199 messages,
Last post on May 15, 2013 at 7:22 PM
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Ford Mustang, Car Leasing, Coupe, Convertible
#90 of 199 Re: Need money factor and residual for 2008 Mustang V6 Premium Convertible
by Car_man HOST
Apr 10, 2008 (2:31 am)
Hello crestonave. Here is the information that you are looking for. You never mentioned how long you want to lease this car for or what mileage allowance you need, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Ford Credit's current base rate and residual value for a 36 month lease of a 2008 Mustang V6 Premium Convertible with 15,000 miles per year are 5.25% and 52%, respectively. As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. When you negotiate your lease on this car, make sure to take the $500 lease cash that is currently available on it into account.
Car_man
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#91 of 199 Buy car coming off lease?
by crestonave
Dec 28, 2009 (5:15 pm)
I have 2008 Mustang coming off lease end of March 2010. It was a two year lease, car is in nice shape, and I'm under mileage. I'm considering buying the car. I stopped to speak with a dealer today who told me that there is no flex in the buy out price - whatever is in the lease is what they'll sell the car for, and that there's no way they'll waive any of the three remaining payments on the car either. Anyone know if this is true? Should I check with another dealer? Thanks!
#92 of 199 Re: Buy car coming off lease? [crestonave]
by Car_man HOST
Jan 06, 2010 (3:59 am)
Hi crestonave. Unfortunately, more often than not consumers are unable to negotiate the end-of-term purchase prices of their leased vehicles. That doesn't mean that you shouldn't try to do so. I wouldn't bother involving any dealers when trying to negotiate the price of your car, they usually don't have any say in its price. Instead, place a call directly to Ford Credit and speak to them. If your initial contact there is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. Again, there is a good chance that they will not lower your vehicle's price, more often than not they won't, but you don't have anything to lose by asking.
Car_man
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#93 of 199 Current Mustang Lease money factor
by billybobjones
Apr 16, 2010 (6:51 am)
I'm interested in a 2011 Mustang GT and a local dealer offered to order one at $500 over invoice. I'm still shopping, but that sounds like a good price.
For business purposes, I'd like to lease. What should I expect for APR/money factor? Any incentives?
3 or 4 years, 12,000 miles/year.
Thanks.
#94 of 199 Re: Current Mustang Lease money factor [billybobjones]
by crestonave
Apr 16, 2010 (3:19 pm)
I recently inquired as to a lease on a 2010 Mustang - my 2008 is coming off lease in a couple of months - and more than one dealer told me that there were no leasing programs available on the Mustang. I would imagine that there wouldn't be any available on a 2011 either. Good luck.
#95 of 199 Re: Current Mustang Lease money factor [billybobjones]
by Car_man HOST
Apr 29, 2010 (3:45 am)
Hi billybobjones. Ford is not currently providing lease support on the 2011 Mustang. That means that you definitely do not want to lease one right now. Doing so would be very expensive. You would be better off financing one through Ford Credit at 0% for 3 years, 3.9% for 4 years, or 4.9% for 5 years.
Car_man
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#96 of 199 Re: Current Mustang Lease money factor [Car_man]
by billybobjones
Apr 29, 2010 (6:26 am)
The tax man has very different rules for leasing versus buying.
I found a third-party leasing company that says I can do a lease for between 3% and 5%.
Thanks.
#97 of 199 Re: Current Mustang Lease money factor [billybobjones]
by Car_man HOST
Apr 30, 2010 (2:28 am)
That's great news, billybobjones. I guess some independent bank out there is stepping up to the plate to fill in the void that Ford has left on this model. Thanks for the info and good luck in your negotiations.
Just be careful to evaluate the excess wear and tear / excess mileage charges and other fees that the bank charges carefully before signing anything. Independent banks don't have the vested interest in keeping you as a happy and hopefully loyal customer that manufacturers' captive finance companies do.
Car_man
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#98 of 199 2011 Mustang Pricing & Leasing Answers
by craigfordsales
Jun 09, 2010 (8:46 am)
Hello everyone! Anyone from the Metro Detroit area looking for pricing and other information on the all new 2011 Mustang - I am happy to help!! Craig
#99 of 199 2011 lease price
by runnernic
Jun 27, 2010 (4:13 pm)
hey everyone.... i am interested in leasing the 2011 ford mustang GT premium.... i need 12,000 miles a year adn 36 months... can anyone give me an idea of how much the lease payments would be monthly with no cap cost reduction thank u!