Hey all, I am in Florida, Zip 33991. I am trying to put together a deal on a 2024 Subaru Solterra Premium.
The MSRP on the car is $47,386.
They are offering $426 with $426 DAS.
It seems to me this is under .89% Monthly/MSRP if I am doing the 1% rule.
Here are the full details:
MSRP: $47,368
Selling Price: $39,113.00
Rebate: $7500
Government Fee: 708.50
Capitalized Taxes: 649.12
Gross Cap cost: $41,419.75
Cap Cost reduction: $10,401.96
Adjusted Cap cost: $31,017.79
Residual Value: $19,428.26
Total Due at Signing: $445
For context, we want a crossover/hatchback type car. So that eliminates several models.
We priced the Ioniq and the Blazer through brokers here on Leasehacker and got similar pricing, about $400 a month with 0 down.
Aside from the fact that the Solterra gives less miles to the charge (220) vs the other cars mentioned, and the fact that it is not exciting in the slightest… what would make these others better?
And if we are looking at it from a purely numerical standpoint, are the numbers good?
Bluntness is exactly what I need and why asked this question here… so all good dude.
I also have an option on a Blazer at 390 with 1K on GM credit card down. Would you consider that a better deal?
Also, I’ll mention that I am in Florida, and I just have not seen good deals on EVs here. Not like in California or even NY/NJ where I see way better offers.
Those deals were amazing and I considered one for my dad earlier this year, but I can’t find any dealers that have anything even close. In fact, the one “offer” out there now is $519 a month with 3.8K DAS, which is absolute crazy talk.
Is fast charging a big deal for you? If so, there’s a reddit thread that talks about even the 2024 models (I assume) being pretty underwhelming in that regard.
My impression that BZ4x and Solterra aren’t being given away any more. But that makes it hard to stomach what a “fair” price might be now.
No, fast charge is not a deal breaker for me because we have a level two charger at the house and don’t plan on taking the car on long trips, so miles per charge and charge time are negligible.
I agree that because they are not on super fire sale anymore, these prices seem higher. But it’s not far from a Chevy Blazer, which I found through a broker at 390 a month and 1 k down. Essentially the same as what I would get the Solterra for. And honestly when we test drive the Blazer, we were not impressed. It felt kind of cheap.
How long a lease is this? Based on your figures, the residual is set at 41%, which is absolutely horrible. The ioniq5 has a hatchback and is better in every way. There are even some EV9 deals for about the same monthly payment.
It’s a 36 month lease.
That’s really good info about the residual value. I appreciate all the learning.
From what I understand, the residual value can’t be adjusted by the dealer, so is there a way to make up for a crappy residual value?
