I need advice. My lease is ending this month on my 2002 4 cyclinder Highlander. It has about 23,000 and the buyout is approximately $12,000. My friend says instead of giving it back to Toyota I should (1) pay for it in cash; (2) not buy an extended warranty; (3) keep it for 2 years and bank about $9,000 in car payments; and, (4) then sell it or use it as a trade in. If I buy it, I'm going to have to pay about $1,000 in sales tax and I don't think I'll go through the hassle of a private sale. Does it make more sense to give it back use some or all of the $12,000 sitting in the bank as a downpayment and get new car with an interest free loan from Toyota? What would you do? TIA. Egan.
Well, I like to keep a newer car, so I usually sell or trade mine every three years.
Sounds to me like that is what you like as well. For 0% financing, that is what I would do....depending on what you can swing monthly, I would put the absolute least amount down that I could, and take their interest free loan, and purchase a Highlander Hybrid Limited, and then I would be saving another $1,000+ per year in gasoline as well.
Our 3 year old Volvo turbo wagon was destroyed last week while parked in an office lot by a poor fellow who had some sort of seizure, left the road and drove 100 feet more before hitting our car at 45 mph. I think he is ok.
We test drove the '06 HL and both loved it! So I made a deal for a leftover on the lot - I think I got a good deal using the info on Edmunds-did I?
I plan on going to a few local dealers from now until the end of the month to see what they have left in the Highlander inventory. I'd be looking for an AWD (or 4WD) 6 cyl Highlander without any navigation package. Basically, whatever they have I am ok with, provided the cost is reasonable. I don't want/need the hybrid vehicle. I don't need/want the third row seat, although if the car had it then I would not refuse it. As long as it has leather and a decent stereo system/speakers then I'm good to go. Anything else is ok, although not necessary.
Am I better served at this very moment by getting some quotes from internet pricing services (off the Edmunds site) and the usual TMV/Edmunds pricing before heading off to a dealer (in Westchester county NY) just to gauge what I should be asking? Can I anticipate/expect $2000-$3000 of MSRP for remaining inventory?
So, you have no interest in saving about $1500, perhaps more each year? :surprise:
That is aproximately what the Hybrid would save you in gasoline. $7,500 over five years is about the same, and usually less, than the premium people pay for the Hybrid. And of course you would also get the Federal Tax Credit. I have seen Highland Hybrids posted here that people have bought, recently, for about $4,000 over the standard Highlander.
The performance details for the Hybrid are no less than the standard, according to the independent reviews.
Most car salesmen will tell you having a NAV package will get you more on resale than one without, essentially rendering it cost-free, so I don't think ruling it out is a wise move.
Read back over the three or four pages preceeding your post before deciding...
Okay... not everyone wants a hybrid.. for any number of reasons..
This discussion is to report Prices Paid and buying experiences... not to convince everyone they are buying the wrong car.. even if you are sure of it!!
I just agreed to buy an '06 Limited (non hybrid)with all factory options except nav and dvd for $30,200 with floor mats, wheels locks and cargo net. MSRP is $35,930. Tax, title, doc prep is extra.
We can't justify the Hybrid because we only drive each car 7,000 miles per year. Maybe I'd save $200 a year at best. And dealers aren't discounting the hybrids much, if at all, because of the tax credit.
Finally, with regards to the NAVI system being great in resale, I believe that is wrong. First, my Garmin Nuvi is better than Toyota at $600. I've used both, I know. And my Garmin goes into rental cars, our other car and I've loaned it out to friends too. I thnk the 3rd seat yuo don't care about is actually a better resale feature than NAVI
Second, if you trade in your car after 4 years, the car is great but the navi may be already obsolete. You might get back $400 of the $2k.
I totally agree with you!! Not everyone will save money on a hybrid -- I calculated that with the miles I drive, it would take me 14 years to break even. Well, I'll probably have a new car by then....
I myself will be grateful merely to be alive and in relatively good health by then! Seriously, I think hybrid HL is a good buy for an affluent driver driving a minimum of 15k per year. Most Hybrid calculators I see figure 15k per year miles@$3. per gallon by 10 years.
