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Old 06-15-2002, 08:17 PM   #1
Sanderskog
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Member#: 20015
Join Date: Jun 2002
Location: Samammish, WA
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2004 Ex-Radio Flyer

Question Anyone leasing a WRX? What sort of purchase price and lease rate?

I was wondering if I could pick up a sedan or wagon with zero down (or maybe $1000) and get a payment for around $300 per month.

Anyone car to share their deals? I'd should prefer to talk to someone here than to sit down with a dealer.

Thanks,
Todd
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Last edited by Sanderskog; 06-15-2002 at 08:29 PM.
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Old 06-15-2002, 09:18 PM   #2
CosmoTheCat
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Chapter/Region: NWIC
Location: Oly
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98 My FMIC
Is bigger than yours.

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Zero down and 300 a month you're looking at a lease.

My best guess is something like $300/mo for a long time with a fat residual.

If you want to purchase it and make payments of $300/month it'll take you about 9 years at a reasonable rate. Good luck finding anybody willing to carry a car contract that long.

$300 a month is Kia budget for zero down.
(buahahah. I just priced a Kia sportage and it looks like the am/fm/cassette is an option )

Leasing is another story though.
There are only a couple of reasons to lease.
1) business expense
2) can't really afford the car but want to drive it anyway
3) really don't mind burning the money.
4) you actually find a lease that makes sense (rare)
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Old 06-16-2002, 12:30 AM   #3
Sanderskog
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You're missing #5. Leasing makes sense for those people that don't hold on to cars very long. As you mentioned, a good lease can be hard to negotiate. The ideal lease is one where you are only paying for the depreciation of the car. My wife leased a car (VW) once that had a $18,000 purchase price. The lease payment was $219/mo with $1200 down (48 month lease). I actually gave the car back 14 months early at no cost to me.

Having said that, I would think a payment of around $300-350 would be feasible. I may be way off base. I am basing this off of a quote I got for $23,500 for a WRX sedan (on line). The car is only $4500 more (+T&L). Unless the dealer doesn't foresee the resale value staying very high on the car which I would not think is the case.

I'll ask on Monday to see what kind of lease I can get. Just curious at this point. Still may opt for the 2.5 Coupe for commuting.

Todd
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Old 06-16-2002, 01:39 AM   #4
CosmoTheCat
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98 My FMIC
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#5 = #3

I have a hard time keeping myself in one car for more than a year as well, but I've never had a salesman try to sell me on a lease that sounded good.

I'm actually tempted to sell my RS now. Not because I don't like it, but rather because I'm bored and want something else. If I could afford to buy something else and keep the RS I would.

But I probably won't sell it.
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Old 06-16-2002, 11:55 AM   #5
idiotsavnt
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Default Lease numbers

Assuming you have perfect credit (beacon 700+) you can get tier
1 rates which is a Money factor of .0025. If the wrx that you choose is 25K. (on leases they will go by msrp). your residual will
be about 10K after a 60 month lease. Your monthly payments would be in the 360 area and you will need about 700 to get into it. On a lease, 1st months payment and all taxes and fees are due at inception. Also you may be required to maintain higher limits of Comp and Col on your insurance.
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Old 06-17-2002, 02:52 PM   #6
Avedis
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2005 WRX STi
Blue / Gold

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There's somebody in the personal classifieds who is/was trying to get somebody to take over his lease. It was a 4-year lease at $375/month, 12k annual miles allowed, and a $10,500 buyout after the lease is up. I'm not sure if he got raked over the coals, or if that's about average for a WRX lease, but it didn't exactly sound like a deal to me.

edit: not sure what his costs were to get into the lease in the first place; YMMV.

--jeff
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Old 06-17-2002, 05:35 PM   #7
Screaming2.5
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Sounds like a bad deal to me. I bought mine at a 5.6% interest rate and am paying $374/month, can drive it as much as I like, and will own it in just 4 short years...
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Old 06-17-2002, 06:42 PM   #8
Sanderskog
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Default Hey Sreaming 2.5!

Mind if I ask you how much you put down and what your purchase price was? Sounds like a heck of a deal.

Todd
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Old 06-17-2002, 07:46 PM   #9
Screaming2.5
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$25K, all options except BBS wheels, air filter, cold weather pack, suspension, and s-shifter, 60 month loan @ 5.6%, 5.5K down.
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Old 06-17-2002, 07:56 PM   #10
CobraKLR
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I looked into the lease option when I bought mine. They wanted 406.00 a month with 2000 down for a 4 year lease (15000 Miles a year). I can't remember the residual, but it wasn't too appealing (10-12K). With interest rates they way they are you are probably better off buying unless you have bad credit. I am paying 441 mo. with 2000 down (5 years 5.75%). As for 300 mo. I think you are probably dreaming.
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