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Ford Flex, Car Buying, Car Leasing, Wagon
#74 of 177 Re: April Rates [cagorm]
by Car_man HOST
Apr 07, 2009 (2:48 am)
Hi cagorm. Here's the information that you're looking for. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2009 Ford Flex Limited AWD with 15,000 miles per year are 0.25% and 46%, respectively. Ford's lease program often varies by region. If you tell me what state you are in, I can confirm that this is the exact program that is available in your area.
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.
Prices Paid: Buying & Leasing Experiences Forum
#75 of 177 Not sure what to do in Long Island, NY
Apr 09, 2009 (6:16 am)
Shopping for a Flex AWD Ltd to replace my current lease ending in June. The dealer I spoke with last night confirmed that the lease rate is .25% for April but hinted that it would change in May. Do you believe this to be true? I'd prefer to wait until May to get into a new car so I'm not saddled with two car payments for two months but, if that means I'll end up with a higher lease rate it may be worth added cost.
The deal I got was 528 for 36/12000K w/taxes down no cap reduction on a 7 pas, limited, AWD, vista, tow package.
#76 of 177 Re: Not sure what to do in Long Island, NY [yokev]
Apr 09, 2009 (9:49 am)
I too had the same concern last week. Ford's current lease rates don't expire until 6/1/2009 so I doubt they will get better or worse in May. They can, but I doubt it. I'm leasing one in May too and I did have one dealer tell me the lease was bad this month but will get better next month because "Ford is getting back into leasing". Well, since Ford never abandoned leasing completely I'll just chalk that up as another crazy sales ploy.
The dealer I am working with right now is honoring the current lease rate until 6/1 but did state that the residual could change as it does not have an expiration date. Currently it is 47% here in Wester PA but YMMV over there in NY.
Your payment seems about right judging by what I've seen from the 5 dealers I've asked for quotes. All either gave me invoice or X-Plan (if I told them I had it) except for one. That one quoted me over $650 per month for the same Flex another dealer quoted $525 per month (SEL AWD Sync, Tow pkg,, dual headrest DVD ES and no money due at signing). They obviously were not giving me the $1000 lease loyalty rebate, the invoice price, and possibly not the proper residual and/or rate either. Watch out for those people. They even had the nerve to tell me they were only making $200 on the sale when they were really making like $6000!
Stay far away from Northland Ford if you live in Western PA.
#77 of 177 Re: Not sure what to do in Long Island, NY [yokev]
Apr 09, 2009 (11:10 am)
Seems to me that you should just buy the Flex. If it's MSRP is $39,000 you should easily be able to buy it for a monthly payment of under $500 just putting down taxes as you were going to do on your lease. Why spend more money to lease? For $500 a month you could lease a way nicer car. That seems to be the idea of leasing in my opinion, to lower your payment.
#78 of 177 Re: Not sure what to do in Long Island, NY [stoopy]
Apr 10, 2009 (9:47 am)
For $500 a month you could lease a way nicer car.
A year ago that was true. Not now. You can lease a small luxury SUV for less than $500 now but you'll gain very little luxury over the Flex and lose a LOT of interior room.
That seems to be the idea of leasing in my opinion, to lower your payment.
That was always a nice side effect of leasing for me. I lease because I want something new every 3 years.
#80 of 177 MF and Residual for SEL AWD in CT
Apr 11, 2009 (12:08 am)
HI Car Man --
Could you tell me the lease program Ford is running in Connecticut for an SEL AWD, 12k miles for 36 months? Thanks!
#81 of 177 Flex Limited FWD Florida April Lease Rates
Apr 11, 2009 (6:20 am)
I'm in South Florida (Fort Lauderdale). Could you please get me the April lease rates for a 2009 Flex Limited FWD? Also, I see you've posted 15K miles in your replies. Do you know if Ford offers the 2 point increase in residual for 12K miles and 4 point for 10K miles? I'm looking to lease for 36 months.
Thanks in advance for your help!
#82 of 177 Flex SEL FWD SoCal April Lease Rates
Apr 12, 2009 (11:18 am)
Can you help with SoCal lease rates for a Flex SEL? We are looking at 36mo and 15K mi/yr. Is 39 mo. better? How does it look for 12k?
Are dealers doing invoice pricing? Or should I shoot for something like 2K below inv?