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2013 and earlier-Subaru Outback Lease Questions
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Unfortunately, the fact that you are under your mileage allowance probably will not enable you to have your vehicle's dispo fee waived if you decide not to lease another Subie.
Car_man
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Now let's look at the selling price that you were quoted. The Outback that you are interested in probably has a spread of around $2,000 between its full MSRP and its dealer invoice price. Add to that the $2,000 cash incentive that is currently available on it and you have around $4,000 to play with during your negotiations. The $5,000 discount that you were quoted looks like an excellent deal to me.
If you like the vehicle, I personally don't see any reason not to pull the trigger on this deal.
Car_man
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Car_man
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Let's work up a payment for you. According to my calculations, if you were to lease a 2009 Outback Limited with Navigation that has an MSRP of $31,613 and a selling price of $26,300 right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $352.
Car_man
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Thank you so much for your response. Your advice is golden. My question is regarding customer cash rebates vs. dealer cash. I caught the dealer in a lie trying to tell me there were no customer cash rebates. He then apologized and said that he thought it was dealer cash which would have benefitted more since it is not taxed. Is this true? Thank you!
MSRP: $29,412
Invoice: $27,401
Sale Price: $24,901(including $2000 cash incentive)
Total Cap Cost (including doc fee, title, license, and bank lease fee): $26,073
Residual: 55%
Money Factor: .00150
Monthly Lease: $338 ($362 with tax)
Only 1st month's lease payment up front ($362) for drive away.
I'm looking to lease something for 3 years/45k miles (15k/year). If you could share the April 2009 buy-rate residual and money factor for:
2009 Outback (9DH) Limited w/ Nav
2009 Outback Turbo (9DK) Limited w/ Nav
2009 Forester (9FJ) Limited w/ Nav
2009 Forester Turbo (9FO) Limited w/ Nav
Also curious: I had a 2004 WRX, was a 3 yr/45k balloon, and I turned it in 2007. I don't suppose I qualify for owner loyalty?
Thanks, and keep up the good work!
Car_man
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Car_man
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Subaru's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Outback Limited with Navigation and 15,000 miles per year are .00200 and 52%, respectively.
The numbers for an otherwise identical lease of an '09 Outback XT Limited with Navigation are .00210 and 50%.
The numbers for an otherwise identical lease of an '09 Forester Limited with Navigation are .00120 and 53%.
Lastly, the numbers for the ;09 Forester Turbo Limited with Navigation are .00120 and 54%.
When negotiating your lease on the Outback, make sure to take advantage of the $2,000 cash incentive that is currently available on it. Subaru is not providing any cash on the 2009 Forester right now. It doesn't need to, Forester sales have been on fire lately.
I doubt that the fact that you leased a Subaru in 2007 makes you eligible for any available loyalty incentives.
Car_man
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Details:
MSRP: 27,754
Sale price: 19,600 ( 19,000 + 600 bank aq. fee)
Residual : 14820(54%)
Disposition fee: $300
15 cents over 15Kmi/yr
Subaru Motors Finance ( Chase)
Drive off : registration (CA)+$45doc+$8 tire fee?+ $4tax)= $270
I was kinda amazed I got this deal so I wanted to post it. The one thing that was very weird was when they pulled my FICO it came up below 700 using Experian Auto Fico II so the money factor was .002 not .00175
Carman, any idea how I was able to get such a huge discount? ( 27,754-19,000=8,754) I don't even see these cars advertised in So. Cal for less than 21,700. It is kinda bugging me that don't know how they got to such a low price. I though maybe it was an open ended lease but the paper work is standard SMF. There is a disposition fee of $300 at lease end to turn in the car and
I am in Northern CA.
1. An Outback Special Edition doesn't MSRP for $27,754. It would literally have to have every accessory known to Subaru and still would be $1,500 short of that price.
2. Your residual of $14,820 is 53.39%, not 54% but either way the actual residual value of an SE 36 month, 15K per year is 53.0%.
3. How did you get out of paying your first monthly payment? Normally you have to put down at least $500 in order to do that.
4. Using the numbers you posted your payment would be around $221 not $201.
What dealer did you go through? Salesman?
