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Ford Expedition Prices Paid and Buying Experience

354 messages,  Last post on Apr 29, 2008 at 5:55 AM

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What is this discussion about? Ford Expedition, SUV


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#347 of 354
2007expedition el limited loaded by kevinulms
Nov 05, 2007 (7:01 pm)
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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 354
Re: 2007expedition el limited loaded [kevinulms] by wvgasguy
Nov 06, 2007 (8:24 am)
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Replying to: kevinulms (Nov 05, 2007 7:01 pm)

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 354
Re: 2007expedition el limited loaded [wvgasguy] by kevinulms
Nov 06, 2007 (4:45 pm)
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Replying to: wvgasguy (Nov 06, 2007 8:24 am)

whats your monthly payment and how much cash did you give up front...
#350 of 354
Re: 2007expedition el limited loaded [kevinulms] by wvgasguy
Nov 07, 2007 (11:56 am)
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Replying to: kevinulms (Nov 06, 2007 4:45 pm)

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 354
Re: Purchase Price in May 07 [mrconklin] by roger341
Nov 10, 2007 (7:26 am)
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Replying to: mrconklin (May 17, 2007 1:30 am)

Mr conklin-
 
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.
 
Thanks
#352 of 354
Re: Purchase Price in May 07 [mrconklin] by wvgasguy
Nov 10, 2007 (4:16 pm)
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Replying to: mrconklin (May 17, 2007 1:30 am)

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.
#353 of 354
Current Incentives? by rwarrencfp
Jan 10, 2008 (6:14 pm)
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I am considering a 2007 Exp EB 4x2 and a 2008 Exp EB 4x2. I know that the cash back on the 2007 is now $3500 vs $2500 for the 2008 until March 31st. Are there any additional incentives being paid to the dealer on the 2007? Is there any incentive for a returning RCL customer in addition to the ones above?
 
Thanks
#354 of 354
Whats ye're thoughts on this price? by deasun
Apr 29, 2008 (5:55 am)
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Just ordered a 2008 limited EL 4x4 with near everything but;
Heavy Tow Pkg, DVD Ent., Navigation GPS thingy.
$100 under the dealer invoice and then we get the $3500 rebate on top of that.
% rate is gona be around 5.3 to 4.9 for the financing.

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