While the vast majority of Ford customers have opted to finance their vehicles lately instead of leasing, in this day and age, that may not be quite as advantageous. With used car values soaring over the past year or more, an increasingly large number of lessees are discovering that they can buy out their lease and trade-in or sell those vehicles for a profit, including those that have leased vehicles such as the 2018 Ford Expedition, which was recently identified as one of the top 15 leased vehicles selling for the most profit, as well as the 2019 Ford Mustang, which touts the biggest difference between today’s cash value and its original residual value of any vehicle. Now, we can also add the 2019 Ford Fusion to that list as well, according to new data from Edmunds.
The 2019 Ford Fusion made the cut on Edmunds’ list of mainstream vehicles with the biggest difference between current cash value and original residual value along with the Mustang, finishing second behind the pony car with a 2022 trade-in value of $19,211 versus a 2019 estimated residual value of $12,172 – a difference of $7,039, or 58 percent.
This means that those who want to trade-in or sell their 2019 Fusion outright stand to make a pretty hefty profit, though that’s true of virtually every used car these days if it was purchased prior to the recent pricing boom. The average 2019 vehicle saw an increase of $7,208 or 33 percent, meaning that this applies to most other vehicles from this particular model year, too.
“Unless you’ve driven an exorbitant number of miles or your vehicle has excessive wear and tear, you’re pretty much guaranteed to see an increase in value,” said Ivan Drury, Edmunds’ senior manager of insights. “The one drawback is that you’ll likely have to do a bit more legwork than in the past to take advantage of the equity in your expiring lease given that some auto manufacturers have recently placed more stringent rules on lease purchase options. But taking some extra steps will be well worth it for many, given the financial reward.”
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Comments
If you don’t, who knows when will be the next time that you see a Ford sedan?
This is also true of the 2019 3.0T AWD Lincoln MKZ for those lucky enough to have snagged one. I knew back when I leased mine that I’d want to hang on to it, and so I cackled madly just recently when Lincoln sent me the buyout information. Mine is way under mileage a la pandemic, and just about the last of it’s kind to boot.
Ford/Lincoln finally got it right specifically with the 3.0T AWD variant of the MKZ and somehow failed to recognize what a gem they had in their rush to quit the sedan market. Not everyone on the planet wants to drive an overgrown electrified hatchback, a pickup, or an import.
Wth Ford?
It seems FoMoCo hates its customers. Really like my Ford and Lincoln sedans. 3 of them. Don’t really want a Mustang. Not a truck guy. Find CUVs repugnant. If they don’t rectify the situation my next SEDAN won’t be a Ford since they don’t make one.
I’m halfway through my 36-month lease on a fully optioned F-150 XLT S-crew 5.0 FX4. With working from home the whole time, I only have 10,500 miles on it. My residual is only $30k to buy out at the end. It’s starting to look like the deal of the century, with the prices & supply issues of new ones. That might not be resolved by the time my lease is up.