Last post on Dec 09, 2013 at 9:55 AM
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Subaru Impreza, Subaru Impreza WRX STi, Car Leasing, Sedan, Wagon
#60 of 579 Re: Looking to Lease an '07 2.5i Impreza Wagon [thefinz]
Mar 21, 2007 (1:52 am)
Hi thefinz. Subaru Finance's March buy rate lease money factor and residual value for a 36 month lease of a 2007 Subaru Impreza 2.5i Wagon with 15,000 miles per year are .00135 and 59%, respectively just like they were last month. Using this lease program and the prices that you mentioned in your post, an MSRP of $19,701 and a selling price of $17,641, I estimate that this vehicle's zero down, pre-tax monthly payment should be around $207.
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#61 of 579 Re: Current Lease Rate on WRX [tornadoredr32]
Mar 21, 2007 (2:07 am)
Hey tornadoredr32. This car's numbers are right around what you were quoted. Subaru Finance's current 36 month, 15,000 mile per year buy rate lease money factor and residual value for the 2007 Subaru Impreza WRX Sedan are .00245 and 56%, respectively.
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#62 of 579 Subaru Impreza 2.5i Wagon Lease
Mar 24, 2007 (5:30 am)
If I got a quote I can live with, do I still need to negotiate the selling price and money factor? I'm not sure I understand how to use these numbers and don't feel comfortable negotiating terms I don't understand.
If I don't negotiate these things, is it true that I can owe money on the back end of the lease?
#63 of 579 Switching from a leased Impreza to a leased Impreza WRX
Apr 19, 2007 (9:09 am)
Dear hosts and knowledgeable people around,
I am new to this forum, although I'm old to Edmunds.com. I hope you'll find the time to help a newbie.
In May 2006, I leased a 2006 2.5i manual Sport Wagon. The car is great; however, I am seriously considering terminating the lease early and instead starting a new lease for a 2007 WRX Limited sedan (manual).
My current lease details (on the '06 2.5i Sp. Wagon):
- MSRP: 18,833; high, I guess;
- net capitalized cost: 17,004 (after rebates, $1,000 down payment, and negociations); good, I guess;
- residual: 8,637; low, I now realize;
- depreciation: remaining 8,367;
- APR: 2.88% (i.e. money factor: 0.0012); good, I think;
- term: 48 months;
- mileage: 15,000/ year;
So now I pay: (depreciation 174 + rent charge 31) * (tax 110%) = 225 a month.
The car is almost 1 year old, with 11,500 miles on it; exceptional condition, practically no wear and tear.
After this long introduction, my questions:
(A) If I return this car tomorrow to the dealership (good one, Day Apollo near Pittsburgh, PA), how much of a hit should I expect? In 4 years, 60,000 miles it would have depreciated $8,368... How much has the car depreciated in 1 year, 11,500 miles, in your opinion? I know I paid 174 * 12 = $2,088 towards depreciation, so I'd subtract that from your number and get an idea of how hard I'll be hit.
(B) Will it help (financially) that I want to lease another Subaru, and that I'm all good with their captive company? All I want is a more powerful car
(C) For a 2007 Impreza WRX Limited (manual!), what invoice should I try to obtain; what residual value; what APR (can I get the same low 2.88%)? I'd do 48 months, 15,000 miles/year, same as I have right now.
(D) Any advice on when should I be doing this, i.e. on when good incentives might show? May, June, July? I'm 100% I want the '07 (completely personal preference on the redesign for '08).
(E) Will insurance go higher (by a lot)? I'm 26, not married, no kids, good job, okay driving record (speeding ticket last year, 10mph extra after many negociations).
I am sorry for posting such a long first message. I do hope somebody will find the time to help out.
Thanks a lot,
--Bogdan, WRX wanna-be-owner
#64 of 579 Re: Switching from a leased Impreza to a leased Impreza WRX [bdumitru]
Apr 19, 2007 (9:21 am)
Being 25 or over helps a lot. Being married would also help, but rates shouldn't be too bad. Call you agent to get a quote, they can usually tell you in advance.
Now is a good time. Later might be slightly better, but even if prices do creep down a tad, selection will dwindle quickly. If you're picky about color, don't wait.
#65 of 579 Re: Switching from a leased Impreza to a leased Impreza WRX [ateixeira]
Apr 19, 2007 (10:06 am)
Thanks for your reply.
"Being married would also help, but rates shouldn't be too bad."
I know, but... not now, hehe.
Now, I'm more worried about the financial hit I might be taking on returning the '06 2.5i (details in my first message). Any guesstimate?...
#66 of 579 Re: Switching from a leased Impreza to a leased Impreza WRX [bdumitru]
Apr 19, 2007 (10:31 am)
The good news is that they do hold their values well. If you sell it alone I bet you can recover 80% of what you paid, which is not bad.
Some people prefer the old styling, so that might also help. Sell it privately, though, you'll get killed on a wholesale trade-in.
#67 of 579 Re: Switching from a leased Impreza to a leased Impreza WRX [ateixeira]
Apr 19, 2007 (11:32 am)
"The good news is that they do hold their values well. If you sell it alone I bet you can recover 80% of what you paid, which is not bad."
Well, I can't really sell it
It's leased, so all I can try is to find someone to take over the lease, right? Or am I wrong?
How "killed" do you think I'll get?... The car depreciates (according to the lease contract) ~$8,300 in 4 years, 15,000 miles/year. Now it has 1 year, 11,000 miles. Granted, it's the first year But I'm hoping that the depreciation would be something like: 1st year = $3,200; 2nd year = $2,600; 3rd year = 1500; 4th year = 1000. Am I way off?
What do people here think?
#68 of 579 Re: Switching from a leased Impreza to a leased Impreza WRX [bdumitru]
Apr 19, 2007 (12:48 pm)
Sorry, missed that important point.
In this case the same dealer may be your best bet. He'll be motivated to make the new deal so he may help you get out of the old one.
Still, you will have taken delivery of two brand new cars, and New Car Smell is the most expensive smell in the world.
#69 of 579 Re: Subaru Impreza 2.5i Wagon Lease [researchworks]
Apr 24, 2007 (3:25 am)
Hi researchworks. While it is a good idea to understand how to calculate lease payments, you can learn how to do so by reading the following article: Calculate Your Own Lease Payment, you don't necessarily have to know how to do so to get a good deal on a lease. Just shop around and negotiate the lowest selling price that you can on the Impreza that you want. You wouldn't finance or pay cash for this car without knowing what its selling price is would you? Leasing it without knowing what the selling price is the same thing.
The only charges that you may have to pay at lease-end are an excess mileage penalty if you exceed your mileage allowance, an excess wear and tear penalty if your vehicle is in rough shape, and a disposition fee if the bank that you are leasing through charges one.
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