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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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#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
#201 of 239 Re: 07 EB vs 07 Limited Lease [creekchubs] by Car_man HOST Feb 27, 2007 (5:37 am)
Replying to: creekchubs (Feb 21, 2007 9:44 am) Hi creekchubs. I see that you are trading in your current vehicle and leasing a new one. There's nothing wrong with trading in your current car or truck when you lease a new one, but it would be in your best interest to have the dealer that you are working with cut you a check for any equity that you have in your vehicle rather than using the proceeds from it as a down payment for your lease. I always advise consumers against making large down payments on leases. Those who do run the risk of losing their down payment if their vehicle is totaled in an accident or stolen and never recovered.   The fact that you are able to get your truck through Ford's X-Plan ensures that you will get it for a good price.   Car_man Host Prices Paid Forum
#202 of 239 Lease Extension Possible? by scoutlab1 Mar 12, 2007 (3:49 pm)
I have a 3 year lease on a 2004 Explorer Limited that expires in April. The purchase price option is thousands more than its fair market value, so I do not want to buy it at that price. I am told that I cannot buy it for anything less than the purchase option. Is this true? I also thought about extending the lease for a year or two (at a reduced monthly payment given that the vehicle is 3 years old) but have been told that Ford does not do this. Is this true? Any insight would be much appreciated. Thanks very much.
#203 of 239 Explorer money factors and residuals by 4jeeps Mar 14, 2007 (2:10 pm)
I am considering an Explorer XLT 4x4 and was wondering if anyone was aware of the current money factors and residual values. I would be looking for 12K miles/year if it makes a difference.   Thank you for any assistance. Replies to this message: Car_man (May 07, 2007 3:26 am)
#204 of 239 2007 EXPLORER LEASE by jennian Apr 04, 2007 (11:11 am)
does anyone have the money factor, residual and incentive info? thanks Replies to this message: Car_man (May 07, 2007 3:28 am)
#205 of 239 2007 EB Explorer Lease question by kalik Apr 19, 2007 (5:07 pm)
I need help in determining why such a price difference and how to calculate it. I currently lease a 2004 XLT - $336 for39mos 2,000 down 5,750 in rebates . Selling price 32,362 (Cap cost 27,403.22) 47% total residual (45+2) money factor 3.25% 12k miles a year .   I was looking into leasing the EB for the same selling price and have been working on quotes. For the same priced vehicle (Less options,looks a little nicer), and the same lease term 39mos 12k miles 2.25% financing , 5000 in rebates, with 2,500 down I am quoted around 375 a month . I am being told its all due to residual value difference. Is this true, is the residual value of the EB the same at all dealers for this vehicle lease? Is 375 reasonable , I cant see paying more for the same priced vehicle .   Thanks Replies to this message: Car_man (May 07, 2007 3:30 am) luckycait (May 09, 2007 4:57 pm) Car_man (Jun 08, 2007 2:19 am)
#206 of 239 Re: Explorer money factors and residuals [4jeeps] by Car_man HOST May 07, 2007 (3:26 am)
Replying to: 4jeeps (Mar 14, 2007 2:10 pm) Hi 4jeeps. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Ford Explorer XLT 4WD with 12,000 miles per year are 4.0% and 43%, respectively in most areas. This truck's lease program is slightly better in certain regions. If you tell me what state you are in I can tell you if you are in an area that has an enhanced lease program for this model. As you can see, Ford publishes lease rates instead of money factors for the vehicles that it leases. You can convert its lease rates into approximate money factor equivalents by dividing them by 2400. When negotiating your capitalized cost for this truck, make sure to take the lease cash that is currently available on it into account.   Car_man Host Prices Paid Forum
#207 of 239 Re: 2007 EXPLORER LEASE [jennian] by Car_man HOST May 07, 2007 (3:28 am)
Replying to: jennian (Apr 04, 2007 11:11 am) Hi jennian. The Ford Explorer's lease program varies by trim level, region, term, and mileage allowance. I would be happy to give you an idea of what the lease program for the truck that you are interested in is like right now, but in order for me to do so I need you to tell me exactly what Explorer you want, i.e. an XLT 2WD, an Eddie Bauer 4WD, etc..., what state you are in, how long you want to lease it for, and how many miles per year you need to be able to drive it. Let me know and I'll tell you what the latest lease program is like.   Car_man Host Prices Paid Forum
#208 of 239 Re: 2007 EB Explorer Lease question [kalik] by Car_man HOST May 07, 2007 (3:30 am)
Replying to: kalik (Apr 19, 2007 5:07 pm) Hi kalik. I don't remember what the lease program was like for the Explorer back in 2004, but it is very possible that its residual values are worse today than they were back then. I would be happy to give you my opinion of the deal that you were quoted, but it would be a big help if you provided me with this truck's full MSRP and selling price first. These numbers will show me how much of a discount you are being given.   Car_man Host Prices Paid Forum Replies to this message: luckycait (May 09, 2007 4:57 pm) Car_man (Jun 08, 2007 2:19 am)
#209 of 239 Re: 2007 EB Explorer Lease question [Car_man] by luckycait May 09, 2007 (4:57 pm)
Replying to: Car_man (May 07, 2007 3:30 am) Hi Carman I'm wondering if anyone could help me out! We are getting a deal and I'm wondering if it's very good? Explorer XLT Leather package Convience Package 3rd seat Climate package Running Boards 6 disk changer MSRP $31,120 We have the Ford X Plan so that make s the price $29,957 We have an '04 Toyota Solara SE Sport that blue books at $12300 but he only wants to give us $11K and we owe $20K so there is another $9K tacked on there is $4K in rebates 36 mos 12K/year Acq. Fee $595 Dock Fee $45 Tax is 7.25% and he has us at 2.25%   He has our payment at $662.53 AND $2000 down. I plugged this into a lease calculator but I came up with alot less. Can you tell me if I'm getting taken? Replies to this message: Car_man (Jun 08, 2007 2:19 am)

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