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Ford Flex Lease Questions

kyfdxkyfdx Posts: 28,048
Ask your Flex lease questions here!

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Prices Paid, Lease Questions, SUVs

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  • Would someone share the current Ford Credit residual and money factor for a 12k/year 3 year lease? Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, alexandria. Ford's lease program for the Flex varies by region. Since you never mentioned what state you are in, I will provide you with information on its most widely available version of this vehicle's program. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2009 Flex SEL AWD with 12,000 miles per year are 4.5% and 52%, respectively. 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.

    Car_man
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  • Hello,

    I’m looking for residuals and interest rates on a pretty much fully loaded Ford Flex Limited AWD for 36 months.

    Also, can you tell me of any rebates, offers and discounts in or around zip code 10801? (NYC Metro Area)
  • Helllllllloooooo anyone out there? What's the point of these forums if no one answers the questions? :confuse:
  • Sorry you haven't seen the answers you're looking for yet, it doesn't seem this model is super popular here on the boards yet...I've seen two owners thus far I believe.

    I would suggest calling your local dealer to get the answers you need.
  • Hi sammin. I can help you out. You are in luck because Ford Credit's lease program for this model is more attractive in your area, New York, than it is in most of the country. According to the latest information that I have seen, Ford Credit's current base lease rate and residual value for a 36 month lease of a 2009 Flex Limited AWD in your area with 15,000 miles per year are 1.0% and 50%, respectively. Also, there is a $250 cash incentive on leases of this model through Ford Credit in the New York area right now

    Car_man
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  • Karen_CMKaren_CM Posts: 5,018
    A reporter from a large local newspaper would like to speak to Ford Flex owners. If you own a Ford Flex, please respond to ctalati@edmunds.com with your daytime phone number by Thursday, October 2.

    Community Manager If you have any questions or concerns about the Forums, send me an email, karen@edmunds.com, or click on my screen name to send a personal message.

  • 91302 in Southern California
    Might consider flex -- what sort of discount is available relative to MSRP or invoice
    What is the interest rate and residual for 15000 miles for 2 years and 3 years.
    Thank you.
  • Hi asteinberg. This vehicle's lease program varies by trim level. You never mentioned exactly which Flex you are interested in, so for now I will assume that you want an '09 Flex SE FWD. Let me know if you want something different. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2009 Ford Flex SE FWD with 15,000 miles per year are 1.5% and 48%, respectively. Ford is not currently providing support on 2 year leases.

    I personally am not all that familiar with what the market is like for this model right now, but you might be able to get an idea of how much you would have to pay for one right now by hopping on over to the "Ford Flex Prices Paid and Buying Experience" discussion.

    Car_man
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  • samminsammin Posts: 39
    Hello,

    I'm about to take delivery of a pretty fully loaded Ford Flex Limited AWD in zip code 10801.

    Car-man, do you have the current lease APR and Residuals for this vehicle in my area?

    How about any incentives that I can also use?
  • Hi sammin. I believe that you are in Ford's New York region. In your area right now, Through November 18th, Ford Credit's 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 0.5% and 49%, respectively. I don't believe that Ford is providing any cash incentives on leases of this model in your area right now.

    Car_man
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  • samminsammin Posts: 39
    Thanks Car_man,

    Do you know if the residual would change (go up) for 12,000 miles per year?
  • Hoping to get the lease rates, residual and cash incentives for a Flex SEL for 12,000 miles/yr in the zip 48072. I thought there was $1250 cash incentive for leases but can't confirm. Also I should mention I have access to X plan pricing. Should I be able to negotiate better than X plan or is that the best I can do?
  • Hi Everyone
    Just considering this car not totally sure yet (also looking at a Honda Pilot)

    Im in florida, need 12k, loaded Flex.

    What can I expect to find out there?

    Thanks
  • No problem, sammin. Ford Credit's residual values for leases with 12,000 miles per year are 2% higher than its 15,000 mile per year residuals.

    By the way, just a heads up in case you haven't pulled the trigger yet. Ford is going to reintroduce employee pricing on all of its models on Wednesday.

    Car_man
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  • Hi bmmiller. It looks like you are in Ford's Detroit region. In your neck of the woods, Ford is currently providing a lease rate of 1.5% on the 2009 Flex. I believe that the only cash incentive that Ford is providing on the Flex in its Detroit region is $500 bonus cash. It doesn't really matter anyhow because Ford is scheduled to change its entire incentives program on Wednesday. Feel free to check back with me then and I will gladly fill you in on the new details.

    Car_man
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  • samminsammin Posts: 39
    Thanks Car_Man,

    That timing sounds perfect...I have a factory ordered car to be delivered sometime after Wednesday.

    I hope I will be able to put together a great lease deal with the new incentive program.

    Please pass along details when you have them.

    Thanks!
  • samminsammin Posts: 39
    Hello,

    I'm about to take delivery of a pretty fully loaded Ford Flex Limited AWD in zip code 10801. (NYC Metro Area)

    Car-man, do you have the current lease APR and Residuals for this vehicle in my area for 12,000 miles?

