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expiredKhalidS8701 posted Apr 03, 2024 03:25 PM
expiredKhalidS8701 posted Apr 03, 2024 03:25 PM

Subaru Lease Offer: 2023 Subaru Solterra Compact Electric SUV

w/ Zero Down (+ Tax & License)

$241/mo. for 36 months

1,195 Comments 654,571 Views
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Deal Details
Participating Subaru Dealerships [dealership locator] have 2023 Subaru Solterra Electric Compact SUV (Premium Trim, code PED-11) available to Lease at $241/month for 36 months (total $8,676) plus tax and license fee from participating dealerships w/ zero down for qualified buyers. Contact your local dealership(s) to verify if this offer is available in your area.

Thanks to community member KhalidS8701 for finding this deal.
  • Note: Offer and inventory availability may vary by location.
Features:
  • All-wheel-drive electric crossover
  • Seats five and carries 23.8 cubic feet of cargo behind its rear seats.
  • Range: 228 miles
  • 0-60mph in 6.5 seconds
  • 8.3" of ground clearance
  • Built on Toyota's e-TGNA global battery-electric vehicle platform

Editor's Notes

Written by RevOne | Staff
  • About this deal:
    • Offer valid through April 30, 2024.
    • Subject to credit approval, vehicle insurance approval, & vehicle availability. Not all buyers may qualify. Payments may be higher in some states. Net cap cost & monthly payment excludes tax, license, title, registration, insurance, additional options, & retailer charges. Retailer participation may affect actual payment. At lease end, lessee is responsible for vehicle maintenance & repairs not covered by warranty, excessive wear & tear. Lessee pays personal property & ad valorem taxes (where applicable) & insurance. See participating retailer for details.
  • Please see the original post for additional details & give the WIKI and additional forum comments a read for helpful discussion.

Original Post

Written by KhalidS8701
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Participating Subaru Dealerships [dealership locator] have 2023 Subaru Solterra Electric Compact SUV (Premium Trim, code PED-11) available to Lease at $241/month for 36 months (total $8,676) plus tax and license fee from participating dealerships w/ zero down for qualified buyers. Contact your local dealership(s) to verify if this offer is available in your area.

Thanks to community member KhalidS8701 for finding this deal.
  • Note: Offer and inventory availability may vary by location.
Features:
  • All-wheel-drive electric crossover
  • Seats five and carries 23.8 cubic feet of cargo behind its rear seats.
  • Range: 228 miles
  • 0-60mph in 6.5 seconds
  • 8.3" of ground clearance
  • Built on Toyota's e-TGNA global battery-electric vehicle platform

Editor's Notes

Written by RevOne | Staff
  • About this deal:
    • Offer valid through April 30, 2024.
    • Subject to credit approval, vehicle insurance approval, & vehicle availability. Not all buyers may qualify. Payments may be higher in some states. Net cap cost & monthly payment excludes tax, license, title, registration, insurance, additional options, & retailer charges. Retailer participation may affect actual payment. At lease end, lessee is responsible for vehicle maintenance & repairs not covered by warranty, excessive wear & tear. Lessee pays personal property & ad valorem taxes (where applicable) & insurance. See participating retailer for details.
  • Please see the original post for additional details & give the WIKI and additional forum comments a read for helpful discussion.

Original Post

Written by KhalidS8701

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Top Comments

RicardoR5620
1 Posts
10 Reputation
Mine at 100% charge gets 175 miles of range (don't turn on the climate because that knocks it down to 160 miles), dealer says they are working on a fix. But won't look at the car.
nadanunca
332 Posts
952 Reputation
You may want to look at the Hyundai Ioniq 6. Rated for 360 mile range on a 100% charge, and Hyundai's been doing $7,500 cashback to offset the ineligibility for federal credits. And if you're really lucky, your state won't charge sales tax—NJ didn't for mine.
Tarkov
1480 Posts
447 Reputation
Too bad insurance on this would be another $200

1,194 Comments

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Apr 05, 2024 03:13 PM
2,806 Posts
Joined May 2018
TimlessApr 05, 2024 03:13 PM
2,806 Posts
Quote from ih8yuppies :
This kind of junk may be an indicator that there will be far fewer auto manufacturers in the near future. Lots of commitments to 100% EV, very few decent EV cars that people will actually want to buy.
This is Toyota's half assed attempt at an EV. They're still all in on hybrids.
Apr 05, 2024 03:14 PM
221 Posts
Joined Jul 2016
funnyperson1Apr 05, 2024 03:14 PM
221 Posts
.
Quote from psyctto :
"Overnight" being defined as 40-60 miles of charge at 2-3 miles per hour for 120V outlet (per Tesla)… on the short side, that's 13hrs for 40 miles at 3 miles/hr, long side is 30hrs for 60 miles at 2 miles/hr.
That's a long "overnight"…

