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Re: Is this a good deal? [griz7674]
by wlbrown9 on Wed Jun 20 13:52:02 PDT 2007
Not enough info to give you an answer...wondering more about if you can economically justify dumping the F150 for an Enclave. IF you drive 25,000 miles a year and get 12 MPG in the F150 and could maybe get 21 MPG by shifting to an Enclave, that could save you maybe 70 gallons a month. At $3/gallon, you would be saving $210 a month is gas. You then mention 12,000 miles a year, so if I adjust the calculations to about half that mileage, you would only save $100 or so a month in gas. If you are only going to be saving $100/month is gas, does it really make sense to trade? One kicker of course is that you will have to roll $4,879 of negative equity into a 36 month lease or about $130 to $140 a month right there. So, will you be any better off doing that vs keeping the F150 for a couple of years until it is paid off or you are at least even and not upside down? Beware leasing for low mile allowance then having a large mileage penalty at the end. Wondering about that since you quoted both 25K & 12K miles. I can't comment on the lease deal you were offered...I have not leased and have not sat down and gone through the process to see how it works. Sorry on that point. Just one thought, some folks like the Ford Freestyle...I have seen them advertised for the low $20K range lately, some have said $25K for a loaded Limited. 7 passenger as well, maybe not on the level of the Enclave but if your decision is really economic, it might be worth a look. Good day, Bill

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