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Ford Explorer Lease Questions

610 messages,  Last post on Jun 07, 2013 at 8:27 AM

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

    

Messages Page 16 of 62

#142 of 610 Need answers on a LEASE in general....good or bad? by shopchic956

Apr 12, 2006 (12:11 pm)

Hi! I have always bought and never leased, I am thinking of leasing a ford explorer eddie bauer or limited..... Please tell me the ins adn outs of leasing...someone! please...lol I have posted before with no response. I have a chevy blazer Id like to trade...2001, 80,000 miles, very good shape. I also wonder witha lease do you have to carry more insur? and what if you get dings dents etc, how are you liable??? do they take you for a killin on those types of things with a lease?? lol thank you so much. feel free to email me at shopchic956yahoo.com with Re Ford Explorer Lease in sub line..thank you !!!

#143 of 610 Lease figures for 2006 EB by sstoyko

Apr 14, 2006 (6:03 pm)

I am having the internet manager at my local Ford dealership work-up a lease payment for the following:
 
2006 Ford Explorer Eddie Bauer 4x2
 
MSRP: $32,775
X-Plan: $30,180
Incentive: -$2,000
Cap Cost: $28,180
 
What can I expect on either a 24 or 36 month lease with 15k miles? 0 Down (other than first months)
 
Thanks,
Stephen
Atlanta, GA

#144 of 610 Re: Mercury Mountaineer Premier [cwakefield] by Car_man HOST

Apr 23, 2006 (7:23 am)

Replying to: cwakefield (Mar 09, 2006 5:30 am)
Hey cwakefield. The "down payment match" program is only for Ford products. Lincoln / Mercury is running a similar, but slightly different promotion right now called the "Signature Sign & Drive Event." This program will waive the first month's payment on deals through Ford Credit. If you lease a Mercury product right now, your first month's payment, up to a maximum of $750, will be free.
 
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#145 of 610 Re: Ford Explorer: Lease Questions [shopchic956] by Car_man HOST

Apr 23, 2006 (7:34 am)

Replying to: shopchic956 (Mar 09, 2006 11:27 am)
Welcome Karen. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In your post that you mentioned you want to get $2,000 to $3,000 out of your Blazer for a down payment on your lease by trading it in. There's absolutely nothing wrong with trading in a vehicle when leasing, but make sure to have the dealer that you are working with cut you a check for your truck rather than using the proceeds rom it as a down payment on your lease. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Explorer would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all.
 
Ford is no longer leasing 2005 models. This is often the case late in the model year. The way leases work, vehicles' residuals gradually fall as the model year progresses. The lower a vehicle's residual value is, the more expensive it is to lease. The later in the model year it is, the more expensive it becomes for manufacturers to provide attractive lease payments on vehicles. So, at some point manufacturers stop leasing leftover vehicles and just provide cash incentives on them instead. If you want to lease, you will have to go with a 2006 model at this point.
 
Let me know if you have any other questions.
 
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#146 of 610 Re: Mercury Mountaineer Premier [cwakefield] by Car_man HOST

Apr 23, 2006 (7:46 am)

Replying to: cwakefield (Mar 17, 2006 2:28 pm)
Hello cwakefield. Different states have different tax rules, so taxes are a difficult thing to generalize about. Having said this, I'll do an anyhow . Generally speaking, customer cash incentives (including lease cash) are taxable, but dealer cash incentives are not because they are considered a manufacturer price adjustment.
 
I believe that Ford Credit charges a security deposit on most vehicles. The only way that I could see them waiving yours is if you are currently leasing a vehicle through Ford Credit. You would be much better off paying a security deposit than wasting your money on "Wear Care" protection.
 
Doc fees vary from dealer to dealer. Some dealers do not charge any, while others have ones that are several hundred dollars. Dealers are definitely not required by law to charge this fee. What your salesperson might have meant is that if a dealer charges one person this fee, everyone has to pay it. If you don't want to pay it and the dealer won't waive it, just have them lower the price of your truck by the same amount. You can either have this fee added into your truck's capitalized cost or pay it at signing, just make sure that you don't somehow do both.
 
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#147 of 610 Re: 2006 Explorer EB $299 lease [mtyler] by Car_man HOST

Apr 23, 2006 (7:53 am)

Replying to: mtyler (Mar 23, 2006 9:41 pm)
Hi Michelle. Ford Credit actually does not use lease money factors. Instead it publishes lease rates for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. The Explorer's lease program varies quite a bit depending upon which one of Ford's many regions one is in. In order for me to give you an accurate idea of what this truck's current lease program is, I need you to tell me what state you are in.
 
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#148 of 610 Re: Lease Contract (Dealer Troubles) [allnew3] by Car_man HOST

Apr 23, 2006 (8:03 am)

Replying to: allnew3 (Apr 10, 2006 7:16 am)
I'm sorry to hear about the problem that you are having with this lease, allnew3. You were smart to take a close look at your new contract before signing it. This dealer isn't absorbing the cost of their mistake if they are trying to lower your mileage allowance for your lease. I definitely would not let them do this. If they promised you 12,000 miles per year at this price, that's what you should get. Let them figure out how to do it, but make sure your lease payment, the length of your lease, and your mileage allowance stay the same.
 
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#149 of 610 Re: New York Metro Explorer Limited [wregan] by Car_man HOST

Apr 23, 2006 (8:10 am)

Replying to: wregan (Apr 11, 2006 3:34 pm)
You're welcome, wregan. If you were to lease a 2006 Ford Explorer Limited V8 4WD through Ford Credit in the New York area right now for 36 months with 10,500 miles per year, its base lease rate and residual value should be 2,5% and 48%, respectively. When negotiating the capitalized cost of the Explorer that you want to lease, don't forget about the $2,500 lease cash and down payment match offer (up to $1,000) that Ford is currently providing on it in your area. These incentives will help you to negotiate an attractive capitalized cost.
 
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#150 of 610 Re: Lease figures for 2006 EB [sstoyko] by Car_man HOST

Apr 23, 2006 (8:18 am)

Replying to: sstoyko (Apr 14, 2006 6:03 pm)
Hi Stephen. Thanks for posting what part of the country you are in. This is very important with leases of Ford models because Ford's lease program often varies quite a bit from area to area. Let's calculate a lease payment on the truck that you are considering and see what we come up with. According to my calculations, if you were to lease a 2006 Ford Explorer Eddie Bauer 2WD with an MSRP of $32,775 and a capitalized cost of $28,180 through Ford Credit in the Atlanta area right now for 24 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $460. The payment for an otherwise identical 36 month lease should be around $441.
 
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#151 of 610 New Guy Here by exploring06

Apr 27, 2006 (8:36 am)

Carman,
I've read a lot of posts and it seems they all vary. So here's my deal. Please let me know if it sounds right.
State NJ. 06 Explorer ED V8, Moonroof, 3rd row.
12K miles / 24 months lease
MSRP - $36,025 Includes Dest charge. ($645)
X-Plan $32,900
Incentives $2500 + $1000 match
Residual .58
Total Out of Pocket $3,000
Payment $334. Buy at end for $21,000. Is residual based on MSRP or negotiated price? And is payment decent? Or am I being tricked.

Messages Page 16 of 62

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