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Ford Fusion, Car Leasing, Sedan
#149 of 438 Re: 08 Fusion AWD SEL [Car_man]
Dec 27, 2007 (8:49 pm)
I'm considering a lease on a Ford Fusion and would greatly appreciate any feedback to make sure it's a reasonable deal. The car is a 2008 Ford Fusion SEL FWD with just about every option there is, including navigation, Sync, moon and tune and a spoiler. The MSRP of the car is $28,020, the quoted selling price over the phone is $25,810 minus the 500 rebate. The mileage if 16,500 for 36 months. I was emailed the following info on the 36 month lease: "money factor/ RCL rate 1.50, residual for 16,500 is .49 (49%).
The estimated monthly payment with $3,000 down is $324/month. I have never leased before and I am not sure if this is a good deal or not, or whether $3k down is too much for this car.
If anyone has any feedback please let me know. Thanks!
#150 of 438 Re: 08 Fusion AWD SEL [jmotts]
Dec 29, 2007 (9:18 am)
Never go with cash...always nothing down..if you total vehicle,God forbid) you are out $3000....I would offer $300.00 a month $0 down..all fees including acquistion fees incl in lease..all you pay up front is 1st month... registration and state taxes every month !!! I think you mean 12,000 miles a year !! (36,000 for total lease ) !
#151 of 438 Re: 08 Fusion AWD SEL [theking]
Dec 29, 2007 (8:35 pm)
theking: thanks for the response. I'd prefer not to have to put anything down so I'll give it a shot. As for the mileage, I was looking for a higher-mileage lease. I asked for pricing for 15,000 per year for a total of 45,000 miles over a three year lease. The mileage of 16,500 per year was quoted as being only $12 more per month than the 15,000 mile price. I don't think I'll need that many miles anyway, so it was a bit academic, but the mileage I quoted was correct. The higher the mileage the greater the change in the residual though, so I understand. Thanks again.
#152 of 438 Re: 08 Fusion AWD SEL [rpn914]
Dec 30, 2007 (10:12 am)
rpn, is the $2K down cash or part of the rebate, etc. What is the total amount you are taking out of your pocket. I ask, because I just closed on a deal on the same car with leather seats & moon/tune package - total amount out of pocket was $2K, I turned in a lease 3 months ealry - the dealer took one payment, Ford took the other 2 payments and the dealer also took approx. $650 in wear/tear charges. My total payment came out to $316 per month for 36 months. Lease factor was also 1.5% and residual around the same as yours. This is in NYC.
#153 of 438 Latest Lease Numbers?
Jan 27, 2008 (4:31 pm)
Anyone have the latest residuals and money fatctor and any rebates for a 36 month lease on a FWD Fusion SEL in South Florida?
#154 of 438 Re: 08 Ford Fusion V6 SEL lease
Feb 06, 2008 (3:37 pm)
Hello Hosts. Thank you for providing such good and advice.
I new to leasing finance so I'll include details that might allow you to form an opinion concerning a dealer's 3 yr/36,000 mile lease offer. I'm using the x plan.
2008 Ford Fusion SEL FWD. There are a lot of options. I won't include them here. The MSRP is 26660.00. The x plan price is 24926.94, Cap cost is 23926.94. Residual value is 14663. Depreciation is 9263.94. Rent charge is 2041. Total base payment 11305.08 /36 = 314.03 + 18.84 monthly sales tax = 332.87
The dealer did a credit check and said I qualified for 1.9% financing. I don't know if this has anything to do with the number grid Ford posts under Rebates and Incentives. Any opinions would be appreciated.
Thanks again. Brett.
#155 of 438 Re: Latest Lease Numbers? [737capt]
Feb 21, 2008 (3:33 am)
Here you go, 737capt. According to the latest information that I have seen, Ford Credit's current base lease rate and residual value for a 36 month lease of a 2008 Ford Fusion SEL 2WD with 15,000 miles per year in Florida are 1.5% and 52%, respectively. When negotiating your lease on this car, make sure to take the $1,,000 lease cash that Ford is currently providing on it into account.
Prices Paid: Buying & Leasing Experiences Forum
#156 of 438 Re: 08 Ford Fusion V6 SEL lease [nomyth36]
Feb 21, 2008 (3:52 am)
You're very welcome, Brett. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
You are fortunate that you are able to purchase, or in this case lease, the Fusion that you are interested in through Ford's X-Plan. The ability to do so should guarantee that you get an attractive selling price. If you want a conventional loan on this car, you can finance it through Ford Credit at 1.9% for 5 years. Ford Credit has different interest rates for leases though. Its base lease rate for a 36 month lease of an '08 Fusion is actually a little better, at 1.5%. If you decide to lease, make sure that the dealer you are working with uses this lease rate to calculate your monthly payment.
Prices Paid: Buying & Leasing Experiences Forum
#157 of 438 Ford Fusion SE 4cyl lease - 24 months
Feb 27, 2008 (2:31 pm)
Does Ford offer a 24 month lease on the Fusion SE 4 cylinder?
Looking for interest rate and residual for:
10k and/or 12k miles per year
I only need a car for a couple of years and would prefer a new vehicle.