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Toyota Venza Lease Questions

157 messages,  Last post on Apr 24, 2013 at 5:37 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? Toyota Venza, Car Buying, Car Leasing, SUV

Messages Page 8 of 16

#67 of 157 Re: 2010 V6 2WD Venza lease rate/residual? [joe222] by osbar81

Feb 12, 2010 (8:31 pm)

Replying to: joe222 (Jan 02, 2010 10:54 am)
This is my first post on this website. I always lease my cars and I never bought one and I always get good deals. (I am currently leasing a 2009 corolla LE paying $100/ month plus tax for 36 months after $ 3,000 Down).
 
Now, Let me tell you how much I was quoted on a 2010 Toyota Venza (2.7L) 2WD with Premium Package #1 and Panoramic Glass roof ..
M.S.R.P: $ 31,975.00
Residual Value: 65% ($ 16,702.00)
Lease term: 36 months
Miles/year: 15,000
Down payment: $ 3,000.00
Rebate: $ 1,000.00 (Owner Loyalty Bonus Cash)
Out of Pocket: $ 2,000.00 (includes title, registration, fees, taxes & 1st month payment)
Monthly payment: $ 300 (+ Tax) per month for the next 35 months
 
  The manager refused to give me the money factor. !! but I did alot of math and I think it is between 0.0015 and 0.002
 
Oh, I live in the Southeast

#68 of 157 Re: 2010 V6 2WD Venza lease rate/residual? [osbar81] by roho1

Feb 12, 2010 (8:58 pm)

Replying to: osbar81 (Feb 12, 2010 8:31 pm)
I'd say that's a great deal. I went to my local SET dealer the day before the recalls. 1/26/10
 
I was quoted a residual of 56% for 39m/12k. The money factor was .00199 for a tier 1 lease. There was no $1000 loyalty either. After all the add ons the monthly payment came out to be $375 with 2000 down. I walked.
 
It's hard to believe you got 65% residual.
 
I read today there will be more price incentives coming.

#69 of 157 Re: 2010 V6 2WD Venza lease rate/residual? [roho1] by tytek

Feb 20, 2010 (10:04 am)

Replying to: roho1 (Feb 12, 2010 8:58 pm)
He did not get a 65% residual, as $15.7k from $31k is not 65%, but more like 53%...
 
Hi Car_Man,
 
What is the real residual on a 2010 Venza V6 AWD? What MF is being used?
 
I just got a little over $5,500 off of MSRP on a $38k 2010 Venza in stock on the first try. Is there more left to go?
 
Seems like Toyota should be/might be working hard on trying to sell their 'runaway' cars Good time to get a nice deal.

#70 of 157 Re: 2010 V6 2WD Venza lease rate/residual? [tytek] by roho1

Feb 20, 2010 (3:36 pm)

Replying to: tytek (Feb 20, 2010 10:04 am)
What MF is being used?
 
The MF used is based on your credit score at SETF. Last month I was told a tier 1 MF(best credit) was 4.8% and a tier 2 was 6.6%. This was only after I started to ask questions when the first quote they gave me used a MF of 7.3%. Also. It is tough to pin down Toyota on the adjusted cap cost. This is where they play games with you. Of course this was last month before the recalls so I'm sure things have changed. Good Luck, I'm sitting this mess out for now.

#71 of 157 2010 2.7L 4-Cyl FWD Venza/Money Factor and Residual by osbar81

Feb 20, 2010 (9:35 pm)

Replying to: roho1 (Feb 20, 2010 3:36 pm)
Ok people, I have just leased (2/20/2010) a Toyota Venza 2010 2.7L 4-Cyl FWD (Black exterior and beige interior):
  
