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Subaru Forester Lease Questions

368 messages,  Last post on Nov 28, 2009 at 4:54 AM

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What is this discussion about? Subaru Forester, Car Leasing, SUV




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#171 of 368
Re: 2009 2.5XLT Limited w/VDC no navi - need advice [tsxowwner] by indianajohns
Jan 18, 2009 (7:34 am)
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Replying to: tsxowwner (Jan 17, 2009 9:26 pm)

First of all, I've been getting quotes of $300 to $500 under invoice plus any rebates on every Subaru model I've looked at.
 
My second thought on your post is WHAT IS THE UTILITY PACKAGE? Never heard of it, never seen it, never seen it at Subaru.com. The only $695 cost on any/all window stickers I've seen was the Destination Charge. Since June 08 it went up from $665 to $695. I think you may be confusing those numbers.
#172 of 368
Re: 2009 2.5XLT Limited w/VDC no navi - need advice [indianajohns] by tsxowwner
Jan 18, 2009 (9:53 am)
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Replying to: indianajohns (Jan 18, 2009 7:34 am)

thank you for clarifying the $695. this seems to make more sense.
 
the salesguy had told me $28,890 didn't include destination (hmmm). So I assumed if that was the case - in order to get to $28,890 from $28,195, it had to include an option. On Edmunds, if you choose the forester w/ 28,195 msrp and then click options, it's lists a utility package for $695. here is how it is listed.
 
F9V Utility Package
Includes aero cross bars, wheel arch moldings, rear bumper cover and splash guards INCLUDES U9B and Q9L and P9J and P9A.
 
That said, I still think you are right.
 
On your first point - I didn't even consider under invoice. Invoice on edmunds shows $26,384. Based on $500 under, this would make a 12k, 36 mo lease, 59% resid, .0016MF and 26,979 cap cost, a monthly of $332 b4 tax. Seems like a pretty good deal.
 
i have a few questions
- you mentioned "plus any rebates". I am not aware of any - are you? There is the $1,000 dealer incentive, but if i am asking for $500 under invoice, would that apply on top of it?
- is $500 under invoice dipping into the holdback or something else?
 
The only other issues i am running into is of all the 2.5 XLT's listed on dealer websites in massachusetts, none are $28,890 since most have a few add ins. I guess if i can get it for under invoice, i am not too concerned with a few adds ins breaking my budget.
 
The other issue is, looking at the inventory, there is a limited supply it seems of the 2.5XLT. most dealers list between zero and four of them.There are a ton of the 2.5XL's. Since the supply is low, do you think this will limit my ability to get $500 under invoice? Is the answer any different if they don't have one on the lot and need to get from another dealer. certainly, i have a number of subaru dealers around me so i probably will go to the one with cars on the lot.
 
thanks in advance for your responses on the various questions above.
#173 of 368
Re: 2009 2.5XLT Limited w/VDC no navi - need advice [tsxowwner] by indianajohns
Jan 18, 2009 (11:01 am)
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Replying to: tsxowwner (Jan 18, 2009 9:53 am)

I'm not sure why a dealer would ever quote you MSRP without Destination Charge. The base MSRP of a 2009 Subraru Forester 2.5XT Limited is $28,890. The "Utility Package" has an MSRP of $695 also. It is rather unclear what the vehicle ACTUALLY has for options.
 
Also, Edmunds definitely needs to update the changed Destination Charge. It has been $695 for over 6 months now.
 
I said I was getting quotes of $300-$500 under invoice plus any rebates on several Subaru models. The only bad thing is that there are none available on the Forester. I am not even aware of the $1,000 dealer incentive you are mentioning. If there is a $1,000 dealer incentive then it would theoretically apply. Supply and demand would dictate your ability to get a good price. I haven't even seen a Forester 2.5XT at any of the dealerships I've visited. They may be more unlikely to want to deal on a vehicle that is in short supply. I would definitely look at getting the non-turbo 2.5X Limited if that was the case. It would be way cheaper MSRP wise ($2,200) and also you could easily negotiate a selling price well below invoice. You could get a 2.5X Limited with Navigation for way cheaper than a 2.5XT Limited without.
#174 of 368
Re: 2009 2.5XLT Limited w/VDC no navi - need advice [indianajohns] by tsxowwner
Jan 18, 2009 (12:04 pm)
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Replying to: indianajohns (Jan 18, 2009 11:01 am)

Here was the deal as listed on Edmunds through the incentives section.
 
Leasing
There may be other leases available. Contact a local dealer for more information.
Start: 01/06/2009 End: 02/02/2009
$308 Monthly Payment Calculate Other Monthly Payments
36 Month Term
$1150 Down Payment
NA Security Deposit
10000 Annual Mileage
Restrictions Lease based on the 2009 Subaru Forester 2.5XT VDC. Dealer may contribute $1000 towards the $308 monthly special.
Comments Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement. Tax, tags and insurance are extra.
 
I think the $1,000 is only applicable to this deal listed - on an XT (not to any Limited cars). Unless someone thinks differently.
 
It seems reasonable that I would in a better negotiating position on a 2.5X Limited due to supply. While i agree with you that the savings is $2,200, on a lease basis, it's only $300 a year which is not significant enough in my mind to give up Turbo (41% * 2,200/36). Though their might be additional savings on the negotiation side to consider at the end of the day.
 
I didn't test drive the 4 cylinder (plan too now), though it would seem pretty weak without the Turbo. Opinions?
 
The cost of Navi is $1,800 - i think I am better off going without that and buying a Garmin.
 
