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Prices Paid: Buying & Leasing Experiences Subaru Forester Prices Paid and Buying Experience
2297 messages, Last post on Oct 06, 2008 at 9:37 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: tomme12 (Jul 05, 2008 4:14 pm) You know what you want to lease the car for. Figure out what you want for residual. Then go in and negotiate with the dealer. If you can, negotiate with whoever has the power to make the decision. And be willing to walk away if you don't get the deal you want. Remember, there are lots of other dealers out there, and probably at least one of them will want your business at your price (as long as it is reasonable). Good luck. |
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Thanks for your valuable input! So call me crazy with this next statement.... I could sign a 3 year lease, keep it low, with close to nothing down, but keep a higher residual. Why? My theory is that cars that get 20/25 mpg or high in today's market, will be obsolete in 3 years because of technology. The 40mpg car is probably around the corner. I would *not* want the option purchase the car at the end of th lease because: - technology has changed from 2009 to 2012 - our own reasons such as family has grown, or jobs changed or even relocation. For bartering purposes at the table, I *could* throw out on the table a higher residual and that would in fact lower my monthly payments? Thanks much!!
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Replying to: tomme12 (Jul 06, 2008 10:27 am) Residuals are generally non-negotiable.. The banks sets them for the model, term and mileage allowance. regards, kyfdx |
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ahhhhh... I gotcha.... ok I understand a little better now. Thanks! |
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Replying to: tomme12 (Jul 06, 2008 10:27 am) Your argument in favor of a lease doesn't hold water... #1 It is very unlikely that new technology will give you a 40mpg SUV equivalent to the Forester in only 3 years #2 If that unlikely possibility is realized, it will be gradual, not overnight. Buying will always give you the option to "get out" early by trading in should you notice that trend. Leasing will keep you in that "fuel inefficient" vehicle for the duration of the lease terms. #3 Speaking of "fuel inefficient" my limited AT forester is averaging 24.5 mpg around town, My trip to Atlantic City gave me 28-29 mpg yesterday. This in a vehicle that has only 1000 miles (which I put on in two weeks). A lease term would have limited me to 12000 miles...at the rate I'm going, I'll need twice as many miles than a typical lease offers. Something to consider. I'm not really keen on leases. People who have much more financial savvy than either you or I have design them, and they have already taken into account technological advances and market trends. They aren't designing the leases so they are stuck with an undesirable vehicle in three years. Lease if you want, it certainly has some advantages (like keeping more of your money in the bank...initially) but do read this before you do: http://biz.yahoo.com/pfg/e16buylease/ Best, djm
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Whoo hoo! So I took the plunge and placed my order today. Here's what I got: Spark Silver Metallic (really wanted Satin White Pearl, but hated the light gray interior), Automatic, Premium Package with the following- All Weather Package Aero Crossbars Body Side Molding Wheel Arch Molding Splash Guards Rear Bumper Cover Fog Lights Puddle Lights Auto dimming Mirror w/ Compass Cargo Tray Luggage Compartment Cover Dual Tailpipe Cover Tweeter Kit Ipod/phone Console Tray All Weather Mats My price: $24,556 + $120 service fee, tax, title and license. It's due in mid August. Exciting!! |
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| A local dealer has a left over 08 Forester XT that lists at $29171 and is offering me a "deal". Is a 24 month lease, 15000mi/yr, for $420 a month with only the first months lease payment down a good deal? What is the residual and buy factor for a 2009 Premium that lists for around $25000. What would an 09 lease for, 15000/yr, 24mo, 0 down, at around the $25000 price? | |
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Replying to: mwasnidge (Jul 07, 2008 1:08 pm) Get a VON (vehicle order number) from your dealer first, then you can check the status by calling SoA on 800-SUBARU3. They were great while I was waiting. |
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Replying to: djmacedonas (Jul 06, 2008 11:00 am) I agree with djm on several points. I have never leased a car as the financials just don't work out. The 40pmg car is here now if you get one of the smaller vehicles. I have a friend in the energy world who is on top car efficiencies. Before I bought my Forester, I talked to him. He said it will be at least, and he emphasized "at least" 5 years before the hybrids are of a design I really want to buy. And what with the time it takes the car companies to change their designs and get up to speed, that makes sense. Look at GM. OTOH, I have heard that Honda has a vehicle coming out with a solar panel on the roof. That would be the type of hybrid that would work well for me! My personal opinion is that things could speed up/slow down with car designs based on what people are buying/the economy/and a host of other factors. However, it takes a while to get from the drawing board to the consumer, regardless of how much money is thrown at the problem. My new Manual Transmission Forester seems to be averaging about 30mpg and it is still under 1000 miles. Per the consumer reports article, the MT gets 2mpg better than the AT overall. Perhaps the car companies will switch back to the MT being the standard configuration to get a couple of extra miles per gallon. There were several vehicles that I didn't seriously consider before buying because I couldn't get them in MT. 2mpg is not a small amount at $4+/gal. If you are looking for a 40mpg Subaru in the future...you will probably have to look somewhere else. Per this site, the dealer and elsewhere, I'm told Subaru will be relying on diesel. IMO, diesel is not the answer and they will have to start changing their direction soon to stay in the running. If anyone has other info regarding what Subaru is doing, I'd be interested in hearing it. If you really want a "fuel efficient" car now, there are kits out there where you can retrofit an older vehicle to entirely electric. Or buy one of the vehicles that someone else has already converted. With the new batteries, they are lasting 3-400 miles per charge. Plenty for any commute type of vehicle, and then some! |
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Replying to: mwasnidge (Jul 07, 2008 1:08 pm) What didn't you get?!?  
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