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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 08:52 PM
15,816 Posts
Joined Jul 2011
desi_babu_2010Apr 05, 2024 08:52 PM
15,816 Posts
Quote from ShrewdManatee418 :
Capitol Subaru in SF Bay Areas has the 2023 Premium for $241 p/m 36 months lease with zero down. The 2024 version is $329.
not according to their inventory , only 2024
Apr 05, 2024 08:53 PM
221 Posts
Joined Jul 2016
funnyperson1Apr 05, 2024 08:53 PM
221 Posts
Quote from psyctto :
Is that 1.2c just the supply charge or are there delivery fees on top of that in your bill..? My electric is "technically" ~9c, but all the delivery and other fees push it to 20-25c every single month.
It's hard to tell from that pdf… also looks like there's a daily fee, then some 10$ fee per kW. I'm not familiar with this billing structure.
The daily fee gets charged whether you use any electricity or not so I don't factor that into the cost of charging.

The $10 is multiplied by whatever your maximum concurrent usage was for the month. So if I microwaved something while running my toaster oven while my wife was drying her hair while charging my car, I might have $40-50 added to my bill. Usually the car is a non factor here as I charge overnight while those other high consumption things aren't happening. Note that with this plan using L2 charging would blow up my bill, there's a dedicated EV smart usage plan, but that ends up being more expensive per kW.

When you consider that the smart usage plan is trying to reduce the maximum load on the grid, the structure makes sense.

There actually is another phantom per kW delivery fee that isn't broken down on that tariff sheet or my bill, I didn't find out about it after calling the power company and asking why the bill didn't match my calculations. It is something on the order of a few cents per kW, but I don't remember exactly. That's why I quoted $0.25 instead of $0.12 (since I usually charge for around 10 hours), but maybe my cost per night is closer to $0.50.

What I do know is that my electricity bills are roughly the same after I got my EV and changed to the smart usage plan as they were when I didn't have an EV and was on the regular plan.
Apr 05, 2024 09:15 PM
167 Posts
Joined Jun 2019
dealsgameApr 05, 2024 09:15 PM
167 Posts
Quote from nadanunca :
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.
How long was your purchase?
1
Apr 05, 2024 09:27 PM
1,124 Posts
Joined Oct 2004
washerebeforeApr 05, 2024 09:27 PM
1,124 Posts
Thank u too ever posted the $50 TESt drive - did go and did not even have to take a drive - they had 3 on the lot and 1 dealer used one with 3500 miles on it..
1
Apr 05, 2024 09:36 PM
155 Posts
Joined Sep 2018
WiseField749Apr 05, 2024 09:36 PM
155 Posts
Quote from nadanunca :
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.
Nj is a quagmire at this point.
No sales tax(for now), but…. We are going to start adding a road tax of a few hundred dollars when you register an ev and you are going to have to pay four years registration upfront even on a three year lease because you don't pay road tax on gasoline when you drive an ev.
Yes, I know the law just passed and is not in effect yet, but talk about mixed messages.
Apr 05, 2024 09:53 PM
136 Posts
Joined Sep 2022

This comment has been rated as unhelpful by Slickdeals users.

Apr 05, 2024 09:57 PM
18,108 Posts
Joined Jul 2009
iamiamianApr 05, 2024 09:57 PM
18,108 Posts
Quote from ShrewdShoe9304 :
that is a very unique. I personally don't know anyone that would even ride in a Hyundai or Kia let alone own one.
You need to get out more and meet people.
1

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Apr 05, 2024 09:58 PM
63 Posts
Joined Dec 2015
SlickdealUserFApr 05, 2024 09:58 PM
63 Posts
Quote from BabyBubba :
Nice lease payment, although range issues are obviously on the radar.

We are currently seeing the tip of the iceberg on upcoming massive price drops across the board, both for EVs and internal combustion cars and trucks. Demand for all has dropped to historic lows because of greedy pricing by manufacturers/dealers combined with high interest rates, tightened lending standards, and upside down trade-ins. Lots are overflowing nationwide, with even some new 2022 models still unsold. When the tipping point is reached in the next 6 months or so, 5 figure discounts off sticker will become the norm as dealers scramble to offload inventory in a buyer's market. Many dealers are facing bankruptcy as we speak unless drastic measures are taken to move cars that are costing them huge amounts in floorplan interest costs. It's time for them to pay the piper for the easy money they made during the pandemic.

