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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 654,602 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

Community Voting

Deal Score
+198
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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
1481 Posts
447 Reputation
Too bad insurance on this would be another $200

1,194 Comments

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Apr 05, 2024 07:30 PM
1,985 Posts
Joined Oct 2004
SteelgazeApr 05, 2024 07:30 PM
1,985 Posts
Quote from sam_ay :
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.
Not feasible for most people because solar has an large up front cost for a slower return. Your rates also do not reflect everyone else's situation.

For instance in California where I am at, it is NEM 3. A solar systems have a starting cost of 20k to 35k in my area. That's about a cost of a new car already. If I had a choice between EV or a entire solar system, I would probably pick the solar system.

Unless you charge and park your car at home during solar production hours, you're probably losing money. This also assumes everyone can buy a home and arent renters.
1
Apr 05, 2024 07:38 PM
2,138 Posts
Joined Sep 2022
norcal007Apr 05, 2024 07:38 PM
2,138 Posts
Quote from leeterbike :
Yep. I do show off the Tesla. It's more rare than most of the cars there, fastest most of the time, and has a cool wrap.

Your comment is spot on with the judgment. . I find the Mustang, GTR's, Supras, M cars, and corvettes to be boring, yet I don't pass judgement or make people feel unwelcome.
Show off a Tesla? LOL..that's desperation.
1
Apr 05, 2024 07:40 PM
1,028 Posts
Joined Jan 2011
PowzaApr 05, 2024 07:40 PM
1,028 Posts
Quote from desi_babu_2010 :
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
Pretty much this. I have said earlier in this thread that good luck finding 2023 version of this car in this configuration and even then good luck convincing the dealer about the lease incentive.

This is a very YMMV deal.
Apr 05, 2024 07:44 PM
15,359 Posts
Joined Sep 2009
KnightshadeApr 05, 2024 07:44 PM
15,359 Posts
Quote from lcz06 :
Why do people lease anything? Not trying troll as I'm legitimately asking.

In the case of BEVs, most of them can not access the $7500 IRA tax credit except by leasing.
2
Apr 05, 2024 07:45 PM
3,643 Posts
Joined Apr 2011
sam_ayApr 05, 2024 07:45 PM
3,643 Posts
Quote from Dr. J :
I've previously said that typical MPG for the pilot, which is an EXL AWD, is usually 25-26 in the winter (winter gas blend) and more like 28 in the summer but I've gotten 30 on it by driving more conservatively. Regardless I never mentioned my personal vehicle in context so it's irrelevant Your 7 seater SUV is just horrible efficiency-wise. Is it ancient or is it some V8 that's a horrible comparison for the vast majority of people?

National average price of gas in 2023 was $3.52 [eia.gov], not $4, btw.

The average MPG of ALL CARS SOLD in 2023 was ~ 25, but that's ALL new cars. You can't use "vehicles on the road" either because your comparison case is a new EV. I mentioned the numbers for the Corolla, many models of comparable size will be similar.

Then you go on to quote your insurance rate - $400/yr, which I can't even fathom how you get there, no state in the nation [marketwatch.com] has numbers that low, unless it's liability only - which you're absolutely not going to buy for a brand new car, and if it has a loan you're certainly not eliminating collision.

Then you confuse when I say "$2000 in insurance, reg and taxes" - that's me, as I said, but that number is probably low. Insurance itself is probably closer to $1500, and we pay property tax on cars, that's probably around $1000/yr. Registration is every 2 years for $122.

The core issue is you speak of anecdotes, and your anecdotes aren't any more valid than mine or the next person's, which is why I state a couple things - what makes sense for me, and then country averages. As the SD saying goes, YMMV, pun intended.

It's almost as if you're confused on how to make honest comparisons. Either that or you're being purposefully obtuse.
I don't care about the average Mpg of all cars on the road. What is your mpg for exclusively driving for daily commute at average of 27 miles per hour on local roads with traffic lights every few hundred meters? I already clearly asked that but since you didn't bother to read I have to be even more specific. For a sedan I assumed that as 25 mpg on local roads going to the gym, grocery store, soccer fields, office, etc.

Similarly, I already and very clearly mentioned in my previous post that I have Liability only insurance and the car is fully paid off. The cost for my Leaf is $175 for 6 months. Once again, I don't care what the national averages are because that's what I pay. Maybe Tesla insurance is high but I didn't buy Tesla because it wasn't offering a 7500 rebate when I bought my EV.

Property tax on car is not a comparison measure because you would pay it on EV or ICE regardless.

You are the one making incorrect comparisons and giving national averages. I gave you actual and clear details including my cost of electricity, cost of gas (if you want to count lower cost then you can redo by all means), a local driving mileage for a ICE sedan (let's consider a Nissan Altima in this case).
Apr 05, 2024 07:47 PM
31 Posts
Joined Nov 2007
jsanmiguelApr 05, 2024 07:47 PM
31 Posts
False advertising?? When selecting the link the following is revealed!! "Now through April 30, 2024 lease a new 2023 Solterra for $329/month on a 36-month lease
(Premium trim, code PED-11). $329 due at lease signing. $0 security deposit." That's a lot more than advertised!!
Apr 05, 2024 07:49 PM
104 Posts
Joined Jun 2016
disconinjaApr 05, 2024 07:49 PM
104 Posts
Getting one. $300 a month for the limited with $3500 tax/fees
1

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Apr 05, 2024 07:51 PM
3,643 Posts
Joined Apr 2011
sam_ayApr 05, 2024 07:51 PM
3,643 Posts
Quote from Steelgaze :
Not feasible for most people because solar has an large up front cost for a slower return. Your rates also do not reflect everyone else's situation.

