2015 Subaru Legacy Lease Questions

drmrhs

I just signed my lease for my 2016 legacy premium 2.5i with eyesight. The MSRP was 26671 but with VIP invoice pricing the agreed upon value came to 24827. It is a 36 month lease with 10k per year. I paid the first month payment and the doc/license/registration fees up front.

Based on the numbers you have been giving, I wonder if the numbers are right. My credit score is mid 700s but my rent charge is $1911, which seems like it corresponds with around 3% interest rate, so much higher than the 0.0006 you have been mentioning. I am in Ohio.

The use tax is 690.78, acquisition fee 595, bringing the gross capitalization and adjusted capitalized cost to 26112.78. The residual is 17069.44 (which seems to be 64%), making the depreciation 9043.34. The total cost comes to 10955/36 = 304.31. Do these numbers make sense?

Thanks, Matthew

Michaell

drmrhs said:

I just signed my lease for my 2016 legacy premium 2.5i with eyesight. The MSRP was 26671 but with VIP invoice pricing the agreed upon value came to 24827. It is a 36 month lease with 10k per year. I paid the first month payment and the doc/license/registration fees up front.

Based on the numbers you have been giving, I wonder if the numbers are right. My credit score is mid 700s but my rent charge is $1911, which seems like it corresponds with around 3% interest rate, so much higher than the 0.0006 you have been mentioning. I am in Ohio.

The use tax is 690.78, acquisition fee 595, bringing the gross capitalization and adjusted capitalized cost to 26112.78. The residual is 17069.44 (which seems to be 64%), making the depreciation 9043.34. The total cost comes to 10955/36 = 304.31. Do these numbers make sense?

Thanks, Matthew

MF on the 2016 Legacy Premium is .00100, or 2.4%, and the 36/10 residual is indeed 64%.

I don't know the tax rate, but with your numbers, I get a pre-tax payment of $294.39.

drmrhs

Michaell said:

drmrhs said:

I just signed my lease for my 2016 legacy premium 2.5i with eyesight. The MSRP was 26671 but with VIP invoice pricing the agreed upon value came to 24827. It is a 36 month lease with 10k per year. I paid the first month payment and the doc/license/registration fees up front.

Based on the numbers you have been giving, I wonder if the numbers are right. My credit score is mid 700s but my rent charge is $1911, which seems like it corresponds with around 3% interest rate, so much higher than the 0.0006 you have been mentioning. I am in Ohio.

The use tax is 690.78, acquisition fee 595, bringing the gross capitalization and adjusted capitalized cost to 26112.78. The residual is 17069.44 (which seems to be 64%), making the depreciation 9043.34. The total cost comes to 10955/36 = 304.31. Do these numbers make sense?

Thanks, Matthew

MF on the 2016 Legacy Premium is .00100, or 2.4%, and the 36/10 residual is indeed 64%.

I don't know the tax rate, but with your numbers, I get a pre-tax payment of $294.39.

Thanks very much. The tax rate is 6.75%. Does it look like they bumped up the MF? Is that typical?

Michaell

drmrhs said:

Michaell said:

drmrhs said:

I just signed my lease for my 2016 legacy premium 2.5i with eyesight. The MSRP was 26671 but with VIP invoice pricing the agreed upon value came to 24827. It is a 36 month lease with 10k per year. I paid the first month payment and the doc/license/registration fees up front.

Based on the numbers you have been giving, I wonder if the numbers are right. My credit score is mid 700s but my rent charge is $1911, which seems like it corresponds with around 3% interest rate, so much higher than the 0.0006 you have been mentioning. I am in Ohio.

The use tax is 690.78, acquisition fee 595, bringing the gross capitalization and adjusted capitalized cost to 26112.78. The residual is 17069.44 (which seems to be 64%), making the depreciation 9043.34. The total cost comes to 10955/36 = 304.31. Do these numbers make sense?

Thanks, Matthew

MF on the 2016 Legacy Premium is .00100, or 2.4%, and the 36/10 residual is indeed 64%.

I don't know the tax rate, but with your numbers, I get a pre-tax payment of $294.39.

Thanks very much. The tax rate is 6.75%. Does it look like they bumped up the MF? Is that typical?

