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Subaru Forester Lease Questions

592 messages,  Last post on May 15, 2013 at 3:35 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 21 of 60

#201 of 592 Re: MF for February 2009? [gdtrfb] by Car_man HOST

Feb 12, 2009 (5:07 am)

Replying to: gdtrfb (Feb 07, 2009 11:22 am)
Welcome aboard, gdtrfb. Subaru's buy rate lease money factor for the 2008 Forester 2.5X did not change in February. It's still .00160. Something's off with the number that the dealer quoted you. However, the 36 month, 15k residual value of 58% that you were quoted for this vehicle is correct.
 
$100 over dealer invoice is an excellent selling price for an '09 Forester. Just make sure that you get the money factor issue straightened out and you're in business.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#202 of 592 Re: 2009 Forester 2.5x Premium Lease [335xiguy] by Car_man HOST

Feb 12, 2009 (5:09 am)

Replying to: 335xiguy (Feb 09, 2009 5:31 pm)
Hi 335xiguy. Subaru's buy rate lease money factor and residual value for a 36 month lease of a 2009 Forester 2.5X Premium with 15,000 miles per year are .00160 and 59%, respectively. The numbers for an otherwise identical lease of an '09 Forester XT are .00160 and 60%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#203 of 592 Re: MF for February 2009? [Car_man] by tsxowwner

Feb 12, 2009 (6:38 am)

Replying to: Car_man (Feb 12, 2009 5:07 am)
Car_man
 
In this economy, I think any dealer would salivate over someone willing to pay $100 over invoice.
 
My forester was $700 under invoice. I would consider that an excellent price. I think negotiations need to start at $500 under invoice for any car.

#204 of 592 Re: 2009 Forester X Premium [Car_man] by ursus

Feb 12, 2009 (8:38 am)

Replying to: Car_man (Feb 12, 2009 4:59 am)
Thank you Car_man.
I got mine X Premium+All Wheather last Saturday. According to the dealer, residual was 62% and MF 0.00160 for 36/10K through Chase.
MSRP: $24,668
Cap Cost: :$22,497 (incl. freight and 0 reduction) - I guess it's "at invoice" w/out freight or $695 under invoice since freight is included?
Adj Cap Cost: $23,092 (incl. $595 acc. fee)
Residual: $15,294
$278/month and $1,350 at signing (tax, dealer fee, first month, tags/registration).

#205 of 592 Re: 2009 Forester X Premium [ursus] by ateixeira

Feb 12, 2009 (10:01 am)

Replying to: ursus (Feb 12, 2009 8:38 am)
62% is an amazing number. It's low 50s for most competitors.

#206 of 592 Re: 2009 Forester X Premium [ursus] by tsxowwner

Feb 12, 2009 (10:02 am)

Replying to: ursus (Feb 12, 2009 8:38 am)
You might ask them to spell out what's in the $1,350 at closing?
 
you don't pay tax up front on a lease.
 
if 1st month is $278+tags/regis of $150, that leaves dealer fee of $900 - yikes!

#207 of 592 Re: 2009 Forester X Premium [tsxowwner] by ursus

Feb 13, 2009 (8:00 am)

Replying to: tsxowwner (Feb 12, 2009 10:02 am)
Actually, it was my choice to pay taxes ($720) upfront, rather then rolling them in the lease (extra $20/month). Dealer fee was $289 and I know exactly what was in the $1,350

#208 of 592 Re: 2009 Forester X Premium [ursus] by tsxowwner

Feb 13, 2009 (9:14 am)

Replying to: ursus (Feb 13, 2009 8:00 am)
For my benefit, can you tell me what the economic advantage is to paying the tax up front. It's not like your saving on any money factor financing cost since the tax is applied last?
 
If you have the $720 available for the tax, why wouldn't you just park it in your savings account or other no risk investment, then siphon the $20 each month from it. Certainly, we are not talking about a big difference, but it is more than zero.
 
thanks

#209 of 592 Re: 2009 Forester X Premium [tsxowwner] by ursus

Feb 13, 2009 (12:02 pm)

Replying to: tsxowwner (Feb 13, 2009 9:14 am)
I like lower monthly payments, that's all.
Plus, you will pay interest on the sales tax by adding it to the adjusted cap cost. By "parking" these taxes in a savings account even at 2%, you will earn about the same amount as you'll pay in finance charges (on you sales tax included in the lease payments), even if you don't "siphon the $20 each month" from your savings account. If you do "siphon the $20 each month", then you will lose money.

#210 of 592 Re: 2009 Forester X Premium [ursus] by tsxowwner

Feb 13, 2009 (12:15 pm)

Replying to: ursus (Feb 13, 2009 12:02 pm)
Tax is NOT added to the cap cost.
 
The lease payment is determined first THEN tax is added by multiplying your lease payment by (1+ your state tax rate)
 
Ask anyone.
 
No economic advantage in this case to have the lower payment. Better to park the money in your savings account to
 
1) earn a little interest
2) have cash on hand in case of emergency

Messages Page 21 of 60

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