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Prices Paid: Buying & Leasing Experiences Ford Mustang Lease Questions
90 messages, Last post on Apr 10, 2008 at 2:31 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hey CarMan, I'm looking at leasing/ballooning a Mustang V6 right now. I'm in Little Rock, AR, but I've got an address in South Carolina I would use to register the car, because they get an extra $995 in customer cash. I'm going to switch the tags over after registration is complete, so for now, I'll use 29118 as the zip to do the deal. I'm only looking to keep the vehicle for 24 months, until the 2010 model comes out. I'm currently balloon financing both mine and my wife's 2006 Honda Accords, due to the tax laws regarding leasing here in AR. I've already negociated the price of the new cars down to the point where the negative equity added would still make the total sale price of the new cars less than the payoffs of both Hondas, so I'm thinking I should be able to get a manageable payment, but I know that depends on rates and money factors. Another site lists the V6 coupe as having a 63% ALG residual for 24 months, and 52% for 36 months. Total price for the one I'm trading for my use will be $22,025 with all rebates factored in, as well as what I'm upside down in the Honda for. The payoff for 30 Apr 07 on the Honda is $22,090 and I have exactly 23 payments on it totalling $8446 until the balloon is due, which I have no intentions on paying. I'm wondering what my payments would be like on a 24 month balloon or lease, and I'm also curious about the 36 month term as well. The dealership kept asking me who I was financed through for my Hondas, guess they were trying to get an idea about my credit rating. AHFC all the way, and I didn't think the 5.14% is that bad, considering I didn't even have a job at the time, because I had just come back from overseas a few months prior to that. Thanks in advance for any help you can give me.
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Carman, I am contemplating a lease end of the month for a 07 GT. I was wondering if the MF and Residual have/will changed from April's 6.5%, 57%. Any ideas? Thanks.
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Replying to: gtucker4 (Apr 20, 2007 3:10 am) Car_man Host Prices Paid Forum
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Replying to: gforce11 (May 01, 2007 1:11 pm) Car_man Host Prices Paid Forum
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Replying to: Car_man (May 07, 2007 4:06 am)  The most expensive one I'm looking at is $24,420 after taking all rebates and negative equity into account. I don't plan on putting any money down unless I have to, so you can work the numbers with $0 down. Please let me know how each $1000 down would affect the monthly payment at 24 and 36 months, I'm just curious to know how things would change. Thanks again!
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Replying to: Car_man (May 07, 2007 4:09 am)
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Replying to: gtucker4 (May 07, 2007 1:39 pm) Car_man Host Prices Paid Forum |
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Replying to: gforce11 (May 07, 2007 3:54 pm) Car_man Host Prices Paid Forum |
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Replying to: gforce11 (May 07, 2007 3:54 pm)
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Replying to: toto88 (Aug 24, 2007 10:43 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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