Newbie Leasing Question

nameisntscreen

Sorry for the newbie leasing question, but can someone explain the basics of MF and RV?

Having a hard time grasping these. Especially when it comes to negotiating and when looking at specific vehicles. I know I need extra milage so does that mean I buy the vehicle out at the end and then try a trade back instead of buying the milage upfront?

So confused... Any help is greatly appreciated!

kyfdx

nameisntscreen said:

Sorry for the newbie leasing question, but can someone explain the basics of MF and RV?

Having a hard time grasping these. Especially when it comes to negotiating and when looking at specific vehicles. I know I need extra milage so does that mean I buy the vehicle out at the end and then try a trade back instead of buying the milage upfront?

So confused... Any help is greatly appreciated!

The money factor is substitute for an interest rate, and used in the calculation of the finance portion of the lease payment. The residual is expressed as a percentage of MSRP. It will vary, based on model, trim, term and mileage allowance. The residual amount is the bank's value of the vehicle at lease end.

If you need more than the standard mileage, Ford offers leases with up to 19,500 miles per year. If you need more than that, you should probably re-think leasing.