lease price for SHO

[Art5]

ha-ha to previous post. About lease i want to add is that , yes, you have mileage terms, unless you know somebody who knows somebody who can alter that, so that it will not be a problem for your pocket later, when you go to return it or something brakes and warranty is up by miles. To those, who think it is not good and not only not honest way but also illeagal, they just give more opportunities for dealers to make more money of you and do the same bad process for less of your money.
So, yes it is a possitive thing to return your car back to dealer and not have a headache later(for those who just want a nice commuter).
Another thing is, if you plan on keeping the car after lease, because you like it that much, you could buy it through the same dealer and save like a grand or so, or have some other dealer help ou with negotiating a deal with the manufacture or whoever the lease is from. Oh, by the way nobody said you can't lease a 47000 SHO at a price of 40000. You can bargain the same way, the deal you get depends on how good you can handle a salesman.

 

[beefcake]

ha-ha to previous post. About lease i want to add is that , yes, you have mileage terms, unless you know somebody who knows somebody who can alter that, so that it will not be a problem for your pocket later, when you go to return it or something brakes and warranty is up by miles. To those, who think it is not good and not only not honest way but also illeagal, they just give more opportunities for dealers to make more money of you and do the same bad process for less of your money.
So, yes it is a possitive thing to return your car back to dealer and not have a headache later(for those who just want a nice commuter).
Another thing is, if you plan on keeping the car after lease, because you like it that much, you could buy it through the same dealer and save like a grand or so, or have some other dealer help ou with negotiating a deal with the manufacture or whoever the lease is from. Oh, by the way nobody said you can't lease a 47000 SHO at a price of 40000. You can bargain the same way, the deal you get depends on how good you can handle a salesman.

space are your friend.

he is xplan, negotiating isn't a factor there

i'd comment on more stuff, but i can't absorb that big of a sentence lol

 

[sperold]

Someone is going to have to expain X-Plan.
Everyone can't be right here.
If there is no financial penalty to leasing (Beefcake).... why is leasing only good for a few occasions (Ron).
If it is exactly the same price..... it is good everytime. (As long as the mileage total does not result in a penalty).
When I leased, we never did the buyout because it was higher than the same used car value. But I understand they learned their lesson, and now the arithmetic works.
I am confused.

 

[beefcake]

Someone is going to have to expain X-Plan.
Everyone can't be right here.
If there is no financial penalty to leasing (Beefcake).... why is leasing only good for a few occasions (Ron).
If it is exactly the same price..... it is good everytime. (As long as the mileage total does not result in a penalty).
When I leased, we never did the buyout because it was higher than the same used car value. But I understand they learned their lesson, and now the arithmetic works.
I am confused.

ford has 4 plan buys, they are for employees and immediate family (a), retired employees and immediate family (z) [same price point on both], dealership employess like me (d) $100 more than a or z plan pricing, and friends, family and partners (x) [cousins, nephews, neigbors, etc]

these prices are preprinted on the invoice. x is going to be right around invoice, the other 3 depending on the car can be from 500-2000 below invoice

so, like my sho stickered at $40995, invoice was like $38k, my d plan was 36500 or something like that. so, whether i lease or buy, i do so at my 36,500

even if your a retail customer and you negotiate a 38000 price on the 41k car, you can buy or lease, and then end result is still 38,000

leasing is best when residuals are higher. the average car loan is around 60 months. so say you are paying 20% each year

if a 3 year lease has a 49% residual, then you pay 51% over 3 years and walk away, instead of paying a 5 year loan and potentially having neg equity.

if you plan on keeping the car, no reason to lease. leasing is for someone who wants to be out of the vehicle in 2 to 4 years and not have to worry about negative equity. when you buy on a typical loan, you will always have negative equity. Unless your putting down 20% or better plus tax title license

 

[Art5]

I think that everybody has their own preferences towards owning a new car. When i had my toyota, that I leased, i wanted to get rid of it for sure, because i test drove the **** out of it for 3 years and got sick and tired of a 4 cylinder car that would burn more gas than my 12-year old V6 SHO and barely drive up hills. I did put bigger wheels on it and added subwoofer to it and even painted mirrors(they were factory black), added fog lights, but then I took almost everything off(exept paint) and returned it. They still calculated wear and tear things, so that part sucked and 15cents per mile that was over my limit. Otherwise, I don't have to worry about what to start dealing with when this car gets a little older at the same time when I don't like it that much. Oh, and my payments were about 292bucks per month with nothing down and everything was inlcluded in monthly payments exept registration.

 

[sperold]

So..... I can't get the X-Plan, so I have to lease through some entity that expects to make a profit, so it won't be the same price for me.
End of story.

 

[2010sho]

Beefcake,

Never in all my years have I taken a 5 yr loan on a car. No matter how you dice it, that is a bad deal unless the interest is 3% or less.

My current loan is through FMC , I bought the vehicle for below invoice, pocketed the trade allowance, bought a 7 yr F extd service contract (1st time ever), put down 4K and financed the balance for 3yrs at 0%.

I might continue to have negative equity up intil 6 months, at which point I think it will turn positive equity.

