I recently went to look at an 05 on the lot and you all know the run around that you usually have to do, are you going to trade, how much do you owe, what do you want to pay monthly, all that stuff. Well I told them I would be interested in buying and or leasing, he said no problem, came back after talking to the manager and said since they do not know the residual value of the mustang that leasing would probably not be any cheaper than buying it. ok so you are telling me that paying 460 a month for XX months, you can't get me a cheaper payment on a lease for the same amount of months. What gives here, if what he is telling me I would like to know how these peple can afford these expensive vehicles, ie... BMW, Lexus, Infinity, Caddy, if you will. I mean do you actually have to wait 3 years to find out how a vehicle will sell before they will give you a cheaper lease payment. I do not understand. Does anyone else here have any information?

 

There may be some truth into it, the vehicle is completely new from the ground up. I can see how they don't know for sure how well it will hold it's value. I didn't even ask about leasing so I don't have any first hand experience with it. With most cars, when there is a major redesign, there isn't the huge change in demand as has been seen with the redesign of the Mustang.

 

That is not true. Ford has posted residual values. You mention not having a lower payment for the same number of months, I assume that 460 number represents a 60 month loan. In my opinion if you consider a lease for anything more than 36 months you are out of your mind. A sixty month lease makes no sense. Shorter is definately better (well in regards to leasing anyway).

 

I investigated both options. Atleast in Canada, with a 3 yr 60,000 KM lease, the residual is 54% on the GT.
A 3yr lease with 3k down is roughly the same monthly payment as a 5yr buy with 5k down. (Through Ford Credit Canada. American Ford credit has different interset rates, so you may want to investigate this further.) If you can afford the latter, buying is the better option.