202 messages,
Last post on Jun 07, 2013 at 9:08 AM
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Ford Mustang, Car Leasing, Coupe, Convertible
#62 of 202 Re: V6 coupe balloon/lease [gtucker4]
by Car_man HOST
May 07, 2007 (4:06 am)
Hey gtucker4. I do not personally keep tabs on manufacturers' balloon note programs, but I would be happy to give you an idea of what Ford's current lease program for this car is like. Ford's lease program for the Mustang varies by trim level. A base 2007 Mustang Coupe's current 24 month, 15,000 mile per year base lease rate and residual value are 7.25% and 62%, respectively. The numbers for an otherwise identical 36 month lease are 6.5% and 51%. If you provide me with the full MSRP and selling price of the car that you are interested in, I will be happy to use the above lease programs to estimate what your monthly payment should be.
Car_man
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#63 of 202 Re: May APR/MF and Residuals for GT 36mo, 12kmiles [gforce11]
by Car_man HOST
May 07, 2007 (4:09 am)
Here's the latest info, gforce11. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Ford Mustang GT Coupe with 15,000 miles per year are 6.5% and 55%, respectively. Its 12,000 mile per year residual value is 2% higher.
Car_man
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#64 of 202 Re: V6 coupe balloon/lease [Car_man]
by gtucker4
May 07, 2007 (1:39 pm)
Thanks Car_Man, I was wondering if I'd ever hear back from ya...
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!
#65 of 202 Re: May APR/MF and Residuals for GT 36mo, 12kmiles [Car_man]
by gforce11
May 07, 2007 (3:54 pm)
Thanks Carman! So far, the Ford folks have not been jerking me around on the MF and the residual. However, I was wondering if anyone knew whether the rebates applies to the leases ($1995 or $1645). I was told that the $1000 cash back doesn't apply to leases. But the $645 (or $995) does. Anyone have any ideas whether this is true?
#66 of 202 Re: V6 coupe balloon/lease [gtucker4]
by Car_man HOST
Jun 08, 2007 (3:29 am)
No problem, gtucker4. Is $24,420 this car's MSRP or selling price? I need both to estimate what its lease payment should be.
Car_man
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#67 of 202 Re: May APR/MF and Residuals for GT 36mo, 12kmiles [gforce11]
by Car_man HOST
Jun 08, 2007 (3:31 am)
You're very welcome, gforce11. What you were told is correct. The $1,000 customer cash that Ford is providing on the 2007 Mustang is not available on leases of it through Ford Credit, but the $995 and $645 bonus cash is.
Car_man
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#68 of 202 Re: May APR/MF and Residuals for GT 36mo, 12kmiles [gforce11]
by toto88
Aug 24, 2007 (10:43 am)
Car_man - I am stuck. I have been looking at 2007 Mustang Convertible with a V6, but after looking at the numbers from May it looks like leasing a GT might be about the same price. Are the rates (money factors and residuals) still the same in August?
#69 of 202 Re: May APR/MF and Residuals for GT 36mo, 12kmiles [toto88]
by Car_man HOST
Aug 29, 2007 (2:56 am)
Hi toto88. Ford's lease program for the Mustang is definitely different now than it was back in May. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Mustang Convertible V6 with 12,000 miles per year are 7.25% and 56%, respectively. The numbers for an otherwise identical lease of an '07 Mustang Convertible GT are 7.25% and 58%.
Car_man
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#70 of 202 Re: May APR/MF and Residuals for GT 36mo, 12kmiles [Car_man]
by gtucker4
Sep 12, 2007 (1:13 pm)
Hi CarMan,
Been a while since I last checked in. Right now, I'm looking at a V6 deluxe coup with an MSRP of $22,300. Right now, Ford's got $3000 in rebates, plus $500 in College cash off. Also, on FordDirect.com, under incentives for 72118, they seem to list a discount of $705 for the SAB and Active Anti Theft together as the Safety discount. All the other discounts are Premium trim specific, but the Safety one just says V6 Mustang, so I assume it's for Deluxe as well. This is all for '07 models by the way, and it seems like they don't care about marking down the GT's anymore, because there are no more advertised discounts on the '07s. Anyway, most dealers here have been stating how they'll match the factory discount, which if I purchased the vehicle, would be a grand total of $7205 off sticker, not bad! I'm just curios about the dealer holdback on these cars, and what my payment should be if I decided to lease the car instead. I know I wouldn't get the $3000 in rebates, but I think you still get $1000 off? That, plus the difference between MSRP and Invoice, and also the dealer holdback, would be what you may want to work the lease numbers at, for 24 and 36 months, respectively. Thanks again as always, and sorry for info dumping. I'll try to post smaller, and more regularly from now on...
#71 of 202 Re: May APR/MF and Residuals for GT 36mo, 12kmiles [gtucker4]
by cccompson
Sep 12, 2007 (5:43 pm)
Has any dealer actually offered to sell you one for $15,095 or is this just a calculation you've made?