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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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Hi! Wife and I were wondering if a lease makes sense for us. We can not afford payment to purchase so we thought we would lease and purchase after lease is up. Does this make sense or am I throwing money away?
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Anyone have a round about idea of what would be a good deal for a 09 forester x premium lease? Looking for 3year, 10000mile/year. Also, should I be able to get a deal set-up over e-mail or do I need to visit dealer few times to "play" the games? Thanks for all of the advice! |
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Replying to: yomama (May 12, 2009 3:57 am) Purchasing at lease end doesn't make any sense to me either though. You still have to pay the disposition fee and sales tax on the end value. It will be way more than buying one at market value. Lease, then lease and new one, repeat. |
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Replying to: yomama (May 12, 2009 4:01 am) |
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| I'm thinking about a Forester 2.5 X Limited, maybe with nav. What is a reasonable Lease payment to expect on these? Would a $330 be in the right ballpark? | |
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Replying to: fotboat (May 08, 2009 3:44 pm) That looks like a great deal. Where in the US are you? Dealer name? I've been quoted $336, and know that that is too expensive. My sister just got the 2.5XT Ltd. 36 mo., $371/month with $1,600 up front for all fees and taxes (CT state). She has 10k miles I believe. |
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Hi all -- I'm new to the forum, and new to car ownership (seriously, I am a middle-aged woman who has never owned a car in my life). I live in New York City and really like the 2009 Forester. I have two kids, and will be using the car mainly for long haul trips out of state on weekends. I will park it in a lot rather than on the street. I'm seeking advice on whether it makes more sense to lease a 2009 Forester 2.5X Limited or to buy a certified pre-owned one. I could feasibly pay the cost up front in cash if I purchased. Thanks in advance for your guidance! Nova10
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Replying to: yomama (May 12, 2009 4:01 am) Given your situation, leasing makes a lot of sense, and you picked a model with good lease terms. I buy, but that's because I tend to keep my cars for a long time. For example, I kept my '98 Forester for 9 years. Let's compare that to leasing 3 Foresters for 36 months each, the same time period. I also had 87k miles when I sold it so again let's stick to the same 30k*3 miles = 90k. Buying cost me 100%, but I got back 29% in resale value at the end of 9 years. So my cost was 71% over 9 years, minus the opportunity cost of course (I paid cash so there was no interest). Compared to leasing, I would have paid 100-61=39% of the value to lease for 3 years, but I'd have to have done that 3 times. 39% times 3 is 117%. Of course you have 3 new Forester instead of just one, and for the keeper you have to pay for repairs (mine cost next to nothing in that regard), but I doubt that would get the 71% up above 117%. I don't think you'll come out ahead in the long-term with leasing vs. buying a car and holding it for a long time. But your case is different - you'd probably have to buy less car than you want, and I doubt that would satisfy you for the next 9 years, so you'd trade it in much sooner and in a case like that you may end up paying more than with leasing. Go for the lease, in your case it totally makes sense and you picked the right model also.
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Replying to: ateixeira (May 15, 2009 7:24 am) Leasing terms he laid out were 3 years 10k miles/ 280/month --- MSRP is $25,293 sell $22,964 money rate.00095 lease end value $14,669 Black Premium with All Weather Package with Automatic Trans. This one has Luggage Compartment Cover, Cargo Tray, Rear Bumper Cover, Splash Guards, Auto-Dimming Mirror with Compass and all Weather Floor Mats. I can sell it for $22,964 this includes Destination Charge. Add $151 Doc Fee and your Local Tax. I am still trying to access all the fees but it doesn't look too bad.
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Replying to: noogman12 (May 15, 2009 9:56 am) In reality you are paying 22964-14669=8295 in depreciation, or a little less than 33% of its list price for the 3 years of use. |
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