Author: G

August 2008 Lease Rate for 08 BMW 3-Series

Published by G

My Take: Good news is that the 3-series leases have improved somewhat, specially compared to the  1-series. Lets see how things look, shall we?

  • 328i + Premium + Sport
  • MSRP $38,575
  • Invoice $35,505
  • Standard inception fees + tax
  • Lease rate in BOLD

24mo Payment: $494 at invoice, $626 at MSRP
36mo Payment: $457 at invoice, $547 at MSRP

The payments are obviously higher than the 1-series. That is primarily due to the fact that the car is more expensive. It is a bigger car after all. The key here is that the 36mo lease is more attractive and the car could be had for a “close to invoice” price. So essentially, you could be in a 3-series for around the same price as the 1-series. More is better.

  • 335i + Premium + Sport
  • MSRP $44,575
  • Invoice $41,030
  • Standard inception fees + tax
  • Lease rate in BOLD

24mo Payment: $589 at invoice, $742 at MSRP
36mo Payment: $545 at invoice, $649 at MSRP

So what do you get for another $100 per month over the 328i? 300hp twin-turbo engine that is remarkably potent and fuel efficient. Couple of things to note is that the .00150 MF may require a security deposit if you are not a current BMW owner. For this kind of money the G35/G37 are probably the better bang for the buck.

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2008 BMW 328Ci Coupe
24 Month – Residual 65% of MSRP – .00145 Base Rate
36 Month – Residual 55% of MSRP – .00145 Base Rate

2008 BMW 328xi Coupe
24 Month – Residual 65% of MSRP – .00145 Base Rate
36 Month – Residual 55% of MSRP – .00145 Base Rate

2008 BMW 328i Sedan
24 Month – Residual 66% of MSRP – .00125 Base Rate
36 Month – Residual 56% of MSRP – .00125 Base Rate

2008 BMW 328xi Sedan
24 Month – Residual 66% of MSRP – .00125 Base Rate
36 Month – Residual 56% of MSRP – .00125 Base Rate

2008 BMW 328i Wagon
24 Month – Residual 64% of MSRP – .00195 Base Rate
36 Month – Residual 54% of MSRP – .00195 Base Rate

2008 BMW 328xi Wagon
24 Month – Residual 64% of MSRP – .00195 Base Rate
36 Month – Residual 54% of MSRP – .00195 Base Rate

2008 BMW 328i Convertible
24 Month – Residual 68% of MSRP – .00190 Base Rate
36 Month – Residual 56% of MSRP – .00190 Base Rate

2008 BMW 335i Coupe
24 Month – Residual 64% of MSRP – .00170 Base Rate
36 Month – Residual 54% of MSRP – .00170 Base Rate

2008 BMW 335xi Coupe
24 Month – Residual 64% of MSRP – .00170 Base Rate
36 Month – Residual 54% of MSRP – .00170 Base Rate

2008 BMW 335i Sedan
24 Month – Residual 66% of MSRP – .00150 Base Rate
36 Month – Residual 56% of MSRP – .00150 Base Rate

2008 BMW 335xi Sedan
24 Month – Residual 66% of MSRP – .00150 Base Rate
36 Month – Residual 56% of MSRP – .00150 Base Rate

2008 BMW 335i Convertible
24 Month – Residual 65% of MSRP – .00175 Base Rate
36 Month – Residual 54% of MSRP – .00175 Base Rate

2008 BMW M3 Coupe
24 Month – Residual 60% of MSRP – .00270 Base Rate
36 Month – Residual 50% of MSRP – .00270 Base Rate

2008 BMW M3 Sedan
24 Month – Residual 61% of MSRP – .00270 Base Rate
36 Month – Residual 51% of MSRP – .00270 Base Rate

2008 BMW M3 Convertible
24 Month – Residual 57% of MSRP – .00270 Base Rate
36 Month – Residual 48% of MSRP – .00270 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 1-Series

Published by G

My Take: There isn’t any lease support for the 1-series still. I’ve taken ou the 48mo and 60mo lease rates since you should NEVER lease for such a long time. The better lease right now would probably be the 128i since it has the higher residual and the lower price tag.

  • 128i + Premium + Sport
  • MSRP $34,425
  • Invoice $31,685
  • Standard inception fees + tax
  • Lease rate in BOLD

24mo Payment: $413 at invoice, $535 at MSRP
36mo Payment: $447 at invoice, $531 at MSRP

Surprisingly enough, 24mo leases are looking much better than the 36mo leases. Unfortunately, the 1-series does not lease for invoice, so expect your payments to be more on the high $400 to low $500.

