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Ford Fusion Lease Questions

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  • openarayopenaray Posts: 1
    Car_Man,

    Here is my deal....2007 Ford Fusion SEL/AWD MSRP is $29,650.00....Lease deal is 272.82 for 36 Months @ 15K Miles per year. $1250.00 up front cash which was for taxes and some local NJ stuff....I appreciate your help om this.

    Tell me what you think, thanks.

    Mike.
  • Ok --36 Month Lease /12,000 mile / MSRP $20,330/ A-Plan Sell $18,346 / 50% Residual/ 2% Apr / $1000 Rebate/ Acg Fee $595 / NY Taxes $914 / Cap Reduction $900/ Adj Cap Cost $18,878/ Reg/Doc/Title $80

    $325 cash due at signing.......$266/month

    How is this deal? Should it be less.....Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello Mike. You never mentioned the selling price of the Fusion that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi buckeighty. The dealer invoice of the car that you are interested in is $18,788. So you are getting the Fusion that you want for below invoice minus the $1,000 lease cash that is currently available on it. Plus the dealer is using Ford Credit's base lease rate to calculate your car's monthly payment. This looks like an excellent deal to me. If you like the car, go for it.

    Car_man
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    Prices Paid Forum
  • keeferbkeeferb Posts: 81
    Hi Car_man,

    Can you get me the residual and money factor numbers for an '07 Fusion V6 AWD(SE and SEL if different)? 3 yr/45k. I am eligible for Ford's fleet pricing(aka X-Plan) and it looks like there is a $1500 retail lease cash rebate + $500 X-plan rebate available).

    We were going to wait for an '08, but depending on the resid/money factor the '07 might be a better deal. Just out of curiousity, do you have any idea what the resid/money factor were for the '07 models last year when they came out?

    Thanks in advance.
  • Hi,

    How's this sound?

    Fusion SE I4 - Manual transmission with appearance package and spoiler - $24,412 (Canadian Price). This is the Ford Family Price (regular price is 26,444).

    48 month lease - 0.5% interest...works out to $357/month (taxes included)

    Residual value is $9,800 (40%)

    I'm currently leasing a Freestyle, but my lease is up in March 08. I did the math, and it would be more economical for me to lease the Fusion now (and assume two leases for 6 months) rather than in March when rates may be up to 4.9%.

    Normally, this would be a no-brainer, but we're not a 2-car family. Is this deal too sweet to pass up?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, keeferb. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Fusion V6 AWD with 15,000 miles per year are 3.75% and 53%, respectively. Unfortunately, I don't remember what the lease program was like for the '07 Fusion was like when it was first introduced, but you may be able to find this info by scrolling back in this discussion.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi bizarroronj. I personally would not get out of my current lease early to lease a Fusion now. In order to get out of your lease that is scheduled to end in March you are going to either have to make all of your remaining payments or purchase your car and sell it / trade it in. Either way, it is probably going to cost you a decent chunk of change to get out of your lease this early. There's no real sense of urgency anyhow. I would be very surprised if Ford did not provide attractive deals on the Fusion at some point early in 2008.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks for the info.

    Regardless of our current car, can this be considered a "good deal"?

    We wouldn't get out of our current lease. With 2 kids, we can actually justify 2 vehicles. Terminating the lease early wouldn't make any sense. The residual value is about $6000 more than the blue book value. Thankfully we benefitted with the low monthly payments.
  • hi, ive been in the talks with a rochester, ny area dealer for a 2007 ford fusion I4 se w/manual trans (msrp $19,710). here is the first deal he offered me. $3000 down and $230/mo. for 12k and 39mo. i decided to research a little and seeing what other people got i came back and made a new deal for a selling price of $18999, $1000 down, $261.96 mo for the same miles and term.
    also i tried to pry more information from them but this was all they were willing to offer. so..does it look like im getting a better deal or am i getting fleeced? also if it sounds ok what sort of hidden fees should i be watching out for? Any advice would help a ton!
  • Hey Car Man or anyone else with experience on this issue. Mercury has the "Your choice sales event" going on where they offer either the 2008 Milan I4 premier with moonroof and 6-disc player (MSRP $22915)or 2008 Mariner for $229/month for just $2069 down with security deposit waived (and of course excluding tax,tag,title). Also, this includes the $500 rebate. I cant find any more details on this lease anywhere on their site, such as residual value at lease end, or money factor.

    That lease offer just seems to good to be true. Do you know of other rebates they might be including in that price or a super low money factor. I guess my big question is how are they offering such a tempting lease price?? Im worried about gimicks.
  • Hi. Can anyone help me with the current lease money factor and residual for a Mercury Milan Premier V6, 36 mos., 12,000 miles/year? I didn't find any recent info on this post. Thank you. :)
  • Back in July of this year my folks leased an '07, 6 cyl., AWD Fusion w/ 12,000 mile for $199.00/month for 39 months.
    PS they love the car
  • ddeliseddelise Posts: 339
    Car_Man -

    What is the current info on the 2008 Mercury Milan V6 Premier, FWD.

    I am looking for 36 month, 12k miles/yr, residual, money factor, acquisition fee, and rebates.

    Thanks
  • Hi lonewalden. Ford is providing a pretty attractive lease rate on the 2008 Mercury Milan right now. Ford Credit's current 36 month base lease rate for the '08 Milan is 1.5%. Other than the $500 cash incentive that you mentioned, I don't believe that there are any other cash incentives available on leases of this model right now.

