Last post on Nov 18, 2013 at 4:22 PM
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Toyota Venza, Car Buying, Car Leasing, SUV
#43 of 160 Re: CarMar - What are Current Venza Lease Rates? [md_outback]
May 07, 2009 (2:27 am)
Hey MD. The Venza isn't a bad vehicle...it just seems sort of expensive to me for what it is. Plus, while Toyota has some of the most aggressive lease money factors that I have ever seen it offer on many other models right now once again it has not lease support on the Venza this month.
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.
Prices Paid: Buying & Leasing Experiences Forum
#44 of 160 Re: CarMar - What are Current Venza Lease Rates? [Car_man]
May 07, 2009 (5:39 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.
#45 of 160 June Numbers
Jun 01, 2009 (4:30 pm)
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.
#46 of 160 Re: June Numbers [gmsmith]
Jun 22, 2009 (1:55 am)
Hello gmsmith. Toyota is not currently providing any lease support on the Venza. As a result, if you were to lease one through Toyota Financial Services right now, you would have to use its standard lease program. TFS' current buy rate standard lease money factor is .00265 for consumers who qualify for its top aka "Tier 1+" credit tier. TFS' 36 month residual value for an '09 Venza AWD is 61%. Its residual value for a lease with only 12,000 miles per year is 2% higher.
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.
Prices Paid: Buying & Leasing Experiences Forum
#47 of 160 Re: August Numbers please
Aug 24, 2009 (6:41 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...
#48 of 160 Re: August Numbers please [gator00si]
Aug 31, 2009 (8:30 pm)
I tried to make a deal for a base Venza for 24000 in NY, dealer said " NO WAY!! and until October when the 2010 Venza will be in the dealerships don't bother coming back"...I saw the lease special that Toyota has for Venza for 269/MO I don't know if I should go for it...should I buy or should I lease?
#49 of 160 Venza Lease Question
Oct 18, 2009 (2:39 pm)
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.
#50 of 160 Re: Venza Lease Question [rovidana]
Oct 18, 2009 (3:24 pm)
My calculation is 448 a month based on residual of 60% and money factor of .00265. Purchase price would be 32K. this is with no money down, not including sales tax. you'd still have to pay start costs. hope helpful
#51 of 160 Re: Venza Lease Question [toledo73]
Oct 18, 2009 (4:20 pm)
Thank you- very helpful.
#52 of 160 Re: Venza Lease Question [rovidana]
Oct 18, 2009 (4:33 pm)
Reasonable? You could get a Ford Edge Limited AWD MSRP $38,000 for $315 a month with that kind of cash down. Toyota once again has terrible lease rates. Ford has 0.25% on the Edge. Divide that by 2400 to figure the money factor. Probably figures out to about $5 to $10 a month on rent charge vs Toyota's $90 to $100 plus.
But I know, some people are anti-American no matter what the cost benefit is.