2024 Lariat-hybrid Lease

[EricO]

Hi All,

Wanted to gauge what is a decent monthly payment leasing a 2024 Maverick lariat-Hybrid for 36 months, 10k miles, $1000 down with 750+ credit?

Sponsored

 

[Zed79]

Payment Estimator
2024 MAVERICK® LARIAT®

• LEASE
• FINANCE

MONTHLY PAYMENT
$571/mo
36 month term 10,500 miles/yr. $1,571 due at signing
Estimated Capitalized Cost S14 = $36,975
Down Payment
3% of estimated capitalized cost
Terms In Months
24363948
Net Trade-In
Look up trade-in value S9
Annual miles
7,50010,50012,00013,50015,00016,50018,00019,500Enter the miles per year you expect to drive
Configuration: 2024 Maverick LARIAT®, LARIAT (500A), SuperCrew, FWD, 2.5L Hybrid Engine, Automatic Continuously Variable Transmission, 121" Wheelbase. Pricing as of June 25, 2024.
PRICING SUMMARY
Be sure to check out your Ford Dealer's best offer which may be even lower than the base MSRP (Manufacturer's Suggested Retail Price) shown, less incentives.
Base MSRPS1$34,240
Options S4+ $495
Accessories S8+ $0
Destination Charges S17+ $1,595
Acquisition Fee S18+ $645
Estimated Capitalized Cost S14= $36,975
Available Incentives S3- $0
Estimated Net PriceS5= $36,975
Down Payment- $1,000
Trade-In Value S9- $0
Adjusted Capitalized Cost S15= $35,975
Save & Close
Fords numbers from the lease page. using the info provided in the post only.

 

[Darnon]

That's not factoring taxes, registration, and other fees. Money factor differs depending on market, too. Also 10.5k miles is below the standard 12k miles most quote closer to the national average.

 

[EricO]

That's not factoring taxes, registration, and other fees. Money factor differs depending on market, too. Also 10.5k miles is below the standard 12k miles most quote closer to the national average.

right, i am being quoted 8% money factor (aka interest rate), is that normal? that sounds very high to me, is it not?

 

[Montana]

right, i am being quoted 8% money factor (aka interest rate), is that normal? that sounds very high to me, is it not?

it's very high... which is the new normal unfortunately.

 

[Darnon]

right, i am being quoted 8% money factor (aka interest rate), is that normal? that sounds very high to me, is it not?

Yes, that's normal judging by the Edmund's forum that's usually a good place to look up lease plans saying, "expect up to 9%".

Ford usually is somewhat inimical to leasing in general and has little reason to incentivize Maverick sales.

Edmund's lease calculator spits out something more like $690/mo with $1k down for 3yr/36k miles accounting for fees and taxes if in, say, Phoenix.

 

[EricO]

Yes, that's normal judging by the Edmund's forum that's usually a good place to look up lease plans saying, "expect up to 9%".

Ford usually is somewhat inimical to leasing in general and has little reason to incentivize Maverick sales.

Edmund's lease calculator spits out something more like $690/mo with $1k down for 3yr/36k miles accounting for fees and taxes if in, say, Phoenix.

This is what i figured, not much wiggle room there unless I drop more money down, hmm, gotta think this one thru.. thank you.

 

[Darnon]

This is what i figured, not much wiggle room there unless I drop more money down, hmm, gotta think this one thru.. thank you.

It's typically recommended not to put money down on a lease; it's essentially just prepaying extra payments that has the potential to not be recovered if the vehicle should become a total loss. Better to secure that money in an account and split it up over the course of the lease to effectively reduce the payments.

That said $690/mo is still lower than it'd be financing a similar amount ($37k + 10% for taxes/fees) for 60 mo @ 8% interest; that'd be ~$825.

 

[MakinDoForNow]

This is what i figured, not much wiggle room there unless I drop more money down, hmm, gotta think this one thru.. thank you.

No guarantee for future but so far buying instead of leasing has been cheap considering what CarMax and Carvana have been paying for used trucks.

Sponsored