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Ford Explorer/Mercury Mountaineer Prices Paid and Buying Experience

212 messages,  Last post on Aug 22, 2008 at 5:39 AM

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What is this discussion about? Ford Explorer, Mercury Mountaineer, SUV

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#206 of 212 2008 Ford Explorer Eddie Bauer 4X4 V6 by wmspin Jul 07, 2008 (4:48 pm)
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.
#207 of 212 2008 XLT purchase by waygrabow Jul 19, 2008 (1:33 pm)
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.
#208 of 212 2008 Eddie BAuer by formulavee Aug 11, 2008 (3:26 pm)
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!
#210 of 212 Press Request by KarenS HOST Aug 20, 2008 (3:17 pm)
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 ctalatiedmunds.com with your daytime contact information no later than Monday, August 25th. Replies to this message: jsakabuck (Aug 22, 2008 5:39 am)
#212 of 212 2009 Explorer by jsakabuck Aug 22, 2008 (5:39 am)
Replying to: KarenS (Aug 20, 2008 3:17 pm) I love my 1995 Explorer and I'm ready to upgrade to a new one. But, I'm having difficulty finding one. You see, I have never had a desire and/or need for a third row seat. Unfortunately, ever Ford dealer I visit tells me that I would be hard pressed to find an Explorer on a lot without a third row seat, and that I'd have to order one without the seat. I've visited Ford's website and built my new Explorer and have searched dealer inventories online for just the vehicle I want, but none are available without a third row seat. I love the space of the Explorer, but can't see toting around the excess weight of the third row seat. Being the end of the model year, that puts me out of luck at finding a great deal on a leftover '08. So my question is, when are the '09's going to be available? Anyone have any insight into timing for an '09?

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