The Forester XT Touring drops ever so slightly for the month of March. Unfortunately, still not enough car for the money (relative to other makes and models in this price range). I didn’t find anything on the Legacy, but it looked pretty good last month, so it might be worth inquiring about this month to see if the deal got sweeter.
Here is a sample calculation based on TrueCar’s Southern California sale price and do not include local taxes. Please note that your dealer calculations may vary due to local fees/taxes.
2011 Subaru Forester 2.5XT Touring
MSRP – $30,720
Sale Price – $28,409
Monthly – $378+ tax
RWG Rating – 83.5
For Dealer Quotes, CLICK HERE..
2011 Forester 2.5X
36-month | 15k miles | residual 57% | .00135 base money factor
2011 Forester 2.5XT Touring
36-month | 15k miles | residual 57% | .00165 base money factor
2011 Forester Limited
36-month | 15k miles | residual 59% | .00190 base money factor
2011 Outback 2.5i Limited
36-month | 15k miles | residual 51% | .00125 base money factor
2011 Impreza WRX Sedan
36-month | 15k miles | residual 58% | .00210 base money factor
2011 Impreza WRX STI Sedan
36-month | 15k miles | residual 61% | .00210 base money factor
2011 Impreza WRX STI HB
36-month | 15k miles | residual 57% | .00210 base money factor
That 51% Residual is Killing Me
I agree with G that the Outback limited is nicer than the CR-V EX-L w/Nav or the RAV4, but the lease terms make this $110 to $150/month more than the others. The MSRP on the Outback is $31,488 vs $30,675 for the Honda. The quote I got for the Outback Limited for 36/12,000:
MSRP: $31,488
Sell Price: $29,650
Lease $479/month (inc 9% sales tax) plus 1st month + $218.95 Tags & Doc Fees or $679.95 Total Due at signing.
I calculated $474.41 using the above MF of .00125 and 51%+2% for 12K miles is 53% and guessing the bank fee is $595 and rolled in the lease.
Even if they went to Truecar’s dealer cost of $28,741, it’s still $446/month. The Honda is $329/month (inc Tax) at Weymouth Honda or $369 locally. Bummer.
Yeah, that residual is pretty killer. It’s really making that loan big. If you are hunting for a “deal”, I think few brands can compete with Honda when it comes to leasing. Just the “no disposition” and “damage waiver” alone make the Honda the better lease. Those are costs that many people do not take into consideration when leasing cars.
Now I have found that Mazda restricts the sales of turn-in’s to the original lessee. That means that even though I have almost $1,000 of equity I can’t access it easily. At least they gave me an extra 5 days to turn-in the car so I can wait to see if the April lease rates are any better (I figure they can’t get any worse).
Wow really? Is it because you already paid your last payment? I leased a Mazda before and sold it 3 months in advance. Of course, I financed through US Bank so that could have made a difference.
Actually, I can buy it (and pay sales tax) if I want to keep the car. It appears that I cannot “pretend” to buy it for the buyout price and immediately sell it to a dealer for a higher price and put the difference towards another car unless it’s a Mazda. One dealer said I could do it and get around the sales tax but is a real hassle. He said it might be worth it if the car was worth $1,500 or more than the buyout, but mine isn’t. It might be worth $400 more plus the cost to replace the taillight. Unless I trade it in on another Mazda, I’m out $600 for the taillight.