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2013 and earlier-Subaru Legacy Lease Questions

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  • perfectrainbowperfectrainbow Posts: 2
    edited September 2010
    Car Man,
    so what do you think of the deal I got.

    Subaru legacy 2011 graphite gray base automatic no additions.
    36 month lease through chase. excellent credit (750)
    $450 at inception.
    12 K miles.
    $264 for remaining 35 months (post tax) approx $244 pre tax (our tax rate in Cuyahogo county Ohio is 7.75%)

    Im figuring a money factor of .002 approx and residual value of 63% but my numbers could be off.

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited October 2010
    Congratulations on getting your new Legacy, perfectrainbow.

    At first glance, your payment certainly looks attractive, that's a heck of a car for only $244 per month. It would be much easier for me to provide you with a detailed analysis of this deal if you provided us with this car's MSRP and selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without these numbers, it is much more difficult to tell how large a dealer discount you were given. Let us know what they are and I'm sure that either myself or another knowledgeable community member will tell you what they think.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Car_Man,
    Can you please calculate the lease in this 2 options? Are the selling prices good?
    What are the number for factor and residual for this month? Thanks in advance.

    2011 Legacy Premium + AWP/HK/Media Hub/Homelink/Splash Guards
    MSRP 25,284
    Selling Price 23,014
    10K/year - 36 months
    No money down - Credit score around 750
    7.72% Tax

    2011 Legacy Limited + Popular2B and Popular 3B
    MSRP 27,367
    Selling Price 25,048
    10K/year - 36 months
    No money down - Credit score around 750
    7.72% Tax
  • Dealer would not provide any of the typical info of money factor and or residul. But quoted a 12K miles per year as $580 wich is more per month that i was quoted for a G37X AWD. Seems nuts to me. What is the standard Money factor and residual for a 2011 3.6R with Nav?
  • I don't have the numbers you're looking for, but you are correct when you say, "Seems nuts to me". I think they might by quoting you a full pop lease.
    Another thing is that if they would not provide any of the "typical" info, something is not right.
    Sale price of vehicle, Money Factor and residual value figures are not optional information.
    Any reputable dealer should be able to give you that info.
  • If Possible, Trying to find out if this is a good deal...and what the lease payment should be??? Please :)

    2011 Legacy Limited (moonroof, and some other small options)
    msrp 27742
    selling price 26200
    12k miles
    Great credit (790)
    Residual 16367
    9.5 tax.

    Thanks!
  • raduderadude Posts: 50
    That dealer is definitely trying to take you for a ride.

    In September I leased a 2011 Legacy 3.6R Limited (with some add-ons but no NAV) for $390 a month, 42 month, 10K a year. That was with 0 down (sign and drive). The MSRP was $30,000.

    You may want to try other dealers in your area.
  • Does anyone know the Money Factor and Residual Percentage values for November for the 2011 Subaru Legacy Premium?

    I was quoted an offer of $23,300 MSRP Sale Price (company discount) for a 36 months, 12k miles, 0 money down, $296 lease payment. It was with the All Weather Package. Trying to find out if the deal is good and where I can negotiate.

    Thanks for any feedback. I know i can negotiate on the sale price from their quoted MSRP discount, but want to to know the other numbers to look for. Thanks again.
  • altimatealtimate Posts: 62
    edited November 2010
    Car-man, Thanks for your lease quote. As I had mentioned sometime back the residual on my 09 Legacy was too high to buy off lease even though I loved the car.

    None the less I called Chase and was pleasantly surprised that they quickly moved off the residual and in fact agreed to reduce the purchase price by 3K. They then offered 4% financing as well and no bother with a credit check either.

    What seemed like no deal has turned into a great deal and I am now the happy owner of my 09 Legacy. The moral of the story is it's always worth an effort to negotiate.

