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SportTrac Discussion
General Sport Trac Discussion
What residual should you expect from a Ford?
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<blockquote data-quote="Tom Schindler" data-source="post: 955678" data-attributes="member: 56140"><p>Which number is that? The trade-in value of $9,400 or the original purchase price of $13,500?</p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>25,000 miles.</p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>A Ford that is 7 years old with only 25,000 miles. I mean, the body is straight. It has never been wrecked, hotrodded, or abused. Oil was changed once a year, every year. Interior is very clean.</p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>Yes, this was a trade. The dealer is selling us a 2011 Ford Escape XLT V6 4X4. Sticker price is $28,900. Z-Plan price is just over $26,000. We have $1,000 customer cash, another $500 bonus cash, and then another $1,000 auto show cash. This brings the price down to $23,500.</p><p></p><p></p><p></p><p>When it is all said and done, Mom will end up financing only $6,100 due to the fact of the trade-in and the money she will put down. She wants to pay cash for the vehicle, but I want her to have a short loan to strengthen her credit. My Dad is close to 80 years old, so I want to make sure she is prepared when Dad's time on earth comes to an end. One never knows what the future brings.</p><p></p><p></p><p></p><p>We did price a used Escape. A 1 year old Escape will cost about $1,500 less than a brand new one and a used 2011 Escape is about $500 more than this new one.</p><p></p><p></p><p></p><p>This is what residual is all about.</p><p></p><p></p><p></p><p></p><p></p><p>Tom</p></blockquote><p></p>
[QUOTE="Tom Schindler, post: 955678, member: 56140"] Which number is that? The trade-in value of $9,400 or the original purchase price of $13,500? 25,000 miles. A Ford that is 7 years old with only 25,000 miles. I mean, the body is straight. It has never been wrecked, hotrodded, or abused. Oil was changed once a year, every year. Interior is very clean. Yes, this was a trade. The dealer is selling us a 2011 Ford Escape XLT V6 4X4. Sticker price is $28,900. Z-Plan price is just over $26,000. We have $1,000 customer cash, another $500 bonus cash, and then another $1,000 auto show cash. This brings the price down to $23,500. When it is all said and done, Mom will end up financing only $6,100 due to the fact of the trade-in and the money she will put down. She wants to pay cash for the vehicle, but I want her to have a short loan to strengthen her credit. My Dad is close to 80 years old, so I want to make sure she is prepared when Dad's time on earth comes to an end. One never knows what the future brings. We did price a used Escape. A 1 year old Escape will cost about $1,500 less than a brand new one and a used 2011 Escape is about $500 more than this new one. This is what residual is all about. Tom [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
What residual should you expect from a Ford?
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