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2016 Subaru Outback Lease Questions

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  • MichaellMichaell Moderator Posts: 262,649
    wassct said:

    Hi Michael,

    I'm looking to lease at 2.5i Limited with Nav+Eyesight in CT.

    Would you happen to have the MF and Residual for 12k/36 and 15k/36?

    Thanks again for all your help :)

    .00105 and 60% for 36/15. Add 2% for 12k

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  • wassctwassct Member Posts: 24
    Michaell said:
    Hi Michael, I'm looking to lease at 2.5i Limited with Nav+Eyesight in CT. Would you happen to have the MF and Residual for 12k/36 and 15k/36? Thanks again for all your help :)
    .00105 and 60% for 36/15. Add 2% for 12k

    Thanks Michael! 
  • subarufan8subarufan8 Member Posts: 23
    Hi Michael. SO I am looking at this and wanted to ask you. The higher the residual % the better? I checked with Subaru and they told me that NY and New England area have higher prices because of emission requirements and etc. Thank you so much for all your help. This is really a place to go.
  • kyfdxkyfdx Moderator Posts: 266,190

    Hi Michael. SO I am looking at this and wanted to ask you. The higher the residual % the better? I checked with Subaru and they told me that NY and New England area have higher prices because of emission requirements and etc. Thank you so much for all your help. This is really a place to go.

    The six New England states are controlled by a distributorship. They might have higher price points. NY is not in the group, though.

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  • subarufan8subarufan8 Member Posts: 23
    Thank you Kyfdx. I was told that NY is part of that group directly from Subaru so I assume they are just playing with everybody.
  • kyfdxkyfdx Moderator Posts: 266,190

    Thank you Kyfdx. I was told that NY is part of that group directly from Subaru so I assume they are just playing with everybody.

    http://www.subaruofnewengland.com/

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  • subarufan8subarufan8 Member Posts: 23
    Yes according to that NY is not part of it. So then NY prices should be different from New England?
  • kyfdxkyfdx Moderator Posts: 266,190

    Yes according to that NY is not part of it. So then NY prices should be different from New England?

    Potentially

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  • subarufan8subarufan8 Member Posts: 23
    Potentially exactly we can never find out for certain. I asked Subaru directly and they made a mistake so who to believe now. Thanks for the info.
  • samny1samny1 Member Posts: 125
    Hi,

    could I please have the RV and MF for a Outback 2.5i and 3.6 R limited with no other packages at 36months 15K? In NY

    Thanks,

    Stephen
  • MichaellMichaell Moderator Posts: 262,649
    samny1 said:

    Hi,

    could I please have the RV and MF for a Outback 2.5i and 3.6 R limited with no other packages at 36months 15K? In NY

    Thanks,

    Stephen

    60% and .00105 for both 2.5i Limited and 3.6R Limited

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  • samny1samny1 Member Posts: 125
    Michaell said:

    samny1 said:

    Hi,

    could I please have the RV and MF for a Outback 2.5i and 3.6 R limited with no other packages at 36months 15K? In NY

    Thanks,

    Stephen

    60% and .00105 for both 2.5i Limited and 3.6R Limited
    Thank You
  • mapso1999mapso1999 Member Posts: 2
    edited February 2016
    I have received a quote for a 2016 subaru outback 2.5i Limited (no additional packages) as follows:

    List price: 31,550
    Sale price: 30,000
    Sales tax (NJ): 2,100
    Doc Fee: 379
    License: 311
    Lien Fee: 25
    Tire tax: 7.5
    Title: 60

    Subtotal: 32,882

    Residual: 10k = 19,876 Residual 12k = 19,561

    Prices out to 10k/yr = 441/mth and 12k/yr = 449/mth with 0 upfront. (3 yr lease)

    This seemed high to me but not sure where i am paying the extra. Is it in the interest rate? Thank you for your advice.
  • MichaellMichaell Moderator Posts: 262,649
    edited February 2016
    mapso1999 said:

