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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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#249 of 300
Re: Impreza WRX lease [chuck68516] by jasvic
Mar 30, 2009 (5:17 am)
Reply

Replying to: chuck68516 (Mar 28, 2009 7:30 pm)

Crap I'm boned then...
 
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
#250 of 300
Re: Why don't these numbers match mine? [mattf2] by lch77
Mar 30, 2009 (7:03 am)
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Replying to: mattf2 (Mar 29, 2009 8:43 pm)

Matt
 
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.
#251 of 300
VIP Lease by randomlogin
Mar 30, 2009 (8:59 am)
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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?
#252 of 300
WRX numbers by z2adambomb
Mar 31, 2009 (9:20 am)
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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.
#253 of 300
Re: WRX numbers [z2adambomb] by skaswing17
Mar 31, 2009 (6:50 pm)
Reply

Replying to: z2adambomb (Mar 31, 2009 9:20 am)

Holy cow! Yeah, I guess I'll definitely wait at least till April's numbers come out before I decide on whether or not lease a WRX Premium now. I was hoping someone here would know historically how the money factors and residuals have changed over the summer into early fall. Thanks for the info z2adambomb, please let me know if you get any updated info.
#254 of 300
Lease on Impreza wagon with navigation and satellite radio by mattf2
Mar 31, 2009 (8:45 pm)
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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.
#255 of 300
leasing question by sdfoer
Apr 01, 2009 (7:14 pm)
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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
 
#256 of 300
Re: leasing question [sdfoer] by stoopy
Apr 03, 2009 (8:29 am)
Reply

Replying to: sdfoer (Apr 01, 2009 7:14 pm)

You CAN lease a car with a Tier IV credit score of 620 although you wouldn't want to. The finance charge (money factor) is more than twice that of a 700+ Tier I. Wouldnt make any financial sense.
 
Buy it on a 60 month bank loan, it will be way, way cheaper.
#257 of 300
Re: Lease on Impreza wagon with navigation and satellite radio [mattf2] by chuck68516
Apr 03, 2009 (8:46 am)
Reply

Replying to: mattf2 (Mar 31, 2009 8:45 pm)

Actually, the Money Factor for Tier I is .00220 not the .00270 you got. You are probably Tier II. 39 month would've also been .00220 not .00269. They effed you if your credit score is actually above 700.
 
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.
#258 of 300
The details of our new Outback Sport by lch77
Apr 03, 2009 (8:49 am)
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I still think my "quick" check of lease prices takes everything (MSRP, MF, Cap Cost, rebates and residual) into account. I base it on minimal money down (title & doc fees, etc.), 36 months and 15,000 miles per year. Just divide the MSRP by the monthly payment. 70-75 is typical. 80 is very good. 90 is excellent, and 100 and over is great. As a test, try this on any lease you're looking at. Of course, the best way is to convert all of your costs into PV using your personal opportunity interest rate (not the MF), but this method is complicated and time consuming.
 
Anyway, now that I am reviewing the details below (lease factor of 74 - not too good), but it looks like I'm paying within $26 of Invoice less $1000 in rebates plus acquisition fee.
 
2009 Subaru Outback Sport with iPod interface, splash guards, armrest extension with an MSRP of $22,208.
 
MSRP: $22,208
Edmunds Invoice: $20,997
Aquisition fee: $595
Residual: $12658.56 (based on the above 58%, it appears that the splash guards are included in the residual, but the iPod interface and arm rest extension are not)
Car Show Coupon: $500
Factory Rebate: $500
Cap Cost: $20,566.35
MF: .00220 (as reported here, not from the dealer)
 
Monthly Lease: $301.73 plus 9% PA tax= $328.89
OTD: $549 ($328.89+doc, license, title fees of $220.11)

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