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2014 Ford Explorer Lease Questions

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  • nick3941sdnick3941sd Posts: 1

    Can I get MF and residual on a 2014 Explorer Sport 36mo 15k. As well as your estimate on payments. Explorer Sport has 400a, towing, nav, and sunroof.

    MSRP is 46,200. Selling price is 40,820 with 3k in incentives.

    Hope you can work with the info provided. Thanks!

  • MichaellMichaell ColoradoPosts: 8,019

    @nick3941sd said: Can I get MF and residual on a 2014 Explorer Sport 36mo 15k. As well as your estimate on payments. Explorer Sport has 400a, towing, nav, and sunroof.

    MSRP is 46,200. Selling price is 40,820 with 3k in incentives.

    Hope you can work with the info provided. Thanks!

    .50% MF with $2250 lease cash - I assume the $3K you reference includes that.

    Residual is 52% for 36/15

    Plugging in your MSRP and selling price, I get a pre-tax payment of $480.17/mo.

    What state do you live in? There are a few states - IL, TX, GA - that apply sales tax to the entire purchase price and not just to the payment. One state - NJ - collects taxes up-front for the entire lease amount.

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  • rmnjrmnj Posts: 1

    Looking to get a money factor and residual on a 2014 Explorer Sport Lease 10,500 miles - 39 months. Car is from NJ, MSRP is $50840 and negotiated is $49000. Total money down is $7980

  • MichaellMichaell ColoradoPosts: 8,019

    @rmnj said: Looking to get a money factor and residual on a 2014 Explorer Sport Lease 10,500 miles - 39 months. Car is from NJ, MSRP is $50840 and negotiated is $49000. Total money down is $7980

    .75% mf and 53%

    Putting a large amount of money down on a lease is not recommended. If the car is stolen or totaled, you will lose that money.

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  • Looking for information on lease for 2014 Explorer Sport - I live in Maryland. 15K - 36 months; MSRP is $49,790 - negotiated price is $44,200. (Although my paperwork says $46,720 for agreed upon value). Payment quoted is $599.28 for 35 months (they make 1st payment). Residual value is listed as $25,890.80; $3K down.

  • kyfdxkyfdx Posts: 31,076

    0.50% APR and 52% residual. $2250 lease cash

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  • timj757timj757 Virginia BeachPosts: 13

    Hi I see the ad on edmunds for leasing a 2014 ford explorer for $250 per month; is this for all models or only certain models? I was interested in getting the sport model; what si the RV and MF? Thank you for your help?

  • kyfdxkyfdx Posts: 31,076

    @timj757 said: Hi I see the ad on edmunds for leasing a 2014 ford explorer for $250 per month; is this for all models or only certain models? I was interested in getting the sport model; what si the RV and MF? Thank you for your help?

    I haven't see the ad, so I can't comment. Usually, if you click on the ad, it will take you to a disclaimer page with details.

    0.50% APR and 52% residual for 36mo, 15K/yr. $2250 lease cash.

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  • ant4423ant4423 Posts: 3

    Would like to share my lease deal in PA seemed like a good one for me. 2014 Explorer Sport w/401a & tow. MSRP 47,300 Neg price 41.250 (includes incentives, rebates 3k+) Monthly payment $499 (includes tax) Total out of pocket $1200 which includes 1st month 36month 10,500miles Was going to wait for the 2015 but was thinking I wasn't going to be able to get a deal like this with 3k+ in incentives.

  • dasayayindasayayin Posts: 7
    I would like to know the location of the dealership so I could go there in get it
  • ant4423ant4423 Posts: 3
    edited June 18

    @dasayayin said: I would like to know the location of the dealership so I could go there in get it

    John Kennedy Ford ask for Nick W[last name removed] he was a really great salesman

  • egib44egib44 Posts: 9

    Hi, In NJ and I am looking for the MF and Residual for an Explorer base model. 36 months and 15,000 miles.

  • egib44egib44 Posts: 9

    In NJ was offered base model Explorer with two wheel drive for a selling price of $28,400 while the MSRP is $31,400. 36 months with 15,000. $0 out of pocket. MF is .50 and residual is 53%. Payment with taxes included is $395. Does that seem high?

  • kyfdxkyfdx Posts: 31,076

    @egib44 said: In NJ was offered base model Explorer with two wheel drive for a selling price of $28,400 while the MSRP is $31,400. 36 months with 15,000. $0 out of pocket. MF is .50 and residual is 53%. Payment with taxes included is $395. Does that seem high?

    I show 0.50% APR and residual of 52%.

    But, with a 53% residual, I get a payment of $336/mo. If it is truly $0 out of pocket, then add in taxes, fees, 1st payment, title/registrations, and you can easily get up to $395/mo.

    There is $2250 of lease cash on this model. If the $3000 discount already accounts for that, then I'd want a lower selling price.

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  • egib44egib44 Posts: 9

    Thanks so much for responding. You are right. She corrected the residual to 52%.

    So I should ask her what applies, the $2250 lease cash or the $3000 discount? If she says the $3000 then I should ask that the selling price be lower?

    If nothing changes, would you consider this to be a fair deal?

