Last post on Dec 03, 2013 at 7:05 AM
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Ford Escape, Car Leasing, SUV
#46 of 233 Re: Ford Escape: LEASE [shouchien]
Jun 07, 2007 (2:50 am)
Hi shouchien. What you were told about this truck's lease payment being set by Ford is not true. Its lease program is set by Ford, but not its selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. It is important that you negotiate as low a selling price as possible on the Escape that you want before having the dealer calculate its lease payment.
I believe that Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Escape XLT 4WD with 12,000 miles per year are 1.25% and 46%, respectively.
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#47 of 233 Re: 2008 Escape Lease [nkco]
Jun 07, 2007 (2:56 am)
Hi nkco. I am sorry to say that I believe Ford pulled the plug on the $545 bonus cash that is was providing on the 2008 Escape Hybrid. It is now only available on the non-Hybrid model. This truck's lease program varies by term and mileage allowance. For now I will 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's current base lease rate and residual value for a 36 month lease of an '08 Escape Hybrid 4WD with 15,000 miles per year are 6.5% and 52%, respectively.
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#48 of 233 For Escape residual values?
Jun 09, 2007 (1:28 pm)
"The 2008 Ford Escape delivers as much as an 11-point improvement in 36-month residual value over the 2007 model and now outperforms several key competitors."
Car_man, We are also looking at a Ford Escape Hybrid. Is the above statement, that was in Ford's 2008 Escape Press release, true? At 52% it seems there was actually little or no improvement in 2008 residual values.
#49 of 233 2008 Escape Lease Questions
Jun 13, 2007 (7:58 am)
Our local dealer has a lease on a 2008 Escape 6 Cyl, AWD, XLT. $265/month for 39 months with only $1,695 down. This payment is prior to any taxes and is only valid on the Escape AWD XLT with the Sun/Satellite Package. I believe this is a national offering. Is it a good deal? .... and can it be negotiated? Thnaks.
#50 of 233 Re: 2008 Escape Lease Questions [rwbuck]
Jun 15, 2007 (6:39 am)
That seems to be a very good price - it would equal about $308 with zero down. I paid $292 for a base XLT w/ sun and satellite, 12k miles, nothing down but taxes and first payment.
The price quoted is probably for 10k miles per year, for the 12k mileage your payment would be about $10-15 per month higher.
I don't think you could negotiate much on this price, it is obviously below dealer invioce by a good margin.
#51 of 233 2007 Escape XLS or XLT
Jul 02, 2007 (8:52 pm)
We are looking for a 2007 XLS or XLT. They are getting harder to find, so I may not have a choice. We are located in Idaho but may have to go into Washington if that makes any difference.
Could you please provide me with the residuals and money factors for these trim levels for 36 months and 12k or 15k miles per year? Thank you in advance.
#52 of 233 Pricing info
Jul 07, 2007 (9:54 am)
Want to lease a 2008 Ford Escape XLS 2WD-4cyl. Interested in a 36month 15K lease term. Would like to know this vehicle's Ford Credit lease rate and residual value, as well as info on applicable dealer signing fees and available customer cashback incentives/rebates. And is it best to negotiate via email/phone with the dealer, or go in person? Thanks!
#53 of 233 July Lease Numbers
Jul 10, 2007 (9:42 am)
Heard back from the Ford dealer today:
4WD Escape 24mos/12k
APR of 0.75%
Residual of 62%
4WD Mariner is exactly the same EXCEPT:
Residual of 63%
Interesting that it has that extra +1%.
#54 of 233 Re: For Escape residual values? [rs1807]
Jul 18, 2007 (1:59 am)
Hi rs1807. Ford Credit's 36 month, 15,000 mile per year residual value for the 2008 Escape XLT 4WD is 52%. This compares to 43% for an otherwise identical lease of a 2007 model, which is a solid 9% improvement...but not quite the 11% that you mentioned. The Edge's residuals vary by trim level though so the spread might be different for other versions of this truck.
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#55 of 233 Re: 2008 Escape Lease Questions [rwbuck]
Jul 18, 2007 (2:02 am)
Greetings rwbuck. You never mentioned the selling price or MSRP of the Edge that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
For now I can tell you that manufacturers' advertised lease payments usually leave a little meat on the bone so to speak. I would not be surprised if you were able to negotiate a more attractive selling price on the Edge that you are interested in than the one that was used to arrive at the advertised payment. If you are able to do this, the monthly payment would drop a little.
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