- #32 of 92
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Dealing with salespersons
by sparty3
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Oct 04, 2006 (3:52 pm)
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Can someone please tell me if Ford Credit sets the residual values and acquisition fees. And if so, are these negotiable? when leasing a car?
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- #33 of 92
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Re: In negotiations [sparty3]
by Car_man HOST
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Oct 11, 2006 (2:22 am)
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Replying to: sparty3 (Oct 03, 2006 7:57 am)
Hi sparty3. Ford's cash incentives and lease program for the 2007 Escape vary by region. I would be happy to tell you what they currently are for your area if you tell me what state you are in.
Car_man
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- #34 of 92
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Re: Dealing with salespersons [sparty3]
by Car_man HOST
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Oct 11, 2006 (2:24 am)
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Replying to: sparty3 (Oct 04, 2006 3:52 pm)
Hi again sparty3. Vehicles' residual values are set by banks and individual dealers do not have the authority to alter them. Acquisition fees on leases are set by banks too, but dealers sometimes have the ability to mark them up to add additional back-end profit to deals. The last time that I checked, Ford Credit's base lease acquisition fee was $595.
Car_man
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- #35 of 92
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Re: Ford Escape: Lease Questions [Car_man]
by ron1958
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Apr 10, 2007 (8:49 am)
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Replying to: Car_man (Aug 31, 2005 2:54 am)
Car Man
I ordered a 2008 Ford Escape XLT 4cyl FWD from dealer, since they had none in stock. He quoted me xplan price at time of order, but could not give me a lease payment. Can you tell me what the current money factor and residual should be on this vehicle? Also, what are the other customary fees that I will be expected to pay at signing?
I did not sign anything to order this vehicle, all I did was leave a refundable $300 deposit, so I can walk after the vehicle arrives if the deal is not good.
Thanks.
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- #36 of 92
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Re: Ford Escape: Lease Questions [ron1958]
by Car_man HOST
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Apr 16, 2007 (1:47 am)
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Replying to: ron1958 (Apr 10, 2007 8:49 am)
I'd be happy to help you out, ron1958. This truck's lease program varies by term and mileage allowance. For now I am going to assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Ford Escape XLT 2WD with 15,000 miles per year are 1.75% and 51%, respectively. As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. One can convert its published lease rates into approximate money factor equivalents by dividing them by 2400.
Car_man
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- #37 of 92
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Re: Ford Escape: Lease Questions [Car_man]
by ron1958
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Apr 19, 2007 (7:35 am)
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Replying to: Car_man (Apr 16, 2007 1:47 am)
Car Man
Thanks for the reply. The Escape I'm interested in is a 2008, not 2007. Do you have those figures? Also, looking at 12k per year 36mo lease.
Thanks!
-Ron
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- #38 of 92
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2007 Escape Lease
by msully1090
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Apr 25, 2007 (5:42 pm)
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">Just leased an 07 Escape XLT, Leather seats, sun/sound, roof rack in the central vermont area. Not your average lease mileage though. I did a 19.5K/39 month, $700 is what I put down, and the Wear/Tear program for $500 (normally $650) Tax, Title, Reg built in to the lease as well. monthly comes out to $412. Incentives applied were $2500 and they make the first payment. To me this seems to be a fair price considering it was agreed upon at $300 over Invoice. Realizing that this is already a done deal, was this a good deal?
Thanks
Msully
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- #39 of 92
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Re: Ford Escape: Lease Questions [ron1958]
by Car_man HOST
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May 07, 2007 (2:03 am)
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Replying to: ron1958 (Apr 19, 2007 7:35 am)
No problem, Ron. The 2007 that I posted was actually a typo, sorry about that. Those are the numbers for the 2008 Escape. I'm just so used to typing '07 .
Car_man
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- #40 of 92
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Re: 2007 Escape Lease [msully1090]
by Car_man HOST
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May 07, 2007 (2:09 am)
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Replying to: msully1090 (Apr 25, 2007 5:42 pm)
Hi Msully. $500 over dealer invoice is a very good price for a Ford Escape, as long as it is before the deduction of any available cash incentives. Assuming that the dealer that you got your Escape from used Ford Credit's 39 month base lease rate of 1.25% to calculate your monthly payment, it probably did because Ford dealers rarely seem to mark lease rates up, you got a very good deal. Enjoy your new truck!
Car_man
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- #41 of 92
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Re: Ford Escape: Lease Questions [Car_man]
by ron1958
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May 07, 2007 (3:01 pm)
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Replying to: Car_man (May 07, 2007 2:03 am)
5 weeks later, the 2008 Escape I ordered came in - we closed the deal at $292 per month, with taxes and aquisition fee down (12k per year, 39 months) This is for a 4cyl XLT FWD w/ Sun and Satellite and convenience package. I had an X plan PIN, total sale price was about $50 below invoice, not including $545 rebate. Nice looking vehicle for the price, we are very happy with it so far.
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