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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 25 of 62

#235 of 610 Re: 2008 Ford Explorer EB v8 Lease [aleatory] by Car_man HOST

Feb 21, 2008 (3:37 am)

Replying to: aleatory (Feb 17, 2008 2:55 pm)
Greetings aleatory. Thanks for providing tons of information in your post. Ford Credit's current base lease rate and residual value for a 39 month lease of a 2008 Ford Explorer Eddie Bauer V8 4WD with 15,000 miles per year are 3.75% and 42%, respectively. Let's use these numbers to calculate a sample lease payment and see what we come up with. According to my calculations, if you were to lease an '08 Ford Expedition Eddie Bauer 4WD that has an MSRP of $39,345 and a selling price of $33,211 ($300 over invoice minus $3,500 lease cash), your zero down, pre-tax monthly payment would be around $506. Wow, that's a lot of money for an Explorer. If I was in the market for a mid-size SUV right now I would be more inclined to go with a Honda Pilot or a Toyota Highlander.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#236 of 610 Re: 2008 EB V6 4x4 Lease [wbenedict] by Car_man HOST

Feb 21, 2008 (3:50 am)

Replying to: wbenedict (Feb 18, 2008 8:38 am)
Hey wbenedict. Ford Credit's current base lease rate and residual value for a 39 month lease of a 2008 Ford Explorer Eddie Bauer V6 4WD with 10,500 miles per year in Pennsylvania are 3.75% and 45%, respectively. Ford's lease cash for the Explorer varies by region. You mentioned that you are in Pennsylvania, but not what part. The last time that I checked, Ford was providing $3,500 lease cash on the '08 Explorer in the Pittsburgh area and $4,000 on it in the Philadelphia area. I have not heard that Ford is planning to improve its lease program on the Explorer in March, but if a dealer is telling you to wait to get a new vehicle instead of trying to lock you into one right now there may be something to this rumor.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#237 of 610 Leasing Numbers?? Can these be right? by kirk94

Apr 03, 2008 (4:01 pm)

Ok heres the deal, I am about 10K upside down on a 08 Acura TL. Long story short my company requires us to have a 3 year or newer vehicle for the car program they have for outside salesmen and I traded a 3 year old Titan and got into a car... 1) Hate a car 2) drive onto construction sites sometimes etc, not practical for my job big mistake.. I bought this car in hopes it would hold its value over 3 years and after running the numbers I am eventually going to be in a similar situation in 3 years as I was with the Titan by rolling over negitive equity on trade in.
 
I am looking at 2008 Explorers Eddie Bauer lease with X plan and $4250 in rebates. with this much negitive equity Im told I cant look at xlt b/c they wont do the loan off the msrp. So I am looking at leasing for 39 months to get out of being upside down. My payments are going to stay the same but I want to make sure I am not getting jerked around on the lease, it is figured at 18K miles a year. Here goes.
2008 4x4 Eddie Bauer V6. I live in Louisville Ky.
 
The way I see it:
 
MSRP - $35450
 
X plan Price = $33,489 agreed selling price with dealer
Lease cash - $4250
                     = $29,239
Negative Eq. + 10,000
                     = $39,239
$Down 1000
 
Payments should be close to around $700 before tax.
 
For some reason the dealer is figuring this and I dont know what some of the terms mean, it is off his quote worksheet.
 
Selling price - $44,000
Cap Fee Window - $1,243
MFD Rebate - $4,250
Cash Cap Reduction - $969
Adj Cap Cost $40,024
MSRP $35,450
Residual % 39
Residual value $13,825.50
APR 2.75%
Term 39
Tax window $2125
Base monthly Payment = $733
Total monthly Payment = $807.72
Due at signing - $2,160
 
I dont know what to make of all this. Am I getting a good deal considering the mess I am in? The payment on the lease is to the dollar amount I am paying on the Acura on a 60 month note. In theory I want to be able to throw the keys on the table in three years and be done with upside down on every car I have ever owned. But I can't decide what to do.
 
