Last post on Apr 18, 2013 at 9:53 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Subaru Outback, Car Leasing, Sedan, Wagon
#253 of 538 Re: Residual value 2007 Subaru Outback [casalbordino]
Jan 06, 2010 (1:48 pm)
Residuals are always a problem one way or the other. Its fairly rare for the purchase to work in your favor - boosting residual was a known way to lower lease pricing when they were considered good for volume by manufacturers. Look at the residuals $ and % in play now - typically quite a bit lower.
A large number of leases have residuals that are unrealistic in todays market, the problem is the lease company is not interested to drop your price, that reflects on actual resale prices - its typically a different pocket if they take a bath when selling at auction.
Don't know who your lease Co is, but I got the same approach with every lease end in the last few years.
State Tax and DMV fees are unavoidable.
Roos tend to hold their resale price well, so check out the local market for used ones with same spec and miles and decide what a known condition car is worth to you.
#254 of 538 Re: Residual value 2007 Subaru Outback [casalbordino]
Jan 08, 2010 (12:49 pm)
I think it's a fair price actually, especially since you're familiar with the previous owner!
#255 of 538 Re: Residual value 2007 Subaru Outback [britgeezer]
Jan 11, 2010 (9:01 am)
Wayne, NJ Subaru Dealer -
According to lease - gross capitalized cost $24,000. According to ALG, Subaru residual percentage is 50% = $12,000. Should residual be around $12,000 or so? Please advise.
#256 of 538 Re: Residual value 2007 Subaru Outback [casalbordino]
Jan 11, 2010 (5:21 pm)
You can't compare the residual % of today to the one in your current lease.
You accepted the higher residual price to help your monthly payments. The purchase price in your lease is what they will hang out for.
You can offer them less but who knows.....
#257 of 538 2010 outback 2.5 limited questions
Jan 12, 2010 (9:57 pm)
hello, anyone know that lease factor and residual for a 36 month 12k mile a year lease. also anyone have a dealer suggestion in the michigan ohio area?
#258 of 538 2010 3.6R Premium perception
Jan 13, 2010 (9:36 pm)
I'm considering the Outback lease but the prices I see are very high for what it is. What am I am missing here, I thought this was an economy AWD, one of the cheapest made today, but $29,000 and over $400 a month for a lease, that seems outrageous for a car like this. When did Subarus and Outbacks become so expensive? Why are there no good incentives? Is this car really that hot, and really worth these prices?
What's the lowest down and lowest monthly they are likely to give on the 2010 3.6R or 3.6R Limited? Thanks.
#259 of 538 Re: 2010 3.6R Premium perception [nickr1]
Jan 14, 2010 (8:04 am)
Well, keep in mind the average new car is up near $30k (28 something last time I heard a NADA figure), and most of those don't have AWD, usually about a ~$2000 option.
So the average AWD vehicle is probably priced in the 30s. And I think the Outback is nicer than average, especially a 3.6R Limited.
With even the best residuals in the 50% range, you're talking about $13,500 depreciation in 3 years even at 55% residual. Divide that by 36 months and before we even factor interest or anything else, you're at $375 per month.
Sure you can negotiate a bit, but add taxes and fees, and you're back up to $400. It actually sounds about right to me.
The car is definitely hot. Both November and December sales were more than double the year prior.
Consider a Forester, for 2 reasons:
* prices are a bit lower to begin with
* residuals are fantastic, up to 59-62%
#260 of 538 Re: 2010 3.6R Premium perception [ateixeira]
Jan 15, 2010 (7:32 pm)
Okay, but really, in this economy this car sells well for $400 a month lease. really? I would pay $200 for it, that's it. Must be a lot of people still living on credit or willing to default on a lease. Sorry, imho, $400 a month for this car is crazy.
#261 of 538 Re: 2010 3.6R Premium perception [nickr1]
Jan 15, 2010 (7:47 pm)
$199 leases are for stripped base models and often only happen with $4000 down when you read the fine print. And that's before 6% tax (or whatever your state has).
I think you're expectations are way too...low, I guess.
We are talking about a large, loaded, 6 cylinder, AWD, highly sought after vehicle.
For $199 you can lease a small FWD noone wants, sure.
I think they had a Forester lease for $259, but again, with a big down payment, and that's a 2.5X model with plastic wheel covers, no tinted windows, and cloth seats.
#262 of 538 Overpriced
Jan 16, 2010 (5:48 pm)
Yeah, I know what $200 a month leases, nothing, and that's because when you pay the large down payment it's way over $200 a month. Leases have become a way for dealers to make huge profits on people who can't get loans or have no down payment for a loan or can't afford a loan which is always way higher per month than a lease. Yes, you own the car if you buy, but what's it worth after you pay off a 5 year loan?
I was talking with a dealer about the Nav, just to talk, I would never buy one. I asked the price, he said $2,000, I said: how about $200, that's what a good Garmin costs, then I added: you people need to get real with your crazy prices. Of course, he doesn't own Subaru.
Just let this economic downturn go on for a year or two or three more, then check back on the price of a Forrester and the Nav, I guarantee you it won't be what it is now.