Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Toyota Highlander Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
- Is that too many miles?
- What is the battery life and have any of you experienced problems?
- I appreciate any feedback!!! Thanks again!
They are asking 18,871.
2006 TOYOTA HIGHLANDER/HYBRID
* Mileage: 73,894 Miles
* Body Style: SUV
* Exterior Color: Black
* Interior Color: N/A
* Engine: 3.3L V6
* Transmission: CVT
* Drivetrain: FWD
* Doors: 5
* Wheelbase: 107 Inches
I would start by comparison shopping with other Toyota dealers for the Highlander that you are considering. If you are still getting quoted high payments, you may want to consider switching to a different model with a more attractive lease program.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
"Toyota Highlander Prices Paid and Buying Experience"
"Toyota Highlander"
"Real-World Trade-In Values"
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Do you have the MF and Residual on a 09 Limited 4WD? 12k/36mo. Any dealer incentives this month? Thanks.
The calculated residual is 49.8% at the end of a 36 month lease, with an allowable mileage of 18K/year. I will be below 54,000 miles (allowable) at the end of the lease.
Gross cap was $34K, and the purchase option at the end comes out to be roughly $17K. ALL maintenance costs were free for the life of the lease, as I negotiated that as part of the deal.
Assuming the reliability of a Toyota, and the fact that my previous Camry got 275,000 miles before I sold it, does it mathematically come out over a 10 year period to be about a wash, or is it smarter to privately list it at the end of the lease? Only reason I ask is that every other car I have purchased, this is the first one I have leased.
Thanks!
Just recently joined. I have a lease option for a 2009 Highlander - loaded with Nav and leather. With $2,000 down my payment would be about $560. Is that a reasonable price? They dealer tells me it would be cheaper to lease vs. buy at this point. Does that seem right??
Any advice would be great.
Thanks!!
thanks
I am also looking for a Limited (loaded nav, dvd) 36m/12k. Any info on lease rates or residuals would be appreciated.
Thanks!
I too am in the market for a Highlander Hybrid and would like to know the current lease rates offered by Toyota. I see that there are lease deals being run now on a base Highlander Hybrid with an MSRP of $39,070. This SUV would lease out at $459+tax, 36 mon, 12K/year, $4,109 drive-off. Deal expires June 1st. Can you or anyone else tell me the residual and money factor used for this deal? I'm assuming there is some $$ off of MSRP and I'm not sure out of the $4,109 drive-off how much is cap reduction so it makes it difficult to guess the residual/money factor being offered. Just trying to work some other scenarios.
Any help will be greatly appreciated.
Regards
Toyota Financial Services' Los Angeles region May buy rate lease money factor and residual value for a 36 month lease of a 2009 Highlander Limited 4WD with 12,000 miles per year are .00007 and 51%, respectively for consumers who qualify for its Tier 1+ credit tier.
One thing that is important to be aware of when discussing TFS' lease program is that its residual value percentages are based upon vehicles' base MSRPs. It places restrictions upon what options can be residualized. This makes it very difficult for consumers to figure out what the dollar residual values for specific units should be.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Toyota Financial Services' Los Angeles region May buy rate lease money factor and residual value for a 36 month lease of a 2009 Highlander Limited 4WD with 12,000 miles per year are .00007 and 51%, respectively for consumers who qualify for its Tier 1+ credit tier.
One thing that is important to be aware of when discussing TFS' lease program is that its residual value percentages are based upon vehicles' base MSRPs. It places restrictions upon what options can be residualized. This makes it very difficult for consumers to figure out what the dollar residual values for specific units should be.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
In any case, I would greatly appreciate any help with leasing numbers for June. On a related but different topic, I read on another thread that someone got 0% and someone else got 2.9% financing from Toyota Financial. I called a dealer and they said the best they can get from Toyota Financial is 6.8%??? I can get way better than that from my Credit Union. It really makes trying to be an informed consumer very frustrating.
12K/36 months lease on Toyota Highlander Limited 4 WD 2010(no nav/no DVD)
Sale price 35565
MF0.00001
Residual value 49-53%
549/mo with 1200 OOP at inception
12000 mi/36 mos
2009 Highlander Sport
0 down, 460 per month including taxes
In NY
36 mths,
12,000 miles,
0 down/cap red,
drive off of $1229
monthly payment $682 + tax
Based on residual of 50% but I don't have the money factor used to compute these numbers.
It looks like a good deal to me. What are the drive off costs for toyota? acquisition fee and security deposit? Where can I find these? Thanks you!
Good luck.
New 2009 Highlander Limited FWD Lease Offer
Options: Navi pkg (pkg #8), floor and cargo mats, mud guards, wheel locks, window tint
MSRP: $38,488
Purchase Price: $35,597
Dealer Invoice: $35,347
Lease for 48mos/60K (cuz of my driving habit)
Money Factor: 6.84% (I think this is high)
Residual Value of $11,670
First payment of $728 ($728/mo lease)
Note: I plugged in the numbers provided to me with Acq fee of $795, Doc fee $50, Title fee of $180, I didn't get the $728 pmt quoted by the lease agent (it was roughly $700).
I keep on hearing that we shouldn't put money down on a lease. However, I can get a 2.99% balance transfer rate until paid off with my credit card with a maximum transfer fee of $100. Note: I have an excellent credit and pay my bill on time. Should I consider this option as a down payment (it looks like I will save on finance charge)? If so, how much should I put down.
Msrp39,475.....Reduced to 36,000
12k miles..36 months
Rate.00001
Residual 18015
Total Init Pmt 3484.33
Monthly Payment of $491.79
Is this a good payment? I would love to have it in the mid 4's...
