Residual

July 2008 Lease Rate for 08 Toyota RAV4

Published by G

My Take: Looks like the RAV4 is looking like a good lease this month. Specially the 4WD V6 model. Here’s a estimation of payments using a fully loaded Limited 4WD V6 model.

  • MSRP: $33829 ($32829 with $1000 customer rebate)
  • Invoice: $30123 ($29123 with $1000 customer rebate)
  • Term: 36mo/12k

Monthly Payments Range: $245 (plus tax) at invoice + rebate, $352 (plus tax) at MSRP + rebate. (Plus inception fees).

Not too bad. Good $100 range depending on your negotiation skills.

2008 Toyota RAV4 4WD Limited V6
24 Month – Residual 68% of MSRP – .00093 Base Rate
36 Month – Residual 61% of MSRP – .00093 Base Rate
48 Month – Residual 53% of MSRP – .00255 Base Rate
60 Month – Residual 45% of MSRP – .00255 Base Rate

2008 Toyota RAV4 4WD Sport V6
24 Month – Residual 68% of MSRP – .00093 Base Rate
36 Month – Residual 61% of MSRP – .00093 Base Rate
48 Month – Residual 53% of MSRP – .00255 Base Rate
60 Month – Residual 45% of MSRP – .00255 Base Rate

2008 Toyota RAV4 4WD V6
24 Month – Residual 70% of MSRP – .00093 Base Rate
36 Month – Residual 63% of MSRP – .00093 Base Rate
48 Month – Residual 55% of MSRP – .00255 Base Rate
60 Month – Residual 47% 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 Nissan Rogue

Published by G

My Take: The residual value looks a bit inflated (good thing), while the MF looks rather “standard” (higher than I’d personally prefer). Assuming the following:

  • Rogue S AWD, fully loaded. (seems to be the better rates).
  • 36mo/12k term
  • MSRP $22195, $21695 after $500 rebate.
  • Invoice $21073, $20573 after $500 rebate.

Monthly payments should be around: $286 (plus tax) at invoice – rebate, $320 (plus tax) at MSRP – rebate, plus inception fees (1st month + fees).

2008 Nissan Rogue S 2WD
24 Month – Residual 71% of MSRP – .00250 Base Rate
36 Month – Residual 59% of MSRP – .00250 Base Rate

2008 Nissan Rogue SL 2WD
24 Month – Residual 68% of MSRP – .00250 Base Rate
36 Month – Residual 57% of MSRP – .00250 Base Rate

2008 Nissan Rogue S 4WD
24 Month – Residual 73% of MSRP – .00250 Base Rate
36 Month – Residual 61% of MSRP – .00250 Base Rate

2008 Nissan Rogue SL 4WD
24 Month – Residual 69% of MSRP – .00250 Base Rate
36 Month – Residual 58% of MSRP – .00250 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 Honda Pilot

Published by G

2008 Honda Pilot VP 4WD
24 Month – Residual 56% of MSRP – .00370 Base Rate
36 Month – Residual 48% of MSRP – .00270 Base Rate
48 Month – Residual 39% of MSRP – .00255 Base Rate
60 Month – Residual 33% of MSRP – .00270 Base Rate

2008 Honda Pilot SE 4WD
24 Month – Residual 57% of MSRP – .00370 Base Rate
36 Month – Residual 48% of MSRP – .00270 Base Rate
48 Month – Residual 39% of MSRP – .00255 Base Rate
60 Month – Residual 33% of MSRP – .00270 Base Rate

2008 Honda Pilot EX 4WD
24 Month – Residual 56% of MSRP – .00370 Base Rate
36 Month – Residual 48% of MSRP – .00270 Base Rate
48 Month – Residual 39% of MSRP – .00255 Base Rate
60 Month – Residual 32% of MSRP – .00270 Base Rate

2008 Honda Pilot EX-L 4WD
24 Month – Residual 54% of MSRP – .00370 Base Rate
36 Month – Residual 47% of MSRP – .00270 Base Rate
48 Month – Residual 38% of MSRP – .00255 Base Rate
60 Month – Residual 31% 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

My Take: As you can see, Honda isn’t exactly offering any incentives to lease the 08 Pilot anymore. Buying seems to be the ongoing theme this month. Low APR financing is making its way in from pretty much every manufacturer for all 08 models. You just might do a bit better leasing a 09 Pilot than an 08 Pilot.

July 2008 Lease Rate for 08 Volvo XC90

Published by G

2008 Volvo XC90 3.2L 5-Passenger 2WD
24 Month – Residual 52% of MSRP – .00436 Base Rate
36 Month – Residual 43% of MSRP – .00406 Base Rate
48 Month – Residual 35% of MSRP – .00378 Base Rate

2008 Volvo XC90 3.2L 5-Passenger Sunroof 2WD
24 Month – Residual 52% of MSRP – .00436 Base Rate
36 Month – Residual 43% of MSRP – .00406 Base Rate
48 Month – Residual 35% of MSRP – .00378 Base Rate

2008 Volvo XC90 3.2L 7-Passenger Sunroof 2WD
24 Month – Residual 52% of MSRP – .00436 Base Rate
36 Month – Residual 43% of MSRP – .00406 Base Rate
48 Month – Residual 35% of MSRP – .00378 Base Rate

