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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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Wear Care is 100% profit. They don't even ever look at my leases when I return them. Don't get it. It's like getting the extended warranty on a toaster. I was basing financing quotes off 72 months. Who would get a 60 month loan for over $25,000? The rates for 60 and 72 are pretty much universally equal. You just get to divide it into 12 more payments. You are only paying like $250 total more interest after 3 years of the loan and your payment is $70 less. It's smarter to get the 72 month loan for the same rate and pay a little extra on it if/when you can. Ford should not post MSRP or even Invoice. Fair Market Value is the number they need to put on every car. I have never known anyone, including myself of course, who have ever paid OVER invoice. Most of the time I have gotten at least $2,000 under invoice (not including rebates). $500 under invoice should be the absolute minimum price on any widely available vehicle from any manufacturer. By minimum price I really mean worst case scenario. You are at least getting $500 off invoice. The dealers don't even pay invoice price for the car. Then there's the dealer holdback, numerous manufacturer to dealer incentives, rebates, advertising fees. It's crazy to think that after getting $5,000 off MSRP they are actually still making thousands but it's TRUE. If you don't think you can get way, way under your beloved X-Plan, look at the previous poster. Chuck is at $26,000 on a $35,000 SEL. That's $9,000 off instead of your $2,000. You keep asking the same questions and I keep answering them. We will just have to agree to disagree. Out.
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Replying to: djhalptert (Mar 17, 2009 9:46 pm) I can just as easily say I'm down to $20k on an SEL. I'm not seeing any proof and finding what you guys are saying very hard to believe regarding lease selling prices. They have to be giving him the financing rebates which I've never heard of on a lease. Wear Care is 100% profit. They don't even ever look at my leases when I return them. Don't get it. It's like getting the extended warranty on a toaster. I never get it because it seems totally ridiculous. However a 3rd party inspector does look at the vehicles before they are turned in and it's mandatory. How closely they look at it is another story. I was basing financing quotes off 72 months. That was chuck68516 that gave those numbers I was questioning. Are you two the same person? I have never known anyone, including myself of course, who have ever paid OVER invoice. See, that's where region comes into play. Supply and demand are probably completely different where you live. It's crazy to think that after getting $5,000 off MSRP they are actually still making thousands but it's TRUE. I don't doubt that. However getting them to reduce the selling price to that point is not as simple as asking for it at any dealer in any part of the world. You keep asking the same questions and I keep answering them. See the problem is, I never asked any of the questions you guys were so quick to answer. I do know what kinds of deals are available in this region and I take advantage of them when I can. All I wanted to know originally was what the lease loyalty rebate was all about. |
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Replying to: chuck68516 (Mar 13, 2009 6:24 pm) Checking cars.com shows nothing on leases in zip 68516 or any other Omaha zip code. I noticed the rebate is $4500 in your zip. That's $1500 more than what it is here but we do have lease offers through Ford here.
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Replying to: baggs32 (Mar 18, 2009 9:02 am) On a regular purchase, zero down payment would be $470 rolling sales tax of 7% into the loan. Only a $35 difference. I'll try to work one hour of overtime per month to cover it. |
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Car Man, Considering the lease of a 2009 Flex SEL FWD with Auto-fold seats, Sync, roof rails - MSRP of $34,090. Looking at 36 months, 15,000 miles per year, $2,000 down. One comment - we were negotiating a purchase of a Flex SE with an MSRP of $30,400 and the dealer, with just a phone call and virtually no haggling, dropped the price to $23,600. So I'm assuming, since their Flex inventory is simply not moving, that they'd be willing to offer a similar discount off MSRP for the SEL, which would mean a cap cost of roughly 27,500. What am I looking at for an APR and a residual? Thanks.
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Replying to: jwinter65 (Mar 11, 2009 6:02 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: chuck68516 (Mar 13, 2009 6:24 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: tfd123 (Mar 24, 2009 6:55 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Hi Car_Man, I am heading out today to buy or lease an AWD Flex Ltd. The lease would be 36 months and 15,000 miles per year. Do you happen to know the April resudial and MF for this vehicle? Thanks for the help.
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Replying to: cagorm (Apr 04, 2009 4:40 am) As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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