ctmonline
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just found this online: 2020 Ford Mustang Shelby GT500 Fastback Lease $1049 Mo
Tomster
Beware of idiots
That is a very rare thing to see.
IMHO that is a bad deal. You are spending about 50K to use the car for 42 months and have nothing at the end of the term.
IMHO that is a bad deal. You are spending about 50K to use the car for 42 months and have nothing at the end of the term.
Snoopy49
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You would think that they would use the correct picture.
They show a CFTP car and are listing a Base car.
So much for truth in advertising.
They show a CFTP car and are listing a Base car.
So much for truth in advertising.
wingnutt
Well-Known Member
i dunno...residual vs. value could work out in your favor if they hold anywhere near what the 350R did at 3.5 years
EDIT...they are calling residual at 44k, no WAY will the 500 be worth that little by then!
BeastAR
Well-Known Member
Totally agree... $53,896 plus other fees with less than 4 years to use the car. Says in the fine print, your paying 60% of the MSRP plus fees. Might as well buy the car and atleast you have an investment. It a roll of the dice what the value will be in 4 years, all depending on market (look at the hellcat market, flooded...) But just say $58k after all fees, to show you have car and then give it back with nothing... Other than using it for a business and tax write off, I don't see any gain.
Now, might be worth watching for cars like this in 4 years... Could find a decent mileage car for a good price
MaskedRacerX
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That's a really terrible lease deal, don't get me wrong, I'm not anti-lease, in fact, we almost always lease the "family ride", as we tend to trade every 3 years (keep it new and in warranty).
60% is pretty good for a "regular" car, not sure how special, limited availability products are typically calculated, I'd think anything Shelby would be more like 65%.
But, JFC, a 7400 cap reduction, on a $74K car with a $1050 pre-tax monthly at 42 months/10K miles a year? That looks like ~9% APR[?]
Never pay anything down on a lease (cap reduction), and keep in mind (there's some state specific considerations), there's taxes on that payment as well. So in my area, that's ~$1117.xx/month.
60% is pretty good for a "regular" car, not sure how special, limited availability products are typically calculated, I'd think anything Shelby would be more like 65%.
But, JFC, a 7400 cap reduction, on a $74K car with a $1050 pre-tax monthly at 42 months/10K miles a year? That looks like ~9% APR[?]
Never pay anything down on a lease (cap reduction), and keep in mind (there's some state specific considerations), there's taxes on that payment as well. So in my area, that's ~$1117.xx/month.
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