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Ford Escape Lease Questions

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  • Hey Car Man,

    Can i get the residuals and money factor on the escape limited with AWD and FWD for a 36mo and 12k miles? Thanks!
  • Hi justin3687. Ford's base lease rate for the 2010 Escape varies by region. Generally speaking, it is anywhere from 2.0% to 2.75%. If you tell me what state you are in, I'll gladly let you know what the exact rate is in your area.

    Ford Credit's current residual value for a 36 month lease of a 2010 Escape Limited AWD with 12,000 miles per year is 50%. The resid for an otherwise identical lease of a FWD model is 49%.

    Ford is providing a $500 cash incentive on leases of this truck in most areas (it's higher in a few). Make sure to take this cash into account when negotiating your lease.

    Car_man
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  • Hi Car Man,

    What is the current residual and money factor on the Escape for AZ, 36month, 12k miles.

    Thanks
  • Our lease is up in a month and we our under our miles, if we choose to purchase this vehical what are our options or advice. Do we have to put money down on purchasing this vehical we leased,?,,,,, payoff will be around 14,000. thanks Robert
  • Hi bonesaz. Sorry for the delay in my response, I took some time off for the holidays. Here's the information that you're looking for.

    Through January 11th, in your area Ford Credit's current base lease rate and residual value for a 36 month lease of a 2010 Escape XLT 2WD with 12,000 miles per year are 2.0% and 46%, respectively.

    This truck's lease program varies by trim level. I provided you with the numbers for a common variant of it. Let me know if you want something different.

    Car_man
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  • Welcome Robert. In order to determine whether you should purchase your vehicle at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your car or truck's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.

    As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values".

    If your vehicle's purchase price is less than or similar to its current value on the open market then you may want to consider buying it. If not, walk away.

    Good luck and let us know if you have any other questions and how everything turns out.

    Car_man
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  • Hi Car_man,
    Are you able to provide me with the current residual and money factor for a 36-month/10,500 mile Escape XLS (FWD, AT) lease in Southern California? Thank you.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi kevinrm. 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 2010 Escape XLS FWD with 10,500 miles per year are 3.0% and 45%, respectively.

    When negotiating your lease on this truck, make sure to take advantage of the $1,750 cash incentive that is currently available on leases of it in your region.

    Car_man
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  • aces_fullaces_full Posts: 16
    Hi Car_man,
    I just recently signed up to the forum and was looking into escapes. Can you please provide the March residual and money factor data as well as incentives/rebates for a 2010 Escape Limited AWD and also the same for the XLT AWD? I live in MA.

    Thank you!

    aces_full
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome, aces_full (awesome user id btw). 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 2010 Escape Limited AWD with 15,000 miles per year are 3.0% and 48%, respectively.

    The numbers for an otherwise identical lease of a '10 Escape XLT AWD are 3.0% and 47%.

    Car_man
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  • aces_fullaces_full Posts: 16
    Thanks Car_man. One thing I forgot to mention is I'm going for a 12k/yr lease or 10,500 if they have it. Do you have the numbers for these? Also, I'm glad you like the user id!

    -Joe
  • topcoboktopcobok Posts: 1
    Appreciate if you have the numbers for 2010 Ford XLT 39 months lease. I am returning 2007 Escape this March. zip code 33705
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem Joe. Ford Credit's 12,000 mile per year residual values are 2% higher and its 10,500 mile per year residual values are 3% higher than its 15,000 mile per year resids.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Ford credit's current base lease rate and residual value for a 39 month lease of a 2010 Escape XLT 2WD with 15,000 miles per year in Florida are 3.0% and 46%, respectively.

    When negotiating your lease on this truck, make sure to take the $1,750 cash incentive that is currently available on leases of it into account.

    Car_man
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  • Hi Car man,
    I was just wondering if you could provide me Ford Escape XLT FWD current lease:
    MSRP $25,600
    12,000 Miles per year
    Lease Term: 24 & 36 (I need both please)
    sales tax:9.75 for S.California
    with min drive off.
    all I need the Money Factor and residual Value.
    Thank you
  • vane2004vane2004 Posts: 1
    I am in Miami, Florida and im being offered a 2010 Ford Escape Limted for lease. The dealer wants 3,000 and 354 monthly payments for a 24/month lease with 10,500 miles. please please let me know if this is fair and how this compares to everyone out there's deals. thank you so much in advacne.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, iwant2lease. Ford Credit's current base lease rate and residual value for a 24 month lease of a 2010 Escape XLT FWD with 12,000 miles per year in its Los Angeles region are 0.25% and 57%, respectively.

    The numbers for an otherwise identical 36 month lease are 2.75% and 48%.

    As you can see, Ford Credit publishes lease rates instead of money factors for vehicles. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400.

