September 2008 Lease Rates for 08 BMW X5, Z4, 7-Series, 6-Series & X6

My Take: I started to notice a trend here with BMW leases this month. The massive drop in residual has made 24mo leases a really bad deal. On the flip-side, 36mo residuals remained the same and are rewarded with a new lower MF, making these leases CHEAPER than last month. VERY good time to jump into a X5 if that’s what you are looking to lease. I know that with gas prices at these levels, these SUVs aren’t exactly flying off the shelves. Nevertheless, some families do need the space, so now is not a bad the time. Better to lease one of these than to own them if you ask me.

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  • X5 3.0si + Sport + Tech + Premium Packages
  • MSRP $56,175
  • Invoice $51,655
  • Standard inception fees + tax not included
  • Residuals posted are for 15K miles/year.

2008 BMW X5 3.0si 4WD SUV
24 Month – Residual 58% of MSRP – .00160 Base Rate
36 Month – Residual 53% of MSRP – .00160 Base Rate

24mo Payment: $929 at invoice, $1125 at MSRP
36mo Payment: $738 at invoice, $870 at MSRP
<–Cheaper than last month*

Last month’s payments on the same exact car:

24mo Payment: $851 at invoice, $1049 at MSRP
36mo Payment: $770 at invoice, $905 at MSRP

  • X5 4.8i + Sport + Tech + Premium Packages
  • MSRP $63,775
  • Invoice $58,655
  • Standard inception fees + tax not included
  • Residuals posted are for 15K miles/year.

2008 BMW X5 4.8i 4WD SUV
24 Month – Residual 61% of MSRP – .00135 Base Rate
36 Month – Residual 55% of MSRP – .00135 Base Rate

24mo Payment: $955 at invoice, $1175 at MSRP
36mo Payment: $781 at invoice, $930 at MSRP

Last month’s payments on the same exact car:

24mo Payment: $892 at invoice, $1114 at MSRP
36mo Payment: $819 at invoice, $970 at MSRP

If you haven’t noticed, this month you can get a 4.8i at 36 months for about $11 more than leasing a 3.0si last month. For those who waited, I say WOO HOO! I would most definitely pony up $11 more a month to be in a 4.8i than on the 3.0si. That’s $11 more a month to drive in a car that’s has over $7000 more in upgrades. NICE! That’s $396 more over 3 yrs for those who like numbers.

Rest of the BMW line up:
I didn’t notice anything exceptional. I mean most people aren’t shopping for 7-series since the payments are more than some people’s mortgage.  Don’t worry, I will still assist with payment calculations, just leave me comment or send me an email.

2008 BMW X6 xDrive35i Wagon
24 Month – Residual 56% of MSRP – .00270 Base Rate
36 Month – Residual 49% of MSRP – .00270 Base Rate

2008 BMW X6 xDrive50i Wagon
24 Month – Residual 51% of MSRP – .00270 Base Rate
36 Month – Residual 44% of MSRP – .00270 Base Rate

2008 BMW 650Ci Coupe
24 Month – Residual 63% of MSRP – .00200 Base Rate
36 Month – Residual 55% of MSRP – .00200 Base Rate

2008 BMW 650CiC Convertible
24 Month – Residual 65% of MSRP – .00200 Base Rate
36 Month – Residual 57% of MSRP – .00200 Base Rate

2008 BMW M6 Coupe
24 Month – Residual 67% of MSRP – .00170 Base Rate
36 Month – Residual 57% of MSRP – .00170 Base Rate

2008 BMW M6 Convertible
24 Month – Residual 67% of MSRP – .00170 Base Rate
36 Month – Residual 57% of MSRP – .00170 Base Rate

2008 BMW 750i Sedan
24 Month – Residual 57% of MSRP – .00125 Base Rate
36 Month – Residual 50% of MSRP – .00125 Base Rate

2008 BMW 750Li Sedan
24 Month – Residual 57% of MSRP – .00125 Base Rate
36 Month – Residual 50% of MSRP – .00125 Base Rate

2008 BMW 760Li Sedan
24 Month – Residual 45% of MSRP – .00125 Base Rate
36 Month – Residual 37% of MSRP – .00125 Base Rate

2008 BMW Alpina B7 Sedan
24 Month – Residual 47% of MSRP – .00125 Base Rate
36 Month – Residual 40% of MSRP – .00125 Base Rate

2008 BMW Z4 3.0si Coupe
24 Month – Residual 61% of MSRP – .00220 Base Rate
36 Month – Residual 51% of MSRP – .00220 Base Rate

