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Ford Expedition: Lease Questions

132 messages,  Last post on Apr 21, 2013 at 3:29 PM

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

    

Messages Page 10 of 14

#88 of 132 post 83 by antnec

Oct 17, 2007 (9:22 am)

Car man
 
when will you be able to answer post #83
 
thanks
anthony

#89 of 132 Re: 2008 Exped Limited EL 4x4 lease [antnec] by Car_man HOST

Nov 07, 2007 (5:05 am)

Replying to: antnec (Sep 11, 2007 8:14 pm)
Hi Anthony. The truck that you described probably has a spread of around $4,700 to $4,800 between its full MSRP and its dealer invoice price. In addition to this spread, Ford is currently providing $1,000 bonus cash and $500 lease cash ($1,500 total) on it. This gives you a total of over $6,000 to play with in your negotiations. If I was in the market for this truck, I personally would want a larger discount than the $3,600 that you were quoted. I would shoot for a discount of at least $5,000.
 
The lease rate that you were quoted for this truck looks about right to me. Vehicles' residual values are always calculated as a percentage of their full MSRPs. The acquisition fee is OK as well. Ford Credit charges a $595 acquisition fee on every vehicle that it leases.
 
I have never personally leased a vehicle through Ford Credit, but I have never seen anyone complain about them being unusually strict when evaluating vehicles for excess wear and teat at lease-end. I have found that most manufacturers' captive finance companies are very reasonable when evaluating the lease-end condition of vehicles. If I was leasing this truck, I personally would pass on any additional excess wear and tear coverage.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#90 of 132 2008 expedition el limited loaded by kevinulms

Nov 07, 2007 (4:41 pm)

does anyone know what the going lease rate for an 08 el limited loaded would be for 3 years 36000 miles with 4000 thousand up front .....

#91 of 132 Re: RCL Residuals - 08 Expy [rob052067] by Car_man HOST

Nov 08, 2007 (3:07 am)

Replying to: rob052067 (Sep 13, 2007 10:17 am)
Hey rob052067. The options that a vehicle is equipped with have not impact upon Ford Credit's residual values. The only things that have affect the residual value are trim level and whether the truck that you want is 2WD or 4WD.
 
I believe that 10,500 miles per year is Ford Credit's lowest mileage option.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#92 of 132 Re: Car Man please help Lease questions 2007 Expedition 4X4 XLT [macsnjets] by Car_man HOST

Nov 08, 2007 (3:12 am)

Replying to: macsnjets (Sep 16, 2007 8:27 am)
Hi macsnjets. Let's work up a lease payment on this truck and see what we come up with. According to my calculations, if you were to lease a 2008 Ford Expedition XLT 4WD that has an MSRP of $39,875 and a selling price of $34,500 through Ford Credit right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $465. As you can see, this is pretty close to the payment that you came up with yourself.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#93 of 132 Re: 2008 Expedition Limited [gonecruzan] by Car_man HOST

Nov 08, 2007 (3:20 am)

Replying to: gonecruzan (Sep 21, 2007 5:23 am)
I'm glad that you enjoy this forum so much, gonecruzan. Unfortunately, chances are that you will not be able to take advantage of the fact that you are way under your Explorer's mileage limit. In order to do so, it much be worth significantly more on the open market than your purchase option for it. This is usually not the case, especially with domestic vehicles. If it was, you could trade it in or purchase it and sell it privately.
 
In order to determine whether you should purchase your vehicle at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your truck's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.
 
As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values".
 
If you believe that your Explorer is worth significantly more than it would cost you to purchase it, then you might want to consider trying to profit from its low mileage. If not, then just walk away at the end of your lease.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#94 of 132 Re: Leasing an Expedition [dylcon] by Car_man HOST

Nov 09, 2007 (3:12 am)

Replying to: dylcon (Oct 13, 2007 6:38 pm)
Hi dylcon. Let's see just how much going with a 39 month lease instead of 36 months will lower this truck's monthly payment. According to my calculations, if you were to lease a 2008 Ford Expedition Limited 2WD that has an MSRP of $46,265 and a selling price of $40,681 through Ford Credit right now for 36 months with 10,500 miles per year, your zero down, pre-tax monthly payment would be around $561. The payment for an otherwise identical 39 month lease would be around $553. So it looks like you're looking at a savings of only $8 per month.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#95 of 132 Re: RCL Residuals - 08 Expy [Car_man] by rob052067

Nov 16, 2007 (3:37 pm)

Replying to: Car_man (Nov 08, 2007 3:07 am)
Thanks!!

#96 of 132 Hoss5 by hoss5

Nov 21, 2007 (8:23 pm)

I'm interested in an Expedition EL. I am considering lease vs. purchase. I've looked at a 2007 Expedition EL demonstrator. It has 10,500 miles. The invoice is $43,500 or thereabouts. The purchase price is $41,500 or thereabouts. We have a 2004 Excursion (clean) with 87,000 miles. The dealer only wants to allow me $10,500 on a trade-in. I understand the 66 months, 0% financing on a purchase, however, don't fully understand the intricacies of a Red Carpet Lease as to the residual and the like. Please advise.

Messages Page 10 of 14

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