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2013 and earlier-Subaru Forester Lease Questions
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Did you contact Thousand Oaks or Sherman Oaks dealerships? I've been looking at their inventories, both have a fairly decent number of Foresters sitting on the lots..
thx
I have a question for you - we got our lease a few days before you responded. Our lease is 36 month, 12,000 miles for a Forester XT. the dealer gave us the 62% residual, however, our money factor is .002XX (i don't have my numbers in front of me, but it was something like .00246 or something like that)
We SPECIFICALLY asked about the money factor and the salesman and the finance guy said that they don't control the money factor. That it could only go up, it could not go down.
Was this a lie? Do I have any recourse? And if I went back to the dealership and called them on this, what kind of support could I use? (not sure, "the car man from the internet said so" , would work
thanks for all your help! we do love our car! but it really makes me upset if they sat there and lied to my face!
Car_man
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Car_man
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Car_man
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Thanks in advance!
Would anyone mind teaching me or pointing me to where I can teach myself about residual value & money factor. I'm smart enough to know the Northern NJ Subaru dealer was trying to rip me off, but I'd rather be armed with this type of information next time. Thanks so much. JRon
PS. For giggles here were the original deals(jokes) offered:
2009 Forester w/premium package/manual - Msrp 22,495/Invoice 21,171
24 month/10k/0down = $539 per month
36 month/10K/0down = $449 per month
on a 25.x limited
Total out of pocket $1150
$379 per month
How does this offer sound?
MSRP
RESIDUAL
SALE PRICE (CAP COST)
FEES (NET CAP COST)
Whether or not that $379 included sales tax.
Where did the out of pocket $1150 go? Was it to pay fees, dmv, 1st payment, etc? Or did you actually put money against the sale price?
I will get all the numbers tonight. The taxes were rolled into the monthly payments.
The out of pocket was 1st payment, bank fee, sec deposit. I don't recall if the MV fees were put in here.
MSRP multiplied by the residual % = Residual Value.
Cap cost is the sale price of the vehicle including all rebates etc.
Net Cap Cost is the sale price and all discounts PLUS any and all fees.
Money factor is basically the interest rate charged for the lease.
NET CAP COST minus RESIDUAL divided by term in months = YOUR BASE PAYMENT
NET CAP COST plus RESIDUAL multiplied by MONEY FACTOR = RENT CHARGE
Add YOUR BASE PAYMENT plus RENT CHARGE = YOUR LEASE PAYMENT
Add your sales tax to monthly payment for total payment
I am more interested in the XT model. The price give to me for that model was based on an MSRP of 28,115
With leather the monthly costs for the 09 xt was $394 per month with 1285 out of pocket which includes Bank fee, 1st payment, and plates. No sec deposit.
Nias thanks for the formula. I am a newbie to leasing. I have always owned cars.
Car_man
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Car_man
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Car_man
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Check them out and let us know if you have any specific questions that they spark or don't understand something.
Car_man
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Are the lease numbers on the 2009 Forester 2.5X Limited, 10,000 miles per year different than the 2.5X Premium? I think the low mileage gives +1% residual but is the money factor different on the Limited vs Premium?
It appears as though the residual on a outback is 55% and the forester is 61%.
We have a VIP option on a purchase through ASHA. We are meeting the dealer this saturday the 8th and would like to have more information in our tool belt so that we can make the best decision. With the technology changes we really think the lease is a good option, but we really do not know how it will be presented.
Help!
We have also looked at the Saturn Aura approx same price but not AWD.
What is Subaru's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Forester 2.5 X Premium + All Weather Pkg with 10,000 miles per year? How often do these numbers change? I have an appointment with a dealer tomorrow, but probably won't pull the trigger until Jan 2009.
Thanks.
I've been shopping for a lease. I am looking for the 2009 base model with an auto tranny. Here is my lowest offer so far:
36 month/10k per year
$3250 upfront ($2200 for CCR, rest is for everything else, including 1st payment)
$185/month +5% tax for 35 months
This works out a little over $10k payout for 3 years. I will solidify the net cap cost and MF and residual at transaction, but I thought it would be easier if I was able to get the dealers I contacted to give me the "out of the door" price with similar up front costs so I can get an apples to apples comparison. Am I missing something in my math, or does this seem to be a good deal? State is Massachusetts.
