Author: G

November 2008 Lease Rate for 08 Porsche Cayman

Published by G

My Take: Low residual and high money factors for the Porsche Cayman = bad lease deal. I haven’t seen a good deal on any Porsche this year and it doesn’t look like that’s going to change any time soon. The two year leases are a joke! Residual value is actually LOWER on the 24 month lease than the 36 month lease.

QUICK LINKS:

LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2008 Cayman
24 Month – Residual 55% of MSRP – .00280 Base Rate
36 Month – Residual 57% of MSRP – .00280 Base Rate
48 Month – Residual 40% of MSRP – .00280 Base Rate
60 Month – Residual 33% of MSRP – .00280 Base Rate

2008 Cayman S
24 Month – Residual 53% of MSRP – .00280 Base Rate
36 Month – Residual 55% of MSRP – .00280 Base Rate
48 Month – Residual 38% of MSRP – .00280 Base Rate
60 Month – Residual 31% of MSRP – .00280 Base Rate

2008 Cayman S Design Edition
24 Month – Residual 49% of MSRP – .00280 Base Rate
36 Month – Residual 51% of MSRP – .00280 Base Rate
48 Month – Residual 34% of MSRP – .00280 Base Rate
60 Month – Residual 27% of MSRP – .00280 Base Rate

Rates provided by Leasecompare.com

November 2008 Lease Rate for 09 Nissan Maxima

Published by G

My Take: There was a slight drop in the money factor on the SV and S model this month. The SV model retained the same residual from October, while the S model dropped by 1%. This makes the payments on the S model about the same as last month, while the SV gets a slight discount. I still feel that the money factor is too high (6.192% APR) considering how low interest rates are nowadays. If you can’t wait, this month is certainly better than the last, however, I feel that there is still some room to drop.

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  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
09 Nissan Maxima SV $30,792 $33,555 $470 $444 $593 $528

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.
  • Yellow boxes denotes “lowest” lease payments for each car.

2009 Nissan Maxima SV
24 Month – Residual 68% of MSRP – .00258 Base Rate
36 Month – Residual 58% of MSRP – .00258 Base Rate
48 Month – Residual 44% of MSRP – .00335 Base Rate
60 Month – Residual 38% of MSRP – .00335 Base Rate

QUICK LINKS:
LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2009 Nissan Maxima S
24 Month – Residual 70% of MSRP – .00258 Base Rate
36 Month – Residual 61% of MSRP – .00258 Base Rate
48 Month – Residual 47% of MSRP – .00335 Base Rate
60 Month – Residual 40% of MSRP – .00335 Base Rate

Rates provided by Leasecompare.com

November 2008 Lease Rate for 09 VW GTI and Jetta

Published by G

My Take: The 09 GTI is looking like a good lease this month, with a fairly high residual and reasonable money factor. There’s up to $400 worth of dealer contribution towards a lease, so keep that in mind during your negotiations. Equipped to my liking (meaning everything) on a 36 month/ 12k mile lease at invoice ($31,712), the GTI would run about $421 + tax per month with inception due at signing. Pretty expensive if you ask me, I would probably advice being “cautious” with your options because it adds up quick. The 4-door version costs a bit more since the price tag is a 1000 to 2000 more and the residual value drops 1%. Don’t bother with the Wolfsburg Jetta, the money factor isn’t very attractive eventhough the residual is very high.

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  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
09 Volkswagen GTi 2dr $22,084 $23,640 $376 $313 $443 $359
09 Volkswagen GTi 4dr $22,639 $24,240 $395 $327 $464 $374

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.
  • Yellow boxes denotes “lowest” lease payments for each car.

