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2014 Ford Explorer Lease Questions

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  • gobluejdgobluejd Posts: 25

    Sorry, Limited.

  • gobluejdgobluejd Posts: 25
    edited July 21

    Can you also confirm Rebate? It would not hurt to also have FWD with V6 (non-eco).

  • MichaellMichaell ColoradoPosts: 6,532

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

    FWD 48%

    AWD 49%

    Deduct 2% for 18K

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

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  • gobluejdgobluejd Posts: 25

    Can I ask how you know about the $2250 lease cash? Dealer is not saying anything about this. I'd like to be able to back up my claim. Thanks for replying.

  • MichaellMichaell ColoradoPosts: 6,532

    @gobluejd said: Can I ask how you know about the $2250 lease cash? Dealer is not saying anything about this. I'd like to be able to back up my claim. Thanks for replying.

    The documents I reference are from Ford. If they aren't forthcoming about the incentives, you may want to reach out to another dealer.

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  • gobluejdgobluejd Posts: 25

    I think that is for a 2014.....I need 2015...At least that is what they are telling me....correct?

  • MichaellMichaell ColoradoPosts: 6,532

    @gobluejd said: I think that is for a 2014.....I need 2015...At least that is what they are telling me....correct?

    My apologies ... I didn't notice that you were asking for 2015 info.

    2WD - 51%

    AWD - 52%

    Deduct 2% for 18K.

    However, I don't have any MF or lease cash info on 2015's.

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  • cagormcagorm Posts: 34

    Hi. Looking for information on a lease of a 2014 Explorer Sport 12K - 36 months. I am also looking to confirm the lease cash available. Many thanks.

  • kyfdxkyfdx Posts: 29,962

    @cagorm said: Hi. Looking for information on a lease of a 2014 Explorer Sport 12K - 36 months. I am also looking to confirm the lease cash available. Many thanks.

    0.50% APR and 54% residual. $2250 lease cash.

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  • amgrouchy1amgrouchy1 Posts: 8

    hi, i ordered a 2015 explorer sport and now its on its way to the dealer. can you give me the residual and mf for 24mos 10,500 miles per year and 36 mos 10,500 miles per year? I was given a MF of .50% and residual of 67% for 24 months. The MF jumped to 1.25% for 36 months and the residual went to 58% I was also given two $500 rebates on the either lease term. I am a returning customer with excellent credit ... is the 36 month MF correct?

  • kyfdxkyfdx Posts: 29,962

    @amgrouchy1 said: hi, i ordered a 2015 explorer sport and now its on its way to the dealer. can you give me the residual and mf for 24mos 10,500 miles per year and 36 mos 10,500 miles per year? I was given a MF of .50% and residual of 67% for 24 months. The MF jumped to 1.25% for 36 months and the residual went to 58% I was also given two $500 rebates on the either lease term. I am a returning customer with excellent credit ... is the 36 month MF correct?

    The residuals are correct.

    Unfortunately, we don't have any of the money factors/APRs for the 2015 models. But, given what they've had in the past, your dealer quotes look likely to be the base numbers. It's pretty typical for Ford to have a higher MF/APR for the 36 month term vs. 24 months.

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  • sho220zsho220z Posts: 10

    I am located in Kane County, NW burbs of Chicago, and I am trying to lease an Explorer Sport.

    Looking for 12K or 15K per year, 36 months, MF and residuals.

    I cannot decide between a 2014 or a 2015, nor can I figure out how well either will lease. The specific vehicle I am hunting for is a black on black Explorer Sport with 401A, Moonroof, and trailer pack.

    So my questions: Which has the best lease terms right now, and what are the available lease incentives available for either? And taking them into account, what monthly payment can I expect?

  • MichaellMichaell ColoradoPosts: 6,532

    @sho220z said: I am located in Kane County, NW burbs of Chicago, and I am trying to lease an Explorer Sport.

    Looking for 12K or 15K per year, 36 months, MF and residuals.

    I cannot decide between a 2014 or a 2015, nor can I figure out how well either will lease. The specific vehicle I am hunting for is a black on black Explorer Sport with 401A, Moonroof, and trailer pack.

    So my questions: Which has the best lease terms right now, and what are the available lease incentives available for either? And taking them into account, what monthly payment can I expect?

    We don't have all the numbers on the 2015 Explorer just yet.

    In general, I would think the 2014 will lease better as there is $2250 in lease cash available - apply this after negotiating your best price.

    Can't give you a price unless we have both an MSRP and a selling price.

    What lease term and how many miles per year are you looking for?

    One last thing - at the moment, IL charges sales tax on the entire selling price of the vehicle, not just the monthly payment. This will make your payment much higher. The law is changing, but not until 1/1/15.

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  • sho220zsho220z Posts: 10
    edited July 25

    Okay, looking for 36 months, 12K or 15K per year. Lets assume Invoice minus incentives as a baseline. With the options I selected (401A, trailer package, moonroof, all weather mats) I am showing an invoice of $46,152, and an MSRP of $48,940. These will obviously vary slightly depending on the cars on the ground.

    As for incentives, I see the following: Conquest Bonus: $1,000 (I have a current VW lease) Student/College Grad: $500 (My wife is taking classes at our local CC) Lease cash: $2,250 USAA member: $100

    Total Incentives: $3,850

    Assuming Invoice minus incentives, I would be looking at a sale price of $42,302.

    Does this help?

  • MichaellMichaell ColoradoPosts: 6,532

    @sho220z said:

    Okay, looking for 36 months, 12K or 15K per year. Lets assume Invoice minus incentives as a baseline. With the options I selected (401A, trailer package, moonroof, all weather mats) I am showing an invoice of $46,152, and an MSRP of $48,940. These will obviously vary slightly depending on the cars on the ground.

