2019 Subaru Forrester 2.5i

Ask the Hackrs
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1

This was a lease presented to me that I didn’t sign. Is this a bad lease?

2019 Subaru Forrester 2.5i w/Accessories
MSRP: $26877
Selling Price: $28105 (came w/accessories)
Monthly Payment: $468.92
Cash Due at Signing: $1000
Government Fee: $417
Proc/Doc Fee: $150
Capitalized Taxes: $140.53
Additional Cap Items: $1162
Subtotal: $29266.99
Acq. Fee: $595
Gross Cap Cost: $29,407
Paid by Customer: $1000

Months: 36
Annual Mileage: 12000
MF: .0029 (6.9% ?)
Residual: $16,933

Region: Portland, OR
Leasehackr Score: 4.6 years (?)
The MSRP w/ the added accessories is $30841 with a discount of $1836

2

So no discount AND they add accessories? Do you really not know the answer?

3

Yes. This is really bad. You are paying more for the car than MSRP.

4

The MSRP w/ the added accessories is $30841 with a discount of $1836

5

The MSRP w/ the added accessories is $30841 with a discount of $1836

6

So they added over $5k in accessories, then discounted it by $1836? You realize that dealer added accessories are not residualized right?

7

Not to mention if that MF is correct, it’s almost certainly heavily inflated.

8

I did not know, which is why I am here.

9

Even if i have bad credit score?

10

That would make more sense. Unfortunately with bad credit you’re always going to take a hit with the MF.

That doesn’t stop you from working a better discount though. Stay away from vehicles with added accessories. As @Jon said, they’re not residualized so you’re taking a big hit with them.

Work on getting a better discount and make sure the dealer isn’t padding the price with unnecessary doc or other fees. You can check the Edmunds forums for correct residuals and money factors (not positive they give out non tier 1 rates though).

I would highly recommend shopping around at other dealers and comparing quotes. Only deal via email/phone until you’re ready to go in and sign.

11

Uh find one without all the bull crap accessories?!