Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences 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
|
|
|---|---|
|
Replying to: sam_k (Mar 18, 2009 6:43 am) I agree that if that is the way Toyota is calculating their leases it will ultimately raise the monthly payment and may lose some business. It really makes no sense for them to do this for "factory-installed" options; Lexus doesn't do it and they use the same financing company. Honda does this for the "dealer-installed" options, but that makes a little more sense since the dealer doesn't install $7000 worth of stuff. On the other hand, it will reduce your buy-out at the end of the lease, so you could turn a small profit if you sell the car yourself or trade it in a few years. Maybe this is a new tactic that Toyota is trying so they get more cash up front and not have consumers complain that their vehicle didn't hold its value by the end of a lease. But that is pretty misleading, imo.
|
|
|
Replying to: md_outback (Mar 18, 2009 12:29 pm) I think Toyota does this to push people into buying instead of leasing. A lot of car companies don't like to lease anymore because it seems that the cars always end up being worth less than the residual value. Like you said, it you're buying the car at the end, then you either can pay for the options through the lease or just pay for them later but I always return my cars at the end of the lease so it's not worth it to me. Most car companies make you pay for 100% of dealer installed options/accessories in the lease and that make sense since they won't recoup any of that money back when they resell the car after you return it but Toyota should residualize the factory installed options. According to Car_man, Nissan residualizes factory installed options and most dealer installed options which makes it a lot better to lease a Nissan than a Toyota. I was considering leasing a Toyota Camry or Venza but it looks like they're off my list. |
|
|
|
|
Hey CarMan, I know there haven't been any major incentives thus far for Toyota's Venza. Can you tell me the latest money factors and residuals for the following: 2009 Toyota Venza V6-AWD, with Prem. Pkg #2, Navigation System, Panoramic Roof and Mats. Total MSRP is about $38,400. Looking to lease for 36 months  12k miles per year. Do they have a standard 39 month lease package? Thanks for your help. MD
|
|
|
Replying to: md_outback (Apr 27, 2009 1:12 pm) According to the latest information that I have seen, if you were to lease a 2009 Toyota Venza V6 AWD through Toyota Financial Services right now for 39 months with 12,000 miles per year, its buy rate lease money factor and residual value would be .00285 and 60%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier. Keep in mind though that TFS places restrictions upon the options that can be residualized. As a result, it is difficult for consumers to calculate the actual dollar residual values that are needed to arrive at a monthly lease payment on their own. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
|
|
|
|
|
Replying to: Car_man (May 07, 2009 2:27 am) Thanks for the info. The Toyota finance guy was giving me a really crazy high money factor of .00395 and a low 51% residual for 36 mos/36k miles. The good news is that I got more than $4600 off MSRP so I bought it. As far as being a bit expensive, I guess it's all relative. But for $34K fully loaded, it's a much better deal than a Lexus RX, Audi Q5, Volvo XC60, Infiniti FX35 and Nissan Murano LE. It's quicker than all except the FX, has more cargo room than all but the RX. Lower priced competition I also considered are Subaru Outback and Forester, Toyota RAV4, Mazda CX7 and Ford Edge. All good vehicles, but I came away thinking they were all "cheaper" feeling and less refined than the Venza. Bottom line was that the Venza was the best overall package for my needs. MD |
|
Anyone know what the June lease numbers are looking like for the Venza? Specifically I am looking for MF and Residual for the AWD 6cyl version for both 12 and 15k miles.
|
|
|
Replying to: gmsmith (Jun 01, 2009 4:30 pm) Keep in mind that TFS places restrictions upon what options can be residualized. This makes it difficult for consumers to calculate what the actual dollar residual values are for specific units on their own. Calculating vehicles' residual values is so complicated that TFS provides dealers with a list of the dollar residual values for the specific vehicles that they have in stock rather than relying upon them to calculate them on their own. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
|
|
|
Replying to: Car_man (Jun 22, 2009 1:55 am) August numbers for both I-4 & V-6 AWD please. I'm trying to compare payments to decide which engine to go with. Also, do you know when the 2010 models are coming out? I would think in the next month or so... thanks Eric
|
|
|
Replying to: gator00si (Aug 24, 2009 6:41 am) |
|
|
I went to a couple of Toyota dealers asking for lease quotes on Venza V6 AWD with Comfort Package (includes Smart Key system, JBL premium audio, leather seating, backup camera and tow prep package). MSRP on this car is 34,840. I am willing to put $3,500 total out of pocket. The quotes I got were in the low to mid 400s for 36m lease and 12k miles per year. Can someone please tell me whether the quotes I got are reasonable? Thank you. |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Toyota Venza Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2009 Toyota Venza
Browse by Board
Browse by Topic
Today's Chats
