Last post on Aug 10, 2013 at 2:19 PM
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Ford Expedition, Car Leasing, SUV
#46 of 135 Lease questions for 2007 Expedition Ltd.
Jan 28, 2007 (11:31 am)
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 135 Re: 2007 Expedition Leases in Iowa [iaudi]
Feb 05, 2007 (2:38 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.
Prices Paid Forum
#48 of 135 Re: Lease questions for 2007 Expedition Ltd. [macltdk]
Feb 05, 2007 (2:47 am)
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.
Prices Paid Forum
Feb 06, 2007 (12:46 pm)
X plan less a grand, lease rate 1% and 47% for rv with 15,000 miles. quoted $620 for lease.. does this look reasonable
#50 of 135 2007 Ford Expedition 4x2 Limited EL Lease Port St Lucie, FL
Feb 09, 2007 (3:49 pm)
Hi, I'm currently in the market to release again. I was quoted 2500.00 down, $635 monthly, 15K miles, 39 months from one Ford dealer, for the same exact vehicle another ford dealer offered 4700 down, $697 monthly same mileage and term. Possible to get it lower than the 635.00?? Neither dealer has offered any rebates, yet this would be our 4th lease with Ford. Any advice?? I think i'm being hagggled by these salesmen. Please help.
#51 of 135 Re: nj area [chucky380]
Feb 27, 2007 (4:01 am)
Hi chucky380. You're getting the Expedition that you're interested in for a great price, Ford's always attractive X-Plan price minus the $1,000 lease cash that is currently available on it. The 1% lease rate that you were quoted for this truck is right in line with Ford Credit's current program for it in your area. If you like the truck, I personally don't see any reason not to pull the trigger on this deal.
Prices Paid Forum
#52 of 135 Re: 2007 Ford Expedition 4x2 Limited EL Lease Port St Lucie, FL [cromano]
Feb 27, 2007 (4:14 am)
Hi cromano. You never mentioned the selling price or MSRP of the Expedition that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
Prices Paid Forum
#53 of 135 07 Expedition EL EB 2w Lease, Rock Hill SC
Mar 01, 2007 (9:45 pm)
I live in SC (10 miles from NC), and am looking to lease a 07 Expedition EL Eddie Bauer 2wd, 36mon 12k miles yr. MSRP was $46405, but they are quoting me $98 over invoice ($42682.84) total $42780.84. 3.75%, w factor of .50, payment $663.79. with $1689.79 upfront. How do I determine if this is a good deal? I have copy of invoice that shows hold back of $1370, A&Z Plan $, D Plan $ and X Plan amount. What does all this mean? They didn't mention any incentives. Are they keeping any cash backs deals and not letting me in on it?
#54 of 135 Re: nj area [Car_man]
Mar 05, 2007 (12:04 pm)
thanks.. have u ever heard of there being a tax on rebates?
#55 of 135 Re: nj area [chucky380]
Mar 13, 2007 (10:20 am)
You always pay sales tax on the sale price before rebate then the rebate is applied to that price. At least that is the way it has always been here in Kansas. Always sort of hit me wrong, but that is the way it has always been.