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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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#290 of 382
duration of great 2.5i se lease by skiphreak
Feb 13, 2009 (5:44 pm)
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does anyone how long this has been going on and when it will end? Just wondering if they will raise or end incentives. And does anyone know if the residuals and money factor change resulting in great lease ending? So i know to run out and get one before this happens.
thanks
#291 of 382
Suburu disclosure questions by lucy17
Feb 23, 2009 (4:54 pm)
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Hi Car Man,
Can you tell me the money factor, residual and downpayment that should be available for a 2009 Legacy Special Edition automatic with a MSRP of $22,700?
 
I've had trouble finding details about Subaru lease offers online (compared to Honda and Nissan and other manufacturers). Subaru finally posted information but it specifies "For OREGON residents only". Does that mean the deal is only offered in Oregon? Or is Subaru complying with Oregon law? I assumed it was the latter and expected a similar offer. However, the dealer quoted me $281 a month instead of $215 -- even though the MSRP of the car in question was just $800 more than the MSRP in the Subaru Web example. I was told this was because the Web deal only applied to manual cars. Is that typical to have a lease offer that is limited to a manual car only -- even with the prices are just hundreds apart?
 
Thank you.
#292 of 382
Re: Suburu disclosure questions [lucy17] by djhalptert
Feb 24, 2009 (4:51 pm)
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Replying to: lucy17 (Feb 23, 2009 4:54 pm)

The residual and money factor are numbers you should ask for. Not the down payment. ??? You need to ask your dealer to let you know what your sale price is on the car (cap cost) then ask what the fees are. There will be a residual and probably a document fee. When added to the sale price (cap cost) it makes the NET CAP COST. If you have this and the MSRP and the residual and money factor you can calculate the lease payment. Don't put money down on a lease. If the car is totalled or stolen you would be out the down payment. Sign and drive is the only way to go. Also, don't read too much into the advertised leases. They are just bait tactics. Concentrate ONLY on the sale price, fees and residual, money factor. That is what will get your payment to $215 with ZERO down.
#293 of 382
2009 2.5i Limited by jamabbo
Mar 12, 2009 (3:45 pm)
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Hello all.
First of all god bless the internet.
 
I have never leased a car before and I know Subaru is offering the SE for 225 a month. I am more interested in the limited for the fact it has leather and heated seats for the cold weather here in South Bend Indiana.
 
My question is what should I be looking for in a good lease, and how I should go about making a deal with the dealership. I really hate to go into this not knowing anything about leases so any help would be great.
 
Also could you explain what the residual and money factor numbers are and how I should go about calculating that.
 
Thanks again for your time and I look forward to some great new information.
 
James
#294 of 382
current MF and residuals for legacy SE by nanny5
Mar 13, 2009 (7:00 pm)
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Hi i leased a automatic legacy SE sedan today the Current Money Factor is now 0.0013 and the residual is 57% for a 36 month 12k and 56% for a 15k lease
there is $1000 lease cash available the acquisition fee is $595 The way the residual is calculated is as follows for example the MSRP is listed at 22990 (Pez low emmissions) the SE model has a $2000 plus package less $1750 package discount (crazy). the residual is being calculated at 56% of the inflated MSRP ie 24,740 MY residual was 13854.40 ( 15 k miles) total lease payments of 249.77 month( this payment includes 9% sales tax that is charge by the state i live in PA) I paid $457 up front ( 1st payment plus licence fees tags doc fee etc)
total cap cost 20496 ( 595 acquisition rolled in )
#295 of 382
Re: duration of great 2.5i se lease [skiphreak] by Car_man HOST
Mar 19, 2009 (2:17 am)
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Replying to: skiphreak (Feb 13, 2009 5:44 pm)

Hi skiphreak. Subaru's incentives are usually only scheduled to run for a month at a time. That does not necessarily mean that the following month's program will be different, just that it has the option to change it if it wants to. Subaru's February and March lease programs for the '09 Legacy are very similar. It is difficult to say what its April program will be like at this point.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#296 of 382
Re: Suburu disclosure questions [lucy17] by Car_man HOST
Mar 19, 2009 (2:21 am)
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Replying to: lucy17 (Feb 23, 2009 4:54 pm)

Hi lucy17. Here's the information that you're looking for. Subaru's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Legacy 2.5 Sedan Special Edition with 15,000 miles per year are .00180 and 56%, respectively.
 
You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.
 
I'm not sure what the whole "Oregon residents only" disclaimer that you saw is all about. The above lease program is national. It should be the same regardless of what state you are in.
 
Manufacturers often advertise lease payments on stripped vehicles. The lower the MSRP and selling price of a vehicle are, the lower and in turn more attractive its monthly payment will look. Consumers who add the equipment that they want frequently find that their vehicle is more expensive to lease than the one that is being touted in ads.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#297 of 382
Re: 2009 2.5i Limited [jamabbo] by Car_man HOST
Mar 19, 2009 (2:27 am)
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Replying to: jamabbo (Mar 12, 2009 3:45 pm)

Welcome James. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In short, the best way to get a good deal on a leased vehicle is to shop around and negotiate the lowest possible selling price on the model that you want. Once you have arrived at a selling price that you are comfortable with, have the dealer calculate your monthly payment using that vehicle's buy rate lease money factor.
 
Check out the articles that I linked above and let us know if you have any other questions.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#298 of 382
Legacy GT lease by z2adambomb
Mar 20, 2009 (9:10 am)
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Hey carman,
do you have the MF and residual values for an 09 Legacy GT, 5spd with no other options, 36mo, 12k mi/yr? Thanks!
#299 of 382
numbers for march (not much time left) by z2adambomb
Mar 31, 2009 (12:24 pm)
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I got quotes on two legacy models last night and figured I'd share the numbers
Both are 36mo 12k mi/year
 
Legacy GT: 0.00200 MF, 49% residual
 
Legacy 2.5 SE: 0.00180 MF, 56% residual. $1800 at signing (all taxes and fees included) $220/mo. this was before any negotiations what so ever, their first offer follow test drive. MSRP $23540, Buy price $20790. The deal factors in a $1500 rebate from Subaru.
I will post another update once April numbers are out and I bargain it down a bit. Too bad the LGT has an MSRP of $30k, they need to make a non-limited Legacy GT available!

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