    I know they have Employee Pricing now, but is there any additional lease incentive cash available in my area?

    In case it matters, this is a factory ordered vehicle...I ordered back in September and the vehicle is expected to arrive at the dealership any day now.

    Thanks!!
  • We are also looking at the Flex. (We are looking at both the Pilot and Flex)
    Flex Limited with just about all the options (no fridge though!!)

    We are getting a 39mo payment incl tax (FL) for 550.00 with 2500 down. Havent pulled the trigger yet, wondering how this looks compared to others.

    Our pilot quote is really good about 535 incl. tax for the Touring but no DVD and only 1300 down. Its hard to decide!

    Thx
  • Hey sammin. I see that you are already aware of Ford's Employee Pricing offer. Ford is not offering any cash incentives on leases above and beyond this. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2009 Flex Limited AWD with 12,000 miles per year in its New York region are 3.25% and 51%, respectively.

    Car_man
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  • samminsammin Posts: 39
    Hi Car-Man,

    Thank you; that confirm what the dealer is telling me. I was worried there was more cash to be had that the dealer was not telling me about. They are not going lower than employee pricing (which I can't complain about since it is nearly $5,000 off MSRP)

    Unfortunately the employee pricing seems to be lowering my trade-in value, that's a rotten thing for them to be pulling, so we are still negotiating that point.

    This was an ordered vehicle, (before employee pricing), now that the delivery date is falling during employee pricing, my trade (in their evil eyes) seems to have lost a lot of value to compensate for the employee pricing.

    Rotten bast*erds
  • You're welcome, sammin. I doubt that the Employee Pricing promotion has anything to do with the value of your trade. Used vehicle prices are falling at the fastest pace that I have ever seen right now. They are dropping so rapidly that a local chain of dealers in my neck of the woods recently instructed its managers not to take any trade-ins. The dealer is probably just being conservative in quoting you a price for your trade, and rightfully so in the current economic environment.

    Car_man
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  • samminsammin Posts: 39
    Ok, that makes me feel a little better as that is what they said as well.

    So here are the details on the deal, how did I do?

    Flex AWD Limited MSRP: $43,705
    Employee Price: $38,912
    Up front taxes (in NY), bank fee, DMV, etc: +$2100
    Cap Cost red: (trade credit after payoff and $500 dep): -$6400
    Adjusted Cap Cost: $34,612
    Resid: $22,290
    Out the door per month: $419

    I know, I know, I should not have put so much down (with the trade), but that is the only way I could keep the monthly payments semi reasonable.
  • Carman or anyone else with the info. I would greatly appreciate the current lease terms on the Ford Flex Limited with 10500 miles a year over 36 months. I am in Miami, FL 33144. Thank you in advance.
  • Please pass rate and residual for the Orange County area in CA (92886). Also, I need to return my current non-Ford lease. A Ford salesman told me I could return it to Ford and he will waive my last month lease payment. Can this be done, how?

    BTW, the residual value at the time of lease for my current car is $40K and the buyout price is $22K. Can Ford dealer buy it out for me and use whatever difference as a trade in value?
  • golicgolic Posts: 714
    If the buyout value is 22K what is the trade in value?

    If the trade in value exceeds the buyout, you can do a multi-step transaction where you purchase the car and then trade it in for another car at the dealership.

    I had the privilege of this happening to me once in my life.
  • 'Internet' trade in value came out to be around $25K, but don't know how much the dealer would quote me ... I'll just be happy if I get enough to cover the $500 turn in fee.
  • Hi Rich. 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 2WD with 10,500 miles per year in your area are 4.5% and 51%, respectively.

    Car_man
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  • Here's the information that you're looking for, nws_reader. This vehicle's lease program varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different.

    Ford Credit's current base lease rate and residual value for a 36 month lease of a 2009 Ford Flex Limited FWD with 15,000 miles per year in your area are 4.5% and 48%, respectively.

    While it is possible that Ford is running a special early lease termination program, it has done so from time to time, I am not aware of one that is currently running. If this is not an official Ford program, having the dealer eat the final payment on your current lease will likely hamper your ability to get the best possible deal on your new vehicle.

    The values of used vehicles have absolutely fallen off of a cliff over the past several months. It is unlikely that your current leased vehicle is worth thousands of dollars more than its purchase option price.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Went by the dealer today and was getting the following terms at J&S Ford in Jersey City, NJ:

    Ford Flex FWD Limited
    MSRP: 40,270
    Cap Price: 36,240
    All taxes, title, etc up front - can't remember the exact # but approx: $2200
    Trade-in: ~4,000 pending them seeing it in person but with the promise to adjust so the lease comes out at $400 a month.
    Monthly Payment: $400

    Good deal? I really want a midsize SUV with Navigation but lease deals aren't great on the normal manufacturers right now (Ford Flex, Toyota Highlander, Honda Pilot, VW Tiguan) with Navi & I keep feeling like I'm getting up to near Acura MDX or Lexus lease prices...

    Any additional ideas or other similar vehicle suggestions?
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