    Keep up the good work.
  • @altimate,
    I tried to do this with my 4 '09 legacys that I leased through Chase, but they wouldn't budge on the buyout price, so I just turned them in. I actually have a bad experience with chase on 2 of the legacys because they said I did all of this damage and wanted to charge me >$2k ontop of the $1k wear and tear. I ended up having to write subaru and chase a letter, and they eventually dropped all the charges. Chase really gave me the run around and threatened to ruin my credit if I didn't pay. Anyways, I turned in all 4 since they didn't want to negotiate the buyout. They even admitted once on the phone they got crushed on the residual values, as if that is my problem. I think I remember it was upwards of 80%, someone must have not calculated these right when they did the offer. Whoopsidaises. This was the best deal of the decade IMHO.

    So I am a glutton for punishment and I am looking to lease another legacy through Chase. Still trying to decide between the 3.6R limited and the 2.5GT limited. I am not crazy about cheap feeling WRX, so I think the 2.5GT is the best equivalent.
  • sk:

    Sorry to hear you weren't able to deal on your 09's. I wonder if the time you turned them in was a factor. I made my deal in late September. Maybe by then they were
    tired of taking a bath on residuals.

    A friend just bought a 11' 3.6R and he loves it. Says it's very fast and has great features.
  • Hi netdoc1. $580 per month is way too much money to pay for a Legacy. The Legacy is nice, but one can lease some amazing vehicles for nearly $600 per month. Subaru's November buy rate lease money factor and residual value for a 36 month lease of a 2011 Legacy 3.6R with 12,000 miles per year are .00150 and 63%, respectively.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi cutter22ou. According to the latest information that I have seen, Subaru's November buy rate lease money factor and residual value for a 36 month lease of a 2011 Legacy 2.5i Sedan Premium with 15,000 miles per year are 0.00125 and 63%, respectively.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Was told by the dealer that on a 2011 3.6R, they are using a 0015 money factor and Residual is 20009.00. I am coming out of a 2008 legacy lease, so loyalty will play into my fees, but $337/month for 36 months, 12K miles or $365 with the taxes rolled in. This a 3.6R with moon roof, but no nav.

    I still do not have the selling price of the vehicle though. Anyone figure that out here??

    Carman, as always.....thanks!
  • rakapurrakapur Posts: 3
    edited December 2010
    im looking at the Legacy 3.6R Limited 36 month 12,000 miles what is the residual and money factor for this month? also are is the remote start, shock sensor, fog lights residualized? i am looking to lease MAYBE this week.
    im looking to have payments under $400 a month with no money down, i do have excellent credit and will have a cosigner with excellent credit
  • test drove today worked on the numbers, 3.6 Legacy Limited 10k miles is 62% 12k is 61% 15k is 60% money factor is .00150

    if all works out i will take delivery on Friday $382 a month (36 months) all taxes and other bs rolled in:
    2011 Subaru Legacy 3.6R Limited w/ Fog Lights, Splash Guards, Wheel Locks, All Weather Floor Mats, Remote Start, Shock Sensor
  • Can I get the money factor and residual for a 2011 Legacy Premium CVT?
  • renaizancerenaizance Posts: 2
    edited December 2010
    can anyone tell me if i am getting a good deal on a 2011 3.6r legacy limited with navigation - 15k lease - 56% residual - .00135 money factor

    2,250 trade in - 500 down -
    358 per month?

    additionally - i had a deal for a legacy 2.5i limited with nav but the dealership was saying that it would take 4-8 weeks for it to come in - am i getting taken on that idea?

    thanks in advance
  • Hi rakapur. Subaru's December buy rate lease money factor and residual value for a 36 month lease of a 2011 Legacy 3.6R Limited with 12,000 miles per year are .00155 and 62%, respectively.

    That's a very good question about whether these options can be residualized. Are these OEM options? If so, then they probably can be.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi hellagrant. According to the latest information that I have seen, Subaru's December buy rate lease money factor and residual value for a 36 month lease of a 2011 Legacy Premium CVT with 15,000 miles per year are .00095 and 63%, respectively.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
This discussion has been closed.