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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: xdgelbertx (Jan 30, 2009 8:17 am) Ford Credit's February base lease rate and residual value for a 36 month lease of a 2009 Flex Limited AWD or SEL AWD with 15,000 miles per year in your area are 1.0% and 48%, respectively. I believe that Ford is currently providing a $250 cash incentive on leases of this model in your area right now. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Feb 04, 2009 3:33 am) $2000 down total 39 months 10,500 miles/year $410/month. We opted for the service plan as well, which includes all oil changes, brakes, hoses, etc...(usually that's normal maintenance that needs to be taken care of and is not paid for). That made our payment $429/month. The car is amazing!!! We love it!!!
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Replying to: satchriani (Feb 09, 2009 2:01 pm) |
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Hi Carman, I was quoted $499 per month, after TTL, for 39 months/10500 miles per year on a 2009 Flex SEL with Sync, white roof, and rubber mats. Zero down (I'm guessing the first month's payment and security deposit are added into the lease payment in this case) and I have an X-Plan PIN which means I pay no fees either. I still have 3 payments left on my '06 Explorer lease and it is due to be turned in on 5/25/2009. Those 3 payments come to just about $1500 all together. I noticed on cars.com that the Flex currently has a $1500 lease loyalty incentive right now which I haven't seen mentioned here on Edmunds. Is that incentive really available and what exactly is it for? I'm guessing it was not factored into my quote and I'm wondering if I qualify for it and therefore allow me to turn the Explorer in early without any money out of my pocket? I'm a little fearful of waiting until late May or early June to lease a Flex because the lease deals may be long gone by then. If you have any insight into that, I'm all ears! Seems like there's a catch but I want to make sure.  Thanks for your help.
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Replying to: satchriani (Feb 09, 2009 2:01 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: baggs32 (Feb 18, 2009 10:58 am) If I personally was in your situation though, I would wait until my current lease was up to get something new. It would drive me nuts knowing that I paid $1,500 more than I should have for my new vehicle just because I wanted to get it a couple of months early. The only risk that you run in waiting is that Ford will be forced to pull the plug on its lease program, like General Motors and Chrysler had to. This is probably unlikely, but who knows what will happen in this economy. To be honest with you, $500 per month seems like a lot of money to lease a Ford Flex to me anyhow. Leasing just isn't what it used to be for domestic vehicles. The Flex is probably slightly bigger, but you could lease a fairly similar nice AWD Subaru for at least $100 per month less than that, if not $150/month less. That seems like a much better value to me. If I really wanted a Flex, I personally would be more inclined to finance it instead of lease it. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Feb 24, 2009 3:07 am) That is my only worry right now. Financing the same Flex would up the payment to over $600 per month for 5 years and that I don't like. To be honest with you, $500 per month seems like a lot of money to lease a Ford Flex to me anyhow. Remember that's with the first payment, security deposit, whatever other up front fees, and the 10% PA sales tax (calculated based on the monthly payment and added to it each month) all rolled in so I don't have to pay anything at signing. Just sign and drive. The actual monthly payment with tax would be more like $440 or $450 per month but I'd have to hand over about $1400 at signing. I'd rather roll it in and pay the low interest rate. I have to disagree. The Tribeca is a lot smaller inside and the front two seats make you feel like you're sitting in Mork from Ork's egg ship. The Subies do lease better these days but I'd rather pay a little more for a vehicle I like a LOT more. Thanks for the tips! I'm most likely going to wait but it's good to know that the loyalty incentive is valid just in case things change.
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Replying to: baggs32 (Feb 24, 2009 9:30 am) Why would you use X-Plan in this buyer's market? X-Plan is barely invoice pricing. You should be able to walk into ANY dealer in America and get WAY under X-Plan.
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Replying to: chuck68516 (Feb 27, 2009 6:43 pm) Um, with X-Plan I get invoice which is about $1900 on the MSRP $28620 model you state. Add the $3000 rebate to that, the $1500 "renewal rebate", which is actualy the lease loyalty rebate, and I save $6400, plus the fees, plus don't have to pay any dealer fees. All without having to negotiate for one single minute. I can walk in, sign, and drive out. You should be able to walk into ANY dealer in America and get WAY under X-Plan. I disagree. It's winter here in the snow belt and anything AWD still carries a slight premium. Local market and demand play a big role in how low the dealer is willing to go.
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Replying to: baggs32 (Feb 27, 2009 8:00 pm) Here's another example of why X-Plan is useless. 2009 Flex SEL AWD MSRP: $35,410 X-Plan: $33,287 WHOOPIE!!! You are getting $2,123 off sticker. YAY! Also, "the fees and any dealer fees" should only be the acquisition fee and maybe a document fee. Big deal. You are only saving about $700. My suggestion is to negotiate a price without ever mentioning the X-Plan. Ask anyone their opinion. X-Plan and any other so called "supplier" discount is good the day a new model comes out or when you are looking at a hard to find model where there is little negotiation room. It is not useful when it is March and the car has been sitting on the lot for 7-8 months. It should have depreciated $2,123 on it's own by now.
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