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RICKYRICKY CaliforniaPosts: 2
edited January 10 in Ford
LOOKING TO GET A VEHICLE THIS WEEKEND 01/13/2019 AND LOOKING AT 2019 FORD FUSION SE WITH MSRP OF 23015.00 IM A FIRST TIME BUYER WITH A CREDIT SCORE OF 754 AVERAGE. WONDERING WHAT THE LEASE PROGRAMS ARE LIKE FOR 3YRS AT 15K MILES A YEAR. ANY HELP WOULD BE GREATLY APPRECIATED, THANK YOU.
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  • kyfdxkyfdx Posts: 120,478
    RICKY said:

    LOOKING TO GET A VEHICLE THIS WEEKEND 01/13/2019 AND LOOKING AT 2019 FORD FUSION SE WITH MSRP OF 23015.00 IM A FIRST TIME BUYER WITH A CREDIT SCORE OF 754 AVERAGE. WONDERING WHAT THE LEASE PROGRAMS ARE LIKE FOR 3YRS AT 15K MILES A YEAR. ANY HELP WOULD BE GREATLY APPRECIATED, THANK YOU.

    36/15
    0.75% APR
    43% residual
    $2250 lease cash

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  • RICKYRICKY CaliforniaPosts: 2
    YES I BELIEVE SO, SO DOES THAT MEAN IF THERE IS A 43% RESIDUAL DOES THAT MEAN MY PAYMENT WILL BE BASED ON 57% OF THE MSRP PRICE FOR 36 MONTHS ?
  • MichaellMichaell ColoradoPosts: 111,096
    RICKY said:

    YES I BELIEVE SO, SO DOES THAT MEAN IF THERE IS A 43% RESIDUAL DOES THAT MEAN MY PAYMENT WILL BE BASED ON 57% OF THE MSRP PRICE FOR 36 MONTHS ?

    The depreciation is based on the difference between 43% of MSRP and the price you negotiate, divided by the lease term.

    Then you have to factor in the rent charge (similar to interest on a loan)

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    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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