    I have received a quote for a 2016 subaru outback 2.5i Limited (no additional packages) as follows:

    List price: 31,550
    Sale price: 30,000
    Sales tax (NJ): 2,100
    Doc Fee: 379
    License: 311
    Lien Fee: 25
    Tire tax: 7.5
    Title: 60

    Subtotal: 32,882

    Residual: 10k = 19,876 Residual 12k = 19,561

    Prices out to 10k/yr = 441/mth and 12k/yr = 449/mth with 0 upfront. (3 yr lease)

    This seemed high to me but not sure where i am paying the extra. Is it in the interest rate? Thank you for your advice.

    .00105 MF and 62% (12K) or 63% (10K)

    With your prices, I get $425/mo for 12K or $417/mo for 10K.

    Not much discount from sticker is hurting, as is the somewhat high MF.

    The tax amount also seems high - NJ taxes the sum of the payment only; this looks like tax against the entire selling price.

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  • outbacknjoutbacknj Member Posts: 3
    Hello,

    I'm considering a 2016 2.5i Subaru Outback Premium lease for 36 months and 10K mileage allowance per year.

    This will be without any add-ons or optional equipment installed, just the "basic" options offered with the Premium model.

    I will not be putting any money down for this lease and this will be in the state of New Jersey.

    The dealer quoted me the below information so far. Is this accurate for New Jersey?

    Lease Money Factor - 0.00100
    Residual - 61%

    Also, in my visit to the dealer while test driving and talking about some numbers briefly, they quoted me $395/month based on the information I provided above, but I didn't go into details at that time since I wanted to ensure which model I wanted first before going further.

    I believe $395/month definitely sounds high based on the description above, am I correct in my assumption?

    I have emailed the dealer salesperson and asked for more details on how the $395 was calculated and then go from there in negotiating.

    Any feedback you can provide would be appreciated!

    Thank you!

  • kyfdxkyfdx Moderator Posts: 266,190
    outbacknj said:

    Hello,

    I'm considering a 2016 2.5i Subaru Outback Premium lease for 36 months and 10K mileage allowance per year.

    This will be without any add-ons or optional equipment installed, just the "basic" options offered with the Premium model.

    I will not be putting any money down for this lease and this will be in the state of New Jersey.

    The dealer quoted me the below information so far. Is this accurate for New Jersey?

    Lease Money Factor - 0.00100
    Residual - 61%

    Also, in my visit to the dealer while test driving and talking about some numbers briefly, they quoted me $395/month based on the information I provided above, but I didn't go into details at that time since I wanted to ensure which model I wanted first before going further.

    I believe $395/month definitely sounds high based on the description above, am I correct in my assumption?

    I have emailed the dealer salesperson and asked for more details on how the $395 was calculated and then go from there in negotiating.

    Any feedback you can provide would be appreciated!

    Thank you!

    .00100 is the base MF, but 61% is the 36/15 residual. The 36/10 residual is 64%.

    Without the MSRP and selling price/CAP cost, no idea if $395/mo. is reasonable, or not.

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  • outbacknjoutbacknj Member Posts: 3
    kyfdx said:

    outbacknj said:

    Hello,

    I'm considering a 2016 2.5i Subaru Outback Premium lease for 36 months and 10K mileage allowance per year.

    This will be without any add-ons or optional equipment installed, just the "basic" options offered with the Premium model.

    I will not be putting any money down for this lease and this will be in the state of New Jersey.

    The dealer quoted me the below information so far. Is this accurate for New Jersey?

    Lease Money Factor - 0.00100
    Residual - 61%

    Also, in my visit to the dealer while test driving and talking about some numbers briefly, they quoted me $395/month based on the information I provided above, but I didn't go into details at that time since I wanted to ensure which model I wanted first before going further.

    I believe $395/month definitely sounds high based on the description above, am I correct in my assumption?

    I have emailed the dealer salesperson and asked for more details on how the $395 was calculated and then go from there in negotiating.