Oh and I forgot to mention the underhanded, dishonest tactics and ridiculous add-ons from dealers. All of this combined has made the average car buyer detest the current "dealership experience". I'd love to go buy a new truck, but currently there is no way I'd set foot on a dealership lot with all of the above in mind. They can keep their $80,000 trucks; I'm not interested.
I've heard similar statements about a year ago. The pandemic ended, and prices will be just above the floor for cars. Unfortunately, haven't seen it materialized yet, but keep waiting to replace my old SUV. Hope prices drop before the car breaks
Apr 05, 2024 10:00 PM
3,884 Posts
Joined Apr 2015
SeanD1497Apr 05, 2024 10:00 PM
3,884 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.
The problem with hydrogen is that there's virtually no infrastructure for refueling. We've been hearing about hydrogen cars for many years with few materializing, and only in very limited runs for select markets. That's a "maybe some day" thing in my book. Might be nice, but I'm not going to stop purchasing other vehicles while hoping that hydrogen technology suddenly goes mainstream.

I'm kind of with you as far as recharge times for EVs though. Not being able to take one on an extended road trip without a lot of hassle has always been my hang up. But the fact is, I don't take many long road trips, and a lot of people basically never do. I also always have more than one vehicle around because I'm a silly person, so I'm nearly to the point where I can justify any EV on the market for my normal commute and all of my typical driving around town. I could do that, reap the benefits for the vast majority of my driving, and either take an older vehicle I already own or even justify renting something for longer trips. But yeah, recharge times that rival gas fill-ups, and longer range that at least comes close to a typical gas vehicle, would go a long way to convincing more people to switch.
Apr 05, 2024 10:06 PM
3,884 Posts
Joined Apr 2015
SeanD1497Apr 05, 2024 10:06 PM
3,884 Posts
Quote from iamiamian :
You need to get out more and meet people.
Seriously, people who are biased against Hyundais and Kias either harbor some weird racism targeting Koreans, are complete morons, or are stuck in 1990 and think the Excel is exemplary of everything they make now (yet they'll drive a Ford, who made the 80's Festiva, or Chevy, who made the Chevette, Citation, and plenty of other rolling S-boxes). Nothing says willful ignorance like hating on some of the most reliable cars on the road because the company is Korean. Hell, some of the ones we get here are made in the USA, by Americans. My best friend has an old Sonata. It's still in good shape and chugs along like a tank, coming up on 200k miles.
1
Apr 05, 2024 10:09 PM
91 Posts
Joined Feb 2008
alb1981Apr 05, 2024 10:09 PM
91 Posts
I have been trying to replicate this deal in Colorado. Dealers are adding up fees and charging up cost, the total tax incentives for Colorado are the federal and state rebates, they won't honor the promotion of 329. The best quote was for a 399 with 1100 down payment.
Apr 05, 2024 10:10 PM
2,240 Posts
Joined Oct 2008
flightxxxApr 05, 2024 10:10 PM
2,240 Posts
has anyone actually gotten this deal ?
Apr 05, 2024 10:11 PM
91 Posts
Joined Feb 2008
alb1981Apr 05, 2024 10:11 PM
91 Posts
Theoretically, this promotion has 7500 of federal tax credits and 5500 manufacturers incentives.
2
Apr 05, 2024 10:12 PM
3,884 Posts
Joined Apr 2015
SeanD1497Apr 05, 2024 10:12 PM
3,884 Posts
Quote from SlickdealUserF :
I've heard similar statements about a year ago. The pandemic ended, and prices will be just above the floor for cars. Unfortunately, haven't seen it materialized yet, but keep waiting to replace my old SUV. Hope prices drop before the car breaks
I'm hopeful we see a return to realistic prices, but a lot of dealers still seem to be looking for higher margins than were typical historically. If we see a supply glut later this year they may realize they've been stifling sales and finally cut prices.

I did do a little internet shopping for a new box truck recently, and prices on those seem to have stabilized, if not come down a bit. Used prices are still jacked up like they were a couple years ago, so I was thinking of trading in my 2015 NPR with 110k in favor of something new that's a little easier on gas, and it actually makes sense right now. Used box trucks still seem to be in high demand, while new ones, which you couldn't find on lots for a minute, are widely available. This may be beginning to happen for passenger vehicles.

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Apr 05, 2024 10:15 PM
3,884 Posts
Joined Apr 2015
SeanD1497Apr 05, 2024 10:15 PM
3,884 Posts
Quote from alb1981 :
I have been trying to replicate this deal in Colorado. Dealers are adding up fees and charging up cost, the total tax incentives for Colorado are the federal and state rebates, they won't honor the promotion of 329. The best quote was for a 399 with 1100 down payment.
That's actually not that bad. I haven't seen any good lease deals on gas cars in quite a while. I'm afraid this deal will just lead to us calling the dealer who will say "not even close" but then have a reason to give us their shady sales pitch, but if you can really get a Solterra for around $240 a month with nothing down, that's definitely worth seeing if the car will meet your needs.

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