So let me address your points chuck:
>>1. An Outback Special Edition doesn't MSRP for $27,754. It would literally have >>to have every accessory known to Subaru and still would be $1,500 short of >>that price.
That is what I thought too but things must have changed since Jan. The Maroni sticker on my car showed an MSRP of $26,138 but he calculated the lease on the computer at $27,754. The car has a listed package at $3 grand or so but then gives a discount1,600. I don't have the sticker in front of me so I am approximating but my guess is he added the discount onto the $26,138. Again there is a $16 deficit there which I can resolve. When I get the sticker from the car tomorrow I can give you the exact numbers.
Weird too that when I go to subaru.com I can't price out the model I have correctly.
Look at this ad that shows the Outback 2.5i SE priced at $27,754
http://ads.ocregister.com/interactive-ads/ocr/images/pdf/0009079660-01.pdf
>>2. Your residual of $14,820 is 53.39%, not 54% but either way the actual >>residual value of an SE 36 month, 15K per year is 53.0%.
The residual on the lease contract is exactly $14,820. I can show that to you
>>3. How did you get out of paying your first monthly payment? Normally you >>have to put down at least $500 in order to do that.
It was a sign and drive lease. My payment would have been $191 with 0 out of pocket but with the FICO drop it went to 201 and I paid registration plus the fees
>>4. Using the numbers you posted your payment would be around $221 not >>$201.
Here are the numbers that show on the lease:
19600-1482=4780 4780/36= 133 dep/mo
(1482+19600)*.002=68 rent/mo
133+68=201/mo + CA tax
So yes, if you include tax the payment is $220/mon
The interesting thing about the SE package is that it includes heated seats and a Harmon Kardon stereo but the climate control is analog with AC. Stereo is nice and has CD. Alloy wheels and 17" 225/55 tires are included. No leather, no dual zone climate control. Has the extended arm rest and Homelink thing on the rear view with a digital compass.
The car was brand new with 40 miles on. The model number on the Maroni was listed as 9DD
I finally had a chance to look at the Maroni sticker and the MSRP was 26,183. The listed options are auto trans (1,000) Special edition package (3,350) and then a discount on the Special Edition pacage (-1750). My guess is he added that discount back to the $26,183 to get an MSRP of $27,933 . That makes more sense now because as chuck mentioned the residual is %53 for 36mo at 15K miles (27,933*.53=1480).
If you pm me I will tell you exactly who I went to.
What did you mean by.....
"I finally had a chance to look at the Maroni sticker"
What's a Maroni?
I looked at Subaru website and there are two dealers in San Jose. I sent emails to both of them a minute ago. We'll see.
Let me know if you find a Forum that has PM and I will post it there. The only thing I can think of is posting the info on slickdeals as I think they have a PM system
Let me know.
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You guys must be over 50. We youngsters simply refer to it as a window sticker. I've never heard of a Monroney until now.
johnuser17: Got a quote from Capitol Subaru in San Jose, $235 a month plus tax. Still not close to your $220. It'd be over $256 with tax.
Would be happy to meet you and show you the paperwork at any dealer( Honda, Toyota, Subaru , etc) along Stevens Creek or Capital Expressway anytime after 8pm or in SOMA( south of market, SF) at lunch time. You pick a public place and I will meet you. I will be the guy holding a white Subaru envelope
The reason for my post was to hopefully point out to everyone on this site that these deals do happen. No dealer is going to advertise that price nor will they email you that quote. My guess is that they needed to get rid of these 2 cars( I got one of them) that had been sitting on the lot and did so at somewhere around their cost.
This deal was real. I will prove it to you but I am not going to post my contract on the web nor am I going to post the sales guy name on this forum per the rules of the forum, "Please do not post names of salespeople"
Stoopy if you are in the market to get an Outback take me up on this. Otherwise if you are just browsing that is cool too.
Would you be able to provide me with leasing price information on the Subaru Outback 2009 premium all-weather pkg. for the NY metropolitan area (more specifically, Long Island)? This is what I need guidance on:
Adj. cap cost____
Destination fee____
Residual ________
MF_____
Many thanks.
