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Subaru Impreza Lease Questions

300 messages,  Last post on Nov 24, 2009 at 3:25 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Subaru Impreza, Subaru Impreza WRX STi, Car Leasing, Sedan, Wagon




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#173 of 300
2008 impreza 4 door dark gray by csalute
Nov 01, 2008 (12:27 pm)
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Hey Car-Man
Can you give me some input on this deal?
 
2008 impreza msrp $18,640
my price $16609
36 months w/15k a year
$210/month thats with the tax included
$403 drive off
 
Is this a good deal?
Thanks.
#174 of 300
Re: 2008 impreza 4 door dark gray [csalute] by Car_man HOST
Nov 02, 2008 (5:18 pm)
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Replying to: csalute (Nov 01, 2008 12:27 pm)

I'd be happy to, csalute. First let's take a look at the selling price that you were quoted. A base 2008 Subaru Impreza 2.5i Sedan has an gap of around $750 between its full MSRP and its dealer invoice price. I assume that the car that you are interested in is not stripped, so we'll call it $1,000. Add to this the $500 cash incentive that Subaru is currently providing on leases of it, at least through November 3rd and you have a total of around $1,500 to play with. The $2,000 discount that you were quoted looks very good to me.
 
Just make sure that the dealer that you are working with uses Subaru's current buy rate lease money factor of .00070 to calculate your car's lease payment and you're all set. Keep in mind though that the Impreza's money factor varies by trim level so if you aren't interested in a base 2008 2.5i Sedan let me know.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#175 of 300
2009 WRX lease rate? by ttraynor
Nov 18, 2008 (3:51 am)
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Not sure how to make heads or tails from the residual and cost factors--what I'd like to know is the bottom line lease rate for a 2009 WRX with and without premium package, 12000 miles please. Also, does this number reflect getting any/all offers/incentives/typical price negotiations and all monthly fees?
 
Thanks again.
#176 of 300
Re: 2009 WRX lease rate? [ttraynor] by Car_man HOST
Nov 19, 2008 (5:36 pm)
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Replying to: ttraynor (Nov 18, 2008 3:51 am)

Hi ttraynor. It is very important to understand how leasing works prior to negotiating with any dealers. This knowledge will keep you from being taken advantage of. You definitely should check out the following informative articles that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In short, the best way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that gives you the best price calculate your car's monthly payment using its buy rate lease money factor.
 
I can even help you estimate what sort of lease payment to expect on the exact Impreza that you want right now. All I need you to provide me with is its full MSRP and approximate selling price...or its MSRP and its dealer invoice price. The pricing data is available right here at Edmunds.com over in the New Vehicle Pricing section.
 
Let me know and I'll crunch some numbers for you.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#177 of 300
Re: 2009 WRX lease rate? [Car_man] by a13xmy
Nov 20, 2008 (2:48 am)
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Replying to: Car_man (Nov 19, 2008 5:36 pm)

Hi Car_Man,
 
I have searched all over for good numbers on Residual and MF for a 2009 4 door WRX. I'm looking for the 24 and 36 month numbers on a 10k/12k mile lease.
 
Looks like the dealership I am working with will not budge at 500 over invoice so I am stuck with that, so I am looking at capital cost of 25,495.
 
Thanks!
Alex
#178 of 300
2009 Impreza 2.5i 4 dr sedan rate by kafen
Nov 25, 2008 (11:09 pm)
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Hi Car_Man,
 
I am looking for leasing a 2009 Impreza 2.5i 4 dr sedan (auto). The MSRP and invoice prices listed on edmonds.com are $18,495 and $17,651.
 
What's the current money factor and residual value for a 36 monthes lease with 10,000 miles per year? Will they be updated anytime soon? Thanks a lot.
 
Kafen
#179 of 300
Re: 2009 WRX lease rate? [a13xmy] by Car_man HOST
Dec 11, 2008 (2:44 am)
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Replying to: a13xmy (Nov 20, 2008 2:48 am)

Hi Alex. Here's the information that you're looking for. Subaru's current buy rate lease money factor and residual value for a 24 month lease of a base 2009 Impreza WRX Sedan with 12,000 miles per year are .00305 and 69%, respectively. The numbers for an otherwise identical 36 month lease are .00280 and 62%. If you were to lease with only 10,000 miles per year, these residual values would be 1% higher.
 
$500 over invoice is a pretty good deal for this car.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#180 of 300
Re: 2009 Impreza 2.5i 4 dr sedan rate [kafen] by Car_man HOST
Dec 11, 2008 (2:50 am)
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Replying to: kafen (Nov 25, 2008 11:09 pm)

Hey Kafen. Here's the info that you're looking for. Through 1/2/09, Subaru's buy rate lease money factor and residual value for a 36 month lease of a base 2009 Impreza 2.5i Sedan with 10,000 miles per year are .00160 and 64%, respectively.
 
When negotiating your lease on this car, make sure to take the $500 dealer cash that Subaru is currently providing on it into account. With this cash, you should be able to negotiate a selling price of around dealer invoice without too much trouble.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#181 of 300
base 2009 Impreza 2.5i Sedan with 10,000 miles lease by Naren8
Dec 20, 2008 (11:54 am)
Reply
Hi Car_Man,
 
The respone that you had for Kafen was really helpful, do you have Subaru's buy rate lease money factor and residual value for a 24month lease with similar variables (base 2009 Impreza 2.5i Sedan with 10,000 miles)?
 
I'm torn between a 24 & 36 month lease.
 
Would the numbers change if I changed to 12,000 miles per year?
 
Appreciate the help!
 
Naren
#182 of 300
Re: base 2009 Impreza 2.5i Sedan with 10,000 miles lease [Naren8] by mjallen37
Dec 21, 2008 (1:57 pm)
Reply

Replying to: Naren8 (Dec 20, 2008 11:54 am)

Hi All,
    
   I live in the Sacramento area, and the AutoWest Subaru dealer has a special this weekend, a sign and drive lease for the 2009 2.5i at $159/mo + tax, 0 down, 36 mo, 10K per year. This was the best deal I have seen yet. The money factor was .0016, the residual was 11,400. Bumping up to 12K per year was $171/mo +tax, and 15k per year was $181/mo +tax.
   I picked up a blue one yesterday, and we love it!

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