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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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Spoke with the dealer yesterday and the indication was that the residuals are down about 4% from August to September. Since my dealer didn't have any availability last month my salesman worked a price reduction on my lease deal to erase most of the residual change. My deal will only be about $5/mo. more than the August quote with nothing out of pocket except first payment. My decision right now is whether to go with the monthly lease or do a prepaid lease deal. That would save me close to $600 dollars over the life of the lease. I have a $4000+ equity for my trade so prepayment would only cost me about $3000 out of pocket. On the other hand, getting over $4000 cash back from my trade (not using it for cap cost reduction-which is always a bad idea) would give me opportunity to invest money and or use it for the first year of payments. Expect the car I want to be in in about two weeks so I'll make the decision at that time. |
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That sucks you will end up paying a bit more for the Legacy compared to last month, but it is still a great deal! I would say avoid the prepayment. Yes you will say $600 but most people in America don't have enough emergency funds. Use the $4,000 to pay down other debts that you may have (like credit cards or any other high interest loan). If you don't have any high interest debt than use the $4,000 for liquid savings (probably only get you like 3 %or 4% right now. But I am assuming you are like 75% of the American population without a real good emergency fund. If you have enough backup liquid money and no debt, than go for the prepayment or use the $4,000 to reduce monthly payments.
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Replying to: hellagrant (Sep 09, 2008 9:25 am) |
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Replying to: fin81 (Aug 25, 2008 10:38 pm) It sounds to me as though the dealer that you are working with is trying to mark-up Subaru's base acquisition fee to add additional hidden profit to your deal. The last time that I checked, its base acquisition fee was $595. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: epmorris (Aug 26, 2008 2:36 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (Sep 12, 2008 2:55 am) I went to the dealer yesterday regarding an 09 2.5 SE and this is what they told/offered me: Lease 24 month / 12k miles. MSRP is $24693 Sale price is 21214. The salesperson didn't 'know' about any acq fee - but said it there was one it would be 'buit-in'. Doc fee 180 T+R also 'built-in' Res is 75% (18519) MF is .00280 OTD inc 6& tax = $263-90 First, does this seem right to you? Theys eemed quite loathe to give me figures and I had to wait along time just to get these out of them! Also, they're not budging from the sale price and not offering any other financial 'incentives' saying that the lease deals are as per the national ads ... I also went to another dealer and they didn't have any cars available for at least 3 weeks - but I need a vehicle by next week. I'd appreciate your input. Thanks Sam
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Replying to: msolomons (Aug 26, 2008 10:17 am) how much do you think the lease would be on this if I put 1,000 down plus tax for about 24 or 36months 10 to 12k miles the sticker on the car is $23,059 any special deals in the ny area for this |
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I am looking to purchase a 2009 Subaru Legacy 2.5 limited. The sticker is $26800. The dealer has quoted me $299 for 36 month with 15k per year with $2950 down? Is this a good deal?
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Replying to: bmlan99 (Sep 23, 2008 6:30 am) I just took delivery today of an SE with aftermarket leather and XM radio and a 2 year lease with 15000mi was $328 (tax inc.) with nothing out of pocket except the first payment. I know the Limited has a few extras auto climate cont., leather wheel, fogs and leather seats. You can get leather seats, fogs installed. If you can live without leather wheel and climate control I think you could do much better with an SE lease. I will tell you I was absolutely stunned how nice the interior looked in my SE with the leather added. To me it matches a car that is 20 grand more expensive. The upshot is that dressing up an SE might save you some money over a Limited.
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