Hello,
Can anyone assist with reviewing this lease for a 2018 Ford Fusion Energi SE? Does this seem competitive? I was originally thinking of purchasing this vehicle but the dealer stated that it may be better to lease it first and then purchase it. Is this a recommended plan of action in your opinion? I’m in CA and I will most likely drive 20-25k a year. This quote is for 10k a year for 36 months.
Any direction would be appreciated!
GRS Cap Cost: 31124.87
Sales Tax: 754.62
Cap Reduction: 9010.34
Net Cap Cost: 22869.15
ADJ Residual: 12304.80
TOT Term Dep: 10564.35
Monthly Dep: 293.45
Mon Lease Chg: 7.27
Base Payment: 300.72
Monthly Tax: 25.19
Total Mo Pymt: 325.91
Total of Pymts: 11732.76
Est Fees/Term: 1244.75
Tot Taxes: 1661.46
1st Payment: 325.91
Cap Red: 9010.34
1st YR Fees: 420.75
Tot Init Pmt: 9757.00
Thank you in advance.
I would most likely drive 20-25k a year.
MSRP? Money factor? Rebates? How much out of pocket?
@BoardWalkNJ MSRP: 32,180 it looks like he reduced the price to 31,124.87. Rebates is 9010.24. No money out of pocket. I’m not sure how to calculate the money factor?
Discount is pretty anemic. I’d try to get more off. Ask the dealer for the money factor. Reverse calculating it is a pain.
Don’t know if this is of interest to you or not… But if you especially like the fusion energi… I was looking at one in December last year (a 2017), it was the energi platinum. I am in Socal. The best quote I got was for $31,500 at a dealer here. That was a buy price, not lease… but when you pull the rebates off that price for yourself (around 6,000 in California all up from memory state and federal etc) it becomes a pretty good price overall for the car. Even if you sold it in 3 years after that time… I cant imagine you would lose a fortune on a car that has an MSRP of over 40,000.
I dont know what your credit is like, but a decent credit union would be able to look after you at around 1.9%, and Ford themselves were doing 0% for 6 yrs from memory. Only reason I didnt go with it… I went with the Honda Clarity due to it having a longer EV only range for the PHEV vehicle.
Just sharing info it it helps at all. I like leases too… unless I can get a buy for a payment that isnt much more, and especially if I dont think there is much down side as far as depreciation vs lease cost.
Alan
@BoardWalkNJ Money Factor is 0.5
@Seachange Thank you for this information. I’m looking into this option too.
Honestly, if you are planning to purchase it at the end of the lease, I wouldn’t even consider this car. I would get a 2014/2015 CPO Chevy Volt. It will be around $13-16k and thus far, they are very reliable. Owners have not seen battery degradation and there are no common issues. Your $300 payment could pay for much of a Volt versus you will still have to buyout the Fusion at the end of the lease.
