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Ford Explorer Lease Questions

239 messages,  Last post on Apr 16, 2008 at 11:56 AM

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

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#191 of 239 2007 V6 EB 2x4 lease by gadawg2 Dec 07, 2006 (10:53 am)
I have been looking at lease options. I have a 07 EB V6 2x4 MSRP of 31,360 with a selling price of 30,500. Using 12k miles/yr with about $850 down I have been quoted a monthly payment of $514 for a 3 yr lease and $552 for a 2 yr lease. I am in Greenville, SC - any thoughts?   This is my first experience with lease negotiations and I have not committed to anything yet. Thanks for any comments! Replies to this message: Car_man (Jan 11, 2007 3:52 am)
#192 of 239 Where to find the current residual value 07 XLT Explorer by scottduffie Dec 12, 2006 (7:59 pm)
Hello, I am trying to use the Lease Calculator to figure out how to get to a monthly payment that fits me. I get the a-z plan, want to put zero down, and understand there is 4500.00 is rebates.   Where can I find the '07 XLT 4X4 Explorer lease interest percentage rate (money factor) and residual value for the current 24 month lease offer area 48346; with 12K and 15K miles a year? (I figured the money factor to be .0011 but do not know where to find the residual values).   Thanks, Working Backwards Replies to this message: Car_man (Jan 11, 2007 3:57 am)
#193 of 239 lease end purchase question by fetch Dec 30, 2006 (2:07 pm)
Hello all. This is my first question. I am currently leasing a 2004 Ford Explorer Limited AWD V8. I started the lease in October of 2004. The lease is 48 months with 10,500 each year. My monthly lease payment is $512. I am planning on keeping the vehicle for four more years so I am thinking about buying out my lease and re financing with a very low rate through a credit union. Do you think this is a good idea? Will I have to pay sales tax on the financing for the purchase even though I already paid sales tax when I leased it? Thanks for the help. Replies to this message: Car_man (Jan 11, 2007 4:02 am)
#194 of 239 Re: 2007 Ford Explorer Lease Offer... [pulleydog] by Car_man HOST Jan 11, 2007 (3:48 am)
Replying to: pulleydog (Dec 05, 2006 4:29 pm) You're welcome, pulleydog. Let me know if you have any questions when your truck arrives.   Car_man Host Prices Paid Forum
#195 of 239 Re: 2007 V6 EB 2x4 lease [gadawg2] by Car_man HOST Jan 11, 2007 (3:52 am)
Replying to: gadawg2 (Dec 07, 2006 10:53 am) Hi gadawg2. The truck that you described probably has a spread of around $1,700 to $1,800 between its full MSRP and its dealer invoice price. You were quoted a discount of $860 on it. I personally would want a larger discount than this. If I was in the market for an Explorer I would shoot for around $500 over invoice minus the $2,500 lease cash that is currently available on it in your area. Shop around and see if you can beat this deal.   Car_man Host Prices Paid Forum
#196 of 239 Re: Where to find the current residual value 07 XLT Explorer [scottduffie] by Car_man HOST Jan 11, 2007 (3:57 am)
Replying to: scottduffie (Dec 12, 2006 7:59 pm) I can give you an idea of what this truck's current lease program is like, scottduffie. Its current program varies by region. For consumers who are outside of the New York and Detroit areas, Ford Credit's current base lease rate and residual value for a 24 month lease of a 2007 Ford Explorer XLT 4WD with 15,000 miles per year are 5.0% and 45%, respectively. This truck's 12,000 mile per year residual value would be 2% higher. 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. So a lease rate of 5.0% would be equivalent to an interest rate of around .00208.   Car_man Host Prices Paid Forum
#197 of 239 Re: lease end purchase question [fetch] by Car_man HOST Jan 11, 2007 (4:02 am)
Replying to: fetch (Dec 30, 2006 2:07 pm) Welcome fetch. If I was in your situation, I personally would wait until I was at the scheduled end of my lease to decide if I wanted to keep this truck. One main advantage to doing so is if it starts giving you mechanical trouble, you can just walk away from it at the end of your deal. Furthermore, if you are in an accident in your truck you can just walk away from it at lease-end and let Ford Credit take the diminished value hit that vehicles that have had collision repairs experience. Unless you are paying an outrageously high interest rate on your lease, which is highly unlikely given the level of lease support that Ford usually provides on Explorers, you probably won't save much by buying your leased vehicle and financing it through your credit union. I am not absolutely positive, but I believe that you probably would have to pay sales tax on your truck if you were to purchase it at this point.   Car_man Host Prices Paid Forum
#198 of 239 2007 Ford Explorer XLT Ironman Package lease info? by vballny23 Feb 16, 2007 (7:19 am)
I am looking into leasing a 2007 Ford Explorer XLT 4X4 with Ironman Package and optional 3rd row for 39 months, 12K miles/yr. Can you let me know the rent charge and residual for this vehicle?   The MSRP on the car is $30,660 and I am working off a price $500 over invoice $29,288. Then, taking off the $3500 lease cash, negotiated cost would be $25,788. Replies to this message: Car_man (Feb 27, 2007 5:33 am)
#199 of 239 07 EB vs 07 Limited Lease by creekchubs Feb 21, 2007 (9:44 am)
I have two offers on the table for a 36 month lease with 15k miles per year. Both deals my trade is my down payment equalling $5000. Current rebate is $3500 on the Explorers. Both deals offer zero out of pocket at start. The Limited: MSRP 36155 Xplan pricing 34323.9 total selling price 25823.9 End Value 16769.75 monthly payment 371.76   The Eddie Bauer: MSRP 35515 xplan 33566.94 total selling price 25066.94 End Value 16836.9 monthly payment 346.01   I like the limited because it has the black seats but the EB seems to be a better deal. What is the better offer? Please advise. Replies to this message: Car_man (Feb 27, 2007 5:37 am)
#200 of 239 Re: 2007 Ford Explorer XLT Ironman Package lease info? [vballny23] by Car_man HOST Feb 27, 2007 (5:33 am)
Replying to: vballny23 (Feb 16, 2007 7:19 am) Greetings vballny23. Ford's current lease program for the 2007 Explorer varies by region. Looking at your user id, I suspect that you are in New York. I will provide you with the lease program for that area. Let me know if this is not where you live. Ford Credit's current base lease rate and residual value for a 39 month lease of a 2007 Ford Explorer XLT 4WD with 12,000 miles per year are 2.75% and 45%, respectively. $500 over dealer invoice minus any available lease cash is a good price for this truck.   Car_man Host Prices Paid Forum

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