For instance in California where I am at, it is NEM 3. A solar systems have a starting cost of 20k to 35k in my area. That's about a cost of a new car already. If I had a choice between EV or a entire solar system, I would probably pick the solar system.

Unless you charge and park your car at home during solar production hours, you're probably losing money. This also assumes everyone can buy a home and arent renters.
What's the per Watt cost of your PV system?

The total cost does not matter because in my area the people who stopped at my door, and due to which I started my research on the panels & PV systems, quoted me 3 times of what I eventually paid.

Another friend of mine that got his system from such a scrupulous company paid twice my amount for a smaller than mine system.
Last edited by sam_ay April 5, 2024 at 04:23 PM.
Apr 05, 2024 07:53 PM
1,985 Posts
Joined Oct 2004
SteelgazeApr 05, 2024 07:53 PM
1,985 Posts
Quote from sam_ay :
What's the per Watt cost of your PV system?

The total cost does not matter because in my area the people who stopped at my door, and sure to which I started my research on the panels & PV systems, quoted me 3 times of what I eventually paid.

Another friend of mine that got his system from such a scrupulous company paid twice my amount for a smaller than mine system.
2.5 dollars was the lowest, goes up to 3.5~ from the last time I got quotes two months ago.
Last edited by Steelgaze April 5, 2024 at 01:56 PM.
Apr 05, 2024 08:06 PM
62 Posts
Joined Oct 2015
abc6587Apr 05, 2024 08:06 PM
62 Posts
Quote from thedowg2 :
A truly horrible car... at a price point that at least makes you think about it for a moment.
Could you tell more?
Apr 05, 2024 08:15 PM
69 Posts
Joined May 2017
CrispinHApr 05, 2024 08:15 PM
69 Posts
Quote from lcz06 :
Why do people lease anything? Not trying troll as I'm legitimately asking.
Many reasons. One is depreciation. You walk away at 3 years with no loss on the books. Yes, you can't do every mod ya want but you also don't have 3 grand in negative equity after only a few years. If you aren't really happy with the car/truck anymore you can walk away from it. If you decide to keep it, the buy out is close to what you'd have left if you had just been making actual payments on a loan. I've had 3 leases in the last 15 years and I've been happy with all of them.
1
Apr 05, 2024 08:20 PM
18,108 Posts
Joined Jul 2009
iamiamianApr 05, 2024 08:20 PM
18,108 Posts
Quote from lcz06 :
Why do people lease anything? Not trying troll as I'm legitimately asking.
Think of leasing versus purchasing as different flow of money stream. One's not inherently better than the other, it all depends on what incentives are available. Sometimes there are leasing incentives and sometimes there are financing incentives, or both. You still have to negotiate with the dealership for the best price. For example, I want to buy/lease a $50K vehicle, as in this deal available for Solterra. Let's say the terms of the lease are $329/month for 36 months and at the end, you have the option to buy for $30K. What do you have to put down on financing to get to the same $329/mo on a purchase? If it's more than the 3-year future value of $30K, leasing is the better option. If it's less, than financing would make better sense. Obviously I didn't get into taxes, fees, insurance and such, but you get the idea.
1
1
Apr 05, 2024 08:21 PM
402 Posts
Joined Dec 2007
KanjuiceApr 05, 2024 08:21 PM
402 Posts
Quote from CrispinH :
Many reasons. One is depreciation. You walk away at 3 years with no loss on the books. Yes, you can't do every mod ya want but you also don't have 3 grand in negative equity after only a few years. If you aren't really happy with the car/truck anymore you can walk away from it. If you decide to keep it, the buy out is close to what you'd have left if you had just been making actual payments on a loan. I've had 3 leases in the last 15 years and I've been happy with all of them.

Don't forget sales tax, in most states you only pay tax on the lease payment. If you buy the car, you pay sales tax on the whole value and never get back any when you sell...
1
Apr 05, 2024 08:23 PM
8,565 Posts
Joined Apr 2020
SlickCrowd6832Apr 05, 2024 08:23 PM
8,565 Posts
Quote from UniqueChicken622 :
Model Y doesn't get full advertised 310 either. I have one. It's more like 250 to 270 and I average 248wh
yes...

so the 158 is mor like 119 miles. That is my point. ​
1

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Apr 05, 2024 08:30 PM
6 Posts
Joined Aug 2019
ShrewdManatee418Apr 05, 2024 08:30 PM
6 Posts
Quote from AbdulZa_001 :
This is not a valid offer. I couldn't find it anywhere. The best lease offer for a Premium is $291/mo for 36mo.

Please share a particular dealership info if the $241/mo offer is still valid.

Thanks.
Capitol Subaru in SF Bay Areas has the 2023 Premium for $241 p/m 36 months lease with zero down. The 2024 version is $329.

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