tpm419419 Posted February 27, 2016 Report Share Posted February 27, 2016 I'm interested in leasing a 16 Titanium with 302a package with AWD and all weather mats. I want a 420.00 lease payment including tax for 36-39 months, 10,000 miles a year What up front money down would be fair? I'm hoping under 4K Thanks Quote Link to comment Share on other sites More sharing options...
cjh Posted February 27, 2016 Report Share Posted February 27, 2016 (edited) What's the MSRP of that vehicle? There's aren't any incentives on the 16s at the moment, just so you're aware. But I'm guessing you'd be able to do $420 or less easily if you did $4k down and the vehicle isn't too much more than $40k. Edited February 27, 2016 by cjh Quote Link to comment Share on other sites More sharing options...
tpm419419 Posted February 27, 2016 Author Report Share Posted February 27, 2016 If I rember right it's 43,000 - 43,500. I have a few months before current lease is up Quote Link to comment Share on other sites More sharing options...
cjh Posted February 27, 2016 Report Share Posted February 27, 2016 Yeah, again just based on what I'm paying for my lease, you'll be able to get where you're hoping to. 1 Quote Link to comment Share on other sites More sharing options...
tpm419419 Posted February 27, 2016 Author Report Share Posted February 27, 2016 Sounds good Thanks Quote Link to comment Share on other sites More sharing options...
t0lkman Posted February 28, 2016 Report Share Posted February 28, 2016 The price was 44k and they offered me $480+CAtax with $3k down Quote Link to comment Share on other sites More sharing options...
tpm419419 Posted February 28, 2016 Author Report Share Posted February 28, 2016 Thanks t0lkman Seems a little too high for me but appreciate the info Quote Link to comment Share on other sites More sharing options...
akirby Posted February 28, 2016 Report Share Posted February 28, 2016 Ford build and price gives you a payment calculator where you can plug in different down payments. Quote Link to comment Share on other sites More sharing options...
tpm419419 Posted February 28, 2016 Author Report Share Posted February 28, 2016 Yes, I know aKirby but people can do better Quote Link to comment Share on other sites More sharing options...
akirby Posted February 28, 2016 Report Share Posted February 28, 2016 If you mean lower than MSRP just increase the down payment to include the discount off MSRP. Or price a lower MSRP vehicle that matches your expected discounted price. Should be really close. Quote Link to comment Share on other sites More sharing options...
Iaintnice Posted March 8, 2016 Report Share Posted March 8, 2016 The calculator ford is somewhat of a help but I can assure you that your price can be cheaper than what the calculator says. Quote Link to comment Share on other sites More sharing options...
tpm419419 Posted March 8, 2016 Author Report Share Posted March 8, 2016 Yes, I totally agree Quote Link to comment Share on other sites More sharing options...
cjh Posted March 8, 2016 Report Share Posted March 8, 2016 Yeah, I use the online payment estimator as a guide, but my payment is $40 less per month than what it indicated. 1 Quote Link to comment Share on other sites More sharing options...
tpm419419 Posted March 8, 2016 Author Report Share Posted March 8, 2016 Based on the same down payment? Quote Link to comment Share on other sites More sharing options...
cjh Posted March 9, 2016 Report Share Posted March 9, 2016 Yes. Quote Link to comment Share on other sites More sharing options...
Iaintnice Posted March 9, 2016 Report Share Posted March 9, 2016 Hey Tom, FYI if you have excellent credit and are giving a down payment of $4K you can get it for under $400 monthly Quote Link to comment Share on other sites More sharing options...
