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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: gmudude (Apr 07, 2009 1:28 pm) Subaru's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Outback Limited with Navigation and 15,000 miles per year are .00200 and 52%, respectively. The numbers for an otherwise identical lease of an '09 Outback XT Limited with Navigation are .00210 and 50%. The numbers for an otherwise identical lease of an '09 Forester Limited with Navigation are .00120 and 53%. Lastly, the numbers for the ;09 Forester Turbo Limited with Navigation are .00120 and 54%. When negotiating your lease on the Outback, make sure to take advantage of the $2,000 cash incentive that is currently available on it. Subaru is not providing any cash on the 2009 Forester right now. It doesn't need to, Forester sales have been on fire lately. I doubt that the fact that you leased a Subaru in 2007 makes you eligible for any available loyalty incentives. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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I have used this board for years but this is my first post. Just got a 2009 Outback 2.5i SE on a 36 month lease, 15K miles/year with 270 drive off Details: MSRP: 27,754 Sale price: 19,600 ( 19,000 + 600 bank aq. fee) Residual : 14820(54%) Disposition fee: $300 15 cents over 15Kmi/yr Subaru Motors Finance ( Chase) Drive off : registration (CA)+$45doc+$8 tire fee?+ $4tax)= $270 I was kinda amazed I got this deal so I wanted to post it. The one thing that was very weird was when they pulled my FICO it came up below 700 using Experian Auto Fico II so the money factor was .002 not .00175 Carman, any idea how I was able to get such a huge discount? ( 27,754-19,000=8,754) I don't even see these cars advertised in So. Cal for less than 21,700. It is kinda bugging me that don't know how they got to such a low price. I though maybe it was an open ended lease but the paper work is standard SMF. There is a disposition fee of $300 at lease end to turn in the car and I am in Northern CA.
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Replying to: johnuser17 (Apr 18, 2009 12:19 pm) 1. An Outback Special Edition doesn't MSRP for $27,754. It would literally have to have every accessory known to Subaru and still would be $1,500 short of that price. 2. Your residual of $14,820 is 53.39%, not 54% but either way the actual residual value of an SE 36 month, 15K per year is 53.0%. 3. How did you get out of paying your first monthly payment? Normally you have to put down at least $500 in order to do that. 4. Using the numbers you posted your payment would be around $221 not $201. What dealer did you go through? Salesman? |
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Replying to: johnuser17 (Apr 18, 2009 12:19 pm)
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Replying to: stoopy (Apr 19, 2009 3:38 pm) So let me address your points chuck: >>1. An Outback Special Edition doesn't MSRP for $27,754. It would literally have >>to have every accessory known to Subaru and still would be $1,500 short of >>that price. That is what I thought too but things must have changed since Jan. The Maroni sticker on my car showed an MSRP of $26,138 but he calculated the lease on the computer at $27,754. The car has a listed package at $3 grand or so but then gives a discount1,600. I don't have the sticker in front of me so I am approximating but my guess is he added the discount onto the $26,138. Again there is a $16 deficit there which I can resolve. When I get the sticker from the car tomorrow I can give you the exact numbers. Weird too that when I go to subaru.com I can't price out the model I have correctly. Look at this ad that shows the Outback 2.5i SE priced at $27,754 http://ads.ocregister.com/interactive-ads/ocr/images/pdf/0009079660-01.pdf >>2. Your residual of $14,820 is 53.39%, not 54% but either way the actual >>residual value of an SE 36 month, 15K per year is 53.0%. The residual on the lease contract is exactly $14,820. I can show that to you >>3. How did you get out of paying your first monthly payment? Normally you >>have to put down at least $500 in order to do that. It was a sign and drive lease. My payment would have been $191 with 0 out of pocket but with the FICO drop it went to 201 and I paid registration plus the fees >>4. Using the numbers you posted your payment would be around $221 not >>$201. Here are the numbers that show on the lease: 19600-1482=4780 4780/36= 133 dep/mo (1482+19600)*.002=68 rent/mo 133+68=201/mo + CA tax So yes, if you include tax the payment is $220/mon The interesting thing about the SE package is that it includes heated seats and a Harmon Kardon stereo but the climate control is analog with AC. Stereo is nice and has CD. Alloy wheels and 17" 225/55 tires are included. No leather, no dual zone climate control. Has the extended arm rest and Homelink thing on the rear view with a digital compass.
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Replying to: johnuser17 (Apr 19, 2009 9:19 pm)
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Replying to: stoopy (Apr 20, 2009 11:51 am) The car was brand new with 40 miles on. The model number on the Maroni was listed as 9DD I finally had a chance to look at the Maroni sticker and the MSRP was 26,183. The listed options are auto trans (1,000) Special edition package (3,350) and then a discount on the Special Edition pacage (-1750). My guess is he added that discount back to the $26,183 to get an MSRP of $27,933 . That makes more sense now because as chuck mentioned the residual is %53 for 36mo at 15K miles (27,933*.53=1480). If you pm me I will tell you exactly who I went to.
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Replying to: johnuser17 (Apr 20, 2009 12:27 pm) What did you mean by..... "I finally had a chance to look at the Maroni sticker" What's a Maroni?
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Replying to: johnuser17 (Apr 20, 2009 12:27 pm) I looked at Subaru website and there are two dealers in San Jose. I sent emails to both of them a minute ago. We'll see.
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Replying to: stoopy (Apr 21, 2009 7:39 pm) Let me know if you find a Forum that has PM and I will post it there. The only thing I can think of is posting the info on slickdeals as I think they have a PM system Let me know. |
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