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Ford Expedition Lease Questions

133 messages,  Last post on Jun 17, 2013 at 6:00 AM

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

    

Messages Page 9 of 14

#78 of 133 Re: $2007 cash added to $2000 lease cash? [jyoz1] by jyoz1

Aug 13, 2007 (4:11 am)

Replying to: jyoz1 (Aug 12, 2007 1:07 pm)
Sorry what I meant to say was that GM does NOT offer the $2000 rebate they advertise to people who lease the Tahoe.

#79 of 133 Re: $2007 cash added to $2000 lease cash? [jyoz1] by hardhawk

Aug 13, 2007 (5:08 am)

Replying to: jyoz1 (Aug 12, 2007 1:07 pm)
I don't think the $2007 can be added to the $2000 lease cash on the Ford. The Ford web site shows the $2000 for leases and the $2007 for purchases.

#80 of 133 Re: Expedition lease price [mavericknole] by Car_man HOST

Aug 28, 2007 (3:51 am)

Replying to: mavericknole (Jul 25, 2007 11:33 am)
Hi mavericknole. Let's work up a lease payment on the truck that you are interested in and see what we come up with. I will use a selling price of $500 over invoice minus the $2,000 lease cash that is currently available on it. According to my calculations, if you were to lease a 2007 Ford Expedition Eddie Bauer 2WD that has an MSRP of $40,055 and a selling price of $36,638 through Ford Credit right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $542.
 
Car_man
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#81 of 133 Re: 2008 Exped Limited EL 4x4 lease [antnec] by Car_man HOST

Aug 28, 2007 (4:02 am)

Replying to: antnec (Aug 12, 2007 7:04 am)
You're very welcome, Anthony. Wow, $1,000 per month is way too much money to pay to lease any Ford product. Heck, you can lease a BMW 7-Series for less than that. I personally would pass on this deal.
 
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
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#82 of 133 About to sign a lease - I think by goodyedmunds

Aug 31, 2007 (7:58 am)

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.

#83 of 133 Re: 2008 Exped Limited EL 4x4 lease [Car_man] by antnec

Sep 11, 2007 (8:14 pm)

Replying to: Car_man (Aug 28, 2007 4:02 am)
Hello Car Man
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

#84 of 133 RCL Residuals - 08 Expy by rob052067

Sep 13, 2007 (10:17 am)

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!

#85 of 133 Car Man please help Lease questions 2007 Expedition 4X4 XLT by macsnjets

Sep 16, 2007 (8:27 am)

Hi Car man, I'm looking to lease an Expedition in the Northeast. I have in mind an 4x4 XLT with a MSRP of $39,875.00. Hypothetically speaking if I can get the price to 34,500 including discounts, incentives and negotiations and lease for 39 months(& 39000miles) what can I expect the figures to be ? I'm coming up with a monthly payment of $463 (without doc fees and tags, etc) using a residual of 47%, money factor of .00104, 7% sales tax and a down payment of $1000. How far off am I with my figures ?
 
Thank you

#86 of 133 2008 Expedition Limited by gonecruzan

Sep 21, 2007 (5:23 am)

Hey Carman, I'm back. My lease of my '06 EB Explorer is up in Nov. and I am ready to move on. I am looking to go a little bigger as I am 6'2 and the explorer is not as big as I would like it to be. Soooo, that being said. I am looking at 2008 Expedition Limited 4x4 with 2 options only. Navigation and rear bucket seating. The total MSRP is $44.670 with a Dealer invoice of $41,106. I am looking to lease this with 10k miles a year allowance. Now my question is this. On my explorer, I only have 14k when my allowance was 21k. Can I use any of that towards the deal? Thank you for your time carman. This forum is great!

#87 of 133 Leasing an Expedition by dylcon

Oct 13, 2007 (6:38 pm)

Hi car man, I could use a little help here. I'm looking at leasing a 2008 Limited 4x2 and narowed it to 2:
 
I'm looking at 36 months, with 10K miles per year...zero down.
 
 -MSRP $46,265. with final (x plan) selling price at $40,681.
 
-2nd choice vehicle....same terms... MSRP $43,775 with selling price of $38,416.
 
Would I save much by going out to 39 months?
 
Thanks.

Messages Page 9 of 14

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