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2013 and earlier-Subaru Outback Lease Questions
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Car_man
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Prices Paid Forum
Car_man
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Prices Paid Forum
I would be happy to estimate what this car's lease payment should be like right now for you, but in order for me to do so I need you to provide me with its selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. You may be able to get an idea of how much you should pay for this vehicle right now by visiting the following discussion: "Subaru Outback: Prices Paid & Buying Experience". Let me know what selling price you come up with and I'll crunch some numbers for you.
Car_man
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Prices Paid Forum
I'm writing from near Detroit. I've leased several vehicles but this would be my first Subaru. Would you have a look at these deals and let me know what you think? They're both for the same car, a 2007 Outback 2.5i manual transmission; MSRP 25,942, 12K miles a year:
2-year option:
24 months with 12k a yr with a total due at signing of $610.52 + plate; payment would be $290.72 with tax
24 months 12k residual is .67 and money factor is .00200 cap cost is $21,400
3-year option:
36 months with 12k with a total due at signing of $608.90 + plate; payment would be $289.10 with tax
36 months 12k residual is .59 and money factor is .00240 cap cost is $21,200
Thanks in advance!
What Lease Payment do you get with the following terms:
MSRP: 28,346
Sales Price: 25,453 (already includes incentives)
Residual: 15,590.30 (55%)
Money factor: .0026
Acquisition Fee: 595
First mos and security deposit waived
42 mos.
10,000 per year.
New Jersey
Option A
We were going to strip out the tax and title and pay that outright (1782 for tax and 371 for title and registration) plus zero additional down.
Option B
TTR + 1,000 down
Are these good deals? Am I missing something?
Thanks in advance
Car_man
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Prices Paid Forum
The base version of this vehicle has a spread of around $1,700 between its MSRP and its dealer invoice price. Add the $750 cash incentive to that and we have a total of around $2,450 to play with. You were quoted nearly a $2,900 discount on this vehicle, which looks like a very good deal to me. If you like it, I personally don't see any reason not to do this deal.
Car_man
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Prices Paid Forum
MSRP: 28,138 (does not 1000 LL Bean rebate, but residual worked off of 28,138)
Cap Cost: 23,490 (includes 750 lease cash and 1000 LL Bean Rebate)
Residual: 67% (12k/yr)
MF: .00265
24 month lease
ACQ Fee: 595
-Dan
Car_man
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Prices Paid Forum
The terms for a lease I'm looking at are:
Term: 42 mo
MF: .0025
Residual: 51% (13029) 15K miles/yr
Selling Price: $23640
MSRP: $25549
I'm looking at a $265/mo (or $298/mo with taxes ect rolled in). This includes a trade-in of $2100. Price includes incentives.
From what I have read, this sounds a like good deal? Any comments?
Thanks.
Car_man
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Prices Paid Forum
Nice forum you have here.
I have a 2005 Subaru Outback LL Bean 36-month lease, $418.22/mo. 12K miles/year allowance, currently only 23K miles on it. I have 6 months left on the contract. I have just purchased a 2005 Subaru Baja and no longer need the Outback. Can I turn in the car early? Even if I could, I imagine I would pay a penalty. I hope I don't have pay the remaining $2500 I would owe if I kept it until the end.
Thank you in advance.
- Art
-Brian
But this doesn't make good sense. That would cost more than if I waited until the end of the lease.
- Art
If the vehicle had more time left on the lease, he might be able to find someone to take over the lease. But, 6 months or less is probably a hard one to convince someone to take over. That's why I suggested finding someone to purchase and buyout the lease.
-Brian
Did you end up keeping the 2005?
-B
I'm looking at a leftover '07 Legacy Limited wagon, Diamond Grey w/black leather interior.
From the dealer:
52% residual
.0023 money factor
based on "$300 under invoice": $24,379.
Lease calculator based on 6% sales tax and 39 months: $354, that's adding $1000 Subaru cash incentive. However, because the dealer quoted me under invoice already, should I forget about this $1000?
It still seems a little high to me. Is this a good deal?
J.
$0 down, 15,000 miles/year, 39 months: $369, T,T&L folded into monthly payment.
T,T&L= about $1100. If I put that down, for the same lease on the same vehicle, he quoted me $339. This sounds like the right deal.
