Last post on Dec 02, 2013 at 7:59 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Ford Explorer, Car Leasing, SUV
#571 of 661 Re: Rates and general lease info [toast2]
Mar 24, 2013 (12:37 pm)
Hi toast2. Ford Credit's March base lease rate and residual value for a 36-month lease of a 2013 Explorer Sport in the Los Angeles area with 15,000 miles per year are 0.75% and 55%.
Ford is providing a $1,500 cash incentive on leases of this truck in your area right now.
I personally would not buy pre-paid maintenance on any leased vehicle other than an Audi. All I ever do in terms of maintenance on a lease is change the oil every couple thousand miles and perhaps rotate the tires. I usually don't even go to the dealer to do that. Pre-paid maintenance on leased vehicles is usually a waste.
The end of the year, i.e. December, is usually a very good time to get a new vehicle, but you probably want to get one sooner than that. It's difficult to say whether the April deals will be better than the ones that are available right now. If I had to make an educated guess, I personally would say that the April programs will be at least as aggressive as the current ones, perhaps better, but again no one knows for certain what they'll be like at this point.
Prices Paid: Buying & Leasing Experiences Forum
#572 of 661 Explorer Sport Lease info
Mar 24, 2013 (6:00 pm)
Hi Carman, can you give me the MF and Residual for a 36 month 12K per year lease on an Explorer Sport in South Carolina?
Mar 26, 2013 (7:24 am)
So I got the Lease info for South Carolina from a local dealer and I have some questions about the Lease fee. Here are the details. I was quoted a lease fee of 695 from Ford. Is that a standard non negotiable fee?
For anyone else, the APR is .25 or about .000104 MF and residual is 57% for a 36 month/12K miles per year on the Explorer Sport.
Mar 26, 2013 (8:04 am)
I’m trying to understand this process… and I have way too many numbers circling around in my head.
Could you provide the lease rate, MF and residual rate for Florida? Also, do you know anything about whether the tax is rolled back into the capitalized cost or if we simply pay tax in the monthly payment? I'm getting so confused with all the details. We're also considering other cars. But right now we're looking at an Explorer XLT, don't want to pay more than a little over invoice,
plus options $6152-$720 discount: $5,432 for options
Is this where we would add in the acquisition fee, any advertising fee, and tax? Or are these paid as part of inceptions, due at lease signing?
3,925 in rebates - $2,000 cust cash, $425, for first month payment, $1000 lease conquest, $500 college grad
$32,902 est cap cost
Should we put money down or just use the money to pay for inceptions? I guess if the acquisition, advertising and tax are rolled back into the capitalized costs, then put a down payment? If not, use the money for inceptions? But don’t we pay tax on any money we put down? Is it better just to not put money down and cover the fees and taxes thru inceptions?
If I calculate the Adjusted Cap at $32,902, (no money down, no acquisition, advertising or tax included), using the .25 lease rate (MF .0001), and residual at 56%, MSRP $39,905, residual $22,346.80, term 36 months….
I get a depreciation fee of $293.20, finance fee of $5.25, which equals $298.73 plus 6% tax equals $316.65 total monthly payment… Is that correct?
I don’t have the acquisition fee, advertising fee, doc fees, tax, tag or registration fees, yet. So I cannot calculate what the inception, due at signing amount would be. Do you know what any of these fees might be, or where I can find the info?
Also, again, do you suggest paying these fees upfront as inceptions or rolling them back into capitalized costs? If you roll the tax back in, is it part of gross cap cost, which equals tax rate X (base monthly lease payment X term)… 6% multiplied by $298.73, multiplied by term 36 months… $645.25?
Wouldn’t that change the monthly payment to $316.71 base, plus tax $335.71?
And if I estimate acquisition at $595, doc at $250, advertising at $595, that would change the monthly to
$351.12 depreciation, $5.73 finance fee, equals $356.85, plus tax $378.27
In that case, is it better to cover the $2085.25 at inception, at get the lower payment of $316.65… or roll it all in and pay the $378.27 every month… or is it $356.85 because the tax was rolled back into capitalized cost?
If we put $1500 down, with those fees rolled into cap cost, we’d be at #315.05, plus tax $333.94?
Sorry for so many questions, but I’m trying to understand how this all works.
Thanks for any and all insights.
#576 of 661 Supposed to pick it up Friday !
Mar 27, 2013 (4:19 am)
black 13 Sport with 402a , 2nd row buckets, moonroof, and tow pkg... listed right $49k (higher than the 11 Audi Q5 Prem_ we traded in !)
39 mth 19.5k miles for $497/mth....
good or bad, it is what it is
priced an extended warranty in the 5 to 700 range to cover the 36k thru 63k we'll probably put on it !
Wife is excited about her new car !
#577 of 661 Friday pick up
Mar 27, 2013 (4:43 am)
$497 with tax sounds about right if thats with tax?
post down payment, residual, MF...
#578 of 661 Re: my SPORT lease quote [fenderman2]
Mar 28, 2013 (11:13 am)
Where was this lease from? What numbers did you end up with? I am looking at a lease for nearly the same Explorer Sport, and with nothing down except first payment, the dealer is quoting $612/month.
#579 of 661 XLT vs. Limited Lease
Mar 28, 2013 (6:02 pm)
I'm looking to lease an Explorer in Michigan, and am contemplating both XLT and Limited models. What are MF and Residual for both Limited and XLT. I'm looking at 3 year and 12,000 miles a year. I have Lease conquest rebate, and I believe 1,5000 cash rebates. Is there a reason I should consider one more than the other? Sticker price just about identical....
Thanks Car Man....
#580 of 661 Factory ordered
Mar 28, 2013 (7:41 pm)
We just did a deal for a factory ordered vehicle because we couldn't find any dealerships in Florida that had a vehicle we wanted.
XLT 202A package, Oxford white, black leather interior, splash guard, power lift gate, dual panel moonroof, rear bumper protector, 20" polished aluminum wheels, BLIS plus inflatable rear seatbelt package, voice activated navigation... We may add the alarm system later
Selling price: 38,344 - about 94% of MSRP, we requested 93%, a fair fair market value
Rebates: $3425 - includes $2000 lease conquest, $2425 standard
Interest rate: .25 - MF .0001042
Residual: 57% - 23,238.90
36 months/10,500 miles
We decided to cover some inception costs at $873.08, because to roll it back in to the payments would be at a cost of an extra $26 month, and to cover it now is about $24 a month...
Final monthly $336 plus tax (6%) $356...
The deal could've been a little better at $344 total per month, but at $12 difference from where we felt we should've been, we're ok with that because we get exactly the features, interior and exterior that we wanted. And the shopping process is OVER!! What a relief. Now I can sleep easy.