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2013 and earlier-Subaru Legacy Lease Questions

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  • You're welcome :)

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • 6t5gto6t5gto Posts: 1
    Hello Car man,

    I would appreciate it you can tell me the MF and residual for a 2013 Legacy 3.6R Limited. It would be a 15,000 mile/year, 36 month term. I am in 11803. Thank you.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello 6t5gto. Chase's March buy rate lease money factor and residual value for a 36-month lease of a 2013 Legacy 3.6R Limited with 15,000 miles per year are .00065 and 55% for consumers who qualify for its top credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • I leased a new 2013 Subaru Legacy 2.5i Limited with Eyesight/navigation. The monthly payments are $330 for 42 months. I was told I would be allowed 52,000 miles when I turn it in, which was 12,000 miles a year for 42 months. When I got the paper work and looked it over, it said 52,500 miles allowed and $330.58 a month payment, so I signed it. Well, fast forward two weeks and I get a call from the dealership saying I was only supposed to get 12,000 miles a year for a total of 42,000 miles, not 52,500, which is 15,000 miles a year. Sure enough, I checked my paper work and it says I'm allowed 52,500 or 15,000 miles a year. I was more concerned with getting 52,000 a year and not doing the math so I didn't notice the 12,000 a year only added up to 42,000. I feel like the dealership made the math mistake and not me and should eat the cost on this. I thought I would check on here before I call them back.

    Here are my numbers:

    42 months
    52,500 miles at end of lease or 15,000 per year
    330.58/month
    1,217 capitalized cost reduction

    $2,000 total due at signing

    Agreed price 27,986.56 Gross capitalized cost 29,736.63
    Residual value 16,135.38
    rent charge 1,500.11

    Do these numbers add up? Am I required to change my contract and keep this car at lesser miles? Any help would be appreciated.

    Thanks!
  • sdg2013sdg2013 Posts: 3
    Has anyone utilized the Subaru college graduate program on a lease? Did it save you any money and is it easy to qualify?
  • ajf5150ajf5150 Posts: 1
    I have been looking to lease the 2013 Subaru Legacy 3.6R Limited. I recently test drove the exact model I have been looking for and it has almost all of the options - moonroof, navigation, and eye sight system. The MSRP of the car is $34,448 with the options and accessories I want. The dealer quoted me a monthly price of $494/month for 36 months with 15,000 miles per year with $1500 down at signing. This sounds incredibly high to me. I did not have them run my credit application because I am still shopping but I have always qualified for tier 1 financing with other primary car financing programs in the past. Can anyone shed any light on this. I know that it isn't as easy to deconstruct the structure of the deal because they didn't share the Cap Cost, projected residual or money factor figures with me - I actually didn't ask once they came back with such a high price. I appreciate any help from the more experienced leasing and financing folks on this forum. Thank you so much.
  • That seems high to me as well. Go to the Acura dealer and get a quote for a TL SH-AWD Tech. I bet you it's cheaper and $0 down. I never put a dime down on my leases, you don't get the money back if the car is totaled.
  • meyerovbmeyerovb Posts: 4
    edited May 2013
    Car man, could you let me know the may residual and money factor for a 36month/10k lease on a legacy 2.5i cvt pzev no options? Thanks!!!
  • meyerovbmeyerovb Posts: 4
    Actually car man, could you make that for a legacy 2.5i premium pzev w/ all weather, no moonroof
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Sure meyerovb. Chase's May buy rate lease money factor and residual value for a 36-month lease of a 2013 Legacy 2.5i Limited CVT with 10,000 miles per year are .00040 and 56% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Ah ha. Too late, but here it is, meyerovb.

    Chase's May buy rate lease money factor and residual value for a 36-month lease of a 2013 Legacy 2.5i Premium CVT with all weather and 10,000 miles per year are .00025 and 58% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • reggotgamereggotgame Posts: 2
    edited June 2013
    Carman,

    I was offered a deal of $245/36/12k with $2045 due for a 2013 Legacy 2.5i Sport. This does not include taxes,tags,fees. Kind of looks like the national program to me. Sound like a good deal?
  • reggotgamereggotgame Posts: 2
    edited June 2013
    Carman,

    Got the following deal just wondering if there is anymore room.

    Legacy 2.5i Sport

    MSRP 26,120
    Selling Price 23,330
    Residual 56%
    Money Factor .00055
    Term 36/15k
    DMV 237.50
    Doc Fee 249.00
    Out of Pocket 793.43
    Payment 299.43

    Just wondering if I can squeeze any more out of this deal. Any incentive that might help? Also, are the residual and money factor correct? Let me know. Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi reggotgame. Do you know the MSRP and selling price of this car? They would be a big help in evaluating your deal. If this is the nationally advertised lease then you should be able to beat it by shopping around.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi again reggotgame. I see that you already posted more details. Yes, this does indeed look like a good deal for this model.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • vt6vt6 Posts: 5
    I just leased a 2013 Sport.

    MSRP 26,300
    Selling price 22, 800
    Terms 36/15k
    Money factor .00055
    Residual 55%
    Doc fee 200
    Monthly 355 a month (but it includes the -$2800 in negative equity from my trade)
    Out of pocket $355 (first month payment)

    When you account for the negative equity from my trade , the true cost of my lease is something like $280 / month, which I think is fantastic and is probably as low as it can get.

    Oh, since my trade was pretty much equal in value to the new Legacy, my sales tax was zero. In maryland you get sales tax credit for trade in. That saved me over a thousand bucks.
  • tkman00tkman00 Posts: 5
    Hi Car_man,

    Could you give me the current residual/mf on a 2013 3.6R w/ moonroof and nav for 36months/10K miles?

    Thanks.
This discussion has been closed.