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Toyota Venza Lease Questions
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TFS' current 36 month, 12,000 mile per year residual value for this vehicle is 63%. The problem with this resid is that it is for a base vehicle. Unlike most banks, TFS places restrictions upon what options can be residualized. This not only makes it difficult for consumers to calculate payments on specific vehicles on their own, but it makes Toyota vehicles' effective residual values lower than their published percentages.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The problem with these numbers is the residual value is for a base vehicle. Unlike most banks, TFS places restrictions upon what options can be residualized. This not only makes it difficult for consumers to calculate payments on specific vehicles on their own, but it makes Toyota vehicles' effective residual values lower than their published percentages.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
(CQ) convenience, (LS) comfort, (SA) security, (SR) panoramic roof, (EJ) JBL w/XM bluetooth
MSRP: $36,314
selling price: 32,600
cap cost: 33,429
residual: 19,842
pymt: $400 mo (not incl sales tax) MF.00044, 36 mo lease, 12k miles
$650 acq fee, $180 admin fee, $750 destination charge, $514 TDA, $591 dealer holdback, $295 whsl financial reserve. no money down, just first pymt.
What I'm wanting to know is if any of these fees are necessary or negotiable?
1) 4-cylinder AWD
MSRP: $28,744
Base cap cost: $26,500
$2k down (includes title, tax and all fees)
$650 acquisition fee
Monthly payment: $283/month
2) V6 AWD
MSRP: $34,609
Base cap cost: $30,584
$2k down (includes title, tax and all fees)
$650 acqusition fee
$358/month
In both scenarios the dealer has agreed to pay for the last two months of my current Subaru Outback lease which is $550 total.
I am torn between making this decision before the end of the month (Wednesday) or waiting until my lease is actually up in two months and dealing with it then.
Any advice on these deals?
Also what packages, just curious, and where in US are you located?
The V6 has the comfort and convenience packages as well as JBL surround sound system. This morning I was promised they'd get my monthly payment to $350 (from $358) and I'm only putting $2k down so I think it's a good deal. I'm feeling pressured since it's end of month but I'm scared this deal won't be around in June when my current lease is up.
Also, Subaru wanted to charge me $350/month with $2k down on a car with a slower engine and cloth seats. Toyota is definitely doing a better deal.
And also, they offered to pay off your lease for the subaru? Get that in writing before you do anything!
Toyota is in bad shape with the public perception, so they are doing everything they can to get the vehicles out off the dealers' lots!
Tax in MD is 6%.
I'm not entirely sure how it's going to work with my Subaru payments but I'll definitely make sure it's all as they promised when I get to the table.
Getting excited now!
2010 Venza
AWD
4 cyl
Blizzard White
Fitted Floor Mats
Roof Rails
12k/36 month lease
$28,214 MSRP
$24,615 Invoice
$27,191 Cap Cost includes all fees except sales tax
MF- .00044
OTD- first month's payment only
$328 per month plus PA sales tax
Appreciate any quick comments or opinions since this deal ends tomorrow! (maybe)
2010 Venza
FWD
4 cyl
No options except fitted floor mats
$269.50 mo plus PA 9% sales tax
Only first month's payment due at signing. All costs rolled into monthly payment.
Seems like a great deal to me.
Besides the fact that I think this is way too much money to invest in a lease, do these numbers make sense?
And I think the residual being given was 52%
I agree with you, that is steep to put into a lease.
2010 Venza V6 with Convince,JBL, security pkg, Panoramic Glass Roof,Floor Mats & Cargo Mat
Blizzard White
12k/36 month lease
$32,899 MSRP
$30,000 selling price
MF- .00044
OTD- $1950
$392 per month included 9.25 sales tax
I live in SF bayarea
Is this a good deal? Please give me some advise!
Thank you!
I owe $3,000 less than what they are giving me for my '07 Tundra.
Price for Venza is $28k.
$339 down + tax, etc.
What ball park should I be looking at per month? They shot back with $497 the first time, then amazingly $377-397 when I said "NO." I left and the floor manager called and asked for me to go back so he could work something better for me.
Thank you for input.
Can someone confirm?
I want to lease a 2010 white AWD I4 with basic option. MSRP is $28500. What's a good selling price for that car after tax and fees? It seems like the color white is hard to find.
Here are my specs.
Zip : 40213
Sales Tax : 6%
Term : 36 months
Miles : 15,000 miles per year
Cap Cost Reduction : $0
Factory Installed Accessories : FE LX NV SR TO
Port Installed Accessories : CF
Base Model : $28,100
Total Accessories : $8,464
Destination Charge : $750
Total : $37,314
Dealer Quote : $33,291
The dealer is quoting a monthly payment of $470 with a money factor of .0005 and a residual of $18,023. By my calculations that would be a 48% residual which seems very low.
Thanks in advance for your help.
Am I correct that the 0.0005 money factor on the venza is in place until 8/2/10 and that it applies in all regions (including Southern Calif)? What is the residual percentage on base 4cyl at 3 years w/ 36k miles?
