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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

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



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#241 of 382
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 382
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 382
Re: Legacy SE [ranger_bob] by Car_man HOST
Nov 11, 2008 (5:58 pm)
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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 382
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 382
Just did this deal.. by 28firefighter
Dec 01, 2008 (2:06 pm)
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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?
#246 of 382
Re: Just did this deal.. [28firefighter] by ateixeira
Dec 02, 2008 (8:04 am)
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Replying to: 28firefighter (Dec 01, 2008 2:06 pm)

Sounds good, congrats. Not too much down and a very reasonable payment.
#247 of 382
Re: Just did this deal.. [ateixeira] by 28firefighter
Dec 02, 2008 (3:29 pm)
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Replying to: ateixeira (Dec 02, 2008 8:04 am)

Normally we wouldn't have put anything down, but given the national leasing special from november it took very little to get it under 200...so we figured why not.
 
Anyway, car is going back to the dealer on Friday to get a couple issues we found during delivery, but aside from that it is really a great 3rd car.
#248 of 382
Re: Just did this deal.. [28firefighter] by Iago
Dec 04, 2008 (11:31 am)
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Replying to: 28firefighter (Dec 01, 2008 2:06 pm)

I'm in Allentown. At what dealership did you get this deal?
#249 of 382
Re: Just did this deal.. [28firefighter] by ksrp
Dec 06, 2008 (10:11 pm)
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Replying to: 28firefighter (Dec 01, 2008 2:06 pm)

I am trying to reconcile this deal to the standard lease payment equation. As I understand it, these are the components of the monthly payment excluding taxes -
i) Depreciation Fee = (Cap Cost - Residual)/Term
ii) Finance Fee = (Cap Cost + Residual) * Money Factor
Monthly Payment (excl. taxes) = Depreciation Fee + Finance Fee
 
Car_man has published Subaru's Money Factor and Residual for the Legacy at 0.00230 and 72% for a 24 month term at 12K miles/yr. Noting that this deal was for 10K miles, I would imagine that the residual goes up another point or two at most. Using $24K as the Cap Cost, I get a monthly fee of nearly $360. So, this special program from Subaru must be discounting the Cap Cost enormously (more than 25-30% ??) to get to a $199 monthly payment.
 
Does this sound about right?
#250 of 382
Re: Just did this deal.. [ksrp] by 28firefighter
Dec 08, 2008 (9:52 am)
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Replying to: ksrp (Dec 06, 2008 10:11 pm)

The capitalized cost was 22k and change. I am unsure of the money factor and residual since I went about this, really the wrong way to shop but thats another story.
 
I know the residual at the end of the lease is something insane like $19,xxx.
 
24 months/10k miles a year.
 
Sorry I know this doesn't help a whole lot - as far as the dealer, I can't give out dealer names on these boards I don't think.
 
Hope that helps a little bit.

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