Lease Deal Review - 2020 Toyota Highlander Hybrid Limited FWD

nananni3nananni3 Member Posts: 3
edited September 2020 in Toyota
Hello All, I am new to leasing and am not sure if this is a good deal. Will sign today.
2020 HIGHLANDER HYBRD LIMITED-L4 FWD

MSRP: $49,102
Monthly Payment: $597 (tax included)
Drive-Off Amount: $2,000
Months:36
Annual Mileage:12,000

Let me know if you need anymore details. Thanks!

Comments

  • kyfdxkyfdx Moderator Posts: 207,805
    nananni3 said:

    Hello All, I am new to leasing and am not sure if this is a good deal. Will sign today.
    2020 HIGHLANDER HYBRD LIMITED-L4 FWD

    MSRP: $49,102
    Monthly Payment: $597 (tax included)
    Drive-Off Amount: $2,000
    Months:36
    Annual Mileage:12,000

    Let me know if you need anymore details. Thanks!

    What is your location?
    Selling price?
    Adjusted CAP cost?

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  • jpng25jpng25 Member Posts: 21
    kyfdx said:

    nananni3 said:

    Hello All, I am new to leasing and am not sure if this is a good deal. Will sign today.
    2020 HIGHLANDER HYBRD LIMITED-L4 FWD

    MSRP: $49,102
    Monthly Payment: $597 (tax included)
    Drive-Off Amount: $2,000
    Months:36
    Annual Mileage:12,000

    Let me know if you need any more details. Thanks!

    What is your location?
    Selling price?
    Adjusted CAP cost?
    We live in Burbank, CA
    Selling Price = $45,550
    Adjusted Cap Cost = $45,000? Not sure because we did not see the breakdown from the broker. Assuming they used the $1500 rebate and that out of the $2,000 OTD, $1500 = first payment and taxes and fees.
  • kyfdxkyfdx Moderator Posts: 207,805
    jpng25 said:

    kyfdx said:

    nananni3 said:

    Hello All, I am new to leasing and am not sure if this is a good deal. Will sign today.
    2020 HIGHLANDER HYBRD LIMITED-L4 FWD

    MSRP: $49,102
    Monthly Payment: $597 (tax included)
    Drive-Off Amount: $2,000
    Months:36
    Annual Mileage:12,000

    Let me know if you need any more details. Thanks!

    What is your location?
    Selling price?
    Adjusted CAP cost?
    We live in Burbank, CA
    Selling Price = $45,550
    Adjusted Cap Cost = $45,000? Not sure because we did not see the breakdown from the broker. Assuming they used the $1500 rebate and that out of the $2,000 OTD, $1500 = first payment and taxes and fees.
    .00158 MF and 61% residual

    If $45K is the adjusted CAP, then $505/mo+tax (around $550/mo.)

    Of course, that might not be the adjusted CAP.

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  • jpng25jpng25 Member Posts: 21
    So the MF was .00148 that we got. What do you think our adjusted CAP would have been?
  • kyfdxkyfdx Moderator Posts: 207,805
    jpng25 said:

    So the MF was .00148 that we got. What do you think our adjusted CAP would have been?

    You know, I had this wrong. Errant entry in my spreadsheet.

    At $45,000 adjusted CAP, I get $537/mo.+tax.

    That's only about $10/mo off your quote. Pretty close

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  • jpng25jpng25 Member Posts: 21
    good deal or bad?
  • kyfdxkyfdx Moderator Posts: 207,805
    jpng25 said:

    good deal or bad?

    Sorry. no idea of the market for these.

    Edmunds price tools are here:
    https://www.edmunds.com/new-cars/

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  • SHTangSHTang Member Posts: 16
    Anyone knows Target Cap cost, Residual % and MF for 36/12 at zip code 89108?
  • MichaellMichaell ColoradoModerator Posts: 206,187
    SHTang said:

    Anyone knows Target Cap cost, Residual % and MF for 36/12 at zip code 89108?

    .00147 and 61%
    No incentives

    Pricing tools can be found here:
    https://www.edmunds.com/new-cars/

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