Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
Ford is currently running an owner loyalty promotion on the truck that you are interested in. Specifically, it is providing $1,500 loyalty cash to current Ford owners and lessees on purchases and leases of 2007 F-250 models.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
At least in my region that is the way it is.
Can you provide percentage figures and current incentives on 07 F150 SuperCrew 4WD XLT or better 24/15K MSRP 36700 ZIP CODE 52601
Will they negotiate a buyout value?
Thanks Dana
I would like to lease the same vehicle which Berlin city has listed for $28,999.00 which includes the 2500.00 consumer rebate the msrp is $35,670.00 I would want to lease this vehicle for 24 months. Can someone explain the ford early bird lease program to me and figure out what the new lease would cost? I know its easier too just call the dealer but i like to be informed as much as possible before talking too any salepeople thanks! Oh i live in NY if that helps..
I am looking to buy F-150 SuperCrew. I am able to negotiate the following:
Cap cost - Purchase: $25,400 (after $4100 rebate)
(If they give me loan, it would be at 4.9% but I have to give up $1,500 in rebate)
CAP Cost - Lease: $26,900 with rebate.
Zip Code: 75006 (Dallas Texas)
I want to talk Lease Option with them for 3 yr with 45,000 miles. My credit is Excellent.
1: What are the MF and other costs that I should be worried about? They did say that the lease would be calculated at 4.75%. Is that equivalent to MF = 4.75% / 2400 = 0.001979?
2: What is the residual for this car?
3: What other things should I be careful about?
Can you please guide me here?
Also, if there are other pick-up trucks, I rather entertain instead of this, please suggest.
Thanks, vick
I am looking to buy F-150 SuperCrew. I am able to negotiate the following:
Cap cost - Purchase: $25,400 (after $4100 rebate)
(If they give me loan, it would be at 4.9% but I have to give up $1,500 in rebate)
CAP Cost - Lease: $26,900 with rebate.
Zip Code: 75006 (Dallas Texas)
I want to talk Lease Option with them for 3 yr with 45,000 miles. My credit is Excellent.
1: What are the MF and other costs that I should be worried about? They did say that the lease would be calculated at 4.75%. Is that equivalent to MF = 4.75% / 2400 = 0.001979? Does this not seem high?
2: What is the residual for this car?
3: What other things should I be careful about?
Can you please guide me here?
Also, if there are other pick-up trucks, I rather entertain instead of this, please suggest.
------------------------------------Toyota TUNDRA QUESTION -------------------------
2008
4.7L, Double Cab
Bedliner
Tint
Running board
Price quoted after Toyotal rebate: $25,411
MF: 0.00029
Can you please comment on the Toyotal Tundra as well please? I am looking to make sure that the MF and Residual are correct. They have not given me the residual yet.
---------------------------------------------
Thanks, vick
vcopell@yahoo.com
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The most important thing to negotiate on a lease is your vehicle's selling price. You shouldn't have any trouble getting this truck for close to dealer invoice and then have the dealer subtract any available cash incentives from that. You can look up the exact invoice price of your truck by visiting the New Vehicle Pricing section of Edmunds.com.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
If you're looking for suggestions about what large pickup to get, you should also check out the Toyota Tundra (I see that you are already looking at it) and the Chevrolet Silverado / GMC Sierra. These two trucks are probably the best vehicles in this segment right now.
The residual value for a 36 month lease of a 2008 Toyota Tundra Double Cab 4WD with 15,000 miles per year is 56%. The problem is that unlike most banks, including Ford Credit, which allow lessees to residualize all factory installed options, Toyota Financial Services places restrictions upon which options can be residualized making it difficult to calculate vehicles' dollar residual values. It's so difficult that Toyota provides dealers with a list of dollar residual values for the vehicles that they have in stock rather than having them calculate them themsevles using the percentages.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I live in Salt Lake City and recently saw a commercial for leasing an F-150. The offer was for a 4x4 crew cab F-150, 24 month lease, $249/mo. I was not able to see what the milage allowance was or if there was a downpayment.
Could you please comment on this lease, as it seems too good to be true, and what other aspects of the lease I should find out about.
Thank you.
I was also told that the Dodge Ram 1500 4x4 quad cab slt is leasing at a better rate is this true!
Once you have arrived at a selling price that you are happy with, have the dealer calculate your monthly payment using this truck's current 24 month base lease rate of 0.50% and you're in business.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Lease is up in June and will turn in early if the price is right.
I leased an Edge in August and if I hadn't pulled the numbers from VINCENT myself (finally lost access), the dealer would have been 3% under on the residual. I won't be going back there.
