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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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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. Mark.
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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. Mark.
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Replying to: mschmal (Sep 14, 2007 4:53 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...
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Replying to: gtucker4 (Sep 14, 2007 7:32 am) IUP, PDS, SAB, ABS/TC, AAT, 5spd. |
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Replying to: mschmal (Sep 14, 2007 4:42 am) |
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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 MSRP $35290 Selling price $32752 Tax 6% Thanks in advance for the help
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This discount was invoiced by the factory. It is not like a rebate or dealer cash that the dealer can claim. If the car did not get the discount at invoicing you can never get it on that car. As for a lease, you really can't mod the car, unless you plan to put everything back to stock at the end of the lease. Mark.
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Replying to: mschmal (Sep 15, 2007 5:36 am) I'd have to disagree with your assesment of the discounts. A good example would be on the '07 GT. The automatic transmissions were being discounted to free, and still are right now. Some cars had the discount on the sticker, some didn't, but since Ford has advertised it, you get it. You just have to make sure and ask, because we all know most dealers won't tell you how to save money. I'll just mention this when we do the deal for my wife's car this week. That brings me to my next question for CarMan. Can you tell me what the prime and subprime rates are right now on the '07 Mustangs? My wife has bad credit, and I'm trying to have her build it up with this upcoming car loan. When we bought our '06 Accords, Honda was running APR specials to get rid of them. We didn't get the best rate, because her score brought our cumulative score down on the joint credit app, but we got 5.14 APR, and I didn't even have a job at the time because I had just settled down from moving back to the U.S. I guess what I'm asking is, what kind of rate could she expect at 48 and 60 months respectively, taking the low advertised rates into account with her low 500 credit score? I'd just like to know if they start from the low rate, and mark it up, the same way they would do with a regular rate, and go from there. Any feedback would be greatly appreciated. Thanks. |
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Replying to: jfgobraves24 (Sep 14, 2007 2:45 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: gtucker4 (Sep 14, 2007 7:32 am) |
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