Money Factor

August 2008 Lease Rates for 08 BMW 7-Series

Published by G

My Take: The 7-series rates for August remain unchanged, so nothing to sing about. Then again, if you can afford the 7-series, do you really care? Maybe, maybe not. Anyway, I’ll be using the 750Li as an example for the estimated monthly payments.

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  • 750Li + BMW Individual Composition + Vented Seats
  • MSRP $95,225
  • Invoice $86,820
  • Standard inception fees + tax
  • Lease rate in BOLD

24mo Payment: $1395 at invoice, $1764 at MSRP
36mo Payment: $1280 at invoice, $1532 at MSRP

Edmunds’ TMV suggests that the car can be leased at another $2000-$2800 under invoice. Some folks around the country have also reported at least 11k off MSRP on their leases. so it looks like payments can dip into $1272 for 24mo and $1196 for 36mo if you can go about $2800 under invoice. You can further cut that price by opting for the 12k or the 10k mileage allowances. Remember, if you are not a returning BMW customer, you may have to pay a security deposit to get the .00215 base rate.

2008 BMW 750i Sedan
24 Month – Residual 64% of MSRP – .00215 Base Rate
36 Month – Residual 54% of MSRP – .00215 Base Rate

2008 BMW 750Li Sedan
24 Month – Residual 64% of MSRP – .00215 Base Rate
36 Month – Residual 54% of MSRP – .00215 Base Rate

2008 BMW 760Li Sedan
24 Month – Residual 51% of MSRP – .00215 Base Rate
36 Month – Residual 41% of MSRP – .00215 Base Rate

2008 BMW Alpina B7 Sedan
24 Month – Residual 54% of MSRP – .00215 Base Rate
36 Month – Residual 44% of MSRP – .00215 Base Rate

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* Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3%
for 10k mi/yr on all terms
** Rates provided by Tarry Shebesta from Leasecompare.com

August 2008 Lease Rate for 08 Acura RDX

Published by G

My Take: Word has it that AHFC is offering $2500 rebate on their RDX leases now. Not a bad time to jump into an RDX right about now. Even Edmund’s TMV is showing at least $1000 under invoice sale prices. Personally I would shoot for invoice minus the $2500 rebate. That would make for a sweet deal. I’ll be looking at the base RDX since it holds a higher residual value than the Tech.

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  • RDX (w/o Tech)
  • MSRP $31,455 ($33,955 – $2500)
  • Invoice $28,765 ($31,265 – $2500)
  • Standard inception fees + tax
  • Lease rate in BOLD

36mo Payment: $416 at invoice, $495 at MSRP

Remember, if you end up paying around $31455, the dealer pretty much leased you the car without a discount on their end. Always get the dealer to pitch in some discounts because rebates are not from the dealer, they are from the manufacturer. You want to get a little love from both parties here. Dealers may represent the manufacturer, but they are independently owned and operated. TMV is showing around $29,422 in Southern California.

2008 Acura RDX
24 Month – Residual 57% of MSRP – .00154 Base Rate
36 Month/12k – Residual 50% of MSRP – .00154 Base Rate
36 Month/15k – Residual 48% of MSRP – .00154 Base Rate

2008 Acura RDX with Tech
24 Month – Residual 55% of MSRP – .00101 Base Rate

36 Month – Residual 47% of MSRP – .00101 Base Rate

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August 2008 Lease Rate for 08 Lexus IS250

Published by G

My Take: Thus far, the leasing “crisis” this month hasn’t affected German and Japanese cars, which is great news for those looking to lease an import. The MF stays relatively low on the IS250, making it cheaper to lease. The thing about the IS250 I don’t like is that it is far too expensive and underpowered for the price tag. I am not saying this is bad car, on the contrary, this car is beautifully crafted and one of the smoothest rides on the road.

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  • IS250 RWD Auto + Luxury Plus + X Package
  • MSRP $38569
  • Invoice $33581
  • Standard inception fees + tax
  • Lease rate in BOLD

36mo Payment: $373 at invoice, $515 at MSRP

Notice how huge the gap is between the MSRP and the Invoice? Talk about overpriced. The good news is that the IS250 can probably be leased close to invoice (maybe few hundred above invoice), keeping the payments in the high $300s. Keep in mind you need to pay taxes, so you either pay that up front or your payments will be more in the low-$400s. Not too bad considering Acura’s 2009 TSX leases for around the same amount. Compared to the 328i or the C300, you’d be paying hundreds less going with the TSX or the IS250 this month.