    Any feedback you can provide would be appreciated!

    Thank you!

    .00100 is the base MF, but 61% is the 36/15 residual. The 36/10 residual is 64%.

    Without the MSRP and selling price/CAP cost, no idea if $395/mo. is reasonable, or not.

    --------------------------------

    Thanks for your reply. Here are the details that the dealer quoted for the lease offer:

    2016 Subaru Outback 2.5i Premium (no add-ons)

    1. MSRP - $26,750
    2. Agreed upon price for lease - $25,000
    3. Acquisition Fee - $595
    4. Gross Cap Cost - $25,595
    5. Residual 64% - $17,120
    6. Mileage - 10,000/year
    7. Term - 36 months
    8. Money Factor - 0.00100
    9. Base Monthly Payment - $278.14
    10. Sales Tax - $700.91
    11. Document Fee - $349
    12. Registration - $300
    13. Tire Tax - 7.50
    14. Cash Required upfront - Items 9 through 13 equals $1,635.55

    A few questions:

    - Does this seem like a good lease offer at $278.14/mo based on the information above?
    - Do you see anything I can potentially negotiate on more, such as eliminating or reducing any fees?
    - Does the sales tax appear correct for the state of New Jersey?
    - Do the numbers all add up with the residuals/money factor and the monthly price?
    - What is your opinion of the MSRP and agreed upon price for the lease that the proposed? Sound competitive?

    My thoughts are that it does seem competitive and aggressive, but I think I might be able to at least negotiate on a few items, since I haven't countered and I just asked them to provide me their best offer since what I was looking for an offer that I "could not refuse", since I have a good running car already, but it's 15 years old and I told them I'd just like something new at this point.

    Your help will be greatly appreciated since I'd like to make a decision on this quickly.

    Thanks so much for your help! :) This forum is awesome.


  • MichaellMichaell Moderator Posts: 262,649
    outbacknj said:

    kyfdx said:

    outbacknj said:

    Hello,

    I'm considering a 2016 2.5i Subaru Outback Premium lease for 36 months and 10K mileage allowance per year.

    This will be without any add-ons or optional equipment installed, just the "basic" options offered with the Premium model.

    I will not be putting any money down for this lease and this will be in the state of New Jersey.

    The dealer quoted me the below information so far. Is this accurate for New Jersey?

    Lease Money Factor - 0.00100
    Residual - 61%

    Also, in my visit to the dealer while test driving and talking about some numbers briefly, they quoted me $395/month based on the information I provided above, but I didn't go into details at that time since I wanted to ensure which model I wanted first before going further.

    I believe $395/month definitely sounds high based on the description above, am I correct in my assumption?

    I have emailed the dealer salesperson and asked for more details on how the $395 was calculated and then go from there in negotiating.

    Any feedback you can provide would be appreciated!

    Thank you!

    .00100 is the base MF, but 61% is the 36/15 residual. The 36/10 residual is 64%.

    Without the MSRP and selling price/CAP cost, no idea if $395/mo. is reasonable, or not.

    --------------------------------

    Thanks for your reply. Here are the details that the dealer quoted for the lease offer:

    2016 Subaru Outback 2.5i Premium (no add-ons)

    1. MSRP - $26,750
    2. Agreed upon price for lease - $25,000
    3. Acquisition Fee - $595
    4. Gross Cap Cost - $25,595
    5. Residual 64% - $17,120
    6. Mileage - 10,000/year
    7. Term - 36 months
    8. Money Factor - 0.00100
    9. Base Monthly Payment - $278.14
    10. Sales Tax - $700.91
    11. Document Fee - $349
    12. Registration - $300
    13. Tire Tax - 7.50
    14. Cash Required upfront - Items 9 through 13 equals $1,635.55

    A few questions:

    - Does this seem like a good lease offer at $278.14/mo based on the information above?
    - Do you see anything I can potentially negotiate on more, such as eliminating or reducing any fees?
    - Does the sales tax appear correct for the state of New Jersey?
    - Do the numbers all add up with the residuals/money factor and the monthly price?
    - What is your opinion of the MSRP and agreed upon price for the lease that the proposed? Sound competitive?

