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2013 and earlier-Subaru Forester Lease Questions

CarMan@EdmundsCarMan@Edmunds Posts: 38,515
edited January 28 in Subaru
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Subaru Forester. Thanks.

Car_man
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Comments

  • dwdmdwdm Posts: 6
    Car_man

    Do you have the money factors and residuals for a 2005 Forester XS or XS LL Bean Edition? Looking at 36 months, either 36 or 45k miles. Thanks!
  • HI dwdm. I don't believe that Subaru is providing lease support on 2005 models any longer. I can tell you what the lease program for the 2006 Forester is like if you want. Let me know.

    Car_man
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  • Car man, I'd like to hear about the 2006 Forester leasing, thanks!
  • I'd be happy to help you out, kcgold. Just let me know exactly what model you want, i.e. a 2006 Forester X, a Forester XT Limited, etc, how long you want to lease it for and how many miles per year you need to be able to drive it.

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  • Hi Car man,

    I'd like to get the (1) residual, (2) lease money factor, and (3) estimated monthly payment (with $0 down) would be for the 2006 Forrester LL Bean, with an MSRP of $27,500 and a selling price of $26,000. I'd like the numbers for a 36 month, 12,000 miles/year lease and for a 48 month, 12,000 miles/year lease.

    Thanks!

    Ben
  • pgl2pgl2 Posts: 1
    Hello Car Man,

    I live in New Jersey and would also be interested in the residual and money factor for an '06 2.5 X LL Bean for a 36 month lease but with a 15,000 mile per year allowance. Thanks.
  • Th figures quoted me today (Central NY) on the '06 Forrester 2.5 X LLBean for a 36 mos., 15k/yr lease (Tier 1 credit) are:

    .00175 money factor
    51% residual

    The residual here is quite poor for a Subaru. The Toyota Highlanders, for example, are between 55% and 58%, with a comparable money factor (.0019).
    Philidor1
  • Hi Ben. If you were to lease a 2006 Subaru Forester LL Bean Edition through Subaru's captive finance company right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00175 and 52%, respectively. The numbers for an otherwise identical 48 month lease should be .00150 and 44%. Using these numbers, an MSRP of $27,500, and a selling price of $26,000, I estimate that this truck would have a zero down, pre-tax 36 month payment of around $396 and a 48 month payment of around $347.

    Car_man
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  • Hi pgl2. The lease money factor for a 36 month lease of the aforementioned vehicle would be the same for both 12,000 and 15,000 miles per year, but its 15,000 miles per residual value would be 1% lower than its 12,000 miles per year resid.

    Car_man
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  • I was quoted a high lease deal on an XT LTD today even though Sube has Forester lease support for until 01/31. I was wondering about your price. I was quoted for 48 mos, 1050. total at delivery including NY tax (.08625) and 12k/yr.

    Any ideas?
  • dmjjpydmjjpy Posts: 11
    Car_man, could I please get the residual and money factor for a XT and X+PP for a $0 down/24 month/12k miles lease?

    Thanks!!!
  • dmjjpydmjjpy Posts: 11
    Any chance I can get the above(msg #12) info Car_Man??
  • Hi dmjjpy. If you were to lease a 2006 Subaru Forester XT through Subaru Auto Finance right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00265 and 64%, respectively. You would be much better off leasing this truck for 36 or 39 months because its money factors for these terms are much more attractive. Its 36 mo. / 12K numbers are currently .00190 / 53% and its 39 mo. / 12K numbers are .00175 / 51%.

    Car_man
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  • rnw96rnw96 Posts: 2
    Hello Car man,

    Do you have resididual and money factor for the Forester X 2.5 with the Premium Package? I would like a 36 month lease, 12,000 miles. I'm in NYC.

    I expect the MSRP to be $24,500 and the Dealer Invoice price to be about $23,000. Those numbers reflect the current $1,000 rebate that Subaru is offering.

    Do you know if the consumer rebate still applies if you lease? They are also offering 0% financing in lieu of the rebate, but I assume that applies only to loans, not leases?

    Thanks!!
    Will
  • markmatmmarkmatm Posts: 1
    Looking at lease on Subaru Forester. Was told that the $2000 rebate from Subaru would be "lost" if I choose to lease and not finance. Is this correct?

    They told me the for a purchase:
    Retail price: $22,420
    then "savings" of $2,425
    Then Rebate of $2,000
    for an adjusted sale price of $17,995.00

    But, if I lease, the numbers will not include the rebate because the rebate only applies to finance deals.

    Is this correct?

    Thank you!!!
    Can you verify if the
  • allictallict Posts: 1
    I'm in CT and shopping for the Forester too.

    The price changed dramatically once I told them I may be interested in leasing. I think this is typical. Essentially they get nearly MSRP, minus residual value then the money facotr to calculate lease payments. Rigth now, the Forester lease is $264 for a 48 month, 12,000 miles lease. About 15 bucks more a month for the 15,000.

    Residual value is kind of low, it was just about 50% of the sell price of the car.

    For what it's worth.

    Regards,

    Allison
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, Will. If you were to lease a 2006 Subaru Forester 2.5 X through its captive finance company right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00080 and 54%, respectively. Subaru is currently providing $2,000 customer cash on the '06 Forester X, unfortunately this cash cannot be combined with its special lease program though. The 0% finance rate that you have seen advertised is only available on regular loans, and then only for 2 year loans.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi markmatm. The information that you were told is correct. The $2,000 customer cash that Subaru is currently providing on the '06 Forester X is not compatible with its special lease program.

