Residuals and Money Factors
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Residuals and Money Factors
According to one of the dealers I've been speaking to this is on the Journey. The residual is 1 point higher on the Sport except on 24mos. Its 2 points.
Term 24 36 39 42 48
Residuals 72% 61% 60% 59% 51%
Money Factor 0.00285 0.00285 0.00285 0.00285 0.00285
Term 24 36 39 42 48
Residuals 72% 61% 60% 59% 51%
Money Factor 0.00285 0.00285 0.00285 0.00285 0.00285
#3
I believe the lease is pretty attractive
Originally Posted by chilibowl
This means that these cars are gonna lease well right?
Based upon a MSRP deal at $44900 on my G37 journey/tech/sport/prem/spoiler/nav car and essentially no trade in, I estimate a 48 month lease cost of around $625 or so. This is based upon Texas sales tax rates and the reside.money factor data provided above. I think that is a pretty good rate, for nothing down lease on a loaded G37. Dont hold me to this estimate but it is my best guess.
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Originally Posted by chilibowl
This means that these cars are gonna lease well right?
Last edited by lyfeis; 08-14-2007 at 08:25 PM.
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Originally Posted by chilibowl
This means that these cars are gonna lease well right?
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#8
Actually - these are decent lease rates... IMO, the money factor is lower than expected for the first month's release of a car. The residuals also seem good. So you're looking in the 600's for a $45k car with 0 down and a selling price of MSRP - that sounds good to me. Kinda difficult to compare to other cars with a discounted selling price and putting $3-4k down ahead of time...
#10
Originally Posted by Taktix1
I just used the lease calculator and with a 36 month lease,$2500 down, it was 599.93 (included with taxes) per month. Does that sound about right?
#11
At a MSRP of $42,500, and assuming no money off sticker, you're looking at $700 per month and putting down taxes, security deposit, etc (no cap cost reduction) on a 24 month lease. 36 months is around $655 with taxes, etc down (no cap cost reduction). That's NOT a good deal. The residuals are at a good number but the money factor stinks. Remember, putting down $2,500 is the same as paying $100 more per month on a 24 month lease. Also, if you put money down adn your car gets totalled or stolen, you LOSE that money.
In a few months, the factors will change and you'll be able to get these cars for $500 +/- like you can get the G35s for.
As a comparison, a $49,000 BMW 335 coupe is going for $680 per month on a 24 month lease (with taxes, etc down). A 335i sedan (MSRP $47,500) can be had easily for $560.
In a few months, the factors will change and you'll be able to get these cars for $500 +/- like you can get the G35s for.
As a comparison, a $49,000 BMW 335 coupe is going for $680 per month on a 24 month lease (with taxes, etc down). A 335i sedan (MSRP $47,500) can be had easily for $560.
#12
Originally Posted by muscarel
At a MSRP of $42,500, and assuming no money off sticker, you're looking at $700 per month and putting down taxes, security deposit, etc (no cap cost reduction) on a 24 month lease. 36 months is around $655 with taxes, etc down (no cap cost reduction). That's NOT a good deal. The residuals are at a good number but the money factor stinks. Remember, putting down $2,500 is the same as paying $100 more per month on a 24 month lease. Also, if you put money down adn your car gets totalled or stolen, you LOSE that money.
In a few months, the factors will change and you'll be able to get these cars for $500 +/- like you can get the G35s for.
As a comparison, a $49,000 BMW 335 coupe is going for $680 per month on a 24 month lease (with taxes, etc down). A 335i sedan (MSRP $47,500) can be had easily for $560.
In a few months, the factors will change and you'll be able to get these cars for $500 +/- like you can get the G35s for.
As a comparison, a $49,000 BMW 335 coupe is going for $680 per month on a 24 month lease (with taxes, etc down). A 335i sedan (MSRP $47,500) can be had easily for $560.
BTW, I know this isn't anything new for you Muscarel, but it might help out some other people trying to make this decision.
#13
Anyone thinking of leasing should check all the angles, I have been looking @ leasecompare.com for a bit, and their money factors have been going down since they posted the G37 as of Monday, but the MF was originally higher.
I went back yesterday and found .00266, so for a list/sales price of $42,500, $2,500 down, 12,000 miles per year, on a 3 year deal they found a bank willing to do the lease for $579. Not that $579 a month for a car payment is cheap, but its better then the 285 MF the OP was told, and this car wont lease out for the same price as an accord or altima (darn it anyways).
Hopefully a few months will cool off the rates as well as the MSRP, and maybe that can come close to the low 500's.
I went back yesterday and found .00266, so for a list/sales price of $42,500, $2,500 down, 12,000 miles per year, on a 3 year deal they found a bank willing to do the lease for $579. Not that $579 a month for a car payment is cheap, but its better then the 285 MF the OP was told, and this car wont lease out for the same price as an accord or altima (darn it anyways).
Hopefully a few months will cool off the rates as well as the MSRP, and maybe that can come close to the low 500's.
#15
Originally Posted by Ender17
how long do you think it will be before lease rates get to around $500 for a 36 month lease?