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Ford Expedition Lease Questions

120 messages,  Last post on Dec 02, 2008 at 6:03 AM

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

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#89 of 120 Re: 2008 Exped Limited EL 4x4 lease [antnec] by Car_man HOST Nov 07, 2007 (4:05 am)
Replying to: antnec (Sep 11, 2007 7:14 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 Host Prices Paid: Buying & Leasing Experiences Forum
#90 of 120 2008 expedition el limited loaded by kevinulms Nov 07, 2007 (3:41 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 120 Re: RCL Residuals - 08 Expy [rob052067] by Car_man HOST Nov 08, 2007 (2:07 am)
Replying to: rob052067 (Sep 13, 2007 9:17 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 Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: rob052067 (Nov 16, 2007 2:37 pm) Car_man (Dec 27, 2007 2:21 am)
#92 of 120 Re: Car Man please help Lease questions 2007 Expedition 4X4 XLT [macsnjets] by Car_man HOST Nov 08, 2007 (2:12 am)
Replying to: macsnjets (Sep 16, 2007 7:27 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 Host Prices Paid: Buying & Leasing Experiences Forum
#93 of 120 Re: 2008 Expedition Limited [gonecruzan] by Car_man HOST Nov 08, 2007 (2:20 am)
Replying to: gonecruzan (Sep 21, 2007 4:23 am) I'm glad that you enjoy this forum so much, gonecruzan. Unfortunately, chances are that you will not be able to take advantage of the fact that you are way under your Explorer's mileage limit. In order to do so, it much be worth significantly more on the open market than your purchase option for it. This is usually not the case, especially with domestic vehicles. If it was, you could trade it in or purchase it and sell it privately.   In order to determine whether you should purchase your vehicle at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your truck's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.   As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values".   If you believe that your Explorer is worth significantly more than it would cost you to purchase it, then you might want to consider trying to profit from its low mileage. If not, then just walk away at the end of your lease.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#94 of 120 Re: Leasing an Expedition [dylcon] by Car_man HOST Nov 09, 2007 (2:12 am)
Replying to: dylcon (Oct 13, 2007 5:38 pm) Hi dylcon. Let's see just how much going with a 39 month lease instead of 36 months will lower this truck's monthly payment. According to my calculations, if you were to lease a 2008 Ford Expedition Limited 2WD that has an MSRP of $46,265 and a selling price of $40,681 through Ford Credit right now for 36 months with 10,500 miles per year, your zero down, pre-tax monthly payment would be around $561. The payment for an otherwise identical 39 month lease would be around $553. So it looks like you're looking at a savings of only $8 per month.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#95 of 120 Re: RCL Residuals - 08 Expy [Car_man] by rob052067 Nov 16, 2007 (2:37 pm)
Replying to: Car_man (Nov 08, 2007 2:07 am) Thanks!! Replies to this message: Car_man (Dec 27, 2007 2:21 am)
#96 of 120 Hoss5 by hoss5 Nov 21, 2007 (7:23 pm)
I'm interested in an Expedition EL. I am considering lease vs. purchase. I've looked at a 2007 Expedition EL demonstrator. It has 10,500 miles. The invoice is $43,500 or thereabouts. The purchase price is $41,500 or thereabouts. We have a 2004 Excursion (clean) with 87,000 miles. The dealer only wants to allow me $10,500 on a trade-in. I understand the 66 months, 0% financing on a purchase, however, don't fully understand the intricacies of a Red Carpet Lease as to the residual and the like. Please advise. Replies to this message: wvgasguy (Nov 22, 2007 7:38 pm) Car_man (Dec 27, 2007 2:24 am)
#98 of 120 Re: Hoss5 [hoss5] by wvgasguy Nov 22, 2007 (7:38 pm)
Replying to: hoss5 (Nov 21, 2007 7:23 pm) If you're already trading an 04 then you probably won't get the full advantage of a 0% financing on the 07. Those deals really only save you the full amount when you indeed keep the vehicle for the life of the loan. Typically if you trade every 2 or 3 years take the rebates,   I found the leases complicated but had 2 dealers explain it because it seemed too good to be true. Was better off with an 08 rather than an 07. The fact that this is an 07 with miles may hurt you in trying to lease it.   The advantage I had with the lease is that you still get the rebates but the lease financing was only 0.5% on my loan. With a 2 year residual of 52%, that means I'm basically financing half of the vehicle close to 0% anyway. Comparing the lease to a loan from my Credit union, I actually can lease and then buy a lot cheaper than just buying.   0% is a good thing but don't try to fool yourself if you know you're going to trade in a few years. In two years your 07 will be 3 years old and worth about 45% of MSRP.   If you don't believe that how about the $10.5 they are offering you now?   Also with 87K miles on an 04, I'm guessing you drive a lot and that could be pretty expensive on a lease. I have the max at 19,500 miles per year and anything over that is 20 cents a mile (unless I buy it)

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