    As for incentives, I see the following: Conquest Bonus: $1,000 (I have a current VW lease) Student/College Grad: $500 (My wife is taking classes at our local CC) Lease cash: $2,250 USAA member: $100

    Total Incentives: $3,850

    Assuming Invoice minus incentives, I would be looking at a sale price of $42,302.

    Does this help?

    Yes. And, I just realized you had provided the lease term and miles per year in your original post; sorry for missing that the first time around.

    Using the MSRP and Invoice price - $2250 = $43,902. (I'll touch on the other incentives in a moment), along with the base MF of .5% and 36/15 residual of 52%, I get a pre-tax payment of $527.15 for 36 months.

    However, IL charges sales tax on the entire selling price - up front. So, we would have to add in that amount to the net cap cost. What is the sales tax rate where you live? 8% added on takes the net cap to $47,414, and your payment to $625.45.

    Regarding incentives - be careful when trying to stack all incentives. Sometimes they can combine, sometimes not.

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  • sho220zsho220z Posts: 10

    I am in Kane County, Elgin IL specifically.

    I believe all the incentives I listed stack, according to the one dealer I am working with.

  • MichaellMichaell ColoradoPosts: 6,532

    @sho220z said: I am in Kane County, Elgin IL specifically.

    Sorry, I don't have all the sales tax rates committed to memory. :smile:

    I believe all the incentives I listed stack, according to the one dealer I am working with.

    As one of our past presidents once stated - "Trust, but verify". I don't have any incentive information available to me ... use the shopping tools at the top of the page to see what Edmunds' has to say.

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  • mac_attackmac_attack Posts: 22

    In North Carolina or in general, for a well loaded 2015 Ford Explorer, what monthly payment can you expect for a 12Kmiles/yr for 36 months? and mf/residual?

  • kyfdxkyfdx Posts: 29,962

    @mac_attack said: In North Carolina or in general, for a well loaded 2015 Ford Explorer, what monthly payment can you expect for a 12Kmiles/yr for 36 months? and mf/residual?

    Too general of a question to give a good answer. Residuals vary according to trim level and FWD or AWD.. And, of course the payment will vary greatly, depending on the MSRP and negotiated purchase price.

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  • mac_attackmac_attack Posts: 22
    null
    Awd sport, loaded - 47K
  • MichaellMichaell ColoradoPosts: 6,532

    @mac_attack said: null Awd sport, loaded - 47K

    Is the $47K the sticker price or the negotiated price? We will need both in order to model a payment for you.

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  • gq3856gq3856 Posts: 39

    Just a few questions. I am in NY and looking at the explorer sport are these numbers correct Mf .50 RV 54% on a 36 month lease 12000 yr lease cash 2250

    Are the above numbers correct when does lease cash expire (end of month) what are the 24 month numbers MF/RV for 12000 miles yr Do you get the same lease cash on 24 month lease.

    Thanks Again for all your help.

  • kyfdxkyfdx Posts: 29,962

    @gq3856 said: Just a few questions. I am in NY and looking at the explorer sport are these numbers correct Mf .50 RV 54% on a 36 month lease 12000 yr lease cash 2250

    Are the above numbers correct when does lease cash expire (end of month) what are the 24 month numbers MF/RV for 12000 miles yr Do you get the same lease cash on 24 month lease.

    Thanks Again for all your help.

    Yes, those numbers are correct... the lease cash is scheduled to run through September 30th, but they could always make unscheduled changes.

    0.25% APR and 63% for 24mo, 12K/yr. $2250 lease cash, as well.

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  • gq3856gq3856 Posts: 39
    edited July 28

    Thanks for the info are the lease numbers the same for both limited and sport models. If leasing can i still take advantage of the current rebates available.

    Thanks again

  • kyfdxkyfdx Posts: 29,962

    @gq3856 said: Thanks for the info are the lease numbers the same for both limited and sport models. If leasing can i still take advantage of the current rebates available.

    Thanks again

    The Limited residuals are 3% lower than the Sport. All other numbers are the same. There are likely to be certain purchase/finance rebates that are incompatible with the lease cash. Domestic makes have a lot of different programs, and it's hard to say what is and isn't stackable.

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  • sho220zsho220z Posts: 10

    @Michaell said: As one of our past presidents once stated - "Trust, but verify". I don't have any incentive information available to me ... use the shopping tools at the top of the page to see what Edmunds' has to say.

    Kane county is 8.25% sales tax.

  • MichaellMichaell ColoradoPosts: 6,532

    @sho220z said: Kane county is 8.25% sales tax.

    My calculations above were based on 8% sales tax, so a pretty close guess; with 8% tax added in up front, the payment was $625/mo. Increase that a bit for the extra quarter point.

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  • gq3856gq3856 Posts: 39

    @kyfdx said: The Limited residuals are 3% lower than the Sport. All other numbers are the same. There are likely to be certain purchase/finance rebates that are incompatible with the lease cash. Domestic makes have a lot of different programs, and it's hard to say what is and isn't stackable.

    Is the below cash back stackable with a lease

    Customer $ Offer

    Requirements and Restrictions: $500 Customer Retail Cash may not be combined with 0% - 1.9% APR. Must finance through Ford Motor Credit Company. Customer $ Offer Start End $500 07/08/2014 07/31/2014

  • MichaellMichaell ColoradoPosts: 6,532

    @gq3856 said: $500 07/08/2014 07/31/2014

    I would say no. This is a purchase incentive and probably not stackable with a lease.

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  • gq3856gq3856 Posts: 39

    Any idea when august lease info will be available

    Thanks

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