Thanks
I'm interested in a 2010 Venza as follows:
3.5L V6 Automatic AWD
(CQ) Convenience Package
(LS) Comfort Package
(NV) Navigation Package
(SA) Security Package
(SR) Panoramic Glass
(TO) Tow Prep Package
Color - Blizzard Pearl
Interior – Light Gray leather
MSRP - $37,900
Can you tell me the residual and money factor (which I believe is .00050) for this month?
Much thanks!
MSRP: $27,294
Residual: $15,502
Sales Price: $23,623 (invoice $24,701)
GAP: $695
Acquisition Fee: $650
Cap Cost Reduction ($95.91)
Adjusted Cap Cost: $24,872.09
Tax in CA is $8.75%
Monthly payment = $305.01 (pre-tax $280.47)
(w/o gap, tax and my $95.91 downpayment, payment would be $263.53)
Out the door was $825 and includes first month, registration and doc fee ($45), CA tire fee and tax.
Could you let me know what the current money factor and residual rate is for a 2WD, 4 cylinder Venza? I am looking at a 36 month 12,000 or 15,000 mile lease.
I have also seen a $500.00 incentive for this vehicle in AZ. Please confirm if this is in place.
Thank you for you assistance.
The residual value for a lease of this vehicle with only 12,000 miles per year would be 2% higher.
The problem with TFS' published residual value percentages is that they are for base vehicles. It places restrictions upon what options can be residualzed. This makes its real world residuals lower than its published percentages appear. It also makes it difficult for individual consumers to calculate payments for specific units on their own.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
have offer for a 2010 Base Venza 4cyl AWD 3yr/36k Lease
Mo Payment 317.00
Upfront Tax, Acq fee 695.00 first pymt=1900
Good deal?
I can also shop in Mass for this car.
Whats a base 6cyl AWD going for 3yr/36k
Thanks All!
Please look and advise - I greatly appreciate any and all input!
MSRP - $30664
Sale Price - $27664
36 month residual (12,000 miles) - $16708
Money Factor - .00145 (Tier 1+)
Acq Fee - $650
Transfer Plates and Title - $89.00
Taxes - $784.26
Doc Fee - $119
Cash due at signing - $2007.97
Monthly payment - $367.71
Retail Total
Vehicle Base Model ..........................: $ 27725.00
50 State Emissions .........................
Convenience Package - ...................... 860.00
Includes Smart Key System with Push Button .
Start, Power Rear Door with Jam Protection .
and Chrome-Accented Door Handles ...........
Panoramic Glass Roof ....................... 1050.00
with Front Power Tilt/Slide Moonroof .......
Floor Mats & Cargo Mat ..................... 269.00
--------- ---------
Total Accessories ...........................: $ 2179.00
Destination Charge ..........................: $ 760.00
---------
Total .......................................: $ 30664.00
with a 1000 driveoff, what type of payment am i looking at?
what lease deals have other people gotten?
Thanks
MSRP – $32,931
Sale Price – $29,231
Money Factor - 0.00185
Residual Value - $19,494.81 (59.19%)
2 Lease Options based on excellent Credit (720+ Beacon Score)
Option 1 - $3,295 Cash due at signing with $313.56 / mo - 39 month lease
Option 2 - $795 Cash due at signing with $383.22 / mo – 39 month lease
Is this a good deal? What’s the current money factor for a 2010 Venza? Thanks in advance!
above (post 136) deal calcs to about mf = .00255 (if sale price is cap cost, and not sure the region)
Can you post the MF and residuals for a 2011 Venza AWD V6 with comfort package ? I understand that toyota does not fully residualize many options so you may not have the residual. If that is the case can you post the residual for the above model without options, and I will try to guesstimate the residual value...
Is there still any leasing of 2010 models (truecar shows they are still selling them in my area). If so, what are the MF and residuals like on a base model for 36month 10k/12k?
If not, what about the MF and residuals on the base model for 2011?
Thanks a lot!
Could you please post the MF and Residual for a 2011 Venza V6 FWD? I understand they apply residuals to options differently, but am looking for the base car numbers.
Thank you.
can anyone please shed some light on Money Factor and Residual for 2010/11, 4/6 cyl AWD, Tier 1 credit 12K/36mo lease?
thanks much.
Daniel
What are June's rates for the base V6 FWD for 36 months, 12k please?
Thanks in advance!
Please let me know how often residual values change.
So, even though it might have a 58% residual, that might just be on the base vehicle.. Toyota dealers can't even figure it out... Each unit has it's own residual...
Calculating a Toyota lease is a PIA.. and, almost impossible to do, without getting the exact residual from the dealer, for the unit you are interested in..
regards,
kyfdx
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Could you provide the current lease residual value and money factor on a 2012 Venza XLE V6 2WD w/ premium package 12K per year 36 month?
As always thanks for your help!