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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

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


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#74 of 90
The Mustang I would buy. by mschmal
Sep 14, 2007 (4:53 am)
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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.
#75 of 90
Re: The Mustang I would buy. [mschmal] by gtucker4
Sep 14, 2007 (7:32 am)
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Replying to: mschmal (Sep 14, 2007 4:53 am)

Hi Mark,
 
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 90
Re: The Mustang I would buy. [gtucker4] by gtucker4
Sep 14, 2007 (7:39 am)
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Replying to: gtucker4 (Sep 14, 2007 7:32 am)

I forgot that it had power driver's seat as well.
 
IUP, PDS, SAB, ABS/TC, AAT, 5spd.
#77 of 90
Re: Understanding Car ads. [mschmal] by gtucker4
Sep 14, 2007 (7:43 am)
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Replying to: mschmal (Sep 14, 2007 4:42 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 90
Lease values for 08 mustang conv gt premium by jfgobraves24
Sep 14, 2007 (2:45 pm)
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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
#79 of 90
The Factory "safety package" discount by mschmal
Sep 15, 2007 (5:36 am)
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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.
#80 of 90
Re: The Factory "safety package" discount [mschmal] by gtucker4
Sep 16, 2007 (10:50 pm)
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Replying to: mschmal (Sep 15, 2007 5:36 am)

Hey Mark,
 
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.
#81 of 90
Re: Lease values for 08 mustang conv gt premium [jfgobraves24] by Car_man HOST
Nov 09, 2007 (3:38 am)
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Replying to: jfgobraves24 (Sep 14, 2007 2:45 pm)

Hi jfgobraves24. Here's the info that you're looking for. Ford Credit's base lease rate and residual value for a 36 month lease of a 2008 Ford Mustang Convertible GT with 15,000 miles per year are 6.5% and 59%, respectively. The residual value for an otherwise identical lease with only 12,000 miles per year would be 2% higher. Ford is currently providing $1,000 bonus cash on this car in most regions and an additional $500 lease cash on it in select areas.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#82 of 90
Re: The Mustang I would buy. [gtucker4] by waterdr
Dec 23, 2007 (5:48 pm)
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Replying to: gtucker4 (Sep 14, 2007 7:32 am)

Why would you lease a project car? That makes no sense.
#83 of 90
Question about Numbers by geoff11381
Feb 20, 2008 (11:20 am)
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Does any one know these numbers or could help me out how to figure them out?
I have gotten some preliminary #s from a dealer but they seem a bit high.
 
I am looking at a Mustang GT with MSRP $28465.
The X-Plan price of this car is: ______________
 
I have Ford X-Plan. I also have a $1000 certificate from Ford.
 
I would like to know:
36 month lease with $0 down at signing
12k miles/yr : __________
15k miles/yr : __________
 
36 month lease with taxes/fees down at signing (what are approx tax/fees $________)
12k miles/yr : __________
15k miles/yr : __________
 
60 month buy using X-plan + $1k certificate and incentive 3.9% financing __________
60 month buy using X-plan + $1k certificate and incentive $1500 off __________
 
What is the residual on this car 36 months with 12k: __________, 15k: __________
Another place I saw 61% and 59% respectively, is this correct?
 
Anyone who can help me would be greatly appreciated, I really hope to get this car into a range I can afford!!!!

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