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Toyota Venza Lease Questions

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  • Hello, Car_Man, I’m also interested the MF and residual for the AWD Venza 4-cyl & V6 for 12K and 36 months?

    I believe this is for the Denver Region (I’m in Utah).
  • joe222joe222 Posts: 6
    Car_Man - I am in So Cal & am interested in a 48mon / 12k & 15k lease on the above. Do you have the January MF / residuals yet? I went into a local dealer yesterday & they were quoting me a MF of .00265 & 46% (on 12k miles)...this correct? If so, Toyota is definitely trying to steer customers away from leasing this vehicle...doesn't make sense at those rates! Any insight would be greatly appreciated!! Happy new year!
  • kptownkptown Posts: 2
    Car man,
    do you know the current residual, money factor etc for a 2009 venza v6 awd for 3 years 12000 miles per year. There appear to be current toyota specials on these cars. I live in pennsyvlania.
    thanks.
  • car_man, (or anyone) do you know the current residual and MF for the new york metro area?
    12 k or 15 k 3 year lease
    thanks!
  • waltazwaltaz Posts: 123
    Hey car_man,

    I am also looking at a 2010 Venza V-6; either FWD or AWD. Can you let me know the lease numbers for each, including the money factor and residual for 18K miles/year for 36/39 months? And are these for Jan, or a different timeframe?

    For some reason, the Toyota dealer I am talking with seems reticent to give me these numbers, like just about every other dealer does...

    Thanks,

    Walt in AZ
  • osbar81osbar81 Posts: 8
    edited February 2010
    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

    :lemon: 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
  • roho1roho1 Posts: 317
    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.
  • tytektytek Posts: 2
    edited February 2010
    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.
  • roho1roho1 Posts: 317
    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.
  • 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
  • roho1roho1 Posts: 317
    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?
  • 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
  • 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.
  • mtnbykermtnbyker Posts: 6
    edited March 2010
    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
  • roho1roho1 Posts: 317
    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?
  • mtnbykermtnbyker Posts: 6
    Not sure about rebate. It's the Pacific Northwest region (WA).

    Thanks
  • carnut12carnut12 Posts: 35
    Carman,

    What is the residual and money factor in Pennsylvania for 2010 toyota venza 4cyl awd? 12k miles and 10k miles and 36 months.

    thanks
  • I just got back from my local Toyota dealer (Acton MA), and I'm pretty sure we're going to go for this: 2010 Venza, 4cyl, AWD.

    MSRP: 30,174
    Net Cap: 27880.32
    Residual: 17592.00
    Money Factor: .00044

    No money down, 324.91 per month including tax. Based on other postings here, it sounds like a decent deal. Thoughts?
  • dechodecho Posts: 16
    Hey Ntnbyker,
    sounds good I'm looking at just about the same deal here. I see advertised 4 cyl AWD, roof rack, bluetooth...MSRP 29310... for 286.00 per month...PLUS 650.00 acq fee, tax and first payment- Zero down..,,,how'd you get your msrp to 30,174.00...what options?..
    there isn't a comparable car out there for the prices you and I have seen..I'm replacing a murano, which drives better but is more expensive...2K out of pocket, 340.00 per month for a Murano S AWD...
  • 4cyl, cloth interior, security package, convenience package, floor mats. I think that's about it.
  • mtnbykermtnbyker Posts: 6
    The one I'm considering has:
    Moonroof
    security package
    floor mats
    4WD

    Seems like we're pretty close to the same deal. I agree there is nothing else out there for similar prices. I was planning to go for an Outback but base Outback with no options is more than this Venza!
  • dechodecho Posts: 16
    same here, drove everyhting in the price range- all japanese. The outback seemed to be pretty stable on the road, but the interior feels so darn cheap. This will be my first toyota kind of a dull ride..also.. struggling with the masculinity of driving a wagon..
    I'm debating whether to have the sunroof or roofrack- cant have both..
    they really should have 18 inch wheels though..
    edmunds shows 27700 invoice...and TMV 28190...seems like the selling price should be well below edmunds TMV
  • mtnbykermtnbyker Posts: 6
    Yeah, Subaru was cheap inside. The one I drove already had a rattle plus the gauges had techno lighting that seemed cheap.

    I can relate on driving a wagon but it could be worse. I'm tinting the windows with some of the $$ I'm saving though!

    Good luck!
  • MSRP: 28,724
    Cap cost: 27, 200
    Residual: 16,641
    MF: 0.00044
    Monthly lease payments: $314

    O down, only taxes and fees. 4 cyl, FWD, Convenience package with security. I am pretty sure that was deal, I left numbers at other locale. Will need to confirm later tonight. But just ball park would help...

    And side questions, In NYC we pay taxes upfront on leases? So the lease payments aren't supposed to include taxes if they are paid up front? And what portion is taxed, the price of the whole car, or just the total lease payments?
  • osbar81osbar81 Posts: 8
    You are supposed to pay tax on the total lease payments only .. If you decide to buy the car later on (at the mature date), u have to pay the tax on the selling price ..
    By the way, this is a good deal. u can see the deal I got on similar car (with extra options) in my older post. The money factor was 0.00186 as I remember. I am paying $330 per month but I have to put down $ 4000 down payment. But, part of this amount (about $1200) was to pay off my leased Corrolla 2009 becasue I returned it back 15 months earlier !!

    Good luck
  • Thanks for the reply. Again on the tax question. So if I pay taxes up front, and fees, those don't go into lease payments. So the lease payments cannot be taxed again? Never leased before, always am a used car person. Also I need to know since dealer isn't showing me full numbers, he's pulling one of those let-me-get-car-here-first-then-we finalize deal type things. He's also just focusing on payments.

    Again thanks for the response. I'm supposed to go to another dealer today, hoping that the news of the prius recalls will help my negotiations.
  • dylrexdylrex Posts: 57
    Hello Car_man.
    Can you please provide me with the money factor and residual for a 3 year lease with 12k miles for a 2010 Venza - V6 FWD and AWD?
    I'm in the Cincinnati area.
    Thank you.
  • osbar81osbar81 Posts: 8
    Ok, I will be more detailed here ..
    If there is no down payment, you are right. Your monthly payment will be $ 314 with no additional tax. If there is a down payment , you have to pay the tax on the down payment + tax for the total 36 months payment as a total "out of pocket" before you take the car.
    You may also pay the title, license and registration fees.
  • nydriver25nydriver25 Posts: 13
    edited March 2010
    Thank you Osbar81. I appreciate your responses! Then there is something I am missing when calculating lease payments...

    Any who. This is what I got for today's deal. Gray on Gray FWD, 4 cylinder, cloth seats, convenience package, and 12 K miles per year for:

    MSRP: 28,724
    CAP. Cost: 26,185
    Residual: 16,491
    MF: 0.00044

    0 down, taxes and all fees of $1900, and $305 monthly. I am going to go back to original dealer to see if he beats this, if not I am pulling the trigger on this one. This and no haggle really. I had to haggle with first one, went twice, and still no read deals! Want dealer to either give me $285 lease payments or AWD for same price. Opinions anyone?

    Side note, according to numbers above, my payments should be $285 since I paid taxes upfront, unless I also pay taxes on the payments as well...am I missing something?

    Thank you all!
  • Answered my own question, the acquisition fee... this actually does bring it to 305 with estimated fee of $500 according to edmunds' lease calc!
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