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2008 Lexus IS250 RWD (Auto)
36 Month/12k – Residual 54% of MSRP – .00055 Base Rate

More rates from Tarry:

2008 Lexus IS250 Manual Sedan
24 Month – Residual 59% of MSRP – .00080 Base Rate
36 Month – Residual 52% of MSRP – .00080 Base Rate
48 Month – Residual 43% of MSRP – .00080 Base Rate
60 Month – Residual 35% of MSRP – .00245 Base Rate

2008 Lexus IS250 Automatic Sedan
24 Month – Residual 59% of MSRP – .00080 Base Rate
36 Month – Residual 52% of MSRP – .00080 Base Rate
48 Month – Residual 43% of MSRP – .00080 Base Rate
60 Month – Residual 35% of MSRP – .00245 Base Rate

2008 Lexus IS250 AWD Sedan
24 Month – Residual 60% of MSRP – .00125 Base Rate
36 Month – Residual 54% of MSRP – .00125 Base Rate
48 Month – Residual 45% of MSRP – .00125 Base Rate
60 Month – Residual 37% of MSRP – .00225 Base Rate

August 2008 Lease Rate for 08 BMW X3

Published by G

My Take: BMW has stepped up it’s leasing efforts this month by lowering the MF by .0004 to .002 while keeping the residual value the same as July. That spells god news for those who are looking to lease the X3.

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  • X3 + Premium + Sport (w/ performance wheels & tires)
  • MSRP $45,925
  • Invoice $42,250
  • Standard inception fees + tax
  • Lease rate in BOLD

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

    I was hoping for the payments to be more in the $400-$500 range, but it doesn’t seem like that’s the case. Still, the numbers are more attractive than last month ($30 less a month on the 36mo lease). Remember, you can opt for the 12k or the 10k mile leases to lower your monthly payment another $20-30. A security deposit may be required to get the low .002 money factor. It could be waived if you are a returning BMW lesse.

    2008 BMW X3 3.0si 4WD SUV

    24 Month – Residual 72% of MSRP – .00200 Base Rate
    36 Month – Residual 62% of MSRP – .00200 Base Rate

    * Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3%

    for 10k mi/yr on all terms

    ** Rates provided by Tarry Shebesta from Leasecompare.com

    August 2008 Lease Rate for 08 BMW 5-Series

    Published by G

    My Take: Looks like BMWFS improved the money factor for the 5-series. Not exactly a bad time to check out the 5-series right now. I actually like the 5-series a lot, almost as much as I like the E-Class. I just don’t have the money or the need to lease either of them. Again, 48+ month leases are bad because residual drops significantly and MFs jump up. Bad combination when it comes to leasing, not to mention more wear and tear costs. I’ll be taking a look at the 528 and the 535 sedan’s payments. R

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

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

    Seems the 36mo lease is much better than the 24mo lease. You can lower your payments around $25 per month if you go from 15k to 12k or $38 by going to 10k on a 36mo lease.

    • 535i + Premium + Sport
    • MSRP $55,725
    • Invoice $51,280
    • Standard inception fees + tax
    • Lease rate in BOLD

    24mo Payment: $745 at invoice, $937 at MSRP
    36mo Payment: $704 at invoice, $835 at MSRP

    With the price of the 528i and the 535i being off by about $50, I would opt for the 535i. Both cars are going for about $1000 over invoice according to Edmund’s TMV. Another thing to remember, you may be required to put a security deposit in order to lowest MF listed here. I believe they will waive that if you are a current BMW customer.

    2008 BMW 528i Sedan
    24 Month – Residual 67% of MSRP – .00180 Base Rate
    36 Month – Residual 55% of MSRP – .00180 Base Rate

    2008 BMW 528xi Sedan
    24 Month – Residual 66% of MSRP – .00180 Base Rate
    36 Month – Residual 55% of MSRP – .00180 Base Rate

    2008 BMW 535i Sedan
    24 Month – Residual 66% of MSRP – .00160 Base Rate
    36 Month – Residual 55% of MSRP – .00160 Base Rate

    2008 BMW 535xi Sedan
    24 Month – Residual 65% of MSRP – .00160 Base Rate
    36 Month – Residual 55% of MSRP – .00160 Base Rate

    2008 BMW 535xi Wagon
    24 Month – Residual 65% of MSRP – .00160 Base Rate
    36 Month – Residual 55% of MSRP – .00160 Base Rate

    2008 BMW 550i Sedan
    24 Month – Residual 65% of MSRP – .00180 Base Rate
    36 Month – Residual 55% of MSRP – .00180 Base Rate

    2008 BMW M5 Sedan
    24 Month – Residual 68% of MSRP – .00210 Base Rate
    36 Month – Residual 55% of MSRP – .00210 Base Rate

    * Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3%
    for 10k mi/yr on all terms
    ** Rates provided by Tarry Shebesta from Leasecompare.comn

    August 2008 Lease Rate for 08 BMW 3-Series

    Published by G

    My Take: Good news is that the 3-series leases have improved somewhat, specially compared to the  1-series. Lets see how things look, shall we?

