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2013 and earlier-Subaru Legacy Lease Questions



  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi rubensmadder. Your credit score is certainly good enough to lease the Legacy that you are interested in, but I am not sure if the fact that you are not currently employed will make Subaru Finance hesitant to lease a vehicle to you. It very well might. You really need to sit down with the F&I person at a dealership to find out.

    If you are able to lease this car, you really need to find out what its full MSRP and selling price are before finalizing your deal. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. It is difficult to tell how good a deal you are getting on your Legacy without knowing what these numbers are.

    Once you have a selling price that you are comfortable with, make sure that the dealer that gives it to you uses Subaru Finance's buy rate lease money factor to calculate your monthly payment. Its current buy rate for a 36 month lease of a 2007 Legacy 2.5i SE Sedan is .00230.

    Prices Paid Forum
  • nantucatnantucat Posts: 1
    Does anyone know what the word is on Quirk Subaru in Braintree, MA? They have a 2 yr Legacy lease for $79/mo. Sounds too good to be true to me...

    Thanks for sharing experience.
    Annie on Nantucket
  • ateixeiraateixeira Posts: 72,587
    I'd hate to see what was due at signing, probably $10 grand.
  • rudi2rudi2 Posts: 17
    Hi Car man. I have a price for a 2008 legacy SE sedan 2.5i automatic of $20,000 plus tax and motor vehicle fees. If I were to lease it for 48 months, with 15,000 miles per year, what would my payments be?The car would be purchased in new Jersey. The MSRP for the vehicle is approx.$23,000.
  • ericmdericmd Posts: 3
    Car Man,

    Do you know what the July residual value and money factor are on a 2008 Legacy GT and Legacy GT spec.b. I was recently quoted 56% and .0026 (GT) and 50% and .0026 (spec.b). These were for 36 months and 10,000 miles a year. Do these sound right?
  • fuzzynipsfuzzynips Posts: 37
    Today, I was quoted the following for a 2008 Legacy GT:

    MF: .00185 (4.44%)
    RESIDUAL: 49%

    This is for 36 months / 15,000 miles
  • ericmdericmd Posts: 3
    What dealer/area did you get the quote from? The best money factor I have been quoted is .0026. I figured the dealers were inflating this number. I can't find the Subaru Motors Finance money factor anywhere online.
  • fuzzynipsfuzzynips Posts: 37
    Chicago land area. It's weird, I have gotten quotes from two dealerships and these are what I have been given for an identical vehicle and the same lease terms (36 months / 15,000 miles annually).

    Dealer #1:
    Residual: 49%
    Money Factor: .00185

    Dealer #2:
    Residual: 54%
    Money Factor: .00310

    As you can see, there is quite a big difference in both numbers. I am planning on test driving the vehicle tomorrow at a different dealership and seeing what they can do. If they won't match the numbers then I'm off to Dealer #1 to make the purchase/lease.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi rudi2. Let's work up a lease payment on this car and see what we come up with. According to my calculations, if you were to lease a 2008 Subaru Legacy 2.5i Sedan that has an MSRP of $23,000 and a selling price of $20,000 through Subaru Finance right now for 48 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $222.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hello everyone!

    First let me say what a great resource this board and site are! I'm looking to lease my first car and this site has been invaluable in teaching me the benefits of leasing a Legacy.

    I'm currently looking at a:
    2008 Subaru Legacy GT
    -Auto Trans
    -XM Radio
    -Armrest extenders
    -Splash Guards, etc (Only thing the dealership has so I'll deal with it)

    I was quoted a "sticker price" of ~$31k from Doug Smith Subaru in American Fork, UT from Dempfey Bowling.

    For a 36month/15k lease the numbers were:
    Residual: 54%
    Money Factor: .00260

    For a 36month/12k lease:
    Residual: 55%
    Money Factor: .00260

    We've got about 10k to throw down, but ideally we want to throw down 4k at signing and then try to keep the monthly payments including tax below $400 (allowing our first 15 months to be "paid for" with the remaining 6k, while building up for the remaining 21 months)

    Is this a good deal? I don't really have my heart set on this car, really I'd be happy with a 2.5i Limited Edition as the major factors in getting a car are that it have: AWD, Leather, and be Automatic Transmission. For me a lease is ideal just because I live in Hawaii but will be attending school on the mainland for at least the next 3 years, but I have no idea if Ill be returning to the island or sticking on the mainland (and shipping a car here is a pain!)

    Thanks for your time!
  • Aloha scoobysubi. I'm glad that you enjoy these discussions so much. I see that you are considering making a very large down payment on your lease. I always advise consumers not to make any sort of capitalized cost reduction on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered.

    In your post you mentioned that this car has a sticker price of around $31,000, but you never mentioned its selling price. Remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash or financing. Make sure that you are being given a discount on this car. You should stop by the "Subaru Legacy Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar vehicles lately.

    Subaru's September buy rate lease money factor and residual value for a 36 month lease of a 2008 Legacy GT Sedan Limited with 12,000 miles per year are .00240 and 54%, respectively.

    Let me know if you have any other questions.

    Prices Paid: Buying & Leasing Experiences Forum
  • can you tell me the money factor and resid% on a 36 and 39 month lease, 15K/year, for Sept.

  • Hello,

    Can anyone tell me the current (Sept) Money Factor and residual on a 2008 Legacy 2.5i Special Edition (auto) 24 Months, 12k miles?

    Central New York area...

    Thanks in Advance!!
    Great Forum!
  • disney2disney2 Posts: 25
    looking for the money factor and residual on 2008 Legacy 2.5i limited for Oct in New Jersey. Thanks.
  • disney2disney2 Posts: 25
    legacy 2.5i limited. msrp 25240. price 22300. 36 mo. 10 k miles. 350/mo tax included. pay 1140 (1st mo, mv, doc fee, destination?) to drive off. New Jersey Thanks.
  • disney2disney2 Posts: 25
    Legacy 2.5i limited another offer: msrp 24940, price 23075
    24 mon lease 10k miles, 339.5 with tax in payment. Total out of pocket 1189 includes first month, mv, doc fee, etc? New Jersey

    Am I the only one checking this forum or is nobody else buying this car?

  • I just got a 2008 Legacy 2.5i LTD with VDC for $268.80/month. 24 months, 10k per year. Total out of pocket of approx $1,500 (1st month payment, tax, title and bank fee). Did I get a good deal?
  • disney2disney2 Posts: 25
    newsuvbuyer--where are you located? Can you please tell me the msrp and the selling price? Your price is sooo much lower than mine! Thanks
  • Westchester county NY. Dealer was in Rockland County NY. The msrp was $25281 and selling price was $23,375. Cap cost was the $1,000 rebate currently being offered. Residual was 72% and money factor was .00234.
  • Hi backcourt. Subaru Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Subaru Legacy 3.0 Limited with 15,000 miles per year are .00240 and 53%, respectively. The numbers for an otherwise identical 39 month lease are .00245 and 51%. When negotiating your lease on this vehicle, make sure to take the $750 cash incentive that is available on it into account.

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