2015 Subaru WRX Lease Questions

zzbell

kyfdx said:

Please update with June numbers on Sti when they become available. Thanks

.00154 MF and 62% residual for base model, 36mo, 15K/yr

66% for 10k miles/yr?

kyfdx

battousaii3 said:

15k per year. the msrp was 30,000.

.00155 MF and 59% residual 36mo, 15K/yr.

With an MSRP of $30K and CAP cost of $31K, the payment would be $445/mo.

If your payment is $350/mo. with $1500 down, you probably did get a good deal.... just not with the numbers you are giving us.

kyfdx

zzbell said:

kyfdx said:

zzbell said:

Please update with June numbers on Sti when they become available. Thanks

.00154 MF and 62% residual for base model, 36mo, 15K/yr

66% for 10k miles/yr?

65%. Add 3% to go from 15K/yr to 10K/yr

myjumprope

Can I get an update on a WRX base 36mo and 15 k miles

Michaell

myjumprope said:

Can I get an update on a WRX base 36mo and 15 k miles

63% and .00180

jwass

Hello,

Would you be able to give me the current numbers for a 36 month and 12k mile lease on a WRX limited and also the premium with manual transmission and navigation? Location is CT. Thanks!

kyfdx

jwass said:

Hello,

Would you be able to give me the current numbers for a 36 month and 12k mile lease on a WRX limited and also the premium with manual transmission and navigation? Location is CT. Thanks!

.00156 MF for Premium
.00155 MF for Limited

61% residual for both.

jjohnson085

Hi, do you have June residual and MF for limited w/cvt and navigation, 12k/36?

Thanks!

Michaell

jjohnson085 said:

Hi, do you have June residual and MF for limited w/cvt and navigation, 12k/36?

Thanks!

60% and .00134

lverasky

Hi, I live in Oregon, no sales tax(does this change on MF/Residual?). I had preorder a 2016 Limited WRX with Code22, Package#1, STI exhaust, STS addons
MSRP $36800
Selling price $33500
License fee $400

Thinking put $3000 down, and what will my MF and Residual would be for 36months /12K miles? What will my monthly payment be?/
I never lease a car before, first time. please share some good thoughts.

Thanks in advance!

kyfdx

lverasky said:

Hi, I live in Oregon, no sales tax(does this change on MF/Residual?). I had preorder a 2016 Limited WRX with Code22, Package#1, STI exhaust, STS addons
MSRP $36800
Selling price $33500
License fee $400

Thinking put $3000 down, and what will my MF and Residual would be for 36months /12K miles? What will my monthly payment be?/
I never lease a car before, first time. please share some good thoughts.

Thanks in advance!

We don't have any 2016 model lease numbers.

lverasky

kyfdx said:

lverasky said:

Hi, I live in Oregon, no sales tax(does this change on MF/Residual?). I had preorder a 2016 Limited WRX with Code22, Package#1, STI exhaust, STS addons
MSRP $36800
Selling price $33500
License fee $400

Thinking put $3000 down, and what will my MF and Residual would be for 36months /12K miles? What will my monthly payment be?/
I never lease a car before, first time. please share some good thoughts.

Thanks in advance!

We don't have any 2016 model lease numbers.

Hi, got a question. So when I doing lease...the lower residual number that the Bank or Dealer gave me the better..is that right?
what about MF? is the lower better or higher better?

kyfdx

lverasky said:

kyfdx said:

lverasky said:

Hi, I live in Oregon, no sales tax(does this change on MF/Residual?). I had preorder a 2016 Limited WRX with Code22, Package#1, STI exhaust, STS addons
MSRP $36800
Selling price $33500
License fee $400

Thinking put $3000 down, and what will my MF and Residual would be for 36months /12K miles? What will my monthly payment be?/
I never lease a car before, first time. please share some good thoughts.

Thanks in advance!

We don't have any 2016 model lease numbers.

Hi, got a question. So when I doing lease...the lower residual number that the Bank or Dealer gave me the better..is that right?
what about MF? is the lower better or higher better?

The residual is fixed by the bank, and the dealer can't adjust it... Higher is better, as that results in less depreciation and a lower payment.

The money factor is the finance rate. Lower is better.

lverasky

Thanks, I see. I will go in Subaru next month to pick up the car. just clarify,..these are the things i need to memorize?

Higher Residual = better
Lower MF = better
Lower selling price = better

should i put down payment or not? i heard if the down payment does not good if the car is not buy out after the lease..is this true?

kyfdx

lverasky said:

Thanks, I see. I will go in Subaru next month to pick up the car. just clarify,..these are the things i need to memorize?

