- #358 of 365
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Re: 2010 Forester X Premium Lease [garybob]
by dataport
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Oct 17, 2009 (7:36 am)
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Replying to: garybob (Oct 13, 2009 7:27 am)
I use a good lease calculator at http://www.leaseguide.com/calc.htm using the MF and Residuals posted here. I'm going in next week and getting a 2010 Premium X all-weather: 10K mi, 36 mo. 6% tax, $3300 down.........$215/mo. I'm pretty sure I can get this down closer to $200/mo by negotiating the Cap Cost down to where it should be.
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- #359 of 365
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Re: 2010 Forester X Premium Lease [dataport]
by djhalptert
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Oct 18, 2009 (7:53 am)
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Replying to: dataport (Oct 17, 2009 7:36 am)
If you are putting down $3300 why not just buy it. You can get 3.9% for 60 months. You should never put money down on a lease as it defeats the entire purpose of leasing. Having said that, $215 a month on a Premium seems very high if you are putting down $3300. I had a quote on a Premium with zero down for $318 w/ tax.
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- #360 of 365
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Re: 2010 Forester X Premium Lease [djhalptert]
by dataport
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Oct 18, 2009 (9:15 am)
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Replying to: djhalptert (Oct 18, 2009 7:53 am)
Nope, $215/mo was right in line. Specific were MSRP 25500, Cap 24000, 3300 down to reduce cap cost. MF of .00210, Residual 16331. Tax 6%. Calculator shows 199 plus 12 tax/mo. Without the down to reduce the cap (zero down), it would be around 300/mo. Just a personal preference - 3300 down upfront, or +100/mo for the 36 months.
Purchase even worse. 24000 - 3300 down = 20700. 5 yrs at 3.9% puts it close to $400/mo....not worth it to me.
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- #361 of 365
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Re: 2010 Forester X Premium Lease [dataport]
by djhalptert
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Oct 18, 2009 (4:56 pm)
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Replying to: dataport (Oct 18, 2009 9:15 am)
Whatever calculator you are using is wrong. 2010 Subaru Forester 2.5X Premium with 10,000 miles residual is 62% and money factor is .00210. If your cap cost (sale price) is $24,000 and you put down $3300. Net cap would be $21,295 including $595 acquisition fee. Residual is $15,810. Monthly payment would be $236 including tax. The problem is you need to negotiate more off the sale price.
You should never put down money on a lease. Even if you think it lowers your payment by $100 it is still not a good idea. If your car is stolen or totalled in an accident a month into your lease, you are out $3300. Put that money in a savings acount and pay your $100 higher lease payment with it. It's less of a risk.
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- #362 of 365
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2010 Premium xt
by dcolatriano
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Oct 20, 2009 (2:50 pm)
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I just received a quote of $398/month with zero down.
Cap cost $25,696
Acquisition Fee $895
9% PA Tax
57% resid
.00260
Should I keep shopping or is this good?
My credit is A1. Would that affect the money factor?
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- #363 of 365
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Re: 2010 Premium xt [dcolatriano]
by stoopy
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Oct 20, 2009 (4:52 pm)
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Replying to: dcolatriano (Oct 20, 2009 2:50 pm)
Last I heard it was 62% residual (10K, subtract 1% for 12K and 2% for 15K) and .00210 money factor. Looks like they are taking you for a ride. Acquisiton fee should be $595 not $895. The dealer can adjust any number they want and a shady dealer like the one you are dealing with will probably adjust them all. If you have over 700 FICO you should be at Tier 0 or 1 which is .00210.
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- #364 of 365
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Re: 2010 Forester X Premium Lease [garybob]
by Car_man HOST
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Nov 24, 2009 (3:15 am)
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Replying to: garybob (Oct 13, 2009 7:27 am)
No problem garybob. The easiest way for me to evaluate this deal would be to take a look at the selling price that it is based upon in relation to either its full MSRP or its dealer invoice price. Let me know what these numbers are and I'm sure that either myself or another knowledgeable community member will tell you what they think.
Car_man
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- #365 of 365
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Re: (Car_man) 2010 Premium Lease 12k Miles 36 or 42 months [mezztro113]
by Car_man HOST
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Nov 24, 2009 (3:17 am)
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Replying to: mezztro113 (Oct 17, 2009 7:19 am)
Here you go mezztro113. Subaru's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Forester Premium with 12,000 miles per year are .00175 and 59%, respectively.
The numbers for an otherwise identical 42 month lease are .00180 and 54%.
Car_man
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