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2013 and earlier-Subaru Legacy Lease Questions



  • ateixeiraateixeira Posts: 72,587
    It really comes down to this - do you like turbos? The GT will give you that kick in the pants. The TSX is fun but just can't match the GT for acceleration.

    Then ask yourself: will benefit from AWD? Do you get a lot of snow?
  • Car_Man or others,

    Do you have the current residuals and Money factors for a 24 and 36 mo lease 12K and 15K miles per year for the Legacy GT limited?

  • :
    Feb 24, 2008
    Hi does anyone have thoughts on the Legacy Elite offered by Bill Kolb dealership

    I know the dealership has some negative posts but can someone give me an honest opinion on the lease deal. 177

    $995 down, 177 a month 10k (.15after).
    the deal appears Ok to me but I'm a newbie.

    I will not be putting much mileage on the car and probabaly wont go over the 10k a year. It's a manual whcih is Ok by me.

    thanks for any input
  • ateixeiraateixeira Posts: 72,587
    It's not a factory package. There is not official Elite model, so this is a dealer package.

    The price sounds good but that is very low mileage, make sure to account for the extra miles you may travel.
  • Hello, Could you price up the cap and residuals on a 2008 Legacy Limited 2.5 with VIP program (invoice pricing). Ive been told that $750 back is the only deal right now.. Any other deals to look for? What should I bargain on with price set on invoice?

    12K 36 mo.
    12k 39 mo.

    Area code 925 Zip 94518

  • dsn112dsn112 Posts: 2
    Looking to lease a limited in Philly/S Jersey area. What is the residual and money factor for a 24 and 36m lease and I need 15,000 miles.

    If its not much more for the GT I would consider that also.
  • david2udavid2u Posts: 33
    I just got a deal and need to know if I did ok.

    Legacy special edition, automatic, 10K per year, no money down (I pay the taxes and fees up front..1,440) 24 months @ 225.61

    It seems like a great deal?

  • A Pittsburgh area dealer - Day Subaru -is advertising the 2.5 i S/E w/automatic for $199/mo "sign and drive" lease for 24 mo.
  • I have a current offer and I was wondering what some of you thought. It's for a 2008 2.5i Limited (non-GT) with VDC (standard now?).

    The agreements are:
    12k mi
    No down (absolutely 0)
    Money factor is 0.0012
    Residual Value is $17,204
    Selling price is $22,347
    With a $500 gas card

    With these figures the monthly payments would be $325 which is a bit high, but this is with 0 down. Good deal?
  • I have now gotten the selling price down to $21,700 but without the gas card. Those are the only differences. I've been negotiating only on selling price and so using the Edmunds payment calculator, it turns out to be $293.

    How is it looking? car_man?
  • navyjaynavyjay Posts: 5
    How long is the lease for? 24 months?
  • That's right. 24 months
  • research1stresearch1st Posts: 23
    A Subaru dealer in WNY is offering the following Legacy lease:
    24month/10k year/$176 month/$999 down. The internet salesman said the offer does include automatic transmission but the payment would jump to $186/month for 12k/year. I don't know much about leasing but this does sound like a good deal to me. I'm only interested in a short term lease and this seems to be the best overall deal around. Is there a better deal out there? How could I get the VIP invoice price deal mentioned earlier in this thread?
  • tjones39tjones39 Posts: 31
    I am also looking to lease a 2008 Legacy Special Edition. Looking for 24 month term. Carman or anyone know what the residual and money factor is for 10k, 12k and 15k miles? Any help is much appreciated!!!

    Currently the best deal in California I see so far is 10k miles, 24months, $166 per month now but was $159 month last month with $999 out of pocket.
  • tjones39tjones39 Posts: 31
    Okay I just Leased a new 2008 Legacy special edition that has the sunroof and automattic transmission. A beautiful Pearl White color with tan interior, this car is way nicer and drives better than the oh so boring Toyota Camry. Still nicer than the Altima, Mazda 6 and Malibu also.

    Here is the smokin lease deal my wife and I received. First the Advertised price was $159 month $999 out of pocket total, 10k miles for 24 months. However with the miles we drive and at .15c per mile over I asked for 12k and 15k mile. The 12k was $168.78 and 15k miles was $178.72 all this with $999 total money our of pocket. Subaru must be subsidizing these well right now for the total msrp and what the other competitors are currently leasing for my guess is this car is about $75+ under per month right now. We bought in Los Angeles Sherman Oaks Subaru but they matched the Puente Hills Subaru special lease on this for me since they had the only pearl white car in all of So. Cal right now.
  • ateixeiraateixeira Posts: 72,587
    Congrats, the deal does sound sweet.
  • 2panther2panther Posts: 20
    this is the response I got from a local dealer for a 2008 Legacy 2.5i Limited, does it look like a fair deal?