Help......
http://www.usatoday.com/money/autos/2009-06-25-lease-buy-car_N.htm?loc=interstit- ialskip
If you landed this deal in the mid 400s please let me know.
Thanks
Does Toyota publish what is considered "normal" for wear and tear?
What are your experiences with returning a lease through TFS - are they reasonable? Just don't want to be surprised in a few weeks after the inspection to find they want big bucks. If it helps, we live in the New England area.
Besides pre-return photos - any other tips for lease returns?
Return to any Toyota dealer - or is there a benefit to returning it to the original dealer (80 miles away)? I have gotten different opinions on this.
current highlander ltd (fwd) 3 years 12k miles per year
I had thought it was .0007 and the resid should be above 45% (but I have a jerky socal dealer telling me it's 38%) loaded with just the nav/mnrf pkg and msrp'ing at 37,779 what would be a decent sales price to you in So California?
and rather than post a separate message could you also tell me what it is for the mazda cx-9 grand touring fwd same miles and years w/nav and mnrf as well
big thanks
Can you please provide the lease numbers on the Sport and Limited models on a 36month, 15k mi/yr lease. Do you know if there's any additional support?
Thanks
Could you please provide current mf and RV for Highlander Ltd AWD and Highlander Hybrid Ltd AWD, 36 month/12k. Also, please confirm if there are other incentives in addition to $1500 & $750 customer cash? Can these cash incentives be combined with the lease rates?
Thanks,
Brian
San Fran, CA
"Excess wear and use may include the following:
* Inoperative mechanical and electrical parts
* Damage to the body, lights, trim or paint
* Damaged, broken or tinted glass
* Torn or damaged interior
* Damage from flood, water, hail or sand
* Tires with less than 3/32 inch of tread remaining
* Missing equipment, parts, or accessories
* Excess mileage
* Excess wear and tear"
Most manufacturers' captive finance companies are fairly reasonable when evaluating the condition of vehicles at lease-end. As long as you can find a dealer that is willing to take your car back from you, there really is not any advantage to returning your car to the dealership that you originally leased it from.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The 45% residual value that you mentioned is correct for a 36 month, 15,000 miles per year lease of an '09 Highlander Limited 2WD through TFS, however keep in mind that TFS calculates leases differently than other banks do. The residual value percentages that it publishes are for base vehicles. It places restrictions upon what options can be residualized, which essentially make the effective residual lower than its published percentage.
Here's the info that you requested in the CX-9. Chase's (Mazda runs its special lease program through them) current buy rate lease money factor and residual value for a 36 month lease of a 2009 CX-9 Grand Touring FWD with 15,000 miles per year are .00081 and 45%, respectively. Unlike TFS, Chase does not place any restrictions upon the residualization of factory-installed options.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Toyota Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Toyota Highlander Sport 4WD with 15,000 miles per year in that area are an amazingly low .00001 and 47%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier. The numbers for the Limited 4WD model are exactly the same.
Toyota is providing cash incentives on the '09 Highlander, but they are not compatible with its special lease program.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
thanks!
33,070 - 13,417 = 19,653 divided by 48 = $409.44
33,070 + 13,417 = 46,487 times 0.00285 = $132.49
409.44 + 132.49 = 541.93 times 6.25% (sales tax in TX) = $33.87
Monthly pmt = $575.80, no "down payment" but pre-pmt of first month's rent and pmt of license and reg fees with 12K miles
I also offered $542 per month for 36 month lease with same terms as above but using residual of 47% and money factor of .0001 calculated as follows:
33,070 - 15,542 + 17,527 divided by 36 = $486.86
33,070 + 15,542 = 46,487 times 0.0001 = $4.86
486.86 + 4.86 = 491.72 times 6.25% = $30.73
Excuse for the foregoing terms ran the gamut for low inventory due to cash for clunkers, Toyota going low with residual amounts given the economy and prior experience with cars coming back off of lease, and a desire to make "just a little bit of profit".
Was my experience atypical of what others are experiencing or have experienced? Also, were my offers out of line and/or unrealistic? Any guidance will be much appreciated.
What are the 24 and 36 month lease numbers on a Highlander Sport and Limited models with 4WD. I'll need 15000 miles a year on the lease.
Thank you
I'd like this information as well, if available.
The MSRP for the particular model is $36,689, one dealer quoted my price @ $34,290. Current Money Factor here is .002% & the residual for this model is $18,828.00 (51%). Payment is $572.75/mo (incl. 8.75% tax) with zero ($0) down and $1,151.00 drive off (1st mo. / tax / tags).
My question is: Do you think the dealer can get any more aggressive than $34,290? or is this as good as it's going to get? and, the drive-off @ $1,151 seems high, what are your thoughts?
Thanks for your help!
Toyota Financial Services' residual values are national (other than the Southeast) so I can give you an idea of what those are like. Toyota Financial Services' current residual value for a 36 month lease of a 2010 Highlander Sport or Limited 4WD with 15,000 miles per year is 57%.
The problem is that Toyota's published residual values are for base vehicles. It places restrictions upon what options can be residualized that make it difficult to calculate the actual dollar residual values for specific units, so much so that it provides dealers with a list of the actual dollar residuals for the units that they have in stock.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Do you have the updated residual values and money factors for 2010 Toyota Highlander Sport? Also, I'm not sure if you could lend your opinion on post #405, but I'm hoping that I'm getting a fair deal from the dealerships.
Thanks for your time.