    Car_man
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  • Here's the information that you're looking for, needanewcar4. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2008 Mercury Milan Premier V6 with 12,000 miles per year are 1.5% and 54%, respectively. Good luck in your quest for a new car and let me know if you have any other questions.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • car Man,

    What is Ford's residual & money factor/rate on the 4 cylenders 36 month Lease @ 15,000 year?
  • Hey ddelise. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2008 Mercury Milan Premier V6 FWD with 12,000 miles per year are 1.5% and 54%, respectively. I believe that Ford Credit charges an acquisition fee of $595 on every lease. Ford is only providing a $500 cash incentive on leases of this car right now.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Here's the information that you're looking for, fordlifer3. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2008 Ford Fusion S with 15,000 miles per year are 1.5% and 49%, respectively. The numbers for an otherwise identical lease of a base 2008 Mercury Milan 4-cylinder are 1.5% and 52%. Ford is currently providing a $500 cash incentive on leases of both of these cars.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • First of all, can someone explain how the money factor works and how it's bult into the price on a lease?

    Second, can someone tell me the money factor and residual rate on a 2008 Ford Fusion SE I4 FWD with a 36 month term and 12k miles?

    I am on the X Plan, so I know the cap cost for the exact car I am looking at. The cost (which is non-negotiable) is $20,284 factoring in incentives and options chosen. Now all I need is the residual rate and the money factor (which I don't understand in the least bit - :cry: )

    Thanks,
    Jay
  • I found out how to calculate the payment using the residual and money factor numbers.

    Lease Equation

    Now...I just need to find out the money factor and residual of a 2008 Fusion I4 SE...anyone?
  • Been offered a '08 Fusion SEL AWD, 12,000 miles/yr for a 36 mo. lease
    Lease Factor was 1.5% and a residual of 55%.
    MSRP is about $25k, $2,000 down + tax/fees, monthly payment would be $272.

    How does that look?
  • Hi navyjay. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2008 Ford Fusion SE 4-cylinder with 12,000 miles per year are 1.5% and 54%, respectively. As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. You can convert its base lease rates into approximate money factor equivalents by dividing them by 2400.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi rpn914. The lease rate that you were quoted looks great. It's right in line with Ford Credit's base rate for the '08 Fusion. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I'm considering a lease on a Ford Fusion and would greatly appreciate any feedback to make sure it's a reasonable deal. The car is a 2008 Ford Fusion SEL FWD with just about every option there is, including navigation, Sync, moon and tune and a spoiler. The MSRP of the car is $28,020, the quoted selling price over the phone is $25,810 minus the 500 rebate. The mileage if 16,500 for 36 months. I was emailed the following info on the 36 month lease: "money factor/ RCL rate 1.50, residual for 16,500 is .49 (49%).

    The estimated monthly payment with $3,000 down is $324/month. I have never leased before and I am not sure if this is a good deal or not, or whether $3k down is too much for this car.

    If anyone has any feedback please let me know. Thanks!
  • thekingtheking Posts: 107
    Never go with cash...always nothing down..if you total vehicle,God forbid) you are out $3000....I would offer $300.00 a month $0 down..all fees including acquistion fees incl in lease..all you pay up front is 1st month... registration and state taxes every month !!! :) I think you mean 12,000 miles a year !! (36,000 for total lease ) !
  • theking: thanks for the response. I'd prefer not to have to put anything down so I'll give it a shot. As for the mileage, I was looking for a higher-mileage lease. I asked for pricing for 15,000 per year for a total of 45,000 miles over a three year lease. The mileage of 16,500 per year was quoted as being only $12 more per month than the 15,000 mile price. I don't think I'll need that many miles anyway, so it was a bit academic, but the mileage I quoted was correct. The higher the mileage the greater the change in the residual though, so I understand. Thanks again.
  • rpn, is the $2K down cash or part of the rebate, etc. What is the total amount you are taking out of your pocket. I ask, because I just closed on a deal on the same car with leather seats & moon/tune package - total amount out of pocket was $2K, I turned in a lease 3 months ealry - the dealer took one payment, Ford took the other 2 payments and the dealer also took approx. $650 in wear/tear charges. My total payment came out to $316 per month for 36 months. Lease factor was also 1.5% and residual around the same as yours. This is in NYC.
  • 737capt737capt Posts: 14
    Anyone have the latest residuals and money fatctor and any rebates for a 36 month lease on a FWD Fusion SEL in South Florida?
  • Hello Hosts. Thank you for providing such good and advice.
    I new to leasing finance so I'll include details that might allow you to form an opinion concerning a dealer's 3 yr/36,000 mile lease offer. I'm using the x plan.
    2008 Ford Fusion SEL FWD. There are a lot of options. I won't include them here. The MSRP is 26660.00. The x plan price is 24926.94, Cap cost is 23926.94. Residual value is 14663. Depreciation is 9263.94. Rent charge is 2041. Total base payment 11305.08 /36 = 314.03 + 18.84 monthly sales tax = 332.87

    The dealer did a credit check and said I qualified for 1.9% financing. I don't know if this has anything to do with the number grid Ford posts under Rebates and Incentives. Any opinions would be appreciated.

    Thanks again. Brett.
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