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Ford Explorer: Lease Questions

245 messages,  Last post on Sep 29, 2009 at 2:26 AM

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

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#206 of 245 Re: Explorer money factors and residuals [4jeeps] by Car_man HOST May 07, 2007 (2:26 am)
Replying to: 4jeeps (Mar 14, 2007 1:10 pm) Hi 4jeeps. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Ford Explorer XLT 4WD with 12,000 miles per year are 4.0% and 43%, respectively in most areas. This truck's lease program is slightly better in certain regions. If you tell me what state you are in I can tell you if you are in an area that has an enhanced lease program for this model. As you can see, Ford publishes lease rates instead of money factors for the vehicles that it leases. You can convert its lease rates into approximate money factor equivalents by dividing them by 2400. When negotiating your capitalized cost for this truck, make sure to take the lease cash that is currently available on it into account.   Car_man Host Prices Paid Forum
#207 of 245 Re: 2007 EXPLORER LEASE [jennian] by Car_man HOST May 07, 2007 (2:28 am)
Replying to: jennian (Apr 04, 2007 10:11 am) Hi jennian. The Ford Explorer's lease program varies by trim level, region, term, and mileage allowance. I would be happy to give you an idea of what the lease program for the truck that you are interested in is like right now, but in order for me to do so I need you to tell me exactly what Explorer you want, i.e. an XLT 2WD, an Eddie Bauer 4WD, etc..., what state you are in, how long you want to lease it for, and how many miles per year you need to be able to drive it. Let me know and I'll tell you what the latest lease program is like.   Car_man Host Prices Paid Forum
#208 of 245 Re: 2007 EB Explorer Lease question [kalik] by Car_man HOST May 07, 2007 (2:30 am)
Replying to: kalik (Apr 19, 2007 4:07 pm) Hi kalik. I don't remember what the lease program was like for the Explorer back in 2004, but it is very possible that its residual values are worse today than they were back then. I would be happy to give you my opinion of the deal that you were quoted, but it would be a big help if you provided me with this truck's full MSRP and selling price first. These numbers will show me how much of a discount you are being given.   Car_man Host Prices Paid Forum Replies to this message: luckycait (May 09, 2007 3:57 pm) Car_man (Jun 08, 2007 1:19 am)
#209 of 245 Re: 2007 EB Explorer Lease question [Car_man] by luckycait May 09, 2007 (3:57 pm)
Replying to: Car_man (May 07, 2007 2:30 am) Hi Carman I'm wondering if anyone could help me out! We are getting a deal and I'm wondering if it's very good? Explorer XLT Leather package Convience Package 3rd seat Climate package Running Boards 6 disk changer MSRP $31,120 We have the Ford X Plan so that make s the price $29,957 We have an '04 Toyota Solara SE Sport that blue books at $12300 but he only wants to give us $11K and we owe $20K so there is another $9K tacked on there is $4K in rebates 36 mos 12K/year Acq. Fee $595 Dock Fee $45 Tax is 7.25% and he has us at 2.25%   He has our payment at $662.53 AND $2000 down. I plugged this into a lease calculator but I came up with alot less. Can you tell me if I'm getting taken? Replies to this message: Car_man (Jun 08, 2007 1:19 am)
#211 of 245 Re: 2007 EB Explorer Lease question [luckycait] by Car_man HOST Jun 08, 2007 (1:19 am)
Replying to: luckycait (May 09, 2007 3:57 pm) Hi luckycait. You are currently $9,000 upside down on your Solara. Ouch . Unless you really need to get an SUV for some reason, like your family is expanding it would really ne in your best interest to wait until you are less upside down on your car to get something new. If you really have to get a new vehicle now, the Explorer is a good one to go with because you will be able to get a pretty big discount on it that will absorb most of your negative equity. The fact that you will be able to lease this truck through the X-Plan is great. It means that you will be able to get an excellent deal on it without having to haggle.   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 2007 Ford Explorer XLT 4WD that has an MSRP of $31,120 and a capitalized cost of $32,957 ($29,957 selling price - $4,000 lease cash - $2,000 cap cost reduction + $9,000 negative equity) through Ford Credit right now for 36 months with 12,000 miles per year, your $2,000 down, pre-tax monthly payment would be around $571. As you can see, there seems to be something wrong with the monthly payment that you were quoted. There's no way that sales tax adds $100 per month to your payment. If I was in your situation I would comparison shop with another dealer or two.   Car_man Host Prices Paid Forum
#212 of 245 Want to buy explorer at end of lease, help by memonster Jun 22, 2007 (5:35 am)
We have the 2004 explorer xlt the purchase options at end of lease term is $16628.05---is this price negotiable? unfortunately my husband thinks he understands car buying but he doesn't. I love my explorer and would really like to keep it and we just put new tires on it thinking we were going to keep it. any tips would be greatly appreciated! oh our miles are low (37100) and there are some minor wear and tear to it.   options (i am sure there are more, but these are the ones that i can think of off hand) third row seat moon roof cd player cruise control power drivers seat airbags 4wd   thanks, aimee Replies to this message: Car_man (Jul 18, 2007 2:30 am)
#215 of 245 Re: Want to buy explorer at end of lease, help [memonster] by Car_man HOST Jul 18, 2007 (2:30 am)
Replying to: memonster (Jun 22, 2007 5:35 am) Hi aimee. Some banks will occasionally negotiate the end of term purchase prices of leased vehicles and others will not. I am not personally all that familiar with Ford Credit's policy on this matter, but give it a shot. You certainly don't have anything to lose by asking for a lower price. I have found that if your initial contact at the bank is unwilling to negotiate that one can often get a manager who is above them to do so. If you do try to negotiate your Explorer's purchase price, stop back and let us know how it went.   Car_man Host Prices Paid Forum

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