- #39 of 297
-
Negative Equity Dilemma
by jwill008
-
Nov 19, 2006 (8:20 am)
-
|
|
Hello all, I am new to this board and I have a question. I am currently leasing a '06 Impreza 2.5i and I wanna upgrade to the WRX. I am approximately 6,000 in negative equity because of the mileage. Another dealership has offered me 21,900 for the '06 WRX. I am going to lease again but I'm unsure what my payments monthly will be. I'm willing to put down possibly half that negative equity but will that get my payments down to around $400 a month? Or how can I reach that goal if its attainable. I appreciate your help.
|
- #40 of 297
-
Re: right now right now right now right now right now [riposte]
by Car_man HOST
-
Nov 20, 2006 (5:38 am)
-
|
|
Replying to: riposte (Oct 23, 2006 6:35 am)
Well, riposte, I am not a salesperson, but rather an employee of Edmunds.com, so it doesn't matter whether community members lease new Subarus or not. I always state "currently" or "right now" in my posts because manufacturers' lease programs change. If I didn't say this, a community member might come along and look at a post that is a month or two old and just assume that the information that it contains is still valid, when it is not. Subaru's current lease program is only scheduled to run through November 30th. It is difficult to say what its December program will look like. Its lease offerings on 2007 models will probably be at least as attractive in December as they are now, but there is a chance that they will be different. One should never feel rushed to lease a vehicle before the end of a lease program. The only right time to lease a vehicle is when you are ready and comfortable.
Car_man
Host
Prices Paid Forum
|
- #41 of 297
-
Re: Is this quote on a lease too high [carnutz3]
by Car_man HOST
-
Nov 20, 2006 (5:43 am)
-
|
|
Replying to: carnutz3 (Nov 08, 2006 1:01 pm)
Greetings carnutz3. If you actually can make $3,000 by getting out of your current lease, this is an unusual situation, you are in a good position and absolutely should have the dealer that you are working with cut you a check for your vehicle rather than using the proceeds from it as a down payment on your new lease. I always advise consumers not to make any sort of capitalized cost reduction when leasing. Those who do risk losing them if their leased vehicle is totaled in an accident or stolen and never recovered.
I would be happy to give you my opinion on the lease that you were quoted. However, in order for me to do so I need to know its full MSRP and selling price. You already mentioned one of these numbers, I believe that it is the selling price. I just need the other. Having both numbers will show me how much of a discount you are being given and it will enable me to use Subaru's current lease program to estimate your vehicle's monthly payment. Let me know and I'll tell you what I think.
Car_man
Host
Prices Paid Forum
|
- #42 of 297
-
Re: Negative Equity Dilemma [jwill008]
by Car_man HOST
-
Nov 20, 2006 (5:45 am)
-
|
|
Replying to: jwill008 (Nov 19, 2006 8:20 am)
Welcome jwill008. I would be happy to give you an idea of how much the WRX that you are interested in will cost to lease. In order for me to do so, I need you to provide me with its full MSRP (including the destination charge) and its approximate selling price. Make sure to tell me how long you want to lease it for and what mileage allowance you need as well.
Car_man
Host
Prices Paid Forum
|
- #43 of 297
-
Re: Negative Equity Dilemma [Car_man]
by jwill008
-
Nov 20, 2006 (10:02 am)
-
|
|
Replying to: Car_man (Nov 20, 2006 5:45 am)
The msrp is 25620, the selling price is 21999. i am looking for a lease that is 3 or 4 years. preferably 4 to spread the negative equity out. and a mileage limit of 12000 a year. thanks
|
- #44 of 297
-
Re: Is this quote on a lease too high [Car_man]
by carnutz3
-
Nov 21, 2006 (3:31 pm)
-
|
|
Replying to: Car_man (Nov 20, 2006 5:43 am)
Hi Carman,
Thanks for the info. BTW, the MSRP is $34,400 and the selling price is $32,300.
|
- #45 of 297
-
sidz
by sidz
-
Dec 02, 2006 (4:36 pm)
-
|
|
Hi, If anybody can tell me if a lease of 250 per month for 36 months all tax included is a good deal for an 07 subaru impreza.I would appreciatte your input.
|
- #46 of 297
-
impreza lease
by sidz
-
Dec 02, 2006 (4:40 pm)
-
|
|
Hi, If anybody can tell me if a lease of 250 per month for 36 months all tax included is a good deal for an 07 subaru impreza, 2.5 automatic.I would appreciate your input.
|
- #47 of 297
-
Re: Negative Equity Dilemma [jwill008]
by Car_man HOST
-
Dec 14, 2006 (4:19 am)
-
|
|
Replying to: jwill008 (Nov 20, 2006 10:02 am)
Thanks for the additional information, jwill008. OK, so you are interested in leasing a base 2007 Subaru WRX Sedan with an MSRP of $25,620 and a selling price of $21,999 through Subaru Finance right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment would be around $293. The payment for an otherwise identical 48 month lease would be $288. If you were to roll half of the negative equity that you have in your current car, $3,000, into this car's capitalized cost, its 36 month payment would increase to around $384. Its 48 month payment would increase to around $358.
Are you sure that you really want to lease your new vehicle with only 12,000 miles per year. I believe that you mentioned in a previous post that the reason you are so upside down on your current vehicle is because of the high mileage that you put on it. Rather than having a repeat of this problem with your next vehicle, you would be better off leasing with 15,000 miles per year. Increasing to 15k won't make that much of a difference in your car's payment.
Car_man
Host
Prices Paid Forum
|
- #48 of 297
-
Re: Is this quote on a lease too high [carnutz3]
by Car_man HOST
-
Dec 14, 2006 (4:25 am)
-
|
|
Replying to: carnutz3 (Nov 21, 2006 3:31 pm)
You're welcome, carnutz3. A base 2007 Subaru Impreza WRX STi has a spread of $1,877 between its full MSRP and dealer invoice price. You were quoted a discount of $2,100 on this car. This is probably right around dealer invoice once the optional equipment is taken into account, which is a good deal. Using the prices that you mentioned, I estimate that this car's zero down, pre-tax, 42 month, 12,000 mile per year monthly payment would be around $428. As you can see, even if it includes tax the payment that you were quoted for this car is a little on the high side. Make sure that the dealer you are working with uses Subaru Finance's current 24 month, 12,000 mile per year lease money factor and residual value of .00255 and 58% to calculate your car's monthly payment.
Car_man
Host
Prices Paid Forum
|
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences 
