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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: yokev (Apr 09, 2009 5:16 am) If I was in your situation, I personally would wait. Even if the lease program does change, I can't imagine that it would be by a lot...certainly not enough to justify wasting hundreds of dollars per month on two payments. Of course, as I mentioned earlier it is impossible to say for certain what Ford's May program will be like at this point. I personally would wait, but don't blame me if the new program is worse, I'm just making an educated guess  . Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: deejaybunk (Apr 10, 2009 11:08 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: baxterdown (Apr 11, 2009 5:20 am) Having said this, I'm not sure if this program is available in Florida right now. Ford has cut way back on the availability of leased through Ford Credit. I would not be surprised in the least if it was not leasing at all in your area at this time. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: amx (Apr 12, 2009 10:18 am) Ford is not currently providing any cash incentives on leases of this model. As a result, I doubt that you will be able to lease one for under invoice. Shoot for a capitalized cost of as close to invoice as possible. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Apr 22, 2009 2:43 am) 
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Hi, I got quotes from two dealers, for a Flex Limited FWD 15000miles a year for 36 months. One using Ford Credit and one USBank. Can you tell me what the residuals and rates are for either of these credit sources? Also the US Bank lease paperwork seems to have a $6000 rebate worked in (Ford offered me a $500 rebate) as well as "Capped Fees" of $970. Not sure where these are coming from. My memory also tells me that US Bank has end of lease fees, and my guess is that it would be easier to get out of a Ford lease early if I needed/wanted to. Can you shed any light? Thanks.
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Replying to: Car_man (Apr 22, 2009 2:47 am)
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Replying to: yolanda4510 (Apr 22, 2009 6:25 am) US Bank has terrible money factors and residuals but so does Ford in most areas. One guy said his lease rate was 10% vs some areas that were at 0.75% through Ford. On my quote, US Bank lease rate was 7.1% which is really high for a lease. Ford Residual was around 45% and US Bank was only 40%. In summary, BUY THE FLEX. Don't lease it right now. You can easily buy a $35K Flex Limited for around $26,000 after all the rebates. Put the $2500 towards your sales tax and plates. You could get a 72 month loan at $26,000, 6% for a monthly payment of $430.90. 60 Month would be $502.65. Don't lease. Also you can claim all that sales tax on your 2009 Income Tax Return. Probably net you another $500 plus. PS: Pilot is the same way. Way smarter to buy it than lease it. If you're gonna lease a vehicle MSRP of over $30K the residual better be over 50% and the money factor needs to be less than 5%. |
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