Want to lease new WRX

[rexxx0486]

I went to the dealer yesterday and they do not have a lease deal yet on the 2013 model.

it shouldnt be much more than the 2012 special, which is 1967 down, 299 per mo. with 12k per year. Id assume maybe 325 tops for a '13

[scooby_rex]

just the way the program is, no good reason

Did the dealership tell you this? Thanks.
I'm 50/50 on lease or buying... It's a tough choice...

[Calvinball]

Did the dealership tell you this? Thanks.
I'm 50/50 on lease or buying... It's a tough choice...

He is a dealership!

[rexxx0486]

Did the dealership tell you this? Thanks.
I'm 50/50 on lease or buying... It's a tough choice...

Personally, I'd buy it if you have the money. The resale is sooo high on these cars that you may as well own it and sell it in 3 years and you would come out ahead. Most guys who lease them buy them out at the end anyway IME.

[scooby_rex]

Personally, I'd buy it if you have the money. The resale is sooo high on these cars that you may as well own it and sell it in 3 years and you would come out ahead. Most guys who lease them buy them out at the end anyway IME.

Would the dealership be the only ones who can calculate approximately how much I would lose for buying after lease instead of outright buying? For now the lowest monthly payments sounds more attractive to me. Thanks for the help!

[Calvinball]

Would the dealership be the only ones who can calculate approximately how much I would lose for buying after lease instead of outright buying? For now the lowest monthly payments sounds more attractive to me. Thanks for the help!

It'll all depend on your interest rate, and before that the "money factor" of the lease. When you buy a car out at the end of a lease, you'll be buying it at the price that is decided upon at the beginning of the lease. While you are making payments during the lease, you are paying for the difference plus interest. In other words, if a car is worth $25k and you lease it for three years, part of the lease agreement will say the value of the car at the end of the lease, say, $15k. So your payments over those three years are for the 10k difference plus interest which is based off of the "money factor."

So best case scenario, if you could afford to buy the car outright at the end of the lease with $15K straight up, you'll only have lost the interest you paid over the lease in "extra" money. So that's really not too bad. But you have to be sure that you'd have $15k available in 3 years.

Otherwise, if you finance the car at the end of the lease, then the "extra" money you are out will be the interest paid during the lease, and now the interest paid during the loan. So this could be worse than just financing the car from the get-go depending on the length of the loan. You might end up paying interest for years longer than buying from the beginning.

Edit: Just to make sure I'm clear, I was using $25k and $15k just as made up examples, not real world examples.

[czn]

i thought the hatch was more expensive than the sedan?,,,, regardless if you get a good interest rate you could do a 6 year loan..... i did that on my STi because i got a 2.8% rate... keeps monthly payments low and you can always pay off early.

[scooby_rex]

It'll all depend on your interest rate, and before that the "money factor" of the lease. When you buy a car out at the end of a lease, you'll be buying it at the price that is decided upon at the beginning of the lease. While you are making payments during the lease, you are paying for the difference plus interest. In other words, if a car is worth $25k and you lease it for three years, part of the lease agreement will say the value of the car at the end of the lease, say, $15k. So your payments over those three years are for the 10k difference plus interest which is based off of the "money factor."

So best case scenario, if you could afford to buy the car outright at the end of the lease with $15K straight up, you'll only have lost the interest you paid over the lease in "extra" money. So that's really not too bad. But you have to be sure that you'd have $15k available in 3 years.

Otherwise, if you finance the car at the end of the lease, then the "extra" money you are out will be the interest paid during the lease, and now the interest paid during the loan. So this could be worse than just financing the car from the get-go depending on the length of the loan. You might end up paying interest for years longer than buying from the beginning.

Edit: Just to make sure I'm clear, I was using $25k and $15k just as made up examples, not real world examples.

Made my decision, going to wait it out a few more
Months and gather up more money for a good down payment around 5k and then fiance the vehicle. My goal is to be as close to $300 a month on my loan, hopefully I can talk down the price of the car real good ;D just looking for a base sedan with the rear deck spoiler. Thanks for the scenarios it really helped out. This will be the first car I will be financing

[rage-wrx]

i thought the hatch was more expensive than the sedan?,,,,

It was the case for pre 2011 3g models. After 2011 the hatch & sedan cost the same.

[rexxx0486]

Made my decision, going to wait it out a few more
Months and gather up more money for a good down payment around 5k and then fiance the vehicle. My goal is to be as close to $300 a month on my loan, hopefully I can talk down the price of the car real good ;D just looking for a base sedan with the rear deck spoiler. Thanks for the scenarios it really helped out. This will be the first car I will be financing

I think that is a good decision. I'd say you will need about 7k down though to get to 300 per month (assuming you were buying from my program at 500 under invoice and qualifying for 2.9% for 72 mo) you'd be at more like 340 or so with 5k down. I assumed 7% tax and 200 for plates. Let me know if you want me to get those numbers exact and I can do it for ya.

[scooby_rex]

I think that is a good decision. I'd say you will need about 7k down though to get to 300 per month (assuming you were buying from my program at 500 under invoice and qualifying for 2.9% for 72 mo) you'd be at more like 340 or so with 5k down. I assumed 7% tax and 200 for plates. Let me know if you want me to get those numbers exact and I can do it for ya.

I'm actually going to head to my local dealership this weekend and see if I can put down a deposit and order my 2013. If you can get me exact numbers that'll be great! Just looking for a base sedan, only option I really want is the rear deck lid spoiler, the auto dimming mirror with the homelink would be nice as well. I'm in Southern California and the sales tax in my area is 8.25%
I don't care about monthly anymore really because in the end its a buy and I'm probably going to be paying more than the minimum monthly...

Hopefully I can test drive one this weekend! Thanks a lot for the help, can't wait to join the Subaru community

[rexxx0486]

Scooby_rex pm me the sale price you are getting from your local dealer and I'll work it up