09 Audi A8 Lease Rates – May 2009

logo_audiMy Take: A8 is really a bad lease right now. Residual is insanely low plus the money factor isn’t low enough to recommend a lease-to-buy. MAYBE on the A8 Quattro, but definitely not on any of the other trims.

2009 Audi A8

2009 Audi A8 quattro
24-month | 15k miles | residual 43% | .00077 base money factor
36-month | 15k miles | residual 36% | .00077 base money factor
48-month | 15k miles | residual 29% | .00315 base money factor

2009 Audi A8 L quattro
24-month | 15k miles | residual 44% | .00126 base money factor
36-month | 15k miles | residual 37% | .00126 base money factor
48-month | 15k miles | residual 30% | .00351 base money factor

2009 Audi A8 L W12 quattro
24-month | 15k miles | residual 37% | .00488 base money factor
36-month | 15k miles | residual 30% | .00488 base money factor
48-month | 15k miles | residual 23% | .00508 base money factor

2009 Audi S8 Sedan
24-month | 15k miles | residual 49% | .00295 base money factor
36-month | 15k miles | residual 42% | .00295 base money factor
48-month | 15k miles | residual 35% | .00315 base money factor

09 Honda S2000 Lease Rates – May 2009

logo_hondaMy Take: I almost forgot that Honda still had this car around. Not to say that it’s a bad car, it’s just that it’s not something you see very often on the roads these days. Plus I think it’s due for a major redesign, so these low residuals and high money factors really discourage me from saying anything positive about this car’s lease program. Buy it if you must, but do not lease them.

2009 Honda S2000

2009 Honda S2000 Convertible
24-month | 15k miles | residual 57% | .00310 base money factor
36-month | 15k miles | residual 50% | .00310 base money factor
48-month | 15k miles | residual 42% | .00305 base money factor
60-month | 15k miles | residual 32% | .00310 base money factor

2009 Honda S2000 Convertible CR
24-month | 15k miles | residual 55% | .00310 base money factor
36-month | 15k miles | residual 49% | .00310 base money factor
48-month | 15k miles | residual 41% | .00305 base money factor
60-month | 15k miles | residual 31% | .00310 base money factor

2009 Honda S2000 Convertible CR w/AC
24-month | 15k miles | residual 55% | .00310 base money factor
36-month | 15k miles | residual 49% | .00310 base money factor
48-month | 15k miles | residual 41% | .00305 base money factor
60-month | 15k miles | residual 32% | .00310 base money factor

09 Infiniti EX, FX Lease Rates – May 2009

logo_infinitiMy Take: I am not going to deal with the EX35 payments for now since I have only seen the rates for the BASE model, which are probably sold by now. Instead, I will focus on the FX35 AWD on this post. The effective interest rate for the FX35 AWD for 36-months sits at around 1.752% while the 48-month rate is at 2.016%. The BEST interest rate for a purchase loan being offered by IFS right now is 0.9% for up to 36-month and 2.9% from then on (up to 72 months). Seeing how residuals are somewhat low, I would flag this car as a Lease-To-Buy candidate. Not as good as the Mercedes have been these past few months, but close enough. There is about $4000 dealer cash available, but they won’t even let you use it on the special financing, so I would not be surprised to if they refuse to use it on leases. Before you ask if you used it for leases, I have one thing to say about that…”doesn’t matter”. It doesn’t matter because if they need to make a sale they will, so no point arguing about the rebates themselves. Just focus on determining your lowest and highest sale price (factoring in the rebat if you like) before you talk to your dealer. They won’t sell you the vehicle if they really can’t use the rebates anyway, so no point worrying about it.

At Invoice At MSRP
Make/Model Invoice MSRP 36-month 48-month 36-month 48-month
09 Infiniti FX35 AWD $41,125 $44,465 $571* $520** $666* $593**

NOTE: Estimates assuming the following conditions:

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) due at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.
  • No rebates/incentives applied

2008 Infiniti EX

2008 Infiniti EX35 2WD
24-month | 15k miles | residual 52% | .00315 base money factor
36-month | 15k miles | residual 49% | .00001 base money factor
48-month | 15k miles | residual 40% | .00067 base money factor
60-month | 15k miles | residual 34% | .00178 base money factor

2009 Infiniti FX

2009 Infiniti FX35 2WD
24-month | 15k miles | residual 52% | .00315 base money factor
36-month | 15k miles | residual 49% | .00070 base money factor
48-month | 15k miles | residual 41% | .00084 base money factor
60-month | 15k miles | residual 36% | .00106 base money factor

