2014 Subaru XV Crosstrek Lease Questions

kyfdx

shaiss said:

The dealer told me today that when I bring back my car at the end of the lease in 3 yrs, subarus hold there value so well, that I will likely have about $2-3k in equity I can put as down 
payment towards my neXT lease. 

Is there some truth to that?

Hmmmm. maybe.. Ask him to show you the paperwork for any recent example..

I sure wouldn't count on it..

shaiss

kyfdx said:

sforgues1 said:

Any word on numbers for Jan. for 2015 cross-trek 12k/36 months MF/Residual for the limited and premium. Thanks

.00125 MF and 58% residual for Premium
.00085 MF and 58% residual for Limited

Are these #s still current? I may be buying the lmtd this week. Would a 10K lease add 1% residual? so .0085 & 59%?

I understand the MF can be negotiated, but .00085 is pretty darn good. How about the residual?

kyfdx

shaiss said:

kyfdx said:

sforgues1 said:

Any word on numbers for Jan. for 2015 cross-trek 12k/36 months MF/Residual for the limited and premium. Thanks

.00125 MF and 58% residual for Premium
.00085 MF and 58% residual for Limited

Are these #s still current? I may be buying the lmtd this week. Would a 10K lease add 1% residual? so .0085 & 59%?

I understand the MF can be negotiated, but .00085 is pretty darn good. How about the residual?

Yes.. those numbers are good through February 2nd.

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

Those are the base money factors. You can't get lower than that, though the dealer may attempt to mark them up for extra profit. Residuals are set by the leasing bank and cannot be altered.

xtrekshopper

is the money factor and residual the same for the 2014s? Crosstrek limited

kyfdx

xtrekshopper said:

is the money factor and residual the same for the 2014s? Crosstrek limited

Definitely not.. .00027 MF and 54% residual for 36mo, 12K/yr

xtrekshopper

and for 10k/yr?

Michaell

xtrekshopper said:

and for 10k/yr?

Add 1% to the 12K residual.

xtrekshopper

So your monthly payment ends up being pretty much the same for a 2014 and a 2015, but a lot more goes towards principal on the 2014 lease. Is that right? Which at the end of the day won't matter unless you purchase the car at the end of the term?

Michaell

xtrekshopper said:

So your monthly payment ends up being pretty much the same for a 2014 and a 2015, but a lot more goes towards principal on the 2014 lease. Is that right? Which at the end of the day won't matter unless you purchase the car at the end of the term?

Yes.

shaiss

The mf posted is for tier 1.  Any idea what t h e tier 3 mf is?

Michaell

shaiss said:

The mf posted is for tier 1.  Any idea what t h e tier 3 mf is?

Add .00050 to the MF for tier 3.

roxieixor

Looking at 2015 XV Crosstrek Limited with Moonroof/Nav/Eyesight
MSRP $28,764
Was told that 2% under invoice VIP price is $26,782
36 month, 12k lease
first payment including 8% tax of $1566
35 payments of $356.54

I asked for residual and money factor and was told 58% and 0.00135 (this was before I gave approval to do a credit check).

After checking here it looks like the money factor is for Tier 3. I'm pretty sure I'm Tier 1 and the MF should be 0.00085

I've told the dealer that from the information I've been able to find, the MF should be 0.00085 for me.

Is the 0.0085 for Tier 1 something they must give me, or does the dealer have the flexibility to use 0.00135 even if I'm Tier 1?

Michaell

roxieixor said:

Looking at 2015 XV Crosstrek Limited with Moonroof/Nav/Eyesight
MSRP $28,764
Was told that 2% under invoice VIP price is $26,782
36 month, 12k lease
first payment including 8% tax of $1566
35 payments of $356.54

I asked for residual and money factor and was told 58% and 0.00135 (this was before I gave approval to do a credit check).

After checking here it looks like the money factor is for Tier 3. I'm pretty sure I'm Tier 1 and the MF should be 0.00085

I've told the dealer that from the information I've been able to find, the MF should be 0.00085 for me.

Is the 0.0085 for Tier 1 something they must give me, or does the dealer have the flexibility to use 0.00135 even if I'm Tier 1?

I can confirm the 58% and .00085 for the CrossTrek Limited.

