218 messages,
Last post on May 21, 2013 at 5:52 AM
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Ford Escape, Car Leasing, SUV
#91 of 218 Re: Now Leasing - nationwide? [neneeman]
by Car_man HOST
Aug 20, 2009 (3:31 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 218 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 218 Re: Limited AWD and FWD Lease Numbers [justin3687]
by Car_man HOST
Dec 07, 2009 (4:35 am)
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 218 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 218 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
#96 of 218 Re: Current Escape #'s for AZ [bonesaz]
by Car_man HOST
Jan 06, 2010 (4:04 am)
Hi bonesaz. Sorry for the delay in my response, I took some time off for the holidays. Here's the information that you're looking for.
Through January 11th, in your area Ford Credit's current base lease rate and residual value for a 36 month lease of a 2010 Escape XLT 2WD with 12,000 miles per year are 2.0% and 46%, respectively.
This truck's lease program varies by trim level. I provided you with the numbers for a common variant of it. Let me know if you want something different.
Car_man
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#97 of 218 Re: End of Lease Ford Escape [robert_2010]
by Car_man HOST
Jan 06, 2010 (4:06 am)
Welcome Robert. In order to determine whether you should purchase your vehicle at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your car or truck's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.
As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values".
If your vehicle's purchase price is less than or similar to its current value on the open market then you may want to consider buying it. If not, walk away.
Good luck and let us know if you have any other questions and how everything turns out.
Car_man
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#98 of 218 Lease Residual and MF
by kevinrm
Feb 22, 2010 (2:21 pm)
Hi Car_man,
Are you able to provide me with the current residual and money factor for a 36-month/10,500 mile Escape XLS (FWD, AT) lease in Southern California? Thank you.
#99 of 218 Re: Lease Residual and MF [kevinrm]
by Car_man HOST
Mar 04, 2010 (3:56 am)
Hi kevinrm. Here's the information that you're looking for. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2010 Escape XLS FWD with 10,500 miles per year are 3.0% and 45%, respectively.
When negotiating your lease on this truck, make sure to take advantage of the $1,750 cash incentive that is currently available on leases of it in your region.
Car_man
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#100 of 218 Re: Lease Residual and MF [Car_man]
by aces_full
Mar 07, 2010 (8:46 pm)
Hi Car_man,
I just recently signed up to the forum and was looking into escapes. Can you please provide the March residual and money factor data as well as incentives/rebates for a 2010 Escape Limited AWD and also the same for the XLT AWD? I live in MA.
Thank you!
aces_full