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Ford Explorer Lease Questions

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

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

    

Messages Page 53 of 61

#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!

#516 of 603 Re: Explorer Base XLT Lease [ootsie79] by rehab702

Feb 11, 2013 (9:35 am)

Replying to: ootsie79 (Feb 10, 2013 8:15 am)
You left out a critical part of the equation. How many months is the lease?

#517 of 603 Explorer Limited w/res Lease by mike2555

Feb 11, 2013 (10:26 am)

I am looking for money factor and residual value on a 2013 Explorer Limited with rear seat entertainment. I am in Southern California and need 12,000 miles per year on a 36 month lease.
 
If anybody has this information it would be much appreciated. I am in the process of formulating the numbers.
 
Thanks

#518 of 603 Re: Explorer Base XLT Lease [rehab702] by ootsie79

Feb 11, 2013 (11:05 am)

Replying to: rehab702 (Feb 11, 2013 9:35 am)
Yes I did...36 months. We're scheduled to sign on Friday.

#519 of 603 Re: Explorer Base XLT Lease [ootsie79] by rehab702

Feb 11, 2013 (1:31 pm)

Replying to: ootsie79 (Feb 11, 2013 11:05 am)
Doesn't say anywhere in your original post that it was 36 months, maybe you had an earlier post that I didn't see. Either way that clears it up. Thanks!

#520 of 603 Re: Explorer Base XLT Lease [rehab702] by ootsie79

Feb 11, 2013 (2:15 pm)

Replying to: rehab702 (Feb 11, 2013 1:31 pm)
Sorry...meant yes I did forget to include it. Was my mistake. Thanks for responding to my post.
 
More info that might be helpful, I think they're using a .25% interest rate, and when I run the numbers, I came to the conclusion that they're using a residual of about 58%, which I believe is good.

#521 of 603 Re: Explorer Base XLT Lease [ootsie79] by rehab702

Feb 11, 2013 (2:36 pm)

Replying to: ootsie79 (Feb 11, 2013 2:15 pm)
I'm looking at the same vehicle and trying to determine whether to buy or lease. The residual and interest rate look very good.
 
What rebates did you qualify for?
Does your monthly payment include sales tax?

#522 of 603 Re: Explorer Base XLT Lease [rehab702] by ootsie79

Feb 11, 2013 (6:56 pm)

Replying to: rehab702 (Feb 11, 2013 2:36 pm)
Qualify for about $3,000 in incentives which includes $1,000 in conquest cash.
 
Payment includes sales tax. Residual might actually be a bit higher because the lease calculator didn't calculate registration and title which is included as well.
 
We also requested the Explorer brochure in the mail which may or may not contain a coupon for more off. Dealer said if it comes before Friday, he will honor it.

#523 of 603 Re: Explorer Base XLT Lease [ootsie79] by rehab702

Feb 11, 2013 (11:26 pm)

Replying to: ootsie79 (Feb 11, 2013 6:56 pm)
Excellent! I qualify for the lease conquest and received a $750 certificate in the mail.
 
Good luck and thanks for the info.

#524 of 603 Re: Explorer Base XLT Lease [rehab702] by ootsie79

Feb 12, 2013 (7:20 am)

Replying to: rehab702 (Feb 11, 2013 11:26 pm)
How long did it take you to receive the $750 in the mail? We submitted an online request on 2/2/13. Received a brochure, but no coupon.

Messages Page 53 of 61

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