Now...I found another dealer much closer to my home with a silver Special Edition. No 6-CD, no auto climate control, but they're quoting me a price to put the full leather interior in and do a lease:
with $525 down:
$358, month, 42 months.
At that same dealer, on "a" Limited wagon, they're quoting:
$385/month, 48 months, $0 down. This is with an "acquisition fee" folded into the monthly.
Personally, I'd prefer the first vehicle; I'd have to go farther to get it, but I don't really want to get into this car for a year past its factory warranty.
Is this a good deal? I'm shopping it against the Hyundai Santa Fe, Honda CR-V, or a deeply deeply discounted Nissan Murano. The Subaru beats them all on gas mileage, and has similar usable space in the back. The handling on the hunkered-down Legacy is good for a wagon, in my opinion.
Thanks for your help,
J.
However, rather than taking the selling price down any, my only other idea at the moment is either using my good credit score to get a better money factor (.00235 is what they were offering, more accurately)...or I was thinking of getting them to install Outback roof rails if I took the $339 deal.
Still, though, it seems a bit much...I'm suspicious at a car dealer who is actually willing to be forward with me. There is something I've got to be missing.
Yes, I ended up keeping the 05 Outback. I figured I might as well wear it out for the next 6 months instead of my purchased Baja.
- Art
I'm asking because I'm looking to buy. I'm days away from leasing / buying new but would love to try and get into something like yours if the residual was right!
-B
The residual is about $18500 or so when I turn it in at the end of the year. I don't remember the exact price. I checked into lease transfers but it appears that Subaru does not allow that. A friend of mine is considering buying it at the end of my lease. I think it's worth it.
- Art
Well, good luck with it then.
-B
Again, the offer from the dealer:
'07 Subaru Legacy Limited (last one left): MSRP: 26,140
"$300 under invoice" price offered: $24,379
$339/month, $1100 down, 15k/year, 39 months
$369/month with $0 down
Res: 52%, MF: .00235
I believe the MF could be slightly lower. What do you think?
Thanks all!
I would never buy GAP for a loan, but I would never lease (I mean "normal" lease, not one of those exotic put 10 grand down or so) without GAP.
2018 430i Gran Coupe
MSRP: $26140.
Negotiated lease price: $22238 ($1000 lease cash included)
Tax, title, license, fees, etc.: $1100
Cap: $23,338
52% residual: $13,593
Money Factor: .00235
39 months
6% PA sales tax
$356.86 per month. If this is based on 12,000 miles per year (1000 miles per month), and the 250 extra miles needed to bring it up to 15,000 would be 0.15 per mile - that would, in theory, bring it up to $394 and change...so it looks like a pretty good deal after all.
I sent out some dealer inquiries to Volvo dealers about the V50, too - they come close ($431 for a $37,000 car?), but I'd rather save $3,588 in lease costs. Ciao!
J.
-B
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Although my car is a bit hard to get used to after seven years of PT Cruisers, the Leggy is winning me over slowly. It's much, much quieter than our Audi. I plan to get a Tornado for the naturally aspirated four-banger (although I did average 27 mpg on the way from Morristown, NJ to Bethlehem PA, not bad for day one), and next up will be a portable, dockable aftermarket nav system. I'm thinking of rigging a removable holder in the space between the air vents - you Subaru owners sure like to write about your cars on the discussion forums, so I won't have a problem finding advice in that area. Next up will probably be a bike rack for the low-profile roof rails. Again, thanks a ton and eventually come and Google over to the other Legacy forums (probably in the "Diamond Grey Thread"?) for pictures.
Ciao!
This is what he proposed.....MSRP $28,690 My price $26,085
42 Mo & 10K per year
$700 Trade in on my current Subaru
$2,000 out of pocket with a payment of $318 per Mo plus tax.
I appreciate your input...Thanks
26,000 miles ....automatic.....sunroof
Like new & with 4 new tires
My residual is $13,300 & they said they would give $14,000
MSRP: $25570, agreed on $22500.
Put down: $1000(included first mths paymt and registration fee)
Mthly payments $320.
$$ factor:.002600(?)
42 mths
Comments? What do you think Carman? Did I get screwed or is it a fair deal? I've leased many cars and this is my first from Subaru; I've come to realize this: Dealerships get their $$ in the end. It's just a fact.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
MSRP $28,616
36 months
12k / year
$0 Down payment
Teir 1 credit
Michigan dealership
Nothing has been negotiated as of yet. Only inital salesperson contact and test drive complete. Competition should be a factor; similar vehicles exist in inventory at 3 local dealers.
