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Prices Paid: Buying & Leasing Experiences Ford Expedition Lease Questions
118 messages, Last post on May 31, 2008 at 7:17 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Aug 28, 2007 4:02 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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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
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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!
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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.
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Car man when will you be able to answer post #83 thanks anthony |
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Replying to: antnec (Sep 11, 2007 8:14 pm) The lease rate that you were quoted for this truck looks about right to me. Vehicles' residual values are always calculated as a percentage of their full MSRPs. The acquisition fee is OK as well. Ford Credit charges a $595 acquisition fee on every vehicle that it leases. I have never personally leased a vehicle through Ford Credit, but I have never seen anyone complain about them being unusually strict when evaluating vehicles for excess wear and teat at lease-end. I have found that most manufacturers' captive finance companies are very reasonable when evaluating the lease-end condition of vehicles. If I was leasing this truck, I personally would pass on any additional excess wear and tear coverage. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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| does anyone know what the going lease rate for an 08 el limited loaded would be for 3 years 36000 miles with 4000 thousand up front ..... | |
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Replying to: rob052067 (Sep 13, 2007 10:17 am) I believe that 10,500 miles per year is Ford Credit's lowest mileage option. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: macsnjets (Sep 16, 2007 8:27 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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