    My thoughts are that it does seem competitive and aggressive, but I think I might be able to at least negotiate on a few items, since I haven't countered and I just asked them to provide me their best offer since what I was looking for an offer that I "could not refuse", since I have a good running car already, but it's 15 years old and I told them I'd just like something new at this point.

    Your help will be greatly appreciated since I'd like to make a decision on this quickly.

    Thanks so much for your help! :) This forum is awesome.
    My calculations are within a penny of the dealers, so no surprises there.

    You may be able to negotiate a better selling price; we don't track those, so don't know how much lower you could go. Use the "make / model / year" pull downs at the top of the page to link to the price tools.

    One fee I do not see is the acquisition or bank fee .. this if $595 and is charged by Subaru Motors Finance for every lease. All the other fees are reasonable and expected for NJ. Can be paid up front with everything else or added to the selling price.

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  • itsagoitsago Member Posts: 4
    Hello -

    I'm going to lease a 2016 Outback 3.6R Limited this month (March). This will have the moonroof, nav, eyesight package. Can you tell me what the money factor and residual should be for a 36 month, 12k mile per year lease in Colorado? Thank you!
  • carrookcarrook Member Posts: 27
    Same question: 2015 Outback, 3.6 with option 23 package, loaded. 36 month / 12k per year. Michigan (dealer is Illinois if that matters).

    thank you.
  • evahnulahmevahnulahm Member Posts: 19
    I just got quoted a MF = .00170 and residual of 63% for a 36/12 on a 2016 2.5 Limited with eyesight in South Carolina. Can someone confirm if that is the correct MF and not marked up?
    Thanks
  • carrookcarrook Member Posts: 27
    Note: regarding my post above, I'm getting lease quotes at 63% residual (actually went up for March) and a .00120 MF. Hopefully I can work that MF down.
  • MichaellMichaell Moderator Posts: 262,649

    I just got quoted a MF = .00170 and residual of 63% for a 36/12 on a 2016 2.5 Limited with eyesight in South Carolina. Can someone confirm if that is the correct MF and not marked up?
    Thanks

    Base MF looks to be .00120 in March, so it is marked up the maximum allowed.

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  • MichaellMichaell Moderator Posts: 262,649
    carrook said:

    Note: regarding my post above, I'm getting lease quotes at 63% residual (actually went up for March) and a .00120 MF. Hopefully I can work that MF down.

    If you have top tier credit, that is the lowest the MF can be. Subaru doesn't have MSD.

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  • carrookcarrook Member Posts: 27
    Wow, wasn't the MF .00105 for February? Seems that is a fair increase in the MF in one month.
  • MichaellMichaell Moderator Posts: 262,649
    carrook said:

    Wow, wasn't the MF .00105 for February? Seems that is a fair increase in the MF in one month.

    Subaru is having no problem selling or leasing every Outback they build. Marketing must have felt that an increase in the MF could be built in without affecting sales volumes.

    Supply and demand.

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  • itsagoitsago Member Posts: 4
    I didn't see what the MF and residual will be for a 3.6R Limited at 36/12. Would you mind letting me know?
  • MichaellMichaell Moderator Posts: 262,649
    itsago said:

    I didn't see what the MF and residual will be for a 3.6R Limited at 36/12. Would you mind letting me know?

    Sorry, I didn't have them earlier today.

    63% and .00120

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  • itsagoitsago Member Posts: 4
    Michaell said:



    Sorry, I didn't have them earlier today.

    63% and .00120

    You're very helpful. Thank you!
  • outbacknjoutbacknj Member Posts: 3
    Hi there,

    What is the MF/Residual for a 2016 Outback Premium 2.5i lease 36 months/10K miles per year in New Jersey. I'm wondering if there is a change for March. Thank you so much!
  • MichaellMichaell Moderator Posts: 262,649
    outbacknj said:

    Hi there,

    What is the MF/Residual for a 2016 Outback Premium 2.5i lease 36 months/10K miles per year in New Jersey. I'm wondering if there is a change for March. Thank you so much!

