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Toyota Venza Lease Questions
by kyfdx HOST
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Nov 07, 2008 (3:29 am)
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Ask your Venza lease questions here!
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- #2 of 58
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Venza Lease
by bjgcpa
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Nov 24, 2008 (12:22 pm)
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The Toyota web site now allows you to calculate the cost of a lease. So I did. I also priced out leases on Highlanders and did my homework. Right now, you can lease a 2009 RX-350 for $100 to $150 per month less than new similarly equipped Venza or Highlander lease. Wont ast long. The 2010 RX-350s are coming out in Feb or March 2009 and I think the dealers are liquidating their inventories for the new model year. I dont care what bells and whistles they put in the Venza. A 2009 RX-350 with all the bells and whistles compared to a loaded Venza is a no brainer. You can buy alot of gas for $150 a month.
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- #3 of 58
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Re: Venza Lease [bjgcpa]
by md_outback
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Nov 25, 2008 (4:16 pm)
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Replying to: bjgcpa (Nov 24, 2008 12:22 pm)
Hey bjgcpa, don't go by the numbers cranked out by Toyota's and Lexus' online payment estimator (they even warn in the fine print that the numbers aren't accurate). These do not always use the latest residuals and money factors. Having said that, it is likely very true that the outgoing RX350 will have much more attractive lease terms than the brand new Venza, so if you like the current RX, now is the perfect time to buy or lease, especially if you aren't impressed by the 2010 RX. If you like the Venza, ask this forum to get the latest Toyota Financial money factors and residuals for a specific Venza (include all info such as I4 or V6, FWD or AWD and option packages, show final MSRP), based upon lease term in months and mileage allowance. Once armed with that data, negotiate your best price on the Venza (some dealers are already showing very good Internet pricing). Note: I tried the Toyota payment estimator for a loaded Venza and the result showed that Toyota is either expecting the Venza to depreciate very rapidly (50% residual in 3 yrs/36K miles) and/or they are using a highly inflated money rate equal to 8% to 9%. Personally, I think they are waiting to see if there is serious demand for the Venza. If so, they can keep the rates up. If not, they'll come down to reality pretty quickly.
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- #4 of 58
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Re: Venza Lease [md_outback]
by bjgcpa
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Nov 25, 2008 (6:36 pm)
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Replying to: md_outback (Nov 25, 2008 4:16 pm)
I calculated the Venza lease assuming a 2,9% interest rate a residual value in the mid 50% range. Using the same lease length & miles, the 09 RX lease is about $125 per month less than the Venza. The RX is with the premium plus package. The 2010 RXs will be nicer but they will cost at least 10% more that the Rx's cost 4 months ago. I negotiated and signed the RX lease today. I an not waiting for the Venza. I have to beleive that the RX's will nicer than the loaded Venzas. The RX lease is $400 with $1000 down and a $3600 refundable security deposit
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- #5 of 58
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Re: Venza Lease [bjgcpa]
by md_outback
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Nov 25, 2008 (8:13 pm)
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Replying to: bjgcpa (Nov 25, 2008 6:36 pm)
Enjoy your RX. I have an '07 RX350 and it's a great vehicle. Make it even better by replacing the stock tires (I had Michelin Energy) with Bridgestone Dueler Alenzas. You'll trade off a little in ride comfort for dramatically better handling. Oh, and it does just fine on regular gasoline too. Best of luck to you.
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- #6 of 58
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Re: Venza Lease [bjgcpa]
by qs933
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Nov 25, 2008 (10:20 pm)
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Replying to: bjgcpa (Nov 25, 2008 6:36 pm)
Given that the 2009 RX is on the way out, it's not too surprising that there will be some excellent deals as dealers try to move as many units as possible before the 2010 model hits in a few months.
I don't think you can go wrong with a good deal on an '09 RX. The RX is missing some features found in the Venza (and the 2010 RX) such as the Smart Key, but it does have things not found on any Toyota including a longer warranty, generally nicer interior materials (real wood, for example), and a premium dealership experience.
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- #7 of 58
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Venza Lease
by my3rdrx
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Nov 26, 2008 (3:47 pm)
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I've already had three RXs (99, 01, 04), so I'm not interested in getting another one (and the 2010 doesn't look that much impressive either), but I'm very interested in the Venza. Could someone tell me what the monthly payment would be for a fully-loaded V6 (AWD, LX, NV & SR), 36-39 months, 10-12K/yr and no money down would run? Thanks.
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- #8 of 58
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Re: Venza Lease [my3rdrx]
by bjgcpa
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Nov 28, 2008 (7:06 pm)
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Replying to: my3rdrx (Nov 26, 2008 3:47 pm)
The Toyata web site lets you calculate this. Based on some of the pricing I did on their web site, I wouldnt be surprised if it ran at least $600 per month. Do you really think it worth that?
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- #9 of 58
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Re: Toyota Venza Lease Questions [kyfdx]
by md_outback
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Nov 29, 2008 (8:19 am)
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Replying to: kyfdx (Nov 07, 2008 3:29 am)
Hey kyfdx, can you please provide current Toyota Financial Venza lease rates (money factor and residual)? I am looking at a loaded Venza, V6 AWD with Premium Package 2, Navigation and sun/moon roof. MSRP including freight is $37,955. Looking for lease rates on a 36 month/12,000 mile/per year term. I live in Maryland. Some folks are using Toyota's on-line payment estimator and I think it is kicking out some bad data. Thanks for your help.
MD
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- #10 of 58
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Re: Venza Lease [qs933]
by Firebird_EOU
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Nov 30, 2008 (12:07 pm)
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Replying to: qs933 (Nov 25, 2008 10:20 pm)
RX2009: 5 speed, lower fuel economy, gen5 nav. (does this rear seat fold down?)
Venz: 6 speed, gen6 nav.
Does Toyota allow you to lower lease rate by putting down refundable security deposits? BMW does, and it seems Lexus does (from the above $3,800 mentioned).
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