Best Car Lease for January 2010

Happy New Year

Best Car Lease

Best Car Lease

What is the Best Car Lease for the New Year? The best one I found is the 2010 Toyota Camry which Leases for $199.00 a month for 36-months and $1,699.00 down, including first-month payment. The Toyota Camry LE Sedan has a very good LVR of just 1.08%. This actually tops the Toyota RAV4 SUV which I raved about last month in our SUV Lease Specials for December.  This month the Toyota RAV4 lease offer is not quite as attractive. The low payment of $199.00 is the same, but an extra $500 down payment is required. For January 2010, I've rated seven cars as having excellent lease values based on the fact their Lease Value Ratio (LVR) is 1.16 or less. Notice the trend here?

  • The Toyota Camry is on top once again.
  • Low to medium-priced Japanese sedans are near the top.
  • SUV's and more expensive luxury cars like BMW and Audi are closer to the bottom.

Speaking of luxury cars, have you ever seen a worse leasing deal than the BMW 550i? $809 a month plus $6,184 down payment?  This is the kind of car lease that gives car leasing a bad name. The expensive-to-lease BMW 550i is another example of how a sagging economy has hurt. The resale values of expensive cars are not what they used to be. When they are 2-3 years old, it becomes hard to sell such an expensive car. Obviously, $61,000 cars are taking a bigger depreciation hit these days. You are probably wondering why Cadillac (last month's winner) is not on the list. Check back soon. Cadillac could end up this month's winner again. Read the rest of this entry »

Tags: , ,

SUV Car Lease Specials

The Best SUV Lease

Okay, folks. Some of you suggested that I do an SUV lease special article. After looking at how sparse, few and in-between the number of decent lease deals on SUV and Crossover vehicles, I thought I would wait for the new year. The New Year is here, but the new deals are not. Below, is the Top-10 SUV Leases for last year which don't expire for another few days. Realizing, that this would be a great opportunity to see how the latest SUV deals compare for the new year, I changed my mind about publishing last year's deals. If you're reading this before January 5th, 2010 you can still take advantage of these SUV Lease Offers. The problem is, besides the Toyota RAV4 (an excellent lease special), you will be hard pressed to find one that gets you excited. The Toyota RAV4 is head and shoulders above any SUV lease deal that's out there. My LVR (Lease Value Ratio) formula rates the RAV4 deal as Excellent. None of the other SUVs even rank in the 'Good' category. In fact, the Toyota RAV4 is so far ahead of it's closest competitor, the Honda CR-V, that you might think this is a joke. Sadly, it's not. The 2010 Honda CR-V will cost you $40.00 a month more to lease. You will have to put an additional $100 down on the CR-V and its LVR is only1.39 as opposed to 1.11

for the RAV4. If that's not bad enough, here is the real kicker: Unlike the AWD RAV4, the Honda CR-V is only a front wheel drive SUV. I thought about including only SUVs with AWD for this lease feature. Sadly, there were so few decent AWD leases on SUVs being offered, that I had to include all of them. I wonder why the AWD vehicles don't lease as well. I would think the residual value of 4-wheel drives would be quite high. I have to believe that the residual values of SUVs are a victim of other factors such as local climate and geography. Read the rest of this entry »

Tags: , , , ,

Best Leases. December 2009 Car Lease Specials

Cadillac 2010 STS

Cadillac 2010 STS

Cadillac is back in the car leasing business. Judging by this month's lease specials, they have come back with a bang. The 2010 Cadillac STS AWD tops all other lease offers with one of the lowest LVR (Lease Value Ratios) recorded since these Monthly Car Lease Ratings began last year. A 48 month lease is somewhat rare these days, but it does have a few advantages. Personally, I wouldn't mind keeping a quality luxury car for four years. Especially, when I consider the high costs for taxes and registration to drive a new car every 2-3 years. I doubt that many of us would complain about keeping a $50,000 luxury car for four years with only a $399 car lease payment. Read the rest of this entry »

Tags: , , ,

How to Lease a Car

Negotiate a Car Lease

Negotiate a Car Lease

Are you thinking about leasing a car for the first time? One thing to remember:
Leasing is a negotiable sales transaction; just as is a car purchase. These days, most car leases are closed-end leases. If you are sure that you will drive the car within your agreed upon mileage (usually between 10,000 and 12,000 miles per year), the risks in leasing are no different than buying a car with a loan. The goal is simple: Get the car you want at the lowest possibly monthly payment, with little or nothing down. There are several financial factors that go into calculating a lease payment, but really, there are only three things that you will need to know to negotiate a good car lease deal. Read the rest of this entry »

Tags: , ,

Nissan vs Toyota Car Lease Comparison

Toyota Vs Nissan Lease Comparison

Toyota Vs Nissan Lease Comparison

Earlier this month, the monthly specials from Nissan and Toyota didn't become available to me in time for my November Monthly Car Lease Ratings. I promised that I would do an update lease feature later this month. What better way to do it then to have a Car Lease showdown between two of the most popular Japanese Imports? Both Toyota and Nissan have frequently made the top of the list in my monthly lease ratings. Since the Toyota Camry has won two of the last three monthly lease ratings, it's a great time for a showdown between Nissan and Toyota. Read the rest of this entry »

Tags: , ,