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Prices Paid: Buying & Leasing Experiences Subaru Forester Lease Questions
370 messages, Last post on Dec 08, 2009 at 11:05 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Jul 24, 2009 1:45 am) - 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.
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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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Replying to: Car_man (Jul 23, 2009 3:07 am) I guess do the math for your given situation. |
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Hello Hello!! This forum has really helped me to understand the negotiation details of a lease. I do not, however, understand the relationship between what you initially put down and your monthly payments. For example, I said I would put down 1250 w/12 k miles/year on a 2010 Forester 2.5x Premium (~26,800 MSRP.) The dealer came back with a deal for 10k/year and 396+tax (!!)/month. Granted, that was the first offer. Had I decided to stay longer perhaps we could have gotten somewhere, but still that seemed awfully inflated. Since he wouldn't tell me what the Money factor or residual value % was, I had to backsolve that information, but still how would my $1250 affect my monthly payment total? -PLEASE EXPLAIN HOW INITIAL MONEY DOWN AFFECTS MONTHLY LEASE PAYMENTS. If there is a formula, please share. THANK YOU SO MUCH 
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Went to test drive and talk about leasing a forester today....salesman acted like he didn't know what I was talking about when I mentioned the lease that is currently advertised by Subaru on their website for the forester (approx 1600 down and approx 250ish a month for 36 months)...he tried to tell me why that price wasn't available and that the 09s were almost all sold out so I'd have to look at a '10. Any advice on how to get the lease terms that are actually advertised? I strongly dislike dealing with care salespeople but really like this vehicle...
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Replying to: gunrockbeach (Aug 08, 2009 6:10 pm) |
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Since I never received a response to my question above, I continued my search and found a much nicer deal with Audi. Granted, I had to compromise on having 4WD, and my passengers may feel cramped in the back seat during a 7 hour road trip. Audi's lease offer on the A3s, in the end, steered me away from Subaru. The price matched the worth of the car and that's exactly what I set out to accomplish when I started this journey!
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Replying to: dataport (Jul 24, 2009 7:02 am)  . You are absolutely right. The main variables for a lease are the money factor, residual value, and selling price. One needs to know the MSRP as well to work up a lease payment, but that number is a constant. Some dealers attempt to mark up vehicles' acquisition fees or money factors to try to add additional, hidden dealer profit to deals, but that sort of thing is much more common with luxury brand dealers than with Subaru dealers. I'm not sure of what sort of credit score is required to take advantage of Chase's best lease money factors for Subarus, but I can look into it for you. Vehicles' residual values are indeed set in stone by the bank that you are leasing through. Individual dealers do not have the authority to alter them. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: dan2601 (Jul 26, 2009 12:28 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Hi, I have the following deal in place but I wanted to check on the money factor: 2010 2.5X Premium MSRP 25215 Sale Price 23400 MF .00270 Residual 62% 15k miles a year 36 months. With a trade of a 2005 subaru legacy GT wagon where they are giving me 9800 and wiping out 2900 in negative equity gives me a monthly payment of 429.17 a month with 1383 due to pay tax/title/registration I live in franklin county NY where we pay 8% on sales tax. I have checked with four other dealers who can't even come close to this deal, especially with the trade so I'm pretty sure its a very good deal but I'm just wondering about the 2010 MF. Please let me know as soon as you can CarMan. Thanks Stephen
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