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Ford Explorer, Car Leasing, SUV
#294 of 603 first time lease for a 2011 ford explorer
Feb 11, 2011 (10:57 am)
I have owned 3 ford explorers. Currently I have a 2006 Eddie Bauer Explorer, fully loaded with 40k miles on it. I have 4 payments left. Unfortunately I have been out of work and need to see if I can get any money out of the car. I am trying to find out if I can sell this car which blue books at 17k trade in and use no more then 5k of it to lease a new one. I need as much cash as I can get out of the car. I need low payments preferably no more then $350 a month on a fully loaded explorer. I am clueless on leasing and not sure if i am dreaming. I live in San Diego. If anyone has any ideas how I can go about doing this I would appreciate any input and advice. I don't even know where to start and what information I should be armed with going into a dealer. How negotiable are lease prices and how do I go about getting the lowest payment. I would keep the car for the term of the lease and would not buy it at the end of the lease term.
#295 of 603 Re: Lease Figures [Car_man]
Feb 11, 2011 (11:41 am)
Thank you for getting back to me and it is great timing. I just spoke to my dealer and he went over the lease figures with me indicating that the tier 1 apr was 2.75% and not 2.5%. Can you verify if this is in fact true or could it be true if purchasing in NJ? How do I keep them honest on this and prove to them that it is 2.5%?
I would greatly appreciate if you could get back to me in the next day or so as my pre-order is supposed to come in this weekend.
Thank you so much for your assistance.
#296 of 603 February Lease and Delivery
Feb 15, 2011 (7:55 pm)
Just Checking if lease rates are correct and good value. Quoted $472 month with no money down (except first months payment and taxes) for 36 months. Seems there is a $1000 Conquest cash. Is this comparable to existing leases.It seems the car is almost impossible to get from any dealer and they are reluctant to spec the way i want it.
#297 of 603 Re: February Lease and Delivery [urbanplan]
Feb 16, 2011 (7:32 am)
what model ?
#298 of 603 Re: February Lease and Delivery [denisempmp1]
Feb 17, 2011 (3:15 pm)
I was looking at a XLT with 202A package, navigation and power liftgate. nothing more. I was open to colors but prefered dark gray or dark red.
Area is NYC Metro Area (Queens/Long Island). Sorry for omitting that!
#299 of 603 Fair expected lease cost 2011 FWD Explorer limited
Feb 18, 2011 (2:25 pm)
With an MSRP of 35,500 and I give them 1500. I live in upstate NY. I'm thinking a 10,500 24 month lease. I know the negotiated price will be lower than MSRP The 1500. can be applied any way they like, but I don't want to put in any more. I would much appreciate a ballpark monthly cost number in mind when I speak to a dealer. I currently have a GMC Acadia coming off lease i 2 months. Thanks for any help.
#300 of 603 Re: February Lease and Delivery [denisempmp1]
Feb 19, 2011 (3:44 pm)
Actually got a little more information. $430 a month on MSRP of 38,360. No money down and taxes up front. . Im thinking this is a pretty good deal.
#301 of 603 Re: Fair expected lease cost 2011 FWD Explorer limited [plus11]
Feb 19, 2011 (8:18 pm)
Question: do leases have an X Plan like purchasing?
Also: what is an expected lease price for a 302a pkg w/ $42300 price tag (excluding taxes and fees) / (12000 miles, 36 months), including initial payment? I live in CT if that matters.
Feb 21, 2011 (2:43 pm)
I live in NYC and I'd like to lease the 2011 Explorer Limited edition. I'd like to put down no more than $1500. What do you think is a good lease rate? Assume that the car has a MSRP of about 44k. I've been quoted $570/mn with 1300 down and I think that is very high.
Thanks in advance Car man!
#303 of 603 Re: Lease Figures [sddreams]
by Car_man HOST
Feb 22, 2011 (4:58 pm)
You're welcome sddreams. I've seen a 2.5% lease rate for the 2011 Explorer, not 2.75%. That's not a big difference, but you still should see if you can get the dealer to use the 2.5% rate to calculate your payment.
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