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Prices Paid: Buying & Leasing Experiences Subaru Impreza Lease Questions
297 messages, Last post on Oct 31, 2009 at 7:26 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 (May 22, 2008 2:37 am) 5sp & Auto?
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Replying to: whtcldjd (May 27, 2008 10:37 pm) |
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So I got a sales manager to tell me that Subaru gives them extra dealer $ to get people into 24 month leases. He told me $500. They lease thriugh Chase at .0324 annual rate. Then he offered me two deals. Both were for a basic 4 dr Impreza sedan, auto, 24 months, 10,000 miles and a down payment equal to the first month payment of 199 (that includes 5% sales tax). He used a residual of 72% . Then I asked him to include the $1,500 prem pack and he quoted me 199, same terms except the residual went to 74% b/c of the package. Then I e-mailed another dealer and he quoted me $245 on the same deal for $165 above. Does this sound familiar to anyone? |
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Does anyone know what the current buy rate lease/MF is for an '08 Subaru Impreza WRX and WRX STI as of June? What about the residual? Also it seems as if the residual is different for different people for what appears to be the same model/trim, why is that? I'm about to go visit the local dealer soon so if anyone knows this info, it would be a great help. Thanks!
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I've leased a 2006 Subaru Impreza 2.5i (manual shift) and would like to "trade-up" to a Legacy (Automatic) at the same dealership. I talked to the dealership and he told me they can't do a trade, but they can give me a trade-in value (appraise the car) for my leased car and then lease me another car (meaning that they're 2 separate transactions). I've searched on the internet a bit and saw that many people don't recommend trading in a leased car because it's most likely a ripoff. I'm stressing now because I have so many questions! 1. I read online that if I return the car then there must be early termination fee and it will be factored into my new lease, making it more expensive. They are having a promotion on leasing the Legacy, but most likely they won't give the deal to me because they'll have to pay all the extra? 2. Is it possible that they take my car, saying that I don't have to make payments anymore, but later the leasing company bill me for the early termination fee? I'll have to make sure that there's no sudden payment popping up from somewhere else? I'm thinking about still going to the dealership and see what trade-in value I can get and go from there. What can I expect? What are important questions that I have to ask and look out for? I don't know if it helps, but this is my situation: My boyfriend and I have two cars, he recently got his old car back from a friend so now he has 2 cars. He's happy with the old car and doesn't need the leased Subaru anymore. His mother is willing to take the remaining of the lease (essentially just making the payments for him since Chase Auto Finance doesn't allow lease takeover) but would like a Automatic Legacy. I appreciate any help and if there's any info missing please ask me! Thank you for your help!
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Replying to: whtcldjd (May 27, 2008 10:37 pm) The money factor and residual value that you mentioned look about right to me. Let's work up a lease payment on this car and see what we come up with. According to my calculations, if you were to lease a 2008 Subaru Impreza that has an MSRP of $23,212 and a selling price of $20,883 for 36 months using the lease program that you mentioned, its zero down, pre-tax monthly payment would be around $270. Since the dealer that you are working with is already using Subaru's buy rate lease money factor, the only way to get a lower monthly payment than this would be to negotiate a lower selling price, which would probably be difficult given how much below dealer invoice this car already is. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: azbriank (May 29, 2008 2:46 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: trackwrench (Jun 06, 2008 8:06 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: adrian12 (Jun 07, 2008 8:48 pm) You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: trackwrench (Jun 06, 2008 8:06 pm) |
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