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Subaru Legacy Lease Questions

598 messages,  Last post on May 14, 2013 at 7:50 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? Subaru Legacy, Car Leasing, Sedan, Wagon

Messages Page 8 of 60

#71 of 598 Re: Help with lease numbers [retiredguy] by Car_man HOST

Jan 25, 2007 (3:42 am)

Replying to: retiredguy (Jan 07, 2007 9:36 am)
Hi retiredguy. Since this is your first time 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.
 
You seem to have a good grasp of what information to gather about the vehicle that you want to lease. The two most important numbers to focus on are its selling price and its money factor. You were quoted around a $2,000 discount on this car. When the $750 lease cash that is currently available on it is backed out, this is a $1,250 discount. A base 2007 Legacy has a spread of around $1,150 between its full MSRP and dealer invoice price, so the price that you were quoted looks good to me. The money factor looks a little high though. The last time I saw Subaru's buy rate lease money factor and residual value for a 42 month lease of a 2007 Subaru Legacy 2.5i Special Edition Sedan they were .00210 and 49% with 15,000 miles per year.
 
Car_man
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Prices Paid Forum

#72 of 598 Re: Legacy 2.5 i SE Residuals/MF's [ajfitzer] by Car_man HOST

Jan 25, 2007 (3:46 am)

Replying to: ajfitzer (Jan 22, 2007 10:00 am)
Here you go, ajfitz. Subaru's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Legacy 2.5i Sedan Special Edition with 12,000 miles per year are .00270 and 69%, respectively. The numbers for an otherwise identical 36 month lease are .00230 and 55%. Its 42 month numbers are .00210 and 51%. When negotiating your lease on this model, make sure to take the $750 lease cash that is currently available on it into account.
 
Car_man
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Prices Paid Forum

#73 of 598 current 07 subaru legacy lease information help by jhall111

Mar 18, 2007 (8:26 am)

Hi Car man-
 
I'm new to these forums. What a nice resource! I'm impressed with the amount of information that is available here.
 
I'm looking at a leasing a 2007 Legacy Special Edition 2.5i sedan within about 3 months. I'm looking at either a 24 or 36 month lease with 12K per year. Here are the details on the specific deal I'm looking at:
 
MSRP $23,430 (options are auto. transmission, armrest extension, auto dimming mirror/compass, all weather mats, and spoiler)
 
My questions are:
1. What are the current residuals for 24 and 36 months?
2. What are the current money factors used for 24 and 36 months?
3. What should be a reasonable negotiated discount? (I haven't yet made a visit to my salesperson.) Carsdirect.com is saying about 1,100-1,200 off of msrp for my area (western NY).
4. Are there any lease cash or lease rebates?
5. Do you anticipate any changes in Subaru's programs over the course of the next 3 months?
 
Thanks for your help with these questions.
Joe

#74 of 598 Re: current 07 subaru legacy lease information help [jhall111] by Car_man HOST

Mar 21, 2007 (3:21 am)

Replying to: jhall111 (Mar 18, 2007 8:26 am)
Welcome Joe. Thanks. Subaru Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Subaru Legacy 2.5i Special Edition Sedan with 12,000 miles per year are .00225 and 69%, respectively. The numbers for an otherwise identical 36 month lease are .00230 and 55%, respectively. When negotiating your lease on this car, make sure to take advantage of the $750 lease cash that is currently available on it. This cash will help you to negotiate an attractive capitalized cost.
 
If I was in the market for this car, I personally would shoot for a selling price that's $500 or so over dealer invoice before the subtraction of the $750 incentive, which would put you at around $250 under invoice after the cash is taken into account. Make sure to stop by the following discussion to see how much other community members have paid for similar vehicles lately: "Subaru Legacy: Prices Paid & Buying Experience".
 
Subaru's current cash incentives and lease program is scheduled to run through April 2nd. Unfortunately, it is difficult to say what its new April program will be like at this point.
 