My response wasnt to you, and I am sorry if it appeared so, but to everyone....price, gas savings and environmental concerns all play a part, no?
Consumer Reports recently wrote:
Several hybrids--the Honda Accord, Lexus RX400h, Toyota Highlander, and Toyota Prius--are outstanding overall packages that score at or near the top of their categories in our Ratings (available to subscribers). Not only do the Accord, Highlander, and RX400h provide moderately better fuel economy than their conventional counterparts, but they also provide notably quicker acceleration. The Highlander and Prius [Hybrids] are among our Top Picks for 2006.
No argument there - I was just pointing out that from a cost perspective, the HH may not make $$$ sense for many families in the real world. I do not dispute the inherent goodness of hybrids, although I will note that buying an Accord H and getting lower mpg for $30k than the 4cyl $17k model is, well, dumb!
If you are buying merely to be green, there are many other choices as good or better for Mo' Earth, although maybe a bit less cool. Ya don't need a HH - just walk, bike, carpool when you can, combine trips, keep your tire properly inflated and stuff like that and your overall "human mpg" will shoot right up there!
That said, I have no issue with folks buying these and I am happy to suuport you with my contributions to your state and federal tax relief.
I am looking at a '06 Highlander, V-6, 2WD, 3rd Row. It has all the air bags, alloys, sunroof, tow package. The MSRP with no add-ons is $29,994. The best deal I am getting is $25,994 or $4,000 off including the rebate. Am I close to the best deal to be had on this vehicle? Thanks.
I just walked out of a Toyota Dealer. I am looking for a 2006 Highlander Limited leather pkg etc.... MSRP $34,180. Selling Price $31,850. 59% residual .00275MF with a $1,500 incentive discount. I have the 36/mo lease payment priced at $434 with 0 down. They wouldn't budge $2,000 $449/mo. Is my math wrong or is this dealership crazy? :mad:
Not my bad, kyfdx....in checking the top of the page, this is what I see....
You are here: Forums / Hybrid Vehicles / Toyota Highlander Hybrid / Toyota Highlander: Prices Paid & Buying Experience
I understand what you are saying, but the darn place has lots of posts, not just by me, confused....maybe this is something you Moderators and the Edmunds folks need to make clearer or maybe add instructions/explanation to specify Hybrid or not :confuse:
Took delivery this past Saturday of Black '07 HH Limited 4wd loaded with everything except entertainment system. Paid about $500 over invoice on last day of full tax credit (last Saturday) -- they had tried to get in an '06 and couldn't so got the "07 for same deal.
So far it is lots of fun to drive and very comfortable ride. Coming off a Denali XL, so totally different vehicle. Double the gas mileage is nice and it is ALOT easier to fit in the garage!
If I purchase a new Highlander (or any car for that matter) from one dealer and I want it serviced at another dealer they (the other dealer) would legitimately/legally have to service my car correct? I seem to remember, and maybe this was years ago, that other dealers sometime would not service a car not purchased from them.
Obviously I want to shop around for the beat deal and if I don't get that deal at my local dealer then I'll buy it where I can and have it serviced locally.
From an economic standpoint, it makes no difference whatsoever to a dealer, where the car was purchased from. Toyota provides the same dollar amounts to any dealer handling a warranty claim.
In fact any authorized repair facility, one that doesn't even sell cars, will get the same amount for handling warranty work.
I have not heard of a dealer not servicing cars not bought from them, and it violates their distrubution deal to do so.
Just wondering if there were/are any rebates for a non-Hybrid Highlander (2006).
Also, what are people's thoughts on car buying services such as carcash? There is another outfit only in NY called bigbucksauto. Anyone use this service? I have a 99 Mercedes ML320 SUV that I want to sell and I can either take a bath by trading it in at Toyota when I buy a new Highlander, or sell it on my own (don't want the hassle), or use a car buying service. Unfortunately, the nearest carcash place to me is 100 miles away in Hartford CT (I live in White Plains NY).
Toyota dealers make a killing in their service dept. Their net revenue and margins are very high and they are not going to turn away work (warranty or not) just because a car is purchased elsewhere.
Only thing you could lose out on is any local specials -- my dealer has free lifetime car washes -- you take the car in anytime and run it thru their stand alone wash. Not a huge deal, but nice to have I guess!
