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2013 and earlier-Subaru Forester Lease Questions

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  • jjlewjjlew Posts: 2
    I am looking to lease a Forester, have one month left on my current lease from Acura and am wondering if waiting for the 2011's is the way to go. My understanding is that the lease payment will be less on a 2010, but what about residuals? Also XT w/ navi vs. Limited vs Premium All-weather PKG. Any thoughts on these 3 models?
  • steine13steine13 Posts: 2,411
    As a "leasing veteran" -- iow, leasing seems to work for you -- I don't think you need to care too much about residuals. If you do turn it in, I'd say it doesn't matter, and the only significant number is the total outlay -- $$ down + sum of the payments.

    It definitely pays to compare '10s and '11s, though.

    Cheers -Mathias
  • jjlewjjlew Posts: 2
    What about buying it outright. Do Subaru's hold their value? Never had one. Love your insight. Thanks.
  • Hey peteyboy30. I'm pretty sure that the money factor that I provided you with is correct. The .00250 rate sounds like Chase's standard money factor.

    $595 is a pretty typical acquisition fee. All banks charge one. You won't be able to get this charge waived. You can either pay it at lease signing or have it rolled into your car's capitalized cost to make it part of your monthly payment.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • kilnkiln Posts: 39
    edited November 2010
    I was going to wait until the Forester's refresh (2012 model - new transmission?), but it seems as if I'm going to need a vehicle much sooner. My question is if I were to lease a 2011 Forester how much of a hit would I take if I wanted to trade it in for a 2012? Do you only have to pay the negative equity or are there other fees that dealerships add on?
  • kyfdxkyfdx Posts: 27,671
    They don't really charge a penalty when you turn a lease in early.. They just sell your leased car at auction, and charge you the difference between what it's worth and the current payoff on your lease...

    When you find out how much that is, you won't turn your lease in early..

    Don't lease the car, if you can't keep it for the entire lease term.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Is it completely unheard of to get quoted $800 under invoice for a 2011 2.5X premium? Because that is the price I jut received. Seems way too low, but I'm not complaining
  • Well, personally, the best I could do was get invoice pricing, but still haven't been able to pull the trigger due to financial issues right now. If you can get it, I'd jump on it, just make sure there aren't any other hidden fees that they'd use to make up that $800. Care to share where you got this from?
  • ateixeiraateixeira Posts: 72,587
    I think that's more than their holdback, so you basically robbed them. You didn't happen to be wearing a mask and carrying a gun? LOL
  • This was the dealer breakdown:
    Here's the lease info on a 2011 Forester 2.5X Premium/AWP/Auto

    MSRP is $25,720 and the selling price would be $23,498. MF on the 2011 is 0.00215 and the residual is 64% 3 years /10,000 miles per year $300.77/mo w/tax= $317.57/mo $732.57 total due at signing

    I've run these leases with the normal upfronts: first payment, $288 doc fee and $125 registry fee. Acquisition fee $595 is included in the lease...some dealers quote it separately as an upfront fee but we find that most customers choose to include it in the lease.
  • I would love to make this deal with a local dealer, and would certainly be willing to travel to get it. The only dealer I went to stated the MF was .00250, and wanted invoice price for the car.

    Where are you located? Is this a signed/sealed deal you are speaking of? What dealer was this? Help us out! Thanks!
  • I've been working directly with internet sales. I'm going into the dealership tomorrow to sign the paperwork. I will let you know if it actually comes to fruition. I'm leery
  • I'm sure I'm not the only one who would really appreciate that information. Either way, do let us know how it goes. Thank you!
  • cdnj1cdnj1 Posts: 16
    Hi all...

    Looking to replace a Legacy (coming off lease in early Jan) with a new Forester.

    Dealer I'm working with is quoting (first) remaining 2010 models with prices under invoice (selling price $23557 | Invoice $24157 | MSRP $25824) for a 2010 2.5x Premium.

    A few questions:
    1. sound like a fair price for a 2010 now that 2011 are hitting lots?
    2. what do I give up (or gain) by going 2010 over 2011?
    3. what is Dec money factor on 2010 (and 2011 if different)
    4. what are residuals on 2010 and 2011 2.5x premium for 10k and 12k respectively
    5. The lease I'm returning is about 10k miles under on total mileage - does this give me any negotiating power (across dealers perhaps if they are looking to buy and resell)?

    Thanks all!
  • Hi cdnj1. Given the fact that Subaru is not currently providing much in the way of cash incentives on the Forester, a selling price of under invoice is a very good deal.

    Subaru's December buy rate lease money factor and residual value for a 36 month lease of a 2010 Forester 2.5X Premium with 12,000 miles per year are .00095 and 54%.

    The numbers for an otherwise identical lease of a 2011 model are .00215 and 61%.

    The residual values for leases with only 10,000 miles per year are 1% higher.

    I don't think that the fact that your current vehicle is so far under our mileage allowance will help you in your negotiations for a new one, but you can always see if the dealer is interested in your vehicle.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • what is the MF and residual on 15k forester xt touring?

    thank you
  • Hey mwahlert. Subaru's January buy rate lease money factor and residual value for a 36 month lease of a 2011 Forester XT Touring with 15,000 miles per year are .00200 and 60%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • peteyboy30peteyboy30 Posts: 34
    edited February 2011
    Howdy again, Car_man!

    Ok, due to some unforeseen financial stuff, I never did pull the trigger on that Forester. But, now that's changed, and if you'd be so kind, I'd appreciate hearing what the MF and residual is on 2011 Forester 2.5X, 36 months, 12k miles. Also, when calculating the lease should I be adding the acquisition fee ($595) and the delivery charge ($720) to the "additional costs" section of a lease calculator, or just add it onto the net cap cost, or does it make any difference? Lastly, what about PZEV? The last dealer with said they didn't charge extra for it, but Edmunds lists it as a seperate line item... thoughts? Thank you SO much for all your time!
  • ateixeiraateixeira Posts: 72,587
    In PZEV states, at least, the warranty for the emissions related content is much longer. Could be more durable, perhaps?

    It's $300 extra but you also get 5hp and guilt-free driving.

    We got PZEV and have no regrets. $60 per horse is cheap.
  • I don't want to badger Car_Man, so I'm wondering if anyone else has recently leased a 2.5x and could advise me what money factor and residual they got? I used Truecar.com to get in touch with a couple of dealers, who for some reason seem to be selling below what Truecar is saying the dealer cost is. I'll see how this goes, and report back. But one dealer told me the residual was 62%, and I thought it was 65%. Any info anyone could provide within the past month, maybe 2, would be very helpful. Thanks!
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