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For those interested... kitmax provides the following information... 24 month lease on 2011 sho (12K mi/yr) based upon following: Cook County IL excellent credit score 0 down; 1st payment and tax upfront $44535 msrp $41326 Xplan was quoted: 1.75 mf 60%residual 1. does $719/mo & 4219 (taxes & 1st payment) seem right? 2. is Xplan good price for this model/year (possible to negotiate lower)? 3. are there any Ford incentives that dealer has available (but may not have offered) ============================================================ Ford's lease rate is, indeed, 1.75%. It's an interest rate and not a money factor. IF the residual and payment are correct and the $41,326 Xplan price is the "sell price", then the adjusted captialized cost is $42,772.69 suggesting that $1,446.69 has been capitalized (financed) in the lease. Because kitmax is paying $4,219 [1st payment + IL Sales Tax (no cap reduction indicated)] at lease signing, the $1,446.69 must consist of the following... FMC Acquisition Fee........................ 595.00 Doc fee/DMV Fees/Other Fees........ 851.69 TOTAL.......................................... 1,446.69 The bolded fees are of some concern (they're not itemized). And so, the best way to eliminate confusion and misunderstanding is to ask the dealer to provide their lease worksheet. If they don't provide it, you're not in control of the deal or not being forceful enough. There is absolutely no reason for any dealer not to provide this document. Also, the bet here is that this vehicle can be acquired for a few hundred dollars less than the indicated Xplan price of $41,326. And, as far as I know, there are no leasing incentives for the SHO at this time. John
looking for best 24 month lease on 2011 sho (12K mi/yr) based upon following: Cook County IL excellent credit score 0 down; 1st payment and tax upfront $44535 msrp $41326 Xplan was quoted: 1.75 mf 60%residual 1. does $719/mo & 4219 (taxes & 1st payment) seem right? 2. is Xplan good price for this model/year (possible to negotiate lower)? 3. are there any Ford incentives that dealer has available (but may not have offered) Thanks.
I was wondering if you could provide me with the numbers for a 2010 Ford Escape Limited V6 with the 302A Rapid Spec Package for 24mo & 36mo for a 10,500 and 12,000 mile leases. I live in Chicago, IL (suburbs). I'm specifically interested in the lease interest rate (or money factor) and the percentage for the Residual Value of the car (if you know the $ amt, that would be great too). I am planning on buying late july, early august 2010. Thanks so much!
Maybe egg to a carton would be a better analogy. :D
I just got a 2010 EL from Bredemann Ford in Glenview, IL for "Dealer Invoice". I had to order it because all the other Expeditions in the area were either to loaded or the wrong color. It took 2 1/2 months to get the vehicle but well worth it.
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