kingofqueenz

Im looking to lease a mustang GT for 24 months.....i wanted to know what type of monthly payment am i looking at with 0 down......the reason im leasing is because i get sick of cars fast, and i probably wont be modding it much anyways. I also would like to see what the new design for the mustang will be, either a facelift or what not....and if i dont like it then i will do a lease end buyout......i know alot of you will say im retarted to do a lease but in my situation it works for me.......So anyone on here lease?

dcottrell6

I leased mine for 36 months @ 429/month with 3k down with a Ford red carpet lease.

Your payment with 0 down will likely be around 500+.

s2k

Was that a GT^ or a v-6?

kingofqueenz

wow 500 lol?? id rather get a g35 coupe, they have leases going for under 400 a month with 0 down.

kingofqueenz

hey guys, im reconsidering the lease for a 2007 mustang gt again......I heard they are going for alittle cheaper because they are making way for the 2008's and trying to get rid of the 2007's.....Has anyone on here done a 24 month lease with 0 down and taxes and fee's upfront? So far i got one quote for 479 a month, and 2 quotes for 400 a month.....Im hoping to get it for about 350 a month if thats possible? Please post your deals and info, thanks

Live Wire

If a dealership is asking for $500+ for a lease, time to find a new dealership. I am buying '08 for $555/mo. In fact, on Ford's website last night, I built a basic Gt with few options and at the end of it, it offered payment plans... one said lease for $389 or buy for $4-something.

I am a fan of leasing in certain circumstances, but if you're credit is good, look into the 0% financing and sell it when you want to.

thxultra

Eww $500/month for a lease I don't pay that and I bought my GT

hammeron

i didn't lease, sorry i can't help ya

kingofqueenz

anyone else? What does everyone think is a good number to get them down to? im hoping for 350 a month for 24 months?

ratnacage

Assuming a drive out price of $28,000 incl taxes(this represents a pretty good deal on a typically equiped GT), and a residual of 0.6 on 24 mo's and 12k miles/yr, the amount you're basing the payments on is $12,400 (there's a little more to it, but this works for rough figuring). $12,400/24 = $516 (and that does not include interest!).

You need to be careful when evaluating quotes from the various dealers. Some will give you a payment based on 10k miles/yr - most will outright lie and ignore your stipulation that there be no money down, 24 mo's, etc. They will just quote youa low enough payment to get you in then act surprised when you remind them of what you originally requested (I used to sell Fords).

There is no benefit to leasing a Mustang GT especially for 24 mo's. You are much better off going with a purchase at 0%, or if you really think you'll get rid of it after 2 years, take all the rebates and go with a normal bank rate (use calculators online to detrmine which leaves you in a better position after 24 mo's).

The bottom line is $350/mo for a lease or purchase with no money downain't happening. If you're serious, you need to be prepared to pay more like around $400 - $450. If they're offering 0% for 72 mo's, you might be able to get closer to $350 for a cheap, no-option GT.