Subaru Outback end of lease options

Ask the Hackrs
1

Looking for some advice in regards to options with my lease on a 2020 Subaru Outback Premium.

Relevant Details:

  • Lease ends January 2023
  • $325 monthly payment
  • Current buyout price is $19,100
  • End of lease buyout is $17,200
  • Currently selling online for $28,000 - $31,000

So, I like the car and my first instinct is to buy it out at the end of the lease. I will need to finance the purchase, however, and it occurred to me that interest rates might rise considerably in the next 6 months. If so, would it make sense to get financing now and buy it this summer?

I also noticed that in my area there are current base Outback lease specials in the $250 a month range with $2,500 down. This seems hard to believe given the current market conditions. What am I missing? At those numbers, it would seem reasonable for me to get into the 2022 Subaru Outback Premium with the same payment and a check for the 2020 Outback.

Can someone please offer me their advice on what they would do in my position and tell me if I am just missing something completely.

2

Did you read every single word in the disclaimer(s)?

3

2500 down, but the fine print probably says, plus dealer fee, acquisition fee, registration, and first payment, which probably comes out to like 4 grand in NC.

4

Assuming the top bidder will buy your Subaru lease (not a Chase restriction but some buyers don’t buy some brands), AND you can get a new Outback at/under MSRP (some reports of small discounts), I would do that and buy your new Outback.

Otherwise I would buy-out this lease ASAP and keep driving it.

I would not flip into a new Outback lease, I most certainly would not roll this equity in.