Higher Residual = better
Lower MF = better
Lower selling price = better

should i put down payment or not? i heard if the down payment does not good if the car is not buy out after the lease..is this true?

A down-payment will reduce your total monthly payment outlay, dollar for dollar.. with a small savings. No point in doing that.. It just serves to make the vehicle look cheaper to rent than it really is..

lverasky

kyfdx said:

lverasky said:

Thanks, I see. I will go in Subaru next month to pick up the car. just clarify,..these are the things i need to memorize?

Higher Residual = better
Lower MF = better
Lower selling price = better

should i put down payment or not? i heard if the down payment does not good if the car is not buy out after the lease..is this true?

A down-payment will reduce your total monthly payment outlay, dollar for dollar.. with a small savings. No point in doing that.. It just serves to make the vehicle look cheaper to rent than it really is..

Oh..i see. so when I lease my WRX..i fight for no down payment and list below.
Higher Residual = better
Lower MF = better
Lower selling price = better

yes???...sorry ..i am so new to lease market.

royal52

That is right, however the only thing of those three that you can negotiate is the selling price. The other two are set by the leasing company.

royal52

Guys, I've settled on a 2015 WRX base model six-speed. Will be picking it up Wednesday !!

I'm in Canada, details of my lease:

MSRP: $29,995 + mandatory fees of $2,036.15

I got them down to an out the door selling price of $30,436.15; doing a 36 month, 20,000 Km lease at a 0.9% (.000375 MF) interest rate. Residual value is 59% ($18,201.50). Our tax is 13% here.

Putting no money down, my monthly lease payment is $404.51.

I haggled with them for a month to get that price and got them to match other dealers. Here in Canada, the 2016's are now arriving at dealerships so this was one of the last 2015's available within a 4 hour drive from my city which takes in roughly 25 dealerships. They told me this is the lowest price they have ever sold a WRX for, perhaps true, perhaps not but I feel I got them to the lowest number they would go.

Thanks for all the help on the way from this forum !!

Michaell

royal52 said:

That is right, however the only thing of those three that you can negotiate is the selling price. The other two are set by the leasing company.

Not exactly true ... the MF can be marked up by the dealer so it's imperative that you work to secure the base MF.

khyron

I'm looking to order and lease a 2016 WRX limited with nav package. I know you said the numbers aren't out yet for the 2016s, but I did speak to a dealer yesterday who gave me a selling price and some monthly lease payments. Were they just making numbers up, or have the MF/residuals become available? If available, I'd really appreciate them! If they're not available yet, any speculation on when they might become available? Thanks!

kyfdx

khyron said:

I'm looking to order and lease a 2016 WRX limited with nav package. I know you said the numbers aren't out yet for the 2016s, but I did speak to a dealer yesterday who gave me a selling price and some monthly lease payments. Were they just making numbers up, or have the MF/residuals become available? If available, I'd really appreciate them! If they're not available yet, any speculation on when they might become available? Thanks!

No idea.. they might have numbers.. we don't.

We certainly won't have them before July.

khyron

kyfdx said:

khyron said:

I'm looking to order and lease a 2016 WRX limited with nav package. I know you said the numbers aren't out yet for the 2016s, but I did speak to a dealer yesterday who gave me a selling price and some monthly lease payments. Were they just making numbers up, or have the MF/residuals become available? If available, I'd really appreciate them! If they're not available yet, any speculation on when they might become available? Thanks!

No idea.. they might have numbers.. we don't.

We certainly won't have them before July.

Thanks! I asked the salesperson and the numbers he gave me were .002 MF and 64% residual. I've been looking at the numbers given here for a 2015 WRX limited manula with nav, and this .002 seems very high. Am I correct in that belief? Or am I expecting too much?

Also, the salesperson had previously told me that the leases are always better near the beginning of the model year, as opposed to the end of the model year. Is that true? Clearly, from the MF figures, it doesn't SEEM true...

Michaell

khyron said:

kyfdx said:

khyron said:

I'm looking to order and lease a 2016 WRX limited with nav package. I know you said the numbers aren't out yet for the 2016s, but I did speak to a dealer yesterday who gave me a selling price and some monthly lease payments. Were they just making numbers up, or have the MF/residuals become available? If available, I'd really appreciate them! If they're not available yet, any speculation on when they might become available? Thanks!

No idea.. they might have numbers.. we don't.

We certainly won't have them before July.

Thanks! I asked the salesperson and the numbers he gave me were .002 MF and 64% residual. I've been looking at the numbers given here for a 2015 WRX limited manula with nav, and this .002 seems very high. Am I correct in that belief? Or am I expecting too much?

