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Subaru Outback Lease Questions

249 messages, Last post on Nov 25, 2009 at 8:55 AM
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Hi folks, I'm in discussions with a dealership in NJ on a 36 month 15k/yr lease of a '10 Outback Ltd. Extras include moonroof, autodim/homelink mirror, media hub, wheel arch moldings, and wheel locks. Total MSRP is $31090. With only first payment at inception, I've been offered $495.24/mo. Cap Cost: 28966 Tags and Fees: 489 MF: .00190 Residual: 53% Tax (7%) in NJ: 1012.79 These #s don't compute for me; something seems off. Given Tax and Tags (as cited) divided over 36 months = 41.72, that would mean (at least by subtracting the provided monthly payment and the tax/tags) that depreciation+finance = 453.52. When I use the numbers provided and compute depreciation (cap-resid/term) and finance fee (cap+resid/mf) I get 346.90 and 86.34 respectively for a sum total of 433.24.....some $20 higher per month applying the math from the top down. anyone have any thoughts on this? Does chase subaru finance work some other voodoo into their calculation? Another question which I've never been able to find an answer to - how is car lease tax computed in nj? at 7% i cannot for the life of me determine the number being used as the tax basis (at least not as a function of msrp, depreication, residual, cap cost). Looking to take delivery this week. Any guidance or thoughts most appreciated. Thank you, Chris
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Replying to: cdnj1 (Oct 21, 2009 3:30 am) |
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Replying to: stoopy (Oct 21, 2009 8:23 pm)
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Replying to: cdnj1 (Oct 22, 2009 5:35 am)
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Replying to: stoopy (Oct 21, 2009 8:23 pm) |
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Replying to: stoopy (Oct 25, 2009 8:20 am) |
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Replying to: stoopy (Oct 25, 2009 8:20 am) But he's right, these are selling well so there are few incentives to make a bargain lease. |
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Hi all, newcomer here but finding everyone's advice extremely helpful. I'm negotiating a 36 month/12k lease of a 2010 OB 3.6R with sunroof, all weather package, premium audio with bluetooth, auto dimming mirror and cargo net. Offered: Invoice price of $27,118 Residual: 54% money factor: .00170 $1399 drive off and monthly of $389.55 + tax = $427.53 Almost $80 better than I was quoted 6 weeks ago, so feel like dealers are starting to give a bit. Would greatly appreciate thoughts on this deal, as well as others' experiences. Trying to negotiate down to $500 under invoice, but I'm liking the deal. |
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I am about to purchase a 2009 OB 3.0 with Nav for $29,500 with bank financing. This is Subaru executive car that has not been titled. Is this price ok? Time is of the essence here! John
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Replying to: peiboy (Nov 24, 2009 12:57 pm) I'd aim for 10% below the invoice cost of a new one for a program car. Unless it has less than 1000 miles or something. |
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