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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: vandyman4 (May 02, 2009 8:34 pm) Are the numbers you posted yours? Or are they a dealer quote? Also, they seem to be mixed between lease and buy. If the numbers are from a dealer, they look a bit high. Here are the numbers you need to post to make sure everything adds up: ON A LEASE MSRP Negotiated Price Money Factor (Interest Rate) Term (How many months) Residual ON A PURCHASE MSRP Negotiated Price Interest Rate Term (How many months) Down Payment (if any) I was on the same boat you are. And, after doing numbers up and down it turned out that leasing was not an option. If you see my post asking Car_Man for lease rates, you'll see he answered that Ford may not be leasing in my area. When I went to get my car, I found out that Ford is leasing (and others are too) but the lease rates are terrible. So, in my case, it made a lot more sense to buy. By the way, there is another post (a few posts up) from someone talking about financing for 72 months. That might be a good option. That extra year and the $1,750 out of pocket you were planning to pay on a lease might be enought to get you to your calculated lease payment. Here are a few other things to consider: - If you get the 0% financing, Ford Motor Credit will require you to carry gap insurance. When everything is said and done, this is not a good option. You are better off taking the $3,000 rebate. - Ford Motor Credit is offering a $1,000 rebate. It's useless. FMC's finance rates are terrible. If you have good credit, you are better off financing through a bank or credit union at around 5% for 72 months. - Dealers are DESPERATE. You should not pay (before any rebates) a penny more than invoice. Many dealers are even willing to sell cars for holdback (an additional profit built into invoice price) just to move cars. Click here for the 2009 Flex dealer price list. It will help you add the base cost and options on the car you want. That way you will know if there is more room for negotiating. Good luck!
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Replying to: baxterdown (May 03, 2009 4:05 am) It turned out that Ford was leasing in South Florida but rates were a joke. So, I ended up buying the car. Also, FMC's finance rates are terrible. so the $1,000 rebate from them is useless. Thanks again sir. You're d-man!!! 
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Replying to: baxterdown (May 03, 2009 4:05 am) It's all very confusing. I have been leasing and buying Saab's and Caddy's for the last 15 years and always knew if I was getting a good deal. Now I am afraid to make a decision. Here are the details of the dealer quote: ON A LEASE MSRP 37,780.00 Negotiated Price 35,458.00 Money Factor (Interest Rate).5 Term (How many months) 39 Residual .46 Rebate $750.00 given after negotiated price as additional money down $1000.00 total out pocket 497.45 per month ON A PURCHASE MSRP 37, 780.00 Negotiated Price 35,458.00 Interest Rate 0 Term (How many months) 60 Down Payment (if any) 1000.00 total out of pocket Rebate $750.00 given will be an addional down payment 605.70 per month What should I be paying for this car? Also, what is GAP insurance? I never had to pay this before. Right now I am leasing a Caddy STS4 for $479,00 per month which seems to be a better deal than the Flex. Should I work on a dealer for a limited model? I just need AWD, 40/40 captain's seats and the sun roof. Any help is greatly appreciated. Thanks, JON |
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Replying to: Car_man (Apr 22, 2009 2:47 am) I'm in SoCal & looking at an SE with a white roof, sync & 6 cd. MSRP is listed as $30,545.00. I've 2 dealers telling me at invoice for a 36 mo lease 12,000 miles & no drive-offs the payment will be $430-448 plus tax. Does this jive with what your rates/invoice records show? I'm wondering if there is more room to bring down the payment a bit more? Thank you I'm so glad to have found this site.
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Hi car_man, read a lot of your comments and I am sure you can help me out here. Was looking into leasing (and lease only, for business) a Flex SEL AWD Here is the offer i got from dealer and I live in NJ, 07960 Retail 33920 w/ extras 39035 (incl. dest fee 700) savings offered 2702 sale price 36333 Net sale w/ all the taxes, doc fee, etc 39700 Said included 1000 lease cash !? down 3500, 12k, 39 months ea. 482 Is this anything decent ? here are my questions: with 3500 down where should the monthly rate be ? lets say 1500 down, how much should the monthly rate be ? Appreciate all the help guys ! Thx
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Replying to: austrianbrand (May 08, 2009 4:18 pm) I am in zip code 07004 and got a better deal on a FLEX AWD yesterday. My deal is as follows: List 38,300 sell price $35,369.00 available rebate from dealer---$750.00 total out of pocket--$1000.00 12,000 miles per year, 36 months residual---.48 money factor---.25 monthly payment---$499.00 I shopped around and this was the best deal. Let me know if you are interested and I will put you in touch with the dealer. They have a lot of cars and are honest. Good luck. JON
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Replying to: vandyman4 (May 08, 2009 5:58 pm) what was the stock number you had quoted ? What are std's and what optional equip Thanks,
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Replying to: austrianbrand (May 09, 2009 4:12 am) I don't have stock number in front of me but the car is a SEL AWD Black/black with: vista roof 2nd row 40/40 seats SYNC wireless no second row console rear entertainment Thanks, JON P.S. I am moving from a Caddy and I love the Flex for a family of 5. |
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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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