August 2008 Lease Rate 08 Infiniti M35

My Take: M35’s August rates are the same from July, so if you missed out last month, you still got about three weeks to jump on this. The base model’s super-low .00002 MF is looking like a good deal right now.

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  • M35 Base + Premium + Tech + Sport Packages
  • MSRP $57,365 ($59,365 – $2000)
  • Invoice $51,782 ($53,782 – $2000)
  • Standard inception fees + tax not included

2008 Infiniti M35 Sedan
24 Month – Residual 58% of MSRP – .00002 Base Rate
36 Month – Residual 48% of MSRP – .00064 Base Rate

24mo Payment: $725 at invoice, $957 at MSRP
36mo Payment: $698 at invoice, $857 at MSRP

There is a $2000 loyalty cash for leasing ($3000 for purchases). TMV reports $1500 under invoice sale price, which means the car is probably selling for $500 over invoice plus the mfg’s $2000 loyalty cash. Payments drop to $693 if you go to a 36mo/12k lease, or
$677 on a 36mo/10 lease. I know the payments look a bit high, but consider the fact this car has about 14k worth of add-ons. You could opt just the Sports Package and you’ll see your payments drop down into the high $500 territory.

  • M35 AWD + Premium + Tech
  • MSRP $57,465 ($59,465 – $2000)
  • Invoice $51,964 ($53,964 – $2000)
  • Standard inception fees + tax not included

2008 Infiniti M35 AWD Sedan
24 Month – Residual 59% of MSRP – .00024 Base Rate
36 Month – Residual 50% of MSRP – .00099 Base Rate

24mo Payment: $724 at invoice, $955 at MSRP
36mo Payment: $698 at invoice, $857 at MSRP

This is not a typo by the way, the payments are pretty darn close between the Base and AWD, assuming they are equipped the way I specified them. The major difference being the AWD doesn’t have a Sports Package. For those living in more extreme weather, this is probably going to be the better option. Just remember, take a few packages and adjust the mileage allowance a bit and you’re looking at a very attractive lease. Infinitis do come fairly well equipped even without any of the optional packages, so if payments are what matter to you, you may want to look into a base without any options (about $525 a month on a 36mo/12k term)

* 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

August 2008 Lease Rate for 08 BMW Z4

My Take: August rates are identical to the July rates for the Z4, with the 3.0i & 3.0si convertible holding the best residual and only a slight bump on the MF. I’ll be taking the 3.0i to use as an example in this case.

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  • Z4 3.0i + Premium + Sport + Navi Packages
  • MSRP $44,825
  • Invoice $41,235
  • Standard inception fees + tax
  • Lease rate in BOLD

24mo Payment: $556 at invoice, $713 at MSRP
36mo Payment: $535 at invoice, $642 at MSRP

Edmund’s TMV suggests the sale price for the 3.0i convertible to be about $900 under invoice price. If that is the case, you will be looking at monthly payments of $509. Remember use TMV as a guide, is by no means the final word on how much the Z4 (or any other car) is selling for at the moment. BMW is promoting $379 a month payments on a $38,850 MSRP model, with $3279 due at signing, for 36mo/10k miles per year. Assuming those same conditions, but using the $44,825 MSRP model I picked out, I’m looking at $474 per month with about $1600-$2000 due at signing. Not too bad if you ask me. It is still a good $100 more per month.  Taking in consideration that my model has $6k worth of optional packages, (whereas the “BMW Special” is bone stock) I think the current promotion is a raw deal. Honestly, the best thing to do now is to take advantage of the 1.9% financing that is available for up to 60 months. That’s probably the “best deal” if you ask me.

