2014 Subaru Legacy Lease Questions

Karen_SKaren_S Member Posts: 5,092
edited May 2015 in Subaru
For current leasing information, go to 2015 Subaru Legacy Lease Questions

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Comments

  • 1jsully1jsully Member Posts: 1
    edited December 2013
    Hello all,

    Would anyone have the latest residual and money factor for a 2014 Legacy premium 36 months 12000 miles lease?

    Thanks!
  • kyfdxkyfdx Moderator Posts: 207,910
    2014 Legacy 2.5i Premium 36mo, 12K/yr lease
    .00023 MF and 54% residual

    regards,
    kyfdx

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  • belvettebelvette Member Posts: 13

    Hi Car_man,

    Would you have the latest residual and money factor for a 2014 Legacy premium 36 months 15000 mile and 2014 Legacy Sport 36 month 15000 mile lease.

    Thanks!

  • kyfdxkyfdx Moderator Posts: 207,910

    @belvette said:
    Hi Car_man,

    Would you have the latest residual and money factor for a 2014 Legacy premium 36 months 15000 mile and 2014 Legacy Sport 36 month 15000 mile lease.

    Thanks!

    Premium: .00023 MF and 52% residual

    Sport: .00025 MF and 51% residual

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  • belvettebelvette Member Posts: 13

    thanks for the quick response!

  • belvettebelvette Member Posts: 13

    Kyfdx, would you know if February's lease program numbers have changed from January's for both the 2014 Legacy Premium & Legacy Sport for 36 month 15000 miles per?

  • kyfdxkyfdx Moderator Posts: 207,910

    New Subaru numbers don't come out until Tuesday.... Probably a few days after that before we get them.

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  • belvettebelvette Member Posts: 13

    Hi Kyfdx do you know yet if the Subaru lease programs changed for February

  • kyfdxkyfdx Moderator Posts: 207,910

    @belvette said:
    Hi Kyfdx do you know yet if the Subaru lease programs changed for February

    Same numbers as last month..

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  • jimvtjimvt Member Posts: 8

    What are latest residual and money factor for a 2014 Legacy premium 36 months 12000 miles lease?

    Thank you!

  • kyfdxkyfdx Moderator Posts: 207,910

    @jimvt said:
    What are latest residual and money factor for a 2014 Legacy premium 36 months 12000 miles lease?

    Thank you!

    I don't have those numbers, right now.. still trying to run them down.

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  • jimvtjimvt Member Posts: 8

    Sorry, I should have asked this yesterday. Do you have them for the 2014 Legacy Limited same time, same mileage.

    Thanks again.

  • MichaellMichaell ColoradoModerator Posts: 206,519

    @jimvt said:
    Sorry, I should have asked this yesterday. Do you have them for the 2014 Legacy Limited same time, same mileage.

    Thanks again.

    Legacy Premium - 54% and .00043

    Legacy Limited - 54% and .00047

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  • jimvtjimvt Member Posts: 8

    Thank you very much!
    Jim

  • kyfdxkyfdx Moderator Posts: 207,910

    @jimvt said:
    What are latest residual and money factor for a 2014 Legacy premium 36 months 12000 miles lease?

    Thank you!

    .00043 MF and 54% residual

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  • jimvtjimvt Member Posts: 8

    Hello again,

    My dealer is telling me they agree with the residual but that the MF is .00093. What? Has my credit rating gone down and I didn't notice, very hard to do now that Discover tells me every month and it just went up a few points.

    Thanks again,
    Jim

  • kyfdxkyfdx Moderator Posts: 207,910

    @jimvt said:
    Hello again,

    My dealer is telling me they agree with the residual but that the MF is .00093. What? Has my credit rating gone down and I didn't notice, very hard to do now that Discover tells me every month and it just went up a few points.

    Thanks again,
    Jim

    Subaru Finance allows dealers to mark-up the money factor for extra profit. The maximum mark-up: .00050. I'll allow you to draw your own conclusions. :p

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  • jimvtjimvt Member Posts: 8

    Oh wow! Is that something new? How about any other new tricks or maybe old ones I don't know about? I'm wondering because even with the increased MF I can't get the payment to match, mine is about $20 lower. Has the lease cost gone up? My previous ones have all been $595.

  • kyfdxkyfdx Moderator Posts: 207,910

    @jimvt said:
    Oh wow! Is that something new? How about any other new tricks or maybe old ones I don't know about? I'm wondering because even with the increased MF I can't get the payment to match, mine is about $20 lower. Has the lease cost gone up? My previous ones have all been $595.

