Monthly Payment (inclusive of all MF, Gap insurance, taxes, everything from what they said is $675.00 monthly.
Credit is great
Lease Terms:
Term: 36 months
Mileage Allowance: 12,000 miles per year
Additional Lease Information (Based on Lease Hacker Data for South Florida 33001):
Residual Percentage: 64-66%
Money Factor (MF): 0.00302
Iâm eager to hear your thoughts on whether this is a solid deal or I should continue to work it or possibly just buy out the 2020, still happy with it. Iâm in South Florida (ZIP code 33001) which might influence the overall lease costs. Thanks in advance!
Iâm curious too. What is the 3rd row & cargo space difference when the 3rd row is up? We have a '22 XLE AWD thatâs just not big enough. For the Grand Highlander MSRP, I think even a slightly more expensive Sienna would be a better car.
Youâve got a lot of moving parts here. So they are giving you $1,500 or $2,000 more than you owe on your 2020? $1,000 dealer discount. What is this dealershipâs doc fee? It is South Florida, so what is it ($900-$1200)? What are they charging you for the GAP insurance?
The vehicle is much like the sequoia, but smaller and larger than Current Highlander. Nice room in 3rd row, think exit row on an airplane, not that big but you get it and definitely more cargo room on the back. XLE the technology is the same. In the limited you get a lot more - Toyota Safety 3.0, panoramic 360 view monitoring.
Offer
The selling price is 52.9k, theyâre going to give me 1k off of msrp plus give 2100 in equity on the 2020 Highlander. They are telling me itâll be $675 a month for really 35 months because the $1000 will cover the first months payment.GAP ins. Iâm unsure. Letâs say $700-1000. I believe I can get it through my insurance. So may ask to see price without it.
Doc fee is $1095, but should be included.
All in all the total for the 36 months including the 1000 will be $24,625 based on what I know.
Itâs roughly the same capacity as a Honda Pilot. Itâs only âgrandâ because the Highlander was smaller than the rest of the mainstream competition.
The leases in this segment are terrible except for the smaller PHEV such as the Mazda CX90. And the bodystyles donât even change very often. I donât see the point in repetitively leasing in this segment under current market conditions.
TLDR finance a GH, Pilot or Telluride and own it until the next bodystyle comes out (trade in if thereâs a tax benefit otherwise sell separately). The demand from the âalways buy usedâ crowd + the demand from the âI need a three row SUVâ crowd = resale value will always be top percentile.
[quote=âmax_g, post:9, topic:492258â]
Itâs roughly the same capacity as a
We had a â17 Pilot before we bought the â22 Highlander. Space is definitely an issue with our Highlander. I made the mistake of getting our â22 Highlander with rear captainâs chairs instead of a bench like we had in the â11 Pilot, then the â17 Pilot. Itâs also not as big as the Pilot. I did buy the Highlander and most likely will be able to unload it at anytime due to the popular nature of it and vehicles in the segment. I donât know if anything in the segment is big enough to fit our needs.
The Sienna has incredible resale value. If it is the same price or even slightly more than a similarly equipped Grand Highlander Iâd go that route.
Having current, accurate information for residual value, money factor, and incentives is important in understanding your deal. As such, going directly to a source that has access to that data from the captive banks is your best option.
Rate Findr has that information, as they have direct access to it from the captive banks. Itâs a tool on the Leasehackr Calculator, available to Super Supporters.
