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#1 of 56 Ford Taurus Lease Questions by kyfdx HOST

Apr 26, 2010 (8:54 pm)

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• sstampa (Sep 18, 2010 7:19 am)

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#2 of 56 Lease money factor and residual by blueyfish

Apr 22, 2010 (7:13 pm)

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• Car_man (Apr 27, 2010 2:45 am)
  • blueyfish (Apr 27, 2010 6:02 am)
    • Car_man (Apr 30, 2010 2:32 am)

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#3 of 56 Re: Lease money factor and residual [blueyfish] by Car_man HOST

Apr 27, 2010 (2:45 am)

Replying to: blueyfish (Apr 22, 2010 7:13 pm)

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• blueyfish (Apr 27, 2010 6:02 am)
  • Car_man (Apr 30, 2010 2:32 am)

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#4 of 56 Re: Lease money factor and residual [Car_man] by blueyfish

Apr 27, 2010 (6:02 am)

Replying to: Car_man (Apr 27, 2010 2:45 am)

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• Car_man (Apr 30, 2010 2:32 am)

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#5 of 56 Re: Lease money factor and residual [blueyfish] by Car_man HOST

Apr 30, 2010 (2:32 am)

Replying to: blueyfish (Apr 27, 2010 6:02 am)

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#6 of 56 2011 sho lease by kitmax

Jul 15, 2010 (10:55 am)

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• delta737h (Jul 15, 2010 10:55 am)
  • kitmax (Jul 15, 2010 11:48 am)
• kitmax (Jul 15, 2010 11:45 am)
• Car_man (Jul 26, 2010 2:41 am)

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#7 of 56 Re: 2011 sho lease [kitmax] by delta737h

Jul 15, 2010 (10:55 am)

Replying to: kitmax (Jul 15, 2010 10:55 am)

kitmax,
 
For whatever it's worth, here are my comments...
 
(1) The 1.75 FMC rate is actually an interest rate. Ford does not use money factors. Some people will divide this rate by 2400 to get an estimate of the money factor (i.e., 1.75/2400 = 0.000729) and, then, use the money factor formula...
 
P = F x (C + R) + (C - R) / N
 
P = payment
F = money factor
C = adjusted cap cost
R = residual value
N = Term (months)
 
to get the payment. However, this only provides an estimate which, by the way, is very close to the actual payment. To be accurate, you need to use annuity equations or; if you have access to a TI83/84 calculator, you can use the TVM Solver in the finance app to solve for the payment. Or, you can use the appropriate financial function in the EXCEL spreadsheet to get an accurate payment
 
(2) Regarding taxes, I agree with you. lL taxes in the amount of 3,500 (4,219 - 719) seems very high. Sales tax should be somewhere around 0.08 x 41,236 or about 3,300. However, there are other items that are subject to lL tax such as the FMC acquisition fee which I'm guessing is 595. Also, dealer doc fees are subject to tax as well. And, if you're financing negative equity from a trade, that may be taxable as well.
 
(3) Hidden costs? Maybe. The best way to eliminate confusion and any misunderstanding is to ask the dealer for their LEASE WORKSHEET. This is a computer generated document that will tell you everytihng to want to know and, then, some. The beauty of this document is that it always tells the truth and will reveal any hidden charges. If you like, you can email this document to me at
 
diffeqzoominternet.net
 
and I'll be happy to analyze it for you.
 
(4-5) The Xplan price seems like a very competive price to me. You can go to overstock at zag.com and check out dealers offering the lowest selling prices in your area. Then, see how they compare to the Xplan. Also, check out Edmunds invoice pricing as well as any incentives that are being offered. From the invoice price, deduct ALL incentives including mfg to dealer and mfg to customer and see how that value compares to the Xplan price.
 
Questions? Please let me know.
 
John

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• kitmax (Jul 15, 2010 11:48 am)

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#8 of 56 Re: 2011 sho lease [kitmax] by kitmax

Jul 15, 2010 (11:45 am)

Replying to: kitmax (Jul 15, 2010 10:55 am)

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#9 of 56 Re: 2011 sho lease [delta737h] by kitmax

Jul 15, 2010 (11:48 am)

Replying to: delta737h (Jul 15, 2010 10:55 am)

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#10 of 56 sho lease by kitmax

Jul 16, 2010 (8:17 am)