2008 BMW Z4 3.0si Coupe
24 Month – Residual 61% of MSRP – .00190 Base Rate
36 Month – Residual 51% of MSRP – .00190 Base Rate

2008 BMW Z4 3.0i Convertible
24 Month – Residual 70% of MSRP – .00200 Base Rate
36 Month – Residual 60% of MSRP – .00200 Base Rate

2008 BMW Z4 3.0si Convertible
24 Month – Residual 70% of MSRP – .00200 Base Rate
36 Month – Residual 60% of MSRP – .00200 Base Rate

2008 BMW Z4 M Coupe
24 Month – Residual 66% of MSRP – .00190 Base Rate
36 Month – Residual 56% of MSRP – .00190 Base Rate

2008 BMW Z4 M Convertible
24 Month – Residual 66% of MSRP – .00190 Base Rate
36 Month – Residual 56% of MSRP – .00190 Base Rate

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* 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

August 2008 Lease Rate for 08 BMW X5

My Take: X5 rates are down from July, while the residuals have remained steady. Good news for those of you looking to lease the X5. I’ll be examining the payments on both X5s since I suspect that they could be pretty close due to the 3.0si’s higher MF and lower residual.

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  • X5 3.0si + Sport + Tech + Premium Packages
  • MSRP $56,175
  • Invoice $51,655
  • Standard inception fees + tax
  • Lease rate in BOLD

24mo Payment: $851 at invoice, $1049 at MSRP
36mo Payment: $770 at invoice, $905 at MSRP

You can shave another $30 a month off your 36mo payments by opting for the 12k mile term. Still a very expensive SUV. TMV suggests the price to be around 2k over invoice, which should bump your payments into the mid-$800 a month range after taxes.

  • X5 4.8i + Sport + Tech + Premium Packages
  • MSRP $63,775
  • Invoice $58,655
  • Standard inception fees + tax
  • Lease rate in BOLD

24mo Payment: $892 at invoice, $1114 at MSRP
36mo Payment: $819 at invoice, $970 at MSRP

As I suspected, the price difference isn’t as much as expect. For about $40 more a month, I would go for the 4.8i over the 3.0si trims. That’s $1440 more over 3 yrs for a car that’s over $7,000 more. Sounds like the better deal to me.

2008 BMW X5 3.0si 4WD SUV
24 Month – Residual 63% of MSRP – .00200 Base Rate
36 Month – Residual 53% of MSRP – .00200 Base Rate

2008 BMW X5 4.8i 4WD SUV
24 Month – Residual 65% of MSRP – .00175 Base Rate
36 Month – Residual 55% of MSRP – .00175 Base Rate

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* 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

August 2008 Lease Rates for 08 BMW 7-Series

My Take: The 7-series rates for August remain unchanged, so nothing to sing about. Then again, if you can afford the 7-series, do you really care? Maybe, maybe not. Anyway, I’ll be using the 750Li as an example for the estimated monthly payments.

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  • 750Li + BMW Individual Composition + Vented Seats
  • MSRP $95,225
  • Invoice $86,820
  • Standard inception fees + tax
  • Lease rate in BOLD

24mo Payment: $1395 at invoice, $1764 at MSRP
36mo Payment: $1280 at invoice, $1532 at MSRP

Edmunds’ TMV suggests that the car can be leased at another $2000-$2800 under invoice. Some folks around the country have also reported at least 11k off MSRP on their leases. so it looks like payments can dip into $1272 for 24mo and $1196 for 36mo if you can go about $2800 under invoice. You can further cut that price by opting for the 12k or the 10k mileage allowances. Remember, if you are not a returning BMW customer, you may have to pay a security deposit to get the .00215 base rate.

