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Subaru Legacy Lease Questions

378 messages,  Last post on Nov 01, 2009 at 12:31 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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




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#236 of 378
2009 Legacy SE Lease Deal by conwayma
Oct 25, 2008 (7:11 pm)
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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 378
Subaru Legay cashback by sm5199
Oct 27, 2008 (5:18 am)
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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 378
Re: Lease Cost Help 2009 2.5i SE [mnappi0606] by Car_man HOST
Oct 27, 2008 (4:36 pm)
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Replying to: mnappi0606 (Oct 24, 2008 7:48 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 378
Re: 2009 Legacy SE Lease Deal [conwayma] by Car_man HOST
Oct 27, 2008 (4:44 pm)
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Replying to: conwayma (Oct 25, 2008 7:11 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 378
Additional Subaru Information Source by rhett78
Nov 07, 2008 (8:33 pm)
Reply
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 378
Legacy SE by ranger_bob
Nov 08, 2008 (6:30 pm)
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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 378
Re: Legacy SE [ranger_bob] by ranger_bob
Nov 08, 2008 (7:07 pm)
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Replying to: ranger_bob (Nov 08, 2008 6:30 pm)

edit: Not sure if you need it, but I'm shopping from the state of Minnesota.
#243 of 378
Re: Legacy SE [ranger_bob] by Car_man HOST
Nov 11, 2008 (5:58 pm)
Reply

Replying to: ranger_bob (Nov 08, 2008 6:30 pm)

Hi ranger_bob. Subaru's current buy rate lease money factor and residual value for a 24 month lease of a 2009 Legacy SE with 15,000 miles per year are .00230 and 71%, respectively. The numbers for an otherwise identical 36 month lease are
.00195 and 59%. If you were to lease with only 12,000 miles per year this car's residual values are 1% higher.
 
When negotiating your deal, make sure to take advantage of the $500 cash incentive that Subaru is currently providing on leases of this car.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#244 of 378
2009 Legacy 2.5GT Limited w/Nav by canes320
Nov 21, 2008 (5:01 pm)
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Can someone please provide the November 36 month 12k mile and 15k mile residual and money factor for a 2009 Legacy 2.5GT Limited w/Nav ? Your help is greatly appreciated.
 
Kind regards,
 
Peter
#245 of 378
Just did this deal.. by 28firefighter
Dec 01, 2008 (2:06 pm)
Reply
We just did this deal:
2009 Subaru Legacy 2.5i Special Edition
Automatic Transmission
Spoiler
Satellite Radio
Splash Guards
All-Weather Floor Mats
Quartz Silver Metallic
Charcoal Gray Interior
MSRP: 23,9xx
 
Lease Deal
$1000 total due at signing
$199/month + tax
24 months
10,000 miles a year
 
Deal was negotiated in under 15 minutes. Probably due to the fact that its a national program from Subaru.
 
This was outside Philadelphia, PA
 
So far we love the car...could be a new subaru family maybe?

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