Money Factor

October 2008 Lease Rate for 09 Ford Flex

Published by G

My Take: How Ford calls the Flex a crossover simply baffles me. I am thinking it’s more like a minivan with optional AWD. Anyway, it doesn’t look like a bad time to jump into a Ford Flex right now. The residual value is low, but there’s $2500 in incentives available and the money factor is about .000625 or 1.5%, which is pretty low. This is for a 09 model mind you. You won’t hear me say this very often, but you may want to pay a visit to your Ford dealer if you’ve had your eye on the Flex. My sister actually likes this car because it has a minifridge. LOL. Priorites…Please keep in mind that I take the $2500 rebate into consideration when I estimate the payments below. If it looks lower than what you are getting, that’s probably because you didn’t include the rebate.

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  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
09 Ford Flex SE FWD $27,307 $28,995 N/A $327 N/A $374

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.
  • Cars ranked from lowest payment to highest payment.
  • Yellow boxes denotes “lowest” lease payments for each car.

2009 Ford Flex SE FWD
36 Month – Residual 48% of MSRP – .000625 Base Rate

QUICK LINKS:
LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

Rates provided by Tarry Shebesta from Leasecompare.com

Leasing a 2009 Dodge Challenger R/T?

Published by G

Recently, I started noticing a few Dodge Challengers popping out on the street. I must admit, they do look good from the outside, but I don’t care for the fact that Chrysler decided to scrap the interior of the prototype and went with a cheesy clone of other Chrysler cars. I’m sure the decision has a lot to do with cost cutting, nevertheless, the car itself is an icon and a very nostalgia-inspiring one at that. I won’t lie to you, I was waiting for it this year but the stars didn’t align properly and I ended up with the G37 instead. Which in retrospect, was probably the better deal for me. Anyway, I don’t have the lease rates for the Challenge if that’s what you are looking for. If you are new to the leasing world, you probably should know that Chrysler Corp no longer leases cars. Therefore, the only way you can lease a Chrysler is to go with an independent bank. That’s where Leasecompare.com comes in. I do have a bone to pick with them though. A few months ago, their quotes would display the residual value and money factor used on their payment estimates, not so much now. If you check out their quotes, you’ll notice that the residual values have been removed and they only provide the money factor, terms and monthly payments. Not a big deal since most of us know how to do a little Algebra to figure out what the residual value is. Here is what I found through Leasecompare.com:

2009 Dodge Challenger R/T
MSRP $29,995
Invoice $27,843
36 Month – Residual 46% of MSRP – .00286 Base Rate

Actually, the residual is more like 46.5%, but close enough. So what kind of monthly payments are we looking at here?
At MSRP, you are looking at around $573 a month + tax and fees. At invoice, you are looking at somewhere in the $507 + tax and fees. The .00286 money factor effectively comes out to be about 6.864% which is not exactly the best thing out there. What’s the verdict? Well I obviously wouldn’t lease a car that has such a poor residual value and high money factor. However, I think it may be possible to get enough discounts on the sale price to offset most of the interest and the poor residual value. After all, I don’t think these cars are exactly flying off the lots right now. Remember though, you don’t want to lease anything that goes beyond the car’s standard warranty.

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October 2008 Lease Rate for 08 VW Jetta & Passat

Published by G

My Take: Of the remaining 09 Jetta and Passats, the Wolfsburg edition seems to stand out. The residual value is still pretty high and the money factor is lower than most. This makes for a nice combination for leasing. If you are in the market for a Jetta and don’t mind driving a manual transmission, the Wolfsburg may be for you. There is also special financing available in the form of 0% for up to 36 months, 1.9% for 48 and 2.9% for 60. I would go with the lease in this particular case since the money factor breaks down to about 2.568% APR.

Got questions? Post it on the RIDE Auto Forum! Sign up HERE. If you like the site and would like to receive my latest posts, you may want to consider subscribing to our newsletter on a reader or have it delivered to your email.

  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
08 VW Jetta Wolfsburg $21,421 $22,600 $346 $292 $397 $326

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.
  • Cars ranked from lowest payment to highest payment.
  • Yellow boxes denotes “lowest” lease payments for each car.

2008 VW Jetta Wolfsburg Manual
24 Month – Residual 65% of MSRP – .00107 Base Rate
36 Month – Residual 57% of MSRP – .00107 Base Rate
48 Month – Residual 50% of MSRP – .00154 Base Rate

QUICK LINKS:
LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2008 VW Jetta 2.5 SE Manual
24 Month – Residual 62% of MSRP – .00062 Base Rate
36 Month – Residual 54% of MSRP – .00062 Base Rate
48 Month – Residual 47% of MSRP – .00117 Base Rate

2008 VW Passat Sedan 2.0T MT
24 Month – Residual 53% of MSRP – .00205 Base Rate
36 Month – Residual 45% of MSRP – .00205 Base Rate
48 Month – Residual 38% of MSRP – .00236 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

October 2008 Lease Rate for 09 Cadillac STS

Published by G

My Take: Here’s a rare GM post for ya. Cadillac STS, not to be confused with the much cooler CTS. Nothing to brag about here. The rates is ok, the residual is passable, but out side of that? Nothing to get too excited about it. Leaseable if you really like the car, otherwise, pass on it.

