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Prices Paid: Buying & Leasing Experiences Ford Explorer Lease Questions
239 messages, Last post on Apr 16, 2008 at 11:56 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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am looking to lease a ford explorer(07...EB) have never leased...got a quote from a dealer here in the portland,or. area. It seems awful high....any thoughts??? MSRP $37,675.00 Sale Price $35,999.00 Less Lease Rebates -$3000.00 (used to cover 1st payment, & DMV....ZERO out of pocket cash) 36 months  10,500 miles per year = 607.22 per month Lease end value = $17,707.25 36 months 12,000 miles per year = 617.08 per month Lease end value = $17,330.50 36 months 15,000 miles per year = 636.81 per month Lease end value = $16,577.00 *All leases figured at 5.75% APR On Approved Credit. |
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Replying to: mgc1 (Sep 11, 2007 5:44 pm) X Plan quote on a 2008 Eddie Bauer with options - vehicle had a MSRP of $39k. Dealership told me $532/mo for 12k/yr 39 months. Upon inception, only amount due was $1000 which comprised first month, taxes, title, registration, etc. Interestingly enough, guy said this was below X plan and said he may be able to do better.....I thought x plan was "fixed" price so I'm wondering if dealership is trying to work me like a champ.... Can anyone provide MF and residual factor for '08 EB with above details? Thanks.
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Replying to: hcop (Sep 04, 2007 2:35 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: mgc1 (Sep 11, 2007 5:44 pm) Let's take a look at the deal that you were quoted. The Explorer that you're interested in probably has a spread of around $2,500 between its full MSRP and its dealer invoice price. This means that the $2,600 dealer discount that you are being given is probably equivalent to around $900 over dealer invoice. If you are in an area that has a decent level of competition, I would not be surprised if you were able to beat this price by a couple hundred dollars. The lease rate that you were quoted looks a little high to me as well. Ford Credit's current base lease rate for a 36 month lease of a 2007 Ford Explorer Eddie Bauer is at worst 3.25%. Make sure that the dealer uses Ford Credit's buy rate to calculate your truck's monthly payment. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: elansp (Sep 12, 2007 2:34 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Nov 08, 2007 4:23 am) 1. What areas of the US are the Ford Explorer Lease programs better? 2. When Leasing who gets the rebates? Example --- newspaper ad says "buy now up to $5000 in rebates". Leasing a car one must negotiate the lowest possible cost of the vehicle but yet I was criptically told by the dealer it depends on the leasing company as to who gets the rebates. Basically I want the rebates and the lease cash...What gives? 3. Why are the 2008 Explorers so thin? In the past Ford has flooded the market with new models by now. 4. What institutions can I work directly with to lease a Ford besides Ford Motor Credit? |
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Coming off the fantasic lease special that ran in the end of 2005/early 2006 with the eddie bauer 2006 explorer for $199/month sign and drive if you remember it... My current offer: 2008 Eddie Bauer 39 mth///18K miles per year **** I drive a lot Navigation Eddie Bauer Luxury packade Sync Sun/Sirius Reverse sensing class 3 tow 18inch Chrome Clad remote start factory installed 39mth lease. + roof rack, cargo privacy, mats, etc MSRP - $37,770 Rebates - $2,500 + $1,000 Bonus + $1,000 Loyalty = $ $4500. The residual they gave me is 39% ... ugh but i drive a lot. I know the hold back is $924 I figured the money factory of .00052 or 1.25% even though they don't like to call it money factory. I know the dealer profit margin on an explorer is 9% I paid for cosumer reports bottom line pricing and basically offered them 3% over the overall invoice, even the invoice on the options, less holdback. Their offer to me...$475 per month with $525 due a signing for 39mths keep in mind I am in PA so the lease tax is 9% as well. Please someone evaluate this. There is no wear care or anything additional with this offer. ALSO- Please respond to this as well...B/C i do 18k/year, i leave myself exposed dor 1 year to a gap in warranty because if i do 18k/year i will put 52k on it before I trade it in. Dealer is suggesting I pay extra $900 for warranty to fill gap...thoughts on the deal and warranty????Thanks!!!
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Replying to: davidr719 (Dec 13, 2007 9:49 am) I personally would pass on the extended warranty, but if you decide to get one keep in mind that the selling prices of warranties are negotiable as well. Not only that, but you do not have to purchase your truck's extended warranty from the dealer that you get your truck from. You should be able to purchase an official Ford warranty from any Ford dealer and still be able to have your Explorer serviced wherever you want. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Hi carman. You have helped me in the past, now I have a question for my husband. He is about to lease an explorer xlt. The deal that he got was 39 months, 12k miles a year. MSRP is 34170. 2k down for all taxes, etc., and a monthly payment of $399. Do you think this seems ok? Also, he was "suppose" to get sync, and then dealer was going to install a factory dvd navigation system. (all included in price). Now the dealer says that you cannot have sync and nav on the 08. Is that true? Now he is also saying that the deal he offered was so good that if we elect to not take the nav he will drop the $1995 from price. If we elect to drop the sync he will not credit the $395 because he offered us such a "good" deal that he is only making $16 on the deal.....I think this sounds shady.....what do you think? Do you think that he is telling the truth that you cannot have nav and sync in this car, and what do you think about his not agreeing to credit for the sync if this is true. Thanks.
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Car_man -- I am shopping hard for a 2008 Explorer to lease. I am in the Columbus Ohio area, the dealerships seem to have a week inventory of 2008 Explorers. Some are offering 2007 Explorers up to $8000 off MSRP. Here are my questions: 1. What areas of the US are the Ford Explorer Lease programs better? 2. When Leasing who gets the rebates? Example --- newspaper ad says "buy now up to $5000 in rebates". Leasing a car one must negotiate the lowest possible cost of the vehicle but yet I was criptically told by the dealer it depends on the leasing company as to who gets the rebates. Basically I want the rebates and the lease cash...What gives? 3. Why are the 2008 Explorers so thin? In the past Ford has flooded the market with new models by now. 4. What institutions can I work directly with to lease a Ford besides Ford Motor Credit?
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