Money Factor

October 2008 Lease Rates for 08/09 FX50, IS350, Odyssey, Impreza WRX and ML350

Published by G

My Take: One word sums this bunch…UNINSPIRING. Residuals are mediocre to pathetic, while the money factor is WAY too high. I’m just bundling these lease rates together since it’s pointless to analyze the numbers. After looking at lease rates monthly for six months (yes folks! RIDE with G is six months old!!! WOOT!) I can pretty much tell whats worth the time and what’s not. It’s a shame too since I really like the FX50 and the IS350.

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 Infiniti FX50 AWD
24 Month – Residual 55% of MSRP – .00280 Base Rate
36 Month – Residual 50% of MSRP – .00223 Base Rate
48 Month – Residual 43% of MSRP – .00226 Base Rate
60 Month – Residual 37% of MSRP – .00219 Base Rate

2009 Mercedes ML350 4WD SUV
24 Month – Residual 56% of MSRP – .00420 Base Rate
36 Month – Residual 45% of MSRP – .00147 Base Rate
48 Month – Residual 37% of MSRP – .00385 Base Rate
60 Month – Residual 32% of MSRP – .00385 Base Rate

2009 Honda Odyssey EX-L
24 Month – Residual 64% of MSRP – .00290 Base Rate
36 Month – Residual 54% of MSRP – .00290 Base Rate
48 Month – Residual 45% of MSRP – .00290 Base Rate
60 Month – Residual 37% of MSRP – .00290 Base Rate

2008 Honda Odyssey EX-L
24 Month – Residual 58% of MSRP – .00290 Base Rate
36 Month – Residual 51% of MSRP – .00290 Base Rate
48 Month – Residual 43% of MSRP – .00290 Base Rate
60 Month – Residual 34% of MSRP – .00290 Base Rate

2009 Subaru Impreza WRX Wagon
24 Month – Residual 65% of MSRP – .00305 Base Rate
36 Month – Residual 58% of MSRP – .00280 Base Rate
48 Month – Residual 49% of MSRP – .00280 Base Rate
60 Month – Residual 42% of MSRP – .00300 Base Rate

2008 Lexus IS350 Sedan
24 Month – Residual 53% of MSRP – .00100 Base Rate
36 Month – Residual 46% of MSRP – .00100 Base Rate
48 Month – Residual 37% of MSRP – .00100 Base Rate
60 Month – Residual 29% of MSRP – .00255 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

October 2008 Lease Rates for 08/09 Nissan Altima

Published by G

My Take: There are two 09 models of the Nissan Altima that have decent rates while three of the 08s look like they are being clearanced. The sweet spot on the 08s and 09s seem to be the 36mo lease, but the 08s 24-month lease also looks very good. Don’t forget to factor in the $500 customer cash on the 2009 models, and if you are a recent or soon to be graduate, you get another $500. The $500 guaduate cash is also available on the 2008 models, but the best part seems to be the $1250 customer cash that’s also there for the taking.

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 Nissan Altima S Sedan $20,890* $22,235 $340 $254 $400 $294
09 Nissan Altima SE Sedan V6 $24,495* $26,375 $404 $303 $484 $355
08 Nissan Altima S Sedan $20,358* $21,665 $231 $214 $286 $251

2009 Nissan Altima S Sedan
24 Month – Residual 66% of MSRP – .00290 Base Rate
36 Month – Residual 61% of MSRP – .00191 Base Rate
48 Month – Residual 47% of MSRP – .00290 Base Rate
60 Month – Residual 39% of MSRP – .00290 Base Rate

2009 Nissan Altima SE Sedan V6
24 Month – Residual 65% of MSRP – .00290 Base Rate
36 Month – Residual 60% of MSRP – .00191 Base Rate
48 Month – Residual 46% of MSRP – .00290 Base Rate
60 Month – Residual 39% of MSRP – .00290 Base Rate

2008 Nissan Altima S Sedan
24 Month – Residual 65% of MSRP – .00066 Base Rate
36 Month – Residual 56% of MSRP – .00066 Base Rate
48 Month – Residual 42% of MSRP – .00290 Base Rate
60 Month – Residual 36% of MSRP – .00290 Base Rate