But, Subaru dealers are allowed to mark up the MF by .0005, so your quote of .00135 is allowed. You, of course, don't want to pay that. Tell them you won't sign a deal with an inflated MF.

Then, reach out to a second Subaru dealer .. competition is your friend.

xtrekshopper

Is the 2% under MSRP mentioned above a standard "good deal"? Also, is the acquisition fee standardized? Does $600 sound fair? I had that capitalized into the lease but also paid $600 upfront for registration fees (including new plates). Did they double dip on me?

kyfdx

xtrekshopper said:

Is the 2% under MSRP mentioned above a standard "good deal"? Also, is the acquisition fee standardized? Does $600 sound fair? I had that capitalized into the lease but also paid $600 upfront for registration fees (including new plates). Did they double dip on me?

The acquisition fee is $595. We couldn't comment on your local registration fees.

Not sure of the market on the Crosstrek, as far as discounts

roxieixor

Here's a dealer that shows selling price on their website.
http://www.vanbortelsubaru.net/new-inventory/index.htm?reset=InventoryListing

You can always use this as a starting point for comparison.

Here's another one:
http://www.mikescarffsubaru.com/new-inventory/index.htm

mots1

Hi! I was quoted a residual of 58% and mf of .00125for a 2015 xv cross trek premium with eyesight. Does this sound correct to you? Thank You!

kyfdx

mots1 said:

Hi! I was quoted a residual of 58% and mf of .00125for a 2015 xv cross trek premium with eyesight. Does this sound correct to you? Thank You!

If it's 36mo, 12K/yr, those numbers are correct

mots1

yes thank you!!

pgr1

Looking to pick up a 2015 Hybrid - most likely a Hybrid Touring. Got some concerns about the 'engine shudder' when electric engages and disengages. And the reviews here and at Consumer Reports have me worried as well. But I like the AWD decent gas mileage combo in a fairly cool form factor.

I've never quite followed the fascination with money factors and residuals. I always simply boil my lease deals down to how much am I paying up front, how many payments after that, and how much is each of those payments. I always ask for $0 out of pocket up front, literally roll everything into the payments, so I can compare apples to apples at each dealer. That usually works out OK rolling bank charges, dealer fees and even the first month's payment into the monthly price. And then I can simply compare that exact price to the dealer next door. And I don't have to juggle money factors, etc. - just one monthly payment.

Having said all that, I'd like the 2015 which has a sticker of 30,469 and is listed on Rochester Subaru at 29,220. Assuming I ask for 36 months and 10k miles, with $0 down and everything rolled into the next 35 payments, can anyone help me with what that monthly fee should be? I'd add 7% NJ tax on that number and assume NJ fees are probably same as everyplace else.

Just guessing based on a post above for a 28k car with what looks like a much better discount for 26k, the monthly comes out to 350/m. Adding $1.6k up front that he paid plus a good part of the 3k price difference and drop a little for 10k miles, mean maybe adding $100/m to that? So 450/m? That seems higher than I would have expected.

Any thoughts on what I should be paying with no money down at all?

Michaell

pgr1 said:

Looking to pick up a 2015 Hybrid - most likely a Hybrid Touring. Got some concerns about the 'engine shudder' when electric engages and disengages. And the reviews here and at Consumer Reports have me worried as well. But I like the AWD decent gas mileage combo in a fairly cool form factor.

I've never quite followed the fascination with money factors and residuals. I always simply boil my lease deals down to how much am I paying up front, how many payments after that, and how much is each of those payments. I always ask for $0 out of pocket up front, literally roll everything into the payments, so I can compare apples to apples at each dealer. That usually works out OK rolling bank charges, dealer fees and even the first month's payment into the monthly price. And then I can simply compare that exact price to the dealer next door. And I don't have to juggle money factors, etc. - just one monthly payment.

Having said all that, I'd like the 2015 which has a sticker of 30,469 and is listed on Rochester Subaru at 29,220. Assuming I ask for 36 months and 10k miles, with $0 down and everything rolled into the next 35 payments, can anyone help me with what that monthly fee should be? I'd add 7% NJ tax on that number and assume NJ fees are probably same as everyplace else.

Just guessing based on a post above for a 28k car with what looks like a much better discount for 26k, the monthly comes out to 350/m. Adding $1.6k up front that he paid plus a good part of the 3k price difference and drop a little for 10k miles, mean maybe adding $100/m to that? So 450/m? That seems higher than I would have expected.

