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Subaru Outback Lease Questions

249 messages, Last post on Nov 25, 2009 at 8:55 AM
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Replying to: bobbyjones (Jun 09, 2007 7:30 am) Yes, I ended up keeping the 05 Outback. I figured I might as well wear it out for the next 6 months instead of my purchased Baja. - Art
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Replying to: linusthelab (Jun 23, 2007 7:20 am) I'm asking because I'm looking to buy. I'm days away from leasing / buying new but would love to try and get into something like yours if the residual was right! -B
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Replying to: bobbyjones (Jun 23, 2007 12:43 pm) The residual is about $18500 or so when I turn it in at the end of the year. I don't remember the exact price. I checked into lease transfers but it appears that Subaru does not allow that. A friend of mine is considering buying it at the end of my lease. I think it's worth it. - Art
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Replying to: linusthelab (Jun 23, 2007 7:58 pm) Well, good luck with it then. -B |
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The dealer replied via email that "gap insurance is included". Do I absolutely need this? Which situation would I not need gap insurance? What hidden costs would be in the lease that I can try to eliminate in addition to getting the selling price down further below what he's offering? Again, the offer from the dealer: '07 Subaru Legacy Limited (last one left): MSRP: 26,140 "$300 under invoice" price offered: $24,379 $339/month, $1100 down, 15k/year, 39 months $369/month with $0 down Res: 52%, MF: .00235 I believe the MF could be slightly lower. What do you think? Thanks all!
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Replying to: jad376 (Jun 25, 2007 7:08 pm) I would never buy GAP for a loan, but I would never lease (I mean "normal" lease, not one of those exotic put 10 grand down or so) without GAP. |
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| OK, thanks for all your advices. The dealer just came back with $22,238 - $3,902 off the MSRP. Lease payment of $369/month folding all taxes and fees into the monthly payment with absolutely nothing down! Anything else I should know whatsoever? I'm going to get the car tomorrow. | |
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I just plugged in the numbers to a lease calculator just to be sure - if this one is based on 12,000 miles a year, it's just a few dollars more than right-on-target. If the lease calculator is based on 10,000, I guess I've got a good deal on my hands. MSRP: $26140. Negotiated lease price: $22238 ($1000 lease cash included) Tax, title, license, fees, etc.: $1100 Cap: $23,338 52% residual: $13,593 Money Factor: .00235 39 months 6% PA sales tax $356.86 per month. If this is based on 12,000 miles per year (1000 miles per month), and the 250 extra miles needed to bring it up to 15,000 would be 0.15 per mile - that would, in theory, bring it up to $394 and change...so it looks like a pretty good deal after all. I sent out some dealer inquiries to Volvo dealers about the V50, too - they come close ($431 for a $37,000 car?), but I'd rather save $3,588 in lease costs. Ciao! J.
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Replying to: jad376 (Jun 28, 2007 7:05 am) -B |
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Replying to: jad376 (Jun 28, 2007 7:05 am) |
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