- #36 of 120
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Which one makes sense
by ccap
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Nov 30, 2006 (6:34 pm)
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Question... Would it be better to take the value of my trade $8,500, I own it 100%, and put it down on the car and purchase it, which would make the payments 650 for 5 years. I would have to pay sales tax and excise as it comes due. I would have to come up with $2k for sales tax and misc fees.
Or do I lease the vehicle for $632 month which includes sales and excise for 3 years. 2k for 1st, security dep and bank fees and the net of the 8,500 would come to me in a check from the dealer which would be 6300 which could go back in the bank.
What would you do? How best to analize this? I made a deal and need help asap!!!
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- #37 of 120
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Re: NY lease residuals [nyinsuranceguy]
by Car_man HOST
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Dec 04, 2006 (2:21 am)
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Replying to: nyinsuranceguy (Nov 06, 2006 3:04 pm)
Hey nyinsuranceguy. Yes, to convert a lease rate into an approximate money factor equivalent you need to divide it by 2400. Then just plug the factor into the formula that is described in the following article: Calculate Your Own Lease Payment.
Car_man
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- #38 of 120
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Re: Possibly considering the Expedition [sasuke]
by Car_man HOST
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Dec 04, 2006 (2:22 am)
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Replying to: sasuke (Nov 09, 2006 5:19 pm)
Greetings sasuke. You never mentioned the selling price or MSRP of the Expedition that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to work up a sample lease payment on the vehicle that you are interested in for you if you let me know what these numbers are.
Car_man
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- #39 of 120
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Re: Looking for 2007 Expedition XLT Lease in Dallas/FW, Texsa []
by Car_man HOST
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Dec 04, 2006 (2:34 am)
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Replying to: unknown (Nov 18, 2006 4:28 pm)
Unfortunately what you were told is correct. Ford is not currently offering much in the way of incentives on the 2007 Expedition in your area right now. If I was in the market for an Expedition right now, rather than leasing a 2007 model I personally would try to find a dealer that has a leftover 2006 model and either finance it through Ford Credit or an independent bank. If you finance an '06 Expedition through Ford Credit you can do so at an amazing 0% for 6 years and get a $1,000 cash incentive. If you finance it through an independent bank you can take advantage of $5,000 customer cash. This is the route that I would go if I was in your situation. I would be happy to work up a sample lease payment on the exact '07 Expedition that you are considering for you, however in order for me to do so I need you to provide me with its full MSRP and approximate selling price.
Car_man
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- #40 of 120
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Re: Which one makes sense [ccap]
by Car_man HOST
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Dec 04, 2006 (2:43 am)
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Replying to: ccap (Nov 30, 2006 6:34 pm)
You definitely have the right idea about not making a large down payment when leasing, ccap. Consumers who make one risk losing it if their vehicle is totaled or stolen. As I just mentioned to the previous poster, Ford is not currently offering much in the way of incentives on the 2007 Expedition in your area right now. If I was in the market for an Expedition right now, rather than leasing a 2007 model I personally would try to find a dealer that has a leftover 2006 model and either finance it through Ford Credit or an independent bank. If you finance an '06 Expedition through Ford Credit you can do so at an amazing 0% for 6 years and get a $1,000 cash incentive. If you finance it through an independent bank you can take advantage of $5,000 customer cash. This is the route that I would go if I was in your situation. If I had to go with an '07 model, I personally would probably still be inclined not to lease right now.
Car_man
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- #41 of 120
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Re: Which one makes sense [Car_man]
by ccap
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Dec 05, 2006 (11:45 am)
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Replying to: Car_man (Dec 04, 2006 2:43 am)
Thanks for the reply Car_Man,
I was getting $1,000 cash back that I was putting towards the lease. He is selling me the car for $800 over invoice. 1.5% rate with 51% residual equals 558 plus sales and excise.
Not a good deal???
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- #42 of 120
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07 EL Limited Lease Numbers
by cwa318
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Dec 29, 2006 (9:15 am)
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Car Man......
Do you have the current or perhaps the January lease information for Expedition EL Limited? Looking for 36 mon 15k...Thanks
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- #43 of 120
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Re: Which one makes sense [ccap]
by Car_man HOST
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Jan 11, 2007 (2:38 am)
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Replying to: ccap (Dec 05, 2006 11:45 am)
You're welcome, ccap. $800 over invoice minus any available cash incentives is a decent deal on an Expedition. Take the $1,000 that you are getting back and use it to pay the charges that you will have to pay at lease signing, like your truck's first month's payment, security deposit, and acquisition fee.
Car_man
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- #44 of 120
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Re: 07 EL Limited Lease Numbers [cwa318]
by Car_man HOST
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Jan 11, 2007 (2:41 am)
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Replying to: cwa318 (Dec 29, 2006 9:15 am)
Hi cwa318. This truck's lease program varies by region. It is better in the New York and Detroit areas than it is in the rest of the country. In most of the country, Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Ford Expedition EL 4WD with 15,000 miles per year are 2.5% and 48%, respectively.
Car_man
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- #45 of 120
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2007 Expedition Leases in Iowa
by iaudi
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Jan 17, 2007 (6:19 am)
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Carman,
I am looking at a 2007 Ford Expedition and I live in Des Moines, Iowa. Here are the details: I am curious the residual and money factor(%)for a 36 month lease.
2007 Ford Expedition Eddie Bauer
MSRP: 46,220
2000 down
probably 1500 trade in
I am hoping to finance around 40,000.
Thanks for your help
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