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Toyota Highlander Lease Questions
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Thanks!
What was the MSRP on the car? Did you buy it locally? I live in NJ
This vehicle's residual values are more difficult to determine. TFS' current 24-month, 15,000 mile per year residual value for a base 2013 Highlander 4WD is 71%. It is 61% for a 36-month lease. The problem with these numbers is that TFS places restrictions upon which options can be residualized, making it difficult to determine what this vehicle's effective residual is.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks for the information. I am coming off a Rav4 lease (I got a great deal thanks to you and others on the forum....thanks!) so I'm aware of the TFS restrictions. I am trying to work with dealers who don't add-on many options. Do you know how the base residuals compare to the Plus and SE models?
Thanks again
I got a quote from a dealer on a 2013 Highlander Limited AWD. This is zero down, 36 months and 12K miles.
MSRP: 41,279 (includes running boards)
Cap Cost: 38,184
Money Factor: .0003
Residual Value: 24,043
total inception fees:
acquisition: 650
doc fee: 279.50
pa reg.: 95.50
rent charge: 686.15
first months pmt: 489.01
Monthly Paymer: 489.01
What are your thoughts? I really appreciate your help!
My lease is up and I need a new car! I'm looking at the Highlander and want to work up the numbers on the Hybrid vs the non-hybrid. I'm wondering if it's possible for the gas savings to offset higher monthly lease costs.
Would you please give me the money factor and residual for 15,000 mile leases on the Highlander Limited Hybrid and Non-Hybrid AWD for both a 24 and 36 month lease? I'm in Los Angeles if that makes a difference.
Thank you so much as always!
kywon
$389/mo - 36mo 12,000 miles/year
Tax, $75 Dealer Doc fee, Registration, and first months payment due at signing.
$6500 on trade for her current car, which I feel is a fair offer.
We let them know another dealer was offering basically the same but w/ no tax due at signing.
They then offered the following
$389/mo - 36mo 12,000 miles/year
True Zero down @ signing
This tells me they came up quite a lot on the trade (probably $1000+), which seems like a very fair deal. The residual was $22,xxx
Does this seem like a fair deal or should we look elsewhere / push them further?
This is in MN
Just leased a 2013 Highlander Limited. Cap cost of ~$36k, residual ~$23k, lease factor of .00001 (that is 4 zeroes for top tier credit), $2k down, $353/month, 36 months, 12k miles.
What is mf and residual on 2013 highlander limited and se for 36 months, 12k miles per year.
Thank you.
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It's funny because one dealer offered me 0 down and $400/mo for a base model, but I already know there is a local deal (maybe national deal) of $1999 down and $279/mo. I was only interested in a test drive at the moment.
Toyota lease prices are hard to calculate, because they don't residualize all of their options. Each unit has it's own residual, that you have to get from the dealer.
sorry,
kyfdx
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Does that sound like a good deal?
I've been a long time lurker and want to get some numbers on a lease for a 2013 highlander Plus. The msrp is 33559 and the selling price is 30681 with a total OTD price of 37250 (amount owed on my trade in is rolled in and tax tags etc. It's blizzard pearl with only mats as the options installed. I am in Jacksonville Florida. I would like numbers on a 15k lease. Let me know of you need more info.
Mike
I am in Texas. A local dealer just offered my this deal on a lease. I have never leased a vehicle before. Wanted to get someone' s opinion.
Dealer price: $30,869
Residual: $17802
Factor: .00001
Miles: 36K
Term: 36 Months.
Here is What I am paying:
Down: $2000.00 including the first month payment. I will be paying 35 more payments.
TTL: $ Dealer is paying the TTL. (Which he is claiming to be $2300.00)
Payment: $315.00 (35 Payment)
This is basic model with no leather. Only thing it has extra is running boards.
Thanks.
If I add the numbers. Here is what I get.
35 payment of 315 35*315= $11025
Down Payment: $2000
Total I am paying in 36 month: $13025+$17802 (Residual)= $30827.
This is almost the selling price of the vehicle. Someone has to pay taxes on this transaction. Looks like its not me. Correct me if I am wrong please.
Thanks.
We are interested in leasing either an SE 4WD or a Limited 4WD Highlander. Can you please provide the money factors and residuals for a 36-month lease with 12,000 miles. (Do they offer leases with 10,000 miles?) We are in the Washington, DC metropolitan area. Thanks!
Looking at a local Toyota dealer (central Florida), I'm seeing an
FWD Limited
MSRP $40,062
Dealer/Internet price $32,050
Can anyone help me out on what I might be looking at with a 36 mo/15k lease, maybe $1500 down?
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Thanks!
On top of all of that, they have caps on what options they will residualize... so, a 57% residual might only be an effective 53% residual.... Even the dealers can't calculate residuals.. Each unit has it's own residual dollar amount..
So, it's a mess... Many years ago, when our family's choice was between the Accord or Camry, I just gave up on leasing a Toyota... It's not straightforward..
That's not to say you can't do it.... ;-)
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Go to Truecar and build your exact car (making sure to take off any incentives that are for purchasers only) and see what 'cap cost' other people are paying is. My guess is it's several hundred dollars cheaper.
Good luck!
Also - on Honda leases, you can extend the lease 2 times up to a total of 12 months beyond the contractual lease which makes for great flexibility. Can this be done for a Toyota (Assuming it is leased through Toyota Financial). Also, with a Honda, you get up to $1500 of wear and tear allowances and no turn in costs. Does Toyota do this?
Lastly, am also considering getting a CPO Highlander - but - when I look at the CarFax reports on them, they show no maintenance records and for the Honda's they do. Any idea as to why? One thing critical when getting a 4WD or All Wheel drive vehicle is to know that transmission/ differential fluids and trans case fluids have all been changed at proper intervals. I would expect transmission to last well beyond the 100k CPO warranty and without proper fluid changes, that won't happen.
Thanks and sorry to ramble.
1. Car_man is an actual user here.
2. No idea but you can call TFS and ask.
3. 1500 damage -- No that is a Honda lease feature.
4. Carfax is only as good as any service or accidents that were REPORTED. If they dont get reported, they are not on the carfax. I would say the maintenance record thing you are talking about is a coincidence relative to the actual vehicles you looked at.
5. Read previous posts to guess the MF and residual. Its October now so the numbers will be coming soon, but dont expect anything specific for Toyota as has been already explained here numerous times, Toyota sets individual vehicle residuals. But read previous posts, there are plenty of sales reports given so you will get a good idea of what to expect to pay.
Sorry that I don't have more information for you..
regards,
kyfdx
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I think I know your response but I will give it a try anyhow. If I wanted the SE model with 4 wheel drive, no other options and a 3/36 lease, can you give me MF and residual or is the situation still the same that this vehicle has factory options would would not allow you to get a clear picture as to the residual.
Thanks,
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Thanks anyhow,
Money factor is .00112
Have an offer for Toyota Highlander. Is this a good offer?
2013 Highlander Limited FWD
36 months
12k miles per year
$0 down
$479 incld CA taxes per month
Money factor: 0.00045
Car price: $39124
residual: $22011
Have an offer for Toyota Highlander. Is this a good offer?
2013 Highlander Limited FWD
36 months
12k miles per year
$0 down
$479 incld CA taxes per month
Money factor: 0.00045
Car price: $39124
residual: $22011
I just recently leased a 2013 Highlander Limited AWD, payment including 8.625 tax is 473.... 36 months, 12000 miles. First payment and registration fees up front.
I think better is possible, but this seems to be a pretty good deal.
Please visit our 2014 Toyota Highlander Lease Questions discussion.
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