- #64 of 203
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Re: is this a good deal? [lisad3]
by Car_man HOST
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Aug 24, 2006 (2:17 am)
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Replying to: lisad3 (Jul 10, 2006 8:31 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 203
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Re: Milan lease question [ivydlsk]
by Car_man HOST
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Aug 24, 2006 (2:23 am)
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Replying to: ivydlsk (Aug 22, 2006 2:19 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 203
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thanks car_man
by ivydlsk
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Aug 24, 2006 (4:35 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 203
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Re: Milan lease question [ivydlsk]
by lahiri
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Aug 24, 2006 (5:26 am)
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Replying to: ivydlsk (Aug 22, 2006 2:19 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 203
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Re: is this a good deal? [Car_man]
by BeamerMan
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Aug 25, 2006 (2:41 am)
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Replying to: Car_man (Aug 24, 2006 2:17 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 203
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Re: Milan V6 Premier NYC Lease - Did I get ripped off? [dlang]
by rj123456
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Aug 29, 2006 (11:58 pm)
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Replying to: dlang (Aug 17, 2006 1:16 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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- #71 of 203
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Re: Milan V6 Premier NYC Lease - Did I get ripped off? [rj123456]
by qtpykell
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Aug 30, 2006 (4:33 am)
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Replying to: rj123456 (Aug 29, 2006 11:58 pm)
rj123456, how long is your lease for? Also, do you know how much more it would have cost per month with NAV?
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- #72 of 203
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Re: Milan V6 Premier NYC Lease - Did I get ripped off? [rj123456]
by BeamerMan
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Aug 30, 2006 (5:05 am)
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Replying to: rj123456 (Aug 29, 2006 11:58 pm)
My gosh, how on earth did you get a lease payment that cheap? How many months ? The best I have seen is arounf 385.
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- #73 of 203
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Re: Milan V6 Premier NYC Lease - Did I get ripped off? [rj123456]
by dlang
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Aug 31, 2006 (4:29 pm)
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Replying to: rj123456 (Aug 29, 2006 11:58 pm)
Ford is NYC radio advertising Milan I4 lease at around $285 and not even $0 down. I know $337/month for Milan V6 fully loaded with sunroof (NAV??) is considered a very low price. Not sure about your market in Alabama.
Since we're both leasing and carrying higher insurance due to Ford lease requirements, my minimum car insurance is $3200/year and a Zephyr would be higher since costs more, and that's with lots of discounts.
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