2008 BMW 750i Sedan
24 Month – Residual 64% of MSRP – .00215 Base Rate
36 Month – Residual 54% of MSRP – .00215 Base Rate

2008 BMW 750Li Sedan
24 Month – Residual 64% of MSRP – .00215 Base Rate
36 Month – Residual 54% of MSRP – .00215 Base Rate

2008 BMW 760Li Sedan
24 Month – Residual 51% of MSRP – .00215 Base Rate
36 Month – Residual 41% of MSRP – .00215 Base Rate

2008 BMW Alpina B7 Sedan
24 Month – Residual 54% of MSRP – .00215 Base Rate
36 Month – Residual 44% of MSRP – .00215 Base Rate

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* 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

August 2008 Lease Rate for 08 Acura RDX

My Take: Word has it that AHFC is offering $2500 rebate on their RDX leases now. Not a bad time to jump into an RDX right about now. Even Edmund’s TMV is showing at least $1000 under invoice sale prices. Personally I would shoot for invoice minus the $2500 rebate. That would make for a sweet deal. I’ll be looking at the base RDX since it holds a higher residual value than the Tech.

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  • RDX (w/o Tech)
  • MSRP $31,455 ($33,955 – $2500)
  • Invoice $28,765 ($31,265 – $2500)
  • Standard inception fees + tax
  • Lease rate in BOLD

36mo Payment: $416 at invoice, $495 at MSRP

Remember, if you end up paying around $31455, the dealer pretty much leased you the car without a discount on their end. Always get the dealer to pitch in some discounts because rebates are not from the dealer, they are from the manufacturer. You want to get a little love from both parties here. Dealers may represent the manufacturer, but they are independently owned and operated. TMV is showing around $29,422 in Southern California.

2008 Acura RDX
24 Month – Residual 57% of MSRP – .00154 Base Rate
36 Month/12k – Residual 50% of MSRP – .00154 Base Rate
36 Month/15k – Residual 48% of MSRP – .00154 Base Rate

2008 Acura RDX with Tech
24 Month – Residual 55% of MSRP – .00101 Base Rate

36 Month – Residual 47% of MSRP – .00101 Base Rate

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August 2008 Lease Rate for 08 Lexus IS250

My Take: Thus far, the leasing “crisis” this month hasn’t affected German and Japanese cars, which is great news for those looking to lease an import. The MF stays relatively low on the IS250, making it cheaper to lease. The thing about the IS250 I don’t like is that it is far too expensive and underpowered for the price tag. I am not saying this is bad car, on the contrary, this car is beautifully crafted and one of the smoothest rides on the road.

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  • IS250 RWD Auto + Luxury Plus + X Package
  • MSRP $38569
  • Invoice $33581
  • Standard inception fees + tax
  • Lease rate in BOLD

36mo Payment: $373 at invoice, $515 at MSRP

Notice how huge the gap is between the MSRP and the Invoice? Talk about overpriced. The good news is that the IS250 can probably be leased close to invoice (maybe few hundred above invoice), keeping the payments in the high $300s. Keep in mind you need to pay taxes, so you either pay that up front or your payments will be more in the low-$400s. Not too bad considering Acura’s 2009 TSX leases for around the same amount. Compared to the 328i or the C300, you’d be paying hundreds less going with the TSX or the IS250 this month.

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2008 Lexus IS250 RWD (Auto)
36 Month/12k – Residual 54% of MSRP – .00055 Base Rate

More rates from Tarry:

2008 Lexus IS250 Manual Sedan
24 Month – Residual 59% of MSRP – .00080 Base Rate
36 Month – Residual 52% of MSRP – .00080 Base Rate
48 Month – Residual 43% of MSRP – .00080 Base Rate
60 Month – Residual 35% of MSRP – .00245 Base Rate

2008 Lexus IS250 Automatic Sedan
24 Month – Residual 59% of MSRP – .00080 Base Rate
36 Month – Residual 52% of MSRP – .00080 Base Rate
48 Month – Residual 43% of MSRP – .00080 Base Rate
60 Month – Residual 35% of MSRP – .00245 Base Rate

2008 Lexus IS250 AWD Sedan
24 Month – Residual 60% of MSRP – .00125 Base Rate
36 Month – Residual 54% of MSRP – .00125 Base Rate
48 Month – Residual 45% of MSRP – .00125 Base Rate
60 Month – Residual 37% of MSRP – .00225 Base Rate

August 2008 Lease Rate for 08 BMW X3

My Take: BMW has stepped up it’s leasing efforts this month by lowering the MF by .0004 to .002 while keeping the residual value the same as July. That spells god news for those who are looking to lease the X3.

