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Prices Paid: Buying & Leasing Experiences 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
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Hi Everyone, I recently leased a 2008 Legacy 2.5 SE in the Obsidian Black. The car is well built and drives well but I realized I need something sportier. I was wondering if anyone would be interested in a lease assumption for this vehicle? It's an auto transmission and I've only had it for a week thus far. My current lease payment is 242/month with 23 months remaining and 12K/year. I'm in SoCal and I would want to deal with people I can meet face to face I guess. Please message me if anyone is interested and/or wants additional info. Thanks :o) |
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I'm looking to lease a Saab 93 or Subaru Legacy 2.5GT manual this month. Could you tell me the residual and money factor for this car, as well as any incentives? I have seen that both 08 and 09 model year Legacys are available. Thanks much!
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Replying to: finns2000 (Jun 19, 2008 12:56 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: theras (Jul 07, 2008 8:14 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jul 11, 2008 3:23 am)
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Replying to: theras (Jul 11, 2008 7:28 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jul 14, 2008 1:10 am) Thanks for all of your help. I did finalize a deal on the Saab this weekend.
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Is it ever financially beneficial to lease compared to finance? I understand that you're not paying the full cost of the car, which is nice, and you have a set rate that would typically be lower than a financed monthly cost, but my concern is that it's like renting a residence rather than mortgaging... You negotiate a lease of 199/month for 36 months on a new Subaru. After fees, security deposit, and other costs at signing, averaging this over the cost of the 36 months now becomes around 250/month (this would mean about 2000 due at signing). At the end of the 36 months, you have paid $9000 for the lease. The lease is over. You either now 1. buy the car outright from the dealer, which means you basically pay the MSRP on it or 2. get another lease, but nothing counts towards the next lease. In other words, in that same 36 month period, with financing, I could: Finance a purchase at 22,000 "out the door" for 366.00 per month (for 60 months) without any down payment. This becomes 13,176 at the end of the 36 months, but if I decide to sell my car and get a new car, in theory, I should be making some of the money back, right? I guess my question boils down to: - Does the money "spent" on the lease (9000) end up costing less than the deterioration of the finance when you go to trade it back in? (Is the car's value going to drop by more than 9000)
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Replying to: snum (Jun 19, 2008 1:57 pm) This deal is not quite as good as the one in June but it is still a smoking deal for a car that stickers out at $22,000 plus, has all wheel drive, traction control, moonroof and Harmon Kardon stereo. |
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Replying to: pilot1226 (Jul 14, 2008 7:46 am)  I think if you don't like selling your car yourself, and will get wholesale trade from a dealer, then the lease may actually end up costing less over 2 or 3 years. Why? Well, the dealer offered us only $5300 for our 2002 Legacy. We sold it private party and got $8000. It takes more effort, but resale is very good on Subarus if you take your time and sell it yourself. I think it would be hard for a lease (or multiple leases) to beat that. We kept the car for 6 years. We paid $17.6k plus tax, so it only cost us $10.5k for those 6 years (plus opportunity cost of that money). Let's call it $12 grand, assuming you know how to invest well. I doubt two 3-year leases will cost that little. Using your numbers you'd be out $18 grand, and for that money at the end of 6 years I'd still own a car, the leasee would have nothing. The advantage of the lease is you have a new car every 3 years, though. Cheaper? Probably not. Better? If you like new cars, and especially if you trade old cars for wholesale, then I'd say yes, it's worth it.
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