    66% and .00135

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  • burneedoggburneedogg Member Posts: 25
    edited March 2016
    Hi there! Can you please provide the MF and RV% for a 2016 Limited 2.5i in Wisconsin? Tier 1 and Tier 2 credit (right between the two at the moment). Thanks! 36/15k.
  • MichaellMichaell Moderator Posts: 262,649

    Hi there! Can you please provide the MF and RV% for a 2016 Limited 2.5i in Wisconsin? Tier 1 and Tier 2 credit (right between the two at the moment). Thanks! 36/15k.

    61% and .00120 for Tier 1 (700+ score). Tier 2 will be .00145 (680-699)

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  • tek0166tek0166 Member Posts: 4
    I am looking at Leasing a 2016 3.6R Outback with the moonroof/eyesight package. I was wondering what the March 2016 MF and residual % are for this setup. I live in CT
  • MichaellMichaell Moderator Posts: 262,649
    tek0166 said:

    I am looking at Leasing a 2016 3.6R Outback with the moonroof/eyesight package. I was wondering what the March 2016 MF and residual % are for this setup. I live in CT

    What lease term and how many miles per year?

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  • zachwaczachwac Member Posts: 1
    Looking to lease a 2016 Outback 2.5 Limited with moonroof/eyesight package, 12k for 36 months. New to leasing and negotiated a price of 32,853 (35037 MSRP), down payment of 2100 (includes MN Tax $1355, Gov't fees 443.75) and monthly payments of $349. The Residual value was said to be $22,423. The MF is .00170 and Residual % .64 is this decent? Does this all work out correctly? Would you lease this car at these figures? Thanks!
  • MichaellMichaell Moderator Posts: 262,649
    zachwac said:

    Looking to lease a 2016 Outback 2.5 Limited with moonroof/eyesight package, 12k for 36 months. New to leasing and negotiated a price of 32,853 (35037 MSRP), down payment of 2100 (includes MN Tax $1355, Gov't fees 443.75) and monthly payments of $349. The Residual value was said to be $22,423. The MF is .00170 and Residual % .64 is this decent? Does this all work out correctly? Would you lease this car at these figures? Thanks!

    The 36/12 numbers for the 2.5i Limited are .00120 and 63%, so the dealer is marking up the MF and the residual is for a 10K lease.

    So, no, I would not lease a car with those numbers. Politely but firmly tell them you won't sign a deal with an inflated MF.

    Your prices and MF give me a payment of $384/mo - not sure how the dealer gets to $349.

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  • brahmambrahmam Member Posts: 6
    edited March 2016
    Michaell,
    From San Diego, CA:
    Got a quote for 2016 Prem with EyeSight package for Sale price of $28,805 at a local dealer (before TTL). Also offered a White premium with ivory interior with NAV/MRF/RPG for the same amount.
    The breakdown:
    $351.14/mo for 36months
    + $1000 upfront down that included dealer and reg fees.
    + Residual of $20,163
    At 770+ on credit score.

    They never obliged my request for MF and pressured us into leasing it right away even after the dealership closed to meet some weekly numbers.

    I can't get the math right, the numbers seem off.
    Please advise.

    Thanks!!
  • kyfdxkyfdx Moderator Posts: 266,190
    brahmam said:

    Michaell,
    From San Diego, CA:
    Got a quote for 2016 Prem with EyeSight package for Sale price of $28,805 at a local dealer (before TTL). Also offered a White premium with ivory interior with NAV/MRF/RPG for the same amount.
    The breakdown:
    $351.14/mo for 36months
    + $1000 upfront down that included dealer and reg fees.
    + Residual of $20,163
    At 770+ on credit score.

