Just leased this Toyota Highlander. How good/bad is this deal? I need to learn for my future deals.
Year, Make, Model, and Trim:
2019 Toyota Highlander LE Plus FWD
Saved Numbers on Leasehackr Calculator:
**Selling Price: $35,818 (5.8%)
**Monthly Payment: $461
**Cash Due at Signing: $0 + 1st month payment
**Leasehackr Score:6.6 years
I had a Hyundai Tucson 2017 trade-in with 1 year and 5 months left (payoff $17000), dealer appraisal $15,000), but marked trade in as $17,000, so I didn’t roll any negative in.
After we negotiated the monthly payment of $461 with no down-payment, I gave in and added GAP Insurance ($399 for the 3 years) and Windshield protection ($399 for the 3 years). The new monthly payment is $501/month.
The dealer marked the downpayment as $501/month (based on the first monthly payment?).
Sales tax $651 was rolled into the deal, but then they will send me a check to go pay it.
Any feedback is greatly appreciated. Will post the calculator link below.