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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I'm also trying to decide between Subaru models. I got an intitial email quote on an 09 Tribeca Special Edition 7 passenger. It was $497 a month on a zero down 36 month lease. I suspect that is why no one is leasing them right now. Car Man will have to help with the actual numbers. I didn't investigate any further.
Subaru is currently providing a $1000 dealer cash incentive on this model which is compatible with the above lease program.
Car_man
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This vehicle's 48 month lease program is terrible, but Subaru seems to be pushing 42 month leases of it right now. The numbers for an otherwise identical 42 month lease are .00120 and 45%.
When negotiating your lease, make sure to take advantage of the $1,000 dealer cash that is currently available on this model.
Car_man
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The money factors for an otherwise identical lease of a 5 Passenger Special Edition are the same, but its residual values are 2% higher.
Car_man
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What are the current money factors and residuals for a 2009 Subaru Tribeca Special Edition 5 passenger for 36 and 39 months, 10,000 miles per year? I live in Omaha, NE 68101. Thanks.
When negotiating your lease on this vehicle, make sure to take advantage of the $2,500 cash incentive that is currently available on it.
Car_man
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I'm new to the lease game and I don't understand what the money factor and residual factor have to do with calculating a lease payment. Can you assist in mapping those figures for what I might propose to a dealership in Houston, TX?
Lease payment = Depreciation Fee + Finance Fee (aka Rent Charge) + Sales Tax
Depreciation Fee = ( Net Cap Cost – Residual ) ÷ Term
(Cap cost is sale price, Net Cap Cost is sale price minus any down payments, rebates, PLUS any and all fees)
Finance Fee = ( Net Cap Cost + Residual ) × Money Factor
The most common method is to tax the monthly lease payment at the local sales tax rate. This means you only pay tax on the part of the car you lease, not the entire value of the car. For example, if your local sales tax rate is 5%, simply multiply your monthly lease payment by 5% and add it to the payment amount to get your total payment figure. Depreciation Fee + Finance Fee = Xy. Xy + Tax Rate = YOUR MONTHLY PAYMENT.
In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible on the vehicle that you want and then have the dealer calculate your monthly payment using its buy rate lease money factor.
Check out the linked articles and let us know if you have any other questions.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I had two dealers competing against one another. Original offer was $377 from one dealer. Second dealer offered $363, first dealer countered to $360.00. Second dealer offered to match that $360 again and trailer the Tribeca to me for free but I didn't want their Quartz Silver, just wanted to use them as leverage against my local dealer so I could get a cheaper monthly payment.
I don't see how anyone could possibly get a lower monthly payment than this. The dealers were acting like I took their first born. At $377 dealer said they were only making $450 total profit. Yeah right.
Thank you for detail on such nice deal, I'm in NJ are and looking for a deal for 2009 Tribeca Limited 5pas 39M/10k with same MSRP, can you tell me what dealership your work with. I will be glad to get same deal as you are
Thank you
Does anyone have the June 2009. Money Factor and Residual.
Thanks
Do you have the June lease numbers for a Tribeca Limited 5pass with NAV 12,000 miles per year
Thanks.
When negotiating your lease on this vehicle, make sure to take advantage of the $2,500 cash incentive that is currently available on it.
Car_man
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(MSRP- $35,669, the dealer took slightly over $5000 off of MSRP)
Based on 36-month, 15000 miles/yr and $2500 down, monthly payment including tax is over $530 (the residulal value is 48%).
Car_man, can you give me some idea if this is too high in Northern VA area and what monthly payment might be reasonable.
P.S. What's tax rate in VA?
Thanks
Have a good weekend
M
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At least it's tax deductible for 2009.
Wow, that's a lot less than the $530 per month that you were quoted, even if the quote that you received includes sales tax, Something's off on the payment that the dealer gave you. I used a money factor of .00120 and a residual value of 45% to calculate the payment that I came up with.
Car_man
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Do you have the July lease numbers for a Tribeca Limited 5pass with out NAV 12,000 miles per year.
Thanks.
When negotiating your lease on this vehicle, make sure to take the $2,500 cash incentive that is currently available on it into account.
Car_man
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I am looking at the Tribeca Limited 2009 for a lease in PA (15K) with 6% PA Taxes. We are putting 5K down. Thanks for any help!
Can you please provide the lease numbers (mf & resid) for a 7 passenger Special Edition and 7 passenger Limited w/Nav for a 24 month / 15k mi / yr lease. Can you please also list any lease support that's provided.
Thanks
Car_man
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I gave you the info for three year leases because Subaru is not currently supporting two year leases. Its money factors for two year terms are much higher, and in turn less attractive, than its two year factors.
When negotiating your lease on this truck, make sure to take advantage of the $2,500 cash incentive that is currently available on it.
Car_man
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Thanks for responding. I was looking for the 24 month numbers (15 k mi/yr). Can you please post those.
Thanks
Car_man
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Jason
Outback gets 4 stars, but the Impreza and Forester get 5. Look at the Forester for the very best lease terms in the Subaru lineup.
2009 Tribeca Ltd. w/ NAV & RES 7,600 miles. Sticker from dealer was around 32,000 I am considering oferring 30,000. Do you think that is too high or too low. Should I ask for 29k?
KBB says the suggested retail value is $35,305 in excellent condition.
Subaru's October buy rate lease money factor and residual value for a 36 month lease of a base 7 Passenger 2009 Tribeca with 10,000 miles per year are .00120 and 44%, respectively. The numbers for an otherwise identical 39 month lease are .00120 and 42%.
This lease program is only scheduled to run though November 2nd. It is difficult to say what its December program for this truck will be like at this point.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The Tribeca's residuals were great at first but I guess Subaru backed off a bit from supporting those.
Car_man
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I see the 2010 Tribecas are finally out. Could you please provide the 36 month, 10,000 mile lease numbers for the Premium and Limited Trim levels?
Thanks.
Subaru's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Tribeca Premium with 10,000 miles per year are .00165 and 48%, respectively.
The numbers for an otherwise identical lease of a '10 Tribeca Limited are .00220 and 48%.
Car_man
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