    • 328i + Premium + Sport
    • MSRP $38,575
    • Invoice $35,505
    • Standard inception fees + tax
    • Lease rate in BOLD

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

    The payments are obviously higher than the 1-series. That is primarily due to the fact that the car is more expensive. It is a bigger car after all. The key here is that the 36mo lease is more attractive and the car could be had for a “close to invoice” price. So essentially, you could be in a 3-series for around the same price as the 1-series. More is better.

    • 335i + Premium + Sport
    • MSRP $44,575
    • Invoice $41,030
    • Standard inception fees + tax
    • Lease rate in BOLD

    24mo Payment: $589 at invoice, $742 at MSRP
    36mo Payment: $545 at invoice, $649 at MSRP

    So what do you get for another $100 per month over the 328i? 300hp twin-turbo engine that is remarkably potent and fuel efficient. Couple of things to note is that the .00150 MF may require a security deposit if you are not a current BMW owner. For this kind of money the G35/G37 are probably the better bang for the buck.

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    2008 BMW 328Ci Coupe
    24 Month – Residual 65% of MSRP – .00145 Base Rate
    36 Month – Residual 55% of MSRP – .00145 Base Rate

    2008 BMW 328xi Coupe
    24 Month – Residual 65% of MSRP – .00145 Base Rate
    36 Month – Residual 55% of MSRP – .00145 Base Rate

    2008 BMW 328i Sedan
    24 Month – Residual 66% of MSRP – .00125 Base Rate
    36 Month – Residual 56% of MSRP – .00125 Base Rate

    2008 BMW 328xi Sedan
    24 Month – Residual 66% of MSRP – .00125 Base Rate
    36 Month – Residual 56% of MSRP – .00125 Base Rate

    2008 BMW 328i Wagon
    24 Month – Residual 64% of MSRP – .00195 Base Rate
    36 Month – Residual 54% of MSRP – .00195 Base Rate

    2008 BMW 328xi Wagon
    24 Month – Residual 64% of MSRP – .00195 Base Rate
    36 Month – Residual 54% of MSRP – .00195 Base Rate

    2008 BMW 328i Convertible
    24 Month – Residual 68% of MSRP – .00190 Base Rate
    36 Month – Residual 56% of MSRP – .00190 Base Rate

    2008 BMW 335i Coupe
    24 Month – Residual 64% of MSRP – .00170 Base Rate
    36 Month – Residual 54% of MSRP – .00170 Base Rate

    2008 BMW 335xi Coupe
    24 Month – Residual 64% of MSRP – .00170 Base Rate
    36 Month – Residual 54% of MSRP – .00170 Base Rate

    2008 BMW 335i Sedan
    24 Month – Residual 66% of MSRP – .00150 Base Rate
    36 Month – Residual 56% of MSRP – .00150 Base Rate

    2008 BMW 335xi Sedan
    24 Month – Residual 66% of MSRP – .00150 Base Rate
    36 Month – Residual 56% of MSRP – .00150 Base Rate

    2008 BMW 335i Convertible
    24 Month – Residual 65% of MSRP – .00175 Base Rate
    36 Month – Residual 54% of MSRP – .00175 Base Rate

    2008 BMW M3 Coupe
    24 Month – Residual 60% of MSRP – .00270 Base Rate
    36 Month – Residual 50% of MSRP – .00270 Base Rate

    2008 BMW M3 Sedan
    24 Month – Residual 61% of MSRP – .00270 Base Rate
    36 Month – Residual 51% of MSRP – .00270 Base Rate

    2008 BMW M3 Convertible
    24 Month – Residual 57% of MSRP – .00270 Base Rate
    36 Month – Residual 48% of MSRP – .00270 Base Rate

    * Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3%
    for 10k mi/yr on all terms
    ** Rates provided by Tarry Shebesta from Leasecompare.com

    August 2008 Lease Rate for 08 BMW 1-Series

    Published by G

    My Take: There isn’t any lease support for the 1-series still. I’ve taken ou the 48mo and 60mo lease rates since you should NEVER lease for such a long time. The better lease right now would probably be the 128i since it has the higher residual and the lower price tag.

    • 128i + Premium + Sport
    • MSRP $34,425
    • Invoice $31,685
    • Standard inception fees + tax
    • Lease rate in BOLD

    24mo Payment: $413 at invoice, $535 at MSRP
    36mo Payment: $447 at invoice, $531 at MSRP

    Surprisingly enough, 24mo leases are looking much better than the 36mo leases. Unfortunately, the 1-series does not lease for invoice, so expect your payments to be more on the high $400 to low $500.

