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Ford Escape Lease Questions

92 messages,  Last post on Nov 27, 2009 at 5:40 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Ford Escape, Car Leasing, SUV


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#52 of 92
Pricing info by tjaisv
Jul 07, 2007 (9:54 am)
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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 92
July Lease Numbers by aepheme
Jul 10, 2007 (9:42 am)
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Heard back from the Ford dealer today:
 
4WD Escape 24mos/12k
$500 rebate
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 92
Re: For Escape residual values? [rs1807] by Car_man HOST
Jul 18, 2007 (1:59 am)
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Replying to: rs1807 (Jun 09, 2007 1:28 pm)

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.
 
Car_man
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#55 of 92
Re: 2008 Escape Lease Questions [rwbuck] by Car_man HOST
Jul 18, 2007 (2:02 am)
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Replying to: rwbuck (Jun 13, 2007 7:58 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.
 
Car_man
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#56 of 92
Re: 2007 Escape XLS or XLT [bnix82] by Car_man HOST
Jul 18, 2007 (2:07 am)
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Replying to: bnix82 (Jul 02, 2007 8:52 pm)

Hi bnix82. Unfortunately, as of July 10th Ford is no longer providing lease support on the 2007 Escape. If you really want to lease an Escape, you will probably have to go with a 2008 model. You can always finance the Escape that you are interested in at 0% for 5 years if you are set on going with an '07 model.
 
Car_man
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Prices Paid Forum
#57 of 92
Re: Pricing info [tjaisv] by Car_man HOST
Jul 18, 2007 (2:13 am)
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Replying to: tjaisv (Jul 07, 2007 9:54 am)

Here's the information that you're looking for, tjaisv. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2008 Escape XLS 2WD with 15,000 miles per year are 1.75% and 46%, respectively. I don't believe that Ford is providing any cash incentives on leases of this truck right now. If you were to lease one, at signing you would have to pay your first month's payment, Ford Credit's $595 acquisition fee, a security deposit equivalent to your monthly payment rounded up to the nearest $25 increment, and any required state taxes or fees.
 
As far as how to negotiate with dealers goes, I personally don't think that it matters if you do so via e-mail, the phone, or in person. Dealers always prefer that consumers physically visit them because they feel as though they have a much better chance of sealing the deal with a person who is actually in the showroom. Regardless of which method you choose, negotiate as low a selling price as possible and then have the dealer calculate your monthly payment using the aforementioned lease rate.
 
Car_man
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Prices Paid Forum
#58 of 92
Want to lease a '08 XLT AWD by afwife93
Sep 21, 2007 (12:09 pm)
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Hi Car man,
 
I noticed the last post on this topic dates back a few months. I am in the market for the above car and I'm wondering about the lease rate (money factor) and the residual value on this SUV for 24 & 36 months. Please shed some light so I can be enlightened when I head to the dealer. Thanks.
#59 of 92
New Lease by wildd
Oct 06, 2007 (7:33 am)
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Replying to: Car_man (May 22, 2006 2:18 am)

Hi, Car_man!
 
I am new to leasing program. So I have few questions.
 
1). Can I lease a car in one state NY and transfer it over to California?
 
2). As soon as I get a car, I would need to drive to California, If I am going to lease can dealers add extra let's say 3000 miles to the yearly mileage. Can they do that?
 
3). Do you think it's better to lease in the state where I am moving to or it doesn't really matter?
 
Thank you so much....
- D.
#60 of 92
Re: New Lease [wildd] by kyfdx HOST
Oct 06, 2007 (10:03 am)
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Replying to: wildd (Oct 06, 2007 7:33 am)

In NY, you pay tax upfront... In California, you pay on the monthly payment..
 
If you buy in NY, then immediately move to California, you will effectively be paying the sales tax twice. In this example, you definitely want to wait to lease a car in the state you are moving to.
 
regards,
kyfdx
#61 of 92
Escape by gowick
Oct 26, 2007 (5:45 am)
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Hey all....
 
Can you help me with lease rates and residuals, and perhaps leasing cash, on 2008 Escape.
 
Looking at 36-39 months I would guess and 12,000 per year.

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