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Subaru Forester Lease Questions

304 messages,  Last post on Jun 22, 2009 at 7:48 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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#99 of 304
Re: Subaru Forester X Limited Residual [shonuff] by Car_man HOST
Aug 22, 2008 (3:51 am)
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Replying to: shonuff (Aug 16, 2008 9:30 am)

Here you go, shonuff. I don't believe that Subaru has an "X Limited" trim level of this model. It has an "XT Limited" and an "X Premium." For now I'll give you the scoop on the TX Premium. Let me know if you want something different. Subaru Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Forester XT Limited with 15,000 miles per year are .00175 and 56%, respectively. The residual value for a lease with only 12,000 miles per year is 1% higher. The addition of navigation reduces its residual value by 1%.
 
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Prices Paid: Buying & Leasing Experiences Forum
#100 of 304
Re: 09 Forester XT - Residual/Money Factor? [windowsill] by Car_man HOST
Aug 22, 2008 (4:08 am)
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Replying to: windowsill (Aug 16, 2008 7:42 pm)

Hi windowsill. Subaru Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Forester XT with 12,000 miles per year are .00160 and 62%, respectively. This lease program should be the same at all dealers.
 
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#101 of 304
2009 Forester 2.5X Premium w/ Cold Weather Pkg by weswaz
Aug 25, 2008 (3:19 pm)
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Wanted to share the results from the lease we ended up with over the weekend in So. Cal.
 
Subaru Forester 2.5X Premium w/ All Weather Package, aero cross bar, rear bumper cover, splash guard, ipod interface...
 
36 Month Lease; 10K miles per year
MSRP: 25388
Base Cap: 23083 (about $700 under invoice)
Money Factor: .00175
Residual: 62%
 
I thought I could get better on the money factor w/ 740+ FICO score and a percentage better on the residual for lower miles... but the three lowest bidders wouldn't budge.
 
$600 out of pocket, $322 a month (includes 7.75% tax). I'm not complaining!
 
Worth noting for those in the So Cal market... of the 10 dealers in the OC, IE, and SD I sent email requests to, three were very competitive.and under invoice. Those dealerships were San Bernardino (where I bought mine... in and out in about an hour including a test drive), Irvine, and Puente Hills. The others quoted out of pocket fees of $700-100 and monthly payments of $340-366, or otherwise chose not to quote and instead insisted that I needed to come to their dealership. Something I found very effective... when emailing my request for a price, money factor, residual values I included the VIN # of the vehicle I was most likely to buy from the inventory listed on the dealers website.
#102 of 304
Re: 2009 Forester 2.5X Premium w/ Cold Weather Pkg [weswaz] by andreym
Aug 25, 2008 (5:15 pm)
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Replying to: weswaz (Aug 25, 2008 3:19 pm)

This sounds like a great deal, congratulations!
Did you contact Thousand Oaks or Sherman Oaks dealerships? I've been looking at their inventories, both have a fairly decent number of Foresters sitting on the lots..
 
thx
#103 of 304
Re: 09 Forester XT - Residual/Money Factor? [Car_man] by windowsill
Aug 27, 2008 (12:58 pm)
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Replying to: Car_man (Aug 22, 2008 4:08 am)

Car Man - thank you very much!
 
I have a question for you - we got our lease a few days before you responded. Our lease is 36 month, 12,000 miles for a Forester XT. the dealer gave us the 62% residual, however, our money factor is .002XX (i don't have my numbers in front of me, but it was something like .00246 or something like that)
 
We SPECIFICALLY asked about the money factor and the salesman and the finance guy said that they don't control the money factor. That it could only go up, it could not go down.
 
Was this a lie? Do I have any recourse? And if I went back to the dealership and called them on this, what kind of support could I use? (not sure, "the car man from the internet said so" , would work
 
thanks for all your help! we do love our car! but it really makes me upset if they sat there and lied to my face!
#104 of 304
Re: 2009 Forester 2.5X Premium w/ Cold Weather Pkg [andreym] by weswaz
Aug 29, 2008 (4:26 pm)
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Replying to: andreym (Aug 25, 2008 5:15 pm)

Those were out of my shopping radius. Check Irvine's inventory... it's huge. Might be worth the drive. I'd assume you should expect similar pricing to what they quoted me which was very close to what I paid in San Berdoo. I used the contact button right from their webpage.
#105 of 304
September lease offer by research1st
Sep 05, 2008 (5:53 pm)
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Seems like a good deal. Does anyone know the specifics of the college grad discount? Can it be applied to the lease?
#106 of 304
Re: 2009 Forester 2.5X Premium w/ Cold Weather Pkg [weswaz] by Car_man HOST
Sep 12, 2008 (3:32 am)
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Replying to: weswaz (Aug 25, 2008 3:19 pm)

Congratulations on getting your new Forester, weswaz. Thanks for taking the time to share the details of your lease with anyone. If you'd like, you can stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new ride !
 
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Prices Paid: Buying & Leasing Experiences Forum
#107 of 304
Re: 09 Forester XT - Residual/Money Factor? [windowsill] by Car_man HOST
Sep 12, 2008 (3:38 am)
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Replying to: windowsill (Aug 27, 2008 12:58 pm)

You're very welcome, windowsill. The finance guy who told you that dealers don't control money factors wasn't completely telling the truth. It is true that dealers cannot lower banks' published buy rate lease money factors, dealers are often allowed to mark them up to add additional, hidden profit to deals. I am not sure if Subaru Finance allows dealers to mark its money factors up, but I would not be surprised if it did. Unfortunately, once you have signed your lease and physically taken delivery of your vehicle there really isn't anything that you can do to change your deal.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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