My Take: GTi rates looks pretty decent. The residual is fairly low, but so is the money factor. As a matter of fact, it is actually lower than their lowest APR for purchase financing. So leasing, is probably the cheaper option. I’ve always had a soft sport for the GTi, but the honeycomb grill needs to go. They should go with the chrome-nose that the Jettas and R32s have to keep things in the VW family more uniform. Anyway, not a bad lease-to-buy candidate, if that’s what you want. The lowest financing APR available is 3.9% for up to 36 months. There are two cash rebates for customers this month, a loyalty one worth $500 and a $1000 for any customer financing with VW. The Loyalty rebate expires tomorrow and the $1000 customer cash expires on 5/4/2009.
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| At Invoice | At MSRP | |||||
| Make/Model | Invoice | MSRP | 24-month | 36-month | 24-month | 36-month |
| 2009 Volkswagen GTi 2dr | $23,455 | $25,030 | $435 | $351 | $503 | $396 |
NOTE: Estimates assuming the following conditions:
- Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) due at signing.
- Local Taxes not included.
- 24-month/15k and 36-month/15k terms.
- All cars are stock, without any options.
- No rebates/incentives applied
2009 Volkswagen GTi
2009 Volkswagen GTi 2dr
24-month | 15k miles | residual 56% | .00113 base money factor
36-month | 15k miles | residual 49% | .00113 base money factor
48-month | 15k miles | residual 42% | .00167 base money factor
My Take: Yup, you guessed it! I’m just trying to amuse myself by doing some payment estimates on the Nissan GT-R. Don’t expect this car to go for invoice price since it’s a limited production vehicle. Another thing to note is that the 2010 GTR gets a $4000 bump in base price, so don’t expect things to get cheaper any time soon. Surprisingly enough, the residual is fairly strong. Unsurprisingly enough, the money factors stink. Gotta make money somehow, right?
My Take: The 36-month lease seems to be the better deal on the M35 this month compared to 48-month lease. I’m no seeing any dealer or customer cash on the M35 this month, however, I’m get the feeling invoice or less is fairly reasonable since M35 don’t sell as well as the Gs, FX or even the EX. Last March’s M sales figures were just shy of 900 units, whereas nearly 2900 Gs were sold on the same month. See what I mean? Anyway, a little FYI for Infinitis…you have to add 1% for 12k mile leases and 2% for 10k mile leases instead of 2% and 3% respectively.
My Take: GL money factors looks pretty good this month with the GL550 getting some major love from MB. They dropped the money factor from .00395 to .00074, which translates to thousands in savings! If you where eye-balling the GL550 these last few months, this month looks like a great time to inquire about it’s lease. If the price tag is a bit too high, check out the GL320 and GL450, they still have very good residuals and money factors, for a Mercedes.
My Take: It’s rather funny how most people associate “high resale value” with all of Honda’s cars when in reality, only a select few retain their value well. Take the Odyssey for example, this is probably the best minivan on the road, yet its residual value is a paltry 46% after 36 months. Lease residual values may poor guestimates of real resale value, but there is still some truth to them (In most cases, resale are that much better while trade-in values are much worse). The only two rides that hold value exceptionally well are the Civic and the Accord, since they are fairly inexpensive and highly sought after. Normally, I would take the time to calculate the payment estimates for these two rides, but with the money factors this high, I would recommend that you look into a purchase instead of a lease.