Residual

June 2008 Lease Rates for 08 Acura TSX

Published by G

36mo/15k – money factor .00235 – residual 66%

My Take: If you missed out on the lease support back in April then you are pretty much out of luck. The official word is that the MF has jumped to Honda’s “awesome” standard rate, which means you’ll be paying WAY MORE than back in April. There is a $1000 cash incentive (maybe $1500, not 100% sure) floating around, but highly doubt that will do much for you. The 2008 models have ended production and the 2009 models are out and fully redesigned, so this move isn’t exactly unexpected. Inventory on the ’08s is probably limited at this point, so if you are looking for one (specially a manual), it won’t be easy. As for the car, it is a very solid machine, well equipped and has a very smooth ride. The handsfree system isn’t very good and the engine could use more torque, but I can’t complain about the gas mileage. I was averaging 26 MPG on mixed driving. Contrary to popular belief, this car does NOT NEED Premium gas, it is actually optional.

June 2008 Lease Rate for Infiniti G35/G37

Published by G

2008 Infiniti G35 Journey Sedan
24 Month/12k miles/yr – Residual 70% of MSRP – .00126 Base Rate
36 Month/12k miles/yr – Residual 60% of MSRP – .00150 Base Rate

2008 Infiniti G35 Sport Sedan
24 Month/12k miles/yr – Residual 69% of MSRP – .00126 Base Rate
36 Month/12k miles/yr – Residual 59% of MSRP – .00150 Base Rate

2008 Infiniti G35 X Sedan
24 Month/12k miles/yr – Residual 71% of MSRP – .00131 Base Rate
36 Month/12k miles/yr – Residual 61% of MSRP – .00150 Base Rate

2008 Infiniti G37 Coupe
24 Month/12k miles/yr – Residual 74% of MSRP – .00184 Base Rate
36 Month/12k miles/yr – Residual 63% of MSRP – .00192 Base Rate
39 Month/15k miles/yr – Residual 61% of MSRP – .00190 Base Rate

2008 Infiniti G37 Journey Coupe
24 Month/12k miles/yr – Residual 72% of MSRP – .00184 Base Rate
36 Month/12k miles/yr – Residual 62% of MSRP – .00192 Base Rate

2008 Infiniti G37 Sport Coupe
24 Month/12k miles/yr – Residual 74% of MSRP – .00184 Base Rate
36 Month/12k miles/yr – Residual 63% of MSRP – .00192 Base Rate

You should be able to estimate the residuals for the G35/G37 journey and sport (+/- 1% or 2%) by looking at the other numbers posted.

My Take: As you probably noticed, the rates are exactly the same as in May. This offer is good until June 30th. After that, who knows. I can’t say the rates are THE BEST ones for the year. They could be better, then again, they could be worse. Expect a drop of 1-2% in the residual in July/August, but I’m pretty sure IFS will lower the MF to compensate for the loss in residual value. Whether that will yield better numbers than May/June, NO CLUE. Just know that the later you lease, the lower the residual. As you all know, if you can afford the gas prices, this car is FUN to own. I’m personally having a blast with it.  Although, $4.29+ per gallon really sucks…specially since this car has a 20 gallon tank. That’s $80 bucks to fill…for now. :S

May 2008 Lease Rate for 08 VW Jetta

Published by G

Jetta GLI
36mo/15k miles per year – residual 52% – money factor .00050

Jetta S
36mo/15k miles per year – residual 57% – money factor .00111

cash incentive: $1000

My Take: The New(er) Jetta has grown up compared to the last generation. Much like the new Accord, the Jetta has put on some weight and expanded both in length and width. (Sounds like me as I get older). The money factor is very good right now, the $1000 cash incentive is icing on the cake. The residual on the GLI could be better, but your money factor is next to nothing.  If you can negotiate a good selling price, this is not a bad ride to get. VW is pretty much pitching the $1000 as “sign and drive”, so they just use the cash incentive to cover your drive-off. Not bad if you want to get into a ride with no money to start.

March 2008 Lease Rate for 08 Mercedes Benz CL-Class

Published by G

2008 Mercedes CL550 Coupe
24 Month – Residual 59% of MSRP – .00365 Base Rate
36 Month – Residual 50% of MSRP – .00330 Base Rate
48 Month – Residual 43% of MSRP – .00330 Base Rate
60 Month – Residual 37% of MSRP – .00330 Base Rate

2008 Mercedes CL600 Coupe
24 Month – Residual 50% of MSRP – .00365 Base Rate
36 Month – Residual 43% of MSRP – .00330 Base Rate
48 Month – Residual 37% of MSRP – .00330 Base Rate
60 Month – Residual 32% of MSRP – .00330 Base Rate

2008 Mercedes CL63 AMG Coupe
24 Month – Residual 54% of MSRP – .00365 Base Rate
36 Month – Residual 47% of MSRP – .00330 Base Rate
48 Month – Residual 40% of MSRP – .00330 Base Rate
60 Month – Residual 35% of MSRP – .00330 Base Rate

2008 Mercedes CL65 V12 AMG Coupe
24 Month – Residual 49% of MSRP – .00365 Base Rate
36 Month – Residual 43% of MSRP – .00330 Base Rate
48 Month – Residual 37% of MSRP – .00330 Base Rate
60 Month – Residual 32% of MSRP – .00330 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’ve never been a big fan of the CL. I never found that car to be sporty enough to be called a coupe. Think of it as a 2-door alternative to the E-Class, which I prefer over the CL quite frankly. Personally, I wouldn’t lease the CL this month. The rates are way too high and the residuals are terribly low, making your payments insanely high. There are better cars to be had at that price tag if you ask me. This seems to be ongoing theme this month for Mercedes Benz in general.

