Residual

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

July 2008 Lease Rate for 09 Toyota Corolla

Published by G

My Take: ’09 Corollas will probably be difficult to get at invoice. Edmund’s TMV reports only about $300 off MSRP. Then again, I take Edmund’s TMV with grain of salt. Here are the numbers on a very well equipped ’09 Corolla LE.

  • MSRP $20,805
  • Invoice $18,449
  • Standard inception fees plus taxes
  • Rates in BOLD

Monthly Payment $218 at invoice, $288 at MSRP, $275 at TMV.

If you tack on your local taxes, you’ll be paying over $300 a month over 36 months at MSRP and TMV. Would I lease it? Probably not, I’d rather buy it since it’s a relatively inexpensive car.

Toyota Corolla LE
36mo/15k – residual 61% – money factor .00188

July 2008 Lease Rate for 08 Toyota Tundra

Published by G

My Take: Looks like Toyota is trying to push their Tundra trucks on leases. The 24mo and 36mo rates seem to be the winners here. I’ve never been a big fan of trucks. Is not that I don’t find them useful, they are very practical after all. The main issue is that when you become a truck owner, and everyone you know knows this, you become the designated “mover” or “truck lender” among your friends and family. Eh, no thanks. So lets take a look at the numbers shall we?

  • Limited 4dr CrewMax Cab SB (5.7L) with moonroof, running boards, tow mirrows and TRD offroad pkg.
  • MSRP $40,140
  • Invoice $36,367
  • Using rates in BOLD
  • Standard inception fees apply, taxes not included.

24 Month Payments: $585 at invoice, $744 at MSRP
36 Month Payments: $479 at invoice, $586 at MSRP

Wow, never knew trucks could cost so much. In any case, the 36-month lease seems to look significantly better than the 24-month lease. You can probably opt for a “cheaper” model and the payments should drop further.

2008 Toyota Tundra CrewMax 5.7L 2WD
24 Month – Residual 58% of MSRP – .00066 Base Rate
36 Month – Residual 51% of MSRP – .00066 Base Rate
48 Month – Residual 40% of MSRP – .00255 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

July 2008 Lease Rate for 08 Infiniti FX35

Published by G

My Take: Just when we thought the Lexus’ residuals were low, Infiniti’s FX seems to take it one step lower. Unexpectedly, it doesn’t seem like there is any lease support for these vehicles. Lets see what the numbers look like on a FX35 AWD with Tech, Sport and Towing hitch.

  • MSRP $48,045
  • Invoice $43,769
  • Terms in BOLD, below
  • Standard inception fees apply, taxes not included.

24 Month Payments: $835 at invoice, $1004 at MSRP
36 Month Payments: $723 at invoice, $852 at MSRP

WOW! this hurts just typing it. The slightly better news is that you can probably get this car for under invoice…how much? Not sure, but Edmunds’ TMV shows around $3200 under invoice (in So Cal). Keep in mind that Edmunds’ TMV varies from zip code to zip code and also takes in consideration purchases, not just leases. Assuming TMV, the payment range is around: $675 for 24 months and $627 for 36 months. That’s much  better, but not quite a “deal” since taxes are not included.

2008 Infiniti FX35 2WD
24 Month – Residual 58% of MSRP – .00240 Base Rate
36 Month – Residual 47% of MSRP – .00240 Base Rate

2008 Infiniti FX35 AWD
24 Month – Residual 59% of MSRP – .00240 Base Rate
36 Month – Residual 49% of MSRP – .00240 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

July 2008 Lease Rate for 08 Lexus ES350

Published by G

My Take: The ES350 has some low MF’s for July. The Residual is fairly low though, so any savings you may have gotten from the low MF is pretty much offset by depreciation. Lets take a ES350 (with Premium Plus & Navi) and see how the numbers look:

  • MSRP $40,075
  • Invoice $35,366
  • Standard Inception Fees
  • Using terms in bold for ES350 sedan, see below.

24 month payments: $574 at invoice, $775 at MSRP
36 month payments: $476 at invoice, $611 at MSRP

The more expensive the car, the bigger the range. Clearly, the 36mo terms are better on the ES350. Just be careful if you decide to go with the ES350, there many options on this car and fairly expensive ones, so payments can get out of control very quickly.

2008 Lexus ES350 Sedan
24 Month – Residual 57% of MSRP – .00090 Base Rate
36 Month – Residual 50% of MSRP – .00090 Base Rate
48 Month – Residual 41% of MSRP – .00190 Base Rate
60 Month – Residual 32% of MSRP – .00245 Base Rate

2008 Lexus ES350 Ultra-Luxury Sedan
24 Month – Residual 55% of MSRP – .00090 Base Rate
36 Month – Residual 48% of MSRP – .00090 Base Rate
48 Month – Residual 39% of MSRP – .00090 Base Rate
60 Month – Residual 30% of MSRP – .00245 Base Rate