12/18/2023 0 Comments Subaru motors finance payment![]() ![]() The 53% residual and 0.00244 money factor were given to me by someone I know who works in automotive incentives (who has access to the figures for all brands). I got the 55% residual and the 0.002751 money factor by crunching the numbers in the Solterra lease "promotion" I posted above. For a lease buyout, do you essentially pay the remaining depreciation payments plus the residual and maybe a $699 processing fee? Anyone have experience with this or a good source for information? I would hope that Subaru Motors Financing would be pretty straightforward and not something where I'd have to worry about getting screwed over. I, too, would plan on buying out the lease - assuming that I am still happy with it. (The cap/depreciation portion of the payments would go to almost 0, too.) (Actually, I've heard that if you total the car, you end up losing it all, but I have a hard time believing that's true.) It seems to me that if, between the tax credit and down payment, you bring the cap cost very close to the residual, you'll minimize the finance charges that you pay. I've heard that it's not a good idea to put down a lot of money on a lease, but I've never heard the reason. With MSRP+destination of $49,720 and 12k miles/year, residual was $27,346, which is 55% residual, I believe. I actually have a preliminary lease offer from my dealer, but it didn't include the tax credit and used a money factor that was equivalent to around 9% APR because they didn't consider my credit. So trying to figure out if I'd take delivery if the new one came tomorrow, while taking comfort in the fact that it won't, I got a bit to see how things shake out.Where did you get those money factors from? Are you calculating them from the info in the lease offer or am I just missing them somewhoe? I'm considering a lease for the first time, if Subaru Motors Finance figures out the tax credit soon enough for me. My car runs 35k miles a year, has 200k on the clock, and I need reliable transportation to see my kids. We go from national emergency to just bad business conditions and put a priority on immediate cash flow and my group gets cut. I could easily see the shutdown scaling back, but people not running out to fly anytime soon. I'm in R&D which is expendable if cash flow gets tight. The aerospace industry was 60% of our revenue, some of it commercial, some defense. They aint gonna let people go from an essential business during the pandemic, that would be bad press. ![]() Mostly about AFTER things go back to normal. The kids aren't in daycare, so financially so far, this has been a net positive for me. ![]() I'm still working, my employer is considered essential. The 0% financing and incentives being thrown are awesome. But it might be a while since the factory and dealer are shut, lol. My situation is that I have a new one on factory order from before this all hit. I was wrong about that.Īnyway, I wish you all good luck and good health. ![]() Just to be transparent, I'm not employed by Subaru or Chase but I am in the car business formerly employed by a publicly traded, Fortune 500, 187 store dealer group who I thought had some class and integrity. They'll verify your identity and go over some disclosures on the phone then send a formal letter. If you go here and call the number on the webpage you get a recording telling you to call the 888 number.Ĭontact Us | Subaru Motors Finance | This morning I discovered that the lender is making arrangements to help their customers going through what I'm experiencing and thought I'd share the info with as many people as possible. Friday last I was let go from my job due to the COVID-19 coronaviirus shut down. I purchased my 2019 OB Ltd last year and took the 1.9% apr finance rate. If you're a current Subaru Motors Finance customer you can get a 3 month extension right now that will defer your finance or lease payment without penalty or extra cost. ![]()
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