0.25$ to regain 50miles? At 4 miles per kwh, that's 12.5kwh… so 0.25 / 12.5, says you pay ~0.02$/kwh
Overnight for me is 10-13 hours as I plug in when I get home from work and unplug when I drop my kid to school. On a 15A circuit my car reports it is charging at 1.2kW. Driving around town in Atlanta I get around 4mi/kW. So 10x1.2x4=48 miles. Anecdotally, I typically recover around 20% SoC overnight which tracks with those numbers, it's closer to 40 miles in the winter and closer to 60 in the other seasons. I don't know where Tesla gets the 2-3 miles per hour figure, but that sounds extremely conservative, keep in mind that Tesla also sells L2 chargers. My numbers are with a Kia Niro EV and the Kia EVSE, it's possible that Tesla limits the current in their L1 EVSE such that it can only charge 2-3 miles per hour, for me it's more like 4-5 miles per hour.

I'm on a Georgia SmartPower plan where my off peak rate is $ 0.012 per kW (https://www.georgiapower.com/cont...-rd-9.pdf) so you aren't too far off there.
Last edited by funnyperson1 April 5, 2024 at 09:17 AM.
Apr 05, 2024 03:15 PM
1,574 Posts
Joined Apr 2016
RontronApr 05, 2024 03:15 PM
1,574 Posts
Can someone make a leasehackr calculator link
Apr 05, 2024 03:46 PM
189 Posts
Joined Aug 2011
kgaaaan08Apr 05, 2024 03:46 PM
189 Posts
Is there anyone able to lease at this price for 2023 or 2024? Called many dealers, none below $400 in Connecticut.
Apr 05, 2024 03:51 PM
1,190 Posts
Joined Aug 2015
thunderbird1100Apr 05, 2024 03:51 PM
1,190 Posts
Quote from IndigoMorning6118 :
Link please!
https://www.hyundaiusa.com/us/en/offers/detail?Model=IONIQ%206&ModelYear=2024&YrSerCd=2024A&ModelGro... [hyundaiusa.com]
Hopefully not a regional deal (I'm in ATL) but it was national at one point I know.
Apr 05, 2024 03:53 PM
1,286 Posts
Joined Jan 2008
mankuApr 05, 2024 03:53 PM
1,286 Posts
I'm a loyal Subaru driver (have leased 5 in past 6 years), and also am a huge fan of EVs having owned two so far. I've also owned Prius in the past, though haven't since about 2015 because I hated the redesign. I like the new design, but Toyota is asking way too much for that car...dealer's just aren't discounting.

But this Subaru EV is garbage and a complete fail.

Maybe I'd pick it up for $200 month with zero drive offs, and that's if I'm doing 99% local driving.
Apr 05, 2024 04:10 PM
293 Posts
Joined Dec 2013
ocean_slkApr 05, 2024 04:10 PM
293 Posts
Quote from bumblingblonde :
FYI I received a $50 Visa gift card pop up for test driving a solterra.
An update on this. I printed the coupon and did the test drive at my local dealer ship yesterday. 10 mins driving and 20 mins talking to convince the salesman Model Y would be a better fit for me.
And today, the $50 visa gc redeeming email arrived at my email.

