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Ford Explorer Lease Questions
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Comments
The numbers are the same for the AWD model.
Ford is providing anywhere from $750 to $2,000 in cash incentives on leases of this truck. Again, the exact amount depends upon what state you are in.
Car_man
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According to my calculations, using those prices this truck would have 36-month, 13,500 mile per year, a zero down, pre-tax monthly payment of around $394. Again this is a good deal and it's before tax, so you will likely be a little over $400 on anything that you get.
I've seen the '13 Explorer Sport as being rated 16 / 22 on gas mileage. That's better than your Mountaineer, but not amazing by any stretch of the imagination.
Car_man
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Car_man
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Details:
XLT
202A
Navigation
Power Lift Gate
Trailer Tow Pkg
MSRP: 37,685
Selling Price: 35,704.69 (x-plan)
Lease Fee: 645
Doc Fee: 100
Title: 28.25
RCL Rebate (1,750)
Lease Conquest (1,000)
Down: 2,000 + 325.45 (1st pmt)
Net Capitalized Cost: 31,920.27
36 months / 10500 miles
Payment = 301.06 + 24.39 tax = 325.45
Residual = 57%
Lease Rate = 0.50%
I think that Ford is providing a $1,750 cash incentive on leases of this truck in your area right now.
Car_man
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Car_man
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Ford is providing a $1,500 cash incentive on leases of this truck in your area right now.
I personally would not buy pre-paid maintenance on any leased vehicle other than an Audi. All I ever do in terms of maintenance on a lease is change the oil every couple thousand miles and perhaps rotate the tires. I usually don't even go to the dealer to do that. Pre-paid maintenance on leased vehicles is usually a waste.
The end of the year, i.e. December, is usually a very good time to get a new vehicle, but you probably want to get one sooner than that. It's difficult to say whether the April deals will be better than the ones that are available right now. If I had to make an educated guess, I personally would say that the April programs will be at least as aggressive as the current ones, perhaps better, but again no one knows for certain what they'll be like at this point.
Car_man
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Thanks
For anyone else, the APR is .25 or about .000104 MF and residual is 57% for a 36 month/12K miles per year on the Explorer Sport.
I’m trying to understand this process and I have way too many numbers circling around in my head.
Could you provide the lease rate, MF and residual rate for Florida? Also, do you know anything about whether the tax is rolled back into the capitalized cost or if we simply pay tax in the monthly payment? I'm getting so confused with all the details. We're also considering other cars. But right now we're looking at an Explorer XLT, don't want to pay more than a little over invoice,
$30,500,
plus options $6152-$720 discount: $5,432 for options
$895 destination
$36,827
Is this where we would add in the acquisition fee, any advertising fee, and tax? Or are these paid as part of inceptions, due at lease signing?
3,925 in rebates - $2,000 cust cash, $425, for first month payment, $1000 lease conquest, $500 college grad
$32,902 est cap cost
Should we put money down or just use the money to pay for inceptions? I guess if the acquisition, advertising and tax are rolled back into the capitalized costs, then put a down payment? If not, use the money for inceptions? But don’t we pay tax on any money we put down? Is it better just to not put money down and cover the fees and taxes thru inceptions?
If I calculate the Adjusted Cap at $32,902, (no money down, no acquisition, advertising or tax included), using the .25 lease rate (MF .0001), and residual at 56%, MSRP $39,905, residual $22,346.80, term 36 months .
I get a depreciation fee of $293.20, finance fee of $5.25, which equals $298.73 plus 6% tax equals $316.65 total monthly payment Is that correct?
I don’t have the acquisition fee, advertising fee, doc fees, tax, tag or registration fees, yet. So I cannot calculate what the inception, due at signing amount would be. Do you know what any of these fees might be, or where I can find the info?
Also, again, do you suggest paying these fees upfront as inceptions or rolling them back into capitalized costs? If you roll the tax back in, is it part of gross cap cost, which equals tax rate X (base monthly lease payment X term) 6% multiplied by $298.73, multiplied by term 36 months $645.25?