Any thoughts on what I should be paying with no money down at all?

Hybrid Touring 36/10 - 57% and .00075.

With your MSRP and selling price, I get a pre-tax payment of $364.18. That's assuming you take care of the up front costs at lease inception. If you can get me an adjusted cap cost (all fees, etc. rolled in), we can recalculate the payment - but, obviously, it will be higher.

pgr1

Not sure how to compare to your number. Dealer emailed me the lease price of the car. Sticker is 30,499 for Hybrid Touring. Told him to roll everything into payments over 36 months with 10k miles and 0 out of pocket. Came back with 453.59 which includes NJ 7% tax. Not sure what you meant by fees, etc. up front. So in my mind, this car will cost $453 x 35 or 15,855 over 36 months.

Seems like you were suggesting $364 plus tax, call it 390 per month, or 390 x 36 or 14021, plus some fees up front. Seems like I'm getting a bad deal, right?

Should know more after I stop by dealership tomorrow.

Thanks in advance for your help.

Michaell

pgr1 said:

Not sure how to compare to your number. Dealer emailed me the lease price of the car. Sticker is 30,499 for Hybrid Touring. Told him to roll everything into payments over 36 months with 10k miles and 0 out of pocket. Came back with 453.59 which includes NJ 7% tax. Not sure what you meant by fees, etc. up front. So in my mind, this car will cost $453 x 35 or 15,855 over 36 months.

Seems like you were suggesting $364 plus tax, call it 390 per month, or 390 x 36 or 14021, plus some fees up front. Seems like I'm getting a bad deal, right?

Should know more after I stop by dealership tomorrow.

Thanks in advance for your help.

There are five numbers necessary to calculate a lease payment (pre-tax):

1. MSRP (bottom line of the sticker)
2. Net cap cost (negotiated price adjusted for any fees/taxes added and down payment made)
3. Residual value
4. money factor
5. length of lease

We have numbers for 1, 3, 4 and 5 - what we don't have is #2 - we know the asking price ($29,220), but you are asking that all fees and taxes be added to that number. Until we have a breakdown of those additions, we can't really give you an accurate payment to compare to the dealer offer.

Dealers love to hide the numbers and just give you a monthly payment. This allows them to sneak in additions to the money factor and other fees to pad their profit.

pgr1

Michaell said:

pgr1 said:

Not sure how to compare to your number. Dealer emailed me the lease price of the car. Sticker is 30,499 for Hybrid Touring. Told him to roll everything into payments over 36 months with 10k miles and 0 out of pocket. Came back with 453.59 which includes NJ 7% tax. Not sure what you meant by fees, etc. up front. So in my mind, this car will cost $453 x 35 or 15,855 over 36 months.

Seems like you were suggesting $364 plus tax, call it 390 per month, or 390 x 36 or 14021, plus some fees up front. Seems like I'm getting a bad deal, right?

Should know more after I stop by dealership tomorrow.

Thanks in advance for your help.

There are five numbers necessary to calculate a lease payment (pre-tax):

1. MSRP (bottom line of the sticker)
2. Net cap cost (negotiated price adjusted for any fees/taxes added and down payment made)
3. Residual value
4. money factor
5. length of lease

We have numbers for 1, 3, 4 and 5 - what we don't have is #2 - we know the asking price ($29,220), but you are asking that all fees and taxes be added to that number. Until we have a breakdown of those additions, we can't really give you an accurate payment to compare to the dealer offer.

Dealers love to hide the numbers and just give you a monthly payment. This allows them to sneak in additions to the money factor and other fees to pad their profit.

Just got back from the dealer. Priced a 2015 Touring Hybrid MSRT 30,499. Looks like Selling Price to me based on their numbers is 29,062.

I like to price it out assuming no money out of pocket at all, 36 months, 10k miles. Roll everything including tax into monthly lease price. So it came out to 453 all in per month for 36 months.

Looks like based on the info sheet they gave me, Total Cap Cost is 32,349.50. Looks like residual value is 54% and I think money factor is .00075 - but not sure if that is right as its listed under Rates - Discount/Buy Rate and Rates Adjusted/Sell Rate. I don't see any specific entry labeled Money Factor..