2008 Nissan Altima SE Sedan
24 Month – Residual 65% of MSRP – .00066 Base Rate
36 Month – Residual 56% of MSRP – .00066 Base Rate
48 Month – Residual 42% of MSRP – .00290 Base Rate
60 Month – Residual 36% of MSRP – .00290 Base Rate

2008 Nissan Altima SL Sedan
24 Month – Residual 66% of MSRP – .00066 Base Rate
36 Month – Residual 57% of MSRP – .00066 Base Rate
48 Month – Residual 43% of MSRP – .00290 Base Rate
60 Month – Residual 36% of MSRP – .00290 Base Rate

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

2009 Nissan Altima S Coupe
24 Month – Residual 63% of MSRP – .00280 Base Rate
36 Month – Residual 54% of MSRP – .00280 Base Rate
48 Month – Residual 45% of MSRP – .00290 Base Rate
60 Month – Residual 38% of MSRP – .00290 Base Rate
2009 Nissan Altima SE Coupe V6
24 Month – Residual 60% of MSRP – .00280 Base Rate
36 Month – Residual 51% of MSRP – .00280 Base Rate
48 Month – Residual 42% of MSRP – .00290 Base Rate
60 Month – Residual 35% of MSRP – .00290 Base Rate

2009 Nissan Altima SL Sedan V6
24 Month – Residual 66% of MSRP – .00290 Base Rate
36 Month – Residual 60% of MSRP – .00191 Base Rate
48 Month – Residual 46% of MSRP – .00290 Base Rate
60 Month – Residual 39% of MSRP – .00290 Base Rate

2008 Nissan Altima S Coupe
24 Month – Residual 65% of MSRP – .00221 Base Rate
36 Month – Residual 56% of MSRP – .00221 Base Rate
48 Month – Residual 42% of MSRP – .00290 Base Rate
60 Month – Residual 36% of MSRP – .00290 Base Rate

2008 Nissan Altima SE Coupe
24 Month – Residual 62% of MSRP – .00221 Base Rate
36 Month – Residual 53% of MSRP – .00221 Base Rate
48 Month – Residual 40% of MSRP – .00290 Base Rate
60 Month – Residual 34% of MSRP – .00290 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

October 2008 Lease Rate for 08/09 MINI Cooper

Published by G

My Take: The MINI Coopers are looking quite good this month with the 09 models out, you can take advantange of the super high residual values. The money factors are less than desirable, but the residual does help offset the high interest. Word of caution, this car has boat load of options, the more you add, the more expensive it gets. There aren’t any major inceptives here, but you can probably get the lowest rate without a security deposit. Expect payments in the mid-$300 to high-$300 range for a well-equipped model of the Cooper S and high-$200, low-$300 for the base Cooper.

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 Mini Cooper Coupe $17,345 $19,200 $176 $187 $258 $242
09 Mini Cooper Coupe S $20,405 $22,600 $206 $220 $303 $286

2009 Mini Cooper Coupe
24 Month – Residual 78% of MSRP – .00239 Base Rate
36 Month – Residual 69% of MSRP – .00239 Base Rate
48 Month – Residual 57% of MSRP – .00239 Base Rate

2009 Mini Cooper Coupe S
24 Month – Residual 78% of MSRP – .00239 Base Rate
36 Month – Residual 69% of MSRP – .00239 Base Rate
48 Month – Residual 58% of MSRP – .00239 Base Rate

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

2009 Mini Cooper Coupe John Cooper Works
24 Month – Residual 74% of MSRP – .00239 Base Rate
36 Month – Residual 65% of MSRP – .00239 Base Rate
48 Month – Residual 55% of MSRP – .00239 Base Rate

2008 Mini Cooper Coupe
24 Month – Residual 73% of MSRP – .00219 Base Rate
36 Month – Residual 64% of MSRP – .00219 Base Rate
48 Month – Residual 54% of MSRP – .00219 Base Rate

