My Take: The money factor is terrible on the Prius, but the high residual value makes up for it. Remember, when you lease, you are paying for the estimated depreciation of the vehicle for the term of your lease. So the higher the residual, the lower the base payments. Ideally, you want a lower money factor (interest). If you don’t mind paying 6.84% interest on the depreciation of lease, the Prius isn’t a bad choice for a lease. Of course, I’d rather have the MINI Cooper S. There is $500 cash back on the Prius, so be sure to factor that in during your negotiations.
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| At Invoice | At MSRP | |||||
| Make/Model | Invoice | MSRP | 24-month | 36-month | 24-month | 36-month |
| 2009 Toyota Prius | $22,478 | $24,095 | $364 | $322 | $436 | $371 |
NOTE: Estimates assuming the following conditions:
- 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.
2009 Toyota Prius
2009 Toyota Prius
24-month | 15k miles | residual 68% | .00285 base money factor
36-month | 15k miles | residual 61% | .00285 base money factor
48-month | 15k miles | residual 52% | .00285 base money factor
DO NOT LEASE
Don’t like what you see? Visit Leasecompare.com and see what 3rd party banks offer!