Lease or Buy? - 2020 STI Base
 

[color=#383a3b]Hi,[/color]

[color=#383a3b]I am currently working with a Subaru dealership in the Bay Area on a 2020 STI Base model in Crystal White Pear with no options. Below is the breakdown cost of the vehicle:[/color]

[b]2020 STI Base Crystal White Pearl no options:
Car Price: $34,399.00[/b]
[color=#383a3b]Document Fee: $85.00[/color]
[color=#383a3b]DMV Filing Fee: $30.00[/color]
[color=#383a3b]Tire Fee: $8.75[/color]
[color=#383a3b]DMV: $463.00[/color]
[color=#383a3b]Sales Tax (CA Tax): $2,920.14[/color]
[b]OTD: $37,905.89[/b]

[color=#383a3b]My dilemma is either to Buy or Lease it.[/color]

[color=#383a3b]If I were to BUY it below is roughly what I calculated using a few of the auto loan calculators:[/color]

[b]Term:[/b][color=#383a3b] 60 months (5 years)[/color]
[b]Sales Tax (CA Sales Tax):[/b][color=#383a3b] 8.25%[/color]
[b]Interest Rate:[/b][color=#383a3b] 0.99% (Going through a local credit union that I have a savings account already with them)[/color]
[b]Down Payment:[/b][color=#383a3b] $20,000[/color]
[b]Monthly Payment:[/b][color=#383a3b] $246.00 - $295.00[/color]

[color=#383a3b]As for LEASING below is the information that I got from the dealership:[/color]

[b]MSRP:[/b][color=#383a3b] $37,895.00[/color]
[b]Mileage:[/b][color=#383a3b] 10,000 miles a year[/color]
[b]Residual %:[/b][color=#383a3b] 62.00%[/color]
[b]Residual Value:[/b][color=#383a3b] $23,494.90[/color]
[b]Initial Cap Cost:[/b][color=#383a3b] $34,399.00[/color]
[b]Bank Fee in Cap:[/b][color=#383a3b] $595.00[/color]
[b]Accessories:[/b][color=#383a3b] $30.00[/color]
[b]Doc Fee:[/b][color=#383a3b] $85.00[/color]
[b]Adjusted Cap Cost:[/b][color=#383a3b] $31,226.56[/color]
[b]Term:[/b][color=#383a3b] 36 months (3 years)[/color]
[b]Money Factor:[/b][color=#383a3b] 0.00155[/color]
[b]Base Monthly Rental:[/b][color=#383a3b] $299.57[/color]
[b]Monthly Use Tax:[/b][color=#383a3b] 8.50% ($25.46)[/color]
[b]Total Monthly Payment:[/b][color=#383a3b] $325.03[/color]
[b]License:[/b][color=#383a3b] $461.00[/color]
[b]Total Cap Reduction:[/b][color=#383a3b] $3,797.44[/color]
[b]Cap Reduct Tax:[/b][color=#383a3b] 8.50% ($322.78)[/color]
[b]Cash Down:[/b][color=#383a3b] $5,000.00[/color]
[b]Total Working Cash:[/b][color=#383a3b] $5,000.00[/color]
[b]Drive Off:[/b][color=#383a3b] $5,000.00[/color]

[color=#383a3b]The reason I want to lease this vehicle for 3 years is that I know the new STI will be coming out sometime in 2021 or after. By the time the new STI has come out once my lease ends after the 3 years. I plan on getting the new STI. I know that I could purchase this 2020 STI and sell it after the new STI has come out.[/color]

[color=#383a3b]I would really like to get some input and feedback from the community.[/color]

[color=#383a3b]Thank you,[/color]