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Prices Paid: Buying & Leasing Experiences Subaru Impreza Lease Questions
301 messages, Last post on Nov 30, 2009 at 3:18 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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Replying to: chuck68516 (Mar 28, 2009 7:30 pm) Experian - 656 Equifax - 679 Transunion - 690 Any idea what the money factor on the next tier is so they don't bump it higher than it should be? Thanks |
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Replying to: mattf2 (Mar 29, 2009 8:43 pm) Here are things that could change the rate: 1. In post #243, Chuck wrote that 61% and .0019 are for 15,000 miles per year. If you want 12,000, I'd expect the residual to be higher. That's good for you. Check these boards to see if it's posted. 2. The "internet" price and rebates usually apply to purchaseprice. The fine print usually says it cannot be combined with other offers (like the .00190 MF). Therefore, you might not get $21,407 as your base cap cost in the lease calculations. 3. Different States apply the lease sales tax differently. Some add the the sales tax percentage to the cap cost and roll into the lease, as you did. Others, like here in PA, use a different percentage and add to the monthly lease price. Go to the incentives portion of Edmunds to see the special lease deals available to the Subaru's. Good luck. |
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I am leaning towards leasing an 09 WRX 5 door. I can take advantage of the Subaru VIP program through IMBA, and I was wondering what I could expect for a 10k/year 36 month lease. For tax, I am in Vermont, so 6%. I would be leasing though Burlington Subaru. Although I would prefer an XT Outback, I think it is going to be way to much  Thanks in advance for your help. PS, did I hear there might be a rebate for the sales tax on vehicles purchased/leased this year?
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I figured I'd post the numbers I got yesterday for WRX's. The lease rates aren't really relevant since I didn't negotiate any further once I saw the money factor. I was quoted with a 0.0033 money factor on both the WRX base and Premium. Based on 12k mi/yr 36 month leases, the base had a residual of 58% and the premium 55%. It's really unfortunate, I know they'd bring the buying price down quite a bit, and the residual is very good, but the money factor kills leasing a WRX right now. Hopefully the April numbers will be better.
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Replying to: z2adambomb (Mar 31, 2009 9:20 am) |
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I closed Monday on a 2009 Impreza wagon with navigation and satellite radio in the Chicago area. The MSRP with options was $24,158, but they sold it to me for $21,407 after a $750 rebate (several hundred dollars below invoice). The Tier I money factor was .0027 for 36 months, .00269 for 39, .00266 for 42 months, and .00274 for 48 months. The residual value was 52% for 36 months, 50% for 39, 49% for 42 months, and 44% for 48 months. I went with 42 months. An independent leasing company told me the residual on the Impreza wagon is lower than the sedan; apparently fewer people want to wagon. (I think that's weird, but I like hatchbacks.) Thanks for your help.
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how you guys doin.me and my wife recentlly went to a subaru dealer in nj she was interested in leasing a impreza they ran her credit and then told her she couldnt because she had a credit score of 635 she filed bankruptcy 4 years ago and everything is discharged can yo get a lease even tho you dont have perfect credit? this is our first car we are trying to get so the game is new to us any help is appreciated thanks in advance 
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Replying to: sdfoer (Apr 01, 2009 7:14 pm) Buy it on a 60 month bank loan, it will be way, way cheaper. |
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Replying to: mattf2 (Mar 31, 2009 8:45 pm) Why would you lease for 42 months? You are going to be out of warranty for 6 months. Plus you'll have to put new tires on it before you turn it in. I'm guessing your payment is just over $355 a month unless you put money down. Not a good deal at all in my opinion. |
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