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Subaru Legacy Lease Questions

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

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

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#216 of 382 Legacy 3.0R Limited by red927 Sep 25, 2008 (7:50 am)
Car_man:    Can you please post the MF and Residuals for a 2009 Legacy 3.0R Limited? I would like the rates for both 24 and 36 month leases with 10,000 or 12,000 miles. You have always been helpful in the past and I do appreciate the information. This car will be replacing an 06 Outback 3.0 LL Bean Sedan whose lease expires in November.    Thanks, Phil Replies to this message: Car_man (Sep 30, 2008 4:16 pm)
#217 of 382 2008 Subaru Impreza , $3100 down, $66 per month, good deal? by ps2cheung Sep 25, 2008 (10:04 pm)
Hi,   I saw this lease deal   # Price: $66 /month Lease Payment # Term: 24 months # Down or Due: $3,100 # Mileage Allowance: 10,000 miles/year   for a 2008 Subaru Impreza in a Bellevue, WA dealer   The price sound pretty good, is there anything I need to watch out for?   Thanks, Ivan Replies to this message: ateixeira (Sep 26, 2008 10:02 am)
#218 of 382 Re: 2008 Subaru Impreza , $3100 down, $66 per month, good deal? [ps2cheung] by ateixeira Sep 26, 2008 (10:02 am)
Replying to: ps2cheung (Sep 25, 2008 10:04 pm) That's not a lot of miles...you sure that's enough for you?   I once read the average male drives 16k miles/year. I don't recall the source, but you could go way over on the mileage and pay a big penalty for that.
#219 of 382 Re: 2009 Subaru Legacy SE lease residuals for August [mssurrey] by Car_man HOST Sep 30, 2008 (4:12 pm)
Replying to: mssurrey (Sep 16, 2008 7:58 am) Hey Sam. The money factor and residual value that you were quoted look right. I'm not surprised that the dealer that you are working with was reluctant to provide you with the details of your lease. As far as they are concerned, the less you know about your deal the better.   Let's work up a sample lease payment on this car and see what we come up with. According to my calculations, a 24 month lease of a Subaru Legacy with an MSRP of $24,693, a selling price of $21,214, a money factor of .00280, and a 75% residual value would have a zero down, pre-tax monthly payment of around $224. If you add the $595 acquisition fee to this car's capitalized cost instead of paying it at lease signing, the payment rises to around $250 before tax.   Have you tried comparison shopping with any other dealers yet? It wouldn't hurt to do so to see if any others in your area are willing to beat this price.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#220 of 382 Re: Legacy 3.0R Limited [red927] by Car_man HOST Sep 30, 2008 (4:16 pm)
Replying to: red927 (Sep 25, 2008 7:50 am) I'd be happy to help you out, red927. Through the end of September (unfortunately today) Subaru's buy rate lease money factor and residual value for a 24 month lease of a 2009 Legacy 3.0R Limited with 12,000 miles per year are .00280 and 64%, respectively. The numbers for an otherwise identical 36 month lease are .00200 and 54%. If you were to lease this car with only 10,000 miles per year, its residual values would be 1% higher.   When negotiating your lease, make sure to take advantage of the $500 cash incentive that Subaru is providing on leases of this model right now.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#221 of 382 2009 Legacy SE automatic lease by pd83 Oct 08, 2008 (7:40 pm)
Theres a current lease deal at the Subaru dealer ship near my house.   $2000 down, 159/month for 24 months..   Is this a good deal? Replies to this message: hellagrant (Oct 09, 2008 4:41 pm) djhalptert (Oct 09, 2008 5:48 pm)
#222 of 382 Re: 2009 Legacy SE automatic lease [pd83] by hellagrant Oct 09, 2008 (4:41 pm)
Replying to: pd83 (Oct 08, 2008 7:40 pm) Yes, as long as $2,000 down is the only thing you have to give upfront.   Hell, with sales dropping like crazy, I say try to get it down to $1,000 down. Depending on where you live, I think that is highly possible.
#223 of 382 Re: 2009 Legacy SE automatic lease [pd83] by djhalptert Oct 09, 2008 (5:48 pm)
Replying to: pd83 (Oct 08, 2008 7:40 pm) No. Don't put money down on a lease. Put that money in the bank and pay your slightly higher lease payment. If your car is stolen or a tree falls on it and crushes it you will be out the $2,000. Insurance won't reimburse you for down payment. Sign and drive is the way to do it.
#224 of 382 by wjpooley Oct 14, 2008 (3:29 pm)
I've always like Subaru's, but now that I've got my first "real" job (just graduated), I've been looking at an '09 Subaru Legacy SE. I 'll be driving around 12,000 miles just to work and back, so I requested some pricing with 18,000 miles annually.   The dealer in Toledo, OH has the exact car I want for around $23,458. Their "sale" price was $21,457. With the 18K miles, and two year lease, their offer was $348 a month with $1,400 down.   This doesn't sound like a great deal to me, but it does have considerably more miles than most of the leases I've seen on here.   The SE I'm looking at is "Diamond Metallic, " with grey interior, fog light kit, and dimming mirror w/compass. All of the other options are the standard SE package (stereo, sunroof, etc.)   Any thoughts? Replies to this message: djhalptert (Oct 14, 2008 6:53 pm) indianajohns (Oct 14, 2008 7:15 pm) wjpooley (Oct 18, 2008 10:47 am)
#225 of 382 Re: [wjpooley] by djhalptert Oct 14, 2008 (6:53 pm)
Replying to: wjpooley (Oct 14, 2008 3:29 pm) I would buy the car for $21,400 at 3.9% for 72 months and payment would be $334 a month. Then I would use the $1,400 you were going to put as a down payment and put it towards your sales tax. Unless you get a lease quote for $234 BUY IT. That's the general rule I go by. If it doesn't save me at least $100 a month, I buy it.   They should only be charging you $900 (10cents per mile) for the extra mileage but the 18,000 per year is going to lower the residual and make leasing just not worth it. You could probably lease this car for $250 plus tax on a normal 36 month 15,000 mile lease. Replies to this message: indianajohns (Oct 14, 2008 7:15 pm) wjpooley (Oct 18, 2008 10:47 am)

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