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Toyota Venza Lease Questions

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

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

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#21 of 58 Re: Toyota Venza Lease Questions [gensherman] by md_outback Jan 03, 2009 (7:53 am)
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. Replies to this message: gensherman (Jan 09, 2009 8:27 am) gensherman (Jan 29, 2009 1:58 pm) stoopy (Feb 01, 2009 10:49 am) md_outback (Feb 06, 2009 8:02 am)
#22 of 58 Re: Toyota Venza Lease Questions [gensherman] by my3rdrx Jan 03, 2009 (10:08 am)
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 Replies to this message: gensherman (Jan 09, 2009 8:23 am)
#23 of 58 Re: Toyota Venza Lease Questions [md_outback] by Car_man HOST Jan 09, 2009 (2:51 am)
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)
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)
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)
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.
#27 of 58 Re: Toyota Venza Lease Questions [my3rdrx] by ponytrekker Jan 20, 2009 (4:48 am)
Replying to: my3rdrx (Dec 22, 2008 12:55 pm) You could lease an X5 for less.
#28 of 58 Re: Venza Lease [bjgcpa] by indianajohns Jan 21, 2009 (8:17 pm)
Replying to: bjgcpa (Nov 25, 2008 6:36 pm) I calculated the Venza lease assuming a 2,9% interest rate a residual value... That was the funniest post I've read around here in months!   When has Toyota ever had a lease rate in the 2.9% range??? 99% of the time they are at an un-leasable 7%. I would estimate an MSRP $32,000 Venza will probably lease at around $579 with zero down for 36 months.   Ridiculous considering you could buy one for $40 less per month. Replies to this message: md_outback (Jan 22, 2009 8:25 am) stoopy (Jan 22, 2009 3:47 pm) md_outback (Jan 23, 2009 9:53 am) and 1 more...
#29 of 58 Re: Venza Lease [indianajohns] by md_outback Jan 22, 2009 (8:25 am)
Replying to: indianajohns (Jan 21, 2009 8:17 pm) Actually, Toyota lease rates vary quite a bit, depending on the vehicle AND the geographic region your dealer is in AND your credit rating. Could be you are in a region that can command higher rates due to local competition and other factors. In my area (Baltimore/Wash DC) I've seen money factors equating to lease rates below 2%, but these are typically on vehicles in high supply that Toyota needs to move quickly. As long as Venzas are in short supply, lease rates will be higher than on other Toyotas. This could change as supply goes up if Venzas are not moving as quickly as Toyota hopes. Replies to this message: stoopy (Jan 22, 2009 3:47 pm) md_outback (Jan 23, 2009 9:53 am) indianajohns (Jan 23, 2009 9:05 pm)
#30 of 58 Re: Venza Lease [md_outback] by stoopy Jan 22, 2009 (3:47 pm)
Replying to: md_outback (Jan 22, 2009 8:25 am) I agree with IndianaJohns. Here's why...   According to this forum here are the Toyota money factors in APR form: 2009 Prius 7.08% 2009 Rav4 6.6% 2009 Corolla 3.92% 2009 Camry 3.24% 2009 Avalon 7.08% 2008 FJ Cruiser 6% (info from 09/07 2009 Highlander 7.08% 2008 Matrix 6.84% (from 04/07) 2008 Sequioa 2.016% (from 08/08) Low money factor because residual was 46% 2009 Sienna 1.8% (45% residual) 2009 Venza 7.08%   My first point is 7 of the 11 are over 6%. The low money factors are low just to compensate for low residual so they can move cars. Historically, even the low ones were 5-7% before their residual values tanked. My second point is Toyota's standard money factor for Tier 1+ credit is 7.08%!! What is their Tier 2??? Don't want to even think about it. Yes, they do occasionally lower them here and there to move cars and to try to match the competition's lease rates but to have a standard lease rate of over 7% is laughable to me. In my opinion, I don't think it is financially beneficial to lease any car if the lease rate is over 4% (0.00167). Might as well buy it. Replies to this message: md_outback (Jan 23, 2009 9:53 am) indianajohns (Jan 23, 2009 9:05 pm)

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