    • 135i + Premium + Sport
    • MSRP $40,225
    • Invoice $37,030
    • Standard inception fees + tax
    • Lease rate in BOLD

    24mo Payment: $561 at invoice, $703 at MSRP
    36mo Payment: $564 at invoice, $661 at MSRP

    Same thing over on the 135i model, the 24mo lease range is wider than the 36mo range. Don’t expect invoice on this one either. Seriously, these little go-karts are EXPENSIVE! May want to look into the 3-series if you are looking to lease, no sense in paying this kind of money for a car that offers so little in return.

    2008 BMW 128i Coupe
    24 Month – Residual 74% of MSRP – .00270 Base Rate
    36 Month – Residual 60% of MSRP – .00270 Base Rate

    2008 BMW 128i Convertible
    24 Month – Residual 72% of MSRP – .00270 Base Rate
    36 Month – Residual 58% of MSRP – .00270 Base Rate

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

    2008 BMW 135i Convertible
    24 Month – Residual 71% of MSRP – .00270 Base Rate
    36 Month – Residual 57% of MSRP – .00270 Base Rate

    * Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms

    * Add 1% for 12k annual miles and 2% for 10k annual miles on all terms except 24 months.
    ** Rates provided by Tarry Shebesta from Leasecompare.com

    August 2008 Lease Rate for 08 Infiniti G35/G37

    Published by G

    My Take: The official word is that the 08 G35 and G37 July rates will carry over to August, possibly into Sept 2. The 09 models will be arriving in September, so G’s in general are no longer in production. The days of getting a G35/G37 for under $400 with no cap reduction are not exactly over. However, selection is limited, so you may not get exactly what you want. Also, keep in mind that Infiniti has introducted 1.9% financing for up to 72 months as well (in addition to their 0.9% for 60 months), in case you wanted to go the purchasing route. Lets play with some numbers, shall we?

    • G35 Journey + Premium
    • MSRP $36015
    • Invoice $33046
    • Standard inception fees plus tax
    • Terms in BOLD

    G35 24mo Payment: $445 at invoice, $572 at MSRP.
    G35 36mo Payment: $429 at invoice, $515 at MSRP.

    Not as cheap as it used to be. Using June’s numbers, this same car at invoice would have been $400 on a 24mo/15k lease. To say the July/August aren’t as good is an understatement, but I sense that things could get worse, so leasing the G now may be the best time. The good news is that the G35 can be had below invoice in most areas with fairly good competition. Assuming the following conditions, 36mo/12k, $500 under invoice, your monthly payments can get as good as $395 + tax. Drop to a 10k mile lease and you are looking at $376 + tax.

    • G37 Sport + Premium
    • MSRP $40215
    • Invoice $36856
    • Standard inception fees plus tax
    • Terms in BOLD

    G37S 24mo Payment: $470 at invoice, $616 at MSRP.
    G37S 36mo Payment: $474 at invoice, $793 at MSRP.

    The funny thing about the G37 is that it leases better at 24 months. It was the same back in May/June too. I kind of regret not going for the 24mo lease over the 39mo lease come to think of it. Oh well, whatever. The G37 should be attainable at invoice in most areas with high competition. I haven’t heard of many people getting it for under invoice, but lets assume you can get it for $250 under invoice, and change the terms to 24mo/12k (10k is the same residual as 12k on a 24mo lease, so no point doing 10k). The payments should be around $439 + tax. Gone are the days where you could get a well equipped G37 for under $400. Of course, if you don’t mind getting the base model (like I did), you can still get it for $383 +tax per month at invoice for the 24mo/12k term…assuming you can find one.

    2008 Infiniti G35 Base Sedan
    24 Month – Residual 67% of MSRP – .00103 Base Rate
    36 Month – Residual 57% of MSRP – .00134 Base Rate

    2008 Infiniti G35 Journey Sedan
    24 Month – Residual 66% of MSRP – .00103 Base Rate
    36 Month – Residual 56% of MSRP – .00134 Base Rate

    2008 Infiniti G35 Sport Sedan
    24 Month – Residual 66% of MSRP – .00103 Base Rate
    36 Month – Residual 56% of MSRP – .00134 Base Rate

    2008 Infiniti G35 X Sedan
    24 Month – Residual 68% of MSRP – .00147 Base Rate
    36 Month – Residual 58% of MSRP – .00167 Base Rate

    2008 Infiniti G37 Coupe
    24 Month – Residual 73% of MSRP – .00190 Base Rate
    36 Month – Residual 63% of MSRP – .00216 Base Rate

    2008 Infiniti G37 Journey Coupe
    24 Month – Residual 70% of MSRP – .00190 Base Rate
    36 Month – Residual 60% of MSRP – .00216 Base Rate

    2008 Infiniti G37 Sport Coupe
    24 Month – Residual 71% of MSRP – .00190 Base Rate
    36 Month – Residual 61% of MSRP – .00216 Base Rate

    * Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
    ** Rates provided by Tarry Shebesta from Leasecompare.com