2009 Infiniti FX35 AWD
24-month | 15k miles | residual 53% | .00315 base money factor
36-month | 15k miles | residual 50% | .00073 base money factor
48-month | 15k miles | residual 42% | .00089 base money factor
60-month | 15k miles | residual 36% | .00098 base money factor

2009 Infiniti FX50 AWD
24-month | 15k miles | residual 49% | .00315 base money factor
36-month | 15k miles | residual 47% | .00097 base money factor
48-month | 15k miles | residual 40% | .00113 base money factor
60-month | 15k miles | residual 34% | .00108 base money factor

09 Infiniti G37 Lease Rates – May 2009

logo_infinitiMy Take: Here’s the scoop on the G37 sedans right now. The 48-month lease should get you the lowest payment, but I would probably opt for the 36-month anyway because of the additional costs of tires, assuming you don’t get the Sports model that has those sticky performance tires. With performance tires, you will probably need to replace them before the 36th month, so if you plan to go Sport, you probably want to go with the 48-month. That way you don’t pay for new tires and then have to return the car. Tires ARE expensive, specially if they are 18+ inches and are low profile. If you need tires on your car right now, you may want to order them from an online retailer (such as Tire Rack) and have them shipped to Walmart (or any other place) to have them mounted. Be sure to check the prices for mounting the tires and to arrange delivery with the location of your choice. Going back to the G37, the 36 and the 48 month lease are pretty good right now. Not great, but good. Money factors are low, residual are lower than the 08’s at around the same time last year, but they are more realistic. This means you can probably sell the car at any time during your lease and either break even or make a little money from it (assuming you kept the miles low and the car in great shape). Last years residuals were bad, my car is probably worth about $2k-$3k less than the payoff price right now, and I only have about 9000 miles after exactly 1 year. Anyway, if you don’t mind going bare-bones, the G37 Base model should give you a sub $400 monthly payment (before taxes). I have a base and its still a very solid car, so I can’t complain.

At Invoice At MSRP
Make/Model Invoice MSRP 36-month 48-month 36-month 48-month
09 Infiniti G37 Journey Sedan $31,957 $34,515 $425* $407** $499*/td>

$464**

NOTE: Estimates assuming the following conditions:

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) due at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.
  • No rebates/incentives applied

2009 Infiniti G37

2009 Infiniti G37 Base Sedan
24-month | 15k miles | residual 58% | .00315 base money factor
36-month | 15k miles | residual 57% | .00127 base money factor
48-month | 15k miles | residual 48% | .00165 base money factor
60-month | 15k miles | residual 41% | .00201 base money factor

2009 Infiniti G37 Journey Sedan
24-month | 15k miles | residual 56% | .00315 base money factor
36-month | 15k miles | residual 55% | .00127 base money factor
48-month | 15k miles | residual 46% | .00165 base money factor
60-month | 15k miles | residual 39% | .00201 base money factor

2009 Infiniti G37 Sport Sedan
24-month | 15k miles | residual 56% | .00315 base money factor
36-month | 15k miles | residual 55% | .00127 base money factor
48-month | 15k miles | residual 47% | .00165 base money factor
60-month | 15k miles | residual 40% | .00201 base money factor

2009 Infiniti G37X Sedan
24-month | 15k miles | residual 57% | .00315 base money factor
36-month | 15k miles | residual 54% | .00123 base money factor
48-month | 15k miles | residual 47% | .00157 base money factor
60-month | 15k miles | residual 41% | .00202 base money factor

09 Honda CR-V Lease Rates – May 2009

logo_hondaMy Take: I’m on a roll here, aren’t I? The next victim would be the Honda CR-V. Excellent compact SUV, probably wouldn’t mind getting one myself. But I don’t think I would be leasing one any time soon. 0.0250 or 6% APR is a bit too high for my tastes. Surely the high residual value helps offset the high money factor, but I think the moons and the stars have not aligned properly to make this a “must lease” this month. The only good news about the CR-V is that invoice pricing (or below) should be attainable in most areas with decent competition. There is $500 dealer cash available (not much in the grand scheme of things) and purchase financing options are around 5.99% for 60 months, which is crap in all honesty. If you buy, pay cash. Otherwise maybe lease for 24/36 months if you REALLY have to. Personally, I would wait to see what the month June brings.

