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shrig31

my 2016 FFH SE lease deal - is it a good deal?

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I got following lease deal for 2016 Ford Fusion SE Hybrid w/ 502A (leather + front heated seats) + Moon Roof + Intelligent access with push button start + inflating rear seat belts

State: California (Bay Area)

Miles: 10500 per year

Lease period: 36 month lease

MSRP: $31,515/- (Window sticker says - Total Before Discounts as $33,400/-)

 

Down payment: $1720/- (due at lease signing, which includes 1st month's payment)

Monthly payment: $220/- (for 35 months)

(above lease prices includes everything i.e. tax, registration, fees etc.)

 

Is this a good deal? Please do comment and share your lease prices.

 

 

 

 

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10,500 miles per year is awful.

 

Once you start driving this car, you will easily pass that in 7 or 8 months.

 

Price seems OK except for miles.

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So if I do some quick math here:

 

$1720 down

$7700 in total monthly payments

$17900 residual

 

Add that all up and you are sitting at a very sweet, almost too sweet, deal. Your total out of pocket if you were to buy the car at the end of the lease period is only $27320. Something does not sound right here. The total out of pocket, including buying the car at the end of the lease should be closer to the MSRP.

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Thank you for reply.

MrMikeL: But there is a tax and fees (not sure what fees) on Residual, which can be around 10% in California. So total out of pocket will be approximately 27320 + 1790 = $29110.

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10,500 miles per year is awful.

 

Once you start driving this car, you will easily pass that in 7 or 8 months.

 

Price seems OK except for miles.

 

Not everyone drives that far even if they spend a lot of time in the car. I've put only 25,000 my car in nearly 2 years. Not that I don't drive much, it's just that I encounter horrible traffic over a seemingly short distance on a regular basis.

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