    The acquisition fee is still $595. I don't think that mark-ups are new, but they were more prevalent with luxury makes, and now seem to be filtering down into the mass market arena.

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  • nyccarguynyccarguy Stamford, CTMember Posts: 15,362

    @‌kyfdx

    can you tell me the May lease MF & residual for 36 month/12K per year on a Legacy premium & limited?

    Thanks as always!

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Unlimited 4Xe

  • MichaellMichaell ColoradoModerator Posts: 206,519

    @nyccarguy said:
    @‌kyfdx

    can you tell me the May lease MF & residual for 36 month/12K per year on a Legacy premium & limited?

    Thanks as always!

    Premium: 53% and .00030

    Limited: 53% and .00035

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  • nyccarguynyccarguy Stamford, CTMember Posts: 15,362

    @[email protected]

    Thanks for getting back to me so instaneously:) I wasn't sure which one of you in particular are monitoring this board:)

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Unlimited 4Xe

  • nyccarguynyccarguy Stamford, CTMember Posts: 15,362

    @[email protected]

    I just worked out a pre tax lease payment on a Premium with an MSRP of $25,835 (Moonroof Pkg) assuming a selling price of $23,299 ($1K under invoice) of $240.07 ($255.31 including 6.35% Tax in CT). That seems reasonable to me.

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Unlimited 4Xe

  • MichaellMichaell ColoradoModerator Posts: 206,519

    @nyccarguy said:
    [email protected]

    Thanks for getting back to me so instaneously:) I wasn't sure which one of you in particular are monitoring this board:)

    We both monitor all the lease question discussions.

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  • MichaellMichaell ColoradoModerator Posts: 206,519

    @nyccarguy said:
    [email protected]

    I just worked out a pre tax lease payment on a Premium with an MSRP of $25,835 (Moonroof Pkg) assuming a selling price of $23,299 ($1K under invoice) of $240.07 ($255.31 including 6.35% Tax in CT). That seems reasonable to me.

    That's a lot of car for the payment.

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  • dicaniodicanio Member Posts: 12

    @nyccarguy said:
    [email protected]

    I just worked out a pre tax lease payment on a Premium with an MSRP of $25,835 (Moonroof Pkg) assuming a selling price of $23,299 ($1K under invoice) of $240.07 ($255.31 including 6.35% Tax in CT). That seems reasonable to me.

    How many months/miles? Below is the quote I got in CT for a Premium. Quite a few dollars difference.

    MSRP $24,585
    Selling price $22400
    $1500 down with 35 monthly payments of $280
    ZERO down 36 monthly payments of $325.

  • dicaniodicanio Member Posts: 12

    Forgot to add months and miles myself lol 36 months , 10k miles.

  • MichaellMichaell ColoradoModerator Posts: 206,519

    @dicanio said:

    How many months/miles? Below is the quote I got in CT for a Premium. Quite a few dollars difference.

    MSRP $24,585 Selling price $22400 $1500 down with 35 monthly payments of $280 ZERO down 36 monthly payments of $325.

    It's possible the dealer is marking up the money factor on you for extra profit.

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  • dicaniodicanio Member Posts: 12

    The money factor is 0.00043 which is low. Are you including a the doc fee, the acquisition fee and title reg? That all adds up to $1200. if you manage to get a lease at that price in CT, let me know which dealer because I could possibly save myself some money.

  • nyccarguynyccarguy Stamford, CTMember Posts: 15,362

    @dicanio‌

    I didn't mean to post that I MADE that deal, just put some numbers together using the current lease rates & money factors. Where in CT are you? Looks like you are getting the "base" money factor which is good. Now, what's the MSRP & selling price of the car you are looking at?

    How many dealers have you called? Have you tried neighboring states? NY has doc fees capped at $75, while we have to pay the dreaded "conveyance fee." Here in CT.

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Unlimited 4Xe

  • dicaniodicanio Member Posts: 12

    MSRP $24,585 Selling price $22400. I managed to get the selling price to $24,100 eventually, so it slightly reduced the payment. I'm in Milford, CT. With the 2015 Legacy possibly out in August, I think I could go for that. It looks pretty sweet and has a few extra features and the MSRP is only $200 more than the outgoing model.

    Does anyone know what kind of residual the 2015 will have in August? The 2014 is dipping down to 55/54% so I was hoping it would be more like 59%. Am I way off? Although I don't mind paying extra for the 2015 improvements.