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  • X3 + Premium + Sport (w/ performance wheels & tires)
  • MSRP $45,925
  • Invoice $42,250
  • Standard inception fees + tax
  • Lease rate in BOLD
  • 24mo Payment: $533 at invoice, $694 at MSRP
    36mo Payment: $524 at invoice, $633 at MSRP

    I was hoping for the payments to be more in the $400-$500 range, but it doesn’t seem like that’s the case. Still, the numbers are more attractive than last month ($30 less a month on the 36mo lease). Remember, you can opt for the 12k or the 10k mile leases to lower your monthly payment another $20-30. A security deposit may be required to get the low .002 money factor. It could be waived if you are a returning BMW lesse.

    2008 BMW X3 3.0si 4WD SUV

    24 Month – Residual 72% of MSRP – .00200 Base Rate
    36 Month – Residual 62% of MSRP – .00200 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

    August 2008 Lease Rate for 08 BMW 5-Series

    My Take: Looks like BMWFS improved the money factor for the 5-series. Not exactly a bad time to check out the 5-series right now. I actually like the 5-series a lot, almost as much as I like the E-Class. I just don’t have the money or the need to lease either of them. Again, 48+ month leases are bad because residual drops significantly and MFs jump up. Bad combination when it comes to leasing, not to mention more wear and tear costs. I’ll be taking a look at the 528 and the 535 sedan’s payments. R

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    • 528i + Premium + Sport
    • MSRP $50,725
    • Invoice $46,680
    • Standard inception fees + tax
    • Lease rate in BOLD

    24mo Payment: $674 at invoice, $850 at MSRP
    36mo Payment: $655 at invoice, $775 at MSRP

    Seems the 36mo lease is much better than the 24mo lease. You can lower your payments around $25 per month if you go from 15k to 12k or $38 by going to 10k on a 36mo lease.

    • 535i + Premium + Sport
    • MSRP $55,725
    • Invoice $51,280
    • Standard inception fees + tax
    • Lease rate in BOLD

    24mo Payment: $745 at invoice, $937 at MSRP
    36mo Payment: $704 at invoice, $835 at MSRP

    With the price of the 528i and the 535i being off by about $50, I would opt for the 535i. Both cars are going for about $1000 over invoice according to Edmund’s TMV. Another thing to remember, you may be required to put a security deposit in order to lowest MF listed here. I believe they will waive that if you are a current BMW customer.

    2008 BMW 528i Sedan
    24 Month – Residual 67% of MSRP – .00180 Base Rate
    36 Month – Residual 55% of MSRP – .00180 Base Rate

    2008 BMW 528xi Sedan
    24 Month – Residual 66% of MSRP – .00180 Base Rate
    36 Month – Residual 55% of MSRP – .00180 Base Rate

    2008 BMW 535i Sedan
    24 Month – Residual 66% of MSRP – .00160 Base Rate
    36 Month – Residual 55% of MSRP – .00160 Base Rate

    2008 BMW 535xi Sedan
    24 Month – Residual 65% of MSRP – .00160 Base Rate
    36 Month – Residual 55% of MSRP – .00160 Base Rate

    2008 BMW 535xi Wagon
    24 Month – Residual 65% of MSRP – .00160 Base Rate
    36 Month – Residual 55% of MSRP – .00160 Base Rate

    2008 BMW 550i Sedan
    24 Month – Residual 65% of MSRP – .00180 Base Rate
    36 Month – Residual 55% of MSRP – .00180 Base Rate

    2008 BMW M5 Sedan
    24 Month – Residual 68% of MSRP – .00210 Base Rate
    36 Month – Residual 55% of MSRP – .00210 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.comn