ClubWRX Forum banner

1 - 20 of 55 Posts

·
Registered
Joined
·
51 Posts
Discussion Starter #1
What do you guys think?

Personally, I've always been against leasing a car but my friend swears by it. And the $299/month to lease a WRX seems (to me) like a pretty decent price. At least more affordable. I don't plan on a lot of mods, other than tints, STS and bushings so that shouldn't be a big deal.

My biggest concern, really, are the miles. The Subaru site says the lease is for 42 months but doesn't say how many miles it's limited to. And I do like to drive. I even want to take it on a road trip up to the Northeast (brewery tour).

I just want to know what you guys think about it and if anyone has experience leasing a WRX. And how much they screw you over to buy it after the lease is done.

(sorry for the poorly written post, I'm tired and I'm nervous about a final I have soon :eek: )
 

·
Premium Member
Joined
·
13,124 Posts
I leased my wrx and paid it off at the end. My buyout was 13k and I had to pay it all upfront which kinda sucked but that was my fault for leasing to begin with lol

Mileage wasn't an issue because I only drive about 10k a year
 

·
Cheeky Bastage!
Joined
·
2,730 Posts
I leased an impreza before buying my wrx. When you make the deal with the dealership you decide 10k/12k/15k per year. I onlyy had 10 and I went over about 2.5 years into my 3 year lease. When I turned the car in they wanted me to pay to replace basically every exterior panel and all sorts of other work (that didn't happen, but It was still a fight that was annoying). Im not sure how they would respond to even those slightly mods. But even doing a few mods leads to wanting to do a few more, etc etc etc. Yes, it might be a bit more expensive to purchase...but then its yours. And if you give a bit more on a down payment, your monthly payments probably wont be all that much more (depending on how many years).

All in all, I think leasing a car like this could cost you more in the long run than buying, and I would hate to have give up my subie in like 2 or 3 months and start over again.

Just my 0.02
 

·
Registered
Joined
·
197 Posts
IMO the less you have to deal with dealers the better. They are all lying slimeballs i think, sorry if i insulted anyone. They are just trying to get as much money out of you as possible. Be careful and never buy anything until you think about it for a while. I wouldnt lease because there are too many rules to follow. But that is just my opinion.
 

·
Registered
Joined
·
51 Posts
Discussion Starter #6
I leased my wrx and paid it off at the end. My buyout was 13k and I had to pay it all upfront which kinda sucked but that was my fault for leasing to begin with lol
Ouch that hurts :(

I'll never lease again. That being said. Cheaper isn't always better. Turn around in 3 years and sell it If you want something new. Just like I won't rent a house. Wasting money IMO.
Very true. This was always my argument against it too. Paying for something that isn't yours.

I leased an impreza before buying my wrx. When you make the deal with the dealership you decide 10k/12k/15k per year. I onlyy had 10 and I went over about 2.5 years into my 3 year lease. When I turned the car in they wanted me to pay to replace basically every exterior panel and all sorts of other work (that didn't happen, but It was still a fight that was annoying). Im not sure how they would respond to even those slightly mods. But even doing a few mods leads to wanting to do a few more, etc etc etc. Yes, it might be a bit more expensive to purchase...but then its yours. And if you give a bit more on a down payment, your monthly payments probably wont be all that much more (depending on how many years).

All in all, I think leasing a car like this could cost you more in the long run than buying, and I would hate to have give up my subie in like 2 or 3 months and start over again.

Just my 0.02
Yea I'm pretty sure I'd go over the miles easily. My parents leased an Escape once and Ford tried to charge them for all the little dings and dents. They got away with it by buying an Explorer. I think my friend enjoys leasing because he's always getting Hondas so the dealer let all the fees slide

IMO the less you have to deal with dealers the better. They are all lying slimeballs i think, sorry if i insulted anyone. They are just trying to get as much money out of you as possible. Be careful and never buy anything until you think about it for a while. I wouldnt lease because there are too many rules to follow. But that is just my opinion.
Very good advice. I don't have a lot of experience with dealers. My first car was from a private seller and my current car was from Carmax where a family friend sold us the car.

