Hello Hackers !
First, I wanted to thank the LEASEHACKR community for everything I learned from you guys.
Our growing family is in need of a bigger vehicle, and I would appreciate some input on the deal I came across.
I was keeping my eye on 2021 Toyota Highlander XSE AWD for a few months, and almost pulled a trigger on one last month. ( Now I thanking myself for not doing it )
Yesterday I came across of the deal below, and immediately changed my mind of leasing a Hybrid version ( stronger residual, lower MF)
2021 Toyota Highlander Limited AWD Hybrid
0070/10 Blizzard pearl with Ash Interior
-12.3 inch Nav screen
-All weather matts
-Door egde guards
-Rear bumper applique
Region: IL ( Chicagoland area )
Selling price: $44,900
Factory Rebates: $899.11 ( complimentary first payment + $500 cash back)
RV: 65% (12k/year)
Original MF: .00108
MF after 9 MSD: .00034
Taxes: $1438 (DuPage country 7.25%)
DMV fees: $200
Doc. fee: $303.60
Trade in: breaking even on my previous lease 2020 Toyota Camry XSE 4 cyl with 13,400 miles ( dealer agreed to pay the payoff amount ($26,414)
As an extra I also asked for a GAP which will cost me about $150 ( I’m getting a credit of $154 from a previous GAP coverage )
Initially I was shooting for 12% off MSRP before any rebates, and agreed to 10.9% OFF which considering this month Toyota’s complimentary 1st payment and $500 rebate seems to be reasonable ( 12.7% OFF inclusive of all rebates )
We ended up to agree for $1150 out of my pocket to put me right under $400month + $3600 for MSD.
Vehicle that we worked a deal on is an Inbound vehicle and is scheduled to be delivered between March 8th and March 14th.
Looking for your thoughts on this deal.!
Thank you all !