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Ford Explorer Lease Questions
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Comments
Thanks for all your help.
2011 Ford Explorer Limited. Sticker is $46950. I was quoted the following. Seems high..would you know what the current ford details are Res, MF, MF, etc.
36 month lease $585.00 per month with $3185 down
24 month lease $610.00 per month with $2700 down.
Thank You,
Ryan
According to my calculations, if you were to lease a 2011 Ford Explorer Limited FWD that has an MSRP of $44,200 and a selling price of $42,700 through Ford Credit right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $617.
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Car_man
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The 15,000 mile per year residual values for an '11 Explorer Limited AWD are 59% for 24 months and 51% for 36 months.
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What are your thoughts on the following 36-month, 12k mile lease no-money down?
2011 Explorer XLT
202A pkg. plus sun/moon roof and navigation
MSRP of $39,235
Sales price $37,860
Residual 57%
Int. rate 2.5% thru FMC
Mo. payment $596 (includes base payment @ $510 plus CT sales tax @ 6%/$34 and property tax @ $52)
Upfronts: $566 first month payment, $595 acquisition, ~$250 for license/tags, $75 doc. fee
Two dealers have told me that Ford Motor Credit includes property tax in the monthly payment instead of billing you annually after they pay the taxes on your behalf as the other two car companies we've worked with do. Are you familiar with this? How common a practice is it?
This is Seni with Ford Customer Service. Please contact Ford Credit directly at 800-727-7000 or visit www.FordCredit.com for more information on property tax. You can also contact them for additional information on the benefits of financing through Ford Credit, or answers to questions on an existing loan or lease.
Seni
Ford Customer Service Division
Been reading through this thread recently and just wanted to confirm what people are hearing on March lease base rates from FMC for well-qualified individuals for a 36-month lease on Limited/XLT models? I've seen different numbers posted, and I was quoted 3.5% from the dealer I'm currently working with in Philadelphia. I just want to be sure what FMC is actually offering in March so I can be better equipped in my negotiations.
Thanks for any info!
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The residual value for a lease with only 12,000 miles per year would be 2% higher.
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They have a payment calculator based on that price showing a lease for 2yr 10,500 miles/year with $4k down or trade at a monthly rate of $433 per month. On the surface, is their lease decent? Seems like it is subsidized or just a real favorable residual, but they don't show that on their calculator. I know our trade would yield the $4k, and I would expect to NOT pay MSRP either.
-Brian
Want to see the vehicle in person in various colors, etc.
Does anyone know. can't seem to get an answer..
Guys, I am reading the chat here and I cant believe this: Ford is trying to rip off everybody. Do you guys realize that $600 per month will buy you MB or BMW trucks with very little money down. Ford has an ad right here on this site from tristatedealers for new Explorer: $299 per month with $4000 down, that is the right price for Ford Explorer, no penny more, I would say even that its on the high side... I am reading this chat, because I am looking to buy the new Explorer and I will not pay more. I guess I cant buy it, these prices quoted here on this site are absolutely ridiculous...
Thanks and good luck!
-Package 202A
-20" wheels
-Double sunroof
-White Platinum Paint
MSRP $40,130
Lease Deal :
Write a check for $1,000 and $480 month. This explorer is loaded.
I'm getting some really crappy quotes myself.
last one I got was 508 all taxes included on an XLT 4wd with the rear camera package, etc. (valued at 1500)
first payment and plates down. 12k permiles year, 36 months
what the heck is wrong with these deals?
You actually get a better deal if you arder package 202A (w/leather) because it residualizes the full amount of teh package but Ford gives you $720 in "Rapid Spec Discount".
I would push for X-plan pricing. I work for a large company down the road from the dealer and they told me "I believe we do X-plan pricing with you, but if not, I'll give it to you anyway."
I had been previously quoted $507/month with $700 due at delivery.
Keep getting quotes and push for X-plan pricing.