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Apr 05, 2024 04:11 PM
2,806 Posts
Joined May 2018
TimlessApr 05, 2024 04:11 PM
2,806 Posts
Quote from ocean_slk :
An update on this. I printed the coupon and did the test drive at my local dealer ship yesterday. 10 mins driving and 20 mins talking to convince the salesman Model Y would be a better fit for me.
And today, the $50 visa gc redeeming email arrived at my email.
Most of time, when you mention the offer they ask if you even want bother with the test drive.
They'll fill it out without a test drive.
Apr 05, 2024 04:12 PM
934 Posts
Joined Jul 2009
alphakp295Apr 05, 2024 04:12 PM
934 Posts
Quote from Corrosive :
Great deal for sure but I heard issues with their DC fast charging make it so it won't be able to go long distances. Something like lowering the charge rate after it's been DC fast charged 2x or so times in a 24hr period. I read this a while back so maybe it's different now but something to look out for if you are in the market.
Avis in Seatac only had this car for rental a month ago. Truly horrible car. DC fast charger didn't work in the Southcenter with this vehicle and I was only able to squeeze 150 miles with heater on.
Damn Avis didn't have any medium size gas car but 15 of this crap.
Apr 05, 2024 04:13 PM
293 Posts
Joined Dec 2013
ocean_slkApr 05, 2024 04:13 PM
293 Posts
Quote from Timless :
Most of time, when you mention the offer they ask if you even want bother with the test drive.
They'll fill it out without a test drive.
lol, good to know that. That would be much more convenient.
Apr 05, 2024 04:14 PM
2,156 Posts
Joined May 2008
themoleculomanApr 05, 2024 04:14 PM
2,156 Posts
Quote from Dr. J :
At least you've run the numbers. Whether or not an EV makes sense for someone depends on 2 main things - cost per mile driven, and less quantifiable factors such as convenience, tech etc. Cost per mile driven is going to be hyper local, and this forum spans at least the entire US mostly. I live in an area where electricity is fairly expensive when compared to gasoline (New England), if I look at my ratio of gallon of gas to kwh of electricity, its about 11:1 (roughly $3.10 and $0.28). The national average is closer to 23:1. If we consider that your average EV will have an efficiency of around 3-4 miles/kwh, that means for a breakeven on $/mile, a comparable ICE only needs to get like 33-44 mpg, which is basically what most comparably-sized ICE's are going to get. (e.g. your Corolla is going to get 32/41mpg according to the EPA estimates and I always find those to be low)

Somewhere around a ratio of 13 (my guess) is where the EV will always outperform the ICE on a $/mile refueling, that would mean (for me) that ICE would need to get more like 50 mpg (not going to happen). The further north you get from ~ 13, the more the EV makes sense because the marginal cost difference per mile driven should make the PBP (in miles) shorter.

Once the discussion passes the "which car is cheaper to drive" bar then you should consider other costs like insurance and maintenance, and finally cost to purchase. For me if the discussion is close at that point, and the PBP reasonable (say less than 50-60k miles or so) then you can think about nuance - which model you like better, what fits your needs better, etc etc - all this is provided that the form factors available in an EV drivetrain are suitable. If you need a real SUV (sorry, the Y and Mach E are not SUV's. "back in the day" we'd call those hatchbacks) or minivan, sorry there aren't really available (Toyota does offer the Sienna in a hybrid configuration)

If you want to buy a car just for the latter (tech, looks, etc who cares about cost) that's fine, but that's also a different starting premise.

In the bigger picture then you can think about price sensitivity - for me, electricity isn't as variable, but always tends to go up if it does change. Gas can be more expensive, yes, but it can also be a lot cheaper. In the past 3 years I've paid from $1.25 - $4.10 for gas. In the same time period I've paid from $0.24/kw up to $0.36 and now $0.28 for electricity. Ironically that price is mostly a function of natural gas prices, since that's where our power comes from.
I feel like insurance + maintenance + depreciation need to be considered at same time as cost mile driven if you're looking into purchasing a car. You need to budget out monthly/yearly expenses related to the purchase. Cost per mile only matters, IMO, when looking into leasing.

If you looked at cost per mile first 2 years ago and bought a Tesla Model 3, you'd be burnt by depreciation and price decreases now. The cost of electricity may be less variable, but the cost of EVs is a lot more variable for likely at least another 5+ years. The average vehicle ownership length is 8 years and by year 8, a Tesla Model 3 will likely have depreciated by 50% or $30k. The Corolla I bought about 10 years ago has depreciated about 33-38% or $5.5k.
Apr 05, 2024 04:16 PM
380 Posts
Joined Nov 2014
21DrunKenMonKeYApr 05, 2024 04:16 PM
380 Posts
Quote from robhong :
Until they make an EV which fully recharges in 15-20 mins (this is the time taken to refill gas, use the restroom and grab something to munch on while I'm on long trips) I'll be avoiding these for now. As it stands, Toyota's hydrogen engines look more promising.
Do you know how much to fill up a hydrogen car??? I saw the lady in LA fill it up fo $140-160 for 318 miles of range 😏

Yes, they give u a 15k credit to purchase hydrogen... but when that runs out it's going to hurt
Apr 05, 2024 04:19 PM
15,816 Posts
Joined Jul 2011
desi_babu_2010Apr 05, 2024 04:19 PM
15,816 Posts
Quote from kgaaaan08 :
Is there anyone able to lease at this price for 2023 or 2024? Called many dealers, none below $400 in Connecticut.
none that i recall. TBC is only on 2023.

quite surprised at so much discussion

for a car/deal that isnt even available


but carry on
2
Apr 05, 2024 04:20 PM
3,642 Posts
Joined Apr 2011
sam_ayApr 05, 2024 04:20 PM
3,642 Posts
Quote from pmrowczynski :
True, for Teslas. But in all vehicles? May be not.

