What do you think about this highlander deal?

Ask the Hackrs
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1

Highlander LE hybrid.
NJ 07676.
12K miles, 36 months.

So for a 36 month, 12k mile lease you are at 937/mo. MSRP is $43,913 with a residual of $27,665. With a money factor of .00285

2

Open up the calculator on your phone and punch in 937 x 36

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3

Ask what kind of crack they’re smoking

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4

And then add that number to your residual, and compare that to the MSRP…

Have you contacted @Jrouleau426 yet?

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5

Is there negative equity in there?

6

I didn’t realize how bad it is!

7

Hmm what does it means? (I believe no since I’m not sure what the term means)

8

Sometimes, you can have an existing loan or lease where you owe more than what the car is worth. You can “roll” the negative amount into your new loan or lease - kind of like taking out equity when you refinance your house.

edit: link to Jim’s post for ref - 🛻 JUNE TOYOTA! All states! DEALERS NATIONWIDE! Deals below invoice! Tacos $265 TUNDRA from $359! $5700 off! - #6971 by eslincito0216

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9

Talk to @Jrouleau426 end of story

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10

At a bare minimum use broker deals posted here to give you a baseline, this deal is beyond awful. Even at MSRP on the Supporter Calculator the payment is $689+tax zero DAS

11

Bottom line it makes no sense to lease one of these.

If you want a hybrid 3-row, finance the Highlander or Kia Sorento etc.

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12

This is a buy or get a gas one from me for 5k off and lease that.

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13

Can you elaborate what’s the supporter Calculator and what’s tax zero DAS? (I assume it’s related to the delivery closing costs)

14

https://calculator.leasehackr.com/supporters

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15

You did not realize that 36 payments of 937 a month was a little over 30k?

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16

I knew it’s bad since I was aiming for 1% of MSRP.
But the moment I actually punched the numbers like the first comment said I realized how off it was.

17

I ran a calculator with 0% discount, 10% tax, 1000 acq, 1000 dealer, and 1000 gov fees. Still only get $842 per month with zero drive offs. Do you have market adjustments + mandatory add ons?

18

That rule is pointless :slightly_smiling_face:

Take some time and read leasing 101

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19

Your deal is over even the 2.25% rule

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20

you have a lot to learn my dude, take some time to read up.

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