I've surmised from other postings that there is $1,000 incentive on the vehicle and quite a bit (approx. $1,900) of differential between Invoice and sticker. Money rates seem to hover around 0.0019 and residual of 58%. But I really don't know if any of this accurate, that's the reason for the post.
Thanks for your consideration.
This has been expensive to lease the last few months but is the car my wife and I really want. Hoping you can post the December numbers (cash, residual, money factor) once they are in. Looking at 36 or 39 months (whichever is better) and 12k miles per year.
Thank you!
residual for 12k miles per year is .53 at 36 months, .51 at 39, and .50 at 42
money factor for all is .00170
And wondering if the cash is $750 or $1500? I read edmunds info as 2 different $750 incetives that can both be used on a lease and thus totaling $1500? Wasn't clear.
Thanks, and please correct me if and where I am wrong...
I'm pretty sure the cash back is $750. You can see that on their website for their season event (I'm so tired of the "season/event" advertising, I could puke up a giant red bow on a Lexus). The XT is half that of the regular Outback with cash back.
I'm curious what your purchase price has been quoted? Anyone else finding better deals--$32K seems okay but not great. Pretty disappointed in the buydown on this car, say compared to a Volvo XC--you can get that for a substantially less per month lease.
2018 430i Gran Coupe
I guess I'm not understanding you very well: Both cars have penalties for overages on mileage, and I'm pretty sure they are the same (.20/mile). Are you saying Subaru doesn't penalize you for excessive wear and tear. I have to say I'm kind of doubting that Volvo is any "harsher" here.
For example: My current XC lease is up. I have taken it into Wells Fargo Auto Finance's auction house in Denver (who, btw, does Subaru leases), to have them "evaluate" it. I had one unfortunate bang into my bumper that cracked it, but it was a $150 charge (the bumper repair quote was $580 when I took it to the dealer last year). The other thing they checked was tire tread. I was okay on that, so no charge. Then they looked for dings and large scratches beneath paint. I had none, but the guy told me they were **$15** a piece. That was it. My car was under mileage so I didn't get dinged for that, but it was the same as Subaru. It wasn't even clean when I brought it in, had a perforation in the side door leather from a ski, the guy saw it and didn't charge me.
So, I personally think that Volvo is subsidizing the car, yes, but not hitting wear and tear any harder, unless Subaru has some kind of easy lease deal where you can beat the crap out of the car and not worry. I'd be surprised.
I just want to add here: If I wanted a new XC, I'd get one, but I don't like the poor gas mileage on the new one so I'm now considering an Outback--so this wasn't a 'Volvo is better than Subaru" post. I think the Outback's a great wagon!
Thanks!
Wondering if you could chime in on this lease for an 08 Outback XT/VDC/Automatic/Nav:
Purchase Price: 32,000
residual for 12k miles per year is .53
money factor is .00170
36 month lease= $469/month plus taxes
Customer cash back: $750
Thanks!
No, that' not what I'm saying at all. I have no idea about the inspection critera or "nickling and diming" practices of any of the companies.
My point is that in case of having overmileage/excessive wear you can elect to purchase a vehicle rather than pay the penalties. However, in case of Outback, you'd be much closer to its market value, therefore if you decide to "flip it" rather than pay the penalty, you'd take much smaller loss than in case of Volvo, which residual is significantly more overinflated.
2018 430i Gran Coupe
And on the front-loading of residual it's likely you've got more knowledge than I. I will say though, WellsFargo offered the car to me at a $4000 discount from the buyout, which put it about $5,000 under current retail market value and a couple grand less than trade-in value (using kbb and edmunds as a gauge) if I did buy it. I do know Outbacks tend to have higher value at the end of leases than most cars (I think BMW was the highest?).
But if you just turn in the car and walk away rather than buy, being 'closer to market value' at the end of the lease is irrelevant, no? That's where Volvo is beating up on the Outback (in terms of the lease), especially given it's known as a luxury wagon where Outback isn't (and the MSRP--however overpriced--is nearly $10K more)
The sad part is I don't want to own a Volvo past 50,000, even though it's been flaw-free till now. So I intend to turn it in. I'd likely do that with a Subaru as well. I simply lease because I cannot stand servicing a car.