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Subaru Outback Lease Questions

246 messages,  Last post on Oct 26, 2009 at 11:53 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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#63 of 246
Getting out of a Subaru Outback 3.0 LL Bean Lease by linusthelab
May 27, 2007 (9:47 am)
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Hi Car Man!
Nice forum you have here.
I have a 2005 Subaru Outback LL Bean 36-month lease, $418.22/mo. 12K miles/year allowance, currently only 23K miles on it. I have 6 months left on the contract. I have just purchased a 2005 Subaru Baja and no longer need the Outback. Can I turn in the car early? Even if I could, I imagine I would pay a penalty. I hope I don't have pay the remaining $2500 I would owe if I kept it until the end.
Thank you in advance.
- Art
#64 of 246
Re: Getting out of a Subaru Outback 3.0 LL Bean Lease [linusthelab] by subearu
May 27, 2007 (1:34 pm)
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Replying to: linusthelab (May 27, 2007 9:47 am)

You likely can just pay the remaining 6 months of payments plus any early termination fee, less the security deposit. Or, maybe try a CarMax and see if they'll purchase it - as long as their price is equal to or higher than the buyout, unless you're ok with some cash out of your pocket.
 
-Brian
#65 of 246
Residual and MF Help Needed by manga13
May 27, 2007 (2:39 pm)
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I am considering a Subaru Outback 2.5i LLBean Edition. The TMV for my area is 26,497. Do you know what figures I should use for the Residual amount and the MF? thanks.
#66 of 246
Re: Getting out of a Subaru Outback 3.0 LL Bean Lease [subearu] by linusthelab
May 27, 2007 (10:21 pm)
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Replying to: subearu (May 27, 2007 1:34 pm)

You said: "You likely can just pay the remaining 6 months of payments plus any early termination fee, less the security deposit."
 
But this doesn't make good sense. That would cost more than if I waited until the end of the lease.
 
- Art
#67 of 246
Re: Getting out of a Subaru Outback 3.0 LL Bean Lease [linusthelab] by subearu
May 28, 2007 (5:26 am)
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Replying to: linusthelab (May 27, 2007 10:21 pm)

I didn't say it made good sense either but, it is what he was asking and likely may be the easiest solution. He's already in another vehicle and has payments left on the other. Getting out of a lease costs $, 6 months or not.
 
If the vehicle had more time left on the lease, he might be able to find someone to take over the lease. But, 6 months or less is probably a hard one to convince someone to take over. That's why I suggested finding someone to purchase and buyout the lease.
 
-Brian
#68 of 246
Re: Getting out of a Subaru Outback 3.0 LL Bean Lease [linusthelab] by bobbyjones
Jun 09, 2007 (7:30 am)
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Replying to: linusthelab (May 27, 2007 9:47 am)

Art,
 
Did you end up keeping the 2005?
 
-B
#69 of 246
Re: Getting out of a Subaru Outback 3.0 LL Bean Lease [subearu] by xwesx
Jun 14, 2007 (11:40 am)
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Replying to: subearu (May 28, 2007 5:26 am)

Depending on the cost of insuring it for those 6 months, it could work out better than retaining it for that time as well.
#70 of 246
Legacy Wagon (I know, wrong forum...) by jad376
Jun 20, 2007 (2:51 pm)
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Ciao. This is my first time posting, and I know it's in the wrong forum. I just thought I'd get more traffic here. Thanks for understanding.
 
I'm looking at a leftover '07 Legacy Limited wagon, Diamond Grey w/black leather interior.
 
From the dealer:
52% residual
.0023 money factor
based on "$300 under invoice": $24,379.
 
Lease calculator based on 6% sales tax and 39 months: $354, that's adding $1000 Subaru cash incentive. However, because the dealer quoted me under invoice already, should I forget about this $1000?
 
It still seems a little high to me. Is this a good deal?
 
J.
#71 of 246
More Legacy questions. by jad376
Jun 21, 2007 (8:18 am)
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The dealer came back with other numbers on the Limited.
 
$0 down, 15,000 miles/year, 39 months: $369, T,T&L folded into monthly payment.
 
T,T&L= about $1100. If I put that down, for the same lease on the same vehicle, he quoted me $339. This sounds like the right deal.
 
Now...I found another dealer much closer to my home with a silver Special Edition. No 6-CD, no auto climate control, but they're quoting me a price to put the full leather interior in and do a lease:
 
with $525 down:
 
$358, month, 42 months.
 
At that same dealer, on "a" Limited wagon, they're quoting:
 
$385/month, 48 months, $0 down. This is with an "acquisition fee" folded into the monthly.
 
Personally, I'd prefer the first vehicle; I'd have to go farther to get it, but I don't really want to get into this car for a year past its factory warranty.
 
Is this a good deal? I'm shopping it against the Hyundai Santa Fe, Honda CR-V, or a deeply deeply discounted Nissan Murano. The Subaru beats them all on gas mileage, and has similar usable space in the back. The handling on the hunkered-down Legacy is good for a wagon, in my opinion.
 
Thanks for your help,
 
J.
#72 of 246
Re: More Legacy questions. [jad376] by ateixeira
Jun 21, 2007 (10:50 am)
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Replying to: jad376 (Jun 21, 2007 8:18 am)

I'd go with the $339 deal. You want to put something down so you don't end up upside down and need gap insurance.

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