2008 BMW Z4 3.0i Convertible
24 Month – Residual 68% of MSRP – .00230 Base Rate
36 Month – Residual 60% of MSRP – .00230 Base Rate

2008 BMW Z4 3.0si Convertible
24 Month – Residual 68% of MSRP – .00200 Base Rate
36 Month – Residual 60% of MSRP – .00200 Base Rate

2008 BMW Z4 M Coupe
24 Month – Residual 64% of MSRP – .00220 Base Rate
36 Month – Residual 56% of MSRP – .00220 Base Rate

2008 BMW Z4 M Convertible
24 Month – Residual 64% of MSRP – .00190 Base Rate
36 Month – Residual 56% of MSRP – .00190 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

September 2008 Lease Rate for 08 BMW X3

My Take: The numbers for the X3 for September are promising. The 24 month lease is less than $10 more per month, which you can offset by switching from a 15k to 12k miles year. Here is the good news, the 36 month lease retains last month’s residual and receives this month’s lower MF, making it a CHEAPER lease than last month. If you are shopping for a X3, you are in luck!

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  • X3 + Premium + Sport (w/ performance wheels & tires)
  • MSRP $45,925
  • Invoice $42,250
  • Standard inception fees + tax not included
  • Residuals posted are for 15K miles/year.

2008 BMW X3 3.0si 4WD SUV
24 Month – Residual 70% of MSRP – .00160 Base Rate
36 Month – Residual 62% of MSRP – .00160 Base Rate

24mo Payment: $540 at invoice, $699 at MSRP
36mo Payment: $496 at invoice, $604 at MSRP <- LOWER THAN LAST MONTH!

Last month’s payments on the same car:

24mo Payment: $533 at invoice, $694 at MSRP
36mo Payment: $524 at invoice, $633 at MSRP

Rates provided by Tarry Shebesta from Leasecompare.com

September 2008 Lease Rate for 08 BMW 1-Series

My Take: Not a good time lease a 1-series. The residual values have dropped and MF has stayed the same this month. I don’t need make payment estimates for you on this car. If you are curious as to how much it will cost you, look up August’s numbers and tell yourself that it’s going to be at least $40 more per month. If you still want to see at a payment range estimate, drop me a comment and I will whip one up.

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2008 BMW 128i Coupe
24 Month – Residual 72% of MSRP – .00270 Base Rate
36 Month – Residual 59% of MSRP – .00270 Base Rate

2008 BMW 128i Convertible
24 Month – Residual 70% of MSRP – .00270 Base Rate
36 Month – Residual 57% of MSRP – .00270 Base Rate

2008 BMW 135i Coupe
24 Month – Residual 68% of MSRP – .00270 Base Rate
36 Month – Residual 55% of MSRP – .00270 Base Rate

2008 BMW 135i Convertible
24 Month – Residual 69% of MSRP – .00270 Base Rate
36 Month – Residual 56% of MSRP – .00270 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

September 2008 Lease Rates for 08 BMW 5-Series

My Take: Couple of thinks to note about the 5-series is that the September residuals and MF are exactly the same as August on the 36 month leases. There is only one exception to that, the 535xi’s MF was bumped to .00200 from .00160, certainly not bad if you are looking to lease for 36 months. The 24 month leases got VERY expensive this month. We’re talking about a 4% drop in residual, which translates to about $80 per month more than August.

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  • 528i + Premium + Sport
  • MSRP $50,725
  • Invoice $46,680
  • Standard inception fees + tax
  • Lease rate in BOLD

2008 BMW 528i Sedan
24 Month – Residual 63% of MSRP – .00180 Base Rate
36 Month – Residual 55% of MSRP – .00180 Base Rate

24mo Payment: $755 at invoice, $931 at MSRP
36mo Payment: $656 at invoice, $775 at MSRP

Last month’s payments for the same exact car:

24mo Payment: $674 at invoice, $850 at MSRP
36mo Payment: $655 at invoice, $775 at MSRP

Not too bad if you ask me. Stick with the 36-month lease and you should be paying the same monthly payments as August.

