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Ford Explorer Lease Questions

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  • dnl2dnl2 Posts: 1
    edited April 2013
    Hi Car_man,

    We're looking for confirmation of Ford Credit's April base lease rate and residual value for a 36-month lease of a 2013 Explorer Limited 4WD with 10,500 miles/yr in the Charlotte, NC area. We were told by a dealership that these were 1.75% and 54%--both of which are fixed (i.e., non-negotiable) by FMCC. Thanks in advance.
  • hrj2112hrj2112 Posts: 1
    edited April 2013
    Hi, Car_Man,

    I live in Southern California and am looking at the Explorer 4x4 Limited with the 301A package or the 4x4 Sport with the 400A package. I receive a fleet discount through my employer, am a recent college grad, and in my area $2k cash rebate is being offered. I wanted to know what the lease rate, residual would be for both vehicles in my area?

    The quote so far I received from one dealer for the Limited was too high and won't take, but is as follows:
    - MSRP: $47,025
    - Price w/ discounts: $44,405
    - 10.5k miles/year
    - $1500 up front cost
    - $498 plus tax equaling $544 a month for 39 months

    I don't think the dealer factored in all the discounts in the price of the car. This is the first quote received for the Limited, but again I am also looking at the Sport model.

    Thanks
  • loudubeloudube Posts: 4
    CarMan, can you please tell me the residuals and finance rates on a 24 month 12k lease?
  • fulano82fulano82 Posts: 6
    I just ordered my 2013 Ford Explorer Sport on monday. Options on the explorer are only dual sun roof and power lift gate. Got quoted at $513 a month for 36 months 10,500 miles per year. Just $592 due when SUV is delivered. Did i get a good deal? salesman said i the vehicle will be delivered within 4 to 5 weeks. I seen other forums where people have waited for for than 2 months.
  • charles603charles603 Posts: 7
    2013 Ford Explorer XLT Lease Rates - NJHello, I live in NJ and am trying to lease a 2013 XLT + 202A pkg, 12k miles, 36 Months. Can you please confirm the current lease incentives and when they expire. Also residual value, Money Factor / Lease Rate. Unfortunately the 2 dealers that I have spoken with have jacked up the pricing so much that it is not even relevant. I am shopping around but want to confirm the specifics above prior to my discussion with the next saleman, as no one can tell you how they arrive at the "great price" that they are giving you.
  • jdadamsjrjdadamsjr Posts: 16
    Unfortunately for the wife, she just saw two sports just like her's this morning -
    They are getting popular as the public learns how nice they are :)

    All you can do is shop around, get on one of the car pricing sites and submit exactly what you want to multiple dealers and be ready to move when you find the one you want...

    If you've got time, call the ford marketing group and request a brochure,
    they will send you one with a $750 voucher (I'm not sure how long that will last though!)

    And go to ford.com for the incentives and rates - it's public knowledge for your region and date range...

    good luck in your search !
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi loudube. Ford Credit's May base lease rate and residual value for a 24-month lease of a 2013 Explorer Limited AWD with 12,000 miles per year are 0.5% and 62%.

    Ford is providing a cash incentive of $1,500 to $2,000 on leases of this truck. The exact amount varies by region.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello charles603. Ford Credit's May base lease rate and residual value for a 36-month lease of a 2013 Explorer XLT AWD with 12,000 miles per year in the New York area are 0.75% and 55%.

    Ford is providing a $2,000 cash incentive on leases of this truck in your area right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • tommyp1tommyp1 Posts: 4
    I'll be buying an Explorer Limited in Maryland this weekend.

    After agreeing on the final price and trade in value, I'll be looking at leasing for 3 years at either 12,000 or 15,000 miles per year.

    Can anyone tell me the money rate and residual percent in Maryland for Ford dealers on Explorer Limiteds for those two different levels of allowed miles per year? And is that all ill need to " check " the dealers math?
  • tommyp1tommyp1 Posts: 4
    Car man

    Any help here? :)
  • tommyp1tommyp1 Posts: 4
    Purchased a new 2013 limited Explorer AWD, Streling Gray with Black interior, package 301A, duel moonroof, 20" Polished Wheels, 2nd row bucket seats with 2nd row console and all weather floor mats.

