Calgary Canada Lease and Finance Rate

K D · Apr 8, 2005

I went to the dealership last week out here in Calgary, Alberta and the dealer told me the finance rate is somewhere along 8.9% and the lease rate is ''almost identical'' could someone help me out here because i know that can't be right esspecially on a domestic car .. if anyone could help me out that would be really appreciated.

allie · Apr 8, 2005

first you get the lowest price

K D said:
I went to the dealership last week out here in Calgary, Alberta and the dealer told me the finance rate is somewhere along 8.9% and the lease rate is ''almost identical'' could someone help me out here because i know that can't be right esspecially on a domestic car .. if anyone could help me out that would be really appreciated.

first get the lowest price from the dealer then check around to get the lowest lease rate on that car.

scarypat2001 · Apr 8, 2005

KD:

I singed up for a lease on a GT here in Montreal, and the rate is the same at 8.9%. I was just lucky that the dealer singed just at MSRP and not more...

As for any manufacturer, cars that sell like hotcakes never get any incentive or preferred rates. As you know, Ford offers 0% financing on almost all its other products. I have not looked at bank financing for the GT though since I'm not buying the car, but it could be the alternative. And under the current situation (i.e. there's a wait list for GTs!), I don't expect Ford to offer any incentive before 2006, except maybe on the V6.

Oh - one more thing: it seems that the residual is fairly low after 3 years, which does make the lease even more expensive (I got quoted a 52% residual after 3 years, while I have exactly the same residual value at the end of my 4 year Acura TL-S lease!).

K D · Apr 8, 2005

scarypat2001 said:
KD:

I singed up for a lease on a GT here in Montreal, and the rate is the same at 8.9%. I was just lucky that the dealer singed just at MSRP and not more...

As for any manufacturer, cars that sell like hotcakes never get any incentive or preferred rates. As you know, Ford offers 0% financing on almost all its other products. I have not looked at bank financing for the GT though since I'm not buying the car, but it could be the alternative. And under the current situation (i.e. there's a wait list for GTs!), I don't expect Ford to offer any incentive before 2006, except maybe on the V6.

Oh - one more thing: it seems that the residual is fairly low after 3 years, which does make the lease even more expensive (I got quoted a 52% residual after 3 years, while I have exactly the same residual value at the end of my 4 year Acura TL-S lease!).

yah i called around and im going to go to a cople of dealerships around town and see whats the best price i can get the prices ive been getting are about high $500's to low $700's Cananadian per month

05canuck · Apr 9, 2005

You should look at banks too I got 4.65% at a local CU and had my bank match it..Edm

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