Leasing was just an idea I was toying with due to the price, but I'll definitely stay away from it now.

Thanks guys
 

·
Registered
Joined
·
45 Posts
Leasing a car when you have the full intention of buying it at the end can save you money. I just placed an order last week for a 2012 WRX Linmited Sedan and while I was there I worked out a few different lease scenarios. No matter which option I chose (10k, 12k or 15k) the payment was still less on a 36-42 month lease than it would have been on an 84 month (that's right, 7 year) loan. I figure since I fully plan on modifying my car and keeping it for longer than 3.5 years I don't mind leasing it in order to have a lower downpayment and lower payment for the first few years. Yeah, when it comes time to buy it out at the end of the lease I may need another few thousand dollars down in order to keep my payments the same but I don't need to worry about that now.

Just my $.02...
 

·
Super Moderator (Actually a SuperSpy)
Joined
·
29,231 Posts
I drive too much and can't write off the car on my returns, so I never lease. I buy.
 

·
Registered
Joined
·
51 Posts
Discussion Starter #9
Leasing a car when you have the full intention of buying it at the end can save you money. I just placed an order last week for a 2012 WRX Linmited Sedan and while I was there I worked out a few different lease scenarios. No matter which option I chose (10k, 12k or 15k) the payment was still less on a 36-42 month lease than it would have been on an 84 month (that's right, 7 year) loan. I figure since I fully plan on modifying my car and keeping it for longer than 3.5 years I don't mind leasing it in order to have a lower downpayment and lower payment for the first few years. Yeah, when it comes time to buy it out at the end of the lease I may need another few thousand dollars down in order to keep my payments the same but I don't need to worry about that now.

Just my $.02...
I really should just go to the dealer and ask them about it
 

·
Registered
Joined
·
2,442 Posts
So much misinformation in this thread I don't know where to begin!!! :screwy: But I will try to shed some light on leasing for you guys, and for future reference I have an "ask a Subaru Dealer" thread on here, and my CLUBWRX buying program also applies to leasing so you don't need to work that hard to get a great lease : ) If leasing seems mysterious, its because they keep it that way on purpose. Its not really that complicated if you don't over think it and keep your wits about you. Any member in need of help feel free to drop me a pm.


Leasing a car when you have the full intention of buying it at the end can save you money. I just placed an order last week for a 2012 WRX Linmited Sedan and while I was there I worked out a few different lease scenarios. No matter which option I chose (10k, 12k or 15k) the payment was still less on a 36-42 month lease than it would have been on an 84 month (that's right, 7 year) loan. I figure since I fully plan on modifying my car and keeping it for longer than 3.5 years I don't mind leasing it in order to have a lower downpayment and lower payment for the first few years. Yeah, when it comes time to buy it out at the end of the lease I may need another few thousand dollars down in order to keep my payments the same but I don't need to worry about that now.

Just my $.02...
No offense dude but this is just wrong. If you are definitely going to buy out the car at the end there is no way it is cheaper to lease first then buy out. Just trust me on this one I don't feel like working up mathematically examples and whatnot. Sounds like your dealer wanted to close you on a lease.

I really should just go to the dealer and ask them about it
Yes so they can sell you whatever makes them the most money of course... Some dealers may offer sound advice but its true that a lot will not unfortunately. People in every line of work can be good or bad that's just life.

IMO the less you have to deal with dealers the better. They are all lying slimeballs i think, sorry if i insulted anyone. They are just trying to get as much money out of you as possible. Be careful and never buy anything until you think about it for a while. I wouldnt lease because there are too many rules to follow. But that is just my opinion.
Officially offended:mad: lol we are not all that bad, especially reputable new car showrooms. Believe it or not my pay is tied to my customer satisfaction index as much as how much we make on the cars. Not true everywhere but it is at Subaru. However he is right that a lot of guys will be out to get you and you should think about it first.

