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Prices Paid: Buying & Leasing Experiences Subaru Outback Lease Questions
249 messages, Last post on Nov 25, 2009 at 8:55 AM
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Replying to: tenmiler (Dec 08, 2007 10:16 pm) 
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Replying to: dino001 (Dec 09, 2007 1:45 pm) I guess I'm not understanding you very well: Both cars have penalties for overages on mileage, and I'm pretty sure they are the same (.20/mile). Are you saying Subaru doesn't penalize you for excessive wear and tear. I have to say I'm kind of doubting that Volvo is any "harsher" here. For example: My current XC lease is up. I have taken it into Wells Fargo Auto Finance's auction house in Denver (who, btw, does Subaru leases), to have them "evaluate" it. I had one unfortunate bang into my bumper that cracked it, but it was a $150 charge (the bumper repair quote was $580 when I took it to the dealer last year). The other thing they checked was tire tread. I was okay on that, so no charge. Then they looked for dings and large scratches beneath paint. I had none, but the guy told me they were **$15** a piece. That was it. My car was under mileage so I didn't get dinged for that, but it was the same as Subaru. It wasn't even clean when I brought it in, had a perforation in the side door leather from a ski, the guy saw it and didn't charge me. So, I personally think that Volvo is subsidizing the car, yes, but not hitting wear and tear any harder, unless Subaru has some kind of easy lease deal where you can beat the crap out of the car and not worry. I'd be surprised. I just want to add here: If I wanted a new XC, I'd get one, but I don't like the poor gas mileage on the new one so I'm now considering an Outback--so this wasn't a 'Volvo is better than Subaru" post. I think the Outback's a great wagon! Thanks!
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Carman, Wondering if you could chime in on this lease for an 08 Outback XT/VDC/Automatic/Nav: Purchase Price: 32,000 residual for 12k miles per year is .53 money factor is .00170 36 month lease= $469/month plus taxes Customer cash back: $750 Thanks! |
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Replying to: tenmiler (Dec 10, 2007 1:45 pm) No, that' not what I'm saying at all. I have no idea about the inspection critera or "nickling and diming" practices of any of the companies. My point is that in case of having overmileage/excessive wear you can elect to purchase a vehicle rather than pay the penalties. However, in case of Outback, you'd be much closer to its market value, therefore if you decide to "flip it" rather than pay the penalty, you'd take much smaller loss than in case of Volvo, which residual is significantly more overinflated.
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Replying to: dino001 (Dec 10, 2007 2:06 pm) And on the front-loading of residual it's likely you've got more knowledge than I. I will say though, WellsFargo offered the car to me at a $4000 discount from the buyout, which put it about $5,000 under current retail market value and a couple grand less than trade-in value (using kbb and edmunds as a gauge) if I did buy it. I do know Outbacks tend to have higher value at the end of leases than most cars (I think BMW was the highest?). But if you just turn in the car and walk away rather than buy, being 'closer to market value' at the end of the lease is irrelevant, no? That's where Volvo is beating up on the Outback (in terms of the lease), especially given it's known as a luxury wagon where Outback isn't (and the MSRP--however overpriced--is nearly $10K more) The sad part is I don't want to own a Volvo past 50,000, even though it's been flaw-free till now.  So I intend to turn it in. I'd likely do that with a Subaru as well. I simply lease because I cannot stand servicing a car.
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Replying to: tenmiler (Dec 10, 2007 2:17 pm) I agree, it is completely irrelevant. The catch is your lease must be structured right on the money with the mileage and you have to be able to "defend" the car well over the course of the lease. If you do that, overinflated residual is only helpful. You bascially rent it for loess than your lessor is paying in depreciation. However, if you don't (defend the car or have the right mileage), the low payment will bite you right in the rear with no way around . Just read some post of desperate people with 20K overmileage and having to pay 20K*0.2=4 grand in mileage fees or buy their used car for some exorbitant amount then you get an idea...
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| I just started the lease of an '08 Outback 2.5i Ltd LLBean with Nav for $368/mo, 0 down, 36mos, and 12000m/yr. Any idea if it's a good deal? | |
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2008 Outback 2.5i Limited, Black, Tint windows, AW Floor mats, lease for 384/36 mths, 15K a year, $16,450 residual-Good deal? NY state - Ulster County. 36/mnth, 15k miles, $16,450 residual, $384 a month. Looking to verify it's a good deal? |
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FYI re recent lease. I just leased a 2008 Outback 2.5XT with NAV. 15k miles per year--36 month lease--selling price of $31,550--$7k drive off with lease payments of $310 per month, including tax and license ($286 per month before tax and license)--52.8% residual on MSRP of $35,314. Money factor is .0015. I did the large down b/c I wanted the monthly cash flow to stay low--not recommended in most instances, but works nicely for me. Great car. Realistic residual amounts to slightly higher payment when compared to other comparably priced car I was considering--Infiniti G35--but the Outback offers great reliability and versatility. The Outback will be even more desirable when we get the diesel with 40-50 mpg.
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Replying to: socalh2oskier (Apr 13, 2008 12:55 pm)  . Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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