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Toyota Venza Lease Questions

58 messages,  Last post on Nov 03, 2009 at 7:23 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Toyota Venza, Car Buying, Car Leasing, SUV


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#17 of 58
Venza Leases by CanStacker
Dec 28, 2008 (1:16 pm)
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Hi everyone,
 
Since Toyota has only built about 6500 Venzas, about 5 per dealer, and the fact that Georgetown is taking an extended holiday break, it would seem that incentives on the Venza may be little ways off. Also, since they launched it in December instead of January 2009, there will be a model year change later in 2009 ( before the current inventory is even close to one year old in actuality.
 
Thank you for this and other message boards on Edmunds.
#18 of 58
Re: Venza Leases [CanStacker] by my3rdrx
Dec 30, 2008 (5:20 pm)
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Replying to: CanStacker (Dec 28, 2008 1:16 pm)

I decided to pull the trigger on an 09 Mazda CX9 instead, since Toyota didn't even want to be bothered ~ With MSRP of $40,860 (which is $2K higher than the Venza), I was able to drive away with nothing down, TTL included, for 36 months, 12K/year, a monthly payment of only $551! It is the Grand Touring model with all the amenities and very similarly equipped as the Venza.
 
BTW, I did go and look at the VW Tiguan and was very disappointed in everything about it!
#19 of 58
Re: Venza Leases [my3rdrx] by CanStacker
Dec 31, 2008 (8:39 pm)
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Replying to: my3rdrx (Dec 30, 2008 5:20 pm)

Congratulations my3rdrx,
 
I've heard and read great things about the CX-9. I hope your car to turns out to be a great one.
 
CanStacker
#20 of 58
Re: Toyota Venza Lease Questions [kyfdx] by gensherman
Jan 02, 2009 (1:09 pm)
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Replying to: kyfdx (Nov 07, 2008 3:29 am)

I have enjoyed this discussion. The Dealers are certainly not "dealing" much on Venza to my way of thinking considering the current economic environment. I just finished a TL lease (a realy fine car- but I want more trunk space.)
 I am looking at a Venza (The Acura dealer has offered me a 36 month lease on 2009 TL, base model, for $90 less a month than on the Venza described below.)
 
I am trying to evaluate the lease offer and wonder if it would pay to purchase a lease evaluation package. I have seen them on-line for $20 to $70. Are they worth the cost and effort?
 
The Venza lease I am being quoted is with an adjusted cap cost of $32K, money factor of .00285, and 36 months lease payment of $649 for 6 cyl Venza with JBL SYNTHESIS SURROUND SOUND SYSTEM (EJ) and PREMIUM PKG #2 (LX)
What is a good way to evaluate this offer other than just looking at the ajusted cap cost and the money factor? Or is that all I really need to consider?
Thanks.
#21 of 58
Re: Toyota Venza Lease Questions [gensherman] by md_outback
Jan 03, 2009 (7:53 am)
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Replying to: gensherman (Jan 02, 2009 1:09 pm)

Hey gensherman, you should be able to evaluate a lease on your own when you are equipped with the right information. For your deal, you'll need more information, including: Full MSRP of the Venza, actual selling price (price as if you were paying cash), residual percentage (percent of MSRP you would pay for the vehicle at end of 36 month lease) and the money factor. Once you have that info, use any of several on-line lease calculators to determine your monthly lease cost. Armed with that information, go back to the dealer and renegotiate. I took a rough guess at MSRP and residual, but your figure of $649/month is way too high, even if your out of pocket costs are nothing more than first month's lease payment. The dealer is likely rolling in other costs such as taxes and acquisition fee (these are typical charges), and some unknown dealer "fees." Your best bet for getting a good lease deal is to negotiate your best purchase price (dealers here in the Wash DC area are offering Venzas for $3K to $4K below MSRP) and then understand every other charge that is going into the lease fee. And always shop around for the best deal, you can always bring the best offer back to your local dealer to see if they will match it. With Toyota Financial Services, the residual % and the money factor are pretty firm and the dealer has little control over these, thus the only thing they control is the purchase price. Good luck.
#22 of 58
Re: Toyota Venza Lease Questions [gensherman] by my3rdrx
Jan 03, 2009 (10:08 am)
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Replying to: gensherman (Jan 02, 2009 1:09 pm)

If you're interested, this is the most helpful information on how to arrive at a monthly lease payment that I've found: http://www.leaseguide.com/lease08.htm
#23 of 58
Re: Toyota Venza Lease Questions [md_outback] by Car_man HOST
Jan 09, 2009 (2:51 am)
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Replying to: md_outback (Dec 14, 2008 5:20 pm)

No problem, md_outback.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#24 of 58
Press Request by KarenS HOST
Jan 09, 2009 (5:24 am)
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A reporter from a large finance magazine is looking to speak to Toyota Venza owners. If you are interested in speaking with the reporter, please respond to ctalatiedmunds.com with your daytime contact information by Wednesday, January 14, 2009.
#25 of 58
Re: Toyota Venza Lease Questions [my3rdrx] by gensherman
Jan 09, 2009 (8:23 am)
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Replying to: my3rdrx (Jan 03, 2009 10:08 am)

thanks this was helpful
#26 of 58
Re: Toyota Venza Lease Questions [md_outback] by gensherman
Jan 09, 2009 (8:27 am)
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Replying to: md_outback (Jan 03, 2009 7:53 am)

Ok, thanks.
I'll gather the info. there must be other charges not disclosed.
 The quotes I have been getting do seem very high for this vehicle.

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