2008 BMW 528xi Sedan
24 Month – Residual 62% of MSRP – .00180 Base Rate
36 Month – Residual 55% of MSRP – .00180 Base Rate

2008 BMW 535i Sedan
24 Month – Residual 62% of MSRP – .00160 Base Rate
36 Month – Residual 55% of MSRP – .00160 Base Rate

2008 BMW 535xi Sedan
24 Month – Residual 62% of MSRP – .00200 Base Rate
36 Month – Residual 55% of MSRP – .00200 Base Rate

2008 BMW 535xi Wagon
24 Month – Residual 61% of MSRP – .00160 Base Rate
36 Month – Residual 55% of MSRP – .00160 Base Rate

2008 BMW 550i Sedan
24 Month – Residual 61% of MSRP – .00180 Base Rate
36 Month – Residual 55% of MSRP – .00180 Base Rate

2008 BMW M5 Sedan
24 Month – Residual 65% of MSRP – .00210 Base Rate
36 Month – Residual 55% of MSRP – .00210 Base Rate

September 2008 Lease Rates for 08 BMW 3-Series

My Take: The numbers for the 2008 3-series went up from last month. I hope some of you where able to jump those deals. The only car that seems to stand out from the group is the 328i sedan. The money factor is still fairly low, so it may be worth taking a look.

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  • 328i + Premium + Sport
  • MSRP $38,575
  • Invoice $35,505
  • Standard inception fees + tax not included
  • Residuals posted are for 15K miles/year.

328i Sedan
24 Month – Residual 61% of MSRP – .00140 Base Rate
36 Month – Residual 56% of MSRP – .00140 Base Rate

24mo Payment: $582 at invoice, $714 at MSRP
36mo Payment: $466 at invoice, $556 at MSRP

Last month’s payments for the same exact car:

24mo Payment: $494 at invoice, $626 at MSRP
36mo Payment: $457 at invoice, $547 at MSRP

One word: Ouch! Payments went up nearly $100 on the 24mo lease because of the lower residual and higher MF. The 36mo lease isn’t too bad, going up only about $9. Still worth leasing, if you can get the .0014 MF and invoice price. Remember, negotiating with BMW can sometimes be very challenging, so stay cool and calm.

328i Coupe
24 Month – Residual 60% of MSRP – .00185 Base Rate
36 Month – Residual 55% of MSRP – .00185 Base Rate

328xi Coupe
24 Month – Residual 61% of MSRP – .00185 Base Rate
36 Month – Residual 55% of MSRP – .00185 Base Rate

328xi Sedan
24 Month – Residual 61% of MSRP – .00165 Base Rate
36 Month – Residual 56% of MSRP – .00165 Base Rate

328i Convertible
24 Month – Residual 64% of MSRP – .00230 Base Rate
36 Month – Residual 56% of MSRP – .00230 Base Rate

328i Sport Wagon
24 Month – Residual 60% of MSRP – .00235 Base Rate
36 Month – Residual 54% of MSRP – .00235 Base Rate

328xi Sport Wagon
24 Month – Residual 60% of MSRP – .00235 Base Rate
36 Month – Residual 54% of MSRP – .00235 Base Rate

335i Coupe
24 Month – Residual 59% of MSRP – .00210 Base Rate
36 Month – Residual 54% of MSRP – .00210 Base Rate

335xi Coupe
24 Month – Residual 59% of MSRP – .00210 Base Rate
36 Month – Residual 54% of MSRP – .00210 Base Rate

335i Sedan
24 Month – Residual 61% of MSRP – .00150 Base Rate
36 Month – Residual 56% of MSRP – .00150 Base Rate

335xi Sedan
24 Month – Residual 61% of MSRP – .00190 Base Rate
36 Month – Residual 56% of MSRP – .00190 Base Rate

335i Convertible
24 Month – Residual 61% of MSRP – .00230 Base Rate
36 Month – Residual 54% of MSRP – .00230 Base Rate

M3 Coupe
24 Month – Residual 54% of MSRP – .00270 Base Rate
36 Month – Residual 49% of MSRP – .00270 Base Rate

M3 Sedan
24 Month – Residual 54% of MSRP – .00270 Base Rate
36 Month – Residual 49% of MSRP – .00270 Base Rate

M3 Convertible
24 Month – Residual 51% of MSRP – .00270 Base Rate
36 Month – Residual 47% of MSRP – .00270 Base Rate

August 2008 Lease Rate for 08 Subaru Legacy

My Take: Last rates I have for the month are for the Legacy. I actually like this sedan quite a bit. I was shopping around for it back in May of 07, but they had finished production on them and the dealer didn’t have any of them left.
Don’t let the low MF fool you though, the residual is real low here, not to mention the price tag on this car is relatively high (mid-$30k). This is an expensive lease, so avoid it. Subaru makes very good cars, but I’m surprised their estimated residual is so low. If they were a good 10% higher, this would make for a pretty good lease. Specially for folks in rainy and snowy states.

