My Take: A $1000 rebate is still available for the Toyota Highlander this month. The good news is that, the MF dropped a bit, but the residual also dropped. In the end the payments should be pretty close to last months. Be sure to secure a low sale price and tack on the $1000 rebate on top of that. Sales are slow right now, dealerships are like ghostowns. If you have excellect credit, this is the time to get into a new car. NOTE: I applied a $1000 rebate to the invoice and MSRP when calculating payments. You should at the most pay $1000 under MSRP. Personally, I think you should be paying $1000 under invoice.
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At Invoice | At MSRP | |||||||
Make/Model | Invoice | MSRP | 24-month | 36-month | 24-month | 36-month | ||
08 Toyota Highlander Limited 2WD | $30,026 | $33,645 | $513 | $420 | $667 | $524 |
- Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
- Local Taxes not included.
- 24-month/15k and 36-month/15k terms.
- All cars are stock, without any options.
- Cars ranked from lowest payment to highest payment.
- Yellow boxes denotes “lowest” lease payments for each car.
2008 Toyota Highlander Limited 2WD
24 Month – Residual 53% of MSRP – .00099 Base Rate
36 Month – Residual 46% of MSRP – .00099 Base Rate
48 Month – Residual 37% of MSRP – .00265 Base Rate
60 Month – Residual 29% of MSRP – .00265 Base Rate
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QUICK LINKS:
LEASE CALCULATOR (requires MS Excel)
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Rates provided by Tarry Shebesta from Leasecompare.com
I am in tampabay Florida, I am looking at a 2008 toyota highlander 2wd .
What is the proper residual for this vehicle. 43% 46%??
can you help
Ed. I think the SE region uses a different lender and I don’t have their rates. Sorry.
G,
It’s souteast Toyota, their quoting .00227 MF.
and a 42% residual
Ed, you may want to ask who the lender is because it doesn’t seem like your quote is from Toyota Financial.