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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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#7 of 92
Leasing an 06 Escape XLT by bpac
Jan 12, 2006 (12:45 pm)
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You should be able to lease an escape for Just under 300 a Month. If you hit them hard it may be less. I havee seen Explorer leases even cheaper but they guzzle gas
#8 of 92
Re: Leasing an 06 Escape XLT [bpac] by rws0131
Jan 12, 2006 (5:20 pm)
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Replying to: bpac (Jan 12, 2006 12:45 pm)

does anyone know the residuals for the escape? 24 month and 36 month? (12k a year)
#9 of 92
Lease price on a 06 Escape Limited by lucasperin
Jan 14, 2006 (8:19 am)
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I've just been offered 1750 down + 331.75/mo on a '06 Escape Limited + comfort + moonroof + safety for a 36 month / 12k lease. These are out of the door prices - they include a 6% tax.
 
Seems good enough, I'm taking it.
#10 of 92
Re: Leasing an 06 Escape XLT [rws0131] by Car_man HOST
Jan 20, 2006 (3:55 am)
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Replying to: rws0131 (Jan 12, 2006 5:20 pm)

Hi rws0131. Ford Credit's current 24 month, 12,000 miles per year residual value for the 2006 Escape XLT 4WD is 61%. Its current residual for a 36 month, 12,000 miles per year lease of this truck is 53%.
 
Car_man
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#11 of 92
Lease price on a 06 Escape Limited 4x4 by sargondizzo
Feb 09, 2006 (5:12 am)
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I have a trade in that will leave me with $3000 extra and this car has a $1500 incentive deal for a lease (so the dealer told me). That would make $4500 toward the lease price. The MSRP is 29,850 but I got them down to $28,000. They are offering me a lease with all fees and taxes included for $285/month for 36 months w/12k miles a year with a buy-out of 15,000. I only have to pay to transfer the plates and registration out of pocket. Is this a good deal? Please help I am located in NYC tax is 8.25
 
Thank You!
 
-Stacy
#12 of 92
Re: Lease price on a 06 Escape Limited 4x4 [sargondizzo] by Car_man HOST
Feb 10, 2006 (4:43 am)
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Replying to: sargondizzo (Feb 09, 2006 5:12 am)

Hi Stacy. Let me begin by saying that there's nothing wrong with trading your current vehicle in. If you want to do so though, have the dealer that you are working with cut you a check for it rather than using the proceeds from your trade as a down payment for your lease. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Focus would be exactly the same, regardless of whether you had put $3,000 down, or had made absolutely no down payment at all.
 
Let's work up a sample lease payment on the car that you are interested in using Ford's current lease program and see what we come up with. According to my calculations, if you were to lease a 2006 Ford Escape Limited 4WD with an MSRP of $29,850 and a selling price of $26,500 through Ford Credit right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $349. A $3,000 down payment would drop this monthly payment to around $263, but again you are better off not putting any money down.
 
Car_man
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#13 of 92
Re: Lease price on a 06 Escape Limited 4x4 [Car_man] by ezzell
Apr 20, 2006 (7:13 pm)
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Replying to: Car_man (Feb 10, 2006 4:43 am)

Car_man,
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 92
Re: Lease price on a 06 Escape Limited 4x4 [ezzell] by Car_man HOST
Apr 23, 2006 (5:50 am)
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Replying to: ezzell (Apr 20, 2006 7:13 pm)

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.
 
Car_man
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#15 of 92
Leasing Ford Escape Hybrid 4WD by catlover15
May 01, 2006 (5:36 pm)
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Car_man,
 
     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.
 
Dana
#16 of 92
Part II of Leasing Ford Escape Hybrid 4WD by catlover15
May 01, 2006 (5:40 pm)
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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.
 
Thanks again.
 
Dana

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