I am in the process of leasing a 2024 Ford Mustang Mach-E GT. Here are the numbers I was just given from the dealership:
The lease price is $58872.67 and there is $11,600 in lease rebates. The residual is 47% of the MSRP which is $28,192.95. Payment with Kansas sales tax is $706 for 36 months.
Is this a good deal? What else should I be asking them, and where should I negotiate with them to lower the payment?
Considering comparable cars can be leased for half of this payment, and used GTs are selling for half of the value of the car, that’s not a deal I would do.
Appreciate the response, What comparable cars can be leased for half? I have looked at the Ionic N, Ionic Limited, and the Kia EV6 GT.
Look at Marketplace GT’s are being leased for half of this.
Good call. This @endeavorauto deal was half for a MachE. That should be the benchmark.
EV6 GTs have been had for $400ish with some work. The Ioniq limited isn’t leasing well but next trim down could be done for 300s. Brokers also offering BMW, Volvo and Audi EVs (that you would need to ship) for less than this too in the marketplace.
I would drive some of the non GTs and at least to me they seem plenty fast for half the payment
appreciate that link, it looks like people are not getting any response from the dealer there. I asked in that thread, so we will see
Yeah not that deal or dealer, but to give you an idea of what’s possible. You need to figure what your target deal is, which should be closer to that than what you’ve been quoted locally.
These are piling up so trying other dealers, expanding your search radius, or considering alternatives should save you a lot of money. Or maybe finding a used one if you really love it since the depreciation is already in the used price.
IDK if that deal ever happened so it’s a slightly dubious benchmark but OTOH there are numerous signed EV6 GT deals
Curious if you ended up following through on this. Negotiating a lease right now in KS also for a GT with similar results
I walked based on the responses here
I am also looking at leasing a Mach E GT and would be interested in comparing notes with anyone going through the process. So far the best quote I received for 36 months/10.5 k miles would end up costing me a little over $25,000. I feel like I should be able to do better but am a first time leaser and inexperienced car negotiator in general.
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