    MSRP was 46,710, got the 2,000 Ford incentive, the 750 credit for requesting a brochure on line, and a discount of 1,582.84.

    Net price was 42,377.16

    My trade yielded a positive 4,937, more than I anticipated.

    So adjusted capitalized cost was 37,439, for a 3 year lease atm15,000 miles per year, the residual value was 51% ( 23,882).

    Monthly payments are 397.31 So, I'm guessing the money factor was .001217

    Does this sound like a fair deal
  • tommyp1tommyp1 Posts: 4
    I should add that there was 1,117 in other fees too embedded in the trans action (645 acquisition fee, 200 doc fee and. 272 title fee) , but that is all lumped into the 42,377 selling price, so I guess you could say SUV sold for 41,261
  • npurvisnpurvis Posts: 13
    Car Man - Please provide me the June (if they're available yet) incentives for an Explorer Limited FWD and the Explore XLT FWD, as well as the money factor and residual for 12,000 miles. Also, should I expect to get an Explore for just barely above invoice (before deducting incentives which would bring it below)? I've been following your forum for a while, but this is my first post. I really appreciate it!!!
  • npurvisnpurvis Posts: 13
    Car_Man -

    Do you have the June cash incentives for an Explorer Limited FWD and the Explore XLT FWD, as well as the money factor and residual for 12,000 miles. Also, should I expect to get an Explorer for just barely above invoice (before deducting incentives which would bring it below)? I've been following your forum for a while, and I really appreciate your help.

    Thanks!
  • Car Man,

    Can you please post the June lease rate and residuals for a 2013 Explorer XLT AWD with 202a pkg, 20 inch wheels, navigation, sunroof. Looking at 36 months and 10,500 miles
  • npurvisnpurvis Posts: 13
    Car_Man -

    Do you have the June cash incentives for an Explorer Limited FWD and the Explore XLT FWD, as well as the money factor and residual for 12,000 miles. Also, should I expect to get an Explorer for just barely above invoice (before deducting incentives which would bring it below)? I've been following your forum for a while, and I really appreciate your help.

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Thanks for reading npurvis. Ford Credit's June base lease rate and residual value for a 36-month lease of a 2013 Explorer Limited FWD with 12,000 miles per year are 0.75% to 1.25% (varies by region) and 55%.

    Ford is providing a $1,500 to $2,000 cash incentive on leases of this truck right now. Again, the exact amount varies by region.

    I personally wouldn't pay more than a couple hundred over invoice minus incentives for an Explorer. There's so much competition out there that you should be able to do that.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Greetings joeystiffs19. Ford Credit's June base lease rate and residual value for a 36-month lease of a 2013 Explorer XLT AWD with 10,500 miles per year are 0.75% to 1.25% (the exact rate varies by region) and 56%.

    Ford is currently providing a cash incentive of $1,500 to $2,000 on leases of this truck, which again varies by region.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • npurvisnpurvis Posts: 13
    Thanks! I also have a qualifying conquest lease, and I think Ford is offering $1000-$1500 in conquest cash. Is this in addition to ( or combinable with) these incentives? I'm in south florida if that helps. Thank you.
  • ph__7ph__7 Posts: 2
    edited June 2013
    I've had good luck with BMW in negotiating the purchase of my vehicle at the conclusion of my lease at below residual prices. I like the flexibility of this approach, and the numbers are usually superior to a straight up purchase financing, because you get two chances to negotiate a lower price. It also provides the option to easily release a car that has problems or no longer meets your needs.

    So, I'm about to buy or lease a 2014 Explorer Sport. Anyone have experience with negotiating a less than residual purchase post lease with Form Motor? How flexible are they? BMW took almost 10% off the lease residual price when I bought my 535 at the end of its lease.
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