Can you post the residuals and money factors for a 2008 F-150 XLT Supercrew 4WD with 12K miles/year. I would appreciate the numbers for 24 and 30 months. Info on the incentives for leases would also be appreciated.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
F-Series sales are falling off of a cliff. It has been the number one selling vehicle in the U.S. practically every month for nearly the past two decades...until May when it was outsold by the Honda Civic, Toyota Camry, and Toyota Corolla! Look up this truck's exact dealer invoice price in the New Vehicle Pricing section of Edmunds.com and pay as close to dealer invoice minus the available cash incentives as possible.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
FX4, sticker price $40,690 - purchase price $34,000 / $2,500 down $343.24 per month / 24 months-- they will also throw in bedliner ($216)
They are telling me the money factor is 1%, Residual is .57, 10,500 miles a year,
For some odd reason they are using $41,385 as the MSRP to figure the residual...has to do with a $695 discount on the sticker for captian's chair???
From looking at the papers it looks like the $2,500 included the first month's payment.
Can you let me know if this is a good deal. I feel there should be a little more of a discount but they insist this is the bottom line.....
Thanks for your help. I am in central NY
I myself will not put anything down on a lease, just the 1st payment at signing.
My wife check check our local dealer, residual is .57, money factor 1%, came our at about 400/month for either the super cab or super crew (better money facor on the crew). I have z-plan access, but the with employee pricing for everyone, they lowered the rebates, which actually hurt me. Seeing we're paying 240/mo for our 2006, we decided to extend the lease for 2 months, and hope the deals are better in August, when they'll need to unload the 2008 for the new design of the 2009's.
2008 F250 Super Duty Crew Cab Lariat trim
MSRP $51285, negotiated price $41477 using employee pricing offer
36 month lease w/18k miles per year
no money down except first month and fees (about $890)
residual of 47% with a finance/lease rate of 4.75 %
Tax rate 6.25%
$795.00/month
Would love some input--just doesnt sound like a deal to me and the residual seems low.
2008 F150 SuperCrew 4WD XLT with 5.4 and Shortbed
Invoice: $31K
What is the money factor this month and the residual on these trucks? What can I expect to pay at a very good deal?
I live in Milwaukee, WI 53227 and the sales tax is 5.6%. I'd like to walk out with just paying tax, title, registration, and 1st month payment. Please help!
Thanks!
The residual value is $15,720 and Ford Leasing and dealer are not willing to negotiate that number, even though they will whole sell it out at a much lower cost.
Any guidance
If I was in the market for this truck right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the $3,250 cash incentive that Ford is providing on leases of this truck in your region right now.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Also considering a F150 for 38k with a lease price if anyone can give me an idea of what it would be .... Thank you!
I am a business customer who is trying to get the best lease possible on a new Ford F-150. I have several questions but will start with the offer I am considering today:
2008 F-150 4X4 XLT CREW
MSRP 39160
Invoice 35596
Track Lease - 42 months - 7.62% - Residual 35% -
Payment - $560.58 + tax
Drive Off of First Payment License and Tire Fee ~1050
Cap Cost - 28344.55
Cap Cost figured with a 5800 rebate and ford a plan pricing of 34144
Questions:
1)My company has used red carpet business leases and track leases in the last 12 months. Apparently they don't care which direction as long as we get the necessary miles to not get killed on the back end. I drive ~30k per year. With today's programs is their a definitive advantage to redcarpet vs. track?
2)I am trying to get the same dealer to quote me this vehicle on a red carpet business lease to see how the terms change. Can you give me the current red carpet business rebates and money factors for the f-150 for 2008 and 2009 models.
Thanks in advance for any and all help
Wow, you drive 30,000 miles per year :surprise: . That's a lot of driving. I believe that the highest mileage allowance that Ford Credit offers is 19,500 miles per year. If you need to drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
This may be a moot point though, because I don't believe that Ford Credit is offering Red Carped leases on any '08 models other than the Edge at this point. Most banks pull the plug on lease support for leftover models late in the model year because the residual values are so low at that point that providing enough support to arrive at a reasonable payment is very expensive.
Ford Credit is leasing the 2009 F-150, but as you know it has been redesigned and it is a completely different truck than the 2008 model. Ford Credit's current base lease rate and residual value for a 39 month lease of a 2009 F-150 SuperCrew 4WD with 19,500 miles per year are 3.5% and an unattractive 36%, respectively.
As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. You can convert its lease rates into approximate money factor equivalents by dividing them by 2400.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Three moths later I turned in an Explorer. I had it detailed and it was perfect. I owed for extra miles but, the dealer charged me for the mileage and $800 in body damage. I told them I would pay for the milage but not the fictitious damages. They said I would pay them all of it or they would turn in the full amount to Ford and if I did not pay them the full amount that FMCC would ruin my credit...they did.
Now I was feeling like I was being a target of extortion.
Just a few months later I turned in my F150 super crew...great truck. This time I was so angry I did not speak to anyone at the dealer and just dorpped it off. A week went by and my old salesman...the guy whom I had bought or leased 13 vehicles in 10 years from...called to ask the combo to get in the truck for the keys. I thought they kept that in a file. I was wrong. I told him to contact me with the final info. He or no one at the dealership ever did contact me. But a $17600.00 now the by out for the lease was $17500.00. I called them and ask how I could owe more than the pay off amount. They said they would send me copies of the dealer documents.
