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Ford Explorer Lease Questions

1101113151635

Comments

  • Yes. Sorry 10500
  • Car Man or anyone......

    I need the January lease rates for 2011 Explorer XLT 4X4. 27 and 36 months at 10,500 miles. Thanks.
  • The rates didn't change from dec. The 24 month at .75 is way better than 2.75 at 36 month
  • Sorry if this is an ignorant question, but I see there are some incentives for the 2011 Explorer. However, they are listed as "cash" incentives. Do these only apply to those purchasing the vehicle outright or also to those leasing?
    Thanks!
  • also, any idea on what lease rate and residual will be for XLT for 12,000 miles?
    Thanks
  • Great news on the explorer the residuals have increased 3%

    so on an ext

    24 month lease is now 70%
    36 month 67%

    the limited
    24 65%
    36 62%

    I am getting a limited next week. The car is amazing. Good luck finding one!
  • jpp5862jpp5862 NCPosts: 297
    Do you care to share the details on your lease? I'm being quoted around $770 for a Limited 4WD with $0 down for cap cost reduction. Way too high for me, so I'm curious what others are seeing. When I build and price it on ford.com I come up with payments about $100 less, I realize that's just an estimate but I don't see anything that would make it be off that much.
  • I am looking to lease a 2011 Explorer Limited 4wd. I found one with a sticker of $47,605. They said I could have x plan pricing of $44429. I need an 18k mile lease. With no cap reduction they quoted $710 for 36 mos and $783 for 24 mos. Due to the extra miles they said the residual was 59% for 24 mos and 50% for 36. Are these good prices? Also, this is in the Chicago region. Lastly, how does the credit tier ranking work? I checked my credit score on line and my FICO score was 699. Any advice would be appreciated.
  • steevosteevo Posts: 330
    Really need to ask if paying 783 to lease a Ford Explorer is a good deal? Regardless of opinion of vehicle, you should simply compare what else is available. Go to the Acura MDX lease questions forum for examples of good lease prices for an even more expensive vehicle.
    Personally, I would draw the line at 550 for an explorer lease. And preferably would pay 450 or less. Otherwise I would lease a luxury nameplate.
    FWIW, you should ask a dealer for a lease quote on an Expedition.You may be surprised....
    Stay away from the Honda Pilot lease forum.... you can probably get 2 for what you are considering paying...
  • jackomojackomo Posts: 11
    Hi Steevo,

    I agree with your comments about the high cost of a lease on Ford Explorer. However I am curious about your recommendation to stay away from Honda Pilot lease forum? I am considering the Pilot as an alternative to explorer as dealers will probably negotiate better pricing as it is not a new model.
  • steevosteevo Posts: 330
    I was being facetious .... implying that the shock of how much cheaper those leases are would be too much for the op to handle ;)
  • jpp5862jpp5862 NCPosts: 297
    I definitely agree, that's way too much for an Explorer. I would go a little higher than $550 for the Limited 4WD with the 302A package as it includes several premium features such as ventilated seats, adaptive cruise control, BLIS, etc. When you price out a similarly equipped MDX or etc it's pretty pricey, but I still agree, for a $45,000 vehicle $780 is too high.
  • 700 bucks is insane for this car! I am Z plan and I have 3k equity from my previous lease to put towards it. I am going to be around 400 a month on a limited 24 month lease. I was going to get an ML350 but I felt like the limited had way more options ( i know that is wired to say!) They have really upped the explorers. You might want to look at the XLT for 24 months since it has 70% residual right now.
  • bretebrete Posts: 8
    Car man,

    What are the Jan lease #'s on the 4wd xlt. 24 and 36 month leases with 10500 milles. Also what are the current ford factory incentives?

    Thank
  • Hi chuck68516. Ford's lease program varies by region. Let me know what state you are in and I'll be happy to try to find out the details of this vehicle's program in your area.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi petergriffin. Ford Credit's January base lease rate and residual value for a 36 month lease of a 2011 Explorer Limited 4WD with 10,500 miles per year are 2.5% and 54%, respectively.

    I don't believe that Ford is currently providing any cash incentives on leases of this model.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • That is correct, sloretto. The cash incentives that are currently available on the 2011 Explorer are not compatible with its special lease program.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I take back what I said before about the Explorer's lease program being regional. It appears as though Ford is currently running one national program on this model.

    Ford Credit's January base lease rate and residual value for a 24 month lease of a 2011 Explorer XLT 4WD with 10,500 miles per year are 0.75% and 65%, respectively.

    The numbers for an otherwise identical 36 month lease of this truck are 2.5% and 57%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car man quick question. I am getting a limited 10500 lease and just got the numbers from the dealer yesterday. They didn't have the 65% residual. They only had it at 63%. Where did you get your number? that would help reduce the payment. I was told they were going up but weren't posted yet....
  • Here are the correct residuals from Ford

    Limited

    24 month Residual at 12K is 62%, 60% at 15K - 0.75 Rate on both
    36 month Residual at 12K is 53%, 51% at 15K - 2.50 Rate on both

    10,500 miles is 63%
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