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Subaru Legacy Lease Questions

598 messages,  Last post on May 14, 2013 at 7:50 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 25 of 61

#233 of 598 Re: 08/09 2.5i LIMITED residuals and MF? [1985mb] by Car_man HOST

Oct 23, 2008 (4:14 pm)

Replying to: 1985mb (Oct 20, 2008 12:04 pm)
Greetings 1985mb. Subaru's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Legacy Limited 2.5i Sedan with 15,000 miles per year are .00120 and 62%, respectively. The numbers for an otherwise identical lease of a 2009 model are .00280 and 70%.
 
I am not intimately familiar with what the market is like for the Legacy right now, but for the most part dealers are hurting for business everywhere. If I was interested in getting an '08 Legacy, I personally would offer a couple hundred dollars over invoice and then have the dealer subtract the $1,000 cash incentive that is available on leases of this model from that.
 
For additional pricing feedback on this model, hop on over to the "Subaru Legacy Prices Paid and Buying Experience" discussion.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#234 of 598 Lease Cost Help 2009 2.5i SE by mnappi0606

Oct 24, 2008 (8:48 am)

Hi CarMan!!
 
Can you tell me the money factor and residual for the following scenarios on a 2009 SE with a 36 year term:
 
12,000 mi/year
15,000 mi/year
 
Also, do you know if there are any cash back promotions I should know about? Is this legacy model the one with the best MSRP/residual ration or is there more bang for the buck without the SE?
 
Thanks in advance!

#235 of 598 Re: Lease Cost Help 2009 2.5i SE [mnappi0606] by altimate

Oct 24, 2008 (11:27 am)

Replying to: mnappi0606 (Oct 24, 2008 8:48 am)
I leased an 09 SE in September and the residual with 15000 mi. was 74% (I believe it was 75% with 12000). In October the residual on an SE appears to be 70%. It was close to 80% in August (an amazing figure).
 
As to your question, my salesman told me that the SE had the best residual and was several percentage points better than a Limited. So you will definitely do the best payment wise with an 09 SE.

#236 of 598 2009 Legacy SE Lease Deal by conwayma

Oct 25, 2008 (8:11 pm)

Car_man:
   
I am looking to lease a 2009 Legacy SE and want to run the deal by you. The MSRP is $23710. Price paid would be $20675. 24 month Term, 20,000 miles per year allowance. $999 down plus first month payment. Money factor is .00280 and residual percentage is .74. The monthly payment is 269.00. Tax, title, reg, acq fee, and additional miles (5000) are all included in the 269.00.
 
Is this a good deal? Are there any other points I should try to negotiate? I drive about 19000 a year so I thought it made sense to buy the extra 5000 up front.
 
Thanks for your advice
-Eric

#237 of 598 Subaru Legay cashback by sm5199

Oct 27, 2008 (6:18 am)

Hello,
 
I'm in Western NY. I have contacted two dealers about leasing an 09 SE. They both agree there is no $500 rebate on this car. Where do I find info about this?
Here is the deal from one dealer:
10K miles
24 months
price $22,155
includes arm rest ext.,splash guards,floor mats.
$1200 for my trade, $1500 cash (taxes,fees)
$199 lease payment.
I was thinking more like $21,000 for this price.....is that reasonable or is this a decent deal?
 
Thanks

#238 of 598 Re: Lease Cost Help 2009 2.5i SE [mnappi0606] by Car_man HOST

Oct 27, 2008 (5:36 pm)

Replying to: mnappi0606 (Oct 24, 2008 8:48 am)
Here you go, mnappi0606. Subaru's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Legacy SE Sedan with 15,000 miles per year are .00230 and 61%, respectively. The residual value for a lease with only 12,000 miles per year is 1% higher.
 
When negotiating your lease on this vehicle, make sure to take the $500 cash incentive that Subaru is providing on it into account.
 
The money factor is better for non-Special Edition models, but its residual values are lower...which cancels out most if not all of the difference.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#239 of 598 Re: 2009 Legacy SE Lease Deal [conwayma] by Car_man HOST

Oct 27, 2008 (5:44 pm)

Replying to: conwayma (Oct 25, 2008 8:11 pm)
Hi Eric . The selling price that you were quoted for the Legacy that you are interested in looks good to me, but you probably would be better off going with a 36 month lease. I know that it is a year longer, but the money factor for 36 months is better and you can spread out your car's initial depreciation hit out over an additional twelve payments. I suspect that the payment for a 36 month lease is much lower than the 24 month payment would be.
 
You definitely are better off purchasing the additional miles in advance. It is cheaper to do so than to wait until lease-end and have to pay an excess mileage penalty.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#240 of 598 Additional Subaru Information Source by rhett78

Nov 07, 2008 (9:33 pm)

I stumbled onto a website that had quite a bit of interesting information if anyone cares to check it out: www.cars101.com

#241 of 598 Legacy SE by ranger_bob

Nov 08, 2008 (7:30 pm)

Hi Car_man,
 
I'm looking at a 24 or 36 month lease on a Legacy SE, with 12k or 15k miles. Any information you could provide would be greatly appreciated.
 
Thank you!

#242 of 598 Re: Legacy SE [ranger_bob] by ranger_bob

Nov 08, 2008 (8:07 pm)

Replying to: ranger_bob (Nov 08, 2008 7:30 pm)
edit: Not sure if you need it, but I'm shopping from the state of Minnesota.

Messages Page 25 of 61

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