Comments
Cheers!
06 LTD 2WD w/3RD ROW (6932)
FE, EY, HD, LA, LL, NV, TO, VV, Z1
$31,999 after $2,000 rebate + TTL
Give me a friggin headache! :P
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Check the posts above, because some are getting the Highlander Hybrid Limited for nearly that!
approximately $12,000. My friend says instead of giving it back to Toyota I should (1) pay for it in cash; (2) not buy an extended warranty; (3) keep it for 2 years and bank about $9,000 in car payments; and, (4) then sell it or use it as a trade in. If I buy it, I'm going to have to pay about $1,000 in sales tax and I don't think I'll go through the hassle of a private sale. Does it make more sense to give it back use some or all of the $12,000 sitting in the bank as a downpayment and get new car with an interest free loan from Toyota? What would you do? TIA. Egan.
Sounds to me like that is what you like as well. For 0% financing, that is what I would do....depending on what you can swing monthly, I would put the absolute least amount down that I could, and take their interest free loan, and purchase a Highlander Hybrid Limited, and then I would be saving another $1,000+ per year in gasoline as well.
Comments on the NAV system?
Thanks
changer, eight speakers in six locations and in-glass antenna with FM diversity reception
I don't see anything about Bluetooth....
The NAV system is slammin and like a microwave...once you have had one, doing without is impossible.
We test drove the '06 HL and both loved it! So I made a deal for a leftover on the lot - I think I got a good deal using the info on Edmunds-did I?
06 Limited v6 4wd, 3rd seat
leather/sunroof/Jbl upgrade/extra airbags/tow prep/floor mats, cargo net/wheeel locks
MSRP: $35,930.
$30,200. plus $299 Document fee, and $90 registration fee. Sales tax not included. Rebate included.
At that price you could snag a hybrid.
4Dr SUV; 3.3L 6cyl 5A;Black
Front wheel Drive
option:
Appearance Package
8-Way Power Driver's Seat
Towing Prep. Package
Fog Lamps
Daytime Running Lights
Out the door price(after tax & $1500 rebate):US$24,000
I need to make decision now, really appreciate your help!
But I would press them and see if you can get the Hybrid for a couple grand more!
another question: Is AWD only useful in snowing weahter? I just feel like that 2WD SUV is not real SUV. Maybe I am wrong
IMO, AWD is better and safer in snow and WET conditions as well, as well as Forrest Service dirt roads.
I'd be looking for an AWD (or 4WD) 6 cyl Highlander without any navigation package. Basically, whatever they have I am ok with, provided the cost is reasonable. I don't want/need the hybrid vehicle.
I don't need/want the third row seat, although if the car had it then I would not refuse it. As long as it has leather and a decent stereo system/speakers then I'm good to go. Anything else is ok, although not necessary.
Am I better served at this very moment by getting some quotes from internet pricing services (off the Edmunds site) and the usual TMV/Edmunds pricing before heading off to a dealer (in Westchester county NY) just to gauge what I should be asking? Can I anticipate/expect $2000-$3000 of MSRP for remaining inventory?
Thanks!
That is aproximately what the Hybrid would save you in gasoline. $7,500 over five years is about the same, and usually less, than the premium people pay for the Hybrid. And of course you would also get the Federal Tax Credit. I have seen Highland Hybrids posted here that people have bought, recently, for about $4,000 over the standard Highlander.
The performance details for the Hybrid are no less than the standard, according to the independent reviews.
Most car salesmen will tell you having a NAV package will get you more on resale than one without, essentially rendering it cost-free, so I don't think ruling it out is a wise move.
Read back over the three or four pages preceeding your post before deciding...
This discussion is to report Prices Paid and buying experiences... not to convince everyone they are buying the wrong car.. even if you are sure of it!!
So... let's hear about the prices!!
Thanks,
kyfdx
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We can't justify the Hybrid because we only drive each car 7,000 miles per year. Maybe I'd save $200 a year at best. And dealers aren't discounting the hybrids much, if at all, because of the tax credit.
