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2007 Fusion SE Residual Value?


Richard Smith

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I have just taken delivery of a 2007 Fusion SE with 4 cyl and just Automatic. MSRP is $19705. The lease contract shows a Residual Value (The value of the vehicle at the end of the lease used in calculating your base payment) equal to $9458. Thats 48 % of MSRP. The Purchase Option at the end of the lease is $9958.40 or 51 % of MSRP.

 

This is a 39 month/12000 mile lease. The dealer finance person told me the residual was 51% for 10500 miles and 50 % for 12000 miles.

 

Is there an error in my contract? Who at Ford can give me an unbiased answer? I would like to know the correct figures before I approach the dealer.

 

I am a Ford retiree living in Knoxville, Tn.

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