Whatcha payin a month, if you dont mind me asking? How much did you put down? How long is the lease?
spinwax
The thing is with leasing you dont have to put any down, plus its usually best not to buy things that depreciate sooo much. Payments are much less and you are only paying taxes on what you use, not the whole amount.
Plus, I found that the buy out at the end is usually not as bad as I thought. I actually sold my SVT contour for more than the buy out, and its resale sucked worse than a focus.
Plus, I found that the buy out at the end is usually not as bad as I thought. I actually sold my SVT contour for more than the buy out, and its resale sucked worse than a focus.
<blockquote><font size="1" face="Verdana, Arial">quote:</font><hr>Originally posted by socalfoci:
The thing is with leasing you dont have to put any down, plus its usually best not to buy things that depreciate sooo much. Payments are much less and you are only paying taxes on what you use, not the whole amount.
Plus, I found that the buy out at the end is usually not as bad as I thought. I actually sold my SVT contour for more than the buy out, and its resale sucked worse than a focus.<hr></blockquote>
The residuals on low-cost, domestic performance cars sucks. Buying a Ford certainly isn't an investment.. lol
The thing is with leasing you dont have to put any down, plus its usually best not to buy things that depreciate sooo much. Payments are much less and you are only paying taxes on what you use, not the whole amount.
Plus, I found that the buy out at the end is usually not as bad as I thought. I actually sold my SVT contour for more than the buy out, and its resale sucked worse than a focus.<hr></blockquote>
The residuals on low-cost, domestic performance cars sucks. Buying a Ford certainly isn't an investment.. lol
As a general rule, lease if you are pretty sure you won't want the car in 2-3 yrs. If you think your Foci will be a keeper and want it for 6-7-8 yrs, go ahead and buy it outright.
I did it because (a) my mileage is pretty low and (b) I may want the 2005 when it comes out!!
Also, the low residual is good if you want to buy the car out.....not as good for the monthly payment. You are paying more for the depreciation.
Let's face it, in BOTH cases you have to Pay to Play.......
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I did it because (a) my mileage is pretty low and (b) I may want the 2005 when it comes out!!
Also, the low residual is good if you want to buy the car out.....not as good for the monthly payment. You are paying more for the depreciation.
Let's face it, in BOTH cases you have to Pay to Play.......
Do not lease this car. It makes no sence financially. The money factor is too high. The lenders know Ford will SELL all they can produce.
<blockquote><font size="1" face="Verdana, Arial">quote:</font><hr>Originally posted by J-Rod:
Put it to you this way. I'm paying 280 per month to buy my SVT on a 5yr loan. To lease it for 3 years would have cost somewhere in the upper 3's to low 4's. I don't think any car is worth paying 400+ per month to lease.<hr></blockquote>
How do you figure a lease is more than a buy? Basic car sales formula, 5 yr buy= 2 yr lease payment.
Put it to you this way. I'm paying 280 per month to buy my SVT on a 5yr loan. To lease it for 3 years would have cost somewhere in the upper 3's to low 4's. I don't think any car is worth paying 400+ per month to lease.<hr></blockquote>
How do you figure a lease is more than a buy? Basic car sales formula, 5 yr buy= 2 yr lease payment.
When you lease a vehicle, you're not only paying for wear and tear of the vehicle, but you're also paying for the depreciation of it over time. That is why you hear the term residual thrown around... it's basically the cars value at the end of the lease. Ford is going to charge you more per month for a car with a low residual because when they try to sell it after you return it wont be worth as much. It's all about $$
For example. My Dad and sister were looking into leasing a car 3 months ago. I was pushing for my sis to get a SE (not even a ZTS) and my Dad wanted a completely loaded 4X4 Ranger. The lease payment for the SE was $270 and the Ranger was $300. Both were 3yr/12,000 mile leases and on a-plan. You figure the Ranger was a 25,000 truck, and the Focus was maybe 13,000. Go figure...
DanamaxSVT works @ a dealership and he said not to lease. I'm also curious what people are paying for a lease on this car.
Sorry for getting off-topic socal
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[ 07-26-2002: Message edited by: J-Rod ]</p>
For example. My Dad and sister were looking into leasing a car 3 months ago. I was pushing for my sis to get a SE (not even a ZTS) and my Dad wanted a completely loaded 4X4 Ranger. The lease payment for the SE was $270 and the Ranger was $300. Both were 3yr/12,000 mile leases and on a-plan. You figure the Ranger was a 25,000 truck, and the Focus was maybe 13,000. Go figure...
DanamaxSVT works @ a dealership and he said not to lease. I'm also curious what people are paying for a lease on this car.
Sorry for getting off-topic socal
[ 07-26-2002: Message edited by: J-Rod ]</p>
I know when I leased my car I was surprised by how low the residual was. Loaded SVTF and the resudial is like $8600. I would think that the SVT wouldn't depreciate as much as a stock Focus, because there are MUCH fewer of them, they are well-regarded in the media, etc. If I'm right I can buy for $8600, sell it for over that and get something else, or keep it and enjoy it. If I am wrong, I enjoyed it for 3 yrs.
Curious if anyone else thinks the car will go from $20K to $8K in 3 years...
Curious if anyone else thinks the car will go from $20K to $8K in 3 years...
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