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Ford Expedition Lease Questions

132 messages,  Last post on Apr 21, 2013 at 3:29 PM

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

    

Messages Page 10 of 14

#83 of 132 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 132 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 132 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 132 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 132 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.

#88 of 132 post 83 by antnec

Oct 17, 2007 (9:22 am)

Car man
 
when will you be able to answer post #83
 
thanks
anthony

#89 of 132 Re: 2008 Exped Limited EL 4x4 lease [antnec] by Car_man HOST

Nov 07, 2007 (5:05 am)

Replying to: antnec (Sep 11, 2007 8:14 pm)
Hi Anthony. The truck that you described probably has a spread of around $4,700 to $4,800 between its full MSRP and its dealer invoice price. In addition to this spread, Ford is currently providing $1,000 bonus cash and $500 lease cash ($1,500 total) on it. This gives you a total of over $6,000 to play with in your negotiations. If I was in the market for this truck, I personally would want a larger discount than the $3,600 that you were quoted. I would shoot for a discount of at least $5,000.
 
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
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Prices Paid: Buying & Leasing Experiences Forum

#90 of 132 2008 expedition el limited loaded by kevinulms

Nov 07, 2007 (4:41 pm)

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 .....

#91 of 132 Re: RCL Residuals - 08 Expy [rob052067] by Car_man HOST

Nov 08, 2007 (3:07 am)

Replying to: rob052067 (Sep 13, 2007 10:17 am)
Hey rob052067. The options that a vehicle is equipped with have not impact upon Ford Credit's residual values. The only things that have affect the residual value are trim level and whether the truck that you want is 2WD or 4WD.
 
I believe that 10,500 miles per year is Ford Credit's lowest mileage option.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#92 of 132 Re: Car Man please help Lease questions 2007 Expedition 4X4 XLT [macsnjets] by Car_man HOST

Nov 08, 2007 (3:12 am)

Replying to: macsnjets (Sep 16, 2007 8:27 am)
Hi macsnjets. Let's work up a lease payment on this truck and see what we come up with. According to my calculations, if you were to lease a 2008 Ford Expedition XLT 4WD that has an MSRP of $39,875 and a selling price of $34,500 through Ford Credit right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $465. As you can see, this is pretty close to the payment that you came up with yourself.
 
Car_man
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Messages Page 10 of 14

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