- #17 of 67
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Current lease #'s
by scott31
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May 20, 2006 (5:41 pm)
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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?
Thanks!
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- #18 of 67
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Re: Leasing Ford Escape Hybrid 4WD [catlover15]
by Car_man HOST
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May 22, 2006 (3:16 am)
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Replying to: catlover15 (May 01, 2006 6:36 pm)
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.
Car_man
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- #19 of 67
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Re: Current lease #'s [scott31]
by Car_man HOST
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May 22, 2006 (3:18 am)
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Replying to: scott31 (May 20, 2006 5:41 pm)
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.
Car_man
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- #20 of 67
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Escape lease
by scott31
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May 24, 2006 (11:55 am)
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My apologies Car_man. I'm in VA
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- #21 of 67
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Re: Leasing an 06 Escape XLT [Car_man]
by mkjr16
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Jun 08, 2006 (4:15 pm)
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Replying to: Car_man (Jan 20, 2006 4:55 am)
Hi Car_man,
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?
Thanks,
MK
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- #22 of 67
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Leasing Vs Buying
by inquisitive5
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Jun 24, 2006 (7:51 am)
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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
Niecey
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- #23 of 67
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Re: Escape lease [scott31]
by Car_man HOST
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Jul 03, 2006 (2:35 am)
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Replying to: scott31 (May 24, 2006 11:55 am)
No need to apologize, scott31. Most community members never mention where they live. OK, if you were to lease a 2006 Ford Escape Limited FWD through Ford Credit for 36 months with 10,500 miles per year on or before July 5th, its base lease rate and residual value should be around 2.75% and 51%.
Car_man
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- #24 of 67
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Re: Leasing an 06 Escape XLT [mkjr16]
by Car_man HOST
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Jul 03, 2006 (2:38 am)
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Replying to: mkjr16 (Jun 08, 2006 4:15 pm)
Hey MK. The lease rate that you were quoted for the Escape that you are interested in is very attractive and it's right in line with what Ford Credit's base lease rate is for this model right now. This is a good thing. It would be easier for me to give you my opinion of this deal if you were able to provide me with this truck's selling price. This is a very very important number for consumers to know. Without it, you don't know how much of a discount you are getting on the vehicle that you want to lease. Let me know what this number is and I'll tell you what I think.
Car_man
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- #25 of 67
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Re: Leasing Vs Buying [inquisitive5]
by Car_man HOST
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Jul 03, 2006 (2:44 am)
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Replying to: inquisitive5 (Jun 24, 2006 7:51 am)
Hi Niecey. Both of the trucks that you are interested in, the Ford Escape and Jeep Grand Cherokee, typically have attractive lease programs available on them. If I personally was in the market for either one of them I probably would lease. Having said this, there's nothing wrong with financing them through their captive finance companies or through an independent bank. The advantage of leasing is that you get to drive both of these trucks without paying much at signing and with a low monthly payment. One of the major disadvantages of leasing is that you're pretty much stuck with your truck for several years, or however long your lease is on it. Sure, consumers can get out of leases early, but it is usually fairly expensive to do so. Not to mention the fact that you never really "own" a leased vehicle.
Car_man
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- #26 of 67
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Re: Ford Escape: Lease Questions [Car_man]
by wildfire13
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Jul 20, 2006 (11:52 pm)
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Replying to: Car_man (Aug 31, 2005 3:54 am)
I am looking to lease a loaded 2007 Escape Hybrid 2wd for 3 years, 12K per year in Chicago, IL. I was wondering if anyone knew what they are using for a residual value? The MSRP is 34,905 cost 32,145, not sure what my x-plan price is yet. Thanks
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