Lease vs Purchase Poll
Senior Member
Joined: Apr 2001
Posts: 181
Likes: 0
From: Downriver Area, MI USA
Bought mine.
But here's the poop on leasing. Leasing's for me and it might be for you too. Two Mark 8s at $425/mo. When I inquired about the 98 Mark (which would have been my 3rd) I was told no more incentives and the price was $750/mo. I never keep vehicles more than 2 years anyway or I get bored with them. The L is an exception. My last vehicle was a 98 Mountaineer with beaucoup incentives. Loaded with every available option, it was $375/mo. Paid an up-front lease on my Ranger daily-driver of $6k. I think you can get them even cheaper now. If it's a vehicle you may want to keep, the purchase option is usually cost effective, i.e. you won't get taken. If you decide you don't like it, give it back to them after 2 years and get something else. Also if the residual value is much higher than they calculated, you may elect to purchase the vehicle and immediately sell to somebody for profit. This happened to me with my 92 Explorer. Leased from one dealer, sold to another, pocketed almost $4k.
But here's the poop on leasing. Leasing's for me and it might be for you too. Two Mark 8s at $425/mo. When I inquired about the 98 Mark (which would have been my 3rd) I was told no more incentives and the price was $750/mo. I never keep vehicles more than 2 years anyway or I get bored with them. The L is an exception. My last vehicle was a 98 Mountaineer with beaucoup incentives. Loaded with every available option, it was $375/mo. Paid an up-front lease on my Ranger daily-driver of $6k. I think you can get them even cheaper now. If it's a vehicle you may want to keep, the purchase option is usually cost effective, i.e. you won't get taken. If you decide you don't like it, give it back to them after 2 years and get something else. Also if the residual value is much higher than they calculated, you may elect to purchase the vehicle and immediately sell to somebody for profit. This happened to me with my 92 Explorer. Leased from one dealer, sold to another, pocketed almost $4k.
Senior Member
Joined: Jun 2001
Posts: 2,516
Likes: 0
From: Bay Area, California
We gave them a check and they gave us a truck. simples as that. no payments, no nothin. were goin to do that same thing tomorrow when we get our 02 E430(fully loaded) me and my uncle worked out the deal today(he is buying a C320 wagon to). so tomorrow, all we gotta do is give the guy a check and we can driver her off the lot
Senior Member
Joined: Dec 1999
Posts: 1,145
Likes: 0
From: Ontario, Canada
Leased. Not from Ford , however. 13.09 @ 105.5. What mods?!?
Leasing allows an immediate monthly expense for my business. Not so with a purchase. Lease around $5000.00 of vehicles per month. Looks a little ridiculous when you thinks about it!!
Leasing allows an immediate monthly expense for my business. Not so with a purchase. Lease around $5000.00 of vehicles per month. Looks a little ridiculous when you thinks about it!!
