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Prices Paid: Buying & Leasing Experiences 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
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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
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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 )
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Replying to: skiphreak (Feb 13, 2009 5:44 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: lucy17 (Feb 23, 2009 4:54 pm) 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 Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: jamabbo (Mar 12, 2009 3:45 pm) 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 Host Prices Paid: Buying & Leasing Experiences Forum |
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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!
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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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Replying to: nanny5 (Mar 13, 2009 7:00 pm) Thats a great deal. I am looking for the same deal with $15K miles. Could you tell me what dealer or sales person in PA? Thanks, Ed |
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Replying to: z2adambomb (Mar 31, 2009 12:24 pm) I am interested in this deal on an SE as well. What dealer did you get this offer from? Maybe we could both get a better deal if we went to the same salesman. Thanks, Ed
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Replying to: z2adambomb (Mar 31, 2009 12:24 pm) Some Foresters hold 60% of their value. |
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