2009 Honda CR-V

2009 Honda CR-V 4WD EX
24-month | 15k miles | residual 67% | .00250 base money factor
36-month | 15k miles | residual 59% | .00250 base money factor
48-month | 15k miles | residual 50% | .00305 base money factor
60-month | 15k miles | residual 40% | .00310 base money factor

2009 Honda CR-V 4WD EX-L
24-month | 15k miles | residual 64% | .00250 base money factor
36-month | 15k miles | residual 56% | .00250 base money factor
48-month | 15k miles | residual 47% | .00305 base money factor
60-month | 15k miles | residual 38% | .00310 base money factor

2009 Honda CR-V 4WD EX-L w/ Navigation
24-month | 15k miles | residual 62% | .00250 base money factor
36-month | 15k miles | residual 55% | .00250 base money factor
48-month | 15k miles | residual 46% | .00305 base money factor
60-month | 15k miles | residual 37% | .00310 base money factor

2009 Honda CR-V 4WD LX
24-month | 15k miles | residual 66% | .00250 base money factor
36-month | 15k miles | residual 59% | .00250 base money factor
48-month | 15k miles | residual 50% | .00305 base money factor
60-month | 15k miles | residual 39% | .00310 base money factor

09 Audi TT Lease Rates – May 2009

logo_audiMy Take: I don’t understand why the Audi TT never gets any decent lease support. The money factors have dropped on a little primarily on the convertibles. Unfortunately, the residual are atrocious, so it makes the payments higher than I would personally recommend. Sale prices should be reasonable for most metro markets with decent competition, but I probably wouldn’t consider buying it unless you plan to pay cash. Just a quick reminder to fellow Californians, your auto licensing fees are going up May 19th, 2009.

2009 Audi TT

2009 Audi TT 2.0T Premium Coupe
24-month | 15k miles | residual 55% | .00214 base money factor
36-month | 15k miles | residual 48% | .00214 base money factor
48-month | 15k miles | residual 41% | .00355 base money factor

2009 Audi TT 2.0T Premium Plus Coupe
24-month | 15k miles | residual 54% | .00214 base money factor
36-month | 15k miles | residual 47% | .00214 base money factor
48-month | 15k miles | residual 40% | .00355 base money factor

2009 Audi TT 2.0T Prestige Coupe
24-month | 15k miles | residual 52% | .00214 base money factor
36-month | 15k miles | residual 45% | .00214 base money factor
48-month | 15k miles | residual 38% | .00355 base money factor

2009 Audi TT 2.0T quattro Premium Coupe
24-month | 15k miles | residual 55% | .00237 base money factor
36-month | 15k miles | residual 48% | .00237 base money factor
48-month | 15k miles | residual 41% | .00355 base money factor

2009 Audi TT 2.0T quattro Premium Plus Coupe
24-month | 15k miles | residual 55% | .00237 base money factor
36-month | 15k miles | residual 48% | .00237 base money factor
48-month | 15k miles | residual 41% | .00355 base money factor

2009 Audi TT 2.0T quattro Prestige Coupe
24-month | 15k miles | residual 53% | .00237 base money factor
36-month | 15k miles | residual 46% | .00237 base money factor
48-month | 15k miles | residual 39% | .00355 base money factor

2009 Audi TT 3.2L quattro Premium Plus Coupe
24-month | 15k miles | residual 54% | .00202 base money factor
36-month | 15k miles | residual 47% | .00202 base money factor
48-month | 15k miles | residual 40% | .00355 base money factor

2009 Audi TT 3.2L quattro Prestige Coupe
24-month | 15k miles | residual 52% | .00202 base money factor
36-month | 15k miles | residual 45% | .00202 base money factor
48-month | 15k miles | residual 38% | .00355 base money factor

2009 Audi TT 2.0T Premium Cabriolet
24-month | 15k miles | residual 53% | .00183 base money factor
36-month | 15k miles | residual 46% | .00183 base money factor
48-month | 15k miles | residual 39% | .00355 base money factor

2009 Audi TT 2.0T Premium Plus Cabriolet
24-month | 15k miles | residual 52% | .00183 base money factor
36-month | 15k miles | residual 45% | .00183 base money factor
48-month | 15k miles | residual 38% | .00355 base money factor

2009 Audi TT 2.0T Prestige Cabriolet
24-month | 15k miles | residual 51% | .00183 base money factor
36-month | 15k miles | residual 44% | .00183 base money factor
48-month | 15k miles | residual 37% | .00355 base money factor

2009 Audi TT 2.0T quattro Premium Cabriolet
24-month | 15k miles | residual 55% | .00223 base money factor
36-month | 15k miles | residual 48% | .00223 base money factor
48-month | 15k miles | residual 41% | .00355 base money factor

2009 Audi TT 2.0T quattro Premium Plus Cabriolet
24-month | 15k miles | residual 54% | .00223 base money factor
36-month | 15k miles | residual 47% | .00223 base money factor
48-month | 15k miles | residual 40% | .00355 base money factor

2009 Audi TT 2.0T quattro Prestige Cabriolet
24-month | 15k miles | residual 52% | .00223 base money factor
36-month | 15k miles | residual 45% | .00223 base money factor
48-month | 15k miles | residual 38% | .00355 base money factor

