Leasing Information?

[Mustang Convert]

I'm planning on using X-Plan to get a EcoBoost Premium with a few options added, and am expecting the price to come out to around $31,000. I'd prefer to lease for various reasons, and would really like to get an order in soon, but am hesitant to do so until residuals come out. My dealer said it's going to be several weeks until residual information and interest rates comes out.

Does anyone have any information as to what residuals or interest rates are going to be? I'm probably looking at a 3 year, 10,500 mile per year lease. They also think it will be about eight weeks for delivery if I order now. Does that sound accurate at all?

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[FiveLiterDreamer]

No one nows for sure as of right now about what programs will be on 2015 Mustangs currently V6s are available for lease V8s are not. In my experience new models typically have slim to no rebates initially although you may or may not qualify for additional rebates. New models typically have a residual value a few percentage points higher than the previous model year they also may have a higher money factor as well (you can negate this with an APP lease although that path has its own set of disadvantages). I would look at a similarly equipped 2014 model and watch Fords build and price tool until the rebates are available. I would assume they will be there by the time the first vehicles hit showrooms assuming Ford will lease all variations of the new Mustang.

 

[Stroked84]

I was wondering the same, but I'm not optimistic about the lease prices of the GT's. My uncle, who only ever leases vehicles, was forced to buy his 14 GT CS because the lease prices were so terrible. He said the lease payments for a 36/month lease were higher than his 6 year loan to buy. If that's the case with the 15's there's no reason (for me anyway) to lease. Only time will tell.

 

[FiveLiterDreamer]

The adage I've heard I do not know if it is true or not just what people say. Is that when Ford did lease V8 Mustangs they often would come back in needs of vast amounts of repairs. I've even heard of people putting full cages in the vehicle and modifying the motors only to take all the parts off at lease end and turn them back in beaten to hell. It would be a cost effective way to race, Until you inevitably broke/ crashed the car.

 

[RisingForce]

I was wondering the same, but I'm not optimistic about the lease prices of the GT's. My uncle, who only ever leases vehicles, was forced to buy his 14 GT CS because the lease prices were so terrible. He said the lease payments for a 36/month lease were higher than his 6 year loan to buy. If that's the case with the 15's there's no reason (for me anyway) to lease. Only time will tell.

And that was probably just a high number dealer threw at your uncle, cause Ford does not have ANY lease residuals for 2014 GTs.
My guess would be, there will be NO leases available on GT models. Like 5LtrDrmr mentioned above, Ford has faced many bad experiences with lease Mustang GTs coming back.

 

[Mustang Convert]

No one nows for sure as of right now about what programs will be on 2015 Mustangs currently V6s are available for lease V8s are not. In my experience new models typically have slim to no rebates initially although you may or may not qualify for additional rebates. New models typically have a residual value a few percentage points higher than the previous model year they also may have a higher money factor as well (you can negate this with an APP lease although that path has its own set of disadvantages). I would look at a similarly equipped 2014 model and watch Fords build and price tool until the rebates are available. I would assume they will be there by the time the first vehicles hit showrooms assuming Ford will lease all variations of the new Mustang.

What is an APP lease?

When I spoke to the dealer, his guess was that a 36 month, 10,500 mile per year lease would be mid-$400s per month if the negotiated price is around $31,000. This seems crazy, as other Ford models in that price range are leasing for sub-$300 per month.

 

[Stroked84]

And that was probably just a high number dealer threw at your uncle, cause Ford does not have ANY lease residuals for 2014 GTs.
My guess would be, there will be NO leases available on GT models. Like 5LtrDrmr mentioned above, Ford has faced many bad experiences with lease Mustang GTs coming back.

What is an APP lease?

When I spoke to the dealer, his guess was that a 36 month, 10,500 mile per year lease would be mid-$400s per month if the negotiated price is around $31,000. This seems crazy, as other Ford models in that price range are leasing for sub-$300 per month.

I can't see the mistreatment of a small percentage of leased vehicles hurting future leasing. If you screwed something up it would fail inspection and you would pay to repair it. If anything Ford would just need to improve their lease turn-in inspection process, not make leasing their vehicle's impossible.

If that were the case ( ^ ), wouldn't Camaro's suffer the same fate? My buddy had no problem getting a nice lease price on his 2014 Camaro 2SS. It had a $37k sticker and with a total of $4000 out of pocket at signing his payment is ~$305 a month. I would be happy to pay $350-375 (a substantial increase over a more expensive Camaro) for a 15 GT Premium with a $35k sticker.

 

[dwaleke]

I tend to agree. More than likely the Mustang has a high depreciation rate which shows up in the lease details and payment. Allowing leasing would showcase this detail which would probably lead to fewer sales overall (or at least someone at Ford thinks so).

 

[FiveLiterDreamer]

I don't know why exactly they do not offer lease on 2014 GTs I can only speculate. I can say that an APP lease is a one pay lease with payments made upfront sometimes it can save you money.

 

[RisingForce]

I don't know why exactly they do not offer lease on 2014 GTs I can only speculate. I can say that an APP lease is a one pay lease with payments made upfront sometimes it can save you money.

In average APP lease saves you around $350-$500 over the course of a 2 year lease on a $30000 vehicle.

 

[FiveLiterDreamer]

The disadvantage with APP is if the vehicle is totaled out the insurance company pays FMCC for the value of the vehicle they do not pay back payments made on a APP. If you were in the same situation with a standard lease you would stop making your payments once the vehicle was totaled.

 

[Mustang Convert]

So if I agree on the sales price and order now (likely using X plan), can the dealer somehow screw me later with the money factor or other hidden fees built into the lease payment? Are the residuals and money factor always set by Ford (and therefore set in stone), or can the dealer use their own residuals or money factor?

 

[MadMoose]

The residual and base money factor are set by Ford, however the dealer can markup the money factor above base if they desire. worst case if its terrible you back out and maybe lose your deposit if its non refundable.

 

[Mustang Convert]

The residual and base money factor are set by Ford, however the dealer can markup the money factor above base if they desire. worst case if its terrible you back out and maybe lose your deposit if its non refundable.

Losing $500 for nothing is still a pretty bad result. I guess at that point I could still buy the vehicle for the agreed-upon price, but that's not what I'm hoping to do.

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