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Ford Mustang, Car Leasing, Coupe, Convertible
#69 of 201 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%.
Prices Paid: Buying & Leasing Experiences Forum
#70 of 201 Re: May APR/MF and Residuals for GT 36mo, 12kmiles [Car_man]
Sep 12, 2007 (1:13 pm)
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 201 Re: May APR/MF and Residuals for GT 36mo, 12kmiles [gtucker4]
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?
#72 of 201 Re: May APR/MF and Residuals for GT 36mo, 12kmiles [cccompson]
Sep 12, 2007 (8:38 pm)
It's just a logical calculation based off of the current incentives, and what certain dealers have been advertising. I was just using the rebates for the dealer match, could have been more unrealistic and factored in them matching the college discount AND the saftety discount. Had similar negociations to this last year with a Mazdaspeed6, and actually got ready to sign, before the wacky lease complications here in AR came to pass. Also keep in mine, the car I'm number crunching on is basically a bare 5spd V6, except for the SAB, ABS/TC, Alarm, and IUP.
#73 of 201 Understanding Car ads.
Sep 14, 2007 (4:42 am)
1. Must car dealer ads newspapers are so full of fineprint BS that IMHO I would not even shop at a dealer that used price or payment advertising on specific models unless the dealer was just repeating national ads from Ford.
2. That airbag/alarm discount that you saw was a "factory discount" and is only offered on Job 1 builds its not necessarily on ever car out there, or even on the car that you saw. If the car does have this "factory discount" it is already included in the sticker price, so it really doesn't come into play.
3. I couldn't find a Mustang Dlx in my region with an MSRP of $22,300. However I did find one for $22,510. Options are Auto, Pwr Seat, Sd Air Bags, and ABS/TC.
MSRP $22,510. Invoice is $21,273. Holdback is $653.
Accordingly, a dealers net net on this car is $20,620.
Rebates: There are $3,000 in rebates with your $500 college grad rebates. Assuming the dealer will sell you a car for net net, that brings me to $17620.
If you can find a dealer that will sell you a car BELOW his net net cost, then there is going to be a catch, or somethign the dealer isn't disclosing. Like that the car is not new.
In general, If you are considering a new car that has more than a few hundred miles on it you might want to run a Car Fax to deterimine that it is still a new not previously titled vehicle.
#74 of 201 The Mustang I would buy.
Sep 14, 2007 (4:53 am)
IMHO, the Mustang you should buy is a Premium with IUP, Pny Pkg, Sd Air Bags, Sirius, and ABS/TC.
I have 2 on my lot with the "performance package" discount and the MSRP is $23,770. Invoice is $22,399. Hd Bck is $691. Rebates are the same.
For the Extra $1100 you are getting the Pony Pkg, the Interior Upgrade Package and Sirius with the Shker 500.
Thats alot of stuff for not a not that much money.
At my dealer, we only order our V6 Mustangs as Premiums with Pny Pkg, IUP and Sirius. Some have side bags, some have leather etc but none are Dlxes and none do not have the IUP.
If you buy a deluxe, you'll also find that the depreciation is steeper as this is the "rental car" version.
Remember, the Pony Package adds the GT suspension to the V6. Ford doesn't really advertise this cause they don't want to scare the wussies away who are worried that the ride is harsher. However, you can easily look under the back bumper and the rear anti-sway bar is clearly visible on Pny Pkg cars and missing on the non Pny cars.
Also the base car has smaller wheels and crappy tires.
#75 of 201 Re: The Mustang I would buy. [mschmal]
Sep 14, 2007 (7:32 am)
The one I'm looking at is a dlx with 5spd, IUP, ABS/TC, SAB, and the Anti-Theft system. The reason I like this, is because the Shaker radio is garbage, and I don't want to pay for something I'll replace anyway. Same goes for the wheels and tires, upgrade would make the Pony Package wheels a waste. This is going to be a project car, so I want to start with as few options as possible, but still want the safety features that SHOULD have come standard in the first place. If you check this link...
http://www86.forddirect.fordvehicles.com/Dispatch.jsp?processZipCode=&__action2=- &.CurrentState=IncentivesGrid&processModel=true&selectModel=2007+Mustang&zipCode- =72118&statetoken=
That job code restriction is not advertised, so you and I both know that if a customer pushes the issue, they'll most likely win. I'm just curious to see what the holdback would be on that car, and if Carman would be able to work a 24-36 month lease on one. On a side note, I think it's lame that AR dealers won't(not can't)balloon finance vehicles, even though Ford offers it as a finance option...
#76 of 201 Re: The Mustang I would buy. [gtucker4]
Sep 14, 2007 (7:39 am)
I forgot that it had power driver's seat as well.
IUP, PDS, SAB, ABS/TC, AAT, 5spd.
#77 of 201 Re: Understanding Car ads. [mschmal]
Sep 14, 2007 (7:43 am)
Oh, and the rebates in my region are $2000+$1000 swap cash+ $500 college rebate. That would put the price of that auto you told me about at $17,120.
#78 of 201 Lease values for 08 mustang conv gt premium
Sep 14, 2007 (2:45 pm)
Can I get the residuals an money factor to lease an 08 mustang conv gt premium.
36 months both 12k miles and 15k miles
Info on car
Selling price $32752
Thanks in advance for the help