Got questions? Post it on the RIDE Auto Forum! Sign up HERE. If you like the site and would like to receive my latest posts, you may want to consider subscribing to our newsletter on a reader or have it delivered to your email.

QUICK LINKS:

LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2009 Cadillac STS 4dr Sedan 1SA V6
24 Month – Residual 61% of MSRP – .00204 Base Rate
36 Month – Residual 52% of MSRP – .00204 Base Rate
48 Month – Residual 43% of MSRP – .00204 Base Rate

2009 Cadillac STS 4dr Sedan 1SB V6
24 Month – Residual 61% of MSRP – .00204 Base Rate
36 Month – Residual 52% of MSRP – .00204 Base Rate
48 Month – Residual 43% of MSRP – .00204 Base Rate

2009 Cadillac STS 4dr Sedan 1SB V6 AWD
24 Month – Residual 61% of MSRP – .00204 Base Rate
36 Month – Residual 52% of MSRP – .00204 Base Rate
48 Month – Residual 43% of MSRP – .00204 Base Rate

2009 Cadillac STS 4dr Sedan 1SC V6
24 Month – Residual 61% of MSRP – .00204 Base Rate
36 Month – Residual 52% of MSRP – .00204 Base Rate
48 Month – Residual 43% of MSRP – .00204 Base Rate

2009 Cadillac STS 4dr Sedan 1SE V8
24 Month – Residual 62% of MSRP – .00204 Base Rate
36 Month – Residual 53% of MSRP – .00204 Base Rate
48 Month – Residual 44% of MSRP – .00204 Base Rate

2009 Cadillac STS 4dr Sedan 1SG V8
24 Month – Residual 62% of MSRP – .00204 Base Rate
36 Month – Residual 53% of MSRP – .00204 Base Rate
48 Month – Residual 44% of MSRP – .00204 Base Rate

2009 Cadillac STS 4dr Sedan 1SG V8 AWD
24 Month – Residual 62% of MSRP – .00204 Base Rate
36 Month – Residual 53% of MSRP – .00204 Base Rate
48 Month – Residual 44% of MSRP – .00204 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

October 2008 Lease Rate for 09 Toyota RAV4

Published by G

My Take: The money factor on the RAV4 is pretty weak this month. Sure, the residual is high, but why on earth would you want to pay 6.36% APR on a car nowadays? Think about it, the Fed Rate is 1.5%!!!! Anyway, just so food for thought in case you where looking to lease a 2009 RAV4.

Got questions? Post it on the RIDE Auto Forum! Sign up HERE. If you like the site and would like to receive my latest posts, you may want to consider subscribing to our newsletter on a reader or have it delivered to your email.

QUICK LINKS:

LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2009 Toyota RAV4 Sport AWD
24 Month – Residual 69% of MSRP – .00265 Base Rate
36 Month – Residual 62% of MSRP – .00265 Base Rate
48 Month – Residual 54% of MSRP – .00265 Base Rate
60 Month – Residual 46% of MSRP – .00265 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

October 2008 Lease Rate for 08/09 Toyota 4Runner

Published by G

My Take: Alright, the 08 4Runner is looking like a decent lease this month due to the $2500 customer cash that’s available on it. The bad news is that you can’t combine it with the special financing that’s available. By special I mean 0% for up to 48 months and 0.9% for up to 60. That’s pretty special if you ask me. Folks, Toyota is offering some seriously CRAZY financing right now so its a good time o BUY your car as well (if you aren’t too worried about resale value of course). If you are, then lease away!!! It’s not a bad time since MF is low and there’s $2500 cash to offset the low residual value. Keep in mind that the numbers I’m working with below will include the $2500 discount into my calculations.

Got questions? Post it on the RIDE Auto Forum! Sign up HERE. If you like the site and would like to receive my latest posts, you may want to consider subscribing to our newsletter on a reader or have it delivered to your email.

  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
08 Toyota 4Runner SR5 V6 AWD $29,950 $33,450 $431 $360 $580 $460

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.
  • Cars ranked from lowest payment to highest payment.
  • Yellow boxes denotes “lowest” lease payments for each car.

