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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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#10 of 58
Re: Venza Lease [qs933] by Firebird_EOU
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).
#11 of 58
Re: Venza Lease [bjgcpa] by toledo73
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.
#12 of 58
RX by toledo73
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.
#13 of 58
Re: Venza Lease [toledo73] by md_outback
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.
#14 of 58
Re: Toyota Venza Lease Questions [md_outback] by Car_man HOST
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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Prices Paid: Buying & Leasing Experiences Forum
#15 of 58
Re: Toyota Venza Lease Questions [Car_man] by md_outback
Dec 14, 2008 (5:20 pm)
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Replying to: Car_man (Dec 14, 2008 3:26 pm)

Thanks Car_man.
 
MD
#16 of 58
Re: Toyota Venza Lease Questions [Car_man] by my3rdrx
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!
#17 of 58
Venza Leases by CanStacker
Dec 28, 2008 (1:16 pm)
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Hi everyone,
 
Since Toyota has only built about 6500 Venzas, about 5 per dealer, and the fact that Georgetown is taking an extended holiday break, it would seem that incentives on the Venza may be little ways off. Also, since they launched it in December instead of January 2009, there will be a model year change later in 2009 ( before the current inventory is even close to one year old in actuality.
 
Thank you for this and other message boards on Edmunds.
#18 of 58
Re: Venza Leases [CanStacker] by my3rdrx
Dec 30, 2008 (5:20 pm)
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Replying to: CanStacker (Dec 28, 2008 1:16 pm)

I decided to pull the trigger on an 09 Mazda CX9 instead, since Toyota didn't even want to be bothered ~ With MSRP of $40,860 (which is $2K higher than the Venza), I was able to drive away with nothing down, TTL included, for 36 months, 12K/year, a monthly payment of only $551! It is the Grand Touring model with all the amenities and very similarly equipped as the Venza.
 
BTW, I did go and look at the VW Tiguan and was very disappointed in everything about it!
#19 of 58
Re: Venza Leases [my3rdrx] by CanStacker
Dec 31, 2008 (8:39 pm)
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Replying to: my3rdrx (Dec 30, 2008 5:20 pm)

Congratulations my3rdrx,
 
I've heard and read great things about the CX-9. I hope your car to turns out to be a great one.
 
CanStacker

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