2009 Audi TT 3.2L quattro Premium Plus Cabriolet
24-month | 15k miles | residual 53% | .00172 base money factor
36-month | 15k miles | residual 46% | .00172 base money factor
48-month | 15k miles | residual 39% | .00355 base money factor

2009 Audi TT 3.2L quattro Prestige Cabriolet
24-month | 15k miles | residual 52% | .00172 base money factor
36-month | 15k miles | residual 45% | .00172 base money factor
48-month | 15k miles | residual 38% | .00355 base money factor

2009 Audi TTS 2.0L quattro Premium Cabriolet
24-month | 15k miles | residual 57% | .00260 base money factor
36-month | 15k miles | residual 50% | .00260 base money factor
48-month | 15k miles | residual 43% | .00355 base money factor

2009 Audi TTS 2.0L quattro Premium Plus Cabriolet
24-month | 15k miles | residual 54% | .00260 base money factor
36-month | 15k miles | residual 47% | .00260 base money factor
48-month | 15k miles | residual 40% | .00355 base money factor

2009 Audi TTS 3.2L quattro Prestige Cabriolet
24-month | 15k miles | residual 53% | .00260 base money factor
36-month | 15k miles | residual 46% | .00260 base money factor
48-month | 15k miles | residual 39% | .00355 base money factor

2009 Audi TTS 2.0L quattro Premium Coupe
24-month | 15k miles | residual 55% | .00227 base money factor
36-month | 15k miles | residual 48% | .00227 base money factor
48-month | 15k miles | residual 41% | .00355 base money factor

2009 Audi TTS 2.0L quattro Premium Plus Coupe
24-month | 15k miles | residual 54% | .00227 base money factor
36-month | 15k miles | residual 47% | .00227 base money factor
48-month | 15k miles | residual 40% | .00355 base money factor

2009 Audi TTS 2.0L quattro Prestige Coupe
24-month | 15k miles | residual 53% | .00227 base money factor
36-month | 15k miles | residual 46% | .00227 base money factor
48-month | 15k miles | residual 39% | .00355 base money factor

09 Toyota Prius Lease Rates – May 2009

logo_toyotaMy Take: Moving on to the Prius…I wouldn’t lease this ride solely on the money factor being so high. I do not wish to pay 6.6% APR on a lease when there are cars out there going for less than 1%. The residual are extremely attractive, but I get the sense that those are somewhat inflated. If you want to buy, go right ahead, there is a $500 rebate available to customers so be sure to take advantage of that. Keep in mind that the 2010 Prius is out, so you can probably save some cash by going for the 09 model. In any case, gas prices here in the US have gone up about 40% in the last few weeks, so the Prius could potentially have very good resale value if our prices start climbing up into last years $4-$5 range. Something to think about…

2009 Toyota Prius

2009 Toyota Prius 5dr HB
24-month | 15k miles | residual 68% | .00275 base money factor
36-month | 15k miles | residual 61% | .00275 base money factor
48-month | 15k miles | residual 52% | .00275 base money factor
60-month | 15k miles | residual 42% | .00275 base money factor

09 Nissan 370Z Lease Rates – May 2009

logo_nissanMy Take: Today, I’m going to be posting all of the cars that I don’t recommend as a lease, therefore, I wouldn’t be posting any payment estimates for them. Instead I will focus on discussing their potential as “purchases”, assuming there are some good incentives going on. To start things off, we have the Nissan 370Z, which is a big DO NOT LEASE this month. As a matter of fact, it is also a bit DO NOT BUY candidate. There are no incentives of any kind on this car, plus TMV is suggesting maybe about $1000 off MSRP. Yes, I know TMV is crap, but it does give us a high-level overview as to how this car is selling. Of course, depending on your market, you may have some luck, so I wouldn’t hesitate trying. The car is gorgeous and the interior is refined. I would even say it’s Infiniti-esque. Nissan posted their first loss since their CEO Carlos Ghosn took over Nissan, so if you are not in a hurry, I would just sit tight and see what they do to sweeten the deals in the coming months.

2009 Nissan 370Z

2009 Nissan 370Z Coupe
24-month | 15k miles | residual 64% | .00325 base money factor
36-month | 15k miles | residual 57% | .00325 base money factor
48-month | 15k miles | residual 47% | .00325 base money factor
60-month | 15k miles | residual 40% | .00325 base money factor

2009 Nissan 370Z Coupe Touring
24-month | 15k miles | residual 62% | .00325 base money factor
36-month | 15k miles | residual 56% | .00325 base money factor
48-month | 15k miles | residual 46% | .00325 base money factor
60-month | 15k miles | residual 39% | .00325 base money factor