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2008 Subaru Legacy Sedan GT Spec B w/VDC/Nav
24 Month – Residual 55% of MSRP – .00120 Base Rate
36 Month – Residual 45% of MSRP – .00105 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

August 2008 Lease Rates for 08 Toyota Highlander

My Take: Ever wanted to know how much the Highlander Hybrid costs to lease? Lets find out! Just make sure you don’t get your hopes up. The residual is so-so and the MF is on the higher end of things here, not exactly the best combination out there. Seems to me that what you save on gas, compared to the non-hybrid models, you make up in higher payments.

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  • Highlander Limited Hybrid 4WD
  • MSRP $43,835
  • Invoice $39,028
  • Standard inception fees + tax not included
  • Residuals posted are for 15K miles/year.

2008 Toyota Highlander Limited Hybrid 4WD
24 Month – Residual 63% of MSRP – .00255 Base Rate
36 Month – Residual 54% of MSRP – .00255 Base Rate

24mo Payment: $645 at invoice, $858 at MSRP
36mo Payment: $586 at invoice, $732 at MSRP

You don’t want any lease longer than 36-month since the warranty is only up to 3 yrs. The numbers look “okay”. Certainly not motivating me to run out and get one since you probably won’t get much of a discount since this IS a hybrid.

In contrast…

  • Highlander Sport 4WD
  • MSRP $38,240
  • Invoice $33,554
  • Standard inception fees + tax not included
  • Residuals posted are for 15K miles/year.

2008 Toyota Highlander Sport 4WD
24 Month – Residual 57% of MSRP – .00166 Base Rate
36 Month – Residual 50% of MSRP – .00166 Base Rate

24mo Payment: $582 at invoice, $785 at MSRP
36mo Payment: $488 at invoice, $626 at MSRP

We’re looking at about $100 bucks per month more on the Hybrid over 36 months. That’s $3600 over the course of 3 yrs. On average, the Hybrid gets about 7 miles more than the non-hybrid version. Meaning, if you drive 12k miles per year, you consumer 462 gallons on a hybrid and 631 gallons on a non-hybrid. Assuming gas prices are at $5 per gallon (I know they aren’t, but this is just to anticipate any price changes for the next year or so), that’s $845 more per year on the non-hybrid. However, you are paying $1200 more per year on the hybrid, making it about $355 more per year.

Rates provided by Tarry Shebesta from Leasecompare.com

August 2008 Lease Rate for 09 Honda Pilot

My Take: The 2009 Honda Pilot isn’t exactly the best lease right now. However, the residual is high enough to help counter the high MF. Calling this month’s rates a “deal” would be a stretch, though. I’m not a big fan of the current generation Pilot. It’s just soooo ugly. I’m a very “design conscious” person and the 09 is not doing it for me in that department.

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  • Pilot 4WD LX
  • MSRP $29,865
  • Invoice $27,112
  • Standard inception fees + tax not included
  • Residuals posted are for 15K miles/year.

2009 Honda Pilot 4WD LX
24 Month – Residual 65% of MSRP – .00212 Base Rate
36 Month – Residual 56% of MSRP – .00212 Base Rate

24mo Payment: $419 at invoice, $540 at MSRP
36mo Payment: $381 at invoice, $464 at MSRP

No options to be had here. TMV suggests the Pilot goes for about $100 over MSRP. Really? LOL. If that’s the case, no thanks. Keep in mind that the LX model is bone stock too. That’s why its this cheap. I suspect the EX & Touring models’ monthly payments will in the $500 due to the higher price tags and lower residuals.

2009 Honda Pilot 4WD EX
24 Month – Residual 65% of MSRP – .00212 Base Rate
36 Month – Residual 56% of MSRP – .00212 Base Rate

2009 Honda Pilot 4WD EX-L
24 Month – Residual 62% of MSRP – .00212 Base Rate
36 Month – Residual 54% of MSRP – .00212 Base Rate

2009 Honda Pilot 4WD EX-L w/ RES
24 Month – Residual 61% of MSRP – .00212 Base Rate
36 Month – Residual 53% of MSRP – .00212 Base Rate

2009 Honda Pilot 4WD Touring w/Nav
24 Month – Residual 59% of MSRP – .00212 Base Rate
36 Month – Residual 51% of MSRP – .00212 Base Rate

2009 Honda Pilot 4WD Touring w/Nav/Res
24 Month – Residual 58% of MSRP – .00212 Base Rate
36 Month – Residual 50% of MSRP – .00212 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com