    When negotiating your deal on this truck, make sure to take the $1,250 cash incentive that is currently available on leases of it in the Los Angeles area into account.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi vane2004. The easiest way for me to tell how good a deal this is is to take a look at this vehicle's full MSRP and selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without these numbers, it is difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate.

    Let us know what these numbers are and I'm sure that either myself or another knowledgeable community member will gladly let you know what they think.

    Car_man
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  • I was wondering if you could provide me with the numbers for a 2010 Ford Escape Limited V6 with the 302A Rapid Spec Package for 24mo & 36mo for a 10,500 and 12,000 mile leases.

    I live in Chicago, IL (suburbs). I'm specifically interested in the lease interest rate (or money factor) and the percentage for the Residual Value of the car (if you know the $ amt, that would be great too).

    I am planning on buying late july, early august 2010.

    Thanks so much!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to help you out, lilmouse1230. Ford Credit's current base lease rate and residual value for a 24 month lease of a 2010 Escape Limited V6 4WD with 12,000 miles per year in Chicago are 0.5% and 59%, respectively.

    The numbers for an otherwise identical 36 month lease are 3.25% and 50%.

    If you were to lease with only 10,500 miles per year, this truck's residual values would be 1% higher.

    Car_man
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  • Car_man - can you provide the same numbers for August for the boston area for the 2010 Escape LImited V6 AWD and also, the XLT V6? (24 month and 36 month lease, 10k miles and 12k miles for both).

    Also, do you know if all of the $2,000 in rebates can be applied towards a lease?

    Thanks again!

    -Joe
  • Hey Joe . Ford Credit's current base lease rate and residual value for a 24 month lease of a 2010 Ford Escape Limited AWD with 12,000 miles per year in your area are 0.25% and 59%, respectively.

    The numbers for an otherwise identical 36 month lease are 2.5% and 50%.

    The lease rates for 24 and 36 month, 12k leases of the '10 Escape XLT AWD are the same, but its residual values are 58% and 49%.

    If you were to lease with only 10,000 miles per year, these trucks' residual values would be 1% higher.

    Car_man
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  • Test drove last night.
    Liked the ride but not as good as the Rav4.
    They offered mf of 3.75% (.0015625) and 50% residual.
    I had xplan so payments would have been @415/month for 39 months, with 498 down. for a sticker of 27360 (25914 xplan price)
    I ran the numbers separately and they don't add up. He said there was a $1000 conquest cash but my figures came as $369 a month including 6% michigan sales tax.
  • ohiofan07ohiofan07 Posts: 1
    edited December 2010
    Hey guys,
    First time here and found some great info. I am returning a Fusion lease and looking for an Escape lease to replace it. I'm fortunate enough to have access to the Z Plan. I live in the Northern VA area for comparison purposed. They quoted me for an Escape XLT AWD with the 202A spec package. MSRP is $27,815 and the Z Plan price is $25,398. No issues there. However, the subsidized lease rate is 3.75 (how does this convert to money factor? Is it .00156) and the salesman said lease rates are usually in the mid 11 area which seems really high to me. The lease rate for a Fusion would be 2.25. This is for a 39 month lease with a $1500 Z Plan rebate going towards the initial down payment. Residual value is 54% or $15,020. Monthly payments would be about $381 per month.

    Everything seems ok to me, other than the lease rate. Am I crazy, or is this high? I know I shouldn't be complaining because of the Z Plan goodness, but I'm wondering if different dealers handle Z Plans differently. Any insights would be appreciated.

    Thanks,
    Alex :) :)
  • Hi Alex. The 3.75% lease rate that you were quoted on the Escape that you are interested in is right. The rates are just a little higher on the Escape right now than they were on the Fusion when you leased it.

    Car_man
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  • rolianrolian Posts: 1
    Car_Man,
    Are you able to provide the lease numbers for the Ford Escape Hybrid FWD in the Chicago area? Thanks in advance
    Rob
  • alex2011alex2011 Posts: 1
    Car_Man, Just signed a lease on the above with 302A, Chrome Wheels, & Navigation System. MSRP was $34,600. They gave me several rebates Totaling about $3100. With only tax, tags and License out of pocket, mo pmt is $372 x 36 mo/12K mi. (.54 residual @ 2.25%) Good deal? :)
  • What information do I need to know (MSRP,depreciation value etc...) to negotiate a fair price with the dealership? And how do I calculate these numbers?

    Thanks
    -M
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings fordescape1. It sounds like you are new to leasing. If so, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease rate.

    Car_man
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  • Hi Car_Man,

    can you please post money factor and residual for 2012 Ford Escape Limited AWD for 36 and 39 month lease? Thanks!
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