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Ford Explorer, Car Leasing, SUV
#398 of 662 first time lease
Oct 30, 2011 (3:08 am)
I have never leased before but am considering it, what should i look out for? I am looking at the ford explorer lease on the 2012 explorer XLT with leather for $319 and i can not figure out the factor or residual money. Can anyone help with this. I want to go into the dealer and add the mileage to 19,000 miles a year and not get screwed over. thanks for your help I live in upstate NY.
#399 of 662 Re: first time lease [tycalmc]
Nov 04, 2011 (6:05 pm)
You can bet your payment will be $619 or quite likely more with zero down. $319 on a $40,000 SUV is too good to be true even at 10,500 miles per year. Since you're in NY you can bet your taxes and dmv, etc will also put your payment $40+ higher by themselves.
Also, you don't want to lease at 19,000 miles per year because your warranty will expire less than 2 years into the lease. Being under bumper to bumper warranty is one of the main reasons to lease.
#400 of 662 Re: September Explorer Limited Numbers [peteyboy30]
Nov 06, 2011 (3:56 pm)
Greetings peteyboy30. Ford Credit's current base lease rate and residual value for a 36-month lease of a 2012 Explorer XLT AWD with 12,000 miles per year are 3.5% and 55%, respectively for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 39-month lease are 3.75% and 54%.
The numbers for an otherwise identical 48-month lease are 6.75% and 48%.
I don't believe that Ford is currently providing any cash incentives on leases of this truck.
Prices Paid: Buying & Leasing Experiences Forum
#401 of 662 Posted Same re enclave
Nov 11, 2011 (8:16 pm)
Car Man and other experts and folks with experience,
Looking at Premium trim Enclave and Limited trim Explorer. Will add nav and entertainment. Want the car loaded. Dallas Texas. Not certain whether will lease or buy.
1) residual and lease rate for both?
2) any rebates, deals, or negotiating tactics or ideas for both?
3) assuming best and expected negotiated price, what lease price should I expect for both for 36 or 39 months at 12k miles per year?
4) what price should I expect to negotiate if I buy ( I have pre approved financing through bank) for both?
5) anything else I should know or consider from a financial standpoint for both?
6) thoughts on which vehicle I should buy. They both approach the small crossover three row suv differently, but we like both and appreciate the access to the third row with the captain second row. Anyone own one and like or dislike specific features?
7) finally, I will be trading in an 08 Lexus es350 with 34k miles on it. The car is in very good shape and shows well. What should I be able to get on trade in?
Really appreciate help on this. I'm a used car guy that normally sells my old car myself. I'm treading in unfamiliar water and could use help and guidance. I hope to do a deal tomorrow.
#402 of 662 Good deal or not? - Opinions welcome!!
Dec 12, 2011 (8:43 pm)
My wife wants to lease a 2012 Explorer XLT 4x4 with 205a package, trailer tow, leather mytouch, moonroof and the 3.5 l v-6. I drove it last night and we liked it.
My wife wants a 27 mo lease w/19500 miles per year (Michigan).
Dealer is quoting the following:
MSRP is $42330
1. A plan price: 38,058.93
2. Residual: 60%
3. Rate 1.5% (0.000625)
4. Acquisition Fee $595
Monthly payment is 466.08/mo with only first month's payment down.
Note that Ford is currently offering 2000 incentive for non Ford lease holders to come and lease a Ford. But dealer says that with leasing, the 2,000 is applied as a down payment and not used against the MSRP if I were to purchase. I am not sure this is correct, but it allows us to leave the dealer with only the first month's payment.
Car man et al - does this sound like a decent deal? I run spreadsheets and it appears legit but I am likely missing something w/regards to the non-Ford lease incentive.
#403 of 662 Re: Good deal or not? - Opinions welcome!! [engrgrad]
Dec 14, 2011 (4:27 pm)
Hi engrgrad. The fact that you are able to get this truck through Ford's A-Plan means that you are getting a good selling price on it. This looks like a good deal to me.
The dealer was correct, the cash incentive for current lessees of non-Ford vehicles is only available on new leases...not cash purchases.
Prices Paid: Buying & Leasing Experiences Forum
Dec 15, 2011 (10:04 am)
Can you provide the residuals and money factors on the 2012 XLT AWD and Limited AWD?
#405 of 662 CAR_MAN ---- 2012 Explorer limited Lease !
Dec 17, 2011 (4:58 am)
I am looking for 36-month lease of a 2012 Explorer Limited FWD with 12,000 miles per year DEC lease rate.
Is there any difference in lease rate for 4WD ?
Any other incentives for dec ? I am looking to get this deal done in a week.
#406 of 662 Re: Good deal or not? - Opinions welcome!! [engrgrad]
Dec 19, 2011 (4:52 pm)
I would say this is a good deal for the miles you want. The $2000.00 competitor lease cash rebate is good either buying or leasing. There is also a $1000.00 regional incentive in the Detroit area and that can be used in addition to the $2,000.00 if your buying. The extra $1,000. Will not work on a lease.
Now, go to Ford Explorers web site and request a brochure on the car, you may very well receive a $750.00 additional rebate, (unadvertised) just for you that you can use in addition to all others, lease or buy...
#407 of 662 Ordering wait time for a 2012 Explorer?
Dec 21, 2011 (10:07 am)
I just ordered a 2012 Explorer XLT, 205 A,moon roof,trailer tow, blk./blk. What is the current wait time on Explorer orders? I realize Chicago assembly is closed for the week after Christmas. Appreciate any inside knowledge on how long customers currently are waiting. Thanks