As for rules to follow they are pretty simple.
1.Don't mod the car with anything non spt or anything you cant take off easily
2.Don't drive more than the amount of miles you payed for
3.Don't damage the car with over $1000 worth of damage ALL SUBARU LEASES COME WITH A $1000 damage allowance. Your dealer does not have anything to do with it, its through chase, they would be the one charging you. Dealers sometimes try to force you into a new lease by telling you you're going to get charged if you don't lease another one from them but its BS.
Thats it, its not that complex.

My parents leased an Escape once and Ford tried to charge them for all the little dings and dents. They got away with it by buying an Explorer.
Your dealer does not have anything to do with it, its through a bank, like Ford|Motor Credit or Subaru Motor Finance, they would be the one charging you not the dealer. Dealers sometimes try to force you into a new lease by telling you you're getting charged unless you lease another one from them. Sounds like it worked for them here...

The bottom line here is that leasing is better than buying and buying is better than leasing, just depends on YOU.

CLIFF NOTES:
Leasing is best for people who:
-have a stable financial situation
-can expect to stick with a lease until the end. It's also good for those who
-like to drive a new car every few years
-want low monthly payments
-drive a fairly predictable number of miles each year
-maintain their cars properly
-are maybe looking at a car with less than stellar resale and reliability but a good lease rate (VW comes to mind)

Buying is better for those who:
-become emotionally attached to owning their vehicle (duh)
-want to mod their car extensively
-may drive more than 15000 miles per year
-may need to be able to get rid of their car at any time
-like paying off their car and driving it till the wheels fall off because its paid for
-are getting a car with good resale and decent reliability (like the wrx)

Oh and half the reason leasing gets a bad rep is those too good to be true lease ads you see all over the place. IF IT SOUNDS TOO GOOD TO BE TRUE IT IS!!!! nobody is going to lease you a brand new vehicle for less than your cell phone bill without some huge catch. I'm amazed these ads work but the sad truth is that they do.
 

·
Registered
Joined
·
51 Posts
Discussion Starter #11
Thanks for the write up man. I really appreciate it :D. I'll be checking your thread out, especially when I'm closer to being ready to buy a car.
 

·
Cheeky Bastage!
Joined
·
2,730 Posts
Depending on the car you are looking at, an Impreza for example, it is possible to get for "less than a cell phone payment". I got my lease on an 07 impreza for zero %, zero due at signing (minus taxes), and zero down (i traded in a crappy car, which kinda negates this last one) and it was 160/month. Granted your cell phone bill might not be that high, 160/month for a brand new car was perfectly fine for me.

Also, I dont remember hearing about the $1000 "CYA" for damages. They tried to charge me like 2500-3000 for standard wear and tear, mostly of the body, like chips in paint and the like you would get from driving your car at any point in time.
 

·
Friendly Neighborhood Spider-Admin
Joined
·
48,699 Posts
I leased a new 1990 Celica when I got our of college..it's the last lease I ever did. If you drive much at all, and finance matters to you at all, as it does to me, then it's difficult to make a cogent case for leasing a car. Go try to find it recommended in a financial self-help book...you'll be looking for a while. :)

Of course, this logic falls on deaf ears around here. Buying a new car every 2-3 years is also not a great idea, and the forum is filled with "Yo, I want to trade my 2011 in for a new car! Which one should I get!!1!!" threads.
 

·
Registered
Joined
·
2,442 Posts
Depending on the car you are looking at, an Impreza for example, it is possible to get for "less than a cell phone payment". I got my lease on an 07 impreza for zero %, zero due at signing (minus taxes), and zero down (i traded in a crappy car, which kinda negates this last one) and it was 160/month. Granted your cell phone bill might not be that high, 160/month for a brand new car was perfectly fine for me.

