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Ford Expedition Lease Questions

132 messages,  Last post on Apr 21, 2013 at 3:29 PM

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What is this discussion about? Ford Expedition, Car Leasing, SUV

    

Messages Page 5 of 14

#39 of 132 Re: Looking for 2007 Expedition XLT Lease in Dallas/FW, Texsa [] by Car_man HOST

Dec 04, 2006 (3:34 am)

Replying to: unknown (Nov 18, 2006 5:28 pm)
Unfortunately what you were told is correct. Ford is not currently offering much in the way of incentives on the 2007 Expedition in your area right now. If I was in the market for an Expedition right now, rather than leasing a 2007 model I personally would try to find a dealer that has a leftover 2006 model and either finance it through Ford Credit or an independent bank. If you finance an '06 Expedition through Ford Credit you can do so at an amazing 0% for 6 years and get a $1,000 cash incentive. If you finance it through an independent bank you can take advantage of $5,000 customer cash. This is the route that I would go if I was in your situation. I would be happy to work up a sample lease payment on the exact '07 Expedition that you are considering for you, however in order for me to do so I need you to provide me with its full MSRP and approximate selling price.
 
Car_man
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#40 of 132 Re: Which one makes sense [ccap] by Car_man HOST

Dec 04, 2006 (3:43 am)

Replying to: ccap (Nov 30, 2006 7:34 pm)
You definitely have the right idea about not making a large down payment when leasing, ccap. Consumers who make one risk losing it if their vehicle is totaled or stolen. As I just mentioned to the previous poster, Ford is not currently offering much in the way of incentives on the 2007 Expedition in your area right now. If I was in the market for an Expedition right now, rather than leasing a 2007 model I personally would try to find a dealer that has a leftover 2006 model and either finance it through Ford Credit or an independent bank. If you finance an '06 Expedition through Ford Credit you can do so at an amazing 0% for 6 years and get a $1,000 cash incentive. If you finance it through an independent bank you can take advantage of $5,000 customer cash. This is the route that I would go if I was in your situation. If I had to go with an '07 model, I personally would probably still be inclined not to lease right now.
 
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#41 of 132 Re: Which one makes sense [Car_man] by ccap

Dec 05, 2006 (12:45 pm)

Replying to: Car_man (Dec 04, 2006 3:43 am)
Thanks for the reply Car_Man,
 
I was getting $1,000 cash back that I was putting towards the lease. He is selling me the car for $800 over invoice. 1.5% rate with 51% residual equals 558 plus sales and excise.
 
Not a good deal???

#42 of 132 07 EL Limited Lease Numbers by cwa318

Dec 29, 2006 (10:15 am)

Car Man......
 
Do you have the current or perhaps the January lease information for Expedition EL Limited? Looking for 36 mon 15k...Thanks

#43 of 132 Re: Which one makes sense [ccap] by Car_man HOST

Jan 11, 2007 (3:38 am)

Replying to: ccap (Dec 05, 2006 12:45 pm)
You're welcome, ccap. $800 over invoice minus any available cash incentives is a decent deal on an Expedition. Take the $1,000 that you are getting back and use it to pay the charges that you will have to pay at lease signing, like your truck's first month's payment, security deposit, and acquisition fee.
 
Car_man
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#44 of 132 Re: 07 EL Limited Lease Numbers [cwa318] by Car_man HOST

Jan 11, 2007 (3:41 am)

Replying to: cwa318 (Dec 29, 2006 10:15 am)
Hi cwa318. This truck's lease program varies by region. It is better in the New York and Detroit areas than it is in the rest of the country. In most of the country, Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Ford Expedition EL 4WD with 15,000 miles per year are 2.5% and 48%, respectively.
 
Car_man
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#45 of 132 2007 Expedition Leases in Iowa by iaudi

Jan 17, 2007 (7:19 am)

Carman,
 
I am looking at a 2007 Ford Expedition and I live in Des Moines, Iowa. Here are the details: I am curious the residual and money factor(%)for a 36 month lease.
 
2007 Ford Expedition Eddie Bauer
MSRP: 46,220
2000 down
probably 1500 trade in
I am hoping to finance around 40,000.
 
Thanks for your help

#46 of 132 Lease questions for 2007 Expedition Ltd. by macltdk

Jan 28, 2007 (12:31 pm)

I'm in S.E. PA and yesterday was quoted invoice price of $44,651 ($48,890 MSRP) on a 4x4 Expedition Ltd. plus $1,000 cash back plus $6,000 trade on my van. Based on what I've read in your forum I'd like to keep down money to as little as possible. What factor/payment can I expect thru Ford for a 36 month lease w/15k miles? I don't mind putting the $1,000 cash back toward capitalized cost or first payment, but would prefer to keep the trade-in cash. Any thoughts? Thanks a lot.

#47 of 132 Re: 2007 Expedition Leases in Iowa [iaudi] by Car_man HOST

Feb 05, 2007 (3:38 am)

Replying to: iaudi (Jan 17, 2007 7:19 am)
Hi iaudi. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Ford Expedition Eddie Bauer 4WD leased in your area with 15,000 miles per year are 2.5% and 48%, respectively. As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents b dividing them by 2400.
 
I see that you are considering putting several thousand dollars down on the Expedition that you want to lease. I always advise consumers against making down payments on leased vehicles. I do so because if your leased vehicle is totaled in an accident or stolen and never recovered, your down payment essentially disappears. There's nothing wrong with trading in your current vehicle when you lease your new one, just have the dealer that you're working with cut you a check for any equity that you have in it rather than using the proceeds as a down payment for your lease.
 
Car_man
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#48 of 132 Re: Lease questions for 2007 Expedition Ltd. [macltdk] by Car_man HOST

Feb 05, 2007 (3:47 am)

Replying to: macltdk (Jan 28, 2007 12:31 pm)
Hi macltdk. Dealer invoice minus the $1,000 lease cash that is available in your area is a great price for lease of a 2007 Ford Expedition right now. I believe that Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Ford Expedition Limited 4WD with 15,000 miles per year are currently 2.5% and 47%, respectively in your area. Using these numbers, an MSRP of $48,890, and a selling price of $43,651 (dealer invoice minus the $1,000 lease cash), I estimate that this truck's zero down, pre-tax monthly payment should be around $644.
 
You have the right idea about your trade. You are better off having the dealer cut you a check for it than using the proceeds as a down payment on your lease.
 
Car_man
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Messages Page 5 of 14

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