- #61 of 179
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Re: Fusion SE 4 cyl. lease in the Mass and NH states [vwvw1]
by Car_man HOST
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Aug 24, 2006 (2:56 am)
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Replying to: vwvw1 (Jul 04, 2006 3:56 am)
Here's the information that you're looking for, vwvw1. 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 2006 Fusion SE with 12,000 miles per year are 3.5% and 50%, respectively in your area. When negotiating your lease on this car, make sure to take advantage of the $1,000 lease cash that Ford is currently providing on it. If you are not completely sold on leasing, you may be interested in a new promotion that Ford is launching tomorrow. It is going to provide 0% financing for up to 6 years on all 2006 models. This is a very compelling offer. Check out the following discussion for informaiton on how much you should pay for this model right now: "Ford Fusion: Prices Paid & Buying Experience".
Car_man
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- #62 of 179
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Re: Why lease [scape2]
by Car_man HOST
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Aug 24, 2006 (3:03 am)
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Replying to: scape2 (Jul 04, 2006 6:10 pm)
Hi scape2. Lease payments are comprised of two main parts, the interest portion and the depreciation portion. All vehicles depreciate, regardless of how you pay for them. With leases, consumers are just paying for their vehicles' depreciation as they go along instead of taking the hit all at one time like they would if they had purchased and then sold their vehicle. Consumers who enjoy driving a new vehicle every couple of years can theoretically come out the same by leasing a car or by financing / paying cash for the same vehicle and selling it after the same period of time. In fact, some models, especially many luxury vehicles like BMWs, have lease support but no other special promotions available on them. In these instances, it would be silly NOT to lease. One can save thousands of dollars by taking advantage of the special interest rates and inflated residual values that BMW is providing. The bottom line is that it varies depending upon the deals that are available, but leasing is often a very attractive way to finance a new vehicle.
Car_man
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- #63 of 179
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Re: First Lease [chee2]
by Car_man HOST
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Aug 24, 2006 (3:12 am)
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Replying to: chee2 (Jul 05, 2006 8:51 pm)
Hi chee2. The recent college graduate incentive that you mentioned is completely paid for by Ford and has nothing to do with your dealer. If you were able to combine it with the X-Plan I suspect that the dealer would allow you to do so. I know that the X-Plan is compatible with most normal cash incentives, like customer cash, Ford Credit bonuses, etc... but it is possible that the college grad promotion and the X-Plan are not compatible.
Something seems strange about the selling price that you were quoted for the Fusion that you are interested in. Ford is currently providing $1,000 lease cash on it that you are automatically entitled to, on top of the X-Plan discount yet the price that you were quoted is only $850 below MSRP. This is not right. Make sure that this dealer quotes you the correct price for this car or find a different one to work with.
On a related note, if you are not completely sold on leasing, tomorrow Ford is introducing 0% financing for up to 6 years on all 2006 models, including the Fusion. This is a very attractive offer that I personally would probably take advantage of if I was in the market for this car.
I haven't done any calculations, but I suspect that the Nissan Altima has a more attractive lease program than the Ford Fusion right now. Nissan does have an advertised lease for the Altima on its Web site. You must have just checked it before its promotions were updated for this month. Here is a link to its current advertised lease page: Nissan Advertised Leases.
Car_man
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- #64 of 179
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Re: is this a good deal? [lisad3]
by Car_man HOST
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Aug 24, 2006 (3:17 am)
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Replying to: lisad3 (Jul 10, 2006 9:31 am)
Welcome Lisad3. 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.
Mercury is running a very attractive lease promotion on the 2006 Milan this month. The advertised lease that you saw for this car is a pretty good deal. Keep in mind though that like with most manufacturers' advertised leases I suspect that there is a little meat left on the bone with this offer. The selling prices of leased vehicles are negotiable, just as if you were financing or paying cash for them. While manufacturers' advertised leases usually include some sort of discount off of full MSRP, they often leave a little room to negotiate. This makes sense if one thinks about it. Dealers would be pretty annoyed if their manufacturer advertised the thinnest possible deal on a car or truck. Negotiate the lowest possible selling price than you can and then have the dealer that you are working with calculate your car's payment using the special lease program. On a related note, Ford is introducing 0% financing for up to 6 years on all 2006 Mercury models tomorrow. You may want to consider taking advantage of this attractive offer instead of leasing.
Car_man
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- #66 of 179
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Re: Milan lease question [ivydlsk]
by Car_man HOST
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Aug 24, 2006 (3:23 am)
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Replying to: ivydlsk (Aug 22, 2006 3:19 pm)
Hi ivydlsk. You are right that lessees who purchase their vehicles at the lease-end are not charged an excess mileage penalty. Rather than leasing and then financing your vehicle's purchase option price at the end of your deal, I personally feel as though you would be better off taking advantage of the special promotion that Ford is introducing tomorrow. It is launching 0% financing for up to 6 years on all 2006 Ford, Lincoln, and Mercury models. Ford is going to be VERY, lenient about who it approves for this special rate so even though you are a college student there is a very good chance that you will qualify for it. This would be a better way for you to go than leasing and then financing at the end.
Car_man
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- #67 of 179
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thanks car_man
by ivydlsk
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Aug 24, 2006 (5:35 am)
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Thanks. I heard about the 0% yesterday and I am going to go see about it today. Here's hoping.........
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- #68 of 179
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Re: Milan lease question [ivydlsk]
by lahiri
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Aug 24, 2006 (6:26 am)
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Replying to: ivydlsk (Aug 22, 2006 3:19 pm)
Lease a Fusion/ Milan and when the lease ends buy a different used and preferably certified Fusion/ Milan (i.e. instead of buying the one you are returning, buy one someone else is returning). Buying the same car costs you a lot more - Ford/ Mercury has poor resale value and that means you can save $3000-$5000 if you follow my suggestions.
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- #69 of 179
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Re: is this a good deal? [Car_man]
by BeamerMan
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Aug 25, 2006 (3:41 am)
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Replying to: Car_man (Aug 24, 2006 3:17 am)
Hi Car Man, I know this is probably the wrong place but I can,t seem to find anyone talking about 2007 Lincoln lease rates. Looking at 07 MKZ. What would be a good starting rate? 2.0 percent? Do you think Ford will come out of the gates with incentives? Wayne.
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- #70 of 179
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Re: Milan V6 Premier NYC Lease - Did I get ripped off? [dlang]
by rj123456
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Aug 30, 2006 (12:58 am)
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Replying to: dlang (Aug 17, 2006 2:16 am)
I think this is high. I leased a 2006 Zephyr on Memorial day for $293 OTD with ZERO down. Has all options except NAV and Sunroof - does the Milan V6 Premier have these?
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