Also, the salesperson had previously told me that the leases are always better near the beginning of the model year, as opposed to the end of the model year. Is that true? Clearly, from the MF figures, it doesn't SEEM true...

The WRX is a popular car, and Subaru isn't likely to provide really good lease numbers on them. That said, .002 is a bit higher than the 2015 MF, and the dealer is also allowed to mark it up for a bit of extra profit.

Given that we don't know what the base rate is, we can't tell you if that's the case with your dealer or not.

khyron

Michaell said:

khyron said:

kyfdx said:

khyron said:

I'm looking to order and lease a 2016 WRX limited with nav package. I know you said the numbers aren't out yet for the 2016s, but I did speak to a dealer yesterday who gave me a selling price and some monthly lease payments. Were they just making numbers up, or have the MF/residuals become available? If available, I'd really appreciate them! If they're not available yet, any speculation on when they might become available? Thanks!

No idea.. they might have numbers.. we don't.

We certainly won't have them before July.

Thanks! I asked the salesperson and the numbers he gave me were .002 MF and 64% residual. I've been looking at the numbers given here for a 2015 WRX limited manula with nav, and this .002 seems very high. Am I correct in that belief? Or am I expecting too much?

Also, the salesperson had previously told me that the leases are always better near the beginning of the model year, as opposed to the end of the model year. Is that true? Clearly, from the MF figures, it doesn't SEEM true...

The WRX is a popular car, and Subaru isn't likely to provide really good lease numbers on them. That said, .002 is a bit higher than the 2015 MF, and the dealer is also allowed to mark it up for a bit of extra profit.

Given that we don't know what the base rate is, we can't tell you if that's the case with your dealer or not.

Thanks Michaell. I've since requested information from a second dealer, and he gave me different numbers (.0025 MF and 66% residual). It was my understanding that residual is specified by Subaru, and not something the dealers could mess with? Based on the fact that you said the official numbers aren't out, and the fact that each dealership gave me a different residual, I'm thinking maybe both salespeople are just coming up with numbers off the top of their head that seem reasonable but clearly favorable for them.

Given that, I think I will try to wait until Subaru gives out the official numbers. Then, at least, I'll have a better idea of what is possible and how much I may be getting screwed.

Michaell

khyron said:

I'm looking to order and lease a 2016 WRX limited with nav package. I know you said the numbers aren't out yet for the 2016s, but I did speak to a dealer yesterday who gave me a selling price and some monthly lease payments. Were they just making numbers up, or have the MF/residuals become available? If available, I'd really appreciate them! If they're not available yet, any speculation on when they might become available? Thanks!

No idea.. they might have numbers.. we don't. We certainly won't have them before July.

Thanks! I asked the salesperson and the numbers he gave me were .002 MF and 64% residual. I've been looking at the numbers given here for a 2015 WRX limited manula with nav, and this .002 seems very high. Am I correct in that belief? Or am I expecting too much? Also, the salesperson had previously told me that the leases are always better near the beginning of the model year, as opposed to the end of the model year. Is that true? Clearly, from the MF figures, it doesn't SEEM true...

The WRX is a popular car, and Subaru isn't likely to provide really good lease numbers on them. That said, .002 is a bit higher than the 2015 MF, and the dealer is also allowed to mark it up for a bit of extra profit. Given that we don't know what the base rate is, we can't tell you if that's the case with your dealer or not.

Thanks Michaell. I've since requested information from a second dealer, and he gave me different numbers (.0025 MF and 66% residual). It was my understanding that residual is specified by Subaru, and not something the dealers could mess with? Based on the fact that you said the official numbers aren't out, and the fact that each dealership gave me a different residual, I'm thinking maybe both salespeople are just coming up with numbers off the top of their head that seem reasonable but clearly favorable for them. Given that, I think I will try to wait until Subaru gives out the official numbers. Then, at least, I'll have a better idea of what is possible and how much I may be getting screwed.

Dealers are not allowed to modify the residual. You may want to confirm the number of miles each dealer is quoting you. 

