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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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#236 of 239 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 Host Prices Paid: Buying & Leasing Experiences Forum
#237 of 239 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 Replies to this message: Car_man (Apr 09, 2008 3:24 am)
#238 of 239 Re: Leasing Numbers?? Can these be right? [kirk94] by Car_man HOST Apr 09, 2008 (3:24 am)
Replying to: kirk94 (Apr 03, 2008 4:01 pm) 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 Host Prices Paid: Buying & Leasing Experiences Forum
#239 of 239 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.

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