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Old 03-11-2013, 10:14 AM   #1 (permalink)
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Default $149/mo Focus Electric Lease

Quirk Ford in Quincy, MA is advertising a $149/mo, $1999 down, 10.5k miles, 24-month lease on 2013 Focus Electrics.

http://www.quirkford.com/new-ford-specials.htm

Is it just me or is that the same as *stealing* the car from Ford?
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Old 03-11-2013, 03:26 PM   #2 (permalink)
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That is the going rate: Ford is contributing $2500 towards the lease and when you include the Fed's $7500 tax break you get $10k of the top of the lease.

Unfortunately, though, Ford's $2500 back deal ends on April 1st.

The problem has been, at least for the Detroit area (yeah ironic isn't it), you have to find one!



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Old 03-11-2013, 04:19 PM   #3 (permalink)
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Thanks ... so the $10,750 incentive Ford is offering is really just the $7,500 tax credit plus $3,250 "cash" incentive?

It still doesn't fully make sense to me, though. Using the residual value of the 2012 Ford Focus Electric as a bogey (~$21,000 after 24 mos.) and a $12,749 "down payment" ($1,999 down + $10,750 Ford incentive), the monthly lease payment should be ~$260/mo.

In order to get $149/mo, either the dealer is ponying up an extra $5,000 or the residual for the 2013 after 24 months is $26,800, which seems really high given the 2012 numbers.

Close enough to stealing, though, for me to head over to the dealer and find the catch.
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Old 03-13-2013, 11:14 AM   #4 (permalink)
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No catch that I could find, so I'm the proud lessee of a black 2013 FFE.

If anyone's interested, will post exact terms, residual value, etc.
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Old 04-26-2013, 03:48 PM   #5 (permalink)
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Quote:
Originally Posted by JoshRoman View Post
No catch that I could find, so I'm the proud lessee of a black 2013 FFE.

If anyone's interested, will post exact terms, residual value, etc.
I'm interested in getting the same deal and would like to know the exact terms and the car.
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Old 04-30-2013, 08:41 PM   #6 (permalink)
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Default I made a similar deal with Quirk but for 3 years

I just got a FFE (with Leather MSRP $40,995) with a 3 year lease from Quirk. I live in Ct so it cost me a bit more (Sales tax on Ford Rebate and Fed Tax Credit). Here are my details. 3 Year 10,500 mile lease. Ct has the Personal Property tax added into your monthly payment ($52.00)

$151 Month payment
$52 PP Tax
$13 State Sales Tax
-----------
$216 Monthly Payments

$1999 down
$645 Acquisition Fee
$299 Doc Fee
$216 First Payment
$914 Ct's 6.35% sales tax (on $649 Acq Fee, $1999 DP, $4250 Ford rebate, and $7500 Fed Tax Credit)!
----------
$4073 Due at signing....Ouch!

More detail...
Gross Cap Cost: $37,749
Residual Value: $18,855
MF was 0.5%

If you live in MA you wouldn't pay the $914 Sales tax and your PPT would be handled separately.
For comparisons I consider my Monthly Payments without the PPT so it's $151 + 13 = $164. Yes you pay Sales Tax on the Personal Property Tax!
Don't you love the way Ct supports Electric car sales!

Jay

Last edited by jayco59; 04-30-2013 at 08:49 PM.
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Old 05-17-2013, 02:14 PM   #7 (permalink)
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Jay,

You got a super deal!!. Even at 10.5K mile per year, I haven't seen any better deal yet.
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