Possible - yes. Typical? Not so much with Subaru.

comradsuhov

Hi Michaell,
the dealer is Shortline and they seem to be straightforward besides suspicious MF raise, but I might come with my own financing to avoid dealing with leasing. After testdriving 2.5 and 3.6 back to back I set my mind on 3.6R and the color/interior combo I want wont be here till late August/early September anyway, so I will revisit lease rates closer to that, but probably going to reserve the car as the price seems to be right.

Thank you for your help!

Michaell

comradsuhov said:

Hi Michaell,
the dealer is Shortline and they seem to be straightforward besides suspicious MF raise, but I might come with my own financing to avoid dealing with leasing. After testdriving 2.5 and 3.6 back to back I set my mind on 3.6R and the color/interior combo I want wont be here till late August/early September anyway, so I will revisit lease rates closer to that, but probably going to reserve the car as the price seems to be right.

Thank you for your help!

My wife wouldn't even entertain the 2.5i when we were looking for an Outback earlier this year. The power from the 3.6 is quite adequate and smooth.

The current numbers for Subaru expire on 8/31.

toyoman8

2015 Legacy Premium Lease
Hi, what is MF and RV for a 36/m x 10k and 12kmiles Tier 2 credit?

2015 Legacy 3.6R
what is MF and RV for a 36/m x 10k and 12kmiles Tier 2 credit?


I was offered a MSRP $26,750 Legacy Premium with Nav. for $24,800, 36x12k MF .0019(Tier 1), RV 58% nothing out of pocket, tax rolled in for $357/m, I think it's wasn't a good deal.

toyoman8

drmrhs said:

I just signed my lease for my 2016 legacy premium 2.5i with eyesight. The MSRP was 26671 but with VIP invoice pricing the agreed upon value came to 24827. It is a 36 month lease with 10k per year. I paid the first month payment and the doc/license/registration fees up front.

Based on the numbers you have been giving, I wonder if the numbers are right. My credit score is mid 700s but my rent charge is $1911, which seems like it corresponds with around 3% interest rate, so much higher than the 0.0006 you have been mentioning. I am in Ohio.

The use tax is 690.78, acquisition fee 595, bringing the gross capitalization and adjusted capitalized cost to 26112.78. The residual is 17069.44 (which seems to be 64%), making the depreciation 9043.34. The total cost comes to 10955/36 = 304.31. Do these numbers make sense?

Thanks, Matthew

that is RV of 64% ? is that right, 2016 Legacy Premium 36x10 is 64% ??? and MF .0006???

So, 2016 Legacy is a much better Lease than 2015????? really

Michaell

toyoman8 said:

2015 Legacy Premium
what is MF and RV for a 36/m x 10k and 12kmiles Tier 2 credit?
Any rebates available?

I was offered a MSRP $26,750 Legacy for $24,800, 36x12k MF .0019(Tier 1), RV 58% nothing out of pocket, tax rolled in for $357/m, I think it's wasn't a good deal.

2.5i Premium 36/12 - 60% and .00059. Tier 2 adds .00025 to the MF.

drmrhs

toyoman8 said:

drmrhs said:

I just signed my lease for my 2016 legacy premium 2.5i with eyesight. The MSRP was 26671 but with VIP invoice pricing the agreed upon value came to 24827. It is a 36 month lease with 10k per year. I paid the first month payment and the doc/license/registration fees up front.

Based on the numbers you have been giving, I wonder if the numbers are right. My credit score is mid 700s but my rent charge is $1911, which seems like it corresponds with around 3% interest rate, so much higher than the 0.0006 you have been mentioning. I am in Ohio.

The use tax is 690.78, acquisition fee 595, bringing the gross capitalization and adjusted capitalized cost to 26112.78. The residual is 17069.44 (which seems to be 64%), making the depreciation 9043.34. The total cost comes to 10955/36 = 304.31. Do these numbers make sense?

Thanks, Matthew

that is RV of 64% ? is that right, 2016 Legacy Premium 36x10 is 64% ??? and MF .0006???

So, 2016 Legacy is a much better Lease than 2015????? really

With a trade it could well be, but Michaell clarified that the MF is actually 0.001 rather than 0.0006.

drmrhs

Michaell said:

drmrhs said:

Michaell said:

drmrhs said:

I just signed my lease for my 2016 legacy premium 2.5i with eyesight. The MSRP was 26671 but with VIP invoice pricing the agreed upon value came to 24827. It is a 36 month lease with 10k per year. I paid the first month payment and the doc/license/registration fees up front.

