Last post on Oct 14, 2011 at 8:47 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Ford Expedition, SUV
#343 of 379 Re: 2007 Expedition EL Limited Demo [bb3451]
Oct 11, 2007 (6:28 am)
Sounds expensive to me. Try to find out what a new one using the Ford's X plan would cost. After all it is now a year old. Go to Ford.com and check out what other dealers are asking for used and new ones. We own a 2007 and it is the best one we've had. We made the mistake of buying a 2004 when the 05's were out and then traded for a 2007. After driving it for two years and trading up 3 we essentially lost any gain on the price of the new one. Good luck.
#344 of 379 Re: 2007 Expedition EL Limited Demo [jimk6615]
Oct 12, 2007 (6:00 pm)
Thanks, how do I find out what the x plan would cost? Also, will the dealer offer the x plan price to anyone?
#345 of 379 Re: 2007 Expedition EL Limited Demo [bb3451]
Oct 13, 2007 (3:36 am)
yuu have to know a ford employee who can give you a special price. it is usually is just below invoice. Again the way we found our last one was on the internet on ford.com. you can plug in by zipcode and get all the dealers inventory. Also, go to Edmonds.com.
P.S. Don't forget about factory incentives as well.
#346 of 379 New to this forum
Oct 28, 2007 (5:20 pm)
Well, I've been active on the Camry Hybrid forum for over a year but I'm a newbie here. Just took delivery of an 08 EB Expo. I needed something to haul my John Deere, jet skis and at times my kids and grandkids. Tried the Surburban, acceptable but expensive, the Tahoe just was not comfortable or roomy enough. I'm dreading the 14mpg, but will live with it knowing up this front before buying.
I finialy decided to lease for two years and with a 52% residual, I can buy this in two years and have less money in it than had I bought it outright now. The money factor on the lease is outstanding so I'm in effect getting the first 48% of the depreciation financed at 0.5%. Additionally I get the XPlan pricing and the $1500 in current rebates as a capital cost reduction. This way I have the option to walk away if gas is $5/gallon or I have electrical gremlins or something else that makes me regret this decision. This was the best of both options (assuming I can live with it for at least two years.
#347 of 379 2007expedition el limited loaded
Nov 05, 2007 (7:01 pm)
does anyone know the going lease price for a2007expedition el limited loaded with 3500 dollars upfront to pay for tax title tag ect
#348 of 379 Re: 2007expedition el limited loaded [kevinulms]
Nov 06, 2007 (8:24 am)
I just leased an 08EB. From everything I saw at the dealership it's actually better to lease an 08 than an 07 due to the money factor and residuals.
My 08 had a 0.5% interest rate, 2 year lease, 52% residual (3% lower due to a 19,500 mile per year milage). The price included WV property tax, sales tax added monthly and gap insurance. I ran the numbers every way I could and it was considerably cheaper for me to lease this for 2 years even with the intention of buying it at the end of the lease than it was to simply buy it up front. I'm new to leasing but getting the first 48% depreciation financed at 0.5% really makes the difference. I believe the interest rate used on the 07 was 9%. I priced a 07Surburban (salesman demo) lease and it was sky high, even after they discounted it $11,000 (53000 MSRP to 42,000 sale price).
Worked so well we also leased an 08F150 for my daughter and son-in-law. They did the 3 year lease and plan to buy later.
I liked this because if gas does indeed hit $5 I'll walk away from this and won't be $8000 upside down as I would have been in a traditional loan.
#349 of 379 Re: 2007expedition el limited loaded [wvgasguy]
Nov 06, 2007 (4:45 pm)
whats your monthly payment and how much cash did you give up front...
#350 of 379 Re: 2007expedition el limited loaded [kevinulms]
Nov 07, 2007 (11:56 am)
I don't have my papers with me but as best I can remember the monthly payment is $760 and it includes the gap insurance, state property and sales taxes, Money down was the $1500 in rebates and about $1400 (includes security deposit) The 19,500 miles/yr is a pretty big hit but I need it and if I purchase it then it really doesn't matter as I was actually able to finance even more of the depreciation at a low rate.
What really was great about the deal was I got $1000 more than I thought I would on the vehicle I had planned on trading. They bought my 4Runner at almost the "private party value" rather then trade in value.
#351 of 379 Re: Purchase Price in May 07 [mrconklin]
Nov 10, 2007 (7:26 am)
I also live in NVA, can you tell me what dealer to check with? I'm looking for an 08 Exped.
I've never leased before but it seems like it's worth doing.
#352 of 379 Re: Purchase Price in May 07 [mrconklin]
Nov 10, 2007 (4:16 pm)
I'm curious, did you lease with Ford Red Carpet lease? I looked at an 07 and found the difference in the money factor on an 08 vrs an 07 made the 08 a better deal. The 07 interest on the leasing was 9% and on the 08 it was only 0.5% (for a 2 year lease)
Could you include the deatails on your lease. IE: What interest rate did you get and what was your final "base" payment.