2008 Toyota 4Runner SR5 V6 AWD
24 Month – Residual 54% of MSRP – .00060 Base Rate
36 Month – Residual 47% of MSRP – .00060 Base Rate
48 Month – Residual 39% of MSRP – .00265 Base Rate
60 Month – Residual 31% of MSRP – .00265 Base Rate

QUICK LINKS:
LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2009 Toyota 4Runner Sport V6 AWD
24 Month – Residual 56% of MSRP – .00265 Base Rate
36 Month – Residual 49% of MSRP – .00265 Base Rate
48 Month – Residual 42% of MSRP – .00265 Base Rate
60 Month – Residual 34% of MSRP – .00265 Base Rate

2009 Toyota 4Runner Limited V6 AWD
24 Month – Residual 56% of MSRP – .00265 Base Rate
36 Month – Residual 49% of MSRP – .00265 Base Rate
48 Month – Residual 41% of MSRP – .00265 Base Rate
60 Month – Residual 32% of MSRP – .00265 Base Rate

2009 Toyota 4Runner SR5 V6 AWD
24 Month – Residual 56% of MSRP – .00265 Base Rate
36 Month – Residual 49% of MSRP – .00265 Base Rate
48 Month – Residual 42% of MSRP – .00265 Base Rate
60 Month – Residual 34% of MSRP – .00265 Base Rate

2008 Toyota 4Runner Sport V6
24 Month – Residual 54% of MSRP – .00060 Base Rate
36 Month – Residual 47% of MSRP – .00060 Base Rate
48 Month – Residual 39% of MSRP – .00265 Base Rate
60 Month – Residual 31% of MSRP – .00265 Base Rate

2008 Toyota 4Runner Limited V6 AWD
24 Month – Residual 53% of MSRP – .00060 Base Rate
36 Month – Residual 46% of MSRP – .00060 Base Rate
48 Month – Residual 38% of MSRP – .00265 Base Rate
60 Month – Residual 29% of MSRP – .00265 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

October 2008 Lease Rate for 09 VW Tiguan

Published by G

My Take: Tiggy is looks pretty good this month. The MF is not bad at all (around 3.24%) and the residual is good, making the depreciation fairly low. The uncool part is that the “middle of the road” SE 4motion starts at a whopping 29k. The good news is that there isn’t too much more you can add to the Tiguan at that point, maybe a $1300 pano sunroof and/or a $2000 navi. Which should set you back another $50 bucks or so. Nothing you can’t live without.
Got questions? Post it on the RIDE Auto Forum! Sign up HERE. If you like the site and would like to receive my latest posts, you may want to consider subscribing to our newsletter on a reader or have it delivered to your email.

  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
09 VW Tiguan SE 4Motion $27,636 $29,565 $450 $375 $533 $431

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.
  • Cars ranked from lowest payment to highest payment.
  • Yellow boxes denotes “lowest” lease payments for each car.

2009 VW Tiguan SE 4Motion
24 Month – Residual 62% of MSRP – .00135 Base Rate
36 Month – Residual 55% of MSRP – .00135 Base Rate
48 Month – Residual 48% of MSRP – .00184 Base Rate

QUICK LINKS:
LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2009 VW Tiguan S
24 Month – Residual 59% of MSRP – .00135 Base Rate
36 Month – Residual 52% of MSRP – .00135 Base Rate
48 Month – Residual 45% of MSRP – .00184 Base Rate

2009 VW Tiguan SE
24 Month – Residual 59% of MSRP – .00135 Base Rate
36 Month – Residual 52% of MSRP – .00135 Base Rate
48 Month – Residual 45% of MSRP – .00184 Base Rate

2009 VW Tiguan SEL
24 Month – Residual 59% of MSRP – .00135 Base Rate
36 Month – Residual 52% of MSRP – .00135 Base Rate
48 Month – Residual 45% of MSRP – .00184 Base Rate

2009 VW Tiguan SEL 4Motion
24 Month – Residual 62% of MSRP – .00135 Base Rate
36 Month – Residual 55% of MSRP – .00135 Base Rate
48 Month – Residual 48% of MSRP – .00184 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

October 2008 Lease Rate for 09 Mazda6 GT

Published by G

My Take: The Mazda6 GT’s numbers look decent for October. The money factor is fairly low and the residual is passable. And of all family sedans, this is probable the best looking one too. It will set you back more than $30k if you add options because the price tag starts at $28,930. I think snagging this ride at invoice is possible due to the current economic times, but there aren’t any rebates to be had, so you will need to work a bit harder on those negotiation skills. Keep in mind the sweet spot is the 36 month lease, so don’t go beyond that. Like always, remember to confirm the rates and negotiate a LOWER SALE PRICE! Not monthly payment!!! You should know by now that when you negotiate monthly payments, 9 times out of 10 you will overpay.

Got questions? Post it on the RIDE Auto Forum! Sign up HERE. If you like the site and would like to receive my latest posts, you may want to consider subscribing to our newsletter on a reader or have it delivered to your email.

  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
09 Mazda Mazda6 S Grand Touring $26,769 $28,930 $494 $402 $566 $450

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.
  • Cars ranked from lowest payment to highest payment.
  • Yellow boxes denotes “lowest” lease payments for each car.

2009 Mazda Mazda6 S Grand Touring
24 Month – Residual 62% of MSRP – .00254 Base Rate
36 Month – Residual 52% of MSRP – .00167 Base Rate
48 Month – Residual 44% of MSRP – .00401 Base Rate

QUICK LINKS:
LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

Rates provided by Tarry Shebesta from Leasecompare.com