Thoughts on what I should be paying?

Michaell

pgr1 said:

Michaell said:

pgr1 said:

Not sure how to compare to your number. Dealer emailed me the lease price of the car. Sticker is 30,499 for Hybrid Touring. Told him to roll everything into payments over 36 months with 10k miles and 0 out of pocket. Came back with 453.59 which includes NJ 7% tax. Not sure what you meant by fees, etc. up front. So in my mind, this car will cost $453 x 35 or 15,855 over 36 months.

Seems like you were suggesting $364 plus tax, call it 390 per month, or 390 x 36 or 14021, plus some fees up front. Seems like I'm getting a bad deal, right?

Should know more after I stop by dealership tomorrow.

Thanks in advance for your help.

There are five numbers necessary to calculate a lease payment (pre-tax):

1. MSRP (bottom line of the sticker)
2. Net cap cost (negotiated price adjusted for any fees/taxes added and down payment made)
3. Residual value
4. money factor
5. length of lease

We have numbers for 1, 3, 4 and 5 - what we don't have is #2 - we know the asking price ($29,220), but you are asking that all fees and taxes be added to that number. Until we have a breakdown of those additions, we can't really give you an accurate payment to compare to the dealer offer.

Dealers love to hide the numbers and just give you a monthly payment. This allows them to sneak in additions to the money factor and other fees to pad their profit.

Just got back from the dealer. Priced a 2015 Touring Hybrid MSRT 30,499. Looks like Selling Price to me based on their numbers is 29,062.

I like to price it out assuming no money out of pocket at all, 36 months, 10k miles. Roll everything including tax into monthly lease price. So it came out to 453 all in per month for 36 months.

Looks like based on the info sheet they gave me, Total Cap Cost is 32,349.50. Looks like residual value is 54% and I think money factor is .00075 - but not sure if that is right as its listed under Rates - Discount/Buy Rate and Rates Adjusted/Sell Rate. I don't see any specific entry labeled Money Factor..

Thoughts on what I should be paying?

I can confirm that the MF was .00075 - the Subaru numbers expired yesterday, and we won't have the new numbers until later this week. 36/10 residual is 57%.

With your MSRP and Total Cap Cost, I calculate a payment of $452.98 - so right on the dealer quote of $453/mo.

pgr1

Michaell said:

pgr1 said:

Michaell said:

pgr1 said:

Not sure how to compare to your number. Dealer emailed me the lease price of the car. Sticker is 30,499 for Hybrid Touring. Told him to roll everything into payments over 36 months with 10k miles and 0 out of pocket. Came back with 453.59 which includes NJ 7% tax. Not sure what you meant by fees, etc. up front. So in my mind, this car will cost $453 x 35 or 15,855 over 36 months.

Seems like you were suggesting $364 plus tax, call it 390 per month, or 390 x 36 or 14021, plus some fees up front. Seems like I'm getting a bad deal, right?

Should know more after I stop by dealership tomorrow.

Thanks in advance for your help.

There are five numbers necessary to calculate a lease payment (pre-tax):

1. MSRP (bottom line of the sticker)
2. Net cap cost (negotiated price adjusted for any fees/taxes added and down payment made)
3. Residual value
4. money factor
5. length of lease

We have numbers for 1, 3, 4 and 5 - what we don't have is #2 - we know the asking price ($29,220), but you are asking that all fees and taxes be added to that number. Until we have a breakdown of those additions, we can't really give you an accurate payment to compare to the dealer offer.

Dealers love to hide the numbers and just give you a monthly payment. This allows them to sneak in additions to the money factor and other fees to pad their profit.

Just got back from the dealer. Priced a 2015 Touring Hybrid MSRT 30,499. Looks like Selling Price to me based on their numbers is 29,062.

I like to price it out assuming no money out of pocket at all, 36 months, 10k miles. Roll everything including tax into monthly lease price. So it came out to 453 all in per month for 36 months.

Looks like based on the info sheet they gave me, Total Cap Cost is 32,349.50. Looks like residual value is 54% and I think money factor is .00075 - but not sure if that is right as its listed under Rates - Discount/Buy Rate and Rates Adjusted/Sell Rate. I don't see any specific entry labeled Money Factor..

Thoughts on what I should be paying?

