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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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#82 of 382
Re: First time lease, should I buy out? [cfc247] by Car_man HOST
Apr 25, 2007 (1:57 am)
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Replying to: cfc247 (Apr 06, 2007 11:00 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.
 
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#83 of 382
Re: medical student wanting to lease. [rubensmadder] by Car_man HOST
Apr 25, 2007 (2:05 am)
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Replying to: rubensmadder (Apr 06, 2007 9:07 pm)

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.
 
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#84 of 382
Re: Subaru Legacy: Lease Questions [Car_man] by nantucat
Jul 07, 2007 (7:52 am)
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Replying to: Car_man (Aug 31, 2005 4:21 pm)

Does anyone know what the word is on Quirk Subaru in Braintree, MA? They have a 2 yr Legacy lease for $79/mo. Sounds too good to be true to me...
 
Thanks for sharing experience.
Regards,
Annie on Nantucket
#85 of 382
Re: Subaru Legacy: Lease Questions [nantucat] by ateixeira
Jul 10, 2007 (9:25 am)
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Replying to: nantucat (Jul 07, 2007 7:52 am)

I'd hate to see what was due at signing, probably $10 grand.
#86 of 382
Re: Re: Subaru Legacy: Lease Questions [Car_man] by rudi2
Jul 11, 2007 (12:29 pm)
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Replying to: Car_man (Sep 21, 2005 3:15 am)

Hi Car man. I have a price for a 2008 legacy SE sedan 2.5i automatic of $20,000 plus tax and motor vehicle fees. If I were to lease it for 48 months, with 15,000 miles per year, what would my payments be?The car would be purchased in new Jersey. The MSRP for the vehicle is approx.$23,000.
#87 of 382
Subaru Legacy: July Lease Rates by ericmd
Jul 17, 2007 (6:20 pm)
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Car Man,
 
Do you know what the July residual value and money factor are on a 2008 Legacy GT and Legacy GT spec.b. I was recently quoted 56% and .0026 (GT) and 50% and .0026 (spec.b). These were for 36 months and 10,000 miles a year. Do these sound right?
#88 of 382
Re: Subaru Legacy: July Lease Rates [ericmd] by fuzzynips
Jul 26, 2007 (3:44 pm)
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Replying to: ericmd (Jul 17, 2007 6:20 pm)

Today, I was quoted the following for a 2008 Legacy GT:
 
MF: .00185 (4.44%)
RESIDUAL: 49%
 
This is for 36 months / 15,000 miles
#89 of 382
Re: Subaru Legacy: July Lease Rates [fuzzynips] by ericmd
Jul 27, 2007 (6:22 am)
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Replying to: fuzzynips (Jul 26, 2007 3:44 pm)

What dealer/area did you get the quote from? The best money factor I have been quoted is .0026. I figured the dealers were inflating this number. I can't find the Subaru Motors Finance money factor anywhere online.
#90 of 382
Re: Subaru Legacy: July Lease Rates [ericmd] by fuzzynips
Jul 27, 2007 (6:56 pm)
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Replying to: ericmd (Jul 27, 2007 6:22 am)

Chicago land area. It's weird, I have gotten quotes from two dealerships and these are what I have been given for an identical vehicle and the same lease terms (36 months / 15,000 miles annually).
 
Dealer #1:
Residual: 49%
Money Factor: .00185
 
Dealer #2:
Residual: 54%
Money Factor: .00310
 
As you can see, there is quite a big difference in both numbers. I am planning on test driving the vehicle tomorrow at a different dealership and seeing what they can do. If they won't match the numbers then I'm off to Dealer #1 to make the purchase/lease.
#91 of 382
Re: Re: Subaru Legacy: Lease Questions [rudi2] by Car_man HOST
Aug 07, 2007 (1:38 am)
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Replying to: rudi2 (Jul 11, 2007 12:29 pm)

Hi rudi2. Let's work up a lease payment on this car and see what we come up with. According to my calculations, if you were to lease a 2008 Subaru Legacy 2.5i Sedan that has an MSRP of $23,000 and a selling price of $20,000 through Subaru Finance right now for 48 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $222.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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