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Prices Paid: Buying & Leasing Experiences Subaru Forester Lease Questions
368 messages, Last post on Nov 28, 2009 at 4:54 AM
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Replying to: stoopy (Jan 18, 2009 4:17 pm) 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
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Replying to: tsxowwner (Jan 18, 2009 4:49 pm) 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. |
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Replying to: tsxowwner (Jan 18, 2009 4:49 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.
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Replying to: redbrd1 (Jan 12, 2009 9:28 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: gnnr (Jan 20, 2009 1:08 pm) Also, if you're really trying to economize, you might want to take a look at the Forester X instead of the XT. The pick up of the X model isn't bad. It has 170 horsepower. Plus it takes regular gas instead of the premium that is recommended for the turbo. You would be able to shave a decent amount off of this vehicle's lease payment by going with the less expensive model. Also, you may want to consider financing the Forester that you want instead of leasing it. Subaru's lease program on the '09 Forester isn't terrible, but if you put a couple grand down you can get a very similar monthly payment by financing it for 72 months using Subaru's special 4.9% rate. If I was in the market for an '09 Forester, I personally would probably rather finance it than lease is at this time. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Car_man Thanksf or the reply. Around here they are all going for Invoice basically. I'm rolling a bit of neg equity in (my choice). I'm not up for the lack of power and performance in any of the NA models. Unfortunately, the dealer I was working with has an over inflated sense of what their vehicles are worth, especially a dealer demo. I shoudl be seeing a 2100 mile XT demo for about 1000 - 1500 under invoice (and that's only if it's not been on the lot more than 6 months and in perfect condition) given the miles, but they feel 'that as a volume dealer we never do invoice and for 150 under invoice this demo is a 'steal''. Um, pass... it's a used car in all but name and title, and if they are getting over invoice when none of the other dealers around me are even blinking at or below invoice good luck with that. Honestly, I'm out on Subaru. The reps of the dealers here in NJ so far are abysmal, and the 4 I have dealt with are a joke... throw backs ot the 80s in form and all sitting on their sales laurels which are short lived, especially since the pool of buyers with will and good credit/cash is constantly shrinking. Worse part is they think everyone one is stupid and will simply lay down and roll over on a serious low ball offer on trades... way below fair trade values, their lovely closed-source whole sale numbers which are in fact quite made up and well to their advantage even though when it comes time to sell that same vehicle on the lot they will quote out from the consumer guides they won't accept on trade. I walked into a Nissan, a Mitsu, and a Hyundai dealer yesterday looking at their well rated and even CR recommended, CUVs and SUVs and was treated correctly and not like an idiot, they made at or above book offers on my trades, and they are dealing at or below invoice WITH incentives (national and dealer). So ultimately, Subaru can take a hike. I get that they have a solid vehcile in the forester, and it was my first choice, but they aren' t significantly better than some of the other cross-overs and small suvs out there and in some catagories they are matched or easily beaten depending on comparo. From what I am seeing on the local and national Subaru car forums, I'm far from an isolated case either. |
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I leased a 2009 X limited and need to go in tomorrow to sign the official lease agreement. Just so I am prepared - is there a disposition fee? On the lease that i am coming out of (non-subaru), there is "no" disposition fee per my lease agreement. If there is a disposition fee (i'll find out for sure tomorrow), I have a few questions: - I was given subaru owner loyalty for the lease and it saved me 1st months payment. If there is a disposition fee, is it waived for me? - The deal I agreeded to was $x per month and $y upfront. Neither the saleman nor the biz mnger who finalized the deal ever mentioned a disposition fee (they barely mentioned the owner loyalty until the very end). Since they told me my costs were x+y, do i have recourse? - Can i refuse to pay this and have them remove it? If not, I guess i could ask them to cut me a check for it or else i'll back out of the deal. - as a separate question, should the security deposit be waived. again, it was not part my "y" upfronts so I think there is no security dep required. thoughts?
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Replying to: tsxowwner (Jan 25, 2009 2:36 pm) If they really want to lease a car they will do it fairly. If not, tell them thanks for the extended test drive and leave. As their front door closes behind you be sure to tell them you are going to a dealer who won't play any games.
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Replying to: djhalptert (Jan 25, 2009 8:58 pm) also you didn't answer my question. Doesn't matter - i called subaru finance and they said owner loyalty gets you up to $500 off your 1st payment, no security dep. and waiver of the disposition (which could be up to $300). |
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