlabamaPosts: 4
edited January 1 in Toyota
Is this a good lease deal? We live in zip code 35805.

2019 Toyota Highlander XLE AWD
Monthly payment $0
Down Payment $15,600

What should the residual value be? What should the end of the lease purchase amount be?
We will lose the downpayment of $15,600 if the car is totaled?

Comments

  • MichaellMichaell ColoradoPosts: 124,788

    Is this a good lease deal? We live in zip code 35805.

    2019 Toyota Highlander XLE AWD
    Monthly payment $0
    Down Payment $15,600

    What should the residual value be? What should the end of the lease purchase amount be?
    We will lose the downpayment of $15,600 if the car is totaled?

    What lease term and how many miles per year?

    The residual is based on the MSRP - do you know what that is?

    Did you negotiate a selling price below MSRP?

    Was this all down payment, or was this a "one pay" lease? I suspect the latter, as I don't think you can do an all down payment structure to have a $0 monthly payment.

    If this is a one pay lease, the money is held in escrow and paid monthly. In return, you should get a break on the money factor. Also, if the car is totaled or stolen, you will get the unpaid payments back from the escrow account.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • katie_reynoldskatie_reynolds AlabamaPosts: 4
    36/15,000 miles for a total one payment of $15,600.
    The MSRP is $42,509 but with with discounts and rebates is $37,059.00.
    It is a one pay lease.

    Is this a good deal?
  • katie_reynoldskatie_reynolds AlabamaPosts: 4
    We were told the residual value is $26,700.
  • MichaellMichaell ColoradoPosts: 124,788

    36/15,000 miles for a total one payment of $15,600.
    The MSRP is $42,509 but with with discounts and rebates is $37,059.00.
    It is a one pay lease.

    Is this a good deal?

    We were told the residual value is $26,700.

    The base money factor is .00216, and the 36/15 residual is 65%

    Because you live in the SouthEast Toyota region, I do not know what discount, if any, there would be to the money factor for the one-pay.

    $433/mo looks to be an average deal, but if it's signed for and you've taken delivery, not much you can do about it now.

    Congrats, however, on the new Highlander!

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • katie_reynoldskatie_reynolds AlabamaPosts: 4
    Thanks for your help!

    We have not signed so we plan to negotiate for a better deal. Any advice would be appreciated.
  • MichaellMichaell ColoradoPosts: 124,788

    Thanks for your help!

    We have not signed so we plan to negotiate for a better deal. Any advice would be appreciated.

    Only way to improve it is to negotiate a lower selling price. Oh, and keep an eye out on the MF; dealers love to mark it up for extra profit.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • ducati3ducati3 Posts: 5
    2019 Toyota Highlander Limited Platinum V6 AWD 93401 MSRP $49,433
    36/15
    Could you please provide me the MF/Resid and any incentives. Thanks!
  • MichaellMichaell ColoradoPosts: 124,788
    ducati3 said:

    2019 Toyota Highlander Limited Platinum V6 AWD 93401 MSRP $49,433
    36/15
    Could you please provide me the MF/Resid and any incentives. Thanks!

    .00270 and 58%
    No lease incentives

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    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • 2019 Toyota Highlander SE
    $40,000
    10k/36months
    zip code 60462
    What is residual value?
  • MichaellMichaell ColoradoPosts: 124,788

    2019 Toyota Highlander SE
    $40,000
    10k/36months
    zip code 60462
    What is residual value?

    FWD or AWD?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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