  • nyccarguynyccarguy Stamford, CTMember Posts: 15,362

    @dicanio‌

    So with 10K per year, the residual is 55%?

    There is no way of knowing what the residual value of the new 2015 model will be in August when it is introduced. What you can be sure of is that even though the MSRP will only be $200 more, manufacturers traditionally DO NOT subsidize leases on brand new models. If you want to be the 1st kid on the block with a new toy, you're going to pay. They like to wait and see how well the new model sells (or doesn't sell) and is received by the press and the buying public before they start leasing/buying incentives.

    So on the new model, they might give you a $1500 discount off of sticker, but Subaru finance will use the same 55% residual and a money factor that equates to 4% - 5%. Your $280 ($0 Cap Cost Reduction, Registration, Plates, Conveyance Up Front) might become $350 real quick.

    Definitely shop other dealers. Make sure you shop all the dealers in Fairfield County, Milford, Perkins, Stamford... It doesn't hurt to call dealers in Westchester County, NY either (Westchester, Prestige, Smith Carnes). Use what you have as a starting point (selling price, base lease rates & residuals). Memorial day weekend is coming up and these places all want to sell cars.

    Good luck & keep us posted!

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Unlimited 4Xe

  • dicaniodicanio Member Posts: 12

    Thanks for your input nyccarguy. Will definitely keep you posted.

  • MichaellMichaell ColoradoModerator Posts: 206,519

    @dicanio said:
    Thanks for your input nyccarguy. Will definitely keep you posted.

    I've got nothing to add here .. nyc has covered the bases nicely. Good luck!

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  • nyccarguynyccarguy Stamford, CTMember Posts: 15,362

    @dicanio‌

    I've got a little more than a passing interest in the outcome of your lease. We're in the same market and looking for pretty much the same car. I have a lease expiring at the end of September (2011 BMW 328xi) and I'm definitely interested in leasing a Subaru for my wife's next vehicle. I'll be looking to pull the trigger around Labor Day, so a fire sale price on a leftover 2014 when the 2015s are on the lot looks tempting:)

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Unlimited 4Xe

  • roadcrazyroadcrazy Member Posts: 31

    Hope these figures help others shopping around. 2014 Premium. True sign and drive with 3/36 for $247.43 /month (not including MI sales tax). Here is some of the info from dealer's lease worksheet. Financial Inst JP Morgan Chase, Program Lease Loyalty, Selling Price 22,776.94, Doc Fee 200, Acquisition Fee 595, Gross Cap Cost 23,371.94, Total Rebates 1,925, Amt Applied Upfront 262.28, Total Cap Reduction 1,925, Net Cap Cost 21,446.94, MSRP 24,360, Residual .53, Residual Amount 12,910.80, Prepaid Cents/Mile .10, Rate/Money Factor .00030, Adv Payments 1, Upfront Charges 375.94, Initial Payment 2,563.22, Due on Delivery 375.94.

  • nyccarguynyccarguy Stamford, CTMember Posts: 15,362

    @roadcrazy‌

    Thanks so much for sharing. What was the MSRP on your car? What options did you get?

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Unlimited 4Xe

  • roadcrazyroadcrazy Member Posts: 31

    The MSRP on the dealer's lease worksheet is 24,360. The dealer didn't have any Premium models on his lot, only Limited. He traded with another local dealer. The MSRP on that vehicle is 24,579. Options are Auto-Dimming Mirror w/Compass, All Weather Floor Mats, Rear Bumper Applique and Cargo Tray. My wife picks up the car tomorrow.

  • nyccarguynyccarguy Stamford, CTMember Posts: 15,362

    Not much action on this board lately. Can you guys give me the 36 month/12K numbers on the 2014 & 2015 Legacy Sedan (Premium & Limited)? Thanks!

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Unlimited 4Xe

  • MichaellMichaell ColoradoModerator Posts: 206,519

    @nyccarguy said:
    Not much action on this board lately. Can you guys give me the 36 month/12K numbers on the 2014 & 2015 Legacy Sedan (Premium & Limited)? Thanks!

    2014 Premium - 53% and .00030

    2014 Limited - 53% and .00035

    2015 Premium - 63% and .00090

    2015 Limited - 61% and .00060

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  • jirishjirish Member Posts: 1

    Does Subaru do a 10k lease and if so what would the residual be on the 2015 Premium and Limited?

