Last post on Dec 06, 2013 at 7:25 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Subaru Legacy, Car Leasing, Sedan, Wagon
#74 of 609 Re: current 07 subaru legacy lease information help [jhall111]
Mar 21, 2007 (2:21 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.
Prices Paid Forum
#75 of 609 Good Deal?
Mar 23, 2007 (5:26 am)
I was quoted for a Legacy Special Edition Base Model, Auto:
36 months, 15K Miles/Per year:
$680 Due at signing + Reg fees
$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 609 Re: Good Deal? [nickc3]
Mar 25, 2007 (5:00 am)
Well, I had 2 dealers fighting over my deal...I ended up getting:
Due at signing:
$595 Bank fee
$90 document fee
Outrageous......I told dealer (kidding) that I would take 2 at that price!
#77 of 609 First Time Leasing, Need Help
Mar 27, 2007 (1:23 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
Sales Tax 7%
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 609 First time lease, should I buy out?
Apr 06, 2007 (11:00 am)
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 609 medical student wanting to lease.
Apr 06, 2007 (9:07 pm)
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.
#80 of 609 Re: Good Deal? [nickc3]
Apr 25, 2007 (1:44 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.
Prices Paid Forum
#81 of 609 Re: First Time Leasing, Need Help [liz15]
Apr 25, 2007 (1:49 am)
Welcome liz15. 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.
What is this car's full MSRP? If you let me know I can see how much of a discount you are being given on it and give you my opinion of this deal.
Subaru Finance charges a $595 acquisition fee on every vehicle that it leases. Individual dealers do not have the authority to waive this charge, but they do often have the ability to pad it to try to hide extra profit in deals. It looks like the dealer that you are working with is trying to mark-up Subaru's base acquisition fee by $100.
Subaru Finance's current buy rate lease money factor for a 24 month lease of a 2007 Legacy 2.5i Limited Sedan is .00265, which is equivalent to an interest rate of around 6.36%.
Prices Paid Forum
#82 of 609 Re: First time lease, should I buy out? [cfc247]
Apr 25, 2007 (1:57 am)
Hi cfc247. Where did you get the $17,800 buy out price? Is it the end of term purchase option that is listed on your lease contract? If so, in order to purchase your Legacy you would have to pay this price PLUS all of your remaining lease payments, or at least the depreciation portion of them to buy your car right now. You probably will be better off waiting until the scheduled end of your current lease to decide if you want to purchase your Legacy.
Prices Paid Forum
#83 of 609 Re: medical student wanting to lease. [rubensmadder]
Apr 25, 2007 (2:05 am)
Hi rubensmadder. Your credit score is certainly good enough to lease the Legacy that you are interested in, but I am not sure if the fact that you are not currently employed will make Subaru Finance hesitant to lease a vehicle to you. It very well might. You really need to sit down with the F&I person at a dealership to find out.
If you are able to lease this car, you really need to find out what its full MSRP and selling price are before finalizing your deal. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. It is difficult to tell how good a deal you are getting on your Legacy without knowing what these numbers are.
Once you have a selling price that you are comfortable with, make sure that the dealer that gives it to you uses Subaru Finance's buy rate lease money factor to calculate your monthly payment. Its current buy rate for a 36 month lease of a 2007 Legacy 2.5i SE Sedan is .00230.
Prices Paid Forum