And a lot of EV hate here. Anyhow, 4.5 hours through the snow and R2 conditions in the mountains cost me about 70% (assume kWH) to drive 250 miles. Passed two cyber trucks as well.

Assuming a $0.135 kWh cost that would be about 3.57 miles per kilowatt, or $0.037 miles per gallon. Because I've done this run 50+ times, it's about 110 kWh for 500 miles about $0.18 kWh - or about $0.04 a mile.

Assume 500 miles, and getting 25 MPG. That's 20 gallons or $80 if you were getting it at $4/gallon. Savings can be derived at $60 bucks for every 500 miles driven. Costco executive membership saves you a few percentage, and you can buy in places that charge less (putting it into cans and driving it)

Tires are going to wear out for every car. Sorry. But you can measure how much you lose by the tread wear starting at whatever (16/32) and down to even 2/32nd. Tires weigh about 40-50 lbs and that is not all going up in smoke. Larger tires for SUVs will wear about 50-60K as fast as a Tesla can. They also cost about the same (I run three different brands depending on conditions and nothing "Tesla" special but tire rack and 1010 tires). So the false study (yeah, read it) ignores lots of other factors like tail pipe emissions (gallon of gas weighs 6.6 gallons so that's 125 lbs of emissions per 20 gallons - unless you don't consider CO2 nor CO an issue, then you're not an environmentalist)

I've done the same runs on lighter vehicles (R1200GS getting 40 MPG, about the same as a KTM 500 EXC) and you just burn through tires faster though you save on fuel. You can also fly, that's about 130 NM and about the same fuel economy as a SUV, 15 MPG with a IO360 engine.

TL;DR unless you have the need to haul lumber or people, an EV is going to cover a lot of the bases. Otherwise, buy an AWD Sienna or Chrysler T&C so you can put a full sheet of plywood there.
Quote from Steelgaze :
I did a similar math calculations for EV. This is back of the napkin stuff but;

Assuming EVs should be treated like a daily driver, I'll use a corolla as a stand in.
I've also driven pretty much every tesla, with doing long 10+ hour drives in X to draw from personal experience.

Basically for me, ignoring the cost of each vehicle, and looking solely at cost of range;

The X I was going about 250~ miles per fill at a super charger. I think I was going to about 65-75%. Basically when it stops 'fast' charging. I think it was coming out around 25~ bucks each charge. The X has a 100kwatt battery, or about. Assuming I charged at least half of that, since I didnt run down to lower than 10%. Super charging at the time was around 0.40/kwatt. so again it checks out I was paying around 20-23~ per stop.

On a corolla I can generally go about 500~ miles per fill. Gas is like 4.5 for me right now, so that's about ... lets say 40 dollars. Taken the number from above, I am paying the same price on EV at a supercharger vs filling at the pump.

From my personal experience with my high electrical costs (Home charging TOU plan mandatory, 0.45/kwatt avg) Seems like a wash in 'fuel' costs.
Quote from Dr. J :
At least you've run the numbers. Whether or not an EV makes sense for someone depends on 2 main things - cost per mile driven, and less quantifiable factors such as convenience, tech etc. Cost per mile driven is going to be hyper local, and this forum spans at least the entire US mostly. I live in an area where electricity is fairly expensive when compared to gasoline (New England), if I look at my ratio of gallon of gas to kwh of electricity, its about 11:1 (roughly $3.10 and $0.28). The national average is closer to 23:1. If we consider that your average EV will have an efficiency of around 3-4 miles/kwh, that means for a breakeven on $/mile, a comparable ICE only needs to get like 33-44 mpg, which is basically what most comparably-sized ICE's are going to get. (e.g. your Corolla is going to get 32/41mpg according to the EPA estimates and I always find those to be low)

Somewhere around a ratio of 13 (my guess) is where the EV will always outperform the ICE on a $/mile refueling, that would mean (for me) that ICE would need to get more like 50 mpg (not going to happen). The further north you get from ~ 13, the more the EV makes sense because the marginal cost difference per mile driven should make the PBP (in miles) shorter.