2008 Mini Cooper Coupe S
24 Month – Residual 70% of MSRP – .00219 Base Rate
36 Month – Residual 61% of MSRP – .00219 Base Rate
48 Month – Residual 51% of MSRP – .00219 Base Rate

2008 Mini Cooper Coupe Clubman
24 Month – Residual 71% of MSRP – .00219 Base Rate
36 Month – Residual 63% of MSRP – .00219 Base Rate
48 Month – Residual 53% of MSRP – .00219 Base Rate

2008 Mini Cooper Coupe Clubman S
24 Month – Residual 69% of MSRP – .00219 Base Rate
36 Month – Residual 61% of MSRP – .00219 Base Rate
48 Month – Residual 51% of MSRP – .00219 Base Rate

2008 Mini Cooper Convertible
24 Month – Residual 64% of MSRP – .00219 Base Rate
36 Month – Residual 57% of MSRP – .00219 Base Rate
48 Month – Residual 47% of MSRP – .00219 Base Rate

2008 Mini Cooper Convertible S
24 Month – Residual 65% of MSRP – .00219 Base Rate
36 Month – Residual 57% of MSRP – .00219 Base Rate
48 Month – Residual 48% of MSRP – .00219 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

October 2008 Lease Rate for 08/09 Infiniti M35, FX35, QX56

Published by G

My Take: A lot going on at Infiniti this month…there’s about $4000 loyalty cash and $2000 lease cash for the FX35. While the M35 has $6000 dealer and $1500 sell down cash available. Edmunds suggest that the TMV price is a whopping $10k below MSRP. That’s freaking cheap! Unfortunately, I don’t think you can get that much off MSRP if you finance or lease, so take my lowest estimate with “a grain of salt”. However, invoice + $1500 cash shouldn’t be too outrageous of an asking price. Speaking of financing, 0.9% APR is available for up to 72 months in case you want to buy this car. Couple things to note, the M35 & F35 lease best at 36 months and possibly 39 months (I don’t know the rates for that term unfortunately) It is a good time to buy or lease Infiniti folks, no question about 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.

  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
08 Infiniti M35 $34,728** $44,715 $710 $393 $1154 $673
08 Infiniti M35 AWD $36,351** $46,465 $715 $381 $1160 $662
09 Infiniti FX35 AWD $41,125 $44,465 $809 $624 $957 $724

2008 Infiniti M35 Sedan
24 Month – Residual 48% of MSRP – .00280 Base Rate
36 Month – Residual 47% of MSRP – .00023 Base Rate
48 Month – Residual 38% of MSRP – .00111 Base Rate
60 Month – Residual 32% of MSRP – .00210 Base Rate

2008 Infiniti M35 AWD Sedan
24 Month – Residual 50% of MSRP – .00280 Base Rate
36 Month – Residual 48% of MSRP – .00026 Base Rate
48 Month – Residual 40% of MSRP – .00123 Base Rate
60 Month – Residual 33% of MSRP – .00204 Base Rate

2009 Infiniti FX35 AWD Wagon
24 Month – Residual 59% of MSRP – .00280 Base Rate
36 Month – Residual 54% of MSRP – .00228 Base Rate
48 Month – Residual 46% of MSRP – .00231 Base Rate
60 Month – Residual 39% of MSRP – .00222 Base Rate

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

2009 Infiniti FX35 2WD Wagon
24 Month – Residual 58% of MSRP – .00280 Base Rate
36 Month – Residual 53% of MSRP – .00228 Base Rate
48 Month – Residual 45% of MSRP – .00231 Base Rate
60 Month – Residual 39% of MSRP – .00233 Base Rate

2009 Infiniti QX56 2WD
24 Month – Residual 48% of MSRP – .00280 Base Rate
36 Month – Residual 45% of MSRP – .00210 Base Rate
48 Month – Residual 31% of MSRP – .00234 Base Rate
60 Month – Residual 24% of MSRP – .00234 Base Rate

2009 Infiniti QX56 AWD
24 Month – Residual 47% of MSRP – .00280 Base Rate
36 Month – Residual 45% of MSRP – .00176 Base Rate
48 Month – Residual 33% of MSRP – .00227 Base Rate
60 Month – Residual 26% of MSRP – .00227 Base Rate
Rates provided by Tarry Shebesta from Leasecompare.com