Finally, with regards to the NAVI system being great in resale, I believe that is wrong. First, my Garmin Nuvi is better than Toyota at $600. I've used both, I know. And my Garmin goes into rental cars, our other car and I've loaned it out to friends too. I thnk the 3rd seat yuo don't care about is actually a better resale feature than NAVI
Second, if you trade in your car after 4 years, the car is great but the navi may be already obsolete. You might get back $400 of the $2k.
Just my take -
Consumer Reports recently wrote:
Several hybrids--the Honda Accord, Lexus RX400h, Toyota Highlander, and Toyota Prius--are outstanding overall packages that score at or near the top of their categories in our Ratings (available to subscribers). Not only do the Accord, Highlander, and RX400h provide moderately better fuel economy than their conventional counterparts, but they also provide notably quicker acceleration. The Highlander and Prius [Hybrids] are among our Top Picks for 2006.
If you are buying merely to be green, there are many other choices as good or better for Mo' Earth, although maybe a bit less cool. Ya don't need a HH - just walk, bike, carpool when you can, combine trips, keep your tire properly inflated and stuff like that and your overall "human mpg" will shoot right up there!
That said, I have no issue with folks buying these and I am happy to suuport you with my contributions to your state and federal tax relief.
I hear you.
Toyota Highlander
4Dr SUV; 3.3L 6cyl 5A;Black
Front wheel Drive
option:
Appearance Package
8-Way Power Driver's Seat
Towing Prep. Package
Fog Lamps
Daytime Running Lights
Out the door price(after tax & $1500 rebate):US$24,000
We have this confusion here, as this forum is within the Hybrid forum...you are talking about a Highlander Limited, Hybrid at that price :confuse:
This forum resides under Prices Paid: Buying & Leasing Experiences forums.
You may have arrived here through the Hybrid forum, but sometimes a cigar is just a cigar..
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You are here: Forums / Hybrid Vehicles / Toyota Highlander Hybrid / Toyota Highlander: Prices Paid & Buying Experience
I understand what you are saying, but the darn place has lots of posts, not just by me, confused....maybe this is something you Moderators and the Edmunds folks need to make clearer or maybe add instructions/explanation to specify Hybrid or not :confuse:
So far it is lots of fun to drive and very comfortable ride. Coming off a Denali XL, so totally different vehicle. Double the gas mileage is nice and it is ALOT easier to fit in the garage!
I seem to remember, and maybe this was years ago, that other dealers sometime would not service a car not purchased from them.
Obviously I want to shop around for the beat deal and if I don't get that deal at my local dealer then I'll buy it where I can and have it serviced locally.
Thanks.
SammyS
In fact any authorized repair facility, one that doesn't even sell cars, will get the same amount for handling warranty work.
I have not heard of a dealer not servicing cars not bought from them, and it violates their distrubution deal to do so.
Also, what are people's thoughts on car buying services such as carcash? There is another outfit only in NY called bigbucksauto. Anyone use this service?
I have a 99 Mercedes ML320 SUV that I want to sell and I can either take a bath by trading it in at Toyota when I buy a new Highlander, or sell it on my own (don't want the hassle), or use a car buying service. Unfortunately, the nearest carcash place to me is 100 miles away in Hartford CT (I live in White Plains NY).
Thanks,
SammyS
BTW...for a non-hybrid Highlander (base - 6cyl, AWD, options of AG, CF, LF, EH, RL) they would sell for $26,500. The sticker MSRP is $28,914
SammyS
Here are the 50% credit amounts for October 1, 2006 through March 31, 2007:
2005 Prius: $1,575
2006 Highlander 4WD Hybrid: $1,300
2006 Highlander 2WD Hybrid: $1,300
2006 Lexus RX400h 2WD: $1,100
2006 Lexus RX400h 4WD: $1,100
2006 Prius: $1,575
2007 Camry Hybrid: $1,300
2007 Lexus GS 450h: $775
2007 Lexus RX 400h: $1,100
2007 Toyota Highlander Hybrid: $1,300
2007 Toyota Prius: $1,575
Only thing you could lose out on is any local specials -- my dealer has free lifetime car washes -- you take the car in anytime and run it thru their stand alone wash. Not a huge deal, but nice to have I guess!