Last post on Nov 18, 2013 at 4:22 PM
You are in the Toyota Venza
What is this discussion about?
Toyota Venza, Car Buying, Car Leasing, SUV
#8 of 160 Re: Venza Lease [my3rdrx]
Nov 28, 2008 (7:06 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?
#9 of 160 Re: Toyota Venza Lease Questions [kyfdx]
Nov 29, 2008 (8:19 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.
#10 of 160 Re: Venza Lease [qs933]
Nov 30, 2008 (12:07 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 160 Re: Venza Lease [bjgcpa]
Dec 02, 2008 (5:07 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.
Dec 02, 2008 (5:11 pm)
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 160 Re: Venza Lease [toledo73]
Dec 03, 2008 (6:16 am)
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 160 Re: Toyota Venza Lease Questions [md_outback]
Dec 14, 2008 (3:26 pm)
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.
Prices Paid: Buying & Leasing Experiences Forum
#15 of 160 Re: Toyota Venza Lease Questions [Car_man]
Dec 14, 2008 (5:20 pm)
#16 of 160 Re: Toyota Venza Lease Questions [Car_man]
Dec 22, 2008 (12:55 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!
Dec 28, 2008 (1:16 pm)
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.