Cost to lease a new GT? - Page 2 - Ford Mustang Forum
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Quote:
Originally Posted by stevegt2012 View Post
Not sure why you want to lease. Any financial adviser would tell you it doesn't make good financial sense.

Leasing makes Great financial sense depending on your situation, miles you drive, how often you want a new car etc, etc......jeez. Some people don't want to take the depreciation hit and keep a car for 10 years, plus if you lease your car its always under warranty.


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Originally Posted by Rickyv90 View Post
I just made one on their website. Nothing added Base Model GT $31,095
$3,000 down
12,000 miles a year
36 Months

Monthly payment of $321 a month.

Financing the same car with same down payment.
5.9% APR for 72 months

Monthly payment of $465

Leasing and Buying both have their pros and cons, leasing isn't that terrible of an idea. Yes you are stuck with a car payment and there is no paying it off but you get a new car every 3 years and the payments are much less.
Where are you getting the 5.9% Apr at ? I bought my car at 3.7 and I just turned 19 no previous credit or a single thing in my name before

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Quote:
Originally Posted by ShortySmalls View Post
Where are you getting the 5.9% Apr at ? I bought my car at 3.7 and I just turned 19 no previous credit or a single thing in my name before

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Too many things go into what intrest rate a person can get, and honestly shouldnt compare one persons ability to finance vs anothers. Also it could just be that dealers lease rate. You got a good deal at 3.7, but people forget that sharing that type of info actually leads to an assessment of their personal financial status no matter how vauge it may be. All that to say, don't compare your ability to buy to someone elses. Price of car sure, trade value, sure, not interest rates.
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Quote:
Originally Posted by downwardspiral View Post
Not for nothing I am paying over $100 a month less to finance my 2011 (with ~4000 miles) over 4 years (48 mo) @2.17% financing through a credit union. If you have any kind of respectable credit score, definitely check out credit unions. Insurance is $2200/yr and Im 25 for the record.
You are not paying that for a similarly priced car and down payment. If you were paying $100 less which would be $365 for 48 months without interest you`re making $17,520 in payments. Add a 3,000 down payment and your at $20,529. Even at 0% APR you are 11k short.


The 5.9% interest rate is just what it was set for.

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