lease pricing?
Thread Starter
Joined: Jun 2008
Posts: 20
lease pricing?
My brother is in need of a new car sooner rather than later. It would stink to buy a GT now though since there will be a new one in 1.5 years (he has the ability to buy one cash though). Since they can be had with the options he wants for $23k, what would be a fair lease price?
3rd Gear Member
Joined: Nov 2007
Posts: 820
From: TX
RE: lease pricing?
I know you probably don't want to hear this, but leasing would be a horrible option for a mustang. Disregarding the whole lease vs. own debate, one of the great joys of having a mustang would be *modifying* (modding) it to one's personal tastes. With a lease, one would NOT be able to mod the car at all and still be within the terms of the lease.
Thread Starter
Joined: Jun 2008
Posts: 20
RE: lease pricing?
The lease would be because he is in need of a new car, there isn't too much he likes in the $30k-actual-price range. The new Mustang will be out shortly, so a 3 year lease of a GT now and then a purchase of the new GT when that comes out would do him nicely.
6th Gear Member
Joined: Dec 2004
Posts: 15,865
From: Ludlow, Mass
RE: lease pricing?
so tell him buy one now, pay it off quickly and use it as a trade in, leasing a car is THE WORST possible way to have a vehicle, you make all these payments for 3 years and end up with NOTHING in the end
2nd Gear Member
Joined: Oct 2006
Posts: 314
From: CA
RE: lease pricing?
ORIGINAL: JohnnyMoss
a lot of variables to a lease...probably around 375 a month, with little to zero down, with good credit that is
a lot of variables to a lease...probably around 375 a month, with little to zero down, with good credit that is
mustangman02232
Date 6/16/2008 10:51:29 AM
so tell him buy one now, pay it off quickly and use it as a trade in, leasing a car is THE WORST possible way to have a vehicle, you make all these payments for 3 years and end up with NOTHING in the end
Thread Starter
Joined: Jun 2008
Posts: 20
RE: lease pricing?
He wouldn't need to make payments on it, so no pay it off quickly problem. I didn't realize those were the prices they were offering for leasing. For a car you can pick up for $23k after artful haggling, those are pretty bad lease prices.
As it turns out, he ended up in one of our old BMWs, which will hold him over until the new Mustang comes out (and hopefully it won't lose the feel of the current one, which in my opinion is the first one to feel how it should in manyMustang generations).
As it turns out, he ended up in one of our old BMWs, which will hold him over until the new Mustang comes out (and hopefully it won't lose the feel of the current one, which in my opinion is the first one to feel how it should in manyMustang generations).
2nd Gear Member
Joined: Dec 2007
Posts: 322
From: Discovery Bay, CA
RE: lease pricing?
My 08 GT premium convertible stickered at $37,395
X-Plan price was $34,529
With Ford and Ford Motor Credit rebates, and $3000 totaldrive-off my 24 monthlease is $314 per month
With a $0 drive-off it would have been $439 a month
By the way, lease=no irreversible mods! I've done some mods. If I decide to turn the car back in I can always take them off and resell them on eBay. Leasing can be a good deal if you know exactly what you are getting yourself into. It all depends upon what you want.
Martin
X-Plan price was $34,529
With Ford and Ford Motor Credit rebates, and $3000 totaldrive-off my 24 monthlease is $314 per month
With a $0 drive-off it would have been $439 a month
By the way, lease=no irreversible mods! I've done some mods. If I decide to turn the car back in I can always take them off and resell them on eBay. Leasing can be a good deal if you know exactly what you are getting yourself into. It all depends upon what you want.
Martin
Thread
Thread Starter
Forum
Replies
Last Post