When I looked at them I realized someone had changed the terms of my lease and falsly signed my initials in two different locations...actually it was two different sets of initials and not even close to mine. This change the amount of lease mile I paid for up front. I also found that the dealer had charged me for a bad engine ( it was not, I would as an engine mechanic in a dealership and have substaintial engine experience) and $4600 in body damage for scratches in the bed an whatever. I was a lie....I have pictures of when I turned it in.
FMCC said if I did not pay the full amount they would attach my credit file. I told them of the altered lease and sent them a copy of my original. They took off $3500 of the charges but, not for their previous amount of $17600 but instead the took it off an aount of the dealer "turn in sheet" of $18150.00, an amount they previously did not approve. I told them it did not have the engine and body damges I was charged for. They provided me their documents that supported my claim of false damage claims but, said I had to pay them whatever they said of they would ruin my credit....they did
This has gone on for 6 years and they continue to stall. I have since found other cheated by this dealer. Do you have any ideas how to correct this or have you had simmilar problems? Please respond to me here
in the subject window
Thanks for your help
This dealer is a credit union who keeps the nice vehicles that get returned from a lease. In some cases the vehicles have been leased twice...
My question is, what should I offer them for it? Here is my rationale.
1. the truck has likely been paid for once by the guy who was "fleased" by the lease
2. These vehicles will eventually be sold at auction if the credit union does not sell them
3. These trucks have been depreciated... this one by 5 years...
So, what should I offer? What would a truck like this fetch at an auction in Michigan? Do I have any leverage with the bank if I ask them to look at the books and see just what they need to get for it to pay off the residual value?
I am looking for some help. I need a truck, dont want to buy new, but want some negotiating power wiht the bank who owns it..
Please reply especially those with this kind of experieince either negotitating to buy or on the banking side of the sales business..
As far as the three points you brought up? None of that matters. Just like any other car dealer, the credit union has an asset for sale. The only thing that matters is what that vehicle is worth on the open market. Where that truck came from, it's leasing history, or anything else won't change what it's worth.
Now.. your credit union may not be all that savvy of a car dealer, but if they are doing leases, then chances are... they know what they are doing. They may take less than a comparable used car lot, but they certainly aren't going to sell you the car for the same that they would get wholesaling it at auction.
So... determine what the market is for that truck, decide on a price you'd be happy to pay, and go offer them a thousand less... and see what happens.
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Of course ANYONE who leased 13 Ford vehicles in 10 years should have figured that out after about the 3rd or 4th time of getting "cheated." Or maybe you treat your leased vehicles like you own them. Unfortunately, you do not. Lesson learned.
I strongly disagree with you. There are many advantages to leasing. I leased a 2007 Ford Edge SEL Plus, MSRP $33K for $349 a month/ 36 months with ZERO down. I saved over $6,000 in car payments by leasing it instead of buying it. Do you honestly think I would be $6K ahead if I would've bought it and traded it in after 36 months? No chance. This is my 5th lease and I never have had a bad experience. I save at least $150 a month leasing and that really adds up. It allows me to drive cars that would normally be way out of my price range. You just have to do your homework and not be a victim of shady dealers.
Thanx. BTW, what is the price range of the lease? I just need the bare essentials.
Ok, let me just get to the point. I was unemployed for 6 months and when I got a job here, I was only able to get pretty much minimum wage with the economy. I was however able to keep up with payments. It was eating about 70% of my disposable income between gas and insurance though. I loved the truck and called the 800 number several times to explain all of this and would it be possible to opt out of the lease, and get financing to buy the truck. The 800 # told me should not be a problem as my credit with them was in great favor. Just had to go to the dealership and work it out. 3 dealerships and pretty much got the run around. The dealerships also refused to honor my lease contract.
Out of frustration and after calling the 800# again, I turned the truck in 12 months early being told and understanding I would owe the remaining 12 months lease and an early termination fee of about $1000.00 I was ok with this. The dealership I returned it to refused it because of a defective odometer (by the way I had not driven the truck for about a year, so this is not an excessive mileage issue) I figured it may be a fuse, but was threatened by the service manager that my lease contract warranty would not cover this. It was my understanding that my no questions warranty was bumper to bumper and included tires at no cost to me. The service manager said it could cost as much as $4000.00 to fix odometer.
Needless to say I am very disgusted at this point, the dealership did not even notify Ford for 3 weeks that the vehicle was turned in at their dealership. Turns out the odometer was their mistake, faulty something. 6 months went by till Ford sent me a bill for more than $15,000.00. I do not understand any of it, including a reposession fee, even though I voluntarily turned it in. It was in imaculate condition with low miles and about 3 years old, worth high $20k- low $30k, they however dumped it at auction for $15,000-
I go to court for jury trial next month, please help. I can't afford a judgement for the full amount. All I wanted from all this is a fair judgement amount and after the economy situation and Federal Bailout for the automotive groups, what gives Ford the right to attack me and my credit? I live paycheck to paycheck right now, but would be willing to settle for about $4K-6K, which is more then fair with the crummy service and atitutude I received at the dealerships.
Any help and advice would greatly be appreciated. Thanks !!
Eric
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks