UPDATE Here are the rest of the 2010 Prius lease rates. The residuals are just insanely high. Imagine a car that holds 50% of it’s value over a 5 year period! I guess we’ll see if that’s the true resale value of the Prius in the next few years.
My Take: Toyota is not exactly offering a “deal” on these Priuses due to the high demand. Despite the crap economy, Toyota is still pumping out the better hybrid that people want (sorry Honda). In any case, gas prices are going up (I filled up at $3.19 per gallon last friday and it cost me $55 bucks to fill the tank, damn), which reminds us that we could hit $5.00 gas once again. However, overpaying for a hybrid is not really a great idea.
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2010 Toyota Prius
2010 Toyota Prius II
24-month | 15k miles | residual 74% | .00255 base money factor
36-month | 15k miles | residual 67% | .00255 base money factor
48-month | 15k miles | residual 59% | .00255 base money factor
60-month | 15k miles | residual 50% | .00255 base money factor
2010 Toyota Prius III
24-month | 15k miles | residual 74% | .00255 base money factor
36-month | 15k miles | residual 67% | .00255 base money factor
48-month | 15k miles | residual 59% | .00255 base money factor
60-month | 15k miles | residual 50% | .00255 base money factor
2010 Toyota Prius IV
24-month | 15k miles | residual 74% | .00255 base money factor
36-month | 15k miles | residual 67% | .00255 base money factor
48-month | 15k miles | residual 59% | .00255 base money factor
60-month | 15k miles | residual 50% | .00255 base money factor
2010 Toyota Prius V
24-month | 15k miles | residual 74% | .00255 base money factor
36-month | 15k miles | residual 67% | .00255 base money factor
48-month | 15k miles | residual 59% | .00255 base money factor
60-month | 15k miles | residual 50% | .00255 base money factor
My Take: Those are some pretty bad residual values on the MDX this month. I’m not liking the money factor either, is still too high for my taste. Invoice price (or below it) should be attainable for the most part, but I’m not seeing any cash incentives that would sweeten the deal a bit more. This is certainly a nice SUV, but not really recommended if you plan to lease.
My Take: Holy Bad Money Factors Batman! Did you see that? .00347 MF!!! with the lowest being only .00270 on the Luxury E350, E550 and E550 Sport. Residuals are pretty good though, for Benz. My recommendation is to wait it out. The car just came out, so its going to take a few disappointing months for MBZFS to bring things down a bit.
My Take: Who wasn’t to overpay for a Honda Insight? Not you. Residual might be high, but the money factor isn’t very attractive. Of course, with a reasonably low price tag and high residual, the payments may very well remain “reasonable” despite the higher money factor. I still think it looks too much like a Prius, which prompts me to ask this question…Why get an a wannabe Prius, when you can just get the Prius?
UPDATED Clubman S added! Still looking for the convertibles.
My Take: As I mentioned before in the VW CC post, it seems VW is going the “Lease-to-Buy” route, with these lower residual values/lower money factors. Normally, I wouldn’t mind owning a VW, but their reputation for quality is a bit “spotty”, so I would probably think twice about leasing the car and buying it out at lease end. Factor in the fact that VWs have only 36-month bumper -to-bumper warranty and you really have to think long and hard about this before you pull the trigger. I guess I probably would do this as a 3rd car, but not so much as a daily driver.
My Take: Looks like Subaru is offering a decent lease on the Impreza i models this month. Not exactly a “deal” but certainly good enough to consider, should you be looking for a wagon with AWD capabilities. If the residual were 3% higher on a 15k mile lease, I think the car would definitely be a “hotter” lease this month.