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Prices Paid: Buying & Leasing Experiences Ford Flex Lease Questions
123 messages, Last post on Oct 06, 2009 at 11:32 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: austrianbrand (May 08, 2009 4:18 pm) they have a demo (think 8500miles) Limited AWD Retail 36555 w/ extras 44500 (incl. dest fee 700) savings offered 6389 sale price 38111 Net sale w/ all the taxes, doc fee, etc 41755 Said included 1000 lease cash !? down 3500, 12k, 39 months ea. 466 it seems the obviously wanna get rid of the demo cars only think i wonder is how (and if) they tack on the 8500 already on the car with the 39000 lease miles should i even consider leasing a demo with miles on ? thx again 
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Replying to: austrianbrand (May 09, 2009 5:08 am) So with the demo you are looking at I'd say your "over" mileage would start at 47,500 (39,000 +8,500). However I would not do a 39 month lease if I were you. If you lease for 39 months, you will have to pay the 3rd year registration on the car & only get the benefit of 3 months of the 12 you just paid for. I'd keep it to an even 36 months because anything you save by going 39 mo will be eaten up by that registration payment for sure. Just my 2 cents
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Replying to: kyreba (May 11, 2009 11:51 am) I'm not sure if this varies by region but here's how it was explained to me a few years ago. The details are a little fuzzy so please correct me if I'm wrong a little. To lease a demo (I'm in PA) with the odo reading over some mileage limit, I think he said 2000 miles or somewhere around there, you have to build the mileage into the lease and you basically lose them but still pay for them. Using the example above and starting the lease at 8,500 miles on the Flex, on a 36k mile lease you would really only get to drive it for 29,500 miles (36000 - (8500-2000). After that you would pay for each mile over the limit. Salesmen have always steered me away from leasing a demo for this reason. The price is attractive, but make sure you don't need the extra mileage. |
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Replying to: baggs32 (May 12, 2009 11:06 am)
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Replying to: baggs32 (May 12, 2009 11:06 am) I think someone told me once that a demo car had to have under 5,000 miles on it to be still sold as new also? Don't know if that's true or not....or if it's a regional thing? I'm in SoCal & I'm still trying to work out a good deal for a Flex. I thought I might be able to score a deal on an SEL this last weekend but it is still out of my budget. So I'm back to trying to work the best deal possible on an SE. I know I'l have one by the end of the month but I want it NOW! lol
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Replying to: austrianbrand (May 12, 2009 11:27 am) I'm pretty sure the warranty would apllied to the actual miles on the car so I'm guessing you would lose those. But I bet you could get an extended warranty to cover afterwards. It all boils down to are they going to sell you the demo chaep enough that after adding on the extra warranty, miles etc are you still under what price you could have negotiated on a non-demo? |
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Replying to: kyreba (May 12, 2009 11:33 am) That may very well be true too. My salesman was driving a demo Flex at the time and mentioned that he was a few hundred miles away from 5000 miles at which time he had to turn it in so they could certify it and sell it. I assumed "certify" meant certified used and it would no longer be available for sale as a demo. I'm pretty sure the mileage limit to lease as new is 500 miles here. Anything over that and you have to "build the mileage" into the lease as I tried to explain as accurately as possible above. |
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Replying to: baxterdown (Apr 22, 2009 3:16 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: yolanda4510 (Apr 22, 2009 6:25 am) Ford's current lease program for the 2009 Flex varies by region. I see that you are in its Detroit region. According to the latest information that I have seen, Ford Credit's current base lease rate and residual value for a 36 month lease of a 2009 Flex Limited FWD with 15,000 miles per year in your area are 0.25% and 45%, respectively. I'm not familiar with the $6,000 incentive that you mentioned. It's probably the combination of all of the available cash incentives that are available on this vehicle in your area right now, such as the $4,500 consumer cash, etc... If you are leasing this vehicle through any bank other than Ford Credit, it would be eligible for any available retail cash incentives. It won't be easy to get out of any lease early. If you think that you might need to then you may want to finance instead of lease. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: amx (Apr 22, 2009 7:14 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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