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Comments
-juice
Thoughts and comments would be appreciated.
Oh. The dealer of the used Legacy has offered to throw in sealant, undercoating, etc. at no charge. I am not particularly interested in these, but would also be interested in hearing other folks' experience. I want to make sure that the undercoating and the paint sealant would not be detrimental in any way. Again, thanks.
w/ XM, Homelink, splash guards, wheel locks, all weather mats $26,643 (incl doc fee, tags)+tax
Traded '04 Forester XT, Guaranteed Trade Program ($15,800 - .20/mile over 45k, car had 53k on it)
Bought it end of December, purchased in Pennsylvania
Also, they don't take Subaru Bucks on used cars, if that matters.
If you're paying cash and have no Subaru Bucks, get the used one. It's not even broken in yet.
-juice
-juice
-juice
-juice
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-juice
James
2.5i Limited Sedan
The Price I Received $24,065
Residual Value 68%
Money Factor - Dealer told me 5% and change
24 Months
Sales Tax 7%
12,000 miles
Lease Price with tax $337.15
No money down, but they want me to pay $695 plus registration fee.
The dealer told me that it would cost more for me to lease at 36 months because of the program.
Picked up the car last night and lease paperwork does not reflect the price the dealer quoted me, instead the MSRP and I can't get to the discounted price. The dealer said I was given the discount.
Did I get taken advantage of?
I'm basing this on a 68% residual calculated from an MSRP of $24,720. If this is not the correct MSRP/residual we'd need to recalculate!
So, based on these figures you did well. But there may be something I/we are overlooking. (To $22,400 you'd add whatever part of any upfront money went to "cap cost reduction" to come up with the selling price.)
24mos, 12kmi/yr, Zero down, $357mo (after TTL/out the door). The quoted price was $20,157 (before TTL) with the residual at 15,438.81.
It seems to be pretty good, as one dealer (not the one I am currently pursuing) has refused to match it for the Wagon. This qoute was originally for the Sedan but the current dealer had mentioned earlier in the process that the Sedan and the Wagon had "exactly the same lease deals" so I am trying to hold them to it by asking for the Wagon at the quoted Sedan price. They seem to be back-peddling and now are putting up $390mo for the wagon. Any thoughts on how to proceed? Thanks in advance...
Thoughts? Seems pretty close to invoice as reported by Edmunds.
First impression - price is probably good. But... I don't know your state's taxes/fees, or whether that's an automatic or manual transmission SE, so it's hard for me to judge that final price. If that's an automatic, with those options invoice should be about $21,800. Doubt there's much of a factory-to-dealer incentive on the '08s, so I think $21.8k before TTL is a good target... anything lower is a very good deal.
Let us know how it turns out!
Is it auto? Maybe for the wife...
The SE's great for me... just be sure of what you're getting. My feeling: $17k would be a very good price for a 2-year-old Limited... just a decent price for an SE. My SE was $19k new. If it's an SE, there are lots of them out there, so I'd shop around for one at the same price that wasn't a rental.
Normally you probably wouldn't need the extended warranty, but being a rental, it had bare-bones maintenance done, may have been driven hard, and the engine may not have been "broken in" properly. It's probably fine, but I'd be a little more cautious. I purchased my Outback 3.0R the same way (formerly owned by Hertz, bought at a Texas auction by my dealer) and it's been great. A few cosmetic things... more scratches on the exterior than if I owned it, and it took about 6 months for the interior to smell completely normal (not slightly smokey or like a wet dog!), but it was worth it for me because the model's a bit hard to find and it drove extremely well.
If you get the extended warranty, I'd advise getting the 100k mile warranty. Be sure it's a Subaru warranty. You can purchase it from any Subaru dealer, even at a later date, up until the point the standard manufacturer's warranty expires. What I'm doing with my Outback is waiting a couple years to see how it holds up after being a rental in its early life. If it has problems, it's covered under the standard warranty for now, so I don't have any unexpected repair costs. If I feel it'll give me problems after 3 years/36k miles, I'll either purchase the extended warranty a year from now, or just trade it in.
Sorry to talk your ear off!
Good luck & happy hunting!
Like juice said, it's probably worth it to go for the '08, if the extra $1000 is in your budget. If it's a close call for you, you may want to wait 'til July 1 to see if the rebate increases then on the '07s.
Similarly, several times I've looked for slightly used Subarus, and the resale is so high that I can get nearly as good of a deal on brand new ones, so I've gone brand new. Both of the prices you're offered are about as low as you can get, so you're getting a great deal whichever way you choose to go. :shades:
Other than the subtle exterior changes (grille, taillights, etc), and a few minor interior tweaks (new warm ivory cloth color, etc) the '08 has a couple things the '07 doesn't: tire pressure monitoring system, key and remote integrated into one piece, and telescoping steering wheel.
Should I hold my breath?
You could try negotiating your best deal with your dealer now, then ask if they'd "hold" the vehicle for you (with a deposit as "earnest money") 'til the August rebates come out... and clarify that you'd receive any increased rebate. Unless they're really close to meeting a month-end quota, it'd be no skin off their teeth to wait a couple days, since you'd be buying the vehicle either way. Worth a shot. *shrug*
If you keep it longer, the 2006 might be a better value. After 7-8 years or so, the difference in resale will be smaller.
Do you like the 08 styling better? Or worse? If you can find something you like more on the newer ones, spring for the extra amount. You get the full warranty and those extras.
$18k is a fair deal, but not great. Offer $17k on it, see what they do.
Keep in mind that from the '06 to the '08, Subaru added quite a few features: fold-down rear seats with an armrest (GREATLY expands the utility of the sedan!), auxiliary input for iPods or other portable players, MP3-reading capability to the CD player, pre-wiring for remote engine start and satellite radio, telescoping steering wheel, tire pressure monitoring system, integrated key and remote, plus the redesigned front & rear.
For all those goodies, plus the extra resale, two more years of bumper-to-bumper warranty and roadside assistance, and the opportunity to break in the engine myself, plus the feel (& smell!) of owning brand-new vs. nearly new, the '08 would be worth the extra cost to me.
p.s. I have an '06 SE sedan and it's a great car!.
http://www.cars101.com/subaru/legacy/legacy2007.html#price
And farther up that page, you can see the difference between an SE and a base model (scroll down after reading the standard equipment on the base model and you'll find what the SE trim adds):
http://www.cars101.com/subaru/legacy/legacy2007.html#2.5i
The base model is actually pretty rare. Subaru manufacturered very few, opting to push people toward the SE level. Many people consider the SE to be the base model, since Subaru built so few of the actual base 2.5i vehicles. If you're looking for a manual Legacy wagon at a low price, base is the model to go for if you can find it.
Spoiler? Really comes down to your personal preference. We don't have one on ours, but I think it looks fine on the car. (Personally, I'd prefer a spoiler if I had a turbo model, but no biggie either way to me.) As far as resale goes, I think you're just as likely to find folks who'll prefer a spoiler as folks who don't.
Forget all that, though, what matters is that because it's a PZEV the emissions warranty is MUCH longer, I think all that stuff is covered for 100k miles. I'm talking the cat and all the expensive emissions stuff.
That's worth getting a PZEV for all by itself.
We were pleased when we first achieved over the 30MPG hwy rating on our Legacy. We've noticed a small bump (1-2 MPG increase) as the engine has become "broken in" (15,000-19,000 miles), and this seems to be fairly common. If you drive in a gentle manner, I think it's possible to get good mileage. Of course, whenever we drive a bit more aggressively (say, stomping it on the freeway onramp), the MPG goes down.