But yes if you need something new every 24-36 months, leasing can make sense

 

[CWare]

Those seem a bit high

Leased mine Sayurday-$1700 down( equity in trade--no outta pocket) -2 years for $520 month

 

[beefcake]

So..... I can't get the X-Plan, so I have to lease through some entity that expects to make a profit, so it won't be the same price for me.
End of story.

come see me, i'll lease ya one at invoice no problem,

Beefcake,

Never in all my years have I taken a 5 yr loan on a car. No matter how you dice it, that is a bad deal unless the interest is 3% or less.

My current loan is through FMC , I bought the vehicle for below invoice, pocketed the trade allowance, bought a 7 yr F extd service contract (1st time ever), put down 4K and financed the balance for 3yrs at 0%.

I might continue to have negative equity up intil 6 months, at which point I think it will turn positive equity.

But yes if you need something new every 24-36 months, leasing can make sense

For those that can afford to do a 36 month loan, thats great, i'm lucky if i do 1 36 month loan out of every 100 i do, it's very rare for most.

with a 3 year loan, you definately build equity quicker, if you can do it, do it

 

[_JR_]

Hey beefcake, i just recently entered the world of sales at a ford store here in Canada (In my first week still). I'm wondering if you guys encounter the same roadblock as us on some vehicles.

We get a lot of people that want to lease because they like to change cars every few years. Now, the monthly payment sometimes is the same for a higher end vehicle from mercedes/audi/bmw. I was told its because those higher end companies have high residual values so they can have low monthly payments. So we get a lot of customers that want (for example) a ford explorer and the monthly payment comes out to 1K a month and they go over to a mercedes GLK instead as its the same price.

I'm wondering if you guys in the U.S. run into stuff like this.

 

[munkee]

So how much do you figure one of these (mildy abused and meticulously cared for) cars are gonna go for off lease when I can afford one?

 

[LotusDriver]

My payment is 1100.00

I financed like 39K with 4K down (The minimum)

I prefer to use their money at 0%instead of mine.

That is interesting. I chose to do the same, but I put $10K down. For 36 months I am at $1100/mo. My cars final price was around $44k. You can't go wrong with 0% finance rate!

 

[RonPorter]

Hey beefcake, i just recently entered the world of sales at a ford store here in Canada (In my first week still). I'm wondering if you guys encounter the same roadblock as us on some vehicles.

We get a lot of people that want to lease because they like to change cars every few years. Now, the monthly payment sometimes is the same for a higher end vehicle from mercedes/audi/bmw. I was told its because those higher end companies have high residual values so they can have low monthly payments. So we get a lot of customers that want (for example) a ford explorer and the monthly payment comes out to 1K a month and they go over to a mercedes GLK instead as its the same price.

I'm wondering if you guys in the U.S. run into stuff like this.

Yep, you got it right.

Oh, maybe 4-5 years ago, Ford readjusted their residuals on the Explorer. WSJ had an article about a guy who had leased Explorers for about 10 years, then was floored by the monthly note on a new one after they readjusted.

Your pricing in Canada is goofy. Aside from that, what you described is accurate. Leasing on US vs German cars is bad due to the residual.

 

[beefcake]

the leases have loosened up alot in the last 2 months though, look much better

 

[bill murray]

Just to chime in here, and I am not proud of my deal by any means, I got the hots and found the car I wanted and I just swallowed the deal.

Paid full price for the car, leased it, $45K.

$2,500 cash down and 39 payments of $754 per month.

Only the second time in 50 years of buying/leasing that I paid sticker price, the other one was my '99 Lightning that was the first one delivered in Georgia.

One would have thought I would have been a bit smarter and waited for a better deal but what the heck, you only live once and this is my last hurrah as far as a performance vehicle is concerned.

Still trying to explain that to my wife Pat.

Bill

 

[ShoTide985]

For a 24 month lease and 0 down...Jeez. Why put yourself through all that?

Unless you've got money out the ying yang...

If that was the case, why settle on a SHO?

 

[RonPorter]

SHO folks on this Forum crack me up....

When the SHO came out, it was pricey, and stayed pricey. Us early buyers were about all old musclecar guys who needed 4 doors. The kiddies with no $$$ came along in the late '90s when they got cheap.

As a comparison, I've been on the LGT Forum for years. A couple of year s ago, it showed that the average age of new LGT buyers was 27. And, after spending $30K+ for the car, they proceeded to immediately put in $1-10K in upgrades.

My long-held opinion is that the bulk of owners here don't mimic the rest of the performance car segment. $40K+ for a new SHO is the same price as a Gen 1-2 SHO, adjusted for inflation.

 

[SHOTom]

My Ford dealer found another rebate for me, so the 36 month price is now at $643. with tax. I think the price is right for the value of the car, plus I know he wants me out of my GM product and into a Ford! Can't wait for it to get here now........:sun:

 

[beefcake]

My Ford dealer found another rebate for me, so the 36 month price is now at $643. with tax. I think the price is right for the value of the car, plus I know he wants me out of my GM product and into a Ford! Can't wait for it to get here now........:sun:

enjoy!

 

[bill murray]

Just goes to show that "Good Things Come to Those Who Wait".

My itch to get er done looks like it cost me about $3,600 bucks to get one in one day in November.

Good thing it's my last one:booboo:

Bill