Based on the numbers you have been giving, I wonder if the numbers are right. My credit score is mid 700s but my rent charge is $1911, which seems like it corresponds with around 3% interest rate, so much higher than the 0.0006 you have been mentioning. I am in Ohio.

The use tax is 690.78, acquisition fee 595, bringing the gross capitalization and adjusted capitalized cost to 26112.78. The residual is 17069.44 (which seems to be 64%), making the depreciation 9043.34. The total cost comes to 10955/36 = 304.31. Do these numbers make sense?

Thanks, Matthew

MF on the 2016 Legacy Premium is .00100, or 2.4%, and the 36/10 residual is indeed 64%.

I don't know the tax rate, but with your numbers, I get a pre-tax payment of $294.39.

Thanks very much. The tax rate is 6.75%. Does it look like they bumped up the MF? Is that typical?

Possible - yes. Typical? Not so much with Subaru.

When I asked the dealership (who I won't mention for now) about this, they showed me a paper that said my money factor for the 2016 legacy premium 2.5i + eyesight in Ohio 36 month 10k/year was 0.00123. I know that I should have tier one credit. I also have VIP discount. They assured me that 0.00123 is standard for the area. I want to know whether I am being lied to and should reflect it in the customer surveys or whether they are telling the truth, in which case I wouldn't want to give them a bad review.

Michaell

drmrhs said:

Michaell said:

drmrhs said:

Michaell said:

drmrhs said:

I just signed my lease for my 2016 legacy premium 2.5i with eyesight. The MSRP was 26671 but with VIP invoice pricing the agreed upon value came to 24827. It is a 36 month lease with 10k per year. I paid the first month payment and the doc/license/registration fees up front.

Based on the numbers you have been giving, I wonder if the numbers are right. My credit score is mid 700s but my rent charge is $1911, which seems like it corresponds with around 3% interest rate, so much higher than the 0.0006 you have been mentioning. I am in Ohio.

The use tax is 690.78, acquisition fee 595, bringing the gross capitalization and adjusted capitalized cost to 26112.78. The residual is 17069.44 (which seems to be 64%), making the depreciation 9043.34. The total cost comes to 10955/36 = 304.31. Do these numbers make sense?

Thanks, Matthew

MF on the 2016 Legacy Premium is .00100, or 2.4%, and the 36/10 residual is indeed 64%.

I don't know the tax rate, but with your numbers, I get a pre-tax payment of $294.39.

Thanks very much. The tax rate is 6.75%. Does it look like they bumped up the MF? Is that typical?

Possible - yes. Typical? Not so much with Subaru.

When I asked the dealership (who I won't mention for now) about this, they showed me a paper that said my money factor for the 2016 legacy premium 2.5i + eyesight in Ohio 36 month 10k/year was 0.00123. I know that I should have tier one credit. I also have VIP discount. They assured me that 0.00123 is standard for the area. I want to know whether I am being lied to and should reflect it in the customer surveys or whether they are telling the truth, in which case I wouldn't want to give them a bad review.

I show .00100 as the 36 month MF for the 2016 Subaru Legacy Premium for August. Maximum mark up allowed is .00050, so they didn't gouge you as bad as they could have.

You might want to discuss this with the dealer before completing the survey ... not that the paperwork will change, but perhaps other "considerations" are available for a good review.

drmrhs

Michaell said:

drmrhs said:

Michaell said:

drmrhs said:

Michaell said:

drmrhs said:

I just signed my lease for my 2016 legacy premium 2.5i with eyesight. The MSRP was 26671 but with VIP invoice pricing the agreed upon value came to 24827. It is a 36 month lease with 10k per year. I paid the first month payment and the doc/license/registration fees up front.

Based on the numbers you have been giving, I wonder if the numbers are right. My credit score is mid 700s but my rent charge is $1911, which seems like it corresponds with around 3% interest rate, so much higher than the 0.0006 you have been mentioning. I am in Ohio.

The use tax is 690.78, acquisition fee 595, bringing the gross capitalization and adjusted capitalized cost to 26112.78. The residual is 17069.44 (which seems to be 64%), making the depreciation 9043.34. The total cost comes to 10955/36 = 304.31. Do these numbers make sense?

Thanks, Matthew

MF on the 2016 Legacy Premium is .00100, or 2.4%, and the 36/10 residual is indeed 64%.

