Last post on Dec 10, 2013 at 3:26 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Ford Escape, Car Leasing, SUV
#13 of 236 Re: Lease price on a 06 Escape Limited 4x4 [Car_man]
Apr 20, 2006 (7:13 pm)
I am in the process of choosing a vehicle. The best test drive I completed was for a used Ford Escape XLT. The vehicle did have some engine noise, so I am interested in a newer Escape. I was told that there is a way to lease pre-owned 2003 & 2004 Escapes. This is actually the first time I have heard a dealer mention this. I am in the 14222 zip code. I am really stuck with this search at this point. I have spent 3 months test driving, doing research, etc. I would like to choose a vehicle and secure financing online. Do you have suggestions for financing companies as well? Thank you.
#14 of 236 Re: Lease price on a 06 Escape Limited 4x4 [ezzell]
Apr 23, 2006 (5:50 am)
hi ezzell. Many manufacturers lease certified pre-owned vehicles to consumers. The problem with leasing used vehicles is the lack of support on them. Manufacturers have an incentive to provide cash incentives and special low interest rates on the leases of new vehicles because their sale helps their bottom line. Automakers usually do not provide much if any support on leases of used vehicles. As a result, used vehicles often turn out to be as expensive to lease or only slightly less expensive to lease than equivalent brand new vehicles. If you are considering leasing a used Escape, make sure that you compare the cost of doing so with the cost of leasing a new one. You may find that you are better off going new.
If you decide to finance your new truck instead of lease it, it is in your best interest to get pre-approved to do so before discussing financing with any dealers. Doing so serves two purposes. One, it gives you an idea of what sort of rate you will qualify for and two it often motivates dealers to beat the rate that you already have in hand. You can get pre-approved with a local bank that you do business with, a credit union, or one of the several banks that conduct business on-line.
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#15 of 236 Leasing Ford Escape Hybrid 4WD
May 01, 2006 (5:36 pm)
Help! I am looking at a Ford Escape Hybrid 4WD loaded with MSRP of $34,315. My dealership will sell it to me for invoice but I haven't sprung my latest idea on them. Since I am somewhat questioning the longevity of the hybrid, I think leasing it would suit my worries better. If I like it, I can buy one in 3 years. I am a bit ignorant about residuals, etc. I live in the St. Louis, MO metro area where my tax rate is 7.850%. Missouri is a little archaic since purchasing a vehicle requires paying for the entire tax within 30 days to the Dept of Revenue which is like a 2nd down payment. I miss California where they just lump it into the same payment. Enough regressing, I am wondering what kind of offer I should expect on this. I do have a 1999 Ford Taurus to trade in that I purchased from the same dealership 7+ years ago and have been offered $2500 for. What kind of out of pocket expenses should I expect at signing?
Thanks for your time.
#16 of 236 Part II of Leasing Ford Escape Hybrid 4WD
May 01, 2006 (5:40 pm)
I should say that I would likely turn the vehicle in at the 36 month point, want to look at a 3/60 extended warranty because 3/36 wouldn't quite cut it and I would want a mileage allowance of at least 15,000. Leasing means I don't have to come up with the out of pocket lump taxes on $30k, that is a plus unless the money due at signing a lease is ridiculous. I also hope that the % financing is good on a Ford Red Carpet Lease and the fact my husband and I are 2 years into a 3 year lease on a Sport Trac isn't an issue for Ford Motor Credit.
#17 of 236 Current lease #'s
May 20, 2006 (4:41 pm)
Carman, what are the current lease #'s (resd and mf) on a 3 yr 10k (12k if that is the lowest) on an Escape Limited FWD.
Do you also have #'s on the Ford balloon note financing?
#18 of 236 Re: Leasing Ford Escape Hybrid 4WD [catlover15]
May 22, 2006 (2:16 am)
Hi Dana. You're right about hybrid models' lack of track record. This is why many banks have a tough time setting residual values for them. It is difficult to say what sort of repairs, like the replacement of the battery, hybrids will need down the road and how much these repairs will cost. For this reason, leasing one is a good idea. Unfortunately, the lease programs on most hybrids are not very good. If you were to lease a Ford Escape Hybrid through Ford Credit right now for 36 months, its base lease rate would be a whopping 9%! I find this strange because Ford has really been cranking up the incentives on the Escape Hybrid lately. Its special finance rates on it were enhanced to 0% for up to 60 months and 1.9% for 72 months. This is obviously a lot better than Ford's lease rate for this model. As a result, if I was in the market for one, I personally would probably finance it and just sell it after a couple of years if I did not like it or was concerned about its reliability.
If you do decide to lease this truck, make sure not to make any sort of capitalized cost reduction, aka down payment, on it. I always advise consumers not to make down payments when leasing because if their leased vehicle is stolen and never recovered or totaled in an accident, their down payment essentially disappears. You can still trade in your Taurus if you want, just have the dealer cut you a check for it. You should be able to lease this truck, only having to pay your first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 or $50 increment, Ford Credit's $595 acquisition fee, and any required state taxes or fees at signing.
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#19 of 236 Re: Current lease #'s [scott31]
May 22, 2006 (2:18 am)
Hello scott31. This truck's lease program varies depending upon what part of the country you are in. I would be happy to give you an idea of what its current lease program is like if you tell me what state you are in. Unfortunately, I do not personally keep tabs on banks' balloon note programs so I can't help you out there.
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#20 of 236 Escape lease
May 24, 2006 (10:55 am)
My apologies Car_man. I'm in VA
#21 of 236 Re: Leasing an 06 Escape XLT [Car_man]
Jun 08, 2006 (3:15 pm)
I live in Southern California (90266) and am interested in leasing a Ford Escape XLT 3.0. I was recently given the following quote from one of the local Ford dealerships...
- 36-month lease/12,000 miles per year
- $25,545 MSRP (includes a $1,500 Rebate)...no money down
- $352 monthly payment (includes taxes)
They're offering me a 1.5% APR and the only drive out fees are the first month's payment and a $210 DMV fee. Any idea if am getting a good deal? Is there any room for negotiation?
Jun 24, 2006 (6:51 am)
Hi Car Man
Can you explain the pro and cons with leasing and pros and cons with buying. Ford Escape or Jeep Cherokee 2006 in Las Vegas Nevada