May 2008 Lease Rate 08 Audi R8

Published by G

2008 Audi R8 6-speed
24 Month – Residual 58% of MSRP – .00302 Base Rate
36 Month – Residual 50% of MSRP – .00302 Base Rate
48 Month – Residual 42% of MSRP – .00322 Base Rate
** This is a special 10K mi/year **

2008 Audi R8 R tronic
24 Month – Residual 57% of MSRP – .00302 Base Rate
36 Month – Residual 49% of MSRP – .00302 Base Rate
48 Month – Residual 41% of MSRP – .00322 Base Rate
** This is a special 10K mi/year **

*Lease rates from Tarry Shebesta at LeaseCompare.com

My Take: Aside for that carbon fiber panel on the side of the car, this ride is HOT!!! Not sure I want to pay a money factor of .00302 though, specially considering the residual is so low. The car is oh so SWEET though, I think I’d buy it if I had the money. There should be a convertible coming soon, now that’s a fun car for SoCal summers.

May 2008 Lease Rate for 08 BMW Z4

Published by G

2008 BMW Z4 3.0si Coupe
24 Month – Residual 61% of MSRP – .00200 Base Rate
36 Month – Residual 51% of MSRP – .00200 Base Rate
48 Month – Residual 35% of MSRP – .00258 Base Rate
60 Month – Residual 27% of MSRP – .00258 Base Rate

2008 BMW Z4 3.0i Convertible
24 Month – Residual 70% of MSRP – .00210 Base Rate
36 Month – Residual 60% of MSRP – .00210 Base Rate
48 Month – Residual 35% of MSRP – .00258 Base Rate
60 Month – Residual 28% of MSRP – .00258 Base Rate

2008 BMW Z4 3.0si Convertible
24 Month – Residual 70% of MSRP – .00210 Base Rate
36 Month – Residual 60% of MSRP – .00210 Base Rate
48 Month – Residual 34% of MSRP – .00258 Base Rate
60 Month – Residual 28% of MSRP – .00258 Base Rate

2008 BMW Z4 M Coupe
24 Month – Residual 66% of MSRP – .00200 Base Rate
36 Month – Residual 56% of MSRP – .00200 Base Rate
48 Month – Residual 35% of MSRP – .00258 Base Rate
60 Month – Residual 28% of MSRP – .00258 Base Rate

2008 BMW Z4 M Convertible
24 Month – Residual 66% of MSRP – .00200 Base Rate
36 Month – Residual 56% of MSRP – .00200 Base Rate
48 Month – Residual 37% of MSRP – .00258 Base Rate
60 Month – Residual 30% of MSRP – .00258 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 really don’t have much of a take on this car. It’s been quite some time since the last redesign (about 4 years), so there really isn’t much to get excited about a $40,000+ roaster that looks a bit aged. The rates are pretty low (by BMW standards) and the residual is relatively decent. Leasing this looks be in the $500+ a month range with 1st month + fees due at signing. I personally, I rather have my G37 for $100 bucks less a month, even if its not a convertible.

May 2008 Lease Rate for 08 BMW X6

Published by G

2008 BMW X6 xDrive35i Wagon
24 Month – Residual 62% of MSRP – .00258 Base Rate
36 Month – Residual 51% of MSRP – .00258 Base Rate
48 Month – Residual 41% of MSRP – .00258 Base Rate
60 Month – Residual 34% of MSRP – .00258 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: No surprise here. The X6 is brand spanking new model that just came out this year. The residual is a poor guess attempt, while the lease rate is only good for folks pulling 6-figures (or more). I get the distinct feeling this car may not sell very well. It IS a wagon, no matter how you hard BMW tries to make it “sporty”. Last time wagons were popular was back in the 70-80s. I remember my mom’s “dream car” was a station wagon. Haahaa. Yeah, enough said.

May 2008 Lease Rate for 08 BMW X5

Published by G

2008 BMW X5 3.0si 4WD SUV
24 Month – Residual 63% of MSRP – .00250 Base Rate
36 Month – Residual 53% of MSRP – .00250 Base Rate
48 Month – Residual 42% of MSRP – .00258 Base Rate
60 Month – Residual 35% of MSRP – .00258 Base Rate

2008 BMW X5 4.8i 4WD SUV
24 Month – Residual 65% of MSRP – .00225 Base Rate
36 Month – Residual 55% of MSRP – .00225 Base Rate
48 Month – Residual 36% of MSRP – .00258 Base Rate
60 Month – Residual 29% of MSRP – .00258 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 X5 is the gold standard (in my opinion) of crossover SUVs. An SUV that’s elegant, plush and drives like a car. Residual, for an SUV look pretty good. The rates are bit high, but this a BMW after all. Looks like the 4.8i leases a bit better than the 3.0 model, though.