Help! I'm trying to lease a brz!
 

Hello everyone! Finally the day has come where I can finally finance one of these beautiful car. The issue is I have no idea where to look where to even begin. I live near LA, 92833 to be specific. I was wondering if someone can give me a direction to where i can lease one of these beauties with a reasonable price. I might have some additional question later on. I can't wait until i get my hands on this car! cheers and thanks for the help!

I'm going to say your best bet is probably to find a Subaru dealer.

I mean, generally a dealer that has a lot of stock might want to get rid of their cars faster, so seek dealers with high BRZ numbers in their lots..

Any dealer can give you a decent lease price, it depends on how well YOU are able to talk your way and deal with the stealerships.

Back in the day when BRZs were rare, Subaru dealerships were acting as if they're selling Porsches.

There is an art to leasing. The web has tons of good info.
I suggest looking at this site:
http://www.leaseguide.com/lease01/

My local dealer has no BRZ in stock. Not sure if the LA dealers are stocked well. Some parts of the country have surplus while other parts (like SoCal) seem to have a shortage.

You can look in to a dealer from another state that could offer leases and deliver the vehicle to you. You'd have to fax/fedex the paperwork back and forth I guess. A bit of trust too.

Otherwise just start at your local dealer and talk to them. Try to get a test drive, see what deal they offer, and what color/options they have in stock.

Why can't you find a Subaru dealership on your own?

You don't have to go through the dealer for a lease, you can go through a bank or a leasing agency as well.

i guess i phrased my question wrong.. I meant i don't really know the process of leasing and i wanted some help of something to look out for or something i shouldn't say or what not. Maybe something specific to brzs? i don't know. i guess i'll research about it. also how much do you guys pay if you leased your brzs?

Renick Subaru is close to you... It is on Orangethrope@Euclid

How much do you want to pay per month?

(if you answer this question, you're not ready to visit a dealer!)

?????????????? Isn't leasing all about monthly payments, mileage and residual?

Yes - in addition to built in interest rate, down payment(s), and the price the are leasing you the car at.

If you answer that question the dealer WILL ask, they will punch some numbers on a calculator and tell you they need $5k down, it's a 42 month lease, and the annual mileage is 10,000/yr, with a $0.40/mile overage.

They'll also charge you $2k over MSRP for the car.

But what can you say? They met the monthly number you wanted to pay, right?

For what it is worth, when I was looking at leasing the rates for a BRZ were substantially higher than the rates for a FR-S.

OP, why don't you contact Jin at Pacific Subaru in Torrance, CA...he's my good friend and tell him Steve (guy with white brz) referred you. He can give you a good deal.

I was looking to get around 300 ~ 350 per month. And thanks steve! I'll contact him!

Also i will most likely do a lease to buy program. What are your opinions about this?

You need to start by reading all the links that were provided here about leasing. There are pros and cons to leasing and it may not be best for you, and only you can know that. Start there. Make sure you know what you are getting into.

If you go to a dealer and say "I want to lease a BRZ but I have no idea what I am doing", is the equivalent to jumping into a shark tank after running through a brier patch naked with bleeding cuts all over your body....

this is one reason of many why i'll never lease a car.

You always negotiate the lowest price BEFORE even mentioning the word lease. Do all negotiation over email, tell them you haven't decided, but looking at purchase. Dealers try to jack up price on leases since lower monthly payment overall, and most people don't know you can negotiate the selling price on a lease.

- Leasing is horrible for non-high priced luxury cars... I would read heavily on this before deciding to lease or not
- Residual is based on MSRP, to the lower your negotiated price is, the lower you pay overall for the lease.
- Essentially, the Bank buys the car from the dealership, then leases the car to you based on their calculated depreciation and profit margins. They base this off MSRP.
- Money factor x 2400 = approx "interest rate" on the lease. There is no interest on a lease, only money factor
- Bank may require GAP insurance to cover the remaining value vs actual value, which will make your insurance go up

350/mo payment is about what you'd pay for a purchase on a 60mo finance and ~5-8k down. This is a cheap car, if you need to lease to afford the monthly, it's probably out of your budget. Just sayin...

Which at first glance would be normal because the car is more expensive. But the point of a lease is you're essentially paying the depreciation and the FRS is depreciating much worse than the BRZ in the market. In essence the BRZ should be cheaper because of this.

You're throwing your money away because you're not putting any money towards principal. Lease should be seen as essentially a long loan. While yes, the car will be cheaper at the end of the loan, but it's still going to be the price of a 3 year old car (or however long your lease is).

Leasing is nice to "afford" a nice fancy car for little money (see: BMW)

Fwiw, you can lease a BMW 2 series for about 330/mo... So why would you lease a brz for the same price?...

If you intend on eventually buying, probably will do better to buy now. Don't know how good your credit is, but right now Subaru is doing 0% for 72mos on new 2014 BRZ's. If you get a new BRZ Premium for $2k off MSRP, the price would be about $23,500 plus tax, tag and fees. In NC, that would be about $24,500 out the door. Financed at 0% for 72mos that's $340/mo.

Agree on all counts, but then again, I've never leased a car :).

I would recommend negotiating a price and letting them know how much you can put down. If you can get the price down to $26k then put $4k down and get a 3% interest rate you will be paying $340 a month on a 72 month loan. Everyone I know who has leased says they will never do it again.

With a 72mo loan on only 4k down, you'll be underwater on the loan for a while. I would highly suggest saving up at least 35-50% down for a car purchase to avoid higher gap insurance premiums.

Leasing makes sense for a business expense deduction. Other than that, it makes nearly no sense at all unless you like paying a premium for convenience (ie - changing luxury cars every 3 yrs).

Have you ever heard the term example. At 340 a month for 72 months it comes down to 24,480, add in the 4k down and you have 28,480. That is what I paid out the door due to the sales tax in my state. Not a horrible deal if you ask me.

Good overall price, but a shorter term would give you a lower interest rate usually, and consequentially a lower overall cost. Additionally, depending on the market, you may owe more on your car than it's worth. This is unlikely for the BRZ right now, but it's a general risk, and thus may require that you get gap insurance coverage.

Not saying you didn't get a good deal, looks like you got a good deal, but that's not the case for most people.

Leasing makes a lot of sense if you have:
- business expense writeoff
- move around a lot for work (2-3 year contract work)
- potentially live in area(s) where having a car isn't ideal
- don't want to deal with upkeep of used car as it ages
- don't want to deal with resale or trade-in

I'd lease all day if I didn't care for the race track.

-alex

That isn't the deal I got, just numbers I crunched. I actually got full financing for 60 months with 2.09% interest. Makes for a hefty payment, and being in the hole a little bit.

While the brz numbers are slightly different, leasing isn't a terrible idea. I'm leasing my frs. (Internet salesman at Toyota) That being said, will you pay more for it in the long run? Yes. Is the monthly payment cheaper to handle payment wise. Yes.

Leasing offers you more options than financing due to being ale to walk away after 3years should your needs change. It's not for everyone but it's just another option in buying a car.


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