Join Date: Jun 2007
Car Year: 2004
Car Model: Subaru Forrester XS
I'm not ending the lease early. It ends on July 31. Monthly payments right now are $348 (3 years, 18K miles per year). I'll be about 6,000 miles over, so if I returned the car at the end, I'd have to pay an additional $750, plus the $300 fee to return it.
Buyout price is about $12,300, plus taxes, plus a $150 paperwork fee. My state (Mass) has a property tax on vehicles. The tax on a three-year old Forrester might be about $250 per year, while the tax on a brand new one would be about $500 the first year, and less each subsequent year. Auto insurance is slightly hiher on a new car too, so all this gets factored into the decision.
I like this car, but have ben considering other AWD/4WD vehicles that might give me better mileage and/or be cheaper (Kia Sportage, Toyota Matrix, Hyunda Santa Fe, Mitsubishi Outlander, etc.) or getting a Civic or Corolla and buying snow tires. Our driveway is a steep hill.