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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
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Hey everyone, Just got quoted on a lease and wanted to see if you thought it was a good deal. 2009 Legacy Special Edition Price = 21,510 Residual = 79% Money factor = .00330 2 years / 15K miles per yr monthly pmt = 271.11 Upfront charges = 596.61 (includes first pmt) This model included some factory installed options: - spoiler - extended arm rest - automatic transmission Please let me know what you guys think. I would love to try to get the pmt closer to 250/month. Thanks!
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Replying to: chambers134 (Aug 21, 2008 3:54 pm) |
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I just got my first offer, pretty bad. I am definately going to tell them to bring those fees down. Cost: $20,550 Money Factor: 0.00280 Risidual: 78% = $18,663 Down Payment: $215 + $595 (Aqu fee) License fees: $161.50 Doc Fees: $50 24 Months  12,000 miles a year Payment: $217 + tax That is like $1000 up front in charges!!! When people have been getting off with barely nothing.
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Replying to: hellagrant (Aug 21, 2008 9:14 pm) My deal would have no license fee only a plate transfer fee of $8. Don't no anything about the doc. fee. All this stuff is just another way of charging more. Come on, an acquisition fee? What acquisition is that. In reality it's another way for the lessor to charge 600 bucks to the deal. Its become so common that people just presume its some legitimate expense. I leased my last 3 cars from 1996 to 2003 and not one had an acquisition fee. Now a days virtually every car has one. So other than being a fancy phrase to charge money I don't think it is anything that "has" to be charged. |
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2009 Legacy Limited (standard leather, heated seats, etc) with factory installed options including spoiler, auto-dimming mirror, and all weather mats. MSRP according to the dealer is $26,645 and lease price (with tax at 7.5%, destination, processing, etc) at $25413 which we're told is $299 over invoice. Residual is 62% and monthly lease payment is $329 with $2500 down (includes taxes, fees, etc) for 36 months at 12K miles a year. This includes the $500 dealer cash back from Subaru. Is this a good deal? Thanks in advance
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Replying to: msolomons (Aug 25, 2008 12:42 pm) The residual on the Limited is significantly lower than the SE. It has a few extras for the price but I'm not sure it justifies paying that much more. I got a quote with after market leather, XM and 15000 miles. $320/mo inc tax for 2 years with 8 dollars out of pocket. If you really want the Limited you'll have to pay a premium on a lease it would appear.
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Carman or anyone else that could help, Today I put down a deposit for a 2009 Legacy SE lease. I upgraded to a spoiler, fog kit, splash guards, mats, and armrest extension. Can anyone review the numbers and see if they sound any good? This is for a 24 mth./15K lease. MSRP with extras = $24,087 Negotiated Price = $22,461 (Supposedly $100 below invoice through a deal with my employer) Residual = 78% = $18,787 MF = 0.00313 (This seems very high as I qualify for Tier I credit) Payment = $269/mth. I am putting $1000 down to cover taxes(8.75%) and part of the acquisition fee....which they are charging $895 for? This cannot be right. Can anyone advise me on the correct Tier I money factor, acquisition fee, and other numbers if possible? TIA
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Carman or anyone else that could help, Today I put down a deposit for a 2009 Legacy SE lease. I upgraded to a spoiler, fog kit, splash guards, mats, and armrest extension. Can anyone review the numbers because they don't look good to me. This is for a 24 mth./15K lease. MSRP with extras = $24,087 Negotiated Price = $22,461 (Supposedly $100 below invoice through a deal with my employer) Residual = 78% = $18,787 MF = 0.00313 (This seems very high as I qualify for Tier I credit) Payment = $269/mth. which includes $895 acq. fee????? and $1000 down to cover taxes(8.75%), first payment, $88 cap reduction,and $75 in DMV fees This cannot be right and there have to be more hidden charges than the bloated acq. fee. Can anyone advise me on the correct Tier I money factor, residual, acquisition fee, and a good negotiated price on this vehicle? TIA
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Replying to: fin81 (Aug 25, 2008 10:41 pm) Residual sounds right. MF is too high. If you are tier 1, there is no way that the MF is .00313 = 7.5%. I am tier 1 and I got like......00.0027??? Something like that, which equals almost an entire percentage point in interest. Acq fee!!! Get that thing off. That is complete BS and let them know that it is BS. Where are you located? Because the market for the Legacy can vary greatly. Also, maybe the MF is different across the country. Carman - Can the MF be different for different parts of the country? |
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Replying to: altimate (Aug 25, 2008 4:19 pm) I believe the $2500 down is strictly taxes and fees. To reitererate: 2009 Limited with spoiler, dimming mirror, all weather mats MSRP $26,645 Purchase Price $25,413 (includes $500 dealer cashback) Residual $16,520 12,000 miles, 36 months $329 monthly payment with $2500 down Mary
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