  • 135i + Premium + Sport
  • MSRP $40,225
  • Invoice $37,030
  • Standard inception fees + tax
  • Lease rate in BOLD

24mo Payment: $561 at invoice, $703 at MSRP
36mo Payment: $564 at invoice, $661 at MSRP

Same thing over on the 135i model, the 24mo lease range is wider than the 36mo range. Don’t expect invoice on this one either. Seriously, these little go-karts are EXPENSIVE! May want to look into the 3-series if you are looking to lease, no sense in paying this kind of money for a car that offers so little in return.

2008 BMW 128i Coupe
24 Month – Residual 74% of MSRP – .00270 Base Rate
36 Month – Residual 60% of MSRP – .00270 Base Rate

2008 BMW 128i Convertible
24 Month – Residual 72% of MSRP – .00270 Base Rate
36 Month – Residual 58% of MSRP – .00270 Base Rate

2008 BMW 135i Coupe
24 Month – Residual 69% of MSRP – .00270 Base Rate
36 Month – Residual 56% of MSRP – .00270 Base Rate

2008 BMW 135i Convertible
24 Month – Residual 71% of MSRP – .00270 Base Rate
36 Month – Residual 57% of MSRP – .00270 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

* Add 1% for 12k annual miles and 2% for 10k annual miles on all terms except 24 months.
** Rates provided by Tarry Shebesta from Leasecompare.com

August 2008 Lease Rate for 08 Infiniti G35/G37

Published by G

My Take: The official word is that the 08 G35 and G37 July rates will carry over to August, possibly into Sept 2. The 09 models will be arriving in September, so G’s in general are no longer in production. The days of getting a G35/G37 for under $400 with no cap reduction are not exactly over. However, selection is limited, so you may not get exactly what you want. Also, keep in mind that Infiniti has introducted 1.9% financing for up to 72 months as well (in addition to their 0.9% for 60 months), in case you wanted to go the purchasing route. Lets play with some numbers, shall we?

  • G35 Journey + Premium
  • MSRP $36015
  • Invoice $33046
  • Standard inception fees plus tax
  • Terms in BOLD

G35 24mo Payment: $445 at invoice, $572 at MSRP.
G35 36mo Payment: $429 at invoice, $515 at MSRP.

Not as cheap as it used to be. Using June’s numbers, this same car at invoice would have been $400 on a 24mo/15k lease. To say the July/August aren’t as good is an understatement, but I sense that things could get worse, so leasing the G now may be the best time. The good news is that the G35 can be had below invoice in most areas with fairly good competition. Assuming the following conditions, 36mo/12k, $500 under invoice, your monthly payments can get as good as $395 + tax. Drop to a 10k mile lease and you are looking at $376 + tax.

  • G37 Sport + Premium
  • MSRP $40215
  • Invoice $36856
  • Standard inception fees plus tax
  • Terms in BOLD

G37S 24mo Payment: $470 at invoice, $616 at MSRP.
G37S 36mo Payment: $474 at invoice, $793 at MSRP.

The funny thing about the G37 is that it leases better at 24 months. It was the same back in May/June too. I kind of regret not going for the 24mo lease over the 39mo lease come to think of it. Oh well, whatever. The G37 should be attainable at invoice in most areas with high competition. I haven’t heard of many people getting it for under invoice, but lets assume you can get it for $250 under invoice, and change the terms to 24mo/12k (10k is the same residual as 12k on a 24mo lease, so no point doing 10k). The payments should be around $439 + tax. Gone are the days where you could get a well equipped G37 for under $400. Of course, if you don’t mind getting the base model (like I did), you can still get it for $383 +tax per month at invoice for the 24mo/12k term…assuming you can find one.

2008 Infiniti G35 Base Sedan
24 Month – Residual 67% of MSRP – .00103 Base Rate
36 Month – Residual 57% of MSRP – .00134 Base Rate

2008 Infiniti G35 Journey Sedan
24 Month – Residual 66% of MSRP – .00103 Base Rate
36 Month – Residual 56% of MSRP – .00134 Base Rate

2008 Infiniti G35 Sport Sedan
24 Month – Residual 66% of MSRP – .00103 Base Rate
36 Month – Residual 56% of MSRP – .00134 Base Rate

2008 Infiniti G35 X Sedan
24 Month – Residual 68% of MSRP – .00147 Base Rate
36 Month – Residual 58% of MSRP – .00167 Base Rate

2008 Infiniti G37 Coupe
24 Month – Residual 73% of MSRP – .00190 Base Rate
36 Month – Residual 63% of MSRP – .00216 Base Rate

