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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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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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Replying to: Car_man (Aug 28, 2007 3:02 am) To answer your questions in addition to every number the dealer gave me that is figured in the prices below. So here we go, thanks again 2008 Ford Expedition 4x4 EL (600A order code) everything below is in the purchase price of $46,673.08 from the dealer's "VEHICLE ORDER CONFIRMATION" SHEET Skid Plate Daytime running lights Power moonroof rubber floor mats rearview camera trailer tow navigation chrome rack with cross bars power lift gate rear seat entertainment 8 U.S. Gal gas charge $24.08 FDAF assessment $578 Dest and Deliver $900 all for $46,173.08 plus $500 his commission = 46,673.08 and an additional 25 gallons of gas (full tank on delivery is in this price) now he gave me a copy of the "Deal Worksheet" with the following numbers from his Lease Work sheet from Ford's dealer website FIRST COLUMN Lease Source - RCL Price -$46,740.00 ($66.92 more then his quote price) trade in amt - $0.00 trade in payoff - $0.00 cash down - $0.00 (no check mark in the box next to this number) Rebates -$500.00 (no check mark in the box next to this number) Lease Rate - 1 Term -24 payment per yr - 12 next payment due MSRP - $50,420.00 other - $0.00 SECOND COLUMN Insurance -none credti life -none 0.00 (a check mark in check box) credit A/H -none 0.00 (a check mark in check box) ext. srv -none 395.00 (Red Carpet Lease wear care) (check mark in check box) ext. srv plan code- blank garage location Mileage Allowed -15,000 (.20 mile over 30,000 at the end of 24 months) mileage purchase - 0 mileage cost -$0.15 THIRD COLUMN residual % 56 - $28,235.20 sales tax% 8.375 - $1,844.58 (check mark in check box) property tax - 0.00 (no check mark in box) luxyrt tax - 0.00 (no check mark in box) office fees - $57.50 (no check box available) title/reg - $45.00 (check mark in check box) license/lien - 0.00 soft adds - 0.00 ACQ Fee - $595.00 (what is this) (check mark in check box) security deposit - $0.00 TWO BOXES DOWN AT THE BOTTOM SAID amount due at signing ------- monthly payment $1,40.09 ------- $903.09 I would also get any additional rebates at the time the car was delivered if anything better was in affect at the time of delivery. which he was told by his rep that these cars are "FREE WHEELING", built in 4 weeks and up to 2 weeks to deliver. Not unless if ordering the power running boards the built time could be doubled. Also if he was to order this car he would need a $500 deposit that would be applied to the $1,403.09 so all I need at pick up is $903.09 he also told me if I order this in silver and were to change my mind he would give the $500 deposit back, if I ordered any other color I would lose the deposit. so happens I like the silver car anyway. So is this a deal worth going for? Is this dealership giving me more info that usual? Is Ford strict when they evaluate the car at the end of the lease? The dealer said Ford wants you back so they are somewhat lenient. He wasn't pushing the Red lease care package. But Ieft it in for now. (I am planning on buying car seat covers with 4 car seats in the car) I noticed he used the Residual valvue against the MSRP price is the correct? Which number did he get the tax of $1,844.58 from? ACQ Fee do you know what that is for? Also I found strange is that he told me in writing .20 cents per mile over 30K at the end of 24 months and another dealer told me .25 cents a mile over $30,000 at the end of the 24 months. Who is correct? This is every piece of info that I have from the dealer, he gave me all print outs off the computer from Ford's dealership website. Hope I gave you all the info you need to determine if the $903 is good or not? Is this dealer on the level with everything he supplied? what would the payment be if I was to put 1,000 or 2,000 down? Thanks again Anthony bx, ny
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CarMan, Aside from the residual differences between 2WD and 4WD models, does FMC have any other adjustments to the residual percentage based on vehicle features? My main question is if there are any residual deductions on XLT models with the front split-bench seat and/or no 3rd row seat? Also, what's residual bump for mileage lower than 10k vs 12k/yr? Is there an 8k option? Thanks!
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