    Car_man
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  • vizviz Posts: 50
    Hello...
    I would like to lease/rent a car for short term, mainly during winter. I am interested in subaru cars/suv's only.
    Are there any leasing companies/rental companies which rent/lease vehicles for very short term.
    Regards,
    Viz.
  • cdnj1cdnj1 Posts: 16
    Hi, I'm looking at '07 Forester with Prem Pkg at the following:

    MSRP: 25861
    Cost: 23866
    MF: .00280
    RV: 54% (14482)
    miles: 12k/yr
    term: 36 months
    location: nj

    with fees and first month at inception (1296 total), this comes to 399/mo.

    Is this a decent deal?

    another question - ive been quoted 1011 in sales tax - i cannot for the life of me figure out where this number came from...how is sales tax on a lease computed in nj, and where did this number come from?

    thx.
  • Hi cdnj1. The lease program that you were quoted for this vehicle looks about right to me. Furthermore, you are bring given nearly a $2,000 discount on it. This looks like a reasonable price to me, but make sure to stop by the following discussion to see how much other community members have paid for similar vehicles recently: "Subaru Forester: Prices Paid & Buying Experience". I personally don't see anything wrong with this deal.

    Car_man
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  • eire2xeire2x Posts: 1
    Hey CarMan- I am looking to lease a 2007 Subaru Forester in upstate New York. A salesman gave me the following numbers on a Forester 2.5X. MSRP: 22,419, but he told me he was bringing it down to $21,566. There is a $1500 rebate, which brings it down to just over $20,000. Residual value he told me was 49%. He gave me 2 quotes. For 15,000 miles/year, 39 months, with $1,548.62 (first payment and taxes) plus plates up front, the monthly lease payment is $330.37. If I roll the taxes into the monthly payments and only pay $432.91 up front, the monthly payment is $365.41.
    Any thoughts on this? Are there any other numbers you need before you can tell me if this is a good deal?
    Thanks for your help.
    Tim
  • Hey Tim. So you are being given a dealer discount of around $850 on the Forester that you want to lease on top of the $1,500 lease cash. A base 2007 Subaru Forester 2.5X only has a spread of around $1,180 between its full MSRP and its dealer invoice price. So a discount of $850 isn't bad. It's probably only a couple hundred dollars over invoice. This price looks good to me, but you can always stop by the following discussion to see how much other community members have paid for similar vehicles lately: "Subaru Forester: Prices Paid & Buying Experience".

    Take this price and make sure that this dealer uses Subaru Finance's buy rate lease money factor to calculate your monthly payment and you're in business. Subaru Finance's current buy rate lease money factor and residual value for a 39 month lease of a 2007 Subaru Forester 2.5X with 15,000 miles per year are .00260 and 49%, respectively.

    Car_man
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  • jefbakjefbak Posts: 19
    On Jan 2nd I was able lease a Forester X with Premium package for $265 a month including ttl. This was for a 24 month lease, 10K per year and $3000 down. I think the selling price for the lease was about $21500.
    The leasing program was not that good compared to the mazda CX-7, but I wanted the full time awd so I went with it.

    I am hoping a hybrid version will be availbe when my lease is up.
  • Congratulations on your new Forester, jefbak. Thanks for taking the time to share the details of your deal with everyone. Enjoy your new ride!

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  • au1994au1994 Posts: 765
    I have the following quote on an 07 LL Bean:

    25,988 price, includes 1k in lease cash
    12k/ 36 mo. lease
    1st payment down payment is 490/mo 6% taxes included
    1016 down (fees etc) payment is 473 taxes included.

    I think this can be improved. Am I right?

    Thanks!!

    2013 335i Sport Line Alpine White over Coral Red w/Black Trim

    2005 330cic ZHP Monaco Blue over Natural Brown w/Black Trim

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi au1994. What is this vehicle's MSRP? This number will show me how much of a discount you are being given and it will enable me to use Subaru's current lease program to estimate what your monthly payment should be. Let me know and I'll tell you what I think of this deal.

    Car_man
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  • dleungnycdleungnyc Posts: 41
    Hi just curious. Does anybody know the current lease rate for the forester XT sports auto? For 2 years with 10k miles/year and 3 years with 10k/miles/year?

    Thanks in advance.

    David
  • 98in_cuse98in_cuse Posts: 9
    Hi Car_man, I am looking at a lease deal with trade-in valued at $2800. The information that I have is:

    MSRP $25086
    Inv. $23697
    36 mo./10K yr.
    $330.35/mo., no initial payment except trade-in

    I would like the "buy rate lease money factor" and residual value for this deal, but also wanted your opinion. It looks like about $2000 was taken off if I was to actually purchase the car, but I am also "waiting for the hybrid".
    To buy this car outright I was quoted $21636.26 including taxes and fees. Which is the better deal? I'd rather go with the lease but want to know if this is a good deal. It sounds like jefbak got a really good one!

    Thanks, Kathy
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the info that you're looking for, David. Subaru Auto Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Subaru Forester XT with 10,000 miles per year are .00200 and 63%, respectively. The numbers for an otherwise identical 36 month lease are .00280 and 54%. When negotiating your lease on this vehicle, make sure to take advantage of the $1,000 lease cash that Subaru is providing on it.

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