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Ford Fusion Lease Questions

203 messages,  Last post on Oct 16, 2009 at 7:59 AM

You are in the Ford Fusion/Mercury Milan Forum. Your Hosts are pat & karens

What is this discussion about? Ford Fusion, Car Leasing, Sedan


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#164 of 203
Re: Fair lease price for 3 year/15k mile lease? [wysiwgy6000] by Car_man HOST
Apr 10, 2008 (1:23 am)
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Replying to: wysiwgy6000 (Mar 19, 2008 4:16 am)

Hi wysiwgy6000. I see that you are upside down on your current car. You would be better off waiting to get a new car until you had no negative equity in your current vehicle. If you absolutely can't wait, it is essential to get the best deal possible on your new lease. Let's see if we can help you achieve that goal. The lease payment for the Fusion that you are interested in will vary depending upon what its MSRP and selling price are. For now I will work up a sample payment on a base 2008 Fusion SE 4-cylinder with an automatic transmission that has an MSRP of $22,410 and a selling price of $19,932 ($500 over invoice minus the $1,250 lease cash). According to my calculations, if you were to lease this car through Ford Credit right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $262. If you were to add $2,000 in negative equity to this, it would increase the payment to around $318. As you can see, your estimate was pretty close to what this car is going to cost to lease.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#165 of 203
Fusion SE I4 Lease by njandrew
Apr 22, 2008 (6:19 am)
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Hi
  I am looking for info on a SE-I4 auto lease in NJ. Interested in 36mo 12000mi/yr. From the above info I see Lease rate of about 1%, not sure the residual or MRSP. Edmunds shows a MSRP of 20660 but you have 22410 in a post above. Any info would be great. Thanks.
 
Andrew
#166 of 203
Re: Fair lease price for 3 year/15k mile lease? [Car_man] by wysiwgy6000
Apr 24, 2008 (4:10 am)
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Replying to: Car_man (Apr 10, 2008 1:23 am)

Thanks for the info. Last month with the whole "sign and drive" promo, most people would go only as low as $380 a month with my trade in. I guess they're jipping me by about $3,000-$5,000 below what I owe on it (I hate the Galves wholesale book). Unfortunately, I've been upside down by this much for over a year at this point as it seems like the wholesale price falls in sync with my monthly payment amount. Waiting out the term is not an option because the car costs too much to maintain and has some problems. I do see that they bumped up to the rebate to $1250 this month, does anyone know if they're going to bring back to the "sign and drive" event in the next two months? I'm sure their sales are in the toilet with the way the economy is going.
#167 of 203
2008 Fusion by blueiedgod
Apr 28, 2008 (5:33 pm)
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Hi CarMan.
 
What would monthly lease payment be on:
 
2008 Fusion SE, i4, 5-spd manual, with SYNC, Sirius radio, Self-dimming mirror (required for Sync), ambient lighting.
 
Negotiated price: $19900.
$1250 lease incentive, $500 recent graduate incentive, and $300 incentive that I can't remember what was for.
 
They claim that residual for this vehicle is 50%, 2% less than auto because it is stick? And kind of low for such a low mileage lease.
 
What would monthly lease payment should be on 36 month 10,500/year miles for Tier 2 customer? They claim Tier 2 rate is 6%. Is that correct?
 
Thank you.
#168 of 203
Re: 2008 Fusion [blueiedgod] by Car_man HOST
May 08, 2008 (1:47 am)
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Replying to: blueiedgod (Apr 28, 2008 5:33 pm)

I's be happy to work up a lease payment on this car for you, blueiedgod. However in order for me to do so I need you to provide me with its full MSRP. Both the MSRP and the selling price are used in the calculation of lease payments.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#169 of 203
Can anyone help me with the lease figures? by rdyxl
May 25, 2008 (8:22 pm)
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Hey, I am considering leasing a Fusion I4 SE, with auto transmission. indiana 36mo/10500mile.
Question1: What should I use to calculate the monthly payment? MSRP or other price? I am in Ford X-plan and find a price for I4SE $17819 instead of $18935. And i am confused on which incentives i can use? there is one showing -1500.
Question 2: What is the residual? and What is the money factor(or apr)?
 
Thanks a lot!
#170 of 203
Re: Can anyone help me with the lease figures? [rdyxl] by Car_man HOST
Jun 05, 2008 (2:18 am)
Reply

Replying to: rdyxl (May 25, 2008 8:22 pm)

Hi rdyxl. You need both this car's MSRP and selling price to calculate a lease payment on it. Here is a great article from Edmunds.com that explains how to calculate lease payments: Calculate Your Own Lease Payment. You can look up what cash incentives are available on leases of this car in your area right now by visiting the New vehicle incentives section of Edmunds.com.
 
As far as this car's lease program goes, it varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2008 Fusion I4 SE with 10,500 miles per year are 2.5% and 52%, respectively in most areas.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#172 of 203
Help with Lease by diane25
Jun 09, 2008 (11:18 am)
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I am over my miles in my ford escape and have 8 months left. I have a 36 month 45,000 mile lease (currently have 49,000 on odometer) monthly payment on escape is 300.00, fuel cost 400.00 a month. Looking to end lease and lease a Fusion to get myself out of the hole. Is this recommended? NJ resident. The new lease will be 39 mo, 19,500 miles per year at a cost of $431.40 a month, this payment includes the $3000 or so that is left from the Explorer and the over miles.
MSRP $24,520.00. LEV 44%, Lease end value $10,788.80, selling price $26,487.22, Total Cap Red $2058.60, Total Adjusted cap cost $26,268.78, Lease APR 2.2500%, total tax $1245.16, Rebate amount 1750. Customer cash 1000.00. Is this a good deal, or am i getting taken because I am female and i am at a disadvantage because of the over milage in my current lease?
#173 of 203
Re: Help with Lease [diane25] by ral2167
Jun 09, 2008 (5:18 pm)
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Replying to: diane25 (Jun 09, 2008 11:18 am)

you're putting too many miles on a car to lease

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