- #144 of 203
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Money Factor and Residual?
by navyjay
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Nov 19, 2007 (5:39 pm)
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First of all, can someone explain how the money factor works and how it's bult into the price on a lease?
Second, can someone tell me the money factor and residual rate on a 2008 Ford Fusion SE I4 FWD with a 36 month term and 12k miles?
I am on the X Plan, so I know the cap cost for the exact car I am looking at. The cost (which is non-negotiable) is $20,284 factoring in incentives and options chosen. Now all I need is the residual rate and the money factor (which I don't understand in the least bit -  )
Thanks,
Jay
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- #145 of 203
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Residual/Money Factor on '08 Fusion SE?
by navyjay
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Nov 19, 2007 (9:30 pm)
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I found out how to calculate the payment using the residual and money factor numbers.
Lease Equation
Now...I just need to find out the money factor and residual of a 2008 Fusion I4 SE...anyone?
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- #146 of 203
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08 Fusion AWD SEL
by rpn914
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Nov 20, 2007 (2:37 pm)
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Been offered a '08 Fusion SEL AWD, 12,000 miles/yr for a 36 mo. lease
Lease Factor was 1.5% and a residual of 55%.
MSRP is about $25k, $2,000 down + tax/fees, monthly payment would be $272.
How does that look?
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- #147 of 203
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Re: Residual/Money Factor on '08 Fusion SE? [navyjay]
by Car_man HOST
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Dec 27, 2007 (2:57 am)
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Replying to: navyjay (Nov 19, 2007 9:30 pm)
Hi navyjay. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2008 Ford Fusion SE 4-cylinder with 12,000 miles per year are 1.5% and 54%, respectively. As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. You can convert its base lease rates into approximate money factor equivalents by dividing them by 2400.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #148 of 203
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Re: 08 Fusion AWD SEL [rpn914]
by Car_man HOST
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Dec 27, 2007 (3:07 am)
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Replying to: rpn914 (Nov 20, 2007 2:37 pm)
Hi rpn914. The lease rate that you were quoted looks great. It's right in line with Ford Credit's base rate for the '08 Fusion. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #149 of 203
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Re: 08 Fusion AWD SEL [Car_man]
by jmotts
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Dec 27, 2007 (8:49 pm)
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Replying to: Car_man (Dec 27, 2007 3:07 am)
I'm considering a lease on a Ford Fusion and would greatly appreciate any feedback to make sure it's a reasonable deal. The car is a 2008 Ford Fusion SEL FWD with just about every option there is, including navigation, Sync, moon and tune and a spoiler. The MSRP of the car is $28,020, the quoted selling price over the phone is $25,810 minus the 500 rebate. The mileage if 16,500 for 36 months. I was emailed the following info on the 36 month lease: "money factor/ RCL rate 1.50, residual for 16,500 is .49 (49%).
The estimated monthly payment with $3,000 down is $324/month. I have never leased before and I am not sure if this is a good deal or not, or whether $3k down is too much for this car.
If anyone has any feedback please let me know. Thanks!
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- #150 of 203
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Re: 08 Fusion AWD SEL [jmotts]
by theking
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Dec 29, 2007 (9:18 am)
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Replying to: jmotts (Dec 27, 2007 8:49 pm)
Never go with cash...always nothing down..if you total vehicle,God forbid) you are out $3000....I would offer $300.00 a month $0 down..all fees including acquistion fees incl in lease..all you pay up front is 1st month... registration and state taxes every month !!!  I think you mean 12,000 miles a year !! (36,000 for total lease ) !
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- #151 of 203
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Re: 08 Fusion AWD SEL [theking]
by jmotts
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Dec 29, 2007 (8:35 pm)
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Replying to: theking (Dec 29, 2007 9:18 am)
theking: thanks for the response. I'd prefer not to have to put anything down so I'll give it a shot. As for the mileage, I was looking for a higher-mileage lease. I asked for pricing for 15,000 per year for a total of 45,000 miles over a three year lease. The mileage of 16,500 per year was quoted as being only $12 more per month than the 15,000 mile price. I don't think I'll need that many miles anyway, so it was a bit academic, but the mileage I quoted was correct. The higher the mileage the greater the change in the residual though, so I understand. Thanks again.
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- #152 of 203
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Re: 08 Fusion AWD SEL [rpn914]
by trneal276
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Dec 30, 2007 (10:12 am)
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Replying to: rpn914 (Nov 20, 2007 2:37 pm)
rpn, is the $2K down cash or part of the rebate, etc. What is the total amount you are taking out of your pocket. I ask, because I just closed on a deal on the same car with leather seats & moon/tune package - total amount out of pocket was $2K, I turned in a lease 3 months ealry - the dealer took one payment, Ford took the other 2 payments and the dealer also took approx. $650 in wear/tear charges. My total payment came out to $316 per month for 36 months. Lease factor was also 1.5% and residual around the same as yours. This is in NYC.
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- #153 of 203
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Latest Lease Numbers?
by 737capt
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Jan 27, 2008 (4:31 pm)
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Anyone have the latest residuals and money fatctor and any rebates for a 36 month lease on a FWD Fusion SEL in South Florida?
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