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Prices Paid: Buying & Leasing Experiences Mercury Mountaineer Lease Questions
44 messages, Last post on Nov 15, 2009 at 4:48 PM
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My 36-month,15K miles per year, lease on a 2007 Mercury Mountaineer is coming to an end in December. The Mercury is in good condition and has ~39K miles on it. I'd like to either buy the Mountaineer or a different CPO vehicle. I'm leaning toward returning the Mercury and just buying a different CPO vehicle in order to get a vehicle with a slightly smaller profile and better gas mileage. On my short-list are the used Toyota RAV-4 and used Subaru Forester. The buy-out price on the contract for the Mountaineer is just under TMV value, so it seems like a good deal. But, I don't feel as confident in the long term reliability of the vehicle and I'm not in love with the gas mileage. However, if I got a good deal, I would be inclined to keep the Mountaineer since I know its history. I don't imagine I can get them to negotiate on the buy-out price since its below TMV. Are there any other options such as a low finance rate? I plan to put down around $8K toward whatever I end up getting. My Mountaineer lease is my first leasing experience. I'm anxious about possible surprise charges if I try to return the vehicle back. I bought the additional wear and tear coverage that gives me an additional $2500 in leeway. But, I still worry that if they find out I plan to return the car, they'll scrutinize and charge me for anything and everything imaginable. I know this is likely me being paranoid since as I mention the vehicle is in good condition. How much of any of this should I share with the lease people when I call to discuss setting up the vehicle inspection and discussing lease end options? Any advice is appreciated. Thank you in advance, Crickets
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Replying to: Crickets (Oct 29, 2009 11:22 pm)
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Replying to: jayrider (Oct 30, 2009 1:51 pm)
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Replying to: Crickets (Oct 30, 2009 3:03 pm) |
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Replying to: jayrider (Oct 30, 2009 3:28 pm) Toyota RAV-4 Subaru Forester Ford Escape Honda CR-V But was thinking I'd have to buy used in order to stay around $20K
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Replying to: Crickets (Oct 30, 2009 3:40 pm) |
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Replying to: Crickets (Oct 30, 2009 3:40 pm)
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Replying to: jayrider (Oct 31, 2009 5:14 am) So, you agree that I'm better off buying another car rather than buying the mountaineer at lease end (e.g. buying something different in order to lower overall operating costs is better deal)? |
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| The lease contract says $17,300 for a buyout of the 07 Mountaineer. Will Ford Credit take less? | |
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