Here's a new Fully Charged episode about Gridserve's Forecourt.
Agreed. I posted that elsewhere. You can almost hear Robert Llewellyn drool as he gushes over everything the place has to offer ?
| MSRP | 58,700.00 |
| Rapid Red Option | - |
| X-Plan Pricing with incentives | 55,309.00 |
| Destination and Delivery | 1,100.00 |
| Cost of car | 56,409.00 |
| CA Sales Tax at 9.5% | 5,254.36 |
| Doc Fees | 55.00 |
| Final price | 61,718.36 |
| 48-mo Lease | |
| Price after 48 mo @38 percent @ 7500 miles | 21,435.42 |
| Money Down/Trade-in | 8,000.00 |
| Amount financed | 32,282.94 |
| 4 years at 2.2% (Approx: this is simple interest) | 2,840.90 |
| Total payments | 35,123.83 |
| Monthly | 731.75 |
A couple of things to keep in mind:
Not seeing this on Ford's web site. Can you point us to a copy of a lease agreement where this is spelled out?
You would get a mileage refund only if you purchased extra miles upfront at inception and did not use them.
Right. This seems much more inline with industry standards. I typically get 10k miles/year and barely use more than 8k of that a year. But never been compensated for that. Maybe I should start getting 7500 and buying overage
Unfortunately that plan would not work. You can only purchase extra mileage on top of the 19,500 mileage a year option (and only at inception).
I guess I’ve never considered someone would lease a car and drive is almost 20k/year. Would think the residuals would make it as expensive or more than purchase.Unfortunately that plan would not work. You can only purchase extra mileage on top of the 19,500 mileage a year option (and only at inception).
when I first reserved my FE through Galpin my best friend who is in management told me that. It was always that way. FYI. He said it is standard but that most people go over miles or if under they just add it as a down payment on the new car. Same thing for Ford warranty. If you have extra money on it then it also goes towards the new car down payment. I have seen that myself way too many times. I have never leased so I am just going by what he told me.
As automakers push prices of vehicles higher faster than wage growth they need to do this to continue to move metal. It is unfortunate, but the vast majority of Americans have been duped into thinking that living with debt is normal, and only look at the monthly payments.
I’d refer to @hybrid2bev post above. I just turned in a lease that was exactly the scenario you described. I had a lease for 10kmiles/year and turned it in after 3 years with 22.5k miles. No refund.
