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4WD Escape 24mos/12k
$500 rebate
APR of 0.75%
Residual of 62%
4WD Mariner is exactly the same EXCEPT:
Residual of 63%
Interesting that it has that extra +1%.
Car_man
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For now I can tell you that manufacturers' advertised lease payments usually leave a little meat on the bone so to speak. I would not be surprised if you were able to negotiate a more attractive selling price on the Edge that you are interested in than the one that was used to arrive at the advertised payment. If you are able to do this, the monthly payment would drop a little.
Car_man
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Car_man
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As far as how to negotiate with dealers goes, I personally don't think that it matters if you do so via e-mail, the phone, or in person. Dealers always prefer that consumers physically visit them because they feel as though they have a much better chance of sealing the deal with a person who is actually in the showroom. Regardless of which method you choose, negotiate as low a selling price as possible and then have the dealer calculate your monthly payment using the aforementioned lease rate.
Car_man
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I noticed the last post on this topic dates back a few months. I am in the market for the above car and I'm wondering about the lease rate (money factor) and the residual value on this SUV for 24 & 36 months. Please shed some light so I can be enlightened when I head to the dealer. Thanks.
I am new to leasing program. So I have few questions.
1). Can I lease a car in one state NY and transfer it over to California?
2). As soon as I get a car, I would need to drive to California, If I am going to lease can dealers add extra let's say 3000 miles to the yearly mileage. Can they do that?
3). Do you think it's better to lease in the state where I am moving to or it doesn't really matter?
Thank you so much....
- D.
If you buy in NY, then immediately move to California, you will effectively be paying the sales tax twice. In this example, you definitely want to wait to lease a car in the state you are moving to.
regards,
kyfdx
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Can you help me with lease rates and residuals, and perhaps leasing cash, on 2008 Escape.
Looking at 36-39 months I would guess and 12,000 per year.
Car_man
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Thanks
Car_man
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I live in St. Louis and bought a 2008. Escape Hybrid a few months ago. I thought I was ready to scale down from an Expedition, but I've been frustrated, at times, when I can't carpool a load of kids or fill the cargo area with the extreme amount of equipment needed for my last 2 kids' softball tournaments. I feel like I made an error in downsizing too soon. It's with much regret that I'm thinking about selling this beautiful vehicle and buy something with 3 rows and more cargo room. My Escape is 2 wheel, loaded all the way, Leather, Nav, Satellite Radio, Heated seats, Sunroof, you name it. The color is black slate metallic - not really black, sometimes hints of the darkest blue, other times the darkest of green, I guess depending on the type of sunlight or lack of, but very cool, everybody comments about it. I know your posting is old, but I highly recommend this vehicle. I also live in the St. Louis area and the 2008 Escape Hybrid was hard to find. They had to ship it from out of town. Love the vehicle, 33mpg, Nice ride.
Is this decent lease pricing or should I be able to get it down farther. It is some kind of sign and drive/red carpet event. I am new to leases. I appreciate the help!
Thanks
In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible and then have the dealer calculate your monthly payment using its base lease rate. Ford Credit's current base lease rate on the 2008 Edge is 3.25%.
Car_man
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Thanks!
For the 36m lease the residual dropped to 48% and rate up to 4.25%.
Auto co's have gotten killed on leases in the last 2 years so residuals
are plunging and most co's very hesitant to price aggresively beyond
24 months. Not the best time to lease. I think the better deal is to get a
big discount off msrp and then also try to get a low rate and finance over
5 years.
(a) getting the "big" discount off MSRP
(b) getting a "low" rate
(c) getting your money back on your investment
Car companies aren't giving away cars anymore. Times are tight. Interest rates on traditional loans have gone up just as much as lease rates. The thing you have to remember is when you buy a car in most states you have to pay sales tax on the sale price up front. So if you buy a car that is $20,000 and your tax rate is 7%, you now have to crap out $21,400. Then when you are sick of the car in 3 years, you have to trade it off to a dealer who doesn't want your car. They barely give you trade-in value which is way less than they end up selling it for later on. So in the long run you are probably out at least the $1,400 sales tax plus around $3,000 you got dinked on your trade-in value.
