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Prices Paid: Buying & Leasing Experiences Ford Expedition Lease Questions
120 messages, Last post on Dec 02, 2008 at 6:03 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Car Man, I am trying to figure out what a lease package would be with the numbers listed below… I was thinking that since it is a 2007 that the selling price should be around $34,500 to $35,000 after rebate. Please let me know you thoughts and what the average lease price would be on the vehicle listed below. Base the lease package on 3 year / 36,000 miles... Thank you…Any help would be greatly appreciated 2007 Ford Expedition Eddie Bauer 2WD MSRP $40,055 INVOICE $38,138 Rebate ($2007) Total $36,131.00
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Shopping comparable full-size SUVs. Expedition Ltd w/DVD,Navi,Moonroof, Trailer package. MSRP $46,315. $1500 cap cost red., 10500 miles, 36 months - lowest dealer quote $583.48 including tax. Seems like a decent deal, if not out-of-line according to Edmunds TMV and lease calc. Anyone know dealer inputs (money factor/depreciation)?
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Replying to: philly70 (Aug 08, 2007 4:26 am) |
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Replying to: Car_man (Sep 20, 2006 2:40 am) thanks for all the info the car will be leased from either a NE Pa. NJ, NY or Ct. dealer 2008 Expedition Limited EL 4x4 MSRP 50,275 24 month 19,500 no money down 1,029 a month out the door (including tax and title etc) he didn't mention a security deposit he told me the Value would be 52% from 56% due to losing 1% for every 1,500 miles over 15,000 vs a 2007 at 52% - 4% due to mileage and a 2,000 rebate the value is 52% of what ever I pay for it in this case it is rated on $50,275? Money factor was 1% if I divide this 1% by 2400 I get 0.0000041666666667 is this the correct number to use? Does the dealer get a holdback for a customer ordered car? This dealer is also a Certified Blue dealer. He also told me that he was sure that he will give the best price around. I don't know how much if he did take off, since I just wanted to get an idea of lease payments and I didn't even start neg. price. So just wondering if I'm using the numbers correctly 52% of what and finding the money factor so I can plug those numbers in and do it myself thanks Anthony Bronx NY
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Carman: I saw in an early post (FLETCH58) that you had said that the Ford $2007 rebate cash may also be able to be added to the $2000 lease cashback, is this true? I was about to sign on the dotted line for a 2007 Tahoe, but GM does offer the $2000 rebate they advertise to people who lease the Tahoe. Needless to say not very happy about this, and it will be a dealbreaker. Please let me know if the offers can be combined. Thank you
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Replying to: jyoz1 (Aug 12, 2007 12:07 pm) |
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Replying to: jyoz1 (Aug 12, 2007 12:07 pm) |
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Replying to: mavericknole (Jul 25, 2007 10:33 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: antnec (Aug 12, 2007 6:04 am) I was just looking at '08 Expedition EL pricing and I was having a hard time finding one that would have an MSRP of $50,000. How is this truck equipped? Regardless of how it is equipped you need to find out what this truck's selling price is. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without knowing what this truck's selling price is, it is difficult to tell how good a deal you are getting on it. Ford Credit's current base lease rate for a 24 month lease of a 2008 Ford Expedition EL Eddie Bauer AWD is only 1.0%. 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 by dividing them by 2400. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Car Man - long time reader, first time poster - I could use some specific help now, beyond all of the general help I've had in the past I've been back in forth on the '08 Tahoe and the '08 Expedition. The Expedition proposal that I am closest to right now is as such: The dealer's MSRP quote on the '08 Limited built out the way I want matches the Edmunds built out MSRP of $47,910. The dealer tells me that he is selling at invoice to me, which he quotes as $44,200. Even if I add in the $300 for the chrome grill they are putting into the Limited (you can't order it as an option from the factory and we don't like the body color grill) he is still a little north of the Edmunds invoice quote. So be it for now: Can you offer an opinion on the whole package: MSRP $47,910 (or $48,210 if you want to add the grill here) Invoice quote of $44,200 12m miles/$634 a month/and a $2,500 check for whatever else (inceptions, cap cost, I don't think I care how they use it do I) The uncomfortable part is that he is telling me that the program can change by the time the truck gets delivered - say mid to late October. How does anyone sign on for that? I think I know my payments but then they change when I actually get it? He says the current program is a $500 rebate, 3.25%, and a 48% residual. I'll take anyone's advice - thumbs up or down? Many thanks. For what it's worth this is being done in Central/Northern New Jersey. |
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