Regards

#238 of 610 Re: Leasing Numbers?? Can these be right? [kirk94] by Car_man HOST

Apr 09, 2008 (3:24 am)

Replying to: kirk94 (Jul 10, 2006 4:49 am)
Hi kirk94. You're in a difficult situation. Normally I would advise someone who was so upside down on their vehicle to wait until they were less upside down to get something new. However, this does not sound like it is an option for you. If you have to get a new vehicle, at least you are able to do so through Ford's X-Plan. Access to this program should provide you with an extremely attractive selling price on the Explorer that you want without having to haggle. Since you are guaranteed to get a good price on your new vehicle, you need to focus on how much the dealer is giving you for your TL. The more the dealer gives you for your trade-in, the less upside down you are on it. Make sure to look up your car's 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 feel as though you are not being given enough for your TL, you can always comparison shop with a few other dealers in your area.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#239 of 610 2008 Eddie Bauer Deal on the table by westham999

Apr 16, 2008 (11:56 am)

36 month lease on 2008 EB; Nav system; Power Moonroof; 18" Chrome clad Alum Wheel;Aux Climate Control; Reverse Sensing; 50/50 Fold 3rd Seat; Luxury Pkg;
X-PLAN Price; Rebates total about $6.6K; Residual 17-18K; 10.5K miles per year
Out of pocket = $1700. 36 X 480per month.
Thanks for your comments.

#240 of 610 2010 Ford Explorer Sport Trac Lease by audimanhouston

Sep 14, 2009 (6:38 pm)

Hi Carman,
Looking to get 2010 Ford Explorer Sport Trac V6 4x2 Limited edition with couple of options for MSRP 34,700. I'm looking to lease, here is the info:
 
Houston Area
15,000 or 12,000 miles/year for 36 months
want to put very little to nothing down
 
Can you tell me any lease support/rebates that may apply to the price and also the money factor and residual values?

#241 of 610 Re: 2010 Ford Explorer Sport Trac Lease [audimanhouston] by Car_man HOST

Sep 15, 2009 (2:46 am)

Replying to: audimanhouston (Sep 14, 2009 6:38 pm)
Greetings to the semi-appropriately named audimanhouston (you have the place right, just not the vehicle ). Like all domestic manufacturers, Ford has decided to cut way back on leasing over the past year. While it is providing lease support on several models, unfortunately the Explorer is not currently one of them. It might be possible to lease an Explorer through an independent bank, but even if you were able to find a bank that was willing to lease one to you it likely would be a terrible deal.
 
If you really want a 2010 Explorer, you would be better off financing it through Ford Credit at 1.9% for 3 years, 2.9% for 4 years, or 3.9% for 5 years. OR financing paying cash for it or financing it through an independent bank and taking advantage of the $3,000 cash incentive that is available on it this month.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#242 of 610 Re: 2010 Ford Explorer Sport Trac Lease [Car_man] by audimanhouston

Sep 15, 2009 (8:42 pm)

Replying to: Car_man (Sep 15, 2009 2:46 am)
thanks car_man, I have actually been a huge audi fan last few years and just got my second a4 in february - got a good deal on 2009 model thanks to your info on this message board. Had 2006 model before that but can definitely see how I threw you off .
 
I'm doing a bit of car shopping for my in-laws who lease cars for their business so they don't really have the buy option and their leases expire soon. my mother-in-law is deciding between audi q5 (fingers crossed) and mercedes GLK so I'll ping you for lease advice once she makes the decision. thanks for all your help.

#243 of 610 New keys made by chryssi

Sep 16, 2009 (7:14 am)

Hi everyone...
I need help... I lost my keys for my explorer, I had the vehicle towed up to the dealership & had 2 new keys & programing done. The vehicle was driven home & then started once. I had to run back into the house after I started it the second time & took the keys out. I came back out to leave & my car wouldnt start again.
I know it has something to do w/ the keys cause my car is in rather good shape & nothing else could be the problem.
Of course the dealership is denying any programing they did was wrong. Do you have any ideas??

#244 of 610 Re: New keys made [chryssi] by kyfdx HOST

Sep 16, 2009 (4:57 pm)

Replying to: chryssi (Sep 16, 2009 7:14 am)
Hi chryssi..
 
You'll have a better chance at getting an answer to your question here:
 
Ford Explorer Maintenance and Repair

Messages Page 25 of 62

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