Another question I have - if you are getting the car for under invoice, is this digging into the holdback. or maybe other manufacturer to dealer incentives? would like to understand what might compel them to go for below invoice offer.
 
I also had a prior question about excise tax. Is this included in the monthly or do I pay that separate. In my current lease, I don't pay separate excise tax - though on my lease agreement I don't see that listed anywhere. maybe it is buried somewhere?
 
thanks again.
#175 of 368
Re: 2009 2.5XLT Limited w/VDC no navi - need advice [tsxowwner] by stoopy
Jan 18, 2009 (4:17 pm)
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Replying to: tsxowwner (Jan 18, 2009 12:04 pm)

The dealer MAY contribute $1,000 towards the $308 monthly special.
To me this means exactly what it says. The dealer may take $1,000 off of selling price. Maybe not. Probably not. It's definitely not any kind of incentive or rebate.
 
I also had a prior question about excise tax. Is this included in the monthly or do I pay that separate.
What is excise tax? Haven't heard the term excise tax since reading about the American Revolution in high school history class. Do you mean sales tax?
#176 of 368
Re: 2009 2.5XLT Limited w/VDC no navi - need advice [stoopy] by tsxowwner
Jan 18, 2009 (4:49 pm)
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Replying to: stoopy (Jan 18, 2009 4:17 pm)

each year you pay excise tax to the state for having a car. it's based on the value of the car - for example, excise tax is $25 per $1,000 of value. so if you have a $20k car, your excise tax is $500. if you buy the car, you get a bill from the state each year. if you lease, it is spread across your lease payments. I actually went back to a worksheet included in my lease agreement for my current car and found the excise tax. it is included in the monthly payment.
 
can anyone tell me what a subaru "SOA Executive Demo" car is. Is it strictly a car used by an executive or sales manager type at the dealership. Or could it be a rental car or loaner? from some research, I know that it is not a regular demo.
 
thanks
#177 of 368
Re: 2009 2.5XLT Limited w/VDC no navi - need advice [tsxowwner] by indianajohns
Jan 18, 2009 (5:28 pm)
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Replying to: tsxowwner (Jan 18, 2009 4:49 pm)

"SOA Executive Demo" = Demo. It's just Subaru's way of trying to make it sound better to the consumer who doesn't want to buy a used car.
 
I don't know what state you are in but in most states your "excise" tax is called "property" tax. I hadn't ever heard of excise tax either. In my state, I get a bill for property tax when I renew my yearly registration. So yes to license my car for one year (plates, registration, property tax) I pay $350 to $500. I would call your DMV in the morning, if they are open on MLK Day.
 
I did some math on the 2009 Subaru Forester 2.5X Limited vs. 2.5XT Limited. If you leased these vehicles at invoice price with nothing down the 2.5XT would cost you $32.71 more per month. It would also cost you an additional $8 per month in gas because you have to put premium (91 octane) fuel in the turbo models. So based on my math the 2.5XT Limited would cost you AT LEAST $40 per month more. As I said earlier, the fact that your dealer is going to have 30 2.5X Foresters and maybe 5 2.5XT's is going to greatly increase the odds of you getting an even better deal on the 2.5X. These numbers were just getting invoice price so assume you can do better on the 2.5X model anyway. Not so sure on the 2.5XT.
 
The reason the dealer would sell a vehicle for under invoice = the current market.
These vehicles have been sitting on the lots for 6 months. The 2010's are just around the corner. Most people aren't looking for new cars in this economy. Dealers are going to have to dip below invoice to move cars. My advice is to go to the highest volume dealer in your area and start making $800 under invoice offers. They will at least meet you half way.
#178 of 368
Re: 2009 2.5XLT Limited w/VDC no navi - need advice [tsxowwner] by stoopy
Jan 18, 2009 (6:42 pm)
Reply

Replying to: tsxowwner (Jan 18, 2009 4:49 pm)

I did type in Massachusetts Excise Tax car lease into the Google on the internet machine and found the answer. You should try it. I also typed in SOA Executive Demo into the Google on the internet machine and found out that it is just an over worded standard demo. All other questions having nothing to do with leasing should be referred to www.google.com
#179 of 368
Thinking about a 'Dealer Demo' On Lease by gnnr
Jan 20, 2009 (1:08 pm)
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Hola,
 
  Decided it's time to 'economize' as scary as these days are economically and go from 2 cars and payments/incurance to 1. I have looked around and the Forester is easily my first choice. Would love an XT Limited, but that's too pricey. Was looking to do a 2.5X Limited but then decided to compare features between it and the base 2.5XT model. After some 'soul searching' I decided I could live without leather and climate control and heated seats/mirrors/wipers
 
  Anyway, found a volume dealer local to me and he's got a 2.5XT Limited on the lot. There will be some negative equity rolled up in there, though I'm putting in some money to offset, I qualify for any of their financing or lease options.
 
  What would I be looking at for this car coming in at a few hundred under MSRP essentially (inc destination) - say $26700. They are throwing in some extras (sub, tweeters, extended warranty) so with my neg equity I'm good with that price. I know what the payments on traditional fin would be all up, but I am leaning lease since we turn over cars so often and haven't done a lease in over a decade.
#180 of 368
Re: XT Limited [redbrd1] by Car_man HOST
Jan 25, 2009 (7:21 am)
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Replying to: redbrd1 (Jan 12, 2009 9:28 pm)

Here you go, redbrd1. Subaru's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Forester XT with 15,000 miles per year are .00160 and 60%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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