I just finished the buyers guide posted about 2 years ago. This was an AMAZING read! Unfortunately I did it 3 months too late =(. Back in August I leased an '11 xlt for $335 a month. Since it was my first lease I didnt haggle too much except about the interest rate and my monthly payment. I just need to know, am I totally screwed in 3 years when I go to trade this in as far as getting a good or better lease deal? If I buy the truck after 3 years is there any deal when I go to re finance? As you can tell I know very minimal but I was just tired of used cars.

 

Let me go get a cup of coffee and BS with the other salesman... errr... I mean go talk to my sales manager. ;-)

 

U would have to check the terms & conditions of your lease but as I understand it there are a lot of things to take into consideration. If u go over the "agreed milage" over the lease period u will be hit hard with a charge per mile over the agreed amount. The vehicle will also have to be within a range of certain conditions ie they will allow for a certain amout of wear & tear but if it needs new tyres u may well have to put them on before returning the vehicle. THey give u the option to buy it & I think they sell it at book price. I know this because someone I know had a Silverado on lease & these were things he told me. Remember u don't actually own the vehicle, its like a long term rental agreement so the truck is no more yours after three years than it was after 1. I think that the big car rental companies lease there cars because its cheaper than buying them.

 

Your speaking to him! ..lol What can I help you invest in today! .....An investment in yourself! Only our investment cashes out smiles!!...lol


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Once you sign that lease agreement your end buy out is written in stone! There is no haggling at the end of the lease. On your contract its called End Residual value $--,---
that is what you buy the vehicle for at the end of your lease. If you go over your agreed milage then you pay the penalty of so many cents to the mile as you agreed to.
Some people think they can haggle at the end of the lease and quickly learn they can't. Your lease payments were set based on your residual value. Ford Credit would be shooting themselves in the foot if they haggled at the end of the lease.



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At the end of the lease the buy out is the buy out. But if you wish to buy it out its a new transaction meaning you can negosiate interest rates.

 

Ok so if I buy it out, can't haggle on the price but can find a lower % rate. Got it. Now if I trade it in and say I'm under the mileage and I don't need to replace anything, how much to get into a new lease?