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Prices Paid: Buying & Leasing Experiences Subaru Outback Lease Questions
249 messages, Last post on Nov 25, 2009 at 8:55 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: tenmiler (Dec 10, 2007 1:45 pm) No, that' not what I'm saying at all. I have no idea about the inspection critera or "nickling and diming" practices of any of the companies. My point is that in case of having overmileage/excessive wear you can elect to purchase a vehicle rather than pay the penalties. However, in case of Outback, you'd be much closer to its market value, therefore if you decide to "flip it" rather than pay the penalty, you'd take much smaller loss than in case of Volvo, which residual is significantly more overinflated.
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Replying to: dino001 (Dec 10, 2007 2:06 pm) And on the front-loading of residual it's likely you've got more knowledge than I. I will say though, WellsFargo offered the car to me at a $4000 discount from the buyout, which put it about $5,000 under current retail market value and a couple grand less than trade-in value (using kbb and edmunds as a gauge) if I did buy it. I do know Outbacks tend to have higher value at the end of leases than most cars (I think BMW was the highest?). But if you just turn in the car and walk away rather than buy, being 'closer to market value' at the end of the lease is irrelevant, no? That's where Volvo is beating up on the Outback (in terms of the lease), especially given it's known as a luxury wagon where Outback isn't (and the MSRP--however overpriced--is nearly $10K more) The sad part is I don't want to own a Volvo past 50,000, even though it's been flaw-free till now.  So I intend to turn it in. I'd likely do that with a Subaru as well. I simply lease because I cannot stand servicing a car.
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Replying to: tenmiler (Dec 10, 2007 2:17 pm) I agree, it is completely irrelevant. The catch is your lease must be structured right on the money with the mileage and you have to be able to "defend" the car well over the course of the lease. If you do that, overinflated residual is only helpful. You bascially rent it for loess than your lessor is paying in depreciation. However, if you don't (defend the car or have the right mileage), the low payment will bite you right in the rear with no way around  . Just read some post of desperate people with 20K overmileage and having to pay 20K*0.2=4 grand in mileage fees or buy their used car for some exorbitant amount then you get an idea...
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| I just started the lease of an '08 Outback 2.5i Ltd LLBean with Nav for $368/mo, 0 down, 36mos, and 12000m/yr. Any idea if it's a good deal? | |
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2008 Outback 2.5i Limited, Black, Tint windows, AW Floor mats, lease for 384/36 mths, 15K a year, $16,450 residual-Good deal? NY state - Ulster County. 36/mnth, 15k miles, $16,450 residual, $384 a month. Looking to verify it's a good deal? |
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FYI re recent lease. I just leased a 2008 Outback 2.5XT with NAV. 15k miles per year--36 month lease--selling price of $31,550--$7k drive off with lease payments of $310 per month, including tax and license ($286 per month before tax and license)--52.8% residual on MSRP of $35,314. Money factor is .0015. I did the large down b/c I wanted the monthly cash flow to stay low--not recommended in most instances, but works nicely for me. Great car. Realistic residual amounts to slightly higher payment when compared to other comparably priced car I was considering--Infiniti G35--but the Outback offers great reliability and versatility. The Outback will be even more desirable when we get the diesel with 40-50 mpg.
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Replying to: socalh2oskier (Apr 13, 2008 12:55 pm)  . Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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2008 Outback Basic Auto Cargo Net Hatch Cover Armrest Extender Quartz Silver MSRP - $23,885 Purchase Price = $20,600 Cap Cost Reduction = $1,500 36 mos 12K/year MF = .00140 Residual = 54% Payment of $238/mo. (includes tax) This was one of the first times I left a dealer thinking I actually got a really good deal. So now I look to the heavens and ask....did I really??!! I have three days to take it back, so if any of you could chime in and let me know it would be greatly appreciated. Thanks in advance.
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Replying to: lbh2315 (May 28, 2008 9:54 am) |
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| Anyone getting/seeing good deals on Outbacks lately? | |
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