snowy_edge Posted November 28, 2007 Report Share Posted November 28, 2007 Hello guys, I have decided to go with 2008 limited as lease terms favor 08. Can you guys help me in this as this is my 1st lease & hope it can help many new buyers. Here are the details of lease term 2008 limited with :- Panoramic Vista Roof Power Liftgate Sirius Satellite Radio Rear Cargo Management System TOTAL MSRP $33,225.00 ........I have not negotiated the price yet. Edmunds Invoice is $31000 on this. They will take $1000 off beacuse of ford lease offer prog. Ford Credit charges a $595 acquisition fee on every vehicle that it leases *36 months ..................15K miles / year *50% Residual Value ( Can I negotiate here ? ) *2% lease rate aka money factor M...Payment $489.18 I am missing something & how can we get it better ? Thanks guys again. Quote Link to comment Share on other sites More sharing options...
akirby Posted November 28, 2007 Report Share Posted November 28, 2007 You can't calculate a monthly payment without knowing the acquisition cost. Without X plan you're probably getting $500 over invoice. No, you can't negotiate the residual. This is what they think the vehicle will be worth after the lease. You can do better by lowering the acquisition cost of the vehicle itself, or by getting a cheaper model or by lowering the annual mileage allotment (but if you go over it gets expensive). If this is a Ford lease then you probably can't negotiate anything other than the purchase price. Quote Link to comment Share on other sites More sharing options...
snowy_edge Posted November 28, 2007 Author Report Share Posted November 28, 2007 You can't calculate a monthly payment without knowing the acquisition cost. Without X plan you're probably getting $500 over invoice. No, you can't negotiate the residual. This is what they think the vehicle will be worth after the lease. You can do better by lowering the acquisition cost of the vehicle itself, or by getting a cheaper model or by lowering the annual mileage allotment (but if you go over it gets expensive). If this is a Ford lease then you probably can't negotiate anything other than the purchase price. Thanks for the info. Yes, its a ford lease. I will negotiate the price as edmunds is saying invoice is :- $31105.00 I will offer in that range. I calculated from edmunds basic lease calulator & monthly payment came out in $350+ range. edmunds basic lease calulator is really helpful. Thanks again. Quote Link to comment Share on other sites More sharing options...
snowy_edge Posted November 29, 2007 Author Report Share Posted November 29, 2007 (edited) More info for you guys If you are leasing you can get $1500 in ford incentives. I am trying to get X-plan pin & will post my deal numbers here. Thanks ! Edited November 29, 2007 by snowy_edge Quote Link to comment Share on other sites More sharing options...
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