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Prices Paid: Buying & Leasing Experiences 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
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Replying to: jasvic (Mar 26, 2009 1:30 pm) Got in touch with a few local dealers yesterday - so far only heard back from one of them saying that they don't have anything in stock that meets the deal but could order one with 4-6 weeks wait.... Live in NJ so Colorado Springs doesn't do me much good but thank you anyway. I'd need to get that mileage up to at least 12K (probably 15K) and roll around $3,000 in negative equity from my current ride into the deal so I think it's going to be too much for me... damn... thought they were supposed to giving cars away in this economy... guess it's only SUV's and American cars...
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Replying to: jasvic (Mar 27, 2009 7:14 am) Subaru has never given away the WRX. Demand is too high. You're lucky to even find any at the end of March. Usually they are all gone. With 15,000 miles and $3K of negative equity your payment would probably be $505 with sales tax. Not worth it.
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I am currently leasing a 2007 Impreza wagon, which I have fallen head over heels in love with  . My 3yr lease ends Nov. 2009. I currently pay $250/mo. incl. tax, which is quite comfortable for me right now. (Lease terms: 62% Residual on $19,798 MSRP, 12K, 36Mo., $0 down, $18,886 Neog. Price, 0.00169998 Money Factor) I am itching for a new upgrade, a WRX Premium  , and have been toying with the idea of doing so before my lease it up (only 6 mo. to go). Problem is, I'm going back to graduate school for chemistry this fall and money will not be as plentiful as it is now with a FT job. I remember in Sept.-Nov. of 08, I was looking around dealerships for options and they kept trying to sell me on the leftover 08 WRX models that were fully equipped for the $250 price range. All good and dandy, but I really liked the 09s better. So my question is... Can I get a deal, as close as possible to the price I have now, with a 09 WRX premium package now (in April/May) or should I just wait until I get closer to November for a better deal?  I know the price range sounds crazy, but last year they were desperate to get rid of the 08s and I'm hoping they'll be just as desperate this year to get the 09s off the lot in time for 10s. My car is very low miles (just hit 20K a few wks ago) and is very well maintained, so I don't know if I might be able to get any credit towards my new one. (And I'm assuming with the price I'm looking for, I should probably put at least put 1-2K down). But I guess it all comes down to the money factor and the residuals. Will they get better or worse closer to November? Opinions, suggestions, comments? Thanks in advance! |
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Replying to: chuck68516 (Mar 27, 2009 10:27 am) I've always wanted to visit Colorado though! So the WRX is probably out of my reach... Maybe a 5 speed 2.5i... So I'm currently in a 1998 A4 1.8T AWD with 141,000 miles on it that I still owe $4,000 on (got it before I graduated, got a job, and fixed my credit.. had tiny payments and huge interest and now just want to be done with the darn thing) KBB for fair condition is $2,600... runs pretty well considering the age (had timing belt replaced around 120,000) but interior is a bit beat up so I'd be happy (and lucky) to get $2,000 for it. I guess I'd want to lease a basic '09 5-speed 4-door 2.5i for about 36 months with minimum due at signing... have them give me $2,000 for my car and I pay the other $2,000 at signing or have them roll it into the lease... Any idea what range a fair monthly would be on that? Thank you for your time and advice, much appreciated.
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Replying to: jasvic (Mar 27, 2009 2:38 pm)
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Replying to: chuck68516 (Mar 27, 2009 7:51 pm) MSRP: $20,839 (seems low based on the MSRP you gave for the stock?) Invoice: $19,701 TMV: $20,008 Base Cap Cost: $20,000 Additions: $2,000 (balance on my trade if I'm lucky) Residual: 61% or $12,712 Money Factor: .00220 Term: 36 months Sales Tax NJ: 6% Monthly: $334.37 + $20.06 tax = $354.43 and $350 was my sweet spot... Did I do this right? Payment too high / low? What should I expect to pay at signing for fees etc..? I'm going car shopping later today and will probably try to get this deal... Thanks again for the help - I would have been absolutely clueless
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Replying to: jasvic (Mar 28, 2009 5:26 am)
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Replying to: chuck68516 (Mar 28, 2009 8:32 am) 2009 5 speed Impreza (9JC) Sedan Premium Package w/ ipod hookup and subwoofer. MSRP: $21,428 Cap Cost: $20,271 Rebate: ($1,000) Fees: $797.50 Tax: $672.81 (paying at signing) Motor Vehicle: $250.00 Adjusted Cap Cost: $19,271 Due at Signing: $1,959.52 Monthly: $239.21 Your numbers were right on: 60% residual and .0019 money factor 36 months, 15,000 miles per year. $300 disposition with $0.15 over mileage charge. The kicker - they are giving me $3,000(!!!) for my Audi and I'm just going to pay off the remaining balance of $1,000 up front (they would have rolled it in but I prefer it this way) One problem - they didn't have it in stock. They said they will find it for me (left them a fully refundable $500 deposit) So I'm wary of a bait and switch in which case I'll walk away, but as long as they deliver I'm going ahead with the deal! Just hope my credit doesn't kill the deal, they didn't run it yet but it's 650 to 700 range.... guess I'll find out Monday. Thanks so much the help!
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Replying to: jasvic (Mar 28, 2009 12:38 pm) You'll need a credit score of 700 or higher to qualify for the top tier .00190. Good luck.
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I'm buying the 09 Impreza 5-door with navigation. Very hard to find here in the Midwest. Planning to close the deal tonight (Monday). The dealer (who I found on Edmunds) quoted me "MSRP of $24,158. Your special internet price is $21,407. Price includes all available rebates & incentives & DESTINATION FEE ($670). Price + tt&l." Using Edmunds lease calculator, I entered $21,407 + 10% tax + $321 title & reg. I entered a residual price of $14,736 (61% of MSRP - is that right?), money factor .0019, 12Kmiles/year, and got a monthly price of $289.85. Am I doing it right? Thanks for your help.
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