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2013 and earlier Ford Mustang Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey gtucker4. I do not personally keep tabs on manufacturers' balloon note programs, but I would be happy to give you an idea of what Ford's current lease program for this car is like. Ford's lease program for the Mustang varies by trim level. A base 2007 Mustang Coupe's current 24 month, 15,000 mile per year base lease rate and residual value are 7.25% and 62%, respectively. The numbers for an otherwise identical 36 month lease are 6.5% and 51%. If you provide me with the full MSRP and selling price of the car that you are interested in, I will be happy to use the above lease programs to estimate what your monthly payment should be.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the latest info, gforce11. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Ford Mustang GT Coupe with 15,000 miles per year are 6.5% and 55%, respectively. Its 12,000 mile per year residual value is 2% higher.

    Car_man
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  • gtucker4gtucker4 Posts: 8
    Thanks Car_Man, I was wondering if I'd ever hear back from ya... :D The most expensive one I'm looking at is $24,420 after taking all rebates and negative equity into account. I don't plan on putting any money down unless I have to, so you can work the numbers with $0 down. Please let me know how each $1000 down would affect the monthly payment at 24 and 36 months, I'm just curious to know how things would change. Thanks again!
  • gforce11gforce11 Posts: 225
    Thanks Carman! So far, the Ford folks have not been jerking me around on the MF and the residual. However, I was wondering if anyone knew whether the rebates applies to the leases ($1995 or $1645). I was told that the $1000 cash back doesn't apply to leases. But the $645 (or $995) does. Anyone have any ideas whether this is true?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem, gtucker4. Is $24,420 this car's MSRP or selling price? I need both to estimate what its lease payment should be.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, gforce11. What you were told is correct. The $1,000 customer cash that Ford is providing on the 2007 Mustang is not available on leases of it through Ford Credit, but the $995 and $645 bonus cash is.

    Car_man
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  • toto88toto88 Posts: 7
    Car_man - I am stuck. I have been looking at 2007 Mustang Convertible with a V6, but after looking at the numbers from May it looks like leasing a GT might be about the same price. Are the rates (money factors and residuals) still the same in August?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi toto88. Ford's lease program for the Mustang is definitely different now than it was back in May. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Mustang Convertible V6 with 12,000 miles per year are 7.25% and 56%, respectively. The numbers for an otherwise identical lease of an '07 Mustang Convertible GT are 7.25% and 58%.

    Car_man
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  • Hi CarMan,

    Been a while since I last checked in. Right now, I'm looking at a V6 deluxe coup with an MSRP of $22,300. Right now, Ford's got $3000 in rebates, plus $500 in College cash off. Also, on FordDirect.com, under incentives for 72118, they seem to list a discount of $705 for the SAB and Active Anti Theft together as the Safety discount. All the other discounts are Premium trim specific, but the Safety one just says V6 Mustang, so I assume it's for Deluxe as well. This is all for '07 models by the way, and it seems like they don't care about marking down the GT's anymore, because there are no more advertised discounts on the '07s. Anyway, most dealers here have been stating how they'll match the factory discount, which if I purchased the vehicle, would be a grand total of $7205 off sticker, not bad! I'm just curios about the dealer holdback on these cars, and what my payment should be if I decided to lease the car instead. I know I wouldn't get the $3000 in rebates, but I think you still get $1000 off? That, plus the difference between MSRP and Invoice, and also the dealer holdback, would be what you may want to work the lease numbers at, for 24 and 36 months, respectively. Thanks again as always, and sorry for info dumping. I'll try to post smaller, and more regularly from now on... :P
  • cccompsoncccompson Posts: 2,388
    Has any dealer actually offered to sell you one for $15,095 or is this just a calculation you've made?
  • It's just a logical calculation based off of the current incentives, and what certain dealers have been advertising. I was just using the rebates for the dealer match, could have been more unrealistic and factored in them matching the college discount AND the saftety discount. Had similar negociations to this last year with a Mazdaspeed6, and actually got ready to sign, before the wacky lease complications here in AR came to pass. Also keep in mine, the car I'm number crunching on is basically a bare 5spd V6, except for the SAB, ABS/TC, Alarm, and IUP.
  • mschmalmschmal Posts: 1,757
    1. Must car dealer ads newspapers are so full of fineprint BS that IMHO I would not even shop at a dealer that used price or payment advertising on specific models unless the dealer was just repeating national ads from Ford.