Car_man
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Prices Paid Forum

#75 of 598 Good Deal? by nickc3

Mar 23, 2007 (6:26 am)

I was quoted for a Legacy Special Edition Base Model, Auto:
 
36 months, 15K Miles/Per year:
318/Month
$680 Due at signing + Reg fees
 
24 Months:
$300/Month
$680 Due at Signing + DMV Fees
 
Dealer also stated he would extend warranty if we took 36 months.
 
I'm getting this through the "VIP" program discount I get through work...
 
Sounds like a fair deal?

#76 of 598 Re: Good Deal? [nickc3] by nickc3

Mar 25, 2007 (6:00 am)

Replying to: nickc3 (Mar 23, 2007 6:26 am)
Well, I had 2 dealers fighting over my deal...I ended up getting:
 
Due at signing:
$595 Bank fee
$90 document fee
DMV Fees
 
36 Months
15K Miles/Year
Leasecare Warranty
 
$279/Month.
 
Outrageous......I told dealer (kidding) that I would take 2 at that price!

#77 of 598 First Time Leasing, Need Help by liz15

Mar 27, 2007 (2:23 pm)

This is my first time leasing and I was hoping you could let me know if I have a good deal.
 
2.5i Limited Sedan
The Price I Received $24,065
Residual Value 68%
Money Factor - Dealer told me 5% and change
24 Months
Sales Tax 7%
12,000 miles
Lease Price with tax $337.15
No money down, but they want me to pay $695 plus registration fee. What is the $695 for?
 
What do you think?
 
The dealer told me that it would cost more for me to lease at 36 months because of the program.

#78 of 598 First time lease, should I buy out? by cfc247

Apr 06, 2007 (12:00 pm)

Hi,
 
I just leased an 07 Legacy special edition w/automatic for $274 with $0 down and paid about $210 for registration and fees at signing. 42months/12k miles per year.
 
With tax the payment comes out to $298 I believe. The car is only about two months old. I just checked the buyout price and saw that it was $17,800. When I do the calculations, buying the car with about $3000 down would make my payment very similar to the lease. Is it worth pursuing or should I wait to the end of the lease?

#79 of 598 medical student wanting to lease. by rubensmadder

Apr 06, 2007 (10:07 pm)

Hi,
 
I'm planning on leasing a 2007 Subaru Legacy 2.5i SE Sedan. However I'm not sure if me being unemployed (since I am a full time medical student) would affect my chances of getting a good deal on a lease. I have been in contact with Lynnes Subaru in Northern NJ and I have been told that the lease rates for the Legacy 2.5 SE and GT would be the following: $275/month sign and drive for 36 months 12K miles/yr or $179/month with $2594 due at signing for 36 months 12K miles/yr both for Tier 1 and 2 credit. I jst checked my 3-bureau credit report today and my FICO score ranges from 680-699.
 
I would really appreciate it if you can give me some rough numbers as to what i would most likely qualify for considering my credit score and being a full time student.
 
Thanks.

#80 of 598 Re: Good Deal? [nickc3] by Car_man HOST

Apr 25, 2007 (2:44 am)

Replying to: nickc3 (Mar 23, 2007 6:26 am)
Hi nickc3. I assume that VIP is Subaru's name for its supplier purchase program. If so, the fact that you are able to purchase a vehicle through it should guarantee that you are getting a good deal on this car. Still, it wouldn't be a bad idea to find out the exact MSRP and selling price that are being used to calculate the monthly payment that you were quoted. I always advise lessees to find these numbers out for any vehicle that they want. Also, make sure that the dealer that you are leasing through uses Subaru Finance's buy rate lease money factor to calculate your car's monthly payment. Its current buy rate for a 24 month lease of a 2007 Legacy Special Edition Base Sedan is .00225. The buy rate for a 36 month lease of this car is .00230.
 
Car_man
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Prices Paid Forum

Messages Page 8 of 60

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