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Ford Mustang Lease Questions

201 messages,  Last post on May 22, 2013 at 3:23 PM

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What is this discussion about? Ford Mustang, Car Leasing, Coupe, Convertible

    

Messages Page 1 of 20

#1 of 201 Ford Mustang: Lease Questions by Car_man HOST

Aug 31, 2005 (4:01 am)

Hi everyone. Please use the following discussion to post any questions that you have about leasing a Ford Mustang. Thanks.
 
Car_man
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#2 of 201 Re: Ford Mustang: Lease Questions [Car_man] by skiutahbob

Sep 13, 2005 (7:13 am)

Replying to: Car_man (Aug 31, 2005 4:01 am)
I recently ordered a Mustang GT coupe pretty much loaded. The sticker is an even $30,000, but I got the x-plan at $27,700. It arrives the 2nd week of October.
 
Can you tell me if they are using decent ratios for a lease right now...I may want a 24 month lease with an option to buy at the end if it looks good.
 
Thanks in advance for any tips.
 
Bob

#3 of 201 Re: Re: Ford Mustang: Lease Questions by Car_man HOST

Sep 15, 2005 (4:14 am)

Hi Bob. Since the redesigned Mustang has been so well received by the public, Ford has not needed to provide much in the way of lease support on it. As a result, it's current lease program is nothing special. If you were to lease a 2006 Mustang Coupe GT through Ford Credit right now for 24 months with 15,000 miles per year, its base lease rate and residual value should be 7.75% and 63%, respectively. At least you are getting this car for a great price through Ford's X-Plan.
 
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#4 of 201 Re: Re: Ford Mustang: Lease Questions [Car_man] by skiutahbob

Sep 15, 2005 (6:56 am)

Replying to: Car_man (Sep 15, 2005 4:14 am)
Thanks...I will probably just buy it with the information you provided. I was just considering a lease because I seem to go thru cars I buy every 2 years or so and thought a lease might take the hassle out of getting rid of the old one.
 
Thanks again.
 
Bob

#5 of 201 Some Questions by jsb5

Sep 15, 2005 (8:12 pm)

I am interested in getting a 2006 V6 Premium Coupe toward the end of the year. What are the interest rates and residual factors available for a 24 or 36 month lease with 12k or 15k?
 
Also, someone has offered me the use of their x-plan. How can I take advantage of this?
 
Finally, I am looking to get the car in January. When is the latest I can place my order?
 
Thanks for your input.
 
Jeff

#6 of 201 Re: Some Questions [jsb5] by skiutahbob

Sep 15, 2005 (8:33 pm)

Replying to: jsb5 (Sep 15, 2005 8:12 pm)
Jeff,
 
I'm 4 weeks into the wait for my 06 GT and the expected delivery is in 4 more weeks...so plan on 8 total. It took a full 2+ weeks to get a build date from Ford.
 
As for lease rates, 7.75% doesn't sound too good when loans can be found for around 5% right now.
 
Good luck.
 
Bob

#7 of 201 Re: Re: Re: Ford Mustang: Lease Questions by Car_man HOST

Sep 20, 2005 (3:30 am)

You're welcome Bob. I think that you are making a wise choice. Ford's lease program on the Mustang is just not very attractive right now.
 
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#8 of 201 Re: Some Questions by Car_man HOST

Sep 20, 2005 (3:34 am)

Hi Jeff. I can give you an idea of what the lease program is like on this car right now, but Ford's current program is only scheduled to run through October 3rd. It will be different when you take delivery of your car. If you were to lease a 2006 Ford Mustang V6 Premium Coupe through Ford Credit right now for 24 months with 15,000 miles per year, its base lease rate and residual value should be 7.75% and 56%, respectively. The numbers for an otherwise identical 36 month lease should be 7.75% and 46%. If you were to lease with only 12,000 miles per year, its residual values would be 2% higher. If you are able to purchase this car through Ford's X-Plan your lease payment will be based upon an attractive set price.
 
Car_man
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#9 of 201 Mustang problems by huddy32

Jan 05, 2006 (5:43 pm)

I just recently got a quote for a lease. my father is buying me a car for graduating college, and his brother works for ford so we get them on A-plan. but the point of all this is we looked at a v6 convertable we can get for 26,300 and the GT hardtop for 26600, ($300) difference right.. the lease quotes we got for both a 26 and 24 month lease 15,000 miles.. the were over 100 dollars difference. why is the GT's lease so much more. over 100 dollars on the 36 month and about 120 on the 24 month. the gt 24 month was about 460. i mean for 300 dollars more i can lease 5 series BMW. is this an error or do you think im getting screwed? the reason i am asking is my father wants a convertible because we are going to share this car and if i want to pay this diffence to get a gt convertible i could but i can't imagine the price difference between the gt and the convetible if the v6 convertible and the GT are that same price, would the lease payment be like $600. for the some reason the dealer would not give me a lease quote for all 3 of these cars just the v6 and the GT hardtop.. please help!!!!!!!!!!!!!!!!

#10 of 201 Re: Mustang problems [huddy32] by Car_man HOST

Jan 22, 2006 (8:18 am)

Replying to: huddy32 (Jan 05, 2006 5:43 pm)
Hello huddy32. The reason why there is such a big difference between these cars' lease payments is that Ford is providing a lot more lease support on Mustang V6 models than it is providing on GTs right now. I guess that there is a more ample supply of the base Mustangs or that the demand for them is not up to the level of demand for the GTs. Ford Credit's 24 month lease rate is only 1.0% for the base Mustang Convertible versus 7.75% for the Mustang GT Coupe. Similarly, the 36 month rates are 1.25% versus 8.0%. The residual values for the base Convertible are 1% higher than the GT Coupe's residual values as well. The exact difference this makes in lease payments will depend upon the MSRP and selling price of the cars that you are interested in, but it's safe to say that the GTs are a lot more expensive to lease than base Mustangs are right now.
 
Car_man
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