    "I used a Diamond Gray Legacy 2.5i Limited that we currently have in stock. It has an MSRP of $25,473 and a factory invoice price of $24,050 including freight, splash guards, and rubber mats. Your selling price is $23,775 or $275 under factory invoice. There is also a $1000 rebate included in the calculations. The 24 and 36 month money factor is .00170. For 24 months the residual percentages are 68% for 12k and 67% for 15k. 36 month residuals are 56% and 55%. Any other questions?"
  • ateixeiraateixeira Posts: 72,587
    If the $1000 rebate is included, doesn't that mean the price is actually $750 above invoice?

    Or did he reduce the "invoice" price?
  • 2panther2panther Posts: 20
    forgive me but I don't quite follow you ateixeira, can you elaborate?
  • 2panther2panther Posts: 20
    [quote=research1st]A Subaru dealer in WNY is offering the following Legacy lease:
    24month/10k year/$176 month/$999 down. The internet salesman said the offer does include automatic transmission but the payment would jump to $186/month for 12k/year. [/quote]

    could you please tell me which dealer in WNY gave you that offer?
  • ateixeiraateixeira Posts: 72,587
    They said:

    "factory invoice price of $24,050 including freight, splash guards, and rubber mats. Your selling price is $23,775 or $275 under factory invoice. There is also a $1000 rebate included in the calculations"

    OK, so factory invoice is $23,775. Normally you subtract the rebate, so it would drop to $22,775, and $275 below that would take your final price to $22,500.

    Or, do they mean it's $23,500?

    So the question is, was the invoice $24,775, and they already reduced the price? Or are they keeping the $1000 when they say it's already been factored in?

    Their wording is a bit ambiguous. You can look up the invoice prices to find out what they mean, or e-mail them to clarify.

    Dealers can be sneaky.

    I went to buy a car for "$1 over invoice" one time, and when I got there they tried to add freight. Freight is included in the invoice! So they were trying to make me pay for freight twice. :mad:
  • 2panther2panther Posts: 20
    I got a response asking about the $1000 he "took off"

    "The rebate is taxable so it is not taken off of the selling price." was his response

    That doesn't sound right to me but I'm new at this which is why I'm here, thanks!
  • ateixeiraateixeira Posts: 72,587
    Hmm, just make sure that YOU get that $1000, and not the dealer.

    I know what they mean, though. It's the same here in MD. You pay sales tax on a rebate, but not on a dealer incentive that the dealer passes on to you.

    Just make sure they pass it on to you! ;)
  • research1stresearch1st Posts: 23
    The offer I posted was from the internet department at Northtown Subaru in Amherst, NY. Please keep us posted on the details of any deals that you are offered as well. Good luck!
  • research1stresearch1st Posts: 23
    Well...did you contact Northtown Subaru or any other dealer in WNY???
  • 2panther2panther Posts: 20
    Sorry I've been away and haven't posted. The search continues...

    I didn't haggle at all yet since it's 92 degrees outside and it felt the same temp in the dealership and I was sweating like a hostage. Had to get out of there.

    Here is the deal...

    2008 Subaru 2.5i Limited
    Selling Price: $23718.00
    Trade Allowance: $0
    Less Payoff: $0
    Cash Deposit: $0
    Cash on Delivery: $0
    Rebate: $1000

    3 year, 36k miles
    Rate/APR (money factor??) 0.00160

    MSRP Amount: $25265.00
    Residual: 56%
    Amount: $14148.40

    Payment Amount: $350.72
    Drive Off Amount Due: $350.72

    How does that sound? That's everything except 1st payment rolled in. Any room for improvement?


    Scan of deal workup paper
  • 2panther2panther Posts: 20
    anyone? carman?

    echoooo echoooo :D
  • 2panther2panther Posts: 20
    nobody has an opinion?

    when I look at for the invoice for a 2.5i Limited with VDC I see $22,890

    according to their workup sheet the selling price is $23,718 which isn't too far off the invoice price as I understand it. If this looks good I will be making this deal this week!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi 2panther. The money factor that you were quoted for this car looks slightly high. Subaru's buy rate for a 36 month lease of an '08 Legacy 2.5i Sedan is currently only .00120. Make sure that the dealer you are working with uses that factor to calculate your monthly payment.

    You aren't being given enough of a discount on this car for my taste either. After the $1,000 cash incentive that Subaru is currently providing on this model is taken into account, you are only being given a dealer discount of around $550. This car probably has a spread of around $2,500 between its full MSRP and its dealer invoice price. I personally would want at least another grand off of its selling price. Of course, this may be easier said than done if there isn't a lot of competition in your area.

    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi 2panther. Please see my previous post for my response to your questions.

    Prices Paid: Buying & Leasing Experiences Forum
This discussion has been closed.