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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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#259 of 300
impreza lease by sdfoer
Apr 03, 2009 (9:01 am)
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thanks for the help....we are going to buy either a impreza or mazda 3 well see....its just dealing with the shady salesmen sometimes gets frustrating first car so we are learning as we go to dealers and hlp wit purchasing options is appreciated
thanks again
#260 of 300
Re: The details of our new Outback Sport [lch77] by indianajohns
Apr 04, 2009 (9:16 am)
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Replying to: lch77 (Apr 03, 2009 8:49 am)

There really is no need to do any kind of "GUESSTIMATES." It only takes 30 seconds to calculate a lease down to the penny. All you need is the MF, Residual, MSRP, Selling Price + fees, sales tax rate. It literallly takes half a minute to figure. I could see inventing some kind of shortcut if it was a Good WIll Hunting type equation but it isn't. Basic math skills will give you an EXACT payment in mere seconds.
 
Also, the 15,000 mile residuals for a 2009 Outback Sport AT is 65% on 24 months, 57% on 36 months and there are no factory rebates to customer. There is $500 in manufacturer to dealer cash. I've seen selling prices for these at $19,500 plus the acquistion fee. Don't even bother to check TMV price. Doesn't equate to anything. Monthly payment for 15K, 36 months would be $303.87 including tax. 12,000 miles would be $297.68 including tax.
#261 of 300
2009 Subaru Impreza Premium Pkg by wonwayout
Apr 04, 2009 (9:44 am)
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I just leased a 2009 Impreza, automatic transmission with Premium Pkg plus a remote auto start and iPod adapter. 36 month lease, 10k miles per year. $950 down, $275/month. Buyout is $12,300. Seemed like a good eal. enjoying the vehicle so far. FYI, this was from a northern NJ Subaru dealership, leased through their arrangement with Chase.
#262 of 300
Re: The details of our new Outback Sport [indianajohns] by lch77
Apr 04, 2009 (11:18 am)
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Replying to: indianajohns (Apr 04, 2009 9:16 am)

True you can do that with a lease calculator after you get those factors, but the only place I've been able to find out what they are is when Car Man posts them. Also, I believe your numbers are for the Outback, not the Imprezza Outback Sport, correct?
 
My lease factor is not used to determine what the lease is but "is it a good deal?" And this is "is it a good deal versus any car you can lease" versus "is it a good deal" on this particular car." My deal was based on $1000 under Invoice, a .00220 MF and an approximate 58% residual. I think it was about as good as can be had for THIS car in March/April 2009 so in that perspective, it was a good deal, but the lease factor of only 74 tells me that there are better deals out there for other cars.
 
If you go to Suburu's website, you see a lease offer that gives a lease factor of over 100. Well, at fist that looks great compared to my 74 but requires $1120 down and only 12K miles. Even with that, it's pretty good as to get that rate they used a 62% residual and an approximate .00180 MF. Delete the down payment and increase the miles to 15K and comparable lease goes to about $220 or a lease factor of 82, which I think is pretty good.
 
So how can they advertise a 84 factor when i only got a 74%? Probably, the OBS has options that don't residualize as well and they used a "teaser" MF to get you into the store.
#263 of 300
Re: The details of our new Outback Sport [lch77] by chuck68516
Apr 04, 2009 (3:31 pm)
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Replying to: lch77 (Apr 04, 2009 11:18 am)

Those are the numbers I have for the Impreza Outback Sport (9LK) as well. 57% & .220
 
You could finance this car through Subary at 2.9% for 60 months wiith a payment of $376. Then you could claim the sales tax (financed in) as a deduction on your 2009 Income Tax Return.
#264 of 300
Re: The details of our new Outback Sport [chuck68516] by lch77
Apr 05, 2009 (8:05 am)
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Replying to: chuck68516 (Apr 04, 2009 3:31 pm)

Wow, I didn't realize that the monthly payment for purchase was that close to the lease. However, for my circumstances the lease works out much better. It is a business car and the IRS rules for a business lease are much simpler than those for a business purchase. I figure with the Section 179 bonus it would be less expensive for the business to buy it, but, as i said, I find it too complicated. To buy a car, I find it easier to purchase it personally and have the business pay me back using the IRS mileage rate even though it is probably too low for all but the cheapest cars. However, this year's Sales Tax deduction does help.
#265 of 300
Re: 2009 Subaru Impreza Premium Pkg [wonwayout] by Car_man HOST
Apr 13, 2009 (2:55 am)
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Replying to: wonwayout (Apr 04, 2009 9:44 am)

Congratulations on getting your new Impreza, wonwayout. Thanks for taking the time to share the details of your lease with everyone. Real world examples of payments are always extremely helpful for community members who are in the market for similar vehicles. If you have the time, make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new ride !
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#266 of 300
May Lease Numbers by skaswing17
May 07, 2009 (8:38 am)
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Car _Man
 
What are the money factors and residuals this month for a 12K, 36 month, manual, 5 door Impreza base, premium, WRX base, and WRX premium? Any rebates, or lease cash available? Thanks
 
SKASWING17
#267 of 300
Subaru WRX Lease by oaklandmatt
May 09, 2009 (8:37 am)
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I have the same question as the above WRX 5 door, base maybe premium but am interested in 15k miles. I have a small business so leasing is easier to account.
 
Also with the financing it is not clear to me what the terms are 2.9 for 36 months? then 3.9 for x?
 
At .15/ mile penalty fee, is it always better to negotiate extra mileage into the lease or just hold the money and pay it at the end of three years? Thanks
#268 of 300
Re: May Lease Numbers [skaswing17] by Car_man HOST
May 29, 2009 (2:08 am)
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Replying to: skaswing17 (May 07, 2009 8:38 am)

Hi skaswing17. Here's the information that you're looking for.
 
Subaru's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Impreza 5-Door Premium with manual transmission and 12,000 miles per year are .00120 and 53%, respectively.
 
The numbers for an otherwise identical lease of an '09 WRX Wagon base are .00270 and 53%.
 
The numbers for an otherwise identical lease of an '09 WRX Wagon Premium are .00270 and 50%.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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