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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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#51 of 368
'Splain it to me! (lease question) by dcdame
Jan 21, 2008 (7:09 am)
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Replying to: Car_man (Sep 17, 2007 2:19 am)

Warning - some of this is probably TMI for my question, but I thought I'd put it in context just in case the additional detail is relevant.
 
From what I see so far, I like the '09 Forester redesign. Still, I don't really NEED to buy a new car and think waiting to buy the 2010 model is a good idea (for a potential better transmission and any other sophomore improvements).
 
My current daily driver is an Atlantic Blue Pearl '05 Turbo Baja with the leather package and options galore (including the hard bed cover, which is not entirely watertight). It has only 34K miles (dealer serviced), is in great shape, and hasn't given me a moment's problem. I could add a cap (for 1700 OTD), get the enclosed space I now want, and just wait until 2010 to buy a new Forester, but by then the Baja will have 50K miles and I'm guessing that the cap probably won't improve resale/trade value.
 
So, I've been thinking about looking into leasing an '08 Forester for 24 months - that way, I can turn it in at the end of 2 years, just in time for the 2010 models to be clearing out for the '11s. So far, so good -- I just need to find out what terms are reasonable. But . . . here's the part I don't understand. If I want to do the entire transaction with a Subaru dealer, how do I deal with a trade? I owe about $11.6K on the Baja (at 2.9% - 20 more payments $590/mo.). I've never leased a car before.
 
I would be most grateful for any insight/advice on this - TIA.
#52 of 368
Update to my last by dcdame
Jan 21, 2008 (8:20 am)
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Replying to: dcdame (Jan 21, 2008 7:09 am)

Okay, I decided to read this entire thread (which I should have done first) and see that trading a car in a lease transaction is not an issue. I've also gathered that I'd be better off, risk-wise, getting paid any equity and not using it for a down payment.
 
So, should I shop my trade via various Subaru used car departments and, meanwhile, separately ask for quotes on a lease (i.e., not on the same visit - I could ask for lease quotes via fax and meanwhile visit various Subaru dealerships - there are at leaset a dozen within an hour's drive max). I suspect I'll probably get the best lease offer from the guy who sold me the Baja (his dealership has the lowest price on an LLB), but his dealership already has 3 used Bajas on the lot, so I probably won't get as good a trade offer as I would from one that has zero).
#53 of 368
Help on 2008 XT by aceonthebeach3
Feb 21, 2008 (2:33 pm)
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Hey carman could you help? I am looking to lease a forester, I want a turbo and leather. The leather I can have put in aftermarket. the one I was looking at was a sports 2.5XT with a auto tranny and a turbo boost gauge and that is it. I build my own and the msrp was $28,870. what are some lease numbers, 36 or 48 months 12, 15k a year. thanks for your help...... I am in Myrtle Beach SC
#54 of 368
Re: Help on 2008 XT [aceonthebeach3] by jmpage2
Feb 25, 2008 (9:28 am)
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Replying to: aceonthebeach3 (Feb 21, 2008 2:33 pm)

You would absolutely NOT want to spend the money to put in aftermarket leather in a car that you LEASED, technically you would be violating the lease terms if you ripped out and replaced the upholstery.
#55 of 368
Re: Help on 2008 XT [aceonthebeach3] by Car_man HOST
Mar 17, 2008 (1:25 am)
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Replying to: aceonthebeach3 (Feb 21, 2008 2:33 pm)

Hi aceonthebeach3. You probably shouldn't install aftermarket leather seats in a leased vehicle. For one, you will never get the money that you paid for them back. Your leased vehicle's residual value is based upon a percentage its base MSRP plus the MSRPs of any factory-installed options. Furthermore, you may not even be allowed to make such a major change to a vehicle that technically is not yours, it's the bank's. If you really want leather, go with a Forester that comes with it.
 
The lease payment for the Forester that you are interested in will vary depending upon what its selling price is. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. A base '08 Forester 2.5 XT has a spread of around $1,700 between its full MSRP and its dealer invoice price. Plus the Sports 2.5XT has $750 lease cash available on it. That gives you a total of $2,450 to play with during your negotiations. For the purpose of calculating a lease payment for you, I will assume that you are able to negotiate a $1,500 discount. According to my calculations, the zero down, pre-tax monthly payment for a 36 month, 15,000 mile per year lease of an '08 Foreter 2.5 XT that has an MSRP of $28,870 and a selling price of $27,370 through Subaru's captive finance company right now the payment would be around $420. With only 12,000 miles per year, this payment would drop to around $413. The 48 month payments for an otherwise identical lease would be $399 with 15,000 miles per year and $388 with 12,000.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#56 of 368
2009 Forester Lease by rebatechamp
Apr 04, 2008 (2:33 pm)
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Does anyone know the money factor and residuals for the 2009 Forester 2.5 X Premium with automatic transmission and PZEV for 24 and 36 (or 39) months?
I was surprised to already see the special lease for the 2009 Forester on the Subaru site. I didn't think that Subaru would be offering leases for the 2009 model year vehicles until the fall.
#57 of 368
09 forester lease by kbzon
Apr 05, 2008 (8:08 am)
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Hi Carman, i'm looking to lease a 2009 forester xt limited w/navi MSRP is 31497. selling price is $29500.00 what are the residual for 36 month lease 15k year.
 
NG
#58 of 368
Re: 2009 Forester Lease [rebatechamp] by jackson41
Apr 06, 2008 (9:21 am)
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Replying to: rebatechamp (Apr 04, 2008 2:33 pm)

shopped for a 09 premium yesterday.
24 month 10k miles residual's great at, if i recall properly, .76; but MF's not so good at .0023 (5.5% equivalent). 36 months was .62 (give or take a point) and .0019, (4.5%)
#59 of 368
2 Forester 2009 Quotes by kofasetic
Apr 06, 2008 (2:06 pm)
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I reside in NYC and received 2 quotes for a 2009 Forester 2.5X Premium (9FD). I wanted a 36 month/10k/$0 money down (sign and drive) based on a MSRP of about $25K and these were the results:
 
Dealer #1 (Englewood, NJ): $345 mo/12k yr/ with tax
Dealer #2 (Long Island City, NY) : $350.23 mo/10k yr
 
I presented the dealers the lease worksheet, which includes ALL, from The LeaseGuide and asked them for the numbers so I can calculate lease payments and they just did it themselves. I requested again so I can double check the numbers and then they presented me with the above monthly rates. These are based on MSRP not any Adjusted Cap Cost (i don't have a trade-in).
 
Any feedback will be much appreciated.
#60 of 368
Lease Residuals and Money Factors by rebatechamp
Apr 11, 2008 (1:16 pm)
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Carman, can you post the residuals and money factors for a 36 and 39 month lease for the 2009 Forester 2.5X Premium auto trans (9FD) for 10k and 12k miles?
Much appreciated. Thanks.

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