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Ford Escape Lease Questions

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

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

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#89 of 92 Re: Now Leasing - nationwide? [Car_man] by neneeman Jul 19, 2009 (9:16 am)
Replying to: Car_man (Jul 16, 2009 1:47 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! Replies to this message: kyfdx (Jul 20, 2009 6:10 am) Car_man (Aug 20, 2009 2:31 am)
#90 of 92 Re: Now Leasing - nationwide? [neneeman] by kyfdx HOST Jul 20, 2009 (6:10 am)
Replying to: neneeman (Jul 19, 2009 9:16 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 Host-Prices Paid Forums
#91 of 92 Re: Now Leasing - nationwide? [neneeman] by Car_man HOST Aug 20, 2009 (2:31 am)
Replying to: neneeman (Jul 19, 2009 9:16 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 Host Prices Paid: Buying & Leasing Experiences Forum
#92 of 92 Limited AWD and FWD Lease Numbers by justin3687 Nov 27, 2009 (5:40 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!

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