    They never obliged my request for MF and pressured us into leasing it right away even after the dealership closed to meet some weekly numbers.

    I can't get the math right, the numbers seem off.
    Please advise.

    Thanks!!

    Can't calculate a payment without the MSRP

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  • brahmambrahmam Member Posts: 6
    edited March 2016
    kyfdx said:

    brahmam said:

    Michaell,
    From San Diego, CA:
    Got a quote for 2016 Prem with EyeSight package for Sale price of $28,805 at a local dealer (before TTL). Also offered a White premium with ivory interior with NAV/MRF/RPG for the same amount.
    The breakdown:
    $351.14/mo for 36months
    + $1000 upfront down that included dealer and reg fees.
    + Residual of $20,163
    At 770+ on credit score.

    They never obliged my request for MF and pressured us into leasing it right away even after the dealership closed to meet some weekly numbers.

    I can't get the math right, the numbers seem off.
    Please advise.

    Thanks!!

    Can't calculate a payment without the MSRP
    MSRP: 30960
    Sale Price: 28805
    $351.14/mo for 36months
    + $1000 upfront down that included dealer and reg fees.
    + Residual of $20,163

    Also, could you also provide the MF and residual for San Diego for 2016 Outback Premium and 2016 Outback Limited (both without any further add-ons)? Much appreciated. 12k/36mos & 10k/36mos.

    Thanks!
  • brahmambrahmam Member Posts: 6
    Also, I am assuming this is for our calculation purposes. The numbers for RV and MF you provide - how do you determine them? Just for education :)
  • kyfdxkyfdx Moderator Posts: 266,190
    brahmam said:

    kyfdx said:

    brahmam said:

    Michaell,
    From San Diego, CA:
    Got a quote for 2016 Prem with EyeSight package for Sale price of $28,805 at a local dealer (before TTL). Also offered a White premium with ivory interior with NAV/MRF/RPG for the same amount.
    The breakdown:
    $351.14/mo for 36months
    + $1000 upfront down that included dealer and reg fees.
    + Residual of $20,163
    At 770+ on credit score.

    They never obliged my request for MF and pressured us into leasing it right away even after the dealership closed to meet some weekly numbers.

    I can't get the math right, the numbers seem off.
    Please advise.

    Thanks!!

    Can't calculate a payment without the MSRP
    MSRP: 30960
    Sale Price: 28805
    $351.14/mo for 36months
    + $1000 upfront down that included dealer and reg fees.
    + Residual of $20,163

    Also, could you also provide the MF and residual for San Diego for 2016 Outback Premium and 2016 Outback Limited (both without any further add-ons)? Much appreciated. 12k/36mos & 10k/36mos.

    Thanks!
    Premium: .00135 MF and 65%/66% residual
    Limited: .00120 MF and 63%/64% residual

    Assuming your deal above is for 10K/yr, and the selling price is the CAP cost, I get $307/mo.+tax.

    If $1000 is the total amount due at signing, that's probably not enough to cover 1st payment and all fees, though.. Your CAP cost might be a little higher than the sale price.

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  • MichaellMichaell Moderator Posts: 262,649
    brahmam said:

    kyfdx said:

    brahmam said:

    Michaell,
    From San Diego, CA:
    Got a quote for 2016 Prem with EyeSight package for Sale price of $28,805 at a local dealer (before TTL). Also offered a White premium with ivory interior with NAV/MRF/RPG for the same amount.
    The breakdown:
    $351.14/mo for 36months
    + $1000 upfront down that included dealer and reg fees.
    + Residual of $20,163
    At 770+ on credit score.

    They never obliged my request for MF and pressured us into leasing it right away even after the dealership closed to meet some weekly numbers.

    I can't get the math right, the numbers seem off.
    Please advise.

    Thanks!!

    Can't calculate a payment without the MSRP
    MSRP: 30960
    Sale Price: 28805
    $351.14/mo for 36months
    + $1000 upfront down that included dealer and reg fees.
    + Residual of $20,163

    Also, could you also provide the MF and residual for San Diego for 2016 Outback Premium and 2016 Outback Limited (both without any further add-ons)? Much appreciated. 12k/36mos & 10k/36mos.