October 2008 Lease Rate for 09 VW GTI

Published by G

My Take: The 09 GTI looks like a pretty good deal right now. With just inception fees, your payments should hover in the mid 300s range after taxes with just inception fees. Thanks in part by a $500 rebate from the manufacturer. The residual value drop from 24 to 36 months is relatively small, so the 36 month is a much better deal, potentially saving you thousands of dollars. Not a bad time to get into a 09 VW GTI if you ask me.

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 Volkswagen GTi 2dr $23,183 $24,740 $362 $306 $429 $351

  • 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 Volkswagen GTI 2dr
24 Month – Residual 62% of MSRP – .00148 Base Rate
36 Month – Residual 55% of MSRP – .00148 Base Rate
48 Month – Residual 48% of MSRP – .00188 Base Rate

QUICK LINKS:

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

2009 Volkswagen GTI 4dr
24 Month – Residual 61% of MSRP – .00148 Base Rate
36 Month – Residual 54% of MSRP – .00148 Base Rate
48 Month – Residual 47% of MSRP – .00188 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

October 2008 Lease Rate for 08 Toyota Highlander

Published by G

My Take: A $1000 rebate is still available for the Toyota Highlander this month. The good news is that, the MF dropped a bit, but the residual also dropped. In the end the payments should be pretty close to last months. Be sure to secure a low sale price and tack on the $1000 rebate on top of that. Sales are slow right now, dealerships are like ghostowns. If you have excellect credit, this is the time to get into a new car. NOTE: I applied a $1000 rebate to the invoice and MSRP when calculating payments. You should at the most pay $1000 under MSRP. Personally, I think you should be paying $1000 under invoice.

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  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
08 Toyota Highlander Limited 2WD $30,026 $33,645 $513 $420 $667 $524

  • 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 Highlander Limited 2WD
24 Month – Residual 53% of MSRP – .00099 Base Rate
36 Month – Residual 46% of MSRP – .00099 Base Rate
48 Month – Residual 37% of MSRP – .00265 Base Rate
60 Month – Residual 29% of MSRP – .00265 Base Rate

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

Rates provided by Tarry Shebesta from Leasecompare.com

October 2008 Lease Rate for 09 Acura TSX

Published by G

My Take: No lease support this month on the 09 TSX still. For those who haven’t noticed, this car’s price tag went up nearly $800 from the 08 model. The residuals are still very strong, so if they can cut the MF down by 50%, we’ll be looking at a better lease deal. To put things in perspective, back in 07, I leased my wife’s TSX for $295 a month + tax with about $750 DOD. That’s $295 + tax with the acquisition fee rolled in! These numbers I am churning out require you to pay for the acquisition fee upfront. Yickes! The 48 month lease is looking rather promising at $352 per month + tax at invoice. Not a whole lot less than the 36 month, but better than nothing. Personally, I’d rather go with a 36 month lease and drop the mileage down to 12k a year. That should net you similar lease payments. I personally wouldn’t lease this car yet, still too early. Please note how 24-month leases have gradually become worse in the past few months. This may be trend-setting. I may have to change THE LIST from 24/36 month numbers to 36/48 month numbers. I don’t forsee leases from captive banks to go away completely, but the better deals will certainly be for longer terms.

  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
09 Acura TSX Auto $27,381 $29,720 $452 $365 $558 $436

  • Standard inception fees + tax not included
  • Residuals posted are for 15K miles/year.

