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2013 and earlier-Subaru Forester Lease Questions

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Comments

  • rmervaurmervau Posts: 10
    That is way way to high!!! If you can't get this car for 285.00 a month for those lease details.. You have goit to walk to another Subaru dealer.

    you can get a 2012 subaru with power driverseat and sun roof pzev or not for 249 amonth in travers ecity Michigan.

    do a lease with another dealer and have the car drop shipped if you ahve to!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited June 2012
    I certainly do cowgirl15.

    Chase's June buy rate lease money factor and residual value for a 36-month lease of a 2012 Forester Limited with 12,000 miles per year are .00110 and 55%, respectively for consumers who qualify for its top credit tier.

    I'd say that $700 over invoice is a reasonable price for this vehicle, though you might be able to shave off another couple hundred dollars off of the Forester's price if you are in an area that has a decent level of competition and have some time to shop around.

    The payment that you were quoted does look a little high to me.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • rmervaurmervau Posts: 10
    You should not be paying anywhere near 400 a mon th or even 300 amonth for that lease..Not for a for. Never! Money would ahve to be scarce and your credit 580 to be even close (well Chase would never lease it to you then anyway! ..Chase is the leasing bank behind all Subaru corporate/dealer leases)

    Go to another dealer, there are lots of subbies on the road, they have great residual, and yours will too.
    Pay no more than 270 month for that thing!
  • Yay for first post! And yay for thinking of getting a Subaru Forester for my first car!

    I'm looking to lease a 2.5X Limited - 10,000 miles, 36 month. I was quoted $2,617 C.O.D. and the monthly payments would come to $349. As I understood it, the $2,617 included all taxes and fees and would be the final out of pocket costs. I've played with the lease calculator here on Edmunds.com and can't seem to get the numbers to work out. The money factor quoted was .00110 and the residual was 54%. Cap cost was invoice price for the car - I believe it was around $26,000. I live in Long Island, NY. I was wondering if the quote looked good, or if there was any room for improvement. Any feedback would be greatly appreciated!

    Thanks!

    D
  • sub40sub40 Posts: 1
    I am looking to lease a 2012 Forester X Premium and the dealer gave me a quote of $326.51/month with $1500 down. The MSRP is $27,206 (has moon roof, nav, all weather package) but they are giving it to me for $24,566 because they want to get the 2012s off their lot to make room for the 2013s. It's a 15,000 mile/yr lease for 36 months. The resid % is 57% and the factor is 0.0013. They also have cap red $617, taxes/group of $807, and fees of $555 (not sure what they are but it's on the invoice).

    Does this seem like a good deal? I think it sounds decent but I want to make sure.

    36 month lease
    15,000 miles/yr
    $27,206 MSRP
    $24,566 negotiated price
    .0013 factor
    57% residual
    $1500 down
    $326/month
  • pdd1pdd1 Posts: 1
    hi; i'm looking to lease a 2012 2.5 x w/5 speed + alloy wheel package. 0 down 36 mos. @ 10k mi year. any idea what i should expect to pay?
  • pheat0npheat0n Posts: 6
    So if I have a trade in that I can probably get $2500 on. . Would it be crazy for me to think I can get a 2.5x Premium for around $250 lease per month?
  • rmervaurmervau Posts: 10
    You should be able to lease it for even less! With 2500 down and around 12,000 to 15000 miles per year. Some where in the range of 229 to 249 a month for 36 to 38 months. If the dealer doesn't go for it.. Walk! Go to the next Subbie dealer.
  • pheat0npheat0n Posts: 6
    Thank you for the reply. What do you think I would need to negotiate down to if I can get $2500 on my trade to keep it in the $250 range? I have decent credit. Hoping to get the 2.5x Premium with All Weather Package.

    Thanks for your help..
  • pheat0npheat0n Posts: 6
    edited August 2012
    Ok. So help me out. I'm going to try and lease a 2012 Forester. All I've done so far is e-mail the dealership for an "e-quote". This is for a 2012 2.5x Premium, Automatic, with the All Weather Package in Obsidian Black. They replied with an internet price of $23,204. They list the following as options: Dual exhaust tail pipe cover, rear bumper cover, body side molding kit, Auto-Dim mirror compass. They say the MSRP is $26,175. What price should I shoot for? I'm not sure how to figure what the invoice price is with all of those extras added on. Or should I ignore the options and shoot for the invoice price of $21,900 ?

    Also, for my trade. I have a 2000 106,000k miles SUV I'll be trading in. NADA says that it's values are, $2325 rough, $3000 average, $3,550 clean, and $5525 retail. It's not paid off, I think I owe about $1000 on it and would of course prefer them to do the work to get the thing paid off and stuff. I would call it an average trade in, it needs some work. Brakes, CV joints, U-joints, which makes it squeak a bit, and will probably be noticed during an appraisal. What do you think I should try to get out of it?

    Ideally I would like to use my trade as the money down to soften the monthly payment. I realize that you don't ever see that money back, but really, I don't want to pay over $250 per month. Is this possible, or am I just dreaming? Maybe I can get it even lower? $230?

