October 2008 Lease Rate for 08 Toyota Highlander

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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LEASE CALCULATOR (requires MS Excel)

THE LIST, monthly list of car rankings on monthly payments

Rates provided by Tarry Shebesta from Leasecompare.com

4 thoughts on “October 2008 Lease Rate for 08 Toyota Highlander

  1. 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

  2. Ed, you may want to ask who the lender is because it doesn’t seem like your quote is from Toyota Financial.

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