    2. That airbag/alarm discount that you saw was a "factory discount" and is only offered on Job 1 builds its not necessarily on ever car out there, or even on the car that you saw. If the car does have this "factory discount" it is already included in the sticker price, so it really doesn't come into play.

    3. I couldn't find a Mustang Dlx in my region with an MSRP of $22,300. However I did find one for $22,510. Options are Auto, Pwr Seat, Sd Air Bags, and ABS/TC.
    MSRP $22,510. Invoice is $21,273. Holdback is $653.
    Accordingly, a dealers net net on this car is $20,620.
    Rebates: There are $3,000 in rebates with your $500 college grad rebates. Assuming the dealer will sell you a car for net net, that brings me to $17620.

    If you can find a dealer that will sell you a car BELOW his net net cost, then there is going to be a catch, or somethign the dealer isn't disclosing. Like that the car is not new.

    In general, If you are considering a new car that has more than a few hundred miles on it you might want to run a Car Fax to deterimine that it is still a new not previously titled vehicle.

    Mark.
  • mschmalmschmal Posts: 1,757
    IMHO, the Mustang you should buy is a Premium with IUP, Pny Pkg, Sd Air Bags, Sirius, and ABS/TC.

    I have 2 on my lot with the "performance package" discount and the MSRP is $23,770. Invoice is $22,399. Hd Bck is $691. Rebates are the same.

    For the Extra $1100 you are getting the Pony Pkg, the Interior Upgrade Package and Sirius with the Shker 500.

    Thats alot of stuff for not a not that much money.

    At my dealer, we only order our V6 Mustangs as Premiums with Pny Pkg, IUP and Sirius. Some have side bags, some have leather etc but none are Dlxes and none do not have the IUP.

    If you buy a deluxe, you'll also find that the depreciation is steeper as this is the "rental car" version.

    Remember, the Pony Package adds the GT suspension to the V6. Ford doesn't really advertise this cause they don't want to scare the wussies away who are worried that the ride is harsher. However, you can easily look under the back bumper and the rear anti-sway bar is clearly visible on Pny Pkg cars and missing on the non Pny cars.

    Also the base car has smaller wheels and crappy tires.

    Mark.
  • Hi Mark,

    The one I'm looking at is a dlx with 5spd, IUP, ABS/TC, SAB, and the Anti-Theft system. The reason I like this, is because the Shaker radio is garbage, and I don't want to pay for something I'll replace anyway. Same goes for the wheels and tires, upgrade would make the Pony Package wheels a waste. This is going to be a project car, so I want to start with as few options as possible, but still want the safety features that SHOULD have come standard in the first place. If you check this link...

    http://www86.forddirect.fordvehicles.com/Dispatch.jsp?processZipCode=&__action2=- &.CurrentState=IncentivesGrid&processModel=true&selectModel=2007+Mustang&zipCode- =72118&statetoken=

    That job code restriction is not advertised, so you and I both know that if a customer pushes the issue, they'll most likely win. I'm just curious to see what the holdback would be on that car, and if Carman would be able to work a 24-36 month lease on one. On a side note, I think it's lame that AR dealers won't(not can't)balloon finance vehicles, even though Ford offers it as a finance option...
  • I forgot that it had power driver's seat as well.

    IUP, PDS, SAB, ABS/TC, AAT, 5spd.
  • Oh, and the rebates in my region are $2000+$1000 swap cash+ $500 college rebate. That would put the price of that auto you told me about at $17,120.
  • Can I get the residuals an money factor to lease an 08 mustang conv gt premium.
    36 months both 12k miles and 15k miles
    Info on car
    MSRP $35290
    Selling price $32752
    Tax 6%
    Thanks in advance for the help
  • mschmalmschmal Posts: 1,757
    This discount was invoiced by the factory. It is not like a rebate or dealer cash that the dealer can claim.

    If the car did not get the discount at invoicing you can never get it on that car.

    As for a lease, you really can't mod the car, unless you plan to put everything back to stock at the end of the lease.

