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Thanks bud!!! Once again, you came through with lease rates information. I really appreciate your help! It turned out that Ford was leasing in South Florida but rates were a joke. So, I ended up buying the car. Also, FMC's finance rates are terrible. so the $1,000 rebate from them is useless. Thanks again sir. You're d-man!!! ;)
Hi Jon, Are the numbers you posted yours? Or are they a dealer quote? Also, they seem to be mixed between lease and buy. If the numbers are from a dealer, they look a bit high. Here are the numbers you need to post to make sure everything adds up: ON A LEASE MSRP Negotiated Price Money Factor (Interest Rate) Term (How many months) Residual ON A PURCHASE MSRP Negotiated Price Interest Rate Term (How many months) Down Payment (if any) I was on the same boat you are. And, after doing numbers up and down it turned out that leasing was not an option. If you see my post asking Car_Man for lease rates, you'll see he answered that Ford may not be leasing in my area. When I went to get my car, I found out that Ford is leasing (and others are too) but the lease rates are terrible. So, in my case, it made a lot more sense to buy. By the way, there is another post (a few posts up) from someone talking about financing for 72 months. That might be a good option. That extra year and the $1,750 out of pocket you were planning to pay on a lease might be enought to get you to your calculated lease payment. Here are a few other things to consider: - If you get the 0% financing, Ford Motor Credit will require you to carry gap insurance. When everything is said and done, this is not a good option. You are better off taking the $3,000 rebate. - Ford Motor Credit is offering a $1,000 rebate. It's useless. FMC's finance rates are terrible. If you have good credit, you are better off financing through a bank or credit union at around 5% for 72 months. - Dealers are DESPERATE. You should not pay (before any rebates) a penny more than invoice. Many dealers are even willing to sell cars for holdback (an additional profit built into invoice price) just to move cars. Click here for the 2009 Flex dealer price list. It will help you add the base cost and options on the car you want. That way you will know if there is more room for negotiating. Good luck!
Thanks Car_Man!!! You're the best! :)
Hi Car_Man, I'm in South Florida (Fort Lauderdale). Could you please get me the April lease rates for a 2009 Flex Limited FWD? Also, I see you've posted 15K miles in your replies. Do you know if Ford offers the 2 point increase in residual for 12K miles and 4 point for 10K miles? I'm looking to lease for 36 months. Thanks in advance for your help! :D Baxterdown.
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