Subaru's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Outback 2.5i with 15,000 miles per year are .00135 and 51%, respectively. You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.
Car_man
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If possible, can you provide the latest MF and Residual percentages for both a 2009 Outback 2.5i SE and 2.5i Limited - looking at a term of 36months with 12K miles/year. Thanks!
I am looking into doing a 15k mile, 36 months lease for Outback 3.0R (9DU) with no additional option. Sticker is 32k and I would like to get it for 30k. What kind of monthly payment should I expect? What would be the money factor and the residual for this trim?
Thank you!
Subaru's May buy rate lease money factor and residual value for a 36 month lease of a 2009 Outback 2.5i with 12,000 miles per year are .00135 and 51%, respectively.
The numbers for an otherwise identical lease of a 2009 Outback 2.5i Limited without navigation are .00095 and 52%, respectively.
When negotiating your lease on this model, make sure to take advantage off the $2,000 cash incentive that is available on it.
Car_man
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Keep in mind that Subaru's May lease program is scheduled to run through today, June 1st. If you want to know the specifics of the new June program please feel free to check back with me in a couple of days.
Subaru's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Outback 3.0R without navigation with 15,000 miles per year are .00175 and 52%, respectively.
Car_man
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MSRP: 33,558
Sales Price: 27,500
Residual: 49%
MF: .00175
Term: 36Months
Mileage: 12K/yr
MOnthly pymt: 437 with 7% sales tax
I need to pay fees totaling about $1k (bank fee, docs, tags, etc)
Is this a good deal in NJ???
Thanks :confuse:
Haven't seen you post here in awhile, can you post the current July 09 m/f and residual for an '09 Outback 2.5 SE auto for a 10K 36 month lease.
I don't have my notes with me however I think most of the numbers are accurate
MSRP $25570
Sale Price $22070 (includes $2k rebate)
tax/title/reg all rolled in
sec dep waived
first payment made by subaru
.0015 mf (going from memory)
51% residual
$309 / mo w/zero down
I just started shopping, this is the first price I've gotten, I think they are close but can still do better.....Your info will help, Thanks
Here's what I got today, I think it's about as good as I'll get but still waiting for you to confirm their info
30K/36 month lease
2009 Outback 2.5i SE
$25,896 MSRP
$21,800 selling price which includes $2k rebate
6% tax, title, reg all rolled in, no acquisition fee or sec dep
.0010 mf
51% residual
$0 drive off, Subaru pays 1st payment
$301 / month
Is their money factor and residual correct?
Thanks
Stephen
When negotiating your lease on this car, make sure to take the $1,500 cash incentive that is currently available on it into account.
Car_man
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Car_man
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I don't think that Subaru has a 2010 Outback XT or 3.0, just a 3.6. The numbers for a 36 month lease of a base '10 Outback 3.6 are .00220 and 56%, respectively.
Car_man
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Even if auction price is lower, the dealer isn't going to do all that work for free. I bet a fair price for buying it used it well above the $15k you have the opportunity to pay.
I checked Manheim.com (this is a dealer auction site). There were only 6 or 7 transactions for 2006 XT limited's...
The break it down by condition of the car: Above, Average and below.
Above: $14,840
Average: $13,200
Below: $11,560
These numbers are based on actual auction transactions...
Hope this helps
Thoughts anyone?
Also, anyone else out there getting pricing on these, what are you seeing? I'm at about invoice minus the cash back About $5300 off sticker. I think the price could be better but how much. I'm not squabbling to much because this car was very hard to find and they are going to drive to me (about a 5 hr drive).
Thanks
Factoring in the fact that it's her car, so noone else has used it before and she knows the history, it should be considered Above average condition easily. Unless there's something I don't know...
Any how, if it fetches nearly $15k at Manheim, no dealer will sell you one in good condition for that amount. They recondition them and tack on a profit, so I'd expect a sales prices about $3000 higher than that, maybe $2.
It's not worth haggling over $100 only to lose a deal where you're getting a $5 grand discount.
If you want a deal, get a 2009 Forester or Outback.
Car_man
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