Wouldn’t that change the monthly payment to $316.71 base, plus tax $335.71?
And if I estimate acquisition at $595, doc at $250, advertising at $595, that would change the monthly to
$351.12 depreciation, $5.73 finance fee, equals $356.85, plus tax $378.27
In that case, is it better to cover the $2085.25 at inception, at get the lower payment of $316.65 or roll it all in and pay the $378.27 every month or is it $356.85 because the tax was rolled back into capitalized cost?
If we put $1500 down, with those fees rolled into cap cost, we’d be at #315.05, plus tax $333.94?
Sorry for so many questions, but I’m trying to understand how this all works.
Thanks for any and all insights.
39 mth 19.5k miles for $497/mth....
good or bad, it is what it is
priced an extended warranty in the 5 to 700 range to cover the 36k thru 63k we'll probably put on it !
Wife is excited about her new car !
post down payment, residual, MF...
I'm looking to lease an Explorer in Michigan, and am contemplating both XLT and Limited models. What are MF and Residual for both Limited and XLT. I'm looking at 3 year and 12,000 miles a year. I have Lease conquest rebate, and I believe 1,5000 cash rebates. Is there a reason I should consider one more than the other? Sticker price just about identical....
Thanks Car Man....
XLT 202A package, Oxford white, black leather interior, splash guard, power lift gate, dual panel moonroof, rear bumper protector, 20" polished aluminum wheels, BLIS plus inflatable rear seatbelt package, voice activated navigation... We may add the alarm system later
MSRP: 40,770
Selling price: 38,344 - about 94% of MSRP, we requested 93%, a fair fair market value
Rebates: $3425 - includes $2000 lease conquest, $2425 standard
Interest rate: .25 - MF .0001042
Residual: 57% - 23,238.90
36 months/10,500 miles
We decided to cover some inception costs at $873.08, because to roll it back in to the payments would be at a cost of an extra $26 month, and to cover it now is about $24 a month...
Final monthly $336 plus tax (6%) $356...
The deal could've been a little better at $344 total per month, but at $12 difference from where we felt we should've been, we're ok with that because we get exactly the features, interior and exterior that we wanted. And the shopping process is OVER!! What a relief. Now I can sleep easy.
MSRP - $47870
Trade in - $5000
Incentives - $2750
MF - .25%
Lease term - 36 mo
They quoted $460/incl of taxes (7%) and Title, Reg and other fees
Please let me know if this is good.
That said, without a trade of $5,000.00 dollars, you would be paying $610.00
a month! I think you can do better.
Can i get better than this?
Would you be able to provide the April residual and base lease rate for a 12,000 mi/yr, 36 month lease on an AWD Explorer XLT?
Thanks!
I'm looking at a 13 Explorer Limited. Do you know what the rate and residual would run for 39 mos on a 15000 mile lease in Texas?
Thank you
I was wondering if you would be able to tell me what state you are living in. I am looking for almost the same thing and am curious as to if that would be reasonable for where I am located (CA).
Thanks!
April incentives too?
Thanks!
I live in NJ. Unfortunately i could not get the EX sport as before we finalized the deal someone had put in a deposit on it. Waiting for other Sports to come in to the dealership...
The numbers for an otherwise identical lease of a 2013 Explorer XLT 4WD are 1.0% and 55%.
Car_man
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There is a $1,500 to $2,000 cash incentive on leases of this truck through Ford Credit this month. Again the exact amount varies depending upon which one of Ford's regions you are in.
Car_man
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There is a $1,750 cash incentive on leases of this truck in your area this month.
Car_man
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There is a $1,500 to $2,000 cash incentive on leases of this truck, again varying by region.
Car_man
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There is a $1,750 cash incentive on leases of this truck in your area right now.
Car_man
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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.
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
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 !
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
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Ford is providing a $2,000 cash incentive on leases of this truck in your area right now.
Car_man
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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?
Any help here?
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
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!
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
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!
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
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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
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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.