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Prices Paid: Buying & Leasing Experiences Subaru Legacy Lease Questions
378 messages, Last post on Nov 01, 2009 at 12:31 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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
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Replying to: subearu (Oct 23, 2006 12:51 pm) Car_man Host Prices Paid Forum
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Replying to: Car_man (Nov 20, 2006 5:48 am) Invoice: $28,791 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. thanks, -Brian
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Replying to: ursrob (Nov 15, 2006 8:11 am) Car_man Host Prices Paid Forum |
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Replying to: looking4lease (Nov 16, 2006 8:58 am) 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. Car_man Host Prices Paid Forum |
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Replying to: subearu (Nov 20, 2006 10:59 am) Car_man Host Prices Paid Forum |
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Car_man 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!
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Dealer in New England gave me these price quotes: 2007 Legacy gt ltd sedan. , with spoiler--xm radio--subwoofer; 24mos 15k/year.$551.95 monthly(including tax and fees) $1557.89 out of pocket 36mos. 15k/year. $495.80 monthly(including tax and fees $1501.74 out of pocket This for MSRP of $31,449 and Invoice of $29,101 These numbers seem to be way out of whack with what Edmunds lists as current Subaru deals. Or am I missing something?? |
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HI My 2003 special edition is off lease on the 21st. I'm looking into getting another Legacy but can't decide if the extra cost of the GT with the premium fuel, extra insurance, is worth it. I'll probably stay with the special edition. Two questions: is it worth trying to find an 06 GT and see if I can get it at a bigger discount than the 07? Does the fact that it's already a year old effect the price since it's already depreciated? (ok three questions...) I see that many people say that they want to lease with no money down or even that it's not good to put money down...is that the best way? I had to put down about 3 grand for the last one. I see though that there is a special program on now for new cars, and wonder if I can get a good deal on one since I also get the loyalty 1% discount. The only problem is that I'm 20,000km over on my mileage which is about 2 grand I'll have to pay unless I can get them to absorb it. What is the best way to proceed. I have to do this soon. thanks, cdndriver. Oh, I live in Toronto, Canada |
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Replying to: aparamedic (Nov 24, 2006 1:35 pm) Let's take a look at this deal. You were quoted a discount of $3,168 on a 2007 Subaru Legacy 2.5i Special Edition Sedan. This vehicle only has a spread of a little over $1,200 between its full MSRP and dealer invoice price. Add to that the $750 lease cash that is currently available on this model and we come up with a total of around $2,000 to play with. As you can see, the selling price that you were quoted for this vehicle is excellent. The money factor and residual value that you were quoted for this car are right on the money as well. If you like it, I personally don't see any reason not to pull the trigger on this deal. Vehicles' residual values are base upon a percentage of their full MSRPs including the destination charge and the MSRPs of any options that can be residualized. Car_man Host Prices Paid Forum |
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