2009 Volkswagen GTi 2dr
24 Month – Residual 61% of MSRP – .00156 Base Rate
36 Month – Residual 54% of MSRP – .00156 Base Rate
48 Month – Residual 47% of MSRP – .00201 Base Rate

2009 Volkswagen GTi 4dr
24 Month – Residual 60% of MSRP – .00156 Base Rate
36 Month – Residual 53% of MSRP – .00156 Base Rate
48 Month – Residual 46% of MSRP – .00201 Base Rate

QUICK LINKS:
LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2009 Volkswagen Jetta Sedan Wolfsburg AT
24 Month – Residual 68% of MSRP – .00312 Base Rate
36 Month – Residual 61% of MSRP – .00312 Base Rate
48 Month – Residual 54% of MSRP – .00332 Base Rate

Rates provided by Leasecompare.com

November 2008 Lease Rates for 09 Subaru Forrester, Toyota Corolla and Nissan Altima

Published by G

My Take: Here are three decent leases for the month for those who are budget conscious. The Forrester is looking pretty good with a starting lease of $301 and up (at invoice). One drawback is that Subaru has a VERY healthy options list which means it will quickly add up. Just make sure you get what you need and don’t get carried away. The dealer could contribute $700 towards your lease (since they are doing it as part of a special lease program). The Corolla is dirty cheap in my opinion since it’s really a “budget” car. Much cheaper to lease than a Mazda3 I think, but much less exciting to drive too. The Altima is the beefier of the group so it has a steeper price tag. Even so, there’s $750 in rebates available which should drive down the costs a bit. Again, all these estimates are based on stock models, so the more options you add, the pricier it gets. The residual and money factors look pretty good for 36-month leases so they are worth a look before the end of the month.

Got questions? Post it on the RIDE Auto Forum! Sign up HERE. If you like the site and would like to receive my latest posts, you may want to consider subscribing to our newsletter on a reader or have it delivered to your email.

  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
09 Subaru Forester 2.5X Premium $21,836 $23,160 N/A $301 N/A $340
2009 Corolla $15,658 $16,870 N/A $200 N/A $236
09 Nissan Altima 3.5 SL Sedan $27,916 $30,075 N/A $354 N/A $418

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.
  • Yellow boxes denotes “lowest” lease payments for each car.

2009 Subaru Forester 2.5X Premium
36 Month – Residual 57% of MSRP – .00175 Base Rate

2009 Corolla
36 Month – Residual 59% of MSRP – .00163 Base Rate

2009 Nissan Altima 3.5 SL Sedan
36 Month – Residual 60% of MSRP – .00174 Base Rate

QUICK LINKS:
LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

November 2008 Lease Rate for 08/09 Porsche Cayenne

Published by G

My Take: I’m sure someone out there could make use of these Porsche Cayenne lease rates. Nothing to get too excited about here, the residual and money factor are less than perfect, so unless you have deep pockets, you may want to pass on this car.

QUICK LINKS:

LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2009 Cayenne Turbo
24 Month – Residual 52% of MSRP – .00280 Base Rate
36 Month – Residual 45% of MSRP – .00280 Base Rate
48 Month – Residual 37% of MSRP – .00280 Base Rate
60 Month – Residual 30% of MSRP – .00280 Base Rate

2008 Cayenne V6 4WD
24 Month – Residual 56% of MSRP – .00280 Base Rate
36 Month – Residual 56% of MSRP – .00280 Base Rate
48 Month – Residual 41% of MSRP – .00280 Base Rate
60 Month – Residual 34% of MSRP – .00280 Base Rate

2008 Cayenne S 4WD
24 Month – Residual 51% of MSRP – .00280 Base Rate
36 Month – Residual 49% of MSRP – .00280 Base Rate
48 Month – Residual 36% of MSRP – .00280 Base Rate
60 Month – Residual 29% of MSRP – .00280 Base Rate

2008 Cayenne GTS Manual 4WD
24 Month – Residual 48% of MSRP – .00280 Base Rate
36 Month – Residual 45% of MSRP – .00280 Base Rate
48 Month – Residual 33% of MSRP – .00280 Base Rate
60 Month – Residual 26% of MSRP – .00280 Base Rate

2008 Cayenne GTS Tiptronic 4WD
24 Month – Residual 48% of MSRP – .00280 Base Rate
36 Month – Residual 45% of MSRP – .00280 Base Rate
48 Month – Residual 33% of MSRP – .00280 Base Rate
60 Month – Residual 26% of MSRP – .00280 Base Rate

