My wife is not super happy with me for punting on this - so could use some more background. I think we will like a Grand Highlander Hybrid 2025 AWD coming from a late 2010 Pacifica. Someone made a comment that Toyota didn’t put any money into the lease budget to move these cars? Is there any additional color? Could this be a regional thing?
I remain willing to fly to pick up a car from the midwest (for example) to get below the MSRP+ rates of the North East, but if the long/short is 15K mpy is still going to leave me north of $700 a month in the current market, maybe I need to find a new reality…
From a “this is a specialist forum” perspective, am I missing some obvious financing hack if I did want to cycle this car out after 3-4 years/60K miles? Paying a bunch up front or paying down slow, it’s still cash out the door that could be working elsewhere.. ? vs a lease which is in principal leaving X% to be someone elses problem..
Or is it really just that you buy this car to hold on to it. Not trying to be difficult, just wondering if I’m missing something nuanced…
Toyotas hold their value pretty well. So even if you were planning of only keeping the car for not more than 4 years, you will have a lot more equity when it came time to sell.
@NJL - Have you actually run lease numbers on this car, assuming sale price is MSRP?
They hold their value extremely well. I would pay cash as most financing rates are 5-7% and the ROI in stocks is only about 8%. That isn’t worth the risk to me. Not to mention, this could be a vehicle that can last you 12-15 years and 300,000 miles. That is all baked into the selling price. If you want a vehicle for just the next 3 years, lease something that well, leases well lol.
I guess I don’t understand why you would get this at these prices. What is the advantage of this model? I had a 2018 Highlander that I was mostly happy with (my 2021 Pilot had absolutely nothing wrong with it when I returned it, the Highlander had some minor issues). Although I did like the way the Highlander looked and drove. At this price I would sooner get an MDX or a Volvo XC90 unless I am missing something?
I am currently in the market for a 7 passenger upper level SUV in this category and that is what I am looking at instead