Last post on Mar 29, 2010 at 1:34 PM
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Mercury Mariner, Car Leasing, SUV
#18 of 20 Re: Current Lease Rates [gerry2]
Mar 17, 2010 (3:26 pm)
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)
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.
Prices Paid: Buying & Leasing Experiences Forum
#20 of 20 Coming to the end of the lease
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.