Rates provided by Leasecompare.com

November 2008 Lease Rate for 09 Nissan GT-R

Published by G

My Take: Ever wonder how much it would cost you to lease a Nissan GT-R? Wonder no more! For my amusing lease of the day, I decided to pop in a few numbers into the calculator and see what we would be looking at. I did this back in August for the Audi R8 and these are the numbers I got:

24mo Payment: $2693 at invoice, $3098 at MSRP
36mo Payment: $2188 at invoice, $2467 at MSRP

Now for the GT-R:

24mo Payment: $1096 at invoice, $1308 at MSRP
36mo Payment: $1089 at invoice, $1236 at MSRP

Looks pretty good to me! The problem is, you can’t get a GT-R at invoice or at MSRP for that matter. TMV suggests $10,000 markup and I’m inclined to believe that its more like 20k. I can probably lease TWO GT-Rs for the price of one R8.

QUICK LINKS:

LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2009 Nissan GT-R Base
24 Month – Residual 71% of MSRP – .00335 Base Rate
36 Month – Residual 60% of MSRP – .00335 Base Rate
48 Month – Residual 48% of MSRP – .00335 Base Rate
60 Month – Residual 40% of MSRP – .00335 Base Rate

2009 Nissan GT-R Premium
24 Month – Residual 70% of MSRP – .00335 Base Rate
36 Month – Residual 59% of MSRP – .00335 Base Rate
48 Month – Residual 47% of MSRP – .00335 Base Rate
60 Month – Residual 39% of MSRP – .00335 Base Rate

Rates provided by Leasecompare.com

November 2008 Lease Rate for 08 Land Rover LR3

Published by G

My Take: I watched the new James Bond movie this weekend and I noticed Ford spent a good chunk of their marketing cash advertising their line up. I probably saw the LR3 more than any other Ford on the film. On a side note, an old beat-up Ford Bronco got some screen time, imagine that! Anyway, Ford Credit lease rate are terrible right now, so avoid leasing through them. Go with an independent bank or find one using Leasecompare.com if you don’t have one.

Got questions? Post it on the RIDE Auto Forum! Sign up HERE. If you like the site and would like to receive my latest posts, you may want to consider subscribing to our newsletter on a reader or have it delivered to your email.

QUICK LINKS:

LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2008 Land Rover LR3 SE
24 Month – Residual 38% of MSRP – .00321 Base Rate
36 Month – Residual 31% of MSRP – .00351 Base Rate
48 Month – Residual 24% of MSRP – .00393 Base Rate

2008 Land Rover LR3 HSE
24 Month – Residual 37% of MSRP – .00321 Base Rate
36 Month – Residual 31% of MSRP – .00351 Base Rate
48 Month – Residual 23% of MSRP – .00393 Base Rate

Rates provided by Leasecompare.com

November 2008 Lease Rate for 08 Mitsubishi Lancer Evolution

Published by G

My Take: I’m not sure I can recommend leasing the Lancer EVO GSR or MR at the moment. The MF is rather tempting on the GSR, but don’t let it fool you, it still will cost you upwards of $600 if you want options. The better alternative is to buy using the 0% financing plus the $500 loyalty and $500 military rebates available if you qualify.

Got questions? Post it on the RIDE Auto Forum! Sign up HERE. If you like the site and would like to receive my latest posts, you may want to consider subscribing to our newsletter on a reader or have it delivered to your email.

QUICK LINKS:

LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2008 Mitsubishi Lancer Evolution GSR
24 Month – Residual 63% of MSRP – .00129 Base Rate
36 Month – Residual 54% of MSRP – .00320 Base Rate
48 Month – Residual 44% of MSRP – .00320 Base Rate
60 Month – Residual 37% of MSRP – .00320 Base Rate

2008 Mitsubishi Lancer Evolution MR
24 Month – Residual 58% of MSRP – .00320 Base Rate
36 Month – Residual 50% of MSRP – .00320 Base Rate
48 Month – Residual 41% of MSRP – .00320 Base Rate
60 Month – Residual 34% of MSRP – .00320 Base Rate

Rates provided by Leasecompare.com