- Thread starter
- #1
Long story short my maverick came in this weekend so I went to go look at it and discuss initial numbers.
I want to lease this vehicle so I wanted to get the rates for a lease. First red flag was that my dealer said the lease would be through a credit union and not Ford Credit as the rates were much better.
I was given a monthly lease of 399 at 36 months with $1500 down which is my deposit of 500 a rebate of 500 from first responder program and 500 of my own cash. This price would include taxes and fees and not dmv fees of around $200 more.
But this doesn’t make sense to me at all when I look at my purchase price and residual price:
$31360 - $22452 = $8908. $8908 | 36 months = $247. Say we add tax on $21.61. $268.61. What’s the percentage rate around 50%?!?
Any help would be appreciated as I’m supposed to pick up truck tomorrow.
I want to lease this vehicle so I wanted to get the rates for a lease. First red flag was that my dealer said the lease would be through a credit union and not Ford Credit as the rates were much better.
I was given a monthly lease of 399 at 36 months with $1500 down which is my deposit of 500 a rebate of 500 from first responder program and 500 of my own cash. This price would include taxes and fees and not dmv fees of around $200 more.
But this doesn’t make sense to me at all when I look at my purchase price and residual price:
$31360 - $22452 = $8908. $8908 | 36 months = $247. Say we add tax on $21.61. $268.61. What’s the percentage rate around 50%?!?
Any help would be appreciated as I’m supposed to pick up truck tomorrow.
Sponsored