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-Looking for May numbers (MF/Residual Value) for leasing a Subaru Forester 2.5i Limited CVT/eyesight in CA 95051. Lease would be for 12K/36mo down payment $1k.
Can you help to estimate how low monthly pay i can get?
Much appreciated.
Need to know the MSRP and negotiated selling price to calculate a payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The monthly payment will be largely determined by the selling price you negotiate.
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Also, are there typically substantial differences in MF/RV month to month? I'm likely not going to lease until June/July, but trying to get my ducks in a row now. Thanks agains for your help
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Yes, the Subaru numbers are updated monthly.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Destination is part of the MSRP - if the dealer is breaking it out, that's disingenuous.
Dealer doc fee is bogus for anything over $50 - instead of negotiating it, simply adjust your offering price downward to compensate.
Dealer prep fee should be the same as the doc fee - if the dealer is charging both, might be time to find another dealer.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I understand the dealers have some flexibility with the MF (they can raise it up to .0005?), but should I be able to negotiate the MF if I very good credit ( 800ish)? Thanks for the additional info.
And yes, MF can be bumped .00050 by dealer.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
On a three year lease, an additional $1000 down will lower the payment around $28/mo.
Generally, there are good lease deals on the XT, right now. But, it might require shopping around and getting a bigger discount.
2 year leases are not cost effective on Subarus.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Sorry, Premium model. Also, what is the mileage charge if I exceed 45k at the lease termination?
Ironically ten years ago I did lease an Outback for two years. Took it back with only 24 additional miles over my limit :-)
Thanks much!
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Not sure if my lease calculator is off. A different dealer said he would sell me the XT Premium for $27,111, MSRP is $31,384. They have a $500 doc fee. So the lease pmt according to him is $291 + tax. Even if I marked up the MF to .00095 I come up with less than that... what do others get? I'm at $280, even if I include a $595 acquisition fee. Did I understand they are waiving those? If so, I'm at $263...
Thanks again!
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If you buy the car it's $500/mo. or more. I'd be pretty happy with a $310/mo lease payment, in comparison.
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Here is what he said back:
A 36 month lease at 15K miles/year with first month's payment plus tax plus the $4.74 Colorado state temporary permit fee due at signing has a monthly payment of $291 plus tax with approved credit.
Doesn't look like he rolled anything in... what did you come up with? I feel like the price is very good, agree? It's the finance part that I'm not sure about. Thanks!
36mo/12k lease
MSRP is $30.144 and selling price is $26,696.
Thanks
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
So if the dealer is telling me the MF is .00105 and I have good credit then they are just jacking it up?
Thanks
For the Limited, the max markup would result in a MF of .00090
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I confirmed my app is accurate with your online step by step guide. Thanks!
Appreciate your help so much.
Subtract $750 from that residual amount to account for the extra 7500 miles
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Many thanks in advance.
That would account for the difference.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks Michaell. My calculation does include $697.71 NJ sales tax at .06875%. I didn't mention it because I wanted the sanity check to be completely from scratch... But I can show my work if needed.
What cap cost are you using for your calculation?
Also recognize that the dealer can mark up the MF.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I'm using 27,500 + 300 + 299 + 595 + 697.71 which equals 29,391.71.
What cap cost are you using for your calculation?
Also recognize that the dealer can mark up the MF.
I'm using 27,500 + 300 + 299 + 595 + 697.71 which equals 29,391.71.
I get $310, as well.
Ask the dealer for their calculated tax amount, and the adjusted CAP cost
Also, ask what money factor they are using.
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The Legacy discussion is here:
https://forums.edmunds.com/discussion/42021/subaru/legacy/2017-subaru-legacy-lease-questions#latest
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Prem: .00045 MF and 66% residual
Tour: .00040 MF and 61% residual
No support for 24 month leases
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Interesting...wasn't the XT Premium over 70% a month or so ago?
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MSRP: 26870
Price: 25200
Term: 36/15
Cap cost reduction: 2000
Tax rate: 8.75%
Monthly payment = $213.47
(assumed 62% residual / 0.0008 MF)
Thanks!
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