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My 2004 Legacy was about $2500 under invoice, and the incentives are more rigorous now. They are losing money on these in order to get them out the door and make room for the new 2005s. The 2005s are darn cool though, the Legacy GT is really special.

Subarus are nice cars. Here's a link to the "Ultimate Subaru Message Board" . I recently bought a 2004 Legacy wagon and I'm very happy with it. The 2.5 is problematic, I would not buy a car with a turbo version of that engine. I almost didn't buy my Leagacy because of it. If you're not caught...