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Ford Explorer/Mercury Mountaineer Prices Paid and Buying Experience

219 messages, Last post on Aug 24, 2009 at 7:17 AM
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Replying to: daryll44 (Jan 22, 2008 4:43 pm) |
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Please reply to thoughts on pricing: 2008 Ford Explorer limited. 4k in dealer rebates (3k buy incentive + 1k for finance)=4k MSRP: 39650ish Adjusted MSRP: 35465 Opts: Sync/sun-sirius/Nav/power run boards/electric 3rd row fold/powered running boards....all other opts standard like 18" alum wheels and leather/ Taking off the 4k haircut I get adjusted msrp of: 35465 I was offered about 32600 with another 2k tax+tags+dest = out the door 34600 According to kbb avg price was: 33120 so I'm a littel better by about 500 dollars. Dealer invoice is listed as: 36752...guess only the 1st 3k comes off dealer invoice?? Still attempting to negotiate with multiple dealers (who I believe have now contacted each other I bid 32k "out the door" really hoping to get a little budge...got noth'n. What do you guys think? I don't believe you can look at the first price of almost 40...you have to look at it from the adjusted msrp as well as dealer invoice price. I heard a sales guy from one lot tell me they have not sold an SUV in 2 mths...not surprised with gas at almost 4 dollars a gallon. This was when I was looking at the edge....which for just a front wheel drive was more expensive than this truck. Love anyones opinion...was going for a cheaper truck...but the decked out limited is crazy on price and the Eddie Bower with equal features is close to same price. |
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Hello, I was just offered this from a local Louisville, KY dealer: 2008 Explorer Eddie Bauer V6 4WD 3rd row seat moon roof MSRP: $34335 Invoice: $32629 X-plan: $32574.43 Rebates: ($4250) Cap Cost: $28324 36 months 43% residual 2.7% money factor $451/month includes KY property tax ($26/mo) Will someone please tell me if this good enough? Should we take them up on it? THANKS!!!! |
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First, many thanks to car_man for such great information. I have been lurking these forums for several months now so I could understand money factors, residuals, and leasing in general. I am completely new to the entire leasing process. In Sunday's newspaper, I saw an ad for a 2008 V6 XLT, Keyless Entry, Pwr. Wind/Locks. Was $26,915, Now $15,995. Zero Down, 24 Mo. Lease, 10,500 mi/year, No Plan Needed, Save $10,920 Off MSRP, a $500 Gas Card, $0 Security, for $229/month. I decided this sounded way too good to be true. We've all seen the ridiculously low lease ads only to read in the small print the thousands down required... So, I contacted them and to my amazement, they stood behind their advertisement and offered me one of the vehicles. I asked if the same "deal" applied to higher end models and they indicated the would use the same discounting process. I asked about Ford's money factors and residuals for a 2008 Ford Explorer Eddie Bauer 4X4. Ford's money factor was 0.25% (no, that is not a misprint) for 24 month leases, and 2.5% for 36 month leases. Residuals for 24 month leases were 51% for 10,500 mi/yr; 50% for 12,000 mi/yr; and 48% for 15,000 mi/yr. Residuals for 36 month leases were 44% for 10,500 mi/yr; 43% for 12,000 mi/yr; and 41% for 15,000 mi/yr. Now in addition to these great lease rates, Ford is offering rebates of $5,750 for leases on Explorers. This particular dealer was looking to rid itself of the 2008 inventory, so they honored their "No Plan Needed" and offered me A-Plan pricing -- roughly 4% under invoice. Combining everything together, I just leased a 2008 Ford Explorer Eddie Bauer 4X4 V6 that listed for $33,365; purchase price of $30,080; rebates of $5,750; for 24 months; 10,500 miles for $310 + tax with no money down. I even got the $500 gas card. The only thing I did not qualify for was the Ford renewal rebate of $2500 since I did not already lease a Ford vehicle. I'm still in shock I just leased my first vehicle for less than I had been quoted on a Ford Fusion. Finally, the dealer indicated Ford Credit would be lowering its residual values tomorrow as they are reviewed quarterly, but had been extended through today. I do not know how long the 0.25% lease rate will be in effect, and the rebates allegedly end today also. Thanks again car_man! I think you helped me get a great deal. |
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| Just bought a 2008 XLT for invoice minus $6000 ($3000 loyalty, $2500 incentive, $500 for Ford financing) plus dealer handling fee of $499. The selling dealer had to pay invoice to get the vehicle from another dealer some distance away; otherwise, I could have bargained for an even lower price. We were very satisfied with our '99 XLT; this new XLT is a whole different animal in that it handles so much better, quieter, better comfort, etc. Great deals available right now, but the inventory is getting thin. Mostly the vehicles loaded with long lists of options, which you may not desire, are still on the lot. | |
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| I have an opportunity to buy a loaded 08 Eddie BAuer with 1900 miles for $19,500. Anyone know what auction prices are for these? Thanks! | |
A reporter with a large newswire would like to speak with consumers who purchased a truck or SUV in the past couple of months and received a good deal as demand was low because of gas prices. If you just purchased a truck or SUV recently, please respond to ctalati
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Replying to: KarenS (Aug 20, 2008 2:17 pm) |
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