    Thanks for reading.
  • rmervaurmervau Posts: 10
    1st off, you need to negotiate the price and get on the line (phone with them) and another dealer to get a couple of price quotes.

    the price they are quoting is pretty fair..... Always remember, NEGOTIATE THE PRICE OF THE CAR THEN TELL THEM YOU WILL LEASE IT.! If they try to get you a different deal for the same car...WALK! to the next Subaru dealer

    the "options" they are listing is the old gag of saying it comes with "tires and brakes and a steering wheel"..lol
    All the Suburaus come with dual exhausts! Tail pipe covers is a formality that they should not be using to get you to buy the car! It come out the factory with them! Sheesh!

    Now your Trade IN: You will be better off selling it yourself.. the dealer will not give much of anything for it then they will take it (what ever it is and sell it at 3 times what they paid you for it. they will hit you hard for the condition, and the work it needs mechanically.

    you can get this car for $250 to $260 a month of lower just by walking in!
    If they want to give $2000 for you just being there and breathing take it.. But only after negotiating the price.

    Option: Look at a 2.5 premium with power driver seat.. Same car less money!
  • Carman, can you tell me the September lease rates and residuals for both 12k and 15k lease? Thanks

    Also with the Crosstrek XV coming out, any info on lease rates and residuals on that model as another option?
  • Hi rcfishy. Chase's September buy rate lease money factor and residual value for a 36-month lease of a 2013 Forester X with 15,000 miles per year are .00090 and 57%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of the all-new Crosstrek XV 2.0i Limited are .00235 and 59%.

    The residual values for leases with only 12,000 miles per year would be 1% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • which_car2012which_car2012 Posts: 2
    edited October 2012
    Dear Car_Man: I keep reading your posts. Do you work for Chase Bank? How do you get the rates? :)

    I am looking to lease 2012 Forester X Premium. I got couple of dealers quoting me this:
    MF: .0012
    36 Months at 10K per year.
    Residual Value is 60% for 10K miles, and 59% for 12K miles.
    This is for NJ and PA in greater Philly area if this makes any difference. DO you have anything different in terms of info. Thank you.
  • which_car2012which_car2012 Posts: 2
    edited October 2012
    Folks,

    I just finished the lease deal on 2013 Forester X Premium.
    This is what was quoted to me by at least 6 dealers in NJ and PA for a 36 month lease
    The Money Factor is .00125.
    60% for 10K Miles
    59% for 12K Miles
    58% for 15 Miles
    I took the 12K option. They will try to sell you 39 month lease. My suggestion is not to get into it because the MFG warranty is good for only 36 months and you will be left hanging for 3 months without basic warranty should anything happen to the vehicle.
    Unfortunately, I had to pay the following fees:
    --Acquisition Fee: $595 (which I chose to pay separately and NOT include in the lease because there would have been interest on it).
    --Dealer Doc Fee( NJ is a bit higher than PA and it varies from dealer-dealer. Mine was $189 but I had the dealer to reduce $100 off it from the vehicle cost.
    --There is also a disposition fee at the end of the lease should I choose not to buy the vehicle - it is $300.
    Vehicle cost was $26,850. Got it $400 below invoice incl. the $100 offset against the dealer doc fee. I got the invoice prices from Edmunds, Nada, and ConsumerReports and they pretty much aligned with that of dealer's except about $50-$60 bucks. The dealer appreciated the fact that I did my homework, knew what the numbers would look like. No gimmicks, no BS, nothing. Plain, simple deal which was done in less than 45 minutes.
    I thought I will post this so others could find the applicable fees and MF, and res values all in one place at least for the month of Oct 2013. Good luck.
    PS: This link helped me understand the basics of lease, i.e. lease calc 101:
    http://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html
  • Hello, I am looking for a similar outback lease. Which dealer did you go to? If you do not mind sharing also how much is your monthly payment? Thanks!
  • Hi which_car2012. It's magic ;). I don't think that Subaru is leasing the 2012 Forester any longer. It does have a lease program on the 2013 model. Chase's October buy rate lease money factor and residual value for a 36-month lease of a 2012 Forester X Premium with 10,000 miles per year are .00130 and 60%. This is for a base Premium model. If you add certain options the money factor drops to .00120. So the numbers that you were quoted look good.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • rmervaurmervau Posts: 10
    You need to negotiate the deal with the dealer/salesperson/f&I person. Get a better factor.. Especially for a base model.

    you should be able to lease that car (2012 or 2013 either one) for around 235.)) per month with 15,000 miles per year and 42 months

    If they wont do that deal..walk!
  • jmr9jmr9 Posts: 15
    Could you please give me the numbers on a 2013 Forester 2.5X/Auto

    42 months
    10K miles

    ThanksÐ
  • rmervaurmervau Posts: 10
    same as before...:

    you should be able to lease that car (2012 or 2013 either one) for around 235.)) per month with 15,000 miles per year and 42 months

    If they wont do it..then walk to the next dealer!
This discussion has been closed.