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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 11 of 14

#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.

#98 of 132 Re: Hoss5 [hoss5] by wvgasguy

Nov 22, 2007 (8:38 pm)

Replying to: hoss5 (Nov 21, 2007 8:23 pm)
If you're already trading an 04 then you probably won't get the full advantage of a 0% financing on the 07. Those deals really only save you the full amount when you indeed keep the vehicle for the life of the loan. Typically if you trade every 2 or 3 years take the rebates,
 
I found the leases complicated but had 2 dealers explain it because it seemed too good to be true. Was better off with an 08 rather than an 07. The fact that this is an 07 with miles may hurt you in trying to lease it.
 
The advantage I had with the lease is that you still get the rebates but the lease financing was only 0.5% on my loan. With a 2 year residual of 52%, that means I'm basically financing half of the vehicle close to 0% anyway. Comparing the lease to a loan from my Credit union, I actually can lease and then buy a lot cheaper than just buying.
 
0% is a good thing but don't try to fool yourself if you know you're going to trade in a few years. In two years your 07 will be 3 years old and worth about 45% of MSRP.
 
If you don't believe that how about the $10.5 they are offering you now?
 
Also with 87K miles on an 04, I'm guessing you drive a lot and that could be pretty expensive on a lease. I have the max at 19,500 miles per year and anything over that is 20 cents a mile (unless I buy it)

#99 of 132 Can I negotiate further on this Eddie Bauer Deal? by davidr719

Dec 09, 2007 (5:12 pm)

Hi, I am in the process of trading in my 2006 Eddie Bauer Explorer that is coming off lease and looking to take advantage of the program they have in place to keep you in one for 2008. My question is the vehicle I am looking at has an MSRP of $33,940. my question is can you further negotiate the price because I am already getting $2,500 + $1,000 as listed on ford's website. I believe I also get an additonal $1,000 loyalty cash back if i get back into another explorer. That means I am already getting $4500 off the MSRP. I know I am supposed to negotiate from the Invoice - holdback up...but are they going to give me a song and dance that i am already getting so much off? But so, far, the rebates are only from the manufacturer, not the dealer so is there room to move?
 
The monthly lease payment is looking to be $430 for me. I am doing 39mths at 18k per year with first month + tag fees for a total of $520 out the door. I am in Phila, PA. I would really like to see if I can get more off from their end because so far, the dealer hasn't discoutned anythign or is tht considered when the manufacturer builds in those rebates. If i can negotiate, what is reasonable? Thanks

#100 of 132 Re: Can I negotiate further on this Eddie Bauer Deal? [davidr719] by wvgasguy

Dec 10, 2007 (7:37 am)

Replying to: davidr719 (Dec 09, 2007 5:12 pm)
Rebates are not dealer discounts. You should be able to get both. I actually got my Expedition lease with XPlan pricing and rebates. Very satisfied.

#101 of 132 Re: Can I negotiate further on this Eddie Bauer Deal? [wvgasguy] by davidr719

Dec 10, 2007 (5:13 pm)

Replying to: wvgasguy (Dec 10, 2007 7:37 am)
The guy told me that ford, when they build lease lease deals, they build them at invoice price and thats it...as if there is no room to negotiate beyond the factory.

#102 of 132 Re: Can I negotiate further on this Eddie Bauer Deal? [davidr719] by wvgasguy

Dec 11, 2007 (2:45 pm)

Replying to: davidr719 (Dec 10, 2007 5:13 pm)
If you got it at invoice I;m not sure I'd haggle the dealer too much for anymore anyway. However, as I said I got mine at x-plan less $1500 rebates as my capital costs

#103 of 132 Money Factor, Residual - Leasing Eddie B Expedition by freddy533

Dec 15, 2007 (9:17 pm)

Hi -
i'm ready to lease a 2008 Eddie Bauer Expedition.
Any idea what Ford Credit's current money factor is?
How about the residual on the 2008? (x% of MSRP).
assume 36 month lease.
 
With options, the vehicle I'm looking at is about a $44000 (including destination).
I'm just checking edmunds now, but invoice looks to be $39500.

#104 of 132 Re: Money Factor, Residual - Leasing Eddie B Expedition [freddy533] by wvgasguy

Dec 17, 2007 (6:59 am)

Replying to: freddy533 (Dec 15, 2007 9:17 pm)
That's about the same vehicle I got ($43,800) a month ago, and the interest rate used for the money factor was 0.5% then. However I got a 24 month lease and the residual was 52% due to selecting the 19,500 mile per year option (which was a 3% difference than the 15,000 mile option). It was a lot cheaper to lease for 2 years and then buy than it was to just buy now at current interest rates. I liked the idea of being able to walk away in 2 years if they offer a diesel option or if gas prices are $5, or simply buying it at 52% of MSRP if I still want it.

Messages Page 11 of 14

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