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  • avatar goblue1279 06/26/08 3:09 pm PST

    ok first of all that last response is not even close to reality. now on to the lease. I work for a Ford dealer and Ford Motor Credit doesn't do anything shady or underhanded on leases. Its pretty Simple

    You can lease a new ford for 24,36 or 39 months
    You can drive for either 10,500, 12,000, 15,000, 19,500 miles a year
    Excess milage costs you .15 per mile for vehicles that MSRP under $30,000 and .20 per Mile for over $30,000

    now if you drive more than 19,500 miles a year you can buy extra miles upfront for .05 per mile less than the prices above.

    Look at it this way If your payment is the same on a lease and a purchase and you drive the vehicle for 3 yrs when you go to the dealer to get a new car on a lease you start fresh and even if you drive 10,000 miles over thats only $1500 if you purchased the vehicle how upside down do you think you will be on a 5-6yr contract? My guess would be $4000-$7000!

    Now to answer your question on a 39month 15k per yr lease you get 48,750 miles!

Answers

  • tony78 06/01/08 8:15 pm PST

    Im not an expert at leases,but it looks like it would. Personally i would never lease a car,unless i had a boatload of disceretionary income to give away,then i would'nt care about a few extra miles. Look at it this way,, Heres an ad for a 2008 honda civic lx 4dr automatic that includes lo-jack,,it says lease for ONLY ( just one of a dealers favorite words ) $ 99 per month,,plus tax (in small letters) or $ 16,985,,and in even smaller letters ( 1 at this net cost ),,,there always seems to be only 1 avail.,,and when you get there they tell you that it just got sold,,back to the ad,,it says,,36 month closed end lease on approved credit ( closed end lease is the key phrase ),,and this is where you need to get out your magnifying glass,,$ 3,995 customer cash or trade equity to start,,my gosh,,you must have pretty lousy credit if you have to put down 25% of the selling price ! plus tax and license,,lessee responsible for mileage over 12,000 per year at $ 0.15 per excess mile.
    Lets look at the numbers here $ 4000.00 down,,$ 3600.00 =$7600.00 + tax $540.00=$8140+lojack$450.00=$8590.00+li
    c $450.00$9040.00+dealer service only=$1200.00,,grand total $ say around 10,000 to rent a car for three years,,then the throw it on the used lot for about 13,000,,ooh thats a sweet $5000,00 bonus.


    So since they are already getting the better part of the deal,,theres no reason you should put the iceing on the cake.

  • goblue1279 06/26/08 3:09 pm PST

    ok first of all that last response is not even close to reality. now on to the lease. I work for a Ford dealer and Ford Motor Credit doesn't do anything shady or underhanded on leases. Its pretty Simple

    You can lease a new ford for 24,36 or 39 months
    You can drive for either 10,500, 12,000, 15,000, 19,500 miles a year
    Excess milage costs you .15 per mile for vehicles that MSRP under $30,000 and .20 per Mile for over $30,000

    now if you drive more than 19,500 miles a year you can buy extra miles upfront for .05 per mile less than the prices above.

    Look at it this way If your payment is the same on a lease and a purchase and you drive the vehicle for 3 yrs when you go to the dealer to get a new car on a lease you start fresh and even if you drive 10,000 miles over thats only $1500 if you purchased the vehicle how upside down do you think you will be on a 5-6yr contract? My guess would be $4000-$7000!

    Now to answer your question on a 39month 15k per yr lease you get 48,750 miles!

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