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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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#46 of 58
Re: June Numbers [gmsmith] by Car_man HOST
Jun 22, 2009 (1:55 am)
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Replying to: gmsmith (Jun 01, 2009 4:30 pm)

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.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#47 of 58
Re: August Numbers please by gator00si
Aug 24, 2009 (6:41 am)
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Replying to: Car_man (Jun 22, 2009 1:55 am)

Carman,
 
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
#48 of 58
Re: August Numbers please [gator00si] by mervas
Aug 31, 2009 (8:30 pm)
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Replying to: gator00si (Aug 24, 2009 6:41 am)

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 58
Venza Lease Question by rovidana
Oct 18, 2009 (2:39 pm)
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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 58
Re: Venza Lease Question [rovidana] by toledo73
Oct 18, 2009 (3:24 pm)
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Replying to: rovidana (Oct 18, 2009 2:39 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 58
Re: Venza Lease Question [toledo73] by rovidana
Oct 18, 2009 (4:20 pm)
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Replying to: toledo73 (Oct 18, 2009 3:24 pm)

Thank you- very helpful.
#52 of 58
Re: Venza Lease Question [rovidana] by djhalptert
Oct 18, 2009 (4:33 pm)
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Replying to: rovidana (Oct 18, 2009 2:39 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.
#53 of 58
Re: Venza Lease Question [djhalptert] by rovidana
Oct 18, 2009 (5:54 pm)
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Replying to: djhalptert (Oct 18, 2009 4:33 pm)

I didn't realize that Ford offers leases. For some reason I thought their cars are not being leased. Or maybe I confused them with GM. Thanks.
#54 of 58
Re: Venza Lease Question [djhalptert] by drl_2
Oct 19, 2009 (5:24 am)
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Replying to: djhalptert (Oct 18, 2009 4:33 pm)

Anti-American, huh? The Edge is manufactured in Canada. The VENZA is manufactured in Kentucky.
#55 of 58
Get iLeasemycarpro by butchfoote
Oct 20, 2009 (3:34 am)
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If you have an iPhone or iPod Touch you can get an app for $2.99 (yep 3 dolars) that will do all of this math for you and more. It does reverse leases that will figure money factors, etc.
 
I used it recently to do the car loan math on a new Toyota Yaris and it was accurate to the penny with the dealer.
 
Even if you don't have the iphone, you can buy an iPod touch at an Apple Store or online for $199. I think most of us would save that on the next car deal we do.

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