Dealers may have the new numbers; we don't. 

kwame_876

hi guys, buying noob here, 
 just went to my dealer for a first quote on a 2016 wrx base with a fiew options "sticker above" the dealer only had 2 in stock. got quoted 27252 loan 451 for 72months, lease 309+tax. both with 2k down and the dealer offered to pay my last payment on my current lease (340) + up to 400 on the lease deposition if i signed before the end of the month.
ofered 2.9% apr with my perfect credit. any advice guys?  thanks in advance

kyfdx

kwame_876 said:

hi guys, buying noob here, 
 just went to my dealer for a first quote on a 2016 wrx base with a fiew options "sticker above" the dealer only had 2 in stock. got quoted 27252 loan 451 for 72months, lease 309+tax. both with 2k down and the dealer offered to pay my last payment on my current lease (340) + up to 400 on the lease deposition if i signed before the end of the month.
ofered 2.9% apr with my perfect credit. any advice guys?  thanks in advance

We don't have any of the lease numbers for the 2016 model, but that at least sounds reasonable. What is the MSRP?

kwame_876

sticker price with all the add ons comes up to 28252.

royal52

To the guys talking about leasing at start of term vs. end I'll give my take.

Here in Canada the 2016's are now out.

I recently leased one of the last remaining 2015's. It was cheaper to get a 15 than 16.

Lease interest rate on 15 was 0.9% while the new interest rate on the 16 was 3.9%!! So it wasn't even close with a 59% vs 64% residual respectively. Almost $100/month difference, plus I feel I had some negotiation leverage getting a 15 when the 16's were out.

hkps

I know supposedly you can't get the 2016 numbers yet but I've seen some at the dealerships here in southern california. Will ask for whatever info they can give me regarding MF and residual. But for my own reference, do you have numbers for a 2015 STI lease? 36/15 or 36/12

Thanks! The TrueCar estimate for the 2016 STI + nav package is ~36k. Does that sound reasonable or a bit less than what you think the dealer will offer?

kyfdx

hkps said:

I know supposedly you can't get the 2016 numbers yet but I've seen some at the dealerships here in southern california. Will ask for whatever info they can give me regarding MF and residual. But for my own reference, do you have numbers for a 2015 STI lease? 36/15 or 36/12

Thanks! The TrueCar estimate for the 2016 STI + nav package is ~36k. Does that sound reasonable or a bit less than what you think the dealer will offer?

2016 STI: .00225 MF and 69% residual for base, 65% residual for premium. 36mo, 15K/yr

jjohnson085

Do you have MF and residual for 2016 WRX Limited CVT w/Nav, 12/36 and 12/24?

Also, is Subaru waiving acquisition fee and security deposit? The dealer said they were doing that on 2015's.

thanks in advance

kyfdx

jjohnson085 said:

Do you have MF and residual for 2016 WRX Limited CVT w/Nav, 12/36 and 12/24?

Also, is Subaru waiving acquisition fee and security deposit? The dealer said they were doing that on 2015's.

thanks in advance

.00240 MF and 71% residual
.00190 MF and 64% residual

No info on security deposit or acquisition fee waivers

jjohnson085

thanks! is the 71% 24 months and 64% 36 months?

badmojo27

Looking to start negotiation on my ordered 2016 WRX STI Limited. Delivery is any day. Was told $500 over invoice so sell price is estimate.
MSRP - $44,250
Sell Price - $41,800
Down - $3000
10/36
Calif.

Thanks for your time

kyfdx

jjohnson085 said:

thanks! is the 71% 24 months and 64% 36 months?

Yes

kyfdx

badmojo27 said:

Looking to start negotiation on my ordered 2016 WRX STI Limited. Delivery is any day. Was told $500 over invoice so sell price is estimate.
MSRP - $44,250
Sell Price - $41,800
Down - $3000
10/36
Calif.

Thanks for your time

.00225 MF and 68% residual

jjohnson085

kyfdx said:

jjohnson085 said:

Do you have MF and residual for 2016 WRX Limited CVT w/Nav, 12/36 and 12/24?

Also, is Subaru waiving acquisition fee and security deposit? The dealer said they were doing that on 2015's.

thanks in advance

.00240 MF and 71% residual
.00190 MF and 64% residual

No info on security deposit or acquisition fee waivers

Emailed sales manager and he is saying residual is only 58%.

hkps

badmojo27 said:

Looking to start negotiation on my ordered 2016 WRX STI Limited. Delivery is any day. Was told $500 over invoice so sell price is estimate.
MSRP - $44,250
Sell Price - $41,800
Down - $3000
10/36
Calif.

Thanks for your time

badmojo27, Try Roadster.com since you are in california. I looked them up on yelp and this company has like 5 stars across the board. It's a 3rd party dealer and he does all the negotiating legwork for you. He quoted me for a 2016 STI + nav system.

MSRP: 38,000
Sell Price: 36,000

Very low pressure and from the reviews, everybody loves him.

badmojo27

hkps said:

badmojo27 said:

Looking to start negotiation on my ordered 2016 WRX STI Limited. Delivery is any day. Was told $500 over invoice so sell price is estimate.
MSRP - $44,250
Sell Price - $41,800
Down - $3000
10/36
Calif.

