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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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- #14 of 58
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Re: Toyota Venza Lease Questions [md_outback]
by Car_man HOST
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Dec 14, 2008 (3:26 pm)
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Replying to: md_outback (Nov 29, 2008 8:19 am)
Hi md_outback. I have not seen Toyota Financial Services' residual values for the new Venza yet. I'll have to look into getting those. I doubt that Toyota is providing any sort of lease support on it yet though. If this is indeed the case and you were to lease one through Toyota Financial Services, you would have to use its standard lease program. Its current buy rate standard lease money factor is .00295 for consumers who qualify for its Tier 1+ credit tier.
Vehicles' money factors and selling prices are much more important numbers than the residual value anyhow. Dealers make their money on them. They are powerless to alter the resids.
Car_man
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- #15 of 58
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Re: Toyota Venza Lease Questions [Car_man]
by md_outback
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Dec 14, 2008 (5:20 pm)
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Replying to: Car_man (Dec 14, 2008 3:26 pm)
Thanks Car_man.
MD
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- #16 of 58
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Re: Toyota Venza Lease Questions [Car_man]
by my3rdrx
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Dec 22, 2008 (12:55 pm)
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Replying to: Car_man (Dec 14, 2008 3:26 pm)
I had just spoken with a salesman at Fitzmall.com and was told that a fully-loaded V6-AWD (LX, NV & SR), 36 months, 12K miles/yr, and no money down would run $656.75 per month, with the money factor at an incredibly high .000335!
Obviously Toyota is not too worried about competition when a fully-loaded 09 VW Tiguan is currently leasing only for around $400 per month Sign Then Drive!
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