Last post on May 14, 2013 at 7:50 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Subaru Legacy, Car Leasing, Sedan, Wagon
#83 of 598 Re: medical student wanting to lease. [rubensmadder]
by Car_man HOST
Apr 25, 2007 (3:05 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
#84 of 598 Re: Subaru Legacy: Lease Questions [Car_man]
Jul 07, 2007 (8:52 am)
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.
Annie on Nantucket
#85 of 598 Re: Subaru Legacy: Lease Questions [nantucat]
Jul 10, 2007 (10:25 am)
I'd hate to see what was due at signing, probably $10 grand.
#86 of 598 Re: Re: Subaru Legacy: Lease Questions [Car_man]
Jul 11, 2007 (1:29 pm)
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 598 Subaru Legacy: July Lease Rates
Jul 17, 2007 (7:20 pm)
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 598 Re: Subaru Legacy: July Lease Rates [ericmd]
Jul 26, 2007 (4:44 pm)
Today, I was quoted the following for a 2008 Legacy GT:
MF: .00185 (4.44%)
This is for 36 months / 15,000 miles
#89 of 598 Re: Subaru Legacy: July Lease Rates [fuzzynips]
Jul 27, 2007 (7:22 am)
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 598 Re: Subaru Legacy: July Lease Rates [ericmd]
Jul 27, 2007 (7:56 pm)
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).
Money Factor: .00185
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 598 Re: Re: Subaru Legacy: Lease Questions [rudi2]
by Car_man HOST
Aug 07, 2007 (2:38 am)
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.
Prices Paid: Buying & Leasing Experiences Forum
#92 of 598 2008 Subuaru Legacy GT
Aug 08, 2007 (3:24 pm)
First let me say what a great resource this board and site are! I'm looking to lease my first car and this site has been invaluable in teaching me the benefits of leasing a Legacy.
I'm currently looking at a:
2008 Subaru Legacy GT
-Splash Guards, etc (Only thing the dealership has so I'll deal with it)
I was quoted a "sticker price" of ~$31k from Doug Smith Subaru in American Fork, UT from Dempfey Bowling.
For a 36month/15k lease the numbers were:
Money Factor: .00260
For a 36month/12k lease:
Money Factor: .00260
We've got about 10k to throw down, but ideally we want to throw down 4k at signing and then try to keep the monthly payments including tax below $400 (allowing our first 15 months to be "paid for" with the remaining 6k, while building up for the remaining 21 months)
Is this a good deal? I don't really have my heart set on this car, really I'd be happy with a 2.5i Limited Edition as the major factors in getting a car are that it have: AWD, Leather, and be Automatic Transmission. For me a lease is ideal just because I live in Hawaii but will be attending school on the mainland for at least the next 3 years, but I have no idea if Ill be returning to the island or sticking on the mainland (and shipping a car here is a pain!)
Thanks for your time!