Last post on Dec 12, 2013 at 4:56 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Subaru Legacy, Car Leasing, Sedan, Wagon
#49 of 610 Re: 2007 Legacy GT Limited Sedan [uconnhusky]
Oct 23, 2006 (2:06 am)
Hi Uconn. Subaru Auto Finance's current buy rate lease money factor and residual value for a 48 month lease of a 2007 Subaru Legacy 2.5 GT Limited Sedan with 12,000 miles per year are .00240 and 50%, respectively. Your lease payment for this vehicle will depend upon what sort of selling price you are able to negotiate on it. Given the fact that Subaru is providing $750 lease cash on it this month, let's say that you were able to lease one right at dealer invoice. According to my calculations, if you were to lease a 2007 Subaru Legacy 2.5 GT Limited Sedan with an MSRP of $31,438 and a selling price of $28,834 through Subaru Auto Finance right now for 48 month with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $381.
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#50 of 610 Re: 2007 Legacy GT Limited Sedan [Car_man]
Oct 23, 2006 (12:51 pm)
What about a 48 month, 12k miles per year for the similarly equipped GT sedan, zero down? One caveat is I'm eligible for the IMBA VIP discount which starts pricing at invoice, so I believe I'd then take the $750 off that. Sales tax is 5.5% as well.
#51 of 610 Re: 2007 Legacy GT Limited Sedan [Car_man]
Nov 15, 2006 (8:11 am)
Hi Car Man,
I am looking to lease a 2007 Subaru Legacy GT limited for 24 months with zero out of pocket. Do you know what the money factor and residual are? Thanks
#52 of 610 Legacy Leasing for Nov '06
Nov 16, 2006 (8:58 am)
Hi Car Man. I have found a on a Subaru Legacy Ltd.listed at Edmunds under incentives. The one I am looking at is for 24 mos. 2k down, 10k per year. The MSRP with a few small accessories is: $25,091. Can you tell me: the MF, the residual, and if this is a good offer? I will add miles up to 15k but I dont mind paying for those up front. Also, is there any lease cash or manufacturer to dealer incentives on this car for leasing? Thanks so much, looking4lease
#53 of 610 Re: 2007 Legacy GT Limited Sedan [subearu]
Nov 20, 2006 (5:48 am)
Hey Brian. Subaru's current buy rate lease money factor and residual value for a 48 month lease of a 2007 Legacy GT Sedan with 12,000 miles per year are .00230 and 54%, respectively. I would be happy to use this program to estimate what your lease payment should be like on this car. In order for me to so I just need you to provide me with its MSRP and VIP selling price.
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#54 of 610 Re: 2007 Legacy GT Limited Sedan [Car_man]
Nov 20, 2006 (10:59 am)
VIP pricing is invoice minus any incentives/discounts (looks like $750 customer cash is available).
I too am ahead on my '04 Forester XT: the lease payoff is lower than the "average" trade-in figures. Selling a leased car at home isn't usually ideal, will have to see if CarMax has any interest in it if the Subie dealer doesn't.
#55 of 610 Re: 2007 Legacy GT Limited Sedan [ursrob]
Nov 21, 2006 (8:21 am)
I sure do, ursrob. Subaru's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Legacy GT Limited Sedan with 15,000 miles per year are .00270 and 65%, respectively. With this lease you would have to pay your vehicle's first month's payment, a security deposit equivalent to that payment rounded up the the nearest $25 or $50 increment, Subaru's $595 acquisition fee, and any requited state taxes or fees at signing.
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#56 of 610 Re: Legacy Leasing for Nov '06 [looking4lease]
Nov 21, 2006 (8:28 am)
Greetings looking4lease. Subaru's current buy rate lease money factor and residual value for a 2007 Legacy Limited Sedan with 10,000 miles per year are .00270 and 72%, respectively. The residual value for an otherwise identical lease with 15,000 miles per year is 2% lower.
I see that you are considering making a $2,000 down payment on your lease. I always advise consumers not to make down payments when leasing. I do so because if their leased vehicle is totaled in an accident or stolen and never recovered, their down payment essentially disappears. Consumers can and should lease any vehicle that they want without making any sort of capitalized cost reduction. All you will have to pay at lease signing are your vehicle's first month's payment, security deposit, $595 acquisition fee, and any required state taxes or fees at signing.
I would be happy to give you my opinion of the deal that you are getting, but you never mentioned this car's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without knowing what the selling price is, it's difficult to say how good a deal this is. Subaru is currently providing $750 customer cash on this model, but I do not believe that this cash is compatible with its lease program.
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#57 of 610 Re: 2007 Legacy GT Limited Sedan [subearu]
Nov 21, 2006 (8:32 am)
Thanks for the additional information, Brian. Subaru is providing $750 customer cash on the 2007 Legacy right now, but I do not believe that this cash is compatible with its special lease program. So I guess that for the purpose of a lease through the VIP program, this vehicle's capitalized cost would be dealer invoice. According to my calculations, if you were to lease a 2007 Legacy GT Sedan with an MSRP of $31,111 and a selling price of $28,791 through Subaru's captive finance company for 48 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $355.
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#58 of 610 Help with lease numbers
Nov 24, 2006 (1:35 pm)
Can you help with some lease numbers for me as this is my first lease:
2007 Legacy 2.5i Special Edition Sedan Manual
Selling price 17,999 + options of $927 = selling price 18926. MSRP of the vehicle is 22094 (incl. options & delivery)
I'm looking at a 39 month 15K lease using the Subaru captive finance company / Sign & Drive promotion. I think the residual is 52% and MF is .00230, but can you double check those for me?
This lease is for PA which has a 6% sales tax and a 3% lease tax.
Using an excel lease calculator, I get the following numbers using the following assumptions:
Acquisition fee: 595
Tax 9% (6% + 3%)
Subaru Lease cash (which IS compatible with special lease promotion: (- 750)
Dealer CAP reduction under Subaru Sign & Drive Lease: (- 1057)
Total depreciation 7928.46
Monthly Depreciation 203.29
Monthly Finance fee 71.08
Monthly payment 274.38
The dealership claims that they are using the same MF and residual, but are coming up with a payment of 287 per month. I realize that it's not a lot of difference, but I'm trying to figure out where the difference comes from.
Also, how is end of lease buy-out pricing obtained? Is it the cap cost / sale price minus the total depreciation (in this case 18926 - 7928 = 10998)?
Thanks for your help!