2009 Acura TSX Automatic
24 Month – Residual 70% of MSRP – .00370 Base Rate
36 Month – Residual 63% of MSRP – .00270 Base Rate
48 Month – Residual 53% of MSRP – .00255 Base Rate
60 Month – Residual 40% of MSRP – .00270 Base Rate

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 Acura TSX Manual
24 Month – Residual 70% of MSRP – .00370 Base Rate
36 Month – Residual 63% of MSRP – .00270 Base Rate
48 Month – Residual 53% of MSRP – .00255 Base Rate
60 Month – Residual 40% of MSRP – .00270 Base Rate

2009 Acura TSX w/Technology Package Manual
24 Month – Residual 66% of MSRP – .00370 Base Rate
36 Month – Residual 60% of MSRP – .00270 Base Rate
48 Month – Residual 50% of MSRP – .00255 Base Rate
60 Month – Residual 38% of MSRP – .00270 Base Rate

2009 Acura TSX w/Technology Package Automatic
24 Month – Residual 66% of MSRP – .00370 Base Rate
36 Month – Residual 60% of MSRP – .00270 Base Rate
48 Month – Residual 50% of MSRP – .00255 Base Rate
60 Month – Residual 38% of MSRP – .00270 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

October 2008 Lease Rate for 08 Infiniti G35/G37

Published by G

My Take: Congrats to those who were able to get super cheap 24mo leases on the Gs. Why? because you can’t now! In response to the horrendous financial meltdown we are having here country-wide, it seems that captive banks are shying away from those short-term leasing and sticking with the 36mo and 48mo terms. I’ve picked out the G35 Journey, G35x and the G37 Journey for payment calculations. This doesn’t mean that they lease best, on the contrary, they have the worst residual/mf combo (with the G35x being the exception). The reason I’ve selected them is because they are the more “popular” models. Most people don’t opt for the base model, so no point calculating those. Besides, base models are harder to come by. You may also want to consider the 48 month lease because the residual doesn’t drop too much. The money factor does drop further and your payments are spread out by another 12 months, making your payments cheaper.

  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
08 Infiniti G35 Journey $30,891 $33,515 $670 $403 $479 $490
08 Infiniti G35 X $32,769 $35,565 $683 $426 $807 $568
08 Infiniti G37 Journey $33,595 $36,465 $615 $445 $743 $530

2008 Infiniti G35 Journey Sedan
24 Month – Residual 54% of MSRP – .00280 Base Rate
36 Month – Residual 54% of MSRP – .00098 Base Rate
48 Month – Residual 45% of MSRP – .00147 Base Rate
60 Month – Residual 39% of MSRP – .00200 Base Rate

2008 Infiniti G35 X Sedan
24 Month – Residual 56% of MSRP – .00280 Base Rate
36 Month – Residual 55% of MSRP – .00114 Base Rate
48 Month – Residual 47% of MSRP – .00175 Base Rate
60 Month – Residual 41% of MSRP – .00224 Base Rate

2008 Infiniti G37 Journey Coupe
24 Month – Residual 62% of MSRP – .00280 Base Rate
36 Month – Residual 60% of MSRP – .00215 Base Rate
48 Month – Residual 51% of MSRP – .00194 Base Rate
60 Month – Residual 45% of MSRP – .00215 Base Rate

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

2008 Infiniti G35 Base Sedan
24 Month – Residual 55% of MSRP – .00280 Base Rate
36 Month – Residual 54% of MSRP – .00098 Base Rate
48 Month – Residual 46% of MSRP – .00147 Base Rate
60 Month – Residual 40% of MSRP – .00200 Base Rate

2008 Infiniti G35 Sport Sedan
24 Month – Residual 53% of MSRP – .00280 Base Rate
36 Month – Residual 53% of MSRP – .00098 Base Rate
48 Month – Residual 46% of MSRP – .00147 Base Rate
60 Month – Residual 40% of MSRP – .00200 Base Rate

2008 Infiniti G37 Coupe
24 Month – Residual 65% of MSRP – .00280 Base Rate
36 Month – Residual 62% of MSRP – .00215 Base Rate
48 Month – Residual 53% of MSRP – .00194 Base Rate
60 Month – Residual 46% of MSRP – .00215 Base Rate

2008 Infiniti G37 Sport Coupe
24 Month – Residual 63% of MSRP – .00280 Base Rate
36 Month – Residual 61% of MSRP – .00215 Base Rate
48 Month – Residual 52% of MSRP – .00194 Base Rate
60 Month – Residual 45% of MSRP – .00215 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com