Need help lease Toyota Highlander / Ford Explorer

nj
suv
ny

#1

Hi all,
My first post here, I hope I am posting it in the right section…
I currently have a Toyota highlander LE leased, with 8 payments left on it, paying $355 a month (37K miles currently on the car).
I would like to end the lease early and lease a new highlander, xle trim at the minimum. Need 24K miles a year. I am located in South Jersey, but I can drive anywhere reasonably far, I travel to MD, DC, NJ, NY, DE etc. on a regular basis.
Also, I don’t mind getting ford explorer instead of the highlander, I like them both. Anyone have good advice? broker? dealer? I appreciate your kind help!


#2

24k/yr, you should just buy a car. You’ll see why when you turn in your current Highlander.


#3

Why do you want out so early? And if you drive so much, I agree with @Jon to just buy one!

@Jrouleau426 is your man. Message him. He’s in philly and gets great Toyota rates. He just helped my buddy purchase a highlander for an awesome deal.


#4

I am moving, and will need a lot more miles a year.
Right now my lease is for 12K a year, by the end of it I will owe Toyota a few $K for overage, that’s why I want out now.
Yes, buying is an option you guys are right. thank you. any advice about that?


#5

If you want out now, call TFS to see what your buyout is, and then check w/ Carvana, Vroom etc to see what they will give you for your Highlander.

Then as Jon and GC2A said, buy yourself something that is 2-3years old w/ low mileage.


#6

Yes. Speak to Jim @Jrouleau426. You’re right nearby to him since he’s in Philadelphia. He’ll get you a great deal on a highlander purchase as he did for me a couple weeks ago.


#7

Just buy out the current highlander and enjoy …


#8

The current one is LE, if i;'m buying it - I want it to be XLE, I spend a lot of time driving…


#9

Message Jim @Jrouleau426 His Toyota deals are insane. I just picked up 2019 5.7 4wd Tundra Crewmax Simply bc the deal was insane. No one will believe the deal…


#10

I don’t believe Toyota has true pull ahead, so you would be paying for those payments one way or another plus a 24K/year would be extremely expensive.

If the cars value isn’t signficantly underwater currently, you are better off trying to work out a deal with a dealer where he swaps yours for a used XLE. The difference from your buyout would likely be a few grand at least but probably your best option since 8 payments will cost you $3K plus the overage. May take some work as most dealers will try to sell at a retail price and give you wholesale for yours. Look at cargurus and see what specific used Highlanders have been sitting the longest near you.


#11

What deal did you get?