If you think leases have gone up $4,400 on a 36 month term you aren't seeing things the way I do. You just have to be smart and recognize the better lease deals from the horrible ones. Still, leasing is normally way smarter financially than buying a brand new car.
But, yes if you want a new car every 3 years then leasing is the way to go, but not in states that tax the full vehicle price.
Also you are correct about the purchase option at the end of the lease. If anyone ever does this they are mentally ill. Paying sales tax AGAIN on a vehicle that you have ALREADY BEEN PAYING sales tax on is absolutely ridiculous. It's what I like to call leasing double jeopardy.
Employee pricing has some nice deals, hopefully the lease prices are just as good!
Ford Credit's current base lease rate and residual value for a 36 month lease of a 2009 Escape XLT 4WD with 12,000 miles per year are 4.5% and 51%, respectively. The numbers for an otherwise identical 39 month lease are 4.75% and 49%. The lease rates for the 2009 Escape Limited 4WD are the same, but its residual values are 52% and 50%. Ford is not currently providing support on 2-year leases.
Car_man
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Thanks for your help.
Ralph L.
Through today, January 5th, Ford Credit's base lease rate and residual value for a 36 month lease of a 2009 Ford Escape Limited AWD with 12,000 miles per year are 4.5% and 52%, respectively. The numbers for an otherwise identical 39 month lease are 4.75% and 50%.
Keep in mind that Ford is scheduled to introduce a new lease program tomorrow. Please feel free to check back with me then and I will be happy to fill you in on the details.
Car_man
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Alexski
There's no more lease support on the Escape. If you really want to lease one right now, you will likely have to do so through an independent bank...if one is willing to lease this truck. If you really want an Escape, you will likely be better off financing it or paying cash for it. If you are completely set on leasing, you probably should go with a different model.
Car_man
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Car_man
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Does he have any options besides trying to get someone to lease or buy it? Does anyone think Ford Motor Credit would work with him or accept like a $1K (or less) payment and let him out?
Lots of questions for him but he does not have internet at home anymore.
i've read in another post something like "a $28,000 nissan may lease for $450 /month while a $28,000 honda may lease for $350 / month, some lease better than others"...
with that, can i get some opinions about the best deals out there? which crossovers/ suv's "lease best"?
we've looked at the:
vw tiguan (overpriced, quoted $393/month / 36 mos, 0 down, base s model)
nissan rogue (quoted $330/month/ 36 mos, ttl down, base SLmodel (cloth, no premium, but awd - we also have nissan loyalty and friends/family)
considering the ford escape, but no american mfg's seem to be leasing atm...
also, my current lease is up end of june - which is end of dealer quarter - is it better to wait till then to negotiate?
If you really want to get an Escape XLE, you would be better off financing it through Ford Credit at 0% for up to 5 years or 1.9% for 6 years. You could also pay cash for this truck or finance it through an independent bank and take advantage of the $2,500 cash incentive that is currently available on it.
Car_man
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Ford is not currently providing any lease support on the 2009 Escape. If you really want one, you would be better off financing it through Ford Credit at 0% for 5 years.
Car_man
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I'm in California but I recently visited NY, where I saw Ford Escape Lease Deals advertised. Is Ford now leasing the Escape - and in California? And, if so, what is the going lease data? Thanks
Car_man
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When you lease through an independent bank, the only incentives have to come through the manufacturer, in the form of rebates or cap cost reductions.. The independent bank can only make money on the financing, itself.. and, they have the additional risk of the vehicle not being worth the residual.
I'd guess 42% is fairly generous for the real-world resale value of an Escape after 36 months.. and, 7.8% sounds about right for an interest rate, with nothing down and the residual risk involved.
regards,
kyfdx
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These numbers aren't all that out of whack, it just really doesn't pay to lease unsupported vehicles in most instances. If I was interested in getting a 2009 Ford Escape, I would much rather finance it through Ford Credit at 0% for 60 months than lease it.
Car_man
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Can i get the residuals and money factor on the escape limited with AWD and FWD for a 36mo and 12k miles? Thanks!
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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What is the current residual and money factor on the Escape for AZ, 36month, 12k miles.
Thanks
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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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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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.
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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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
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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