Last post on Nov 12, 2013 at 9:53 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Ford C-Max, Car Buying, Car Leasing, Hatchback, Van
#12 of 21 Re: lease numbers [opfreak]
by kyfdx@Edmunds HOST
Oct 26, 2013 (7:31 am)
Congrats on the new car!
I will note that your comment on mileage is not really accurate...
You can go from 10.5K/yr to 15K/yr for a 3% decrease in the residual.. So, on a $35K vehicle, you'll pay $1050 more for 9K more miles (30K vs. 21K over 24 months).
That works out to less than $0.12/mile, assuming you'll use 15K/yr.. The numbers work out even better on a 36 month lease...
#13 of 21 Re: lease numbers [kyfdx@Edmunds]
Oct 26, 2013 (9:42 am)
Hmm. I only asked about going from 10.5 to 12k miles a year. and was quoted a $25/month increase in payment.
#14 of 21 Re: lease numbers [opfreak]
by kyfdx@Edmunds HOST
Oct 26, 2013 (11:21 am)
It should have been closer to $15/mo, I think..
But, as I noted above, the mileage bump is a better deal on the 36 month leases, because it's the same reduction in residual as the 24 month lease..
What sort of MSRP does a C-Max Engergi go for?
#15 of 21 Re: Ford C-Max Lease Questions [kyfdx@Edmunds]
Oct 27, 2013 (5:33 am)
I'd like to lease a C-Max, but I've never leased a car before so I could use some help. I've read up a bit on it and my understanding is that my goal should be to get as low a capitalized value and money factor as possible, as high a residual value as possible.
Do you have October numbers for residual value and money factor for a C-MAX SEL (base SEL with no additional equipment)?
Also, how does trading a car in work with a lease? We have a 2006 Saab 9-3 that's worth about $5,500 in trade according to Kelly BlueBook.
The Ford lease offer on Ford.com is capitalized cost of $29,160, down payment of $2,916, adjusted cap of $24,994 and monthly payment of $261. This is just the web offer in my zip (94708); I haven't gone to the dealer yet.
Thanks for your help!
#16 of 21 Re: Ford C-Max Lease Questions [mrswitters]
by kyfdx@Edmunds HOST
Oct 27, 2013 (6:17 pm)
2013 C-Max SEL 36mo, 15K/yr lease
The residual is 53% for October..
Again, I don't the October money factors, but last month the rate was 3.25%
If you want to trade in a car on a leased vehicle, it's best to keep the transactions relatively separate. If the dealer will give you $5500 for your vehicle, then just have them cut you a check.
You are correct... you want the lowest selling price possible, just as in purchasing a vehicle. The bank sets the residual, and the dealer can't change that... but, the money factor rate can be increased by the dealer for extra profit, so you'll need to watch out for that..
#17 of 21 CMAX Enegie purchase incentives
Nov 02, 2013 (8:49 am)
I am planning to purchase a CMAX Energie by Nov.11 ( I intend to cash in on the $5827 tax credits Federal$4077, State $1500, County $250). The incentive is $3,000 plus 60 months 0%.
any other hidden incentive, like maybe an extra $1000 for Veterans day ?
The lease has $7000 in incentives but it disqualifies the consumer from the tax credits.
I will once again use my Xplan, which is nice and transparent I also got Costco executive which I never tried, which is better?
#18 of 21 CMAX Energie Lease - Bay Area
Nov 09, 2013 (4:48 pm)
We're about ready to pull the trigger on leasing a C-MAX Energi. Looking at 302A package, black on black. Terms are:
51% residual -- purchase option at end of $18.4k
--> $342/month with tax
Looking for any feedback.
#19 of 21 Re: CMAX Energie Lease - Bay Area [cdr_a]
Nov 10, 2013 (8:58 pm)
I bought a CMAX Energi, Ruby Red with the 302A package yesterday ( Nav and power liftgate). It came out at $34390 plus CA. tax.
$3000 in rebates with zero percent financing for 60 months.
I will file my taxes by February and expect to get $4077 Federal and $1500 California tax credits.
If you lease the reason you get $7,000 in rebates is because you will not be allowed to get the tax credits.
To sum It up it is a great deal I computed that it is $4,000 cheaper overall to buy the CMAX Energi over the regular CMAX with the tax credits or lease rebates.
#20 of 21 Re: CMAX Energie Lease - Bay Area [ozztruck]
Nov 11, 2013 (8:56 pm)
Thanks ozztruck. We just finalized our lease today and went with a 303A package based on availability and color combinations. Against my inclination, we also got the maintenance pacakge. In the end it was about $380/month with nothing down for 3 years and 10.5k miles. Also note that in California the tax credit goes to the lease holder.
#21 of 21 Re: CMAX Energie Lease - Bay Area [cdr_a]
Nov 12, 2013 (9:53 pm)
Congrats on your Energi with the 303A, and good to hear that you can get the $1500 from the Franchise tax board. I have to confess I got an extra 3 years bumper to bumper myself for $750 extra . My is a purchase so my total DP is $10000 and my payment is $470 month for 60 months. I just got the downloaded the App and registered with myford for the CMAX lots of neat stuff you can remotely monitor your car