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Prices Paid: Buying & Leasing Experiences 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
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Replying to: apprehensive (Nov 28, 2007 9:54 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: catlover15 (May 01, 2006 5:36 pm) I live in St. Louis and bought a 2008. Escape Hybrid a few months ago. I thought I was ready to scale down from an Expedition, but I've been frustrated, at times, when I can't carpool a load of kids or fill the cargo area with the extreme amount of equipment needed for my last 2 kids' softball tournaments. I feel like I made an error in downsizing too soon. It's with much regret that I'm thinking about selling this beautiful vehicle and buy something with 3 rows and more cargo room. My Escape is 2 wheel, loaded all the way, Leather, Nav, Satellite Radio, Heated seats, Sunroof, you name it. The color is black slate metallic - not really black, sometimes hints of the darkest blue, other times the darkest of green, I guess depending on the type of sunlight or lack of, but very cool, everybody comments about it. I know your posting is old, but I highly recommend this vehicle. I also live in the St. Louis area and the 2008 Escape Hybrid was hard to find. They had to ship it from out of town. Love the vehicle, 33mpg, Nice ride. |
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$229 a month lease for 12,000 miles a year, 36 months, no money down for a basic XLS. Is this decent lease pricing or should I be able to get it down farther. It is some kind of sign and drive/red carpet event. I am new to leases. I appreciate the help! Thanks
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Replying to: haftown (Apr 09, 2008 9:21 pm) In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible and then have the dealer calculate your monthly payment using its base lease rate. Ford Credit's current base lease rate on the 2008 Edge is 3.25%. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Can anyone tell me the current lease rates and residuals for both the 2008 Escape XLT 4WD V6 and the 2008 Escape XLT Limited V6. I feel I am currently being jerked around my the dealership I am working with. Thanks!
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Replying to: jcbusby (Sep 29, 2008 5:07 pm) For the 36m lease the residual dropped to 48% and rate up to 4.25%. Auto co's have gotten killed on leases in the last 2 years so residuals are plunging and most co's very hesitant to price aggresively beyond 24 months. Not the best time to lease. I think the better deal is to get a big discount off msrp and then also try to get a low rate and finance over 5 years.
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Replying to: brinks2 (Sep 30, 2008 7:53 pm) (a) getting the "big" discount off MSRP (b) getting a "low" rate (c) getting your money back on your investment Car companies aren't giving away cars anymore. Times are tight. Interest rates on traditional loans have gone up just as much as lease rates. The thing you have to remember is when you buy a car in most states you have to pay sales tax on the sale price up front. So if you buy a car that is $20,000 and your tax rate is 7%, you now have to crap out $21,400. Then when you are sick of the car in 3 years, you have to trade it off to a dealer who doesn't want your car. They barely give you trade-in value which is way less than they end up selling it for later on. So in the long run you are probably out at least the $1,400 sales tax plus around $3,000 you got dinked on your trade-in value. If you think leases have gone up $4,400 on a 36 month term you aren't seeing things the way I do. You just have to be smart and recognize the better lease deals from the horrible ones. Still, leasing is normally way smarter financially than buying a brand new car.
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Replying to: indianajohns (Oct 01, 2008 9:22 pm) But, yes if you want a new car every 3 years then leasing is the way to go, but not in states that tax the full vehicle price.
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Replying to: brinks2 (Oct 02, 2008 6:12 am) Also you are correct about the purchase option at the end of the lease. If anyone ever does this they are mentally ill. Paying sales tax AGAIN on a vehicle that you have ALREADY BEEN PAYING sales tax on is absolutely ridiculous. It's what I like to call leasing double jeopardy. |
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Not much posted here lately, anyone have the current lease rates and residuals for XLT and Limited Escapes, V6, 12K miles, 24/36/39 months? Employee pricing has some nice deals, hopefully the lease prices are just as good!
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