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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 44 of 62

#425 of 610 Ford Explorer Offer - Any good by jnijankin

Feb 17, 2012 (3:39 pm)

Hi Car Man,
 
I just got off the phone with the dealer, I am looking at a 2012 Explorer XLT 2WD with 3.5L at a 39mth lease / 12k a year mileage. It would have the 204A package.
MSRP: $36,260.00
Agreed Value given was $33,819.00 - total Gross Capital Cost $34,414.00.
Residual: $19,580.40 (looks like around 57%)
Depreciation: $14,833.60
Rent Charge: $1,963.31 (what is this?)
Total of Base MP: $16,796.94
Total monthly payment $460.84
With paying inceptions only at $1497.69 (1st month $460.84, Doc Fee $599.95, Upfront tax $6.66, Lic., Insp, Title, Reg $323.75, and other fees $66.50)
 
Can you advise if this is a good deal or can I do better? I live in Florida by the way, in Dade-County. How do I calculate the money factor?
Thanks for your help!
Rgds,

#426 of 610 Re: Ford Explorer Offer - Any good [jnijankin] by green69

Feb 17, 2012 (3:58 pm)

Replying to: jnijankin (Feb 17, 2012 3:39 pm)
I think you can do better! Ford currently is running 24 month leases as their best lease deal. Risidual currently on a 12,000 mi., 24 mo. Is running 65%.
I would email a couple local dealers, tell them what you want and let them fight over your business. Get at least a couple comparable offers and then you can make a confident call. Good luck! I have the new Explorer and it exceeds expectation! The ride and handling is tremendous! Great choice!

#427 of 610 Re: Ford Explorer Offer - Any good [green69] by jnijankin

Feb 18, 2012 (7:23 am)

Replying to: green69 (Feb 17, 2012 3:58 pm)
Hi Green69!
 
Appreciate the feedback! I was not really keen on leasing for just two years, besides, the monthly payment with no money down (except inceptions) would be higher than a 39 mth. I was advised the 36 mt lease deals are not as good as the 39 or 24.
 
I just want to know where I should be on the numbers that would constitute a good deal based on my vehicle choice and the numbers in my first post.
 
Thanks!

#428 of 610 X-Plan Pricing-Buy or Lease? by gax279

Feb 22, 2012 (8:10 pm)

Hi Car man-
Been about 7 years since I've bought a car and I need some advice.
 
I am eligible for X Plan pricing through my place of employment. Looking at a 2012 Explorer Limited AWD with the 302A package, dual pane moonroof, trailer tow package, 20" polished wheels, and 2nd row dual bucket seats. Sticker is $48,765; X-Plan pricing is ~$44,500. I haven't talked to a dealer yet so not sure if I can do any better than the X-Plan?
 
I have a 2005 GMC Envoy Denali 4WD with 57,000 miles on it that Edmunds says I should get $10,000 for trade-in. It is paid for, so that's nice.
 
Weighing out my options of buying (thinking it'll be about a $600/month payment for 60 months) or leasing to reduce the payment since I will have no problem with mileage on a 3 year/36,000 mile lease.
 
If I was to lease, would I apply the entire trade-in amount to the lease down payment. I'd like to lease with $0 down or as little out of pocket.
 
I am in Chicagoland NW Suburbs, and would consider a 36 or 39 month lease, with 10,500 miles a year.
 
One last question for 2011/2012 Explorer owners with the 20" tires, how are the Hankook Optimo H426 tires in the snow? Or in general, how are those tires?
 
Thank you-
Don

#429 of 610 Quoted Higher Money Factor by drp392

Feb 22, 2012 (10:35 pm)

Hi car man,
 
I'm totally a new at leasing so I apologize if this has been asked before. I see above that you are saying a 36-month lease of a 2012 Explorer Limited 4WD with 12,000 miles per year are 2.0% and 54%, respectively. Is this only regional and not everywhere? I'm asking because my local dealer here in Utah is quoting me 4.0% and 54% respectively for a 36 month and 4.25% and 52% for a 39 month (on their top tier credit rating). Did anything change in the last 2 weeks? How can I call them on this and get the 2.0%? Is there a Ford web page that I can reference? Thanks!
 
Mike

#430 of 610 Re: Quoted Higher Money Factor [drp392] by drp392

Feb 23, 2012 (11:37 am)

Replying to: drp392 (Feb 22, 2012 10:35 pm)
I guess it looks like the dealer is trying to make 2 points. So if I just apply myself at fordcredit.com will I get the 2.25% and 52% for 39 months and 12000 miles (assuming best credit rating)?

#431 of 610 Re: X-Plan Pricing-Buy or Lease? [gax279] by Car_man HOST

Mar 11, 2012 (2:43 pm)

Replying to: gax279 (Feb 22, 2012 8:10 pm)
Hi Don. There's nothing wrong with trading in your current truck when leasing a new one. However, it would be in your best interest to have the dealer cut you a check for your trade rather than use the proceeds from it as a down payment for your lease. Consumers who make large down payments on leased vehicles risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. You can still do a zero down lease, even with the dealer paying you for your trade.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#432 of 610 March Explorer Lease Numbers [Car_man] by ozman2005

Mar 11, 2012 (7:44 pm)

Replying to: Car_man (Feb 16, 2012 5:25 pm)
Hi Car man,
 
Can you please tell me the March 2012 residual and money factor for a 2012 Explorer XLT FWD, 24 month lease with 12k miles?
 
Thank you,
 
Ozzie

#433 of 610 Re: March Explorer Lease Numbers [ozman2005] by Car_man HOST

Mar 21, 2012 (4:19 pm)

Replying to: ozman2005 (Mar 11, 2012 7:44 pm)
Hi Ozzie. Ford Credit's March base lease rate and residual value for a 24-month lease of a 2012 Explorer XLT FWD with 12,000 miles per year are 0.25% and 67%, respectively.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#434 of 610 lease rate - explorer limited by amgrouchy1

Mar 24, 2012 (10:45 am)

Hi Car Man,
 
I'm looking for the current lease rates on a 2012 ford explorer limited with the eco-boost FWD platform. do you have the money factor and residual for a 10k per year lease for both 24 and 36 months? Need to make a decision this weekend so your help is appreciated!

Messages Page 44 of 62

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