Thanks
I don't know if anyone has advised you not to put that $2,200 down towards cap cost reduction or not. General consensus, myself included, is that it is a dangerous gamble to put money down on a lease. If your newly leased car is stolen or totalled in an accident, you are out that $2,200. No insurance company will reimburse you for your downpayment. Really, you are better off putting that down payment money in a savings account and paying your slightly higher monthly payment with it. It is possible that a garbage truck flattens your Forester when you pull out of the dealership.
Car_man
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Also, how much, if at all, would manual transmission lower the residual?
Thank you!
Premium w/ All weather
$23,099 - $500 (Car show coupon) = $22,599
36 mo/ 12K lease for $299/mo with only about $500 down.
Thats hard to beat.
Looking into a 36 mo./36,000 mi. lease.
Thanks!
No down payment (except first month and title, of course), $297 per month, $315 total payment with taxes. Thoughts?
I'm getting ready to make a deal and would appreciate anyone's updated info as to residual and money rate. Your help is greatly appreciated. Hope to be a Forester owner soon.
Car_man
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Thanks.
Invoice/ sale price $25,544
Money Factor = .00175
Residual = 59% = $16220.20
Tax rate = 7.75%
Payment = $379 inc tax
$713 1st payment & fees
When I run these #'s on my own I come to $357/mo. Not sure why the difference. Also should I expect to be able to get the price under invoice? I was thinking I should be able to get about $1000 under?
3 year/36,000 lease. Residual 62%, money rate .00175. $284/mo. with sales tax, title, license, acquisition fee, and first month paid up front.
Thanks for all the great info here!
We are at the end of a long road of research and leaning toward the 09 Forester over the Rav4. Haven't test drove the Mitsubishi Outlander and the CRV appears to be too underpowered. Anyway, that's a topic for another forum.
Seem to have gotten a good lease offer today, but they didn't have a color we liked and tried to get us to walk out with a red one we didn't want. Here are the deets:
XT Limited w/ Nav
- $28,995 estimated total cost
- 39 months
- 12,000 miles
- residual value and MF - unknown - we didn't get that far
- $1,000 prepayment (not sure of breakdown of that cost)
- total payments with tax $379
negotiated them from $2650 inital payment down to 1,000, and from 10k miles to 12k.
Edmunds calculator pegs this at $447 - looks like we had a good offer?
Thanks,
Eric
XT Limited w/ Leather and no Nav. Includes autodim mirror, cargo cover.
Pricing at/near invoice - 27,700
MF - .00175
Residual around 61% - 17k
36 months
Either -
No cash down, $716 incl. DMV and first month
$372 + tax = 403
2,000 down (aprox.1200 cash + DMV and first month)
$364 incl. tax
includes gap insurance
Both of these look like good deals to me for the XT Limited. The starting price is below Edmunds TMV, good residual.
Does the gap insurance cover the money down, if something happens to the car?
Make sense to get a Lojack (we are in a high theft area) if you have gap insurance and a lease?
Thanks,
Eric
Automatic
All-Weather package
Fog lights
Remote Starter
Luggage Compartment Cover.
12k / 36 months for $2,000 down @ $275.00/month
First dealer i went to i was quoted a ball park estimate of $330+ for just a 2.5X Premium, Auto with no options for 10k/36 with $1200 down...
2.5X Limited White
36mo 15k/ yr
Q9W Trailer Hitch
D9B Subwoofer Kit
K9D Auto Dim Mirror w/Compass and Homelink - Bulk
O9A Luggage Compartment Cover
P9J Rear Bumper Cover, Bulk
M9B Cargo Net Side
B8A Floor Mats, All Weather
MSV Wheel Locks
K9E iPod/Phone Console Tray
$382/mo with tax (7.75%) $0 down $670 due at signing.
Car_man
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