shrig31 Report post Posted February 8, 2016 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 beltsState: California (Bay Area)Miles: 10500 per yearLease period: 36 month leaseMSRP: $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. Quote Share this post Link to post Share on other sites
MrMikeL Report post Posted February 9, 2016 What is the residual at the end of the lease? Quote Share this post Link to post Share on other sites
shrig31 Report post Posted February 9, 2016 $17,900 + fees and taxes Quote Share this post Link to post Share on other sites
Griswald Report post Posted February 9, 2016 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. Quote Share this post Link to post Share on other sites
Waldo Report post Posted February 9, 2016 Just hit 2 years on mine and I'm only at 18,000 miles. Quote Share this post Link to post Share on other sites
MrMikeL Report post Posted February 9, 2016 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. Quote Share this post Link to post Share on other sites
shrig31 Report post Posted February 9, 2016 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. Quote Share this post Link to post Share on other sites
machoman1337 Report post Posted February 10, 2016 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. Quote Share this post Link to post Share on other sites