I don't know the tax rate, but with your numbers, I get a pre-tax payment of $294.39.

Thanks very much. The tax rate is 6.75%. Does it look like they bumped up the MF? Is that typical?

Possible - yes. Typical? Not so much with Subaru.

When I asked the dealership (who I won't mention for now) about this, they showed me a paper that said my money factor for the 2016 legacy premium 2.5i + eyesight in Ohio 36 month 10k/year was 0.00123. I know that I should have tier one credit. I also have VIP discount. They assured me that 0.00123 is standard for the area. I want to know whether I am being lied to and should reflect it in the customer surveys or whether they are telling the truth, in which case I wouldn't want to give them a bad review.

I show .00100 as the 36 month MF for the 2016 Subaru Legacy Premium for August. Maximum mark up allowed is .00050, so they didn't gouge you as bad as they could have.

You might want to discuss this with the dealer before completing the survey ... not that the paperwork will change, but perhaps other "considerations" are available for a good review.

Thanks. I got this response. It sounds feasible to me-- what do you think:

Let me try to clarify this. The money factor you are getting on the forum is correct however this is unadvertised factor and the dealers is our area ( regardless of what they may tell you ) mark it up to get the same money we get paid on advertised rates such as 1.9% on retail rates from Subaru Motor Finance. I have also heard of some dealers marking it up even more.
We are not trying to gouge anyone but we expect to be compensated in the same way as we would be on advertised special rates thus the markup to .00123.
I understand the confusion and frustration but if we really wanted to take advantage of the situation the mark up could have been more.

kyfdx

drmrhs said:

Michaell said:

drmrhs said:

Michaell said:

drmrhs said:

Michaell said:

drmrhs said:

I just signed my lease for my 2016 legacy premium 2.5i with eyesight. The MSRP was 26671 but with VIP invoice pricing the agreed upon value came to 24827. It is a 36 month lease with 10k per year. I paid the first month payment and the doc/license/registration fees up front.

Based on the numbers you have been giving, I wonder if the numbers are right. My credit score is mid 700s but my rent charge is $1911, which seems like it corresponds with around 3% interest rate, so much higher than the 0.0006 you have been mentioning. I am in Ohio.

The use tax is 690.78, acquisition fee 595, bringing the gross capitalization and adjusted capitalized cost to 26112.78. The residual is 17069.44 (which seems to be 64%), making the depreciation 9043.34. The total cost comes to 10955/36 = 304.31. Do these numbers make sense?

Thanks, Matthew

MF on the 2016 Legacy Premium is .00100, or 2.4%, and the 36/10 residual is indeed 64%.

I don't know the tax rate, but with your numbers, I get a pre-tax payment of $294.39.

Thanks very much. The tax rate is 6.75%. Does it look like they bumped up the MF? Is that typical?

Possible - yes. Typical? Not so much with Subaru.

When I asked the dealership (who I won't mention for now) about this, they showed me a paper that said my money factor for the 2016 legacy premium 2.5i + eyesight in Ohio 36 month 10k/year was 0.00123. I know that I should have tier one credit. I also have VIP discount. They assured me that 0.00123 is standard for the area. I want to know whether I am being lied to and should reflect it in the customer surveys or whether they are telling the truth, in which case I wouldn't want to give them a bad review.

I show .00100 as the 36 month MF for the 2016 Subaru Legacy Premium for August. Maximum mark up allowed is .00050, so they didn't gouge you as bad as they could have.

You might want to discuss this with the dealer before completing the survey ... not that the paperwork will change, but perhaps other "considerations" are available for a good review.

Thanks. I got this response. It sounds feasible to me-- what do you think:

Let me try to clarify this. The money factor you are getting on the forum is correct however this is unadvertised factor and the dealers is our area ( regardless of what they may tell you ) mark it up to get the same money we get paid on advertised rates such as 1.9% on retail rates from Subaru Motor Finance. I have also heard of some dealers marking it up even more.
We are not trying to gouge anyone but we expect to be compensated in the same way as we would be on advertised special rates thus the markup to .00123.
I understand the confusion and frustration but if we really wanted to take advantage of the situation the mark up could have been more.

Them: "So... we didn't really screw you... we just pinched your butt"

You: "Let me clarify.. I'm not signing a lease deal with a marked up money factor"

It might work, might not..