I can confirm that the MF was .00075 - the Subaru numbers expired yesterday, and we won't have the new numbers until later this week. 36/10 residual is 57%.

With your MSRP and Total Cap Cost, I calculate a payment of $452.98 - so right on the dealer quote of $453/mo.

So it would be unrealistic to expect them to move much from that price? If they would move, any idea how much below could I shoot for? $10 lower? $50 lower?

Michaell

pgr1 said:

Michaell said:

pgr1 said:

Michaell said:

pgr1 said:

Not sure how to compare to your number. Dealer emailed me the lease price of the car. Sticker is 30,499 for Hybrid Touring. Told him to roll everything into payments over 36 months with 10k miles and 0 out of pocket. Came back with 453.59 which includes NJ 7% tax. Not sure what you meant by fees, etc. up front. So in my mind, this car will cost $453 x 35 or 15,855 over 36 months.

Seems like you were suggesting $364 plus tax, call it 390 per month, or 390 x 36 or 14021, plus some fees up front. Seems like I'm getting a bad deal, right?

Should know more after I stop by dealership tomorrow.

Thanks in advance for your help.

There are five numbers necessary to calculate a lease payment (pre-tax):

1. MSRP (bottom line of the sticker)
2. Net cap cost (negotiated price adjusted for any fees/taxes added and down payment made)
3. Residual value
4. money factor
5. length of lease

We have numbers for 1, 3, 4 and 5 - what we don't have is #2 - we know the asking price ($29,220), but you are asking that all fees and taxes be added to that number. Until we have a breakdown of those additions, we can't really give you an accurate payment to compare to the dealer offer.

Dealers love to hide the numbers and just give you a monthly payment. This allows them to sneak in additions to the money factor and other fees to pad their profit.

Just got back from the dealer. Priced a 2015 Touring Hybrid MSRT 30,499. Looks like Selling Price to me based on their numbers is 29,062.

I like to price it out assuming no money out of pocket at all, 36 months, 10k miles. Roll everything including tax into monthly lease price. So it came out to 453 all in per month for 36 months.

Looks like based on the info sheet they gave me, Total Cap Cost is 32,349.50. Looks like residual value is 54% and I think money factor is .00075 - but not sure if that is right as its listed under Rates - Discount/Buy Rate and Rates Adjusted/Sell Rate. I don't see any specific entry labeled Money Factor..

Thoughts on what I should be paying?

I can confirm that the MF was .00075 - the Subaru numbers expired yesterday, and we won't have the new numbers until later this week. 36/10 residual is 57%.

With your MSRP and Total Cap Cost, I calculate a payment of $452.98 - so right on the dealer quote of $453/mo.

So it would be unrealistic to expect them to move much from that price? If they would move, any idea how much below could I shoot for? $10 lower? $50 lower?

On a 36 month lease, every $1000 you can save on the selling price translates to about a $28/mo savings on the monthly payment. I don't track transaction prices that closely, so I cannot tell you how much lower you can get them to go.

You can use the Edmunds pricing tools at the top of the page (make / model / year) to help establish a target.

jgalindo1224jg

Think about  leasing the crosstrek  premium
Msrp: 23,317 include 850 destination fees
Net cap cost / neg price cost : 21,717 not including 299 doc fee/processing
Residual value :not sure
Money factor : not sure
Term: 36/15k

What would i be lookin at monthly?
Say i was not to drop anything down like tax bank fee etc and roll it over about how much would i look at and does that go yo the cap cost? Or just was i would be "renting" for the amount

Michaell

jgalindo1224jg said:

Think about  leasing the crosstrek  premium
Msrp: 23,317 include 850 destination fees
Net cap cost / neg price cost : 21,717 not including 299 doc fee/processing
Residual value :not sure
Money factor : not sure
Term: 36/15k

What would i be lookin at monthly?
Say i was not to drop anything down like tax bank fee etc and roll it over about how much would i look at and does that go yo the cap cost? Or just was i would be "renting" for the amount

57% and .00143.

Using your MSRP and net cap cost numbers, I get a pre-tax payment of $284.13/mo.

If you want $0 out of pocket, all those costs in their entirety would be added to the cap cost and the payment would go up. Not sure that some of it (bank fee, for example) can be added in.

PF_Flyer

For current leasing information, go to 2015 Subaru XV Crosstrek Lease info