Here are answers to my questions from the dealer --
What is the lease buyout price? $12,724.80 (based on a 39 month lease at 10,500 miles/year)
Could you tell me any and all penalties for buying the lease out? $500 buyback fee, already included in the lease buyout price What is the earliest the lease could be bought out? Tomorrow! (or after you have it registered)
What are additional expenses? Sales tax and fees? What drive-off fees do I have to pay? There is a $398 admin fee + a $27 title fee (for NH) which comes out to $425. That is true on any car you purchase from us. No sales tax either since you live in NH.
What is the car's residual value? All values based on MSRP given for 39 month lease: 10,500 miles = 37%, 12,000 miles = 36%, 15,000 miles = 34%
What is my interest rate? 0.00135 money factor (the rate term used for leases which equates to about 3% interest)
How many miles does the lease include? We can do whatever you want (10,500 miles, 12,000 miles, 13,500 miles, 15,000 miles or more), but we've based our numbers on 10,500 to get the lowest monthly payment.
With the federal tax reduction and clean energy rebates, what would the sale price be (to buy directly as opposed to lease)? New Hampshire doesn't offer any additional rebates at this time for clean energy (at least to the best of the dealership's knowledge, and it would certainly be a great thing for us if they did), so you would be looking at a starting value of $31,319.70 ($300 below invoice), minus a $5,000 rebate if you finance through any company other than Ford (you only get $4,500 through Ford), so you would be looking at $26,319.70 + $425 admin/title fee, whereas if you lease initially and refinance right after, you would have a buyout of $22,513 + admin/title fee (applies again since a new title has to be issued). With the lease, if you did decide to choose a higher mileage (12,000 for instance rather than $10,500), you are looking at roughly a $10/month increase. A 30,000 mile lease would put you up at about $489/month. The 3 year/100,000 mile lease you were referring to only applies for Municipal Leases.