Ask the Car People.SM


Ford Explorer Lease Questions

603 messages,  Last post on May 20, 2013 at 4:42 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? Ford Explorer, Car Leasing, SUV

    

Messages Page 52 of 61

#506 of 603 Explorer Limited Lease by nighthawkn117

Feb 02, 2013 (6:36 pm)

Hello everyone,
 
I'm about to start shopping for my 2013 Explorer Limited plus a number of options. I live in the M ichigan.
 
Looking for lease rates with 39 Months and highest mileage possible. I believe its 19500 per Year.
 
Can anyone tell me deals they've received and what the Residual and money factor are? also what is the average discount off MSRP?
 
Much appreciated in advance.

#507 of 603 Re: Explorer SPORT Lease [nighthawkn117] by nighthawkn117

Feb 02, 2013 (8:29 pm)

Replying to: nighthawkn117 (Feb 02, 2013 6:36 pm)
I apologize. I meant to say Sport. I'm interested in the Sport Model

#508 of 603 Re: February Lease Rates [sullywho] by ltrain1

Feb 02, 2013 (10:59 pm)

Replying to: sullywho (Jan 29, 2013 9:20 am)
I just picked up our new Explorer XLT AWD w/202a, navigation, power liftgage, tow package as factory options. The lease rates should be around .5% for Ford tier 0 and 1 on a 36 month lease. I chose to go with a 24 month lease because the rates were so good and I change cars every two years anyway.
 
I feel pretty good about the deal we just struck at a dealership in MN. I received quotes from several area dealers and ultimately went with the dealer that provided the best overall experience. Even though they were not even close to being the best price, they eventually beat out all other offers. Here was our offer:
 
24 months, 10,500 miles
Qualified for lease rate of .25% (mf .0001)
Rebates- $1750 and $1000 conquest lease cash
 
MSRP- $40,270
Sale Price - $36,475
Taxes/Fees- $2,557
Residual- $26,578
 
Total monthly payment - $375/mo
Only money down was the first months payment.

#509 of 603 Re: Explorer SPORT Lease [nighthawkn117] by nighthawkn117

Feb 05, 2013 (1:05 pm)

Replying to: nighthawkn117 (Feb 02, 2013 8:29 pm)
Hello Everyone,
 
Hope this helps. I got word back from the dealer on the Explorer Sport:
 
36 Month W/15000 Miles
Residual: 55%
Interest: .5
 
39 Month W/15000 Miles
Residual: 53%
Interest: .5
 
They said there are $1500 in rebates currently. Is that accurate for the North East Region?
 
Thank You

#510 of 603 Re: Explorer SPORT Lease [nighthawkn117] by ct44

Feb 05, 2013 (1:16 pm)

Replying to: nighthawkn117 (Feb 05, 2013 1:05 pm)
Did you go through Ford.com and request the mailed brochure for the Explorer? It takes about 7-10 days to get. In it there is a coupon for an additional - sorry I forget the exact amount - $1,000 or so off.

#511 of 603 Re: Explorer SPORT Lease [ct44] by nighthawkn117

Feb 05, 2013 (1:20 pm)

Replying to: ct44 (Feb 05, 2013 1:16 pm)
Thank you for the tip. I'll do that for sure.

#512 of 603 Car man-February Explorer lease rates please by brete

Feb 05, 2013 (2:46 pm)

Looking for the money factor, residual values on the 2013 Ford Explorer XLT & Sport 24 month lease with 10,500 miles per year.
Also what rebates and cash incentives are avilable (I am a current Ford lease holder)?
Northeast
 
Thanks for the help in advance

#513 of 603 Re: February Lease Rates [ltrain1] by wegba

Feb 07, 2013 (2:43 pm)

Replying to: ltrain1 (Feb 02, 2013 10:59 pm)
Seems to me like you might be paying too much on the monthly payment. Granted, our terms aren't the same, but I just got an Explorer XLT AWD, 202a, navigation, power lift gate, tow package, and dual panel moonroof in MI.
 
36 months, 10,500 miles
Lease rate of .25%
Rebates - $1500 + $500
Trade-in - $1000
 
MSRP - $42,075
Sale Price - $37,403.98
Taxes - $886.28 (6% of total monthly payments + 6% of capitalized cost reduction)
Residual - $23982.75 (57%)
 
The acquisition and doc fees ($710 total) were rolled into the Sale Price, and I had to pay $567 out of pocket for first month payment plus title, registration, etc.
 
Total monthly payment - $334/month
 
I'm not sure what your tax percentage is, but if I try plugging your numbers into an online lease calculator, I'm coming up with a lower payment for you than $375 (around $325). I was assuming 6.85% tax for MN. There is also a difference of $275 between my trade-in and rebates vs your rebates, but that shouldn't affect the monthly payment by much.

#514 of 603 Explorer XLT 4WD by rjoh1969

Feb 08, 2013 (11:25 am)

Best offer I've received so far:
 
2013 Explorer XLT 4WD with 202A
All weather floor mats
Power lift gate
Dual panel moonroof
Rear seat DVD
Trailer tow package
Navigation
20" Aluminum wheels
MSRP $44,545
 
$2000 lease cash plus $1000 conquest cash
 
36 months, 15K miles per year with $760 total out of pocket for $442 per month including 7.75% tax rate. I'm looking to do better but it gets exhausting spending so much time at the dealer. Internet quotes aren't coming in this low. Thoughts?

#515 of 603 Explorer Base XLT Lease by ootsie79

Feb 10, 2013 (8:15 am)

Hello, all. Have been doing research on the Explorer for my wife and found this forum which has been very helpful! Hopefully someone can provide me feedback on the deal I've negotiated on a base XLT with no options in NJ.
 
MSRP $33,400
12,000 miles/year
$2,000 down total including tax, tags, fees, and first month's payment.
$279/month
 
This is the lowest I've gotten after going to 3 dealerships. Would appreciate any input. Thanks!

Messages Page 52 of 61

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement