Are these good lease terms?

[LittleJerrySeinfeld]

I have been talking with a dealership about this mustang: http://www.inventory.ford.com/deale...rPACode=09212&planType=PRX&lang=en&branding=1

What sort of price and terms should I expect to get from this? The car is $30,487 with x-plan pricing and $500 off for Dream Big savings.

Im looking to lease for 3 years with little to no money down and my credit is 730.

I got the price down to $29,534 and 6.9% financing (seemed high to me).

Thanks for all the help guys!

Sponsored

 

[Mustang Convert]

The standard lease rate is 2.75% right now. With your credit score I don't see why you couldn't get that rate.

 

[LittleJerrySeinfeld]

Thanks for the info, does the sale price I have it down to seem ok? Any other info or what the residual value should be around?

I appreciate all the help, Im new to this.

 

[Mustang Convert]

For leasing the EcoBoost Premium 36 months and 10,500 miles per year, the residual is 61% (at least it was as of the 3rd Quarter when I ordered my car). I think there is a lease residual thread on here, but the residuals may have changed slightly for the 4th Quarter.

That price seems fair (you have more options than me and are basically paying the same price) but the lease rate is ridiculous. I would insist on the advertised 2.75% lease rate with your credit. My credit is in the same ballpark (760s) and I was able to get that rate with no problem.

Sponsored