August 2008 Lease Rates for 08 Toyota Highlander

Published by G

My Take: Ever wanted to know how much the Highlander Hybrid costs to lease? Lets find out! Just make sure you don’t get your hopes up. The residual is so-so and the MF is on the higher end of things here, not exactly the best combination out there. Seems to me that what you save on gas, compared to the non-hybrid models, you make up in higher payments.

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  • Highlander Limited Hybrid 4WD
  • MSRP $43,835
  • Invoice $39,028
  • Standard inception fees + tax not included
  • Residuals posted are for 15K miles/year.

2008 Toyota Highlander Limited Hybrid 4WD
24 Month – Residual 63% of MSRP – .00255 Base Rate
36 Month – Residual 54% of MSRP – .00255 Base Rate

24mo Payment: $645 at invoice, $858 at MSRP
36mo Payment: $586 at invoice, $732 at MSRP

You don’t want any lease longer than 36-month since the warranty is only up to 3 yrs. The numbers look “okay”. Certainly not motivating me to run out and get one since you probably won’t get much of a discount since this IS a hybrid.

In contrast…

  • Highlander Sport 4WD
  • MSRP $38,240
  • Invoice $33,554
  • Standard inception fees + tax not included
  • Residuals posted are for 15K miles/year.

2008 Toyota Highlander Sport 4WD
24 Month – Residual 57% of MSRP – .00166 Base Rate
36 Month – Residual 50% of MSRP – .00166 Base Rate

24mo Payment: $582 at invoice, $785 at MSRP
36mo Payment: $488 at invoice, $626 at MSRP

We’re looking at about $100 bucks per month more on the Hybrid over 36 months. That’s $3600 over the course of 3 yrs. On average, the Hybrid gets about 7 miles more than the non-hybrid version. Meaning, if you drive 12k miles per year, you consumer 462 gallons on a hybrid and 631 gallons on a non-hybrid. Assuming gas prices are at $5 per gallon (I know they aren’t, but this is just to anticipate any price changes for the next year or so), that’s $845 more per year on the non-hybrid. However, you are paying $1200 more per year on the hybrid, making it about $355 more per year.

Rates provided by Tarry Shebesta from Leasecompare.com

2 thoughts on “August 2008 Lease Rates for 08 Toyota Highlander”

  1. Which toyota Region are the MFs you mention above from? Toyota has different MFs for some of its regions (NY region, SouthEast…..) NY region is typically the lowest and Im being told its much lower that you have listed above.

  2. Layers: Unfortunately, Tarry’s rates do not specify regions. It probably Toyota’s base rates for the month. Then each region makes adjustments according to their market in their region. Honda seems to do the same thing.

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