2008 Volvo XC90 3.2L 5-Passenger AWD
24 Month – Residual 53% of MSRP – .00436 Base Rate
36 Month – Residual 44% of MSRP – .00406 Base Rate
48 Month – Residual 36% of MSRP – .00378 Base Rate

2008 Volvo XC90 3.2L 5-Passenger Sunroof AWD
24 Month – Residual 53% of MSRP – .00436 Base Rate
36 Month – Residual 44% of MSRP – .00406 Base Rate
48 Month – Residual 36% of MSRP – .00378 Base Rate

2008 Volvo XC90 3.2L 7-Passenger Sunroof AWD
24 Month – Residual 53% of MSRP – .00436 Base Rate
36 Month – Residual 44% of MSRP – .00406 Base Rate
48 Month – Residual 36% of MSRP – .00378 Base Rate

2008 Volvo XC90 V8 7-Passenger AWD
24 Month – Residual 53% of MSRP – .00436 Base Rate
36 Month – Residual 44% of MSRP – .00406 Base Rate
48 Month – Residual 36% of MSRP – .00378 Base Rate

2008 Volvo XC90 V8 Sport AWD
24 Month – Residual 53% of MSRP – .00436 Base Rate
36 Month – Residual 44% of MSRP – .00406 Base Rate
48 Month – Residual 36% of MSRP – .00378 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

My Take: Wow, I haven’t seen such bad residuals and money factors before. Ford really does try to “impress” nowadays. There is $500 in loyalty cash available (like that helps?!?), special financing for purchases 0% for 36mo, 1.9% for 48mo, 2.9% for 60mo and 3.9% for 72mo. Finally, there is $4500 worth of dealer cash “available”, meaning, that’s given out at dealer discretion. Which more than likely means the dealer will be willing to give you a substantial portion of it if you buy the car, instead of leasing it.

July 2008 Lease Rate for 09 Toyota Camry

Published by G

2009 Toyota Camry 4dr Sedan LE
24 Month – Residual 67% of MSRP – .00136 Base Rate
36 Month – Residual 60% of MSRP – .00136 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

My Take: The sweet-spot for this lease is the 36-month lease. Monthly payments should range from $251+tax at invoice to $354+tax if leased at MSRP, plus inception (1st month + fees). As you can see, there is a good $100 range between invoice pricing and MSRP pricing. So the more you can knock-off, the better.

July 2008 Lease Rate for 2008 Acura MDX

Published by G

2008 Acura MDX
24 Month – Residual 62% of MSRP – .00245 Base Rate
36 Month – Residual 53% of MSRP – .00245 Base Rate

2008 Acura MDX Sport
24 Month – Residual 57% of MSRP – .00245 Base Rate
36 Month – Residual 49% of MSRP – .00245 Base Rate

2008 Acura MDX Sport w/RES
24 Month – Residual 57% of MSRP – .00245 Base Rate
36 Month – Residual 48% of MSRP – .00245 Base Rate

2008 Acura MDX Technology
24 Month – Residual 60% of MSRP – .00245 Base Rate
36 Month – Residual 51% of MSRP – .00245 Base Rate

2008 Acura MDX Technology w/RES
24 Month – Residual 59% of MSRP – .00245 Base Rate
36 Month – Residual 50% of MSRP – .00245 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

My Take I yanked the 48mo and 60mo leases out of the post because they are pretty bad. I think I will start doing that for all posts from now on. Most cars may yield lower monthly payments on a 48+ month lease, but the maintenance costs that come with driving a 4-year old car pretty much wipe out those savings. A quick glance pretty much tells me that Acura providing any lease support on the MDX, too bad because these SUVs are pretty sweet. You may want to wait until next month to see if the numbers improve.

July 2008 Lease Rate for 08 Nissan Altima

Published by G

2008 Nissan Altima S Sedan
24 Month – Residual 64% of MSRP – .00087 Base Rate
36 Month – Residual 55% of MSRP – .00087 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

My Take The Altima’s 24-36mo leases are looking pretty decent right now. Remember that your residual value jump 2% from the posted numbers if you choose to go with the 12k mile yearly allowance instead of the 15k, which can save you substantial amounts of cash.

July 2008 Lease Rate for 2009 Nissan Maxima

Published by G

2009 Nissan Maxima S
24 Month – Residual 70% of MSRP – .00250 Base Rate
36 Month – Residual 59% of MSRP – .00250 Base Rate
48 Month – Residual 48% of MSRP – .00270 Base Rate
60 Month – Residual 41% of MSRP – .00270 Base Rate

2009 Nissan Maxima SV
24 Month – Residual 66% of MSRP – .00250 Base Rate
36 Month – Residual 56% of MSRP – .00250 Base Rate
48 Month – Residual 45% of MSRP – .00270 Base Rate
60 Month – Residual 38% 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

My Take: Since the Maxima is all-new for the 2009 model year, don’t expect the lease rates to be low right now. I would give it a few months and see if they improve. I think there are other better alternatives on the road right now, like the Altima.