Last post on Jun 16, 2011 at 7:59 AM
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Mercury Mountaineer, Car Leasing, SUV
#36 of 45 Mountaineer Lease End - To Buy or Not to Buy
Oct 30, 2009 (12:22 am)
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,
#37 of 45 Re: Mountaineer Lease End - To Buy or Not to Buy [Crickets]
Oct 30, 2009 (2:51 pm)
Check out the edge awd. If you lease keep the 8k in the moneymarket and put zero down. Pay the extra monthly payment out of the 8k --- you protect yourself if the car is totaled. Ford has ok rates on leases.
#38 of 45 Re: Mountaineer Lease End - To Buy or Not to Buy [jayrider]
Oct 30, 2009 (4:03 pm)
Well - I wasn't really looking to lease again. I'd really prefer to buy either a used CPO or the Mountaineer. Any thoughts that don't involve re-leasing?
#39 of 45 Re: Mountaineer Lease End - To Buy or Not to Buy [Crickets]
Oct 30, 2009 (4:28 pm)
Absolutely buy new. Nice low mileage cars are going for insane prices. What kind of vehicle are you interested in and price range?
#40 of 45 Re: Mountaineer Lease End - To Buy or Not to Buy [jayrider]
Oct 30, 2009 (4:40 pm)
Had the following of vehicles on my short list:
But was thinking I'd have to buy used in order to stay around $20K
#41 of 45 Re: Mountaineer Lease End - To Buy or Not to Buy [Crickets]
Oct 30, 2009 (5:00 pm)
Maybe not -- click on my name and go to my carspace and request we be friends. I can help you check them out -- don't know if this forum is for car shopping.
#42 of 45 Re: Mountaineer Lease End - To Buy or Not to Buy [Crickets]
Oct 31, 2009 (6:14 am)
Do you need awd? If fwd is ok then you probably find something decent at 20k. Go to overstock .com and click on autos. Put in your zip and click on bargains. Saw a base 09 crv for around 20k in my area. They give you dealers who honor the price. Kia rondo is rated well. There are 09's of your model preferences around at prices around 20k.2010 4wd escape base for 21500. 09 should be less. Kia rondo ex at 19500 nicely equipped lx base like 17k. Lots of choices -- have fun.
#43 of 45 Re: Mountaineer Lease End - To Buy or Not to Buy [jayrider]
Nov 02, 2009 (10:30 am)
Thanks very helpful!
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)?
#44 of 45 Buy Out at Lease End
Nov 15, 2009 (5:48 pm)
The lease contract says $17,300 for a buyout of the 07 Mountaineer. Will Ford Credit take less?
#45 of 45 Diffferences in models of Base, Luxury, Premier
Jun 16, 2011 (7:59 am)
I have having a hard time finding a good comparison between the base, the luxury and premier model, as I am buying itn the next couple days. Some abses seem they have more stuff on it then a luxury? Is it just the available options?
From what I gather the base model does not have heated seat or the running boards
I have no idea what the premier ads that the luxury does not have.
Looking at a 2005 Convenience V6 roof rack etc, 2006 Luxury but no 4wd option( i thought you could switch into 4wd or is that only on the explorers?) and a full loaded 2007 Premier.
Any help or if you have a reference site with a good comparison please post!