2008 Infiniti G37 Journey Coupe
24 Month – Residual 70% of MSRP – .00190 Base Rate
36 Month – Residual 60% of MSRP – .00216 Base Rate

2008 Infiniti G37 Sport Coupe
24 Month – Residual 71% of MSRP – .00190 Base Rate
36 Month – Residual 61% of MSRP – .00216 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

BMW Offers 0.9% Financing on Almost All Models

Published by G

BMW introduced 0.9% financing for almost every single car on their lineup (No M3). It doesn’t take a genius to figure out that leasing has suddenly become very unprofitable for manufacturers in the past few months. Manufacturers have begun introducing attractive financing terms to entice consumers to purchase instead of lease. Makes sense, 0.9% interest is much better than the 3.9% being charged to lease a 3-series. The question is, do you really want to OWN a BMW? Being a former BMW driver, I can say that I will always consider leasing a BMW, but NEVER want to own one. Owning a BMW is far too expensive, even for the “Ultimate Driving Machine”. If leasing becomes even less attractive in the forseeable future? I think I will be scratching BMWs off my “wanted” list.

Here is a complete list of BMWs that qualify for for 0.9% financing for up 60 months. Offer ends Sept. 2nd 2008.

Chevron 2nd Quarter Profits Up 11% from Last Year

Published by G

from the AP on CNN…

“HOUSTON (AP) — Lifted by record crude prices, Chevron Corp. said Friday its second-quarter profit rose 11% from a year ago, capping another round of massive earnings for the major oil companies.

But results for the second-largest U.S. oil company missed Wall Street forecasts and shares dipped in premarket trading.

The San Ramon, Calif.-based company said it made $5.98 billion, or $2.90 per share, during the three months ended June 30, versus income of $5.38 billion, or $2.52 per share, a year earlier.

Revenue rose significantly to $82.9 billion from $56.1 billion a year ago.”

You know something shady is going on when you go make $26.8 billion in profit compared to a year ago and your stock value drops.

Check out this little except from Mr Chairman/CEO Dave O’Reilly:

“The higher cost of crude oil used in the refining process was not fully recovered in the price of gasoline and other refined products,” said Chairman and CEO Dave O’Reilly. “As a result, our downstream operations incurred a loss in the second quarter, with most of the loss taking place in the United States.”

Or maybe it’s because gas consuption is down? I don’t like to speculate on this, but it doesn’t take a rocket scientist to see that Big Oil is giving us the shaft. In an economy that is this depressed, they are making BILLIONS in profits…that’s a lot of zeroes.

Ford and GM to Make Leases More Expensive

Published by G

Article from LA Times states that Ford and GM will begin raising prices on some of their cars (particularly trucks and SUVs) to make them less attractive. They aren’t getting out of the leasing game like Chrysler did, but it doesn’t look good if you are shopping around for an American car to lease. Of course, you can still lease from a 3rd party lender, so it is not the end of the world. What I find rather funny is that American cars have not been leasing well through most of the year anyway (with the exception of Hummers, which they are trying to unload desperately), so this move will only make those leases worse. If you are looking for that Cadillac CTS or Hummer H3, better do it sooner than later.

Voting Results In! Plus Other News

Published by G

As some of you may have noticed, I put up a poll a few months ago trying to get some feedback as to whether this site could use a Discussion Forum. Of the 10,000 visitors and 30,000 pageviews from June to July, only a whopping 19 people voted. LOL. Funny stuff. It’s not so much the percentage of people wanting a forum, its more the fact that only 12 people wanted one.  Due to the lack of overall votes/participation, I feel that a discussion forum isn’t justified in the near future. I’m sorry if this disappoints some of you, but I would hate to establish a forum that hardly anyone participates in.

Here are the poll-results in case you were interested.

In other news…most of the lease rates from July should at least be effective through the first week of August. So don’t panic if you missed out last month.

July 2008 Lease Rate for 09 Toyota Corolla

Published by G

My Take: ’09 Corollas will probably be difficult to get at invoice. Edmund’s TMV reports only about $300 off MSRP. Then again, I take Edmund’s TMV with grain of salt. Here are the numbers on a very well equipped ’09 Corolla LE.

  • MSRP $20,805
  • Invoice $18,449
  • Standard inception fees plus taxes
  • Rates in BOLD

Monthly Payment $218 at invoice, $288 at MSRP, $275 at TMV.

If you tack on your local taxes, you’ll be paying over $300 a month over 36 months at MSRP and TMV. Would I lease it? Probably not, I’d rather buy it since it’s a relatively inexpensive car.

Toyota Corolla LE
36mo/15k – residual 61% – money factor .00188