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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

What is this discussion about? Subaru Outback, Car Leasing, Sedan, Wagon



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#36 of 249
2.5i Outback Limited Wagon Lease by drewcar
Oct 26, 2006 (2:12 pm)
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Hello, Mr. Car Man. Thank you for being you.
 
A few important questions I was hoping you might be able to help me with when you have a moment:
 
1. Can you tell me the lease money factor and residual value percentage for a 2007 Subaru 2.5i Outback Limited Wagon?
 
2. I am using lease calculators to learn about this whole craziness....and I am a bit confused by the residual value computation. Is the residual value based on the Cap Cost or the Adjusted Cap Cost? It seems to me that, regardless of what one pays for a car, it is worth the same at the end of, say, 4 years and with 40,000 miles on it, no? Therefore, it would seem that the residual value is based on the Cap Cost NOT the adjusted cap. Please confirm or clarify if you would.
 
3. Finally, it seems that depreciation values set by leasing companies are rather high. If I return a leased car after four years with 40K miles, how am I to believe that the car is, say, 48% depreciated (52% residual value) when the private sale value after four years is more like a 65% residual value? Is this a profit angle or a cover-our-butts strategy to protect the leasing companies from value gaps?
 
Thanks for the help.
 
And again, thanks for being there.
#37 of 249
Lease rates by dino001
Oct 27, 2006 (7:43 pm)
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Hi Carman:
 
Do you have info on current mfr. (by Chase) lease MF and residuals on '07 Legacy GT Ltd/Outback XT Ltd wagons for 24/36 months and 15000 miles/yr? Is Spec B sedan any different? The region is Southeast (FL), if it matters. Feel free to volunteer any special/sunsidized rate they might have with other term lengths. I appreciate your help in advance.
#38 of 249
Lease Terms for 2.5 i Basic by rcurriejr
Nov 01, 2006 (12:17 am)
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Hi,
 
I'd like to know what you'd consider fair lease terms for an Outback 2.5i Basic 4EAT-S with a sale price of $22,000. I'll be trading in a vehicle with $2,000 of equity in it, and looking for a lease of 3 years/45,000 miles. Thanks.
#39 of 249
Re: 2.5i Outback Limited Wagon Lease [drewcar] by Car_man HOST
Nov 21, 2006 (8:39 am)
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Replying to: drewcar (Oct 26, 2006 2:12 pm)

You're welcome, drewcar, . Subaru's lease program for this vehicle varies depending upon how long you lease it for and its mileage allowance. For now I will assume that you are interested in a 48 month lease with 10,000 miles per year. Let me know if you want something different. Subaru's current buy rate lease money factor and residual value for a 48 month lease of a 2007 Outback 2.5i Limited Wagon with 10,000 miles per year are .00270 and 50%, respectively.
 
Vehicles' residual values are always based upon a percentage of their full MSRPs, including the destination charge and any options that can be residualized. So you are right, regardless of how much one pays for their vehicle, it is only worth a specific amount at the end of their lease. Vehicles' residual values are based upon a realistic assessment of what banks believe vehicles will be worth after a specific period of time. Many banks actually artificially inflate vehicles' residual values, making them unrealistically high so that they can provide consumers with attractive lease payments. Manufacturers like BMW do this sort of thing all the time. Most banks don't set vehicles' residuals too low though. There is a great article on how to calculate lease payments here at Edmunds.com. You definitely should check it out: Calculate Your Own Lease Payment.
 
Car_man
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#40 of 249
Re: Lease rates [dino001] by Car_man HOST
Nov 21, 2006 (8:45 am)
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Replying to: dino001 (Oct 27, 2006 7:43 pm)

Hi dino001. Subaru Auto Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Subaru Legacy GT Limited Wagon with 15,000 miles per year are .00270 and 65%, respectively. The numbers for an otherwise identical 36 month lease are .00240 and 53%. Subaru Auto Finance's buy rate lease money factor and residual value for a 24 month lease of a 2007 Subaru Outback XT Limited Wagon with 15,000 miles per year are .00270 and 63%. The numbers for an otherwise identical 36 month lease are .00240 and 54%. The Spec B's lease program is different, its residual values are not nearly as attractive. Its 24 month, 15k numbers are .00270 / 57%. Its 36 month, 15k numbers are .00240 / 47%.
 
Car_man
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#41 of 249
Re: Lease Terms for 2.5 i Basic [rcurriejr] by Car_man HOST
Nov 21, 2006 (8:46 am)
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Replying to: rcurriejr (Nov 01, 2006 12:17 am)

Greetings rcurriejr. I would be happy to estimate what this vehicle's lease payment would be if you were to lease it through Subaru's captive finance company right now. In order for me to do so I need you to provide me with its full MSRP. Let me know and I'll crunch some numbers for you.
 
Car_man
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#42 of 249
Re: 2.5i Outback Limited Wagon Lease [Car_man] by bpac02864
Dec 19, 2006 (11:48 am)
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Replying to: Car_man (Nov 21, 2006 8:39 am)

Hi Car Man,
 
I see the Subaru has a special for $239 per month on the 2.5I Basic.
 
What are my chances in getting a 2.5I Automatic. $2k down 42 months 15k per year at $290 per month In RI.
 
Thanks
#43 of 249
Leasing a 2007 Subaru Outback 2.5i Wagon by tommypc71
Dec 19, 2006 (11:53 am)
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Hi Mr. Car_Man, I am looking to lease a 2007 Subaru Legacy Outback 2.5i Wagon. The dealer quoted me a sale price of $22,694. The total price including TTL and doc fee is $23,842.82. The MSRP of the car is $25,403. I am looking to lease it for either 36 or 48 months with 15,000 miles per year. Do you know how much my monthly payment would be assuming I have good credit and I am going through Subaru Financing Company? Thanking you in advance. Tommy.
#44 of 249
Re: Leasing a 2007 Subaru Outback 2.5i Wagon [tommypc71] by ajfitzer
Jan 22, 2007 (8:56 am)
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Replying to: tommypc71 (Dec 19, 2006 11:53 am)

Tommy.....how did that work out for you?
 
I am NOT a Subie Newbie, and carman has helped me in the past. Now my wife has had it with our '96 Acura RL, and wants a second subie.
 
CarMan do you know the current #'s (money factor, incentives, etc) on the 2007 Outback 2.5i? I have tried to get into one in the past, but could never get a favorable lease. I am seeing some nice looking monthly numbers being advertised out here (NJ), so I am hoping we can take the leap, and am starting to e-mail dealers in a 60 mile radius.
 
Loving my 2006 Tribeca!
 
AJFITZ
#45 of 249
Quote on 07' Outback 2.5i by ajfitzer
Jan 23, 2007 (11:37 am)
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Car-man,
 
Here is what I was just offered, and I am HOPING that I might finally get in to a new Outback (although my Tribeca is still very very nice)......
 
07' Outback Wagon 2.5i 4Cyl
Selling Price: $22,627
Redidual 55%
MFactor .00210
 
42 month lease with 12K miles a year $314/month which includes taxes, and $626.51 down (includes first months, registration fees, tags, etc).
 
How does this one sound??
 
ajfitz

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