    Mark.
  • Hey Mark,

    I'd have to disagree with your assesment of the discounts. A good example would be on the '07 GT. The automatic transmissions were being discounted to free, and still are right now. Some cars had the discount on the sticker, some didn't, but since Ford has advertised it, you get it. You just have to make sure and ask, because we all know most dealers won't tell you how to save money. I'll just mention this when we do the deal for my wife's car this week. That brings me to my next question for CarMan. Can you tell me what the prime and subprime rates are right now on the '07 Mustangs? My wife has bad credit, and I'm trying to have her build it up with this upcoming car loan. When we bought our '06 Accords, Honda was running APR specials to get rid of them. We didn't get the best rate, because her score brought our cumulative score down on the joint credit app, but we got 5.14 APR, and I didn't even have a job at the time because I had just settled down from moving back to the U.S. I guess what I'm asking is, what kind of rate could she expect at 48 and 60 months respectively, taking the low advertised rates into account with her low 500 credit score? I'd just like to know if they start from the low rate, and mark it up, the same way they would do with a regular rate, and go from there. Any feedback would be greatly appreciated. Thanks.
  • Hi jfgobraves24. Here's the info that you're looking for. Ford Credit's base lease rate and residual value for a 36 month lease of a 2008 Ford Mustang Convertible GT with 15,000 miles per year are 6.5% and 59%, respectively. The residual value for an otherwise identical lease with only 12,000 miles per year would be 2% higher. Ford is currently providing $1,000 bonus cash on this car in most regions and an additional $500 lease cash on it in select areas.

    Car_man
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  • waterdrwaterdr Posts: 307
    Why would you lease a project car? That makes no sense.
  • Does any one know these numbers or could help me out how to figure them out?
    I have gotten some preliminary #s from a dealer but they seem a bit high.

    I am looking at a Mustang GT with MSRP $28465.
    The X-Plan price of this car is: ______________

    I have Ford X-Plan. I also have a $1000 certificate from Ford.

    I would like to know:
    36 month lease with $0 down at signing
    12k miles/yr : __________
    15k miles/yr : __________

    36 month lease with taxes/fees down at signing (what are approx tax/fees $________)
    12k miles/yr : __________
    15k miles/yr : __________

    60 month buy using X-plan + $1k certificate and incentive 3.9% financing __________
    60 month buy using X-plan + $1k certificate and incentive $1500 off __________

    What is the residual on this car 36 months with 12k: __________, 15k: __________
    Another place I saw 61% and 59% respectively, is this correct?

    Anyone who can help me would be greatly appreciated, I really hope to get this car into a range I can afford!!!!
  • mschmalmschmal Posts: 1,757
    First, MUSTANG GT forget leaseing there is no incentivised program.

    Second, visit www.fordpartner.com and have your company's Partner Code handy.

    Mark
  • I am trying to decide on two types of mustang coupes. One is a 2005 Ford Mustang coupe and the other is a 2008 Ford Mustang coupe. I need help finding out how to figure out the monthly payments on the vehicles and which Mustang is cost-effective. I am also trying figure with the monthly payments would be if there were extra things added to them. I am in need of help on this. This is my first time wanting to buy a car, and I need some advice.

    Shebah
    :confuse:
  • i want to know how to figure out the monthly payments on a 2008 ford mustang and a 2005 ford mustang for future reference. just in case they are needed down the road. can anyone help me with this problem? :confuse:
  • crestonavecrestonave Posts: 219
    I'm looking to lease a 2008 Ford Mustang V6 Premium convertible. I believe there's a $500 lease incentive going on right now in my area (Long Island New York). Can someone supply the money factor and residual for this car? Any other incentives available that I'm not aware of? Much appreciated!
  • crestonavecrestonave Posts: 219
    You're comparing apples and oranges. A 2005 is going to be cheaper than a 2008.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi shebah87. I would be happy to help you estimate what the lease payment would be on the 2008 Mustang that you are interested in leasing. However, it will be next to impossible for me to do so without some additional information from you first, including exactly which Mustang model you want, what its MSRP and selling price are, how long you want to lease it for, and how many miles per year you need to be able to drive it. Let me know what these variables are and I will crunch some numbers for you.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello crestonave. Here is the information that you are looking for. You never mentioned how long you want to lease this car for or what mileage allowance you need, 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 rate and residual value for a 36 month lease of a 2008 Mustang V6 Premium Convertible with 15,000 miles per year are 5.25% 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. When you negotiate your lease on this car, make sure to take the $500 lease cash that is currently available on it into account.

    Car_man
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  • I have 2008 Mustang coming off lease end of March 2010. It was a two year lease, car is in nice shape, and I'm under mileage. I'm considering buying the car. I stopped to speak with a dealer today who told me that there is no flex in the buy out price - whatever is in the lease is what they'll sell the car for, and that there's no way they'll waive any of the three remaining payments on the car either. Anyone know if this is true? Should I check with another dealer? Thanks!
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