M.S.R.P: $ 31,429.00 (Convenience Package, Leather Package, Security Package, Panoramic Glass Roof and Premium Carpet mat set)
Selling Price: $ 28,766.62
Gross Cap Cost: $ 30,416.00 (selling price + Taxes + Acquistion fee)
Cap Cost Reduction: - $ 5,065
Adj Cap Cost: $ 25,351.88
Residual Value: 45.95 % ($ 17,266.00)
Lease term: 36 months
Miles/year: 12,000
Lease Factor: 0.00186 (For Excellent Credit)
Down payment: $ 5,000.00
Rebate: $ 1,000.00 (Owner Loyalty Bonus Cash)
Total Out of Pocket: $ 4,000.00 (includes 1st mo payment, title, reg, fees ... etc)
Monthly payment: $ 303.45 (+ Tax) per month for the next 35 months
 
I think it is a fair deal .. Although, they told me that they lost money on the car !!! I dont beleive it

#72 of 157 Re: 2010 2.7L 4-Cyl FWD Venza/Money Factor and Residual [osbar81] by roho1

Feb 20, 2010 (11:31 pm)

Replying to: osbar81 (Feb 20, 2010 9:35 pm)
Thanks for the info. I can't help but notice your residual went from 65%(1st post) to 46%. Did they explain that to you? Has the value dropped that much since the recall issues?
 
$5000 is a lot to put down for a lease. So what is the tax on your payment or in other words what is your final monthly payment?

#73 of 157 Re: 2010 2.7L 4-Cyl FWD Venza/Money Factor and Residual [roho1] by osbar81

Feb 21, 2010 (5:16 am)

Replying to: roho1 (Feb 20, 2010 11:31 pm)
Ok .. I am sorry .. The residual Value is 54.95% .. Yes, I agree, $ 5,000 is alot o put down for a lease but I put $ 4,000 (there is $ 1,000 rebate). The tax in my parish is 9%. So the final monthly payment with tax is $ 330 exactly.
 
I hope I get it right now: Toyota Venza 2010 2.7L 4-Cyl FWD (Black exterior and beige interior):
   
M.S.R.P: $ 31,429.00 (Convenience Package, Leather Package, Security Package, Panoramic Glass Roof and Premium Carpet mat set)
Selling Price: $ 28,766.62
Gross Cap Cost: $ 30,416.00 (selling price + Taxes + Acquistion fee)
Cap Cost Reduction: - $ 5,065
Adj Cap Cost: $ 25,351.88
Residual Value: 54.95 % ($ 17,266.00)
Lease term: 36 months
Miles/year: 12,000
Lease Factor: 0.00186 (For Excellent Credit)
Down payment: $ 5,000.00
Rebate: $ 1,000.00 (Owner Loyalty Bonus Cash)
Total Out of Pocket: $ 4,000.00 (includes 1st mo payment, title, reg, fees ... etc)
Monthly payment: $ 303.45 (+ Tax) per month for the next 35 months

#74 of 157 Re: 2010 2.7L 4-Cyl FWD Venza/Money Factor and Residual [osbar81] by chuck68516

Feb 24, 2010 (10:30 pm)

Replying to: osbar81 (Feb 21, 2010 5:16 am)
Toyota is offering 1.9% for 60 months. You could've bought it for $450 a month including sales tax. Kind of a waste to put down $4grand on a lease.

#75 of 157 Good deal? by mtnbyker

Mar 04, 2010 (6:31 am)

I'm thinking of pulling the trigger on a 2010 Venza with 4CYL, 4WD & Moon roof. These are the particulars:
MSRP: $30,364.00
Selling Price: $28,401.00
Residual: $17,942.00
Money Factor: .00044
 
$2000 down and $300 month inc tax.
 
Good deal?
 
Thanks - Paul

#76 of 157 Re: Good deal? [mtnbyker] by roho1

Mar 04, 2010 (7:37 am)

Replying to: mtnbyker (Mar 04, 2010 6:31 am)
Appears to be a good deal to me. What Toyota region are you in?
 
I haven't seen a MF that low, but I haven't looked in a month now. In Feb they had a $1000 loyalty rebate, is that still on for March?

Messages Page 8 of 16

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