Once the discussion passes the "which car is cheaper to drive" bar then you should consider other costs like insurance and maintenance, and finally cost to purchase. For me if the discussion is close at that point, and the PBP reasonable (say less than 50-60k miles or so) then you can think about nuance - which model you like better, what fits your needs better, etc etc - all this is provided that the form factors available in an EV drivetrain are suitable. If you need a real SUV (sorry, the Y and Mach E are not SUV's. "back in the day" we'd call those hatchbacks) or minivan, sorry there aren't really available (Toyota does offer the Sienna in a hybrid configuration)

If you want to buy a car just for the latter (tech, looks, etc who cares about cost) that's fine, but that's also a different starting premise.

In the bigger picture then you can think about price sensitivity - for me, electricity isn't as variable, but always tends to go up if it does change. Gas can be more expensive, yes, but it can also be a lot cheaper. In the past 3 years I've paid from $1.25 - $4.10 for gas. In the same time period I've paid from $0.24/kw up to $0.36 and now $0.28 for electricity. Ironically that price is mostly a function of natural gas prices, since that's where our power comes from.
Quote from ansonvs :
None criticize your EV if it is paid out of your pocket instead of subsidized by the tax payers. Rich gets clean air, car and richer. Poor get poorer, dirtier air, pay more for gas from making electricity for your EV.
Quote from leeterbike :
I paid for mine out of pocket. Don't qualify for any tax incentives. People still complain about it. Complain about the batteries, range, government support for the vehicle type, I've even had people blame me for the poor electrical infrastructure in the city because "you're using too much grid power". I've have people tell me I'm a tree hugger, Biden supporter, and various other thing.

I have solar. Lots of it. That mainly charges my car.

I have solar that entirely charges a fleet of Ford lightning trucks.

I pay nearly 50% of my income in taxes.
I employ several people with well paying jobs.

I should get tax subsidies, I give the government 100's Of thousands of dollars all for them to let me pay them a small amount less later because I did what they said.

Trust me. It's not a good deal.
Saved $2500 with of Gas cost last year with a combination of PV Solar system + EV, while driving almost 18k miles within the city limits, charging at home exclusively. Saved a further of $1000 for home electricity use with the PV solar panels. (The savings are a combo actually so just allocating the numbers to each category).

Cost of electricity 13.5c per kwh. Miles driven in EV 18000. Miles per kwh was an average of 4 seasons of driving ~4.7 miles per kwh. I am using $13 for 470 miles. With gas cost of an average of $4 and a gas sedan giving roughly 24-25 miles per gallon of gas with city driving only, we get $80 of gas for every 480-500 miles of driving. Driving about 1500 miles per month the difference between a Gas ICE sedan vs an EV sedan is about $60 per 500 miles on the low side. Hence, save $180 per month (again on the low side) even without the PV Solar panels. When you add the PV solar to the calculation above I am not even paying those $13 per 500 miles of driving (or $39 per 1500 miles).

Hence, for everyone speculating, contesting and arguing here on EV - if you are on SlickDeals then you are here to save money. The above calculation clearly shows an EV can be the biggest saving in your monthly bills if you use it exclusively to drive in the city and if you exclusively charge at home. BTW- most places the electricity is way more expensive so your savings can easily be over $4000 to $5000 per year easily paying for your Solar panels on the roof within 3-4 years. It is also the greenest way of driving since you are not using the Grid electricity generated via Coal or Natural gas. Instead you use the Sun to charge and drive your EV.

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Pro
Apr 05, 2024 04:20 PM
39,319 Posts
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Dr. J
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Apr 05, 2024 04:20 PM
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Quote from themoleculoman :
I feel like insurance + maintenance + depreciation need to be considered at same time as cost mile driven if you're looking into purchasing a car. You need to budget out monthly/yearly expenses related to the purchase. Cost per mile only matters, IMO, when looking into leasing.

If you looked at cost per mile first 2 years ago and bought a Tesla Model 3, you'd be burnt by depreciation and price decreases now. The cost of electricity may be less variable, but the cost of EVs is a lot more variable for likely at least another 5+ years. The average vehicle ownership length is 8 years and by year 8, a Tesla Model 3 will likely have depreciated by 50% or $30k. The Corolla I bought about 10 years ago has depreciated about 33-38% or $5.5k.
You're right, but the PBP estimation is a tiered thing, e.g. do some easy napkin figures first, then if the numbers are close, delve deeper. Depreciation in particular is a tough one since you're basically trying to predict the future, and frankly using the past 4 years as a basis/trajectory for EV's isn't great - from covid and crazy price hikes, to the fire sales and general apathy of the public to EV's, those make for some really difficult modeling parameters. I'm not saying you're wrong, I'm just saying I'd be more confident in the Corolla depreciation vs. any random EV. Heck look at the Fisker thread - anyone that just bought one basically just took a 50%+ haircut overnight. Hard to predict that!

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