- #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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- #11 of 58
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Re: Venza Lease [bjgcpa]
by toledo73
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Dec 02, 2008 (5:07 pm)
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Replying to: bjgcpa (Nov 25, 2008 6:36 pm)
A 3600 Refundable Security deposit? Never heard of such a thing. So, you had out of pocket of about 5K, 3600 of which will be refunded to you at lease end? Is this added to the residual? Better check your fine print.
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- #12 of 58
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RX
by toledo73
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Dec 02, 2008 (5:11 pm)
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Frankly, my wife currently owns an 06 RX 330 and I'm happier driving my CRV. I feel cramped in the RX, especially with the moonroof and the handling is a bit imprecise for me. So you may want to drive the Venza before you grab an RX lease.
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- #13 of 58
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Re: Venza Lease [toledo73]
by md_outback
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Dec 03, 2008 (6:16 am)
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Replying to: toledo73 (Dec 02, 2008 5:07 pm)
The extra security deposit is typically referred to as "multiple" security deposits and yes, they are refundable at the end of the lease and should not impact residual. Each multiple will reduce your money factor a certain amount as allowed by the leasing company. For example, for each additional $500 you may reduce the money factor by .00007 or so (varies by leasing company and the actual amount of the lease). Often this makes more sense than putting down the same amount as a capital cost reduction because you reduce your monthly payment by reducing the finance charge and you get the money back. I know that Lexus allows this and they are the same finance company as Toyota Financial Services, so I'm guessing Toyota may also allow it.
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