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Mercury Mariner Lease Questions - READ ONLY

20 messages,  Last post on Mar 29, 2010 at 1:34 PM

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What is this discussion about? Mercury Mariner, Car Leasing, SUV

Messages Page 2 of 2

#11 of 20 Re: New Mercury Mariner Lease [kmom] by illiniram

Apr 17, 2006 (7:52 pm)

Replying to: kmom (Apr 11, 2006 7:13 am)
What was the sticker price of the mariner you leased for $288. My Mercury dealer didn't know anything about the red carpet lease. Did they try to sell you the wear and tear option for when the vehicle is turned in? Was this a 36 month lease? Also, what was the residual %.
 
I am looking at a Mariner with a sticker of around $26,900 and being quoted a 36 month lease of approximately $314. Also, did your lease have a Mercury acquisition cost of approx $630? My salesman said this is added to every Mercury lease.
 
Thanks,
Roger K.

#12 of 20 Re: New Mercury Mariner Lease [illiniram] by kmom

Apr 18, 2006 (7:13 am)

Replying to: illiniram (Apr 17, 2006 7:52 pm)
Our dealer claimed to know nothing about the red carpet lease at first either. Apparently Mercury came up with that deal based on particular features so that the residual value is high enough. So you have to get one with those specific options. We actually wanted a more base model but the lease payment would have been higher. We are waiting until next week to pick up delivery and we have until then to purchase the wear and tear but we have to pay cash for it. What is your opinion of this. I would turn it down we lan on taking care of the vehicle and keeping it clean but we have kids. We've never leased before so is this a good deal? The lease is 39 months not 36 and you get 1000 miles per month with a charge of 15 cents for every mile over. I believe the sticker price was 26,900 but in the lease agreement the agreed upon price of the vehicle is 24,000 which I know was below sticker price. Acquisition fee of 595 and documentation of 345. Or in other words profit margin. But these fees are all roled into the lease, still we did not put $1 down and our lease payment is $288 + sales tax. We could have gotten a payment of $279 but they had one coming in sooner with the airbags which I wanted. The side impact airbags are not one of the required options for the lease deal. So the $314 may be the $270 plus sales tax. Purchase at end of lease option is $14017. From what I have read mercury doesn't really want to lease these they want to get you into the showroom. But if you are firm they will make good on the deal. If you compare to other leases it is a really sweet deal. If one dealer won't cooperate go to another. Use cars.com. You can do your negotiations from home with another dealer. hope this answers some questions.

#13 of 20 Re: Mercury Mariner: Lease Questions [Car_man] by ad12

May 30, 2007 (3:00 pm)

Replying to: Car_man (Aug 31, 2005 4:59 pm)
Hi, we'd like to lease a 2008 Mariner Hybrid... It has been difficult to obtain quotes for one but I have found a GM at a dealer who's willing to work with me. The money factors for hybrids are pretty brutal, nonetheless, I have a deal on the table I'm considering:
 
MSRP: $31,755
Sale Price: $200 over invoice minus the $195 rebate = $29,082
He may give us trade equity on our current leased vehicle that has extremely low miles in the amount of: $1150
Adj Cap Cost: $27,754
Residual: $17,685
% to factor: 5.75%
39 months, 10,000 miles low mileage lease for wife who doesn't drive much.
Payment ($366), incl. WA. state sales tax: $399
 
Does this sound right? And all things considered regarding the difficulty of leasing a hybrid, is it a decent deal? It's only $7 more than our current payment on a VW Touareg...
 
Thanks for any input!

#14 of 20 2008 Mariner Lease by jramm

Jul 01, 2007 (11:14 am)

Trying to find residual and money factor for 2008 Mariner Premier FWD. I'm still looking into several vehicles and trying to work the numbers on each. I've started contacting dealers but haven't gotten any details from them at this point. Can I expect them to share this information prior to going in and sitting down with them?
 
Thanks.

#15 of 20 Difficulty of leasing Mariner Hybrid by sheyerly

Jul 05, 2007 (10:42 pm)

I own my own business and leasing is the best way to go for me for tax purposes. I tried to lease a hybrid Mariner today and the lowest I could get them was $660.00 per month. It was actually less to purchase this vehicle. I have never heard of such a thing. After discussing this they offered me a conventional Mariner for 340.00 per month. I declined both and left. It is very frustrating that I am trying to help the environment and I am being penalized. On top of that I live in Los Angeles where everyone is on the whole "environmental" craze.So, you would think that they would offer great deals. I am definitely going to take my time and check out other dealerships to see if there are better options. Any suggestions?

#16 of 20 Not worth leasing at current price point by craig001

Aug 02, 2009 (9:19 pm)

I don't think that it's worth leasing these at their current price point. The extra money you pay will never be seen in fuel savings over a 36 month lease. I got mine for the "Hey I care about the environment factor," since the Explorer I got rid of only got 12.5 (V8/AWD). But this is just MHO.

#17 of 20 Current Lease Rates by gerry2

Mar 14, 2010 (1:27 pm)

Anyone have info on money factors and residuals for a 2010 Mariner Premier (4 cyl.) - residuals for 36 months - 12,000 and 15,000 miles would be helpful.
 
Thanks!
 
Gerry

#18 of 20 Re: Current Lease Rates [gerry2] by ccardamone

Mar 17, 2010 (3:26 pm)

Replying to: gerry2 (Mar 14, 2010 1:27 pm)
Hi Gerry:
 
I looked at the lease and decided to buy. The residuals, plus money down required on lease don't seem to make sense to me. I was able to lease a 2008 Escape XLT in March, 2008 for around $369 a month with nothing down but plates and good credit. Now the down payment for a 2010 Mariner was around $2,500 and the payment would be higher...I opted for the 0% offer for 48 months and put down the taxes and I feel my payment is reasonable (under $400). Hope that helps!

#19 of 20 Re: Current Lease Rates [gerry2] by Car_man HOST

Mar 22, 2010 (3:12 am)

Replying to: gerry2 (Mar 14, 2010 1:27 pm)
Hi Gerry. Ford credit's lease program often varies by region. You never mentioned what state you are in, so for now I will provide you with information on what I believe is the most common program for the vehicle that you are interested in.
 
Ford Credit's current base lease rate and residual value for a 36 month lease of a Mariner Premier 4WD with 15,000 miles per year are 3.0% and 48%, respectively.
 
If you were to lease this vehicle with only 12,000 miles per year, its residual value would be 2% higher.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#20 of 20 Coming to the end of the lease by mable91367

Mar 29, 2010 (1:34 pm)

I will make my last payment on a 2008 Mercuyr Mariner in October 2010. How many months in advance to Ford notify you?
 
Also, how many months would Ford finance you if you want to buy the car? I am not sure if I want to finance the car with Ford or go with Bank of America. I would like to have my payments as cheap as possible. Right now, my lease payment is $362.
 
My payoff will be $14000, and I only have 5000 miles on the car. Yes, that is correct, only 5000 miles. The car is in perfect condition. I have always taken the train to work, and I basically just drive the car on weekends.
 
I am in the state of California.
 
Thanks, Everyone!

Messages Page 2 of 2

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