Residual

June 2008 Lease Rate for 08 VW Touareg

Published by G

Volkswagen Touareg V6 4WD
24 Month – Residual 58% of MSRP – .00024 Base Rate
36 Month – Residual 49% of MSRP – .00024 Base Rate
48 Month – Residual 41% of MSRP – .00076 Base Rate

Volkswagen Touareg V8 4WD
24 Month – Residual 54% of MSRP – .00024 Base Rate
36 Month – Residual 45% of MSRP – .00024 Base Rate
48 Month – Residual 37% of MSRP – .00076 Base Rate

Volkswagen Touareg V10 TDI 4WD
24 Month – Residual 58% of MSRP – .00163 Base Rate
36 Month – Residual 49% of MSRP – .00163 Base Rate
48 Month – Residual 41% of MSRP – .00193 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: Three years ago, it used to hurt every time you had to gas up a Touareg …with today’s gas prices, I think it pretty much kills family budgets, ruins vacation plans and makes grown men cry. So what is the consolidation price? Ultra-low MF for those looking to lease one of this gas-thirsty urban family haulers. Doesn’t seem to help all that much since the residual values are terrible.

June 2008 Lease Rate for 08 VW GTI

Published by G

Volkswagen GTI 4dr Hatchback
24 Month – Residual 60% of MSRP – .00085 Base Rate
36 Month – Residual 51% of MSRP – .00085 Base Rate
48 Month – Residual 43% of MSRP – .00128 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 MF for the GTI is looking pretty good right now, even for the 48mo lease. The residuals aren’t very good since the 2009 models have arrived. Expect payments around $350+tax with no money down for a well equipped model on a 36mo/12k lease and $330+tax on a 48mo/12k lease.

June 2008 Lease Rate for 08 Mini Cooper

Published by G

2008 Mini Cooper Coupe
24 Month – Residual 77% of MSRP – .00219 Base Rate
36 Month – Residual 66% of MSRP – .00219 Base Rate
48 Month – Residual 55% of MSRP – .00219 Base Rate

2008 Mini Cooper Coupe S
24 Month – Residual 73% of MSRP – .00219 Base Rate
36 Month – Residual 63% of MSRP – .00219 Base Rate
48 Month – Residual 52% of MSRP – .00219 Base Rate

2008 Mini Cooper Coupe Clubman
24 Month – Residual 74% of MSRP – .00219 Base Rate
36 Month – Residual 64% of MSRP – .00219 Base Rate
48 Month – Residual 53% of MSRP – .00219 Base Rate

2008 Mini Cooper Coupe Clubman S
24 Month – Residual 73% of MSRP – .00219 Base Rate
36 Month – Residual 62% of MSRP – .00219 Base Rate
48 Month – Residual 51% of MSRP – .00219 Base Rate

2008 Mini Cooper Convertible
24 Month – Residual 67% of MSRP – .00219 Base Rate
36 Month – Residual 58% of MSRP – .00219 Base Rate
48 Month – Residual 48% of MSRP – .00219 Base Rate

2008 Mini Cooper Convertible S
24 Month – Residual 68% of MSRP – .00219 Base Rate
36 Month – Residual 58% of MSRP – .00219 Base Rate
48 Month – Residual 48% of MSRP – .00219 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 MF for all Mini’s is pretty much the same across the board, which is a good thing. It’s probably not the lowest MF, but it isn’t as ridiculous as GMAC’s. Strong residual values make this car a very attractive lease. These cars may be priced reasonably, but when you start tacking on the options, it gets expensive very quickly.

June 2008 Lease Rate for 08 Nissan Murano

Published by G

Nissan Murano S AWD
24 Month – Residual 70% of MSRP – .00240 Base Rate
36 Month – Residual 58% of MSRP – .00240 Base Rate
48 Month – Residual 48% of MSRP – .00260 Base Rate

Nissan Murano SL AWD
24 Month – Residual 64% of MSRP – .00240 Base Rate
36 Month – Residual 54% of MSRP – .00240 Base Rate
48 Month – Residual 44% of MSRP – .00260 Base Rate

Nissan Murano LE AWD
24 Month – Residual 61% of MSRP – .00240 Base Rate
36 Month – Residual 51% of MSRP – .00240 Base Rate
48 Month – Residual 42% of MSRP – .00260 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: Not the best time to lease a Murano right now due to the lack of lease support from Nissan. The residuals are fairly high, which is great, however, the money factors are pretty high too. Expect monthly payments in the $450-$550 range assuming a $35,000 price tag.

June 2008 Lease Rate for 08 Audi A4 Avant

Published by G

Audi A4 2.0T SE quattro Avant
24 Month – Residual 57% of MSRP – .00023 Base Rate
36 Month – Residual 49% of MSRP – .00023 Base Rate
48 Month – Residual 43% of MSRP – .00282 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 Avant is pretty much a fancy word for “Wagon”. If there is a wagon worth getting though, its the A4 (the S4 would be ideal). I’m rather surprised how low the residual value of the Avant is for 36-months. It barely cracks 50% in 36months (based on a 12k mile/yr lease). I guess Audi Financial Services’ low money factor helps keep the price reasonable, but I’m still expecting a $500+ monthly payment plus inception fees.

June 2008 Lease Rate for 08 Honda Civic Si

Published by G

2008 Honda Civic Coupe Si
24 Month – Residual 66% of MSRP – .00165 Base Rate
36 Month – Residual 58% of MSRP – .00165 Base Rate
48 Month – Residual 48% of MSRP – .00235 Base Rate
60 Month – Residual 37% 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: Now is a great time to jump into a Honda Civic Si coupe. The residual values are strong and the lease rates for 24 to 36 months are lower than the standard Honda lease rate. If you can’t drive a manual, learn, because this car only comes in manual. This is probably one of the best/quickest/fuel efficient car of its class.

June 2008 Lease Rate for 08 Honda Element

Published by G

Element EX
24mo/12k – Residual 60% – Money Factor .00350
36mo/12k – Residual 54% – Money Factor .00250
48mo/12k – Residual 45% – Money Factor .00235

Element LX
24mo/12k – Residual 63% – Money Factor .00350
36mo/12k – Residual 56% – Money Factor .00250
48mo/12k – Residual 47% – Money Factor .00235

My Take For those outdoorsmen(women) out there, you may want to hold out for better rates on the Element. There currently isn’t any lease support for these models. I personally like this car more than the Scion xB (which is really ugly in my opinion). It’s not to say that the Element is pretty, it’s not. However, Element is versatile and spacious and it comes in 4WD, which makes a it a decent alternative to compact SUVs.

June 2008 Lease Rate for Mazdaspeed3

Published by G

Mazdaspeed3 GT 4dr Hatchback
24mo/12k – residual 63% – money factor .00304
36mo/12k – residual 53% – money factor .00319

My Take: As much fun as a Mazdaspeed3 would be to drive. The lease rates and residual values seem to be as bad as can be. There are better options out there, but if you have to have this car. Maybe wait until next month to see if Mazda American Credit will introduce better money factors. These are “limited edition” rides, so there is a chance the numbers won’t look better. Hope you’re not in a hurry.