    Thanks!
    36/12 numbers:
    Premium - 65% and .00135
    Limited - 63% and .00120

    Add 1% for 10K

    Using your MSRP and selling price with the 36/12 Premium lease numbers, I get $307/mo plus tax.

    Ask for the net cap cost - if higher than the selling price, have the dealer explain what's been added.

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    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • brahmambrahmam Member Posts: 6
    @kyfdx and @Michaell Thanks for the numbers!
  • brahmambrahmam Member Posts: 6
    @Michaell I am unable to replicate the numbers of 307+tax. I created an excel sheet using formulas from leaseguide.com but they seem to be a little off. Any advice who best to do this?
  • MichaellMichaell Moderator Posts: 262,649
    brahmam said:

    @Michaell I am unable to replicate the numbers of 307+tax. I created an excel sheet using formulas from leaseguide.com but they seem to be a little off. Any advice who best to do this?

    Can't help you with the leaseguide stuff; try this article instead:

    http://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

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    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • brahmambrahmam Member Posts: 6
    Thanks!
  • digidogrobdigidogrob Member Posts: 1
    Hi all,

    Brand new here and also new to leasing. I am looking at...

    2016 Outback 3.6R Limited
    • Option Package 23: Moonroof Package + Keyless Access with Push-Button Start + Navigation + EyeSight
    • Popular Package#5: Ext. Auto-Dimming Mirror w/BSD/Approach Lighting, Rear Bumper Cover, All Weather Mats, Splash Guards, Rear Seatback Protector
    • Trailer hitch
    • Body side moldings (Lapis Blue)
    MSRP: $38,877
    Quoted: $36,107 (includes freight)
    Can put $2,000 down.

    I want to determine a fair lease cost on a 3-year, closed end lease with either 12K or 15K mileage/year.

    What additional information is needed to determine a lease cost?

    Thanks,
    Rob
  • MichaellMichaell Moderator Posts: 262,649

    Hi all,

    Brand new here and also new to leasing. I am looking at...

    2016 Outback 3.6R Limited

    • Option Package 23: Moonroof Package + Keyless Access with Push-Button Start + Navigation + EyeSight
    • Popular Package#5: Ext. Auto-Dimming Mirror w/BSD/Approach Lighting, Rear Bumper Cover, All Weather Mats, Splash Guards, Rear Seatback Protector
    • Trailer hitch
    • Body side moldings (Lapis Blue)
    MSRP: $38,877
    Quoted: $36,107 (includes freight)
    Can put $2,000 down.

    I want to determine a fair lease cost on a 3-year, closed end lease with either 12K or 15K mileage/year.

    What additional information is needed to determine a lease cost?

    Thanks,
    Rob
    First, let me congratulate you on your outstanding choice of vehicle. My wife has a 2015 Outback 3.6R in Wilderness Green and loves it.

    The current lease numbers for 36/15 are 61% and .00120. Add 2% for 12K.

    Using your MSRP and quoted prices, I get a payment of $416/mo before tax.

    I would get the dealer to give you a breakdown of how the $2000 will be used - there is the first payment, acquisition fee, dealer fee, DMV costs.

    We do not recommend making a "down payment" on a lease - if the car is stolen or totaled, you lose that money.

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    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • rbecker69rbecker69 Member Posts: 1
    Looking at doing my first lease ever. I've been quoted the following:

    Outback 2.5i Limited
    Eyesight package (moonroof, keyless access, push button start, nav, etc.)
    PZEV
    Auto-Dimming Mirror, Approach Lighting, Rear Bumper Cover, All Weather Mats, Splash Guards, Rear Seatback Protector, etc.

    MSRP: $35,176
    Quoted: $31,976
    3 year/12k
    $1800 down

    $355/month

    Sound right or am I getting squeezed a little?
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