27Sport Posted March 15, 2016 Report Share Posted March 15, 2016 It's not the best to shop a payment. It's way too easy for a dealer to get you to that payment with that much down. In Mich that payment is easily possible with $0 down. Quote Link to comment Share on other sites More sharing options...
mjonis Posted March 15, 2016 Report Share Posted March 15, 2016 dumb question, but if leasing, why would you put any money down (trade-in/etc)? Other than what you have to (tax/title/etc)? Only asking as I was under the impression if you were leasing (vs. lease to own or purchasing), since you have to turn the car in at the end of 3 years (or whatever your lease is), you've "lost" whatever you paid down on it (it's not like you own it or anything). Kinda like putting a down payment on an apartment to rent it or something? Quote Link to comment Share on other sites More sharing options...
tpm419419 Posted March 15, 2016 Author Report Share Posted March 15, 2016 Really? In NY they don't have any incentives yet. Maybe 500.00. That would be great however. Also no one seems to have that setup without the optional V6 and optional wheels. I spec'd a Sport with the 401a package I believe and pricing on the Ford website is about the same Both with cold weather package and AWD Waiting to see Aprils incentives and possibly Mays. My car is due back in June and they are not offering pull ahead leasing yet. Usually they forgive last 3 payments Thanks Quote Link to comment Share on other sites More sharing options...
tpm419419 Posted March 15, 2016 Author Report Share Posted March 15, 2016 dumb question, but if leasing, why would you put any money down (trade-in/etc)? Other than what you have to (tax/title/etc)? Only asking as I was under the impression if you were leasing (vs. lease to own or purchasing), since you have to turn the car in at the end of 3 years (or whatever your lease is), you've "lost" whatever you paid down on it (it's not like you own it or anything). Kinda like putting a down payment on an apartment to rent it or something? More money down to get payment down Quote Link to comment Share on other sites More sharing options...
akirby Posted March 15, 2016 Report Share Posted March 15, 2016 dumb question, but if leasing, why would you put any money down (trade-in/etc)? Other than what you have to (tax/title/etc)? Only asking as I was under the impression if you were leasing (vs. lease to own or purchasing), since you have to turn the car in at the end of 3 years (or whatever your lease is), you've "lost" whatever you paid down on it (it's not like you own it or anything). Kinda like putting a down payment on an apartment to rent it or something? That's not how it works. The more you put down the less your payments. You pay for the difference between the purchase price and the residual value (value at the end of the lease). You pay the same total amount regardless of how you split it between payments and down payment. The only difference is if you total the vehicle before the end of the lease and you made a big downpayment you may not get it back. Quote Link to comment Share on other sites More sharing options...
tpm419419 Posted March 15, 2016 Author Report Share Posted March 15, 2016 You're saying the more you put down, the less your payments. I agree. I also have good insurance to cover me for replacement coverage. Am I missing something? Quote Link to comment Share on other sites More sharing options...
akirby Posted March 16, 2016 Report Share Posted March 16, 2016 Who do you think the insurance company reimburses for the vehicle? Ford owns the vehicle, not you. Now IF the insurance company pays Ford replacement value and they give you the difference you're probably ok, but you need to research that up front with Ford and the insurance company to be safe. Or just keep the down payment low and you don't have much to worry about. Quote Link to comment Share on other sites More sharing options...
tpm419419 Posted March 16, 2016 Author Report Share Posted March 16, 2016 Wouldn't that be GAP insurance? Mandatory in some states, NY being one of them Quote Link to comment Share on other sites More sharing options...
akirby Posted March 16, 2016 Report Share Posted March 16, 2016 It's the opposite of gap. Let's say you buy the vehicle with $8K down and finance $30K. You total it. Insurance writes you a check for $38K (replacement value). You pay off the $30K and you get your $8K back. If you lease the same vehicle with the same $8K down your payments will be low. But now if you total it, insurance sends Ford a check for $38K because Ford is the registered owner. Ford pays off your lease and keeps the balance. You're out $8K. Now this may vary by state and Ford may have a clause that refunds you the difference but it's up to the leasing company whether they want to do that or not. I'm just giving you a possible scenario where you could lose your big lease down payment. Quote Link to comment Share on other sites More sharing options...
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