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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

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




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#305 of 368
Re: 2009 Forester Lease options [jms49] by Car_man HOST
Jul 09, 2009 (2:32 am)
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Replying to: jms49 (Jun 22, 2009 6:45 am)

You're welcome, jms49. Subaru has a new July lease program out now. Are you interested in the details of the new program?
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#306 of 368
Re: Related question! [jms49] by Car_man HOST
Jul 09, 2009 (2:35 am)
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Replying to: jms49 (Jun 22, 2009 6:48 am)

Hey jms49. Subaru's lease program for 2010 models is indeed different than its program for 2009 models.
 
Its current buy rate lease money factor and residual value for a 36 month lease of a 2010 Forester 2.5X Limited with 15,000 miles per year are .00230 and 59%, respectively. The numbers for an otherwise identical lease of a '10 Forester 2.5XT Limited are .00230 and 58%.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#307 of 368
2009 forester lease [Car_man] by cspro
Jul 13, 2009 (8:15 am)
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Replying to: Car_man (Jul 09, 2009 2:35 am)

Car_man
 
I got an offer on 36 months lease on 2009 forester premium (automatic) with all weather pkg and some other options
MSRP $25300
Sale price $22600
MF: 0.00075
Residual: 57%
 
$1499 drive off and $249 per month (10k miles per year)
 
Is it good enough to pull the trigger?
 
Thanks!
#308 of 368
Re: 2009 Forester Lease options [Car_man] by vitasthefetus
Jul 18, 2009 (8:39 pm)
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Replying to: Car_man (Jul 09, 2009 2:32 am)

I'm definitely interested in the details of the new program. Do you have the MF/Residual info for both 2009 and 2010 Foresters?
 
Thanks in advance!
#309 of 368
2.5X Lease by dataport
Jul 22, 2009 (1:14 pm)
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Newbie, but this forum is fantastic. Subaru is touting a 2.5X lease, 3 yrs, 12K miles, $1500 down, for $250/mo. My question: Do all the dealers adhere to this, or will I run into pricing variations depending on where I go. Thanks. BTY, I'm in Baltimore area.
#310 of 368
Re: 2009 forester lease [cspro] by Car_man HOST
Jul 23, 2009 (2:41 am)
Reply

Replying to: cspro (Jul 13, 2009 8:15 am)

Hi cspro. The Forester that you described probably has a spread of around $1,900 between its full MSRP and its dealer invoice price. The dealer discount that you were quoted is much higher than that. Plus, the money factor that you were quoted is right ion line with Subaru's buy rate for this model. If you like the vehicle, I personally don't see any reason not to go for it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#311 of 368
Re: 2009 Forester Lease options [vitasthefetus] by Car_man HOST
Jul 23, 2009 (3:07 am)
Reply

Replying to: vitasthefetus (Jul 18, 2009 8:39 pm)

Hi vitasthefetus. Subaru's lease program varies by trim level, term, and mileage allowance. I don't believe that you mentioned what any of these variables are, so for now I will have to make some assumptions. Let me know if you want something different.
 
Subaru's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Forester 2.5X with 15,000 miles per year are .00075 and 53%, respectively. The numbers for an otherwise identical lease of a 2010 model are .00230 and 59%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#312 of 368
Re: 2.5X Lease [dataport] by Car_man HOST
Jul 24, 2009 (1:45 am)
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Replying to: dataport (Jul 22, 2009 1:14 pm)

Welcome dataport. I'm glad that you find this forum so helpful. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Manufacturers' advertised lease payments often leave a little meat on the bone so to speak in terms of the selling price that they are based upon. That makes sense if one thinks about it. Dealers would be pretty irritated if their manufacturer advertised the thinnest possible deal on a vehicle. As a result, savvy consumers who are in an area that has a decent level of competition are often able to negotiate a lower selling price, and in turn a lower monthly payment than the one that is used in official advertisements for vehicles.
 
Conversely, the addition of any options and sales tax will increase a vehicle's advertised payment.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#313 of 368
Re: 2.5X Lease [Car_man] by dataport
Jul 24, 2009 (7:02 am)
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Replying to: Car_man (Jul 24, 2009 1:45 am)

Kudos to you Car Man - After going through these posts and your in-depth knowledge, you have cut through the mysticism of leasing. I know see the variables clearly and how they affect the bottom monthly cost. Have a couple more quick questions:
 
- It appears that 2 of the variables are 'fixed' by Subaru: lease factor & residual. The only issue left for the dealer is the selling price - is that correct?
 
- Are there any issues I need to watch out for that they (Dealer) might try and sneak onto the selling price - freight/destination, extended warranties, etc ?
 
- Do you know if they have a threshold Credit Score to be eligible for a lease? I shouldn't have a problem, but will prob obtain the combined score before applying.
 
- Lastly, is the residual percentages set in concrete by Subaru - or does the Dealer have any variations available to them.
 
Again, a big "Thank You" for cutting through all this red tape.
#314 of 368
Canadian wants to lease from the US by dan2601
Jul 26, 2009 (12:28 am)
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This may be complicated, but maybe there is a way. Since the base price is better in the US, it makes sense to at least think of this option. Also, the Cdn dollar has a decent change to appreciate over the greenback over the next few years (resource-based economy and all).
 
In short, is there a smart way to do this, considering that I do not have any bank account or credit history in the US?
 
Thanks a million,
Dan

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