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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
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: pano1 (Mar 03, 2009 9:19 am) For most cars, a private party re-sale of anything above 50% of MSRP is a real bonus, after three years... The Forester might do better than that, but the chances of it being above 70% after 24 months is about nil, IMO.. That stated, I don't think the current Forester lease program is all that great... It's a fair deal, but not spectacular. The one thing that you do get with a lease, is guaranteed resale.. You know you can walk away from the car at the end of the lease, even if it's worth less than the residual.. regards, kyfdx |
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Replying to: pano1 (Mar 03, 2009 9:19 am) I did read your posts, but you keep changing numbers and the trim you want. That's why I gave you an example on the numbers you had before. kyfdx explained why 75% residual is a ridiculous number. Adjusted cap cost = cap cost (or selling price) + added costs (ex: acquisition fee) - down payment Money factor = corresponding interest you pay on your lease (0.0016 x 2400=3.84%). There are on-line lease calculators where you can just input you numbers to see the cost of your lease. |
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Thanks for your patience, input and kindness stoop. Pete |
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Car Man / Kyfdx: I went to test-drive a Forester and I was really impressed. I liked it a lot more than I thought I would. Anyway, I'm new to leasing, and thought I'd give it a try since I don't keep my cars too long, and I salivate over new cars all the time anyway. Told the salesguy I wanted to lease for 36 mo., 10K a year, little as possible down. He came back with $370 a month (tax included, I hope!), with $1,160 out of pocket (1st month + Acquisition + a dealer fee--not sure on the last figure), with a 15,500 buyout, and $25,600 selling price, which sounds good. When I asked for the money factor, he said it was "about 2.9." This is on a 2.5X Limited, with subwoofer (and mudguards and cargo floor cover, which he said they all come with). I'm in northern NJ and this was the first go-around, but doesn't it seem too high? What should the money factor and residual be on this model? I am ready to buy this month, BTW. Thanks for your help, lou
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In Philly suburbs, I leased a 2009 Forester 2.5x Premium with Cold Weather a couple weeks ago. MSRP: $25,880 negotiated price: $23,545 (~355 under invoice) acquisition fee: $595 Gross cap cost: $24,140 Residual (60%):15,528 money factor 0.0016 term: 36 months 15,000 miles/yr total due at signing: $550 (1st month plus title, registration fees and bullsh*t doc fee) total monthly payment: $303 + $27(tax) = $330 Easiest experience I ever had leasing a vehicle. I called 5 dealers with nearly the same Forester in stock. All gave me their "best" quote right over the phone. The lowest dealer happened to be the closet. Lucky me. I hope the info above helps you guys in your lease.
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Car_Man, The Forester XT Limited is the other car I am considering. MSRP = $29,742 Purchase Price = $27,650 (lease includes all the fees $28415) Money Factor = .0012 Term = 36 Residual =58% Monthly lease payment = $386.83 (what's due at signing) Thanks for your help. |
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Replying to: lasher30 (Mar 13, 2009 10:43 am) Forgot to add the miles. The Forester XT Limited is the other car I am considering. MSRP = $29,742 Purchase Price = $27,650 (lease includes all the fees $28415) Money Factor = .0012 Term = 36 Miles = 10,000 Residual =58% Monthly lease payment = $386.83 (what's due at signing) Thanks for your help. |
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Replying to: pano1 (Feb 15, 2009 9:08 pm) Given the option of a three year lease versus financing or paying cash for a Forester, I probably would go with the lease. Subaru's lease program on it is pretty good right now. Given the choice between a two year lease on one and paying cash or financing, I definitely would choose the latter. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: tomdc (Feb 20, 2009 7:49 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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