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Subaru Legacy Lease Questions

382 messages,  Last post on Nov 24, 2009 at 4:50 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Subaru Legacy, Car Leasing, Sedan, Wagon



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#144 of 382
Re: 2008 legacy lease [2panther] by ateixeira
May 21, 2008 (10:41 am)
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Replying to: 2panther (May 21, 2008 9:17 am)

They said:
 
"factory invoice price of $24,050 including freight, splash guards, and rubber mats. Your selling price is $23,775 or $275 under factory invoice. There is also a $1000 rebate included in the calculations"
 
OK, so factory invoice is $23,775. Normally you subtract the rebate, so it would drop to $22,775, and $275 below that would take your final price to $22,500.
 
Or, do they mean it's $23,500?
 
So the question is, was the invoice $24,775, and they already reduced the price? Or are they keeping the $1000 when they say it's already been factored in?
 
Their wording is a bit ambiguous. You can look up the invoice prices to find out what they mean, or e-mail them to clarify.
 
Dealers can be sneaky.
 
I went to buy a car for "$1 over invoice" one time, and when I got there they tried to add freight. Freight is included in the invoice! So they were trying to make me pay for freight twice.
#145 of 382
Re: 2008 legacy lease [ateixeira] by 2panther
May 22, 2008 (4:03 am)
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Replying to: ateixeira (May 21, 2008 10:41 am)

I got a response asking about the $1000 he "took off"
 
"The rebate is taxable so it is not taken off of the selling price." was his response
 
That doesn't sound right to me but I'm new at this which is why I'm here, thanks!
#146 of 382
Re: 2008 legacy lease [2panther] by ateixeira
May 22, 2008 (12:11 pm)
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Replying to: 2panther (May 22, 2008 4:03 am)

Hmm, just make sure that YOU get that $1000, and not the dealer.
 
I know what they mean, though. It's the same here in MD. You pay sales tax on a rebate, but not on a dealer incentive that the dealer passes on to you.
 
Just make sure they pass it on to you!
#147 of 382
Re: Legacy Leases [2panther] by research1st
May 22, 2008 (5:35 pm)
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Replying to: 2panther (May 21, 2008 9:40 am)

The offer I posted was from the internet department at Northtown Subaru in Amherst, NY. Please keep us posted on the details of any deals that you are offered as well. Good luck!
#148 of 382
Re: Legacy Leases [2panther] by research1st
May 28, 2008 (7:24 am)
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Replying to: 2panther (May 21, 2008 9:40 am)

Well...did you contact Northtown Subaru or any other dealer in WNY???
#149 of 382
Van Bortel Subaru by 2panther
Jun 09, 2008 (4:06 pm)
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Sorry I've been away and haven't posted. The search continues...
 
I didn't haggle at all yet since it's 92 degrees outside and it felt the same temp in the dealership and I was sweating like a hostage. Had to get out of there.
 
Here is the deal...
 
2008 Subaru 2.5i Limited
Selling Price: $23718.00
Trade Allowance: $0
Less Payoff: $0
Cash Deposit: $0
Cash on Delivery: $0
Rebate: $1000
 
3 year, 36k miles
Rate/APR (money factor??) 0.00160
 
Lease:
MSRP Amount: $25265.00
Residual: 56%
Amount: $14148.40
 
Payment Amount: $350.72
Drive Off Amount Due: $350.72
 
How does that sound? That's everything except 1st payment rolled in. Any room for improvement?
 
Thanks!
 
Scan of deal workup paper
#150 of 382
thoughts? by 2panther
Jun 11, 2008 (4:41 am)
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anyone? carman?
 
echoooo echoooo
#151 of 382
buying this week by 2panther
Jun 11, 2008 (5:14 pm)
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nobody has an opinion?
 
when I look at edmunds.com for the invoice for a 2.5i Limited with VDC I see $22,890
 
according to their workup sheet the selling price is $23,718 which isn't too far off the invoice price as I understand it. If this looks good I will be making this deal this week!
#152 of 382
Re: Van Bortel Subaru [2panther] by Car_man HOST
Jun 16, 2008 (2:25 am)
Reply

Replying to: 2panther (Jun 09, 2008 4:06 pm)

Hi 2panther. The money factor that you were quoted for this car looks slightly high. Subaru's buy rate for a 36 month lease of an '08 Legacy 2.5i Sedan is currently only .00120. Make sure that the dealer you are working with uses that factor to calculate your monthly payment.
 
You aren't being given enough of a discount on this car for my taste either. After the $1,000 cash incentive that Subaru is currently providing on this model is taken into account, you are only being given a dealer discount of around $550. This car probably has a spread of around $2,500 between its full MSRP and its dealer invoice price. I personally would want at least another grand off of its selling price. Of course, this may be easier said than done if there isn't a lot of competition in your area.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#153 of 382
Re: buying this week [2panther] by Car_man HOST
Jun 16, 2008 (2:31 am)
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Replying to: 2panther (Jun 11, 2008 5:14 pm)

Hi 2panther. Please see my previous post for my response to your questions.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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