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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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#295 of 382
Re: duration of great 2.5i se lease [skiphreak] by Car_man HOST
Mar 19, 2009 (2:17 am)
Reply

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)
Reply

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)
Reply

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
Host
Prices Paid: Buying & Leasing Experiences Forum
#298 of 382
Legacy GT lease by z2adambomb
Mar 20, 2009 (9:10 am)
Reply
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!
#300 of 382
Re: current MF and residuals for legacy SE [nanny5] by asa114
Apr 01, 2009 (7:37 pm)
Reply

Replying to: nanny5 (Mar 13, 2009 7:00 pm)

Hi Nanny 5,
 
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
#301 of 382
Re: numbers for march (not much time left) [z2adambomb] by asa114
Apr 01, 2009 (7:41 pm)
Reply

Replying to: z2adambomb (Mar 31, 2009 12:24 pm)

Hi Adam,
 
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
#302 of 382
Re: numbers for march (not much time left) [z2adambomb] by ateixeira
Apr 03, 2009 (10:14 am)
Reply

Replying to: z2adambomb (Mar 31, 2009 12:24 pm)

Residual seems low on that GT, interesting.
 
Some Foresters hold 60% of their value.
#303 of 382
lease Subaru Legacy LTD 2009 (not the GT) by joymom
Apr 05, 2009 (5:08 pm)
Reply
I am new to leasing and I am confused a bit by all the ratios noted on leasing.
 
Basically, I like to lease the noted car for 3 years, 12,000 miles year, and I have a trade in worth roughly 6,200. Can someone please advise the monthly payments.
 
Drove the car-- liked it, dealer offered me monthly payments at $279.00 with my car yesterday.
 
Thank you
#304 of 382
Re: lease Subaru Legacy LTD 2009 (not the GT) [joymom] by chuck68516
Apr 05, 2009 (6:46 pm)
Reply

Replying to: joymom (Apr 05, 2009 5:08 pm)

If your trade in is actually worth $6,200 please tell me you did not go through with this deal.
 
Never put money down on a lease. This includes trading in your car. It defeats the entire principle of leasing. Also if you put down $6,200 cash or trade on a lease and your new leased vehicle is broadsided and totalled by a garbage truck pulling out of the dealership, you are out $6,200. Insurance company WON'T reimburse you. Likewise if your car is stolen you will not be refunded. Sell your car privately or ask the dealer to give you cash for it. Some will do it. Some will not.
 
Secondly, you should be able to get a 2009 Legacy Limited for $325 a month putting down ZERO. Putting down/trading in $6,200 would yield a payment of $145 a month. So your $279 quote is ridiculously high.
 
Thirdly, you could trade in your car to the dealer and BUY a Legacy Limited for around $17,000 and finance through Subaru at 2.9% for 60 months for a payment of about $305.
 
Personally, I would probably sell my car privately, keep the $6,200 in the bank and lease for $325 a month putting zero down.

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