  • kyfdxkyfdx Moderator Posts: 207,910

    @jirish said:
    Does Subaru do a 10k lease and if so what would the residual be on the 2015 Premium and Limited?

    10K/yr residuals are 1% higher than 12K/yr residuals.

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  • nyccarguynyccarguy Stamford, CTMember Posts: 15,362

    I like that 63%/.00090 (2.16%) combination on the 2015 Premium. I'll check the car out one of these days.

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Unlimited 4Xe

  • jirishjirish Member Posts: 1

    Thank you very much for the info.

  • subbiefanaticsubbiefanatic Member Posts: 1

    @Michaell said:
    2015 Limited - 61% and .00060

    Thanks for sharing these numbers for the 2015 model Michael. I thought I was going crazy when the dealer said 63% for premium, which I thought was insanely high compared to the rest of the class like passat, accord, Mazda 6 etc.

    What's the reason for it being this high though? Is it because its a new 2015 model just launched this month? Should I wait till next month for residuals to drop? (do you even see a chance of that happening?)

    I know higher residuals mean lower monthly payments on lease, but I'm concerned because I will probably buy it at least end.

    Ive been shopping around with dealers and got the following numbers. I would love some feedback from you experts on the numbers and if it is a good deal or not?

    dealer 1: (please note the inflated money factor and insanely high residual)

    2015 Subaru Legacy 2.5i Premium
    MSRP - $24,738.00
    Our Price - $23,757.00

    36 Months with 12k Miles/ Year
    $317.41 Month with 577.85 Due at Signing
    Residual Amount - $15,584.94 (63%)
    Money Factor - .00140

    **Dealer 2: (money factor and residuals seem in line with what you stated)
    **
    2015 Subaru Legacy 2.5i Premium

    Agreed upon price: $23200

    36mo/12k
    254 plus tax = 269mo
    zero down
    504 due at signing
    Lease end value= 14,485.59

    I would love some feedback, especially on Dealer 2's pricing and if it is a good deal or not. His residuals seem in line with class leaders such as Honda Accord as far as $ residuals, but I don't know what dealer 1 was sipping.

    This is in Michigan btw, if that matters.

    Thanks for this great platform for us to discuss, and thanks in advance for everybody's input and guidance on how to negotiate more if it is at all possible being a new 2015 model.

  • nyccarguynyccarguy Stamford, CTMember Posts: 15,362

    @‌subbiefanatic

    Sometimes manufacturers' financing arms put different residuals on different models of the same car. In this case, the Premium has a higher residual than the Limited. Higher residuals do mean a lower lease payment. Dealer #1 is obviously marking up the money factor & has a higher selling price than Dealer #2.

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Unlimited 4Xe

  • MichaellMichaell ColoradoModerator Posts: 206,519

    @subbiefanatic said:
    Thanks for this great platform for us to discuss, and thanks in advance for everybody's input and guidance on how to negotiate more if it is at all possible being a new 2015 model.

    One thing to watch out for is that dealers may choose to use a different finance company for their leases. We don't have access to those numbers - we only get the official Subaru (Chase) numbers. Different companies set different residuals and have different MF, so you may not be comparing apples to apples with dealer 1 and dealer 2.

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  • mossburghmossburgh Member Posts: 39

    @nyccarguy said:
    @‌subbiefanatic

    Sometimes manufacturers' financing arms put different residuals on different models of the same car. In this case, the Premium has a higher residual than the Limited. Higher residuals do mean a lower lease payment. Dealer #1 is obviously marking up the money factor & has a higher selling price than Dealer #

    Dealer #2 has over inflated the residual. At an MSRP of 24,738 and an end value of 14,595.42, your residual factor is .59 which is too high for this car/term. As the previous poster said residual should be .53.

  • MichaellMichaell ColoradoModerator Posts: 206,519

    @mossburgh said:
    Dealer #2 has over inflated the residual. At an MSRP of 24,738 and an end value of 14,595.42, your residual factor is .59 which is too high for this car/term. As the previous poster said residual should be .53.

    Dealers cannot adjust the residual; they are fixed by the finance company.

    It could be that dealer 2 is using a different finance company other than Subaru (Chase).

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  • ps99223ps99223 Member Posts: 2

    Hi,

    I'm seeking "the numbers" for a 2015 Legacy-Premium lease with 12k and 15k miles/year. I'm in the state of Washington.

    I'm considering (not definite) the Moonroof option package, if that makes a difference.

    Thanks,
    Phil

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