Williamsville, NY
Didn't car about residual and money factor. Lease was a great deal compared to everything else I had been shopping.
Durango wanted $799 month for a $40K MSRP less equipped.
I jumed on the deal. Beter deal than on a loaded chevy traverse and I have GM pricing.
Can you please post the residual and money factor for a 39-month, 12,000 miles per year lease on a Ford Explorer Limited? Thank you.
I have a LTD on order (was a dealer ordered vehicle). Should be arriving in a few weeks.
Can someone confirm these terms?
Thanks.
Auto leasing is a really stellar system thoroughly designed to screw the prospective buyer. Beyond not being able in any way, shape or form confirm with certainty the current lease rates I've had these snakes ask for $400 documentation fees (a total rip off), tack on nearly a $1,000 on top of Ford's $3,075 202A package/retail price (like I wouldn't notice) and try to add well over $500 in advertising fees (totally off the charts).
I can't think of any other product or service in my life where pricing is such a mystery and you have to launch a near-manhunt for what should be a readily available figures--out in the open and available to all at any time. The extreme trickery involved in all of this leasing business is %^$ing nonsense. That this practice is condoned in the U.S. is criminal.
Sorry for the rant, all. But pretty fed up with the whole business.
Thanks
MSRP $37000 (XLT with 202)
$4500 out of pocket
$450 per month
36K miles/36 months
For does not want to lease these cars. If you love the car, you have to buy it. It would
cost $570 per month to buy, much better deal. When you lease the car for 36 months, you only use half of the car, so this car should cost $285 per month (with heavy downpayment $4500). This is just another way you have to look at the leasing, to make sense of it...
Good luck everybody!
XLT with 202A and nav
$37495
24 months
12k miles
$2k down
$648 a month
800+ credit score
BMW is cheeper!
Car_man
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Car_man
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MSRP-35230
Price-33497
Down-3000
36 month
15000 mile
4% apr
54 % resid
$411.00 a month
Can you please give me the Ford Motor Credit lease details for an Explorer Limited FWD, 2 year deal, 10K or 10.5K miles per year? I need the rate or mf, residual %, bank fee for the May month. I had ordered a truck in March when the deals looked decent, but now that it is being delivered it looks like a less attractive option. I appreciate your help!
MSRP $39,700 (incl dest)
Purchase Price $35,700 not including $500 rebate
Trade-in $20,000 (CarMax match)
Equity of $3835 put down plus $500 rebate, totaling $4335
3yr lease, 15k/year
Payment $419/mo
Rent charge 4%
Only thing that bothered me was that they wouldnt show me the money factor or "APR"...total rent charge was around $3300 though
Car_man
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2011 Explorer XLT 4WD 201A pkg + PWR Liftgate
Just quoted 518/month x 36 with $3200 upfront (NY taxes/fees?/dmv/1st month)... 12k miles/yr
MSRP 36750
Agreed Price 35883
MF: 0.00167 (4%) and 57% residual
Any thoughts?
Thank you very much in advance!
SK
I just bought Jeep Grand Cherokee, better car and better price.... Walked out from Ford dealership about 30 days ago, after receiving similar quote and will never go back, total ripoff!
Good luck!
Good morning. Do you have the figures for a 2011 Ford Explorer Limited for the month of June 2011? 36-month, 24-month, 10,500 and 12,000 miles per year.
Specifically, have the numbers for the 24-month lease changed? They were 62% residual and 2.25% APR for May on a 12K per year.
Thank-you!
Happily, I bought a 2009 certified pre-owned ML350 instead and I love it. And the payments, thanks to MB's aggressive financing offer of 1.99% for 5.5 years, work out to be the same as the Ford Explorer lease would have at $560. Audi too, has been advertising aggressive financing options on pre-owned vehicles. While I still think the new Explorer is a great SUV, Miguelny is right in suggesting people consider other options.
Good luck all.