Thanks for your time

badmojo27, Try Roadster.com since you are in california. I looked them up on yelp and this company has like 5 stars across the board. It's a 3rd party dealer and he does all the negotiating legwork for you. He quoted me for a 2016 STI + nav system.

MSRP: 38,000
Sell Price: 36,000

Very low pressure and from the reviews, everybody loves him.

Thanks for the info, I will look into that. The salesman is a friend of mine but wanted to get all my ducks in a row dealing with the sales manager.

mdk72002

What can I expect as a lease price on a 2016 Sti Base, Premium and Limited? 36/10k

Assuming $0 down and 41K price on the limited. Looking to buy one in the next week or so.

kyfdx

jjohnson085 said:

kyfdx said:

jjohnson085 said:

Do you have MF and residual for 2016 WRX Limited CVT w/Nav, 12/36 and 12/24?

Also, is Subaru waiving acquisition fee and security deposit? The dealer said they were doing that on 2015's.

thanks in advance

.00240 MF and 71% residual
.00190 MF and 64% residual

No info on security deposit or acquisition fee waivers

Emailed sales manager and he is saying residual is only 58%.

He must be looking at 2015 model

jjohnson085

He must be looking at 2015 model

I asked to double check and he said it was right and 24 month was 67%.

Car hasn't arrived yet so hopefully I can get accurate numbers from them then. Not liking the MF either, seems pretty high.

kyfdx

jjohnson085 said:

He must be looking at 2015 model

I asked to double check and he said it was right and 24 month was 67%.

Car hasn't arrived yet so hopefully I can get accurate numbers from them then. Not liking the MF either, seems pretty high.



The numbers I gave were through Subaru Motors Finance (aka Chase). Maybe, if you are in the NorthEast, they are using some other bank. Otherwise, your guy is totally off.

badmojo27

kyfdx said:

badmojo27 said:

Looking to start negotiation on my ordered 2016 WRX STI Limited. Delivery is any day. Was told $500 over invoice so sell price is estimate.
MSRP - $44,250
Sell Price - $41,800
Down - $3000
10/36
Calif.

Thanks for your time

.00225 MF and 68% residual

If I went 12/36, what would the residual drop too?

Thanks again

kyfdx

badmojo27 said:

kyfdx said:

badmojo27 said:

Looking to start negotiation on my ordered 2016 WRX STI Limited. Delivery is any day. Was told $500 over invoice so sell price is estimate.
MSRP - $44,250
Sell Price - $41,800
Down - $3000
10/36
Calif.

Thanks for your time

.00225 MF and 68% residual

If I went 12/36, what would the residual drop too?

Thanks again

Subtract 1% to go from 10K/yr to 12K/yr

badmojo27

kyfdx said:

badmojo27 said:

kyfdx said:

badmojo27 said:

Looking to start negotiation on my ordered 2016 WRX STI Limited. Delivery is any day. Was told $500 over invoice so sell price is estimate.
MSRP - $44,250
Sell Price - $41,800
Down - $3000
10/36
Calif.

Thanks for your time

.00225 MF and 68% residual

If I went 12/36, what would the residual drop too?

Thanks again

Subtract 1% to go from 10K/yr to 12K/yr

Thank you.

larryo_22

I'm so thankful for your forum. Great consumer info on the WRX. I'm looking at a lease for the 2016 WRX Premium M6, negotiated info...
New York, MSRP $29690, Sale price/Cap cost $28046, $1000 down, 36 Mo/15K, tax 7%, doc fee $454, gov't fee $200 (??), dest. $795.
Can you help me evaluate my proposed lease and let me know the MF, residual and monthly payment? And especially your opinion. Thanks!!

Michaell

larryo_22 said:

I'm so thankful for your forum. Great consumer info on the WRX. I'm looking at a lease for the 2016 WRX Premium M6, negotiated info... New York, MSRP $29690, Sale price/Cap cost $28046, $1000 down, 36 Mo/15K, tax 7%, doc fee $454, gov't fee $200 (??), dest. $795. Can you help me evaluate my proposed lease and let me know the MF, residual and monthly payment? And especially your opinion. Thanks!!

65% and .00224. With your MSRP and cap cost I get $349/mo before tax. 

jc85

Dealer gave me the following info, just wanted to make sure this is right:

2016 WRX Base 6-speed manual
Residual 71% (36mo/10k)
MF .00231

I'm in California if that matters