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SUVs Ford Explorer Ford Explorer: Lease Questions
245 messages, Last post on Sep 29, 2009 at 2:26 AM
You are in the Ford Explorer Forum. Your Hosts are steve_ & tidester
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Replying to: wbenedict (Feb 18, 2008 7:38 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Ok heres the deal, I am about 10K upside down on a 08 Acura TL. Long story short my company requires us to have a 3 year or newer vehicle for the car program they have for outside salesmen and I traded a 3 year old Titan and got into a car... 1) Hate a car 2) drive onto construction sites sometimes etc, not practical for my job big mistake.. I bought this car in hopes it would hold its value over 3 years and after running the numbers I am eventually going to be in a similar situation in 3 years as I was with the Titan by rolling over negitive equity on trade in. I am looking at 2008 Explorers Eddie Bauer lease with X plan and $4250 in rebates. with this much negitive equity Im told I cant look at xlt b/c they wont do the loan off the msrp. So I am looking at leasing for 39 months to get out of being upside down. My payments are going to stay the same but I want to make sure I am not getting jerked around on the lease, it is figured at 18K miles a year. Here goes. 2008 4x4 Eddie Bauer V6. I live in Louisville Ky. The way I see it: MSRP - $35450 X plan Price = $33,489 agreed selling price with dealer Lease cash - $4250 = $29,239 Negative Eq. + 10,000 = $39,239 $Down 1000 Payments should be close to around $700 before tax. For some reason the dealer is figuring this and I dont know what some of the terms mean, it is off his quote worksheet. Selling price - $44,000 Cap Fee Window - $1,243 MFD Rebate - $4,250 Cash Cap Reduction - $969 Adj Cap Cost $40,024 MSRP $35,450 Residual % 39 Residual value $13,825.50 APR 2.75% Term 39 Tax window $2125 Base monthly Payment = $733 Total monthly Payment = $807.72 Due at signing - $2,160 I dont know what to make of all this. Am I getting a good deal considering the mess I am in? The payment on the lease is to the dollar amount I am paying on the Acura on a 60 month note. In theory I want to be able to throw the keys on the table in three years and be done with upside down on every car I have ever owned. But I can't decide what to do. Regards
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Replying to: kirk94 (Apr 03, 2008 3:01 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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36 month lease on 2008 EB; Nav system; Power Moonroof; 18" Chrome clad Alum Wheel;Aux Climate Control; Reverse Sensing; 50/50 Fold 3rd Seat; Luxury Pkg; X-PLAN Price; Rebates total about $6.6K; Residual 17-18K; 10.5K miles per year Out of pocket = $1700. 36 X 480per month. Thanks for your comments. |
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Hi Carman, Looking to get 2010 Ford Explorer Sport Trac V6 4x2 Limited edition with couple of options for MSRP 34,700. I'm looking to lease, here is the info: Houston Area 15,000 or 12,000 miles/year for 36 months want to put very little to nothing down Can you tell me any lease support/rebates that may apply to the price and also the money factor and residual values?
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Replying to: audimanhouston (Sep 14, 2009 5:38 pm)  ). Like all domestic manufacturers, Ford has decided to cut way back on leasing over the past year. While it is providing lease support on several models, unfortunately the Explorer is not currently one of them. It might be possible to lease an Explorer through an independent bank, but even if you were able to find a bank that was willing to lease one to you it likely would be a terrible deal. If you really want a 2010 Explorer, you would be better off financing it through Ford Credit at 1.9% for 3 years, 2.9% for 4 years, or 3.9% for 5 years. OR financing paying cash for it or financing it through an independent bank and taking advantage of the $3,000 cash incentive that is available on it this month. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Sep 15, 2009 1:46 am) . I'm doing a bit of car shopping for my in-laws who lease cars for their business so they don't really have the buy option and their leases expire soon. my mother-in-law is deciding between audi q5 (fingers crossed) and mercedes GLK so I'll ping you for lease advice once she makes the decision. thanks for all your help.
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Hi everyone... I need help... I lost my keys for my explorer, I had the vehicle towed up to the dealership & had 2 new keys & programing done. The vehicle was driven home & then started once. I had to run back into the house after I started it the second time & took the keys out. I came back out to leave & my car wouldnt start again. I know it has something to do w/ the keys cause my car is in rather good shape & nothing else could be the problem. Of course the dealership is denying any programing they did was wrong. Do you have any ideas??
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Replying to: chryssi (Sep 16, 2009 6:14 am) You'll have a better chance at getting an answer to your question here: Ford Explorer Maintenance and Repair |
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Replying to: audimanhouston (Sep 15, 2009 7:42 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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