Also, I dont remember hearing about the $1000 "CYA" for damages. They tried to charge me like 2500-3000 for standard wear and tear, mostly of the body, like chips in paint and the like you would get from driving your car at any point in time.
Zach,
No you cannot legitimately get a new car lease for less than your cell phone dude. Here are the issues I see with your response right off the bat:
-First and foremost, how the hell do you pay 160 per month for your cell phone!?? Forget car shopping you need a new cell carrier!
-You had a trade in to get to that 160, which we don't know how much it was worth but it was money down and a lot more than the $0 you'd put down on a cellphone contract.
-you say you got 0% but there are no finance rates for leases so that makes no sense. There are Money factors but they are NEVER 0 (at subaru anyway)
-What does zero down minus taxes mean? Does that mean you put another 800 or so in taxes down on top of the trade in you gave them? because I didn't do that at verizon either.
-Check the fine print on your contract... you have a 1k damage allowance as long as it is a Subaru Motor Finance lease. You say they "tried to charge me 2500-3000" for normal road wear. Which implies that you ultimately were not charged by said dealer, which proves my point. They were making it up to try to scare you into whatever deal they had lined up for you. Anyway, the dealer does not have anything to do with you being charged damages, its the bank you leased from that would charge you!

The impreza is the cheapest lease we have and here is a link to the specials, you need 2k down to get 169 a month and that is a base stickshift PLUS taxes tags and fees!http://www.subaru.com/special-offers/index.html
 

·
Registered
Joined
·
2,442 Posts
I leased a new 1990 Celica when I got our of college..it's the last lease I ever did. If you drive much at all, and finance matters to you at all, as it does to me, then it's difficult to make a cogent case for leasing a car. Go try to find it recommended in a financial self-help book...you'll be looking for a while. :)

Of course, this logic falls on deaf ears around here. Buying a new car every 2-3 years is also not a great idea, and the forum is filled with "Yo, I want to trade my 2011 in for a new car! Which one should I get!!1!!" threads.
Yup you nailed it! Realistically, that guy is not reading financial self help books and he is going to do what makes him happy whether or not an accountant would recommend it. Hes going to get a new car every 3 years one way or the other, so he really is going to be waaaay better off leasing than to keep rolling in debt from the last trade in and buying a new car every 3 years with no money down. (until he becomes hopelessly trapped in a car with a payment that is super high constantly from re-rolling in debt) There are a lot of these guys out there. They need to start leasing.
 

·
Registered
Joined
·
2,442 Posts
^^ Two iPhones on a Verizon family plan is how you pay $140 a month for cell phones. :(
Ok but thats without a 2000 down payment, and that's for 2 phones. That means you're paying $70 per month for your phone. Good luck with one of those ads that say you can lease a car for $69 per month!
 

·
Cheeky Bastage!
Joined
·
2,730 Posts
First off, it sounds like you are taking a lot of this personally. Im just stating my personal experience.

I wasn't trying to compare exact dollar amount, just stating that you can get lease cars for very cheap. My 17000 impreza was 160 a month, with a $1500 POS trade in, and like 250 in registration fees or w.e. You could get a $13/14K dollar car for even cheaper, with the right deal. Also, I didnt say who tried to charge me the damage fees. I know it was the bank that charged me. The dealership actually helped to get the amount I ended up owing them down to a fraction.

You also keep getting upset when people are bad mouthing all dealers, and saying they are not all bad. But you've referenced a couple times about them "scaring you into the deal they had lined up." Sounds like you dont think so much of them all the time either.

I enjoy working with my dealership. They are very nice to me, got me a great deal the first time I got a car from them and again bc I came back for another car, always help out when I need servicing done, etc.
 

·
Banned
Joined
·
296 Posts
I leased a new 1990 Celica when I got our of college..it's the last lease I ever did. If you drive much at all, and finance matters to you at all, as it does to me, then it's difficult to make a cogent case for leasing a car. Go try to find it recommended in a financial self-help book...you'll be looking for a while. :)

Of course, this logic falls on deaf ears around here. Buying a new car every 2-3 years is also not a great idea, and the forum is filled with "Yo, I want to trade my 2011 in for a new car! Which one should I get!!1!!" threads.
Oh hell yea, I'm trading in my '12 white wrx for a different color, any suggestions? Red or wrb?
 
1 - 20 of 55 Posts
Top