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Ford Escape Lease Questions

219 messages,  Last post on May 22, 2013 at 3:10 PM

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

    

Messages Page 10 of 23

#86 of 219 Re: Any Lease Changes Rumored for June [mlt245] by Car_man HOST

Jun 05, 2009 (4:13 am)

Replying to: mlt245 (May 24, 2009 7:30 am)
Hi mlt245. Unfortunately, the attractive leases that were available several years ago in many cases are no longer available today. General Motors and Chrysler have completely stopped leasing and Ford has cut way back.
 
Ford is not currently providing any lease support on the 2009 Escape. If you really want one, you would be better off financing it through Ford Credit at 0% for 5 years.
 
Car_man
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#87 of 219 Now Leasing - nationwide? by neneeman

Jul 12, 2009 (10:58 pm)

Hi Car_man,
 
I'm in California but I recently visited NY, where I saw Ford Escape Lease Deals advertised. Is Ford now leasing the Escape - and in California? And, if so, what is the going lease data? Thanks

#88 of 219 Re: Now Leasing - nationwide? [neneeman] by Car_man HOST

Jul 16, 2009 (2:47 am)

Replying to: neneeman (Jul 12, 2009 10:58 pm)
Hi neneeman. Ford still is not leasing Escapes through Ford Credit. The advertisement that you saw must have been a dealer-specific ad containing information on a lease being run through an independent bank.
 
Car_man
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#89 of 219 Re: Now Leasing - nationwide? [Car_man] by neneeman

Jul 19, 2009 (10:16 am)

Replying to: Car_man (Jul 16, 2009 2:47 am)
Hi Car_man. Thanks. I was able to get a local dealer to offer me a lease through an independent bank with a cap cost below invoice. But, it came with a money factor of .00324 and residual of .42 for a 3yr - 12,000 miles - XLT. This seemed ridiculous. Is the dealer just baking profit into those numbers? Or, do you think that it is likely these are credible figures? I'm wondering if I can try to find a different bank (my credit score is 790), and if so, how do I do that? Thank you!

#90 of 219 Re: Now Leasing - nationwide? [neneeman] by kyfdx HOST

Jul 20, 2009 (7:10 am)

Replying to: neneeman (Jul 19, 2009 10:16 am)
You can try leasecompare.com... though, I doubt their banks have any numbers better than that.. Dealers have the same access to independent banks that they do.
 
When you lease through an independent bank, the only incentives have to come through the manufacturer, in the form of rebates or cap cost reductions.. The independent bank can only make money on the financing, itself.. and, they have the additional risk of the vehicle not being worth the residual.
 
I'd guess 42% is fairly generous for the real-world resale value of an Escape after 36 months.. and, 7.8% sounds about right for an interest rate, with nothing down and the residual risk involved.
 
regards,
kyfdx
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#91 of 219 Re: Now Leasing - nationwide? [neneeman] by Car_man HOST

Aug 20, 2009 (3:31 am)

Replying to: neneeman (Jul 19, 2009 10:16 am)
Hi neneeman. A lease rate of .00324 is high compared to the special lease rates that Ford Credit is offering on a number of other Ford division vehicles, however it is equivalent to an interest rate of around only 7.8%. That's about what I would expect the rate to be on an unsupported lease right now. I don't think that the 42% residual value is that unrealistic either.
 
These numbers aren't all that out of whack, it just really doesn't pay to lease unsupported vehicles in most instances. If I was interested in getting a 2009 Ford Escape, I would much rather finance it through Ford Credit at 0% for 60 months than lease it.
 
Car_man
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#92 of 219 Limited AWD and FWD Lease Numbers by justin3687

Nov 27, 2009 (6:40 pm)

Hey Car Man,
 
Can i get the residuals and money factor on the escape limited with AWD and FWD for a 36mo and 12k miles? Thanks!

#93 of 219 Re: Limited AWD and FWD Lease Numbers [justin3687] by Car_man HOST

Dec 07, 2009 (4:35 am)

Replying to: justin3687 (Nov 27, 2009 6:40 pm)
Hi justin3687. Ford's base lease rate for the 2010 Escape varies by region. Generally speaking, it is anywhere from 2.0% to 2.75%. If you tell me what state you are in, I'll gladly let you know what the exact rate is in your area.
 
Ford Credit's current residual value for a 36 month lease of a 2010 Escape Limited AWD with 12,000 miles per year is 50%. The resid for an otherwise identical lease of a FWD model is 49%.
 
Ford is providing a $500 cash incentive on leases of this truck in most areas (it's higher in a few). Make sure to take this cash into account when negotiating your lease.
 
Car_man
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#94 of 219 Current Escape #'s for AZ by bonesaz

Dec 08, 2009 (6:56 am)

Hi Car Man,
 
What is the current residual and money factor on the Escape for AZ, 36month, 12k miles.
 
Thanks

#95 of 219 End of Lease Ford Escape by robert_2010

Jan 01, 2010 (3:56 am)

Our lease is up in a month and we our under our miles, if we choose to purchase this vehical what are our options or advice. Do we have to put money down on purchasing this vehical we leased,?,,,,, payoff will be around 14,000. thanks Robert

Messages Page 10 of 23

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