  • kyfdxkyfdx Posts: 31,076

    @egib44 said: Thanks so much for responding. You are right. She corrected the residual to 52%.

    So I should ask her what applies, the $2250 lease cash or the $3000 discount? If she says the $3000 then I should ask that the selling price be lower?

    If nothing changes, would you consider this to be a fair deal?

    I'm sure that the $2250 lease cash has been applied... they are only giving an additional $750 discount. Just ask about the lease cash, and ask for a lower price.. Every $100 lower drops about $3/mo. off the lease payment

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  • egib44egib44 Posts: 9

    Ok, thanks. So the lease price is fine based on that selling price, but the selling price could be lower.

  • kyfdxkyfdx Posts: 31,076

    @egib44 said: Ok, thanks. So the lease price is fine based on that selling price, but the selling price could be lower.

    Yes.

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  • aharpaharp Posts: 6

    Hi - looking at leasing a 2014 or 2015 Ford Explorer. Could you please share the money factor, etc. for the month? Looking at a 2014 explorer with MSRP $33,400 (has 4WD, satellite radio + sync) less $2k rebate & $384 market savings + $499 dealer fee = $31,515 purchase price. 7.62% is my tax rate - would love some guidance, please and thank you! 3 year lease, 15k mi/year.

  • aharpaharp Posts: 6

    @aharp said: = $31,515 purchase price.

    Got down to $29,985 - 51% RSV and 1%mf = $441/mo + tax $474/mo total $0 down, 1st payment, $499 dealer fee

    Thoughts?

  • kyfdxkyfdx Posts: 31,076

    $474/mo. for a vehicle with an MSRP of $33,400 sounds like a lot...

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  • aharpaharp Posts: 6

    @kyfdx said: $474/mo. for a vehicle with an MSRP of $33,400 sounds like a lot...

    I ran the math and came out lower, too. What payment do you get based on those numbers?

  • kyfdxkyfdx Posts: 31,076

    @aharp said:

    Around $376/mo. + tax..

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  • blueicex01blueicex01 Posts: 2
    What is Money Factor and Residual percentage for 2014 Explorer Limited FWD and AWD? 36months 10,500 miles per year AND 12,000 miles per year? Location: Huntington Beach, CA
    I believe Ford is offering a $1500 cash bonus of some sort plus since my husband serves in the military we qualify for an extra $500.

    Can someone also give me some guidance on what my payment per month should be around for a 36mo lease.
    MRSP: $44,950.
    Comes w equipment group 301a
    I've always purchased a vehicle and I'm kind of lost on how to negotiate a lease. Thanks!
  • kyfdxkyfdx Posts: 31,076

    @blueicex01 said: What is Money Factor and Residual percentage for 2014 Explorer Limited FWD and AWD? 36months 10,500 miles per year AND 12,000 miles per year? Location: Huntington Beach, CA I believe Ford is offering a $1500 cash bonus of some sort plus since my husband serves in the military we qualify for an extra $500.
    Can someone also give me some guidance on what my payment per month should be around for a 36mo lease. MRSP: $44,950. Comes w equipment group 301a I've always purchased a vehicle and I'm kind of lost on how to negotiate a lease. Thanks!

    Our Ford numbers expired on the 7th, and we are waiting for new numbers... We only have residuals at this time.

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  • MichaellMichaell ColoradoPosts: 8,019

    @blueicex01 said: What is Money Factor and Residual percentage for 2014 Explorer Limited FWD and AWD? 36months 10,500 miles per year AND 12,000 miles per year? Location: Huntington Beach, CA I believe Ford is offering a $1500 cash bonus of some sort plus since my husband serves in the military we qualify for an extra $500.
    Can someone also give me some guidance on what my payment per month should be around for a 36mo lease. MRSP: $44,950. Comes w equipment group 301a I've always purchased a vehicle and I'm kind of lost on how to negotiate a lease. Thanks!

    You negotiate a lease the same way you do a purchase. Get the best price and interest rate - except in a lease that's called the money factor.

    Limited AWD 36/12 - 51%

    Add 1% for 10K; deduct 1% for 2WD.

    MF is .50% and there is $2250 lease cash this month.

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  • blueicex01blueicex01 Posts: 2
    Thanks for the help. Here is my deal I made in CA. 2014 Explorer Limited w/300a package & voice navigation and power lift gate. MSRP $40,605. Neg Price $30,870 (includes incentives/rebates $2750, trade in $3500, and I chose to put $1,000 down in cash)
    36mo lease 15k miles/yr
    Monthly payment $417 (includes tax) of 35 payments
  • kyfdxkyfdx Posts: 31,076

    Congrats! Looks like a good deal.

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  • gobluejdgobluejd Posts: 29
    edited July 21

    Looking for Money Factor and Residual for 2015 Explorer, AWD, 15k and 18k for 36 months. Also dealer is telling me only $500 for rebate, yet everywhere I look it is $1500.

  • MichaellMichaell ColoradoPosts: 8,019

    @gobluejd said: Looking for Money Factor and Residual for 2015 Explorer, AWD, 15k and 18k for 36 months. Also dealer is telling me only $500 for rebate, yet everywhere I look it is $1500.

    Which trim level?

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