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Ford Explorer Lease Questions
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I am looking at a 2014 Explorer limited with the 301A package and sunroof. Can you tell me what the dealer invoice is on this car? Can you give me the 36 month MF and RV with 15K miles and 17.5K miles per year?
If you have the same lease info on the XLT that would be very helpful.
Thanks!
Rebates: $2000+500+750=3,250
Net sales price $40,483 +aqq fee, tax, 75 doc fee, tags
Residual 53%, interest .75%
Tax rolled into payments
Monthly payment $518
I'm sorry, but I don't have any residual information.
regards,
kyfdx
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regards,
kyfdx
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Any advice or info is appreciated.
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I wanted to see what the lease factor is on a 2014 Ford Explorer XLT or Limited. Also any examples of what people are seeing as a payment. MSRP 41-42. Sales price 38. I just got an offer for 672 a month includes tax at 24 months at 39 months. These guys are out of there minds are do Fords really lease this poorly?
regards,
kyfdx
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MSRP: $40,575
down to $36,244 (using xplan and $1500 RCL)
36 month lease, 12000 miles
$2000 cash due at signing
$445/mo payments (which include 7.725% taxes)
dealer advises Gov't fees of $52.75 & $80 doc fee which is included; also advises money factor is 1.75% and 55% residual
Looking for any comments. THANKS
Equip group 401 A
Pearl White
$540 monthly
$1600 out of pocket at signing
36 mo 15k mile lease
Not sure what MSRP was because my wife did the negotiating this time Better prices than I was able to get locally.
40880 msrp explorer XLT
330 down at signing, nothing else down.
36 months
408.00 per month (Tax included) with 10500 miles per year.
Is there anymore room for them to move? I dont expect there is...
I'm sorry, but we don't have the money factors for October...
regards,
kyfdx
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regards,
kyfdx
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We don't have money factors for November, yet..
regards,
kyfdx
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regards,
kyfdx
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MSRP $47,235
36month
12,000miles/yr
$570 per month
Made first months payment at the dealership.
MSRP $41,000
36 months / 12,000 miles/yr
$2838 due at signing and $459/m
Price Information BASE PRICE $32,600
Included on this Vehicle
EQUIPMENT GROUP 202A $3,220
DRIVER CONNECT PACKAGE
MYFORD TOUCH
SYNC VOICE ACTIVATED SYSTEM
REAR VIEW CAMERA
DUAL ZONE AUTO TEMP CONTROL
PREMIUM AUDIO W/9 SPEAKERS
COMFORT PACKAGE W/LEATHER
Optional Equipment
2014 MODEL YEAR
RUBY RED METALLIC TC $395
LIGHT STONE LEATHER HEATED
.3.5L V6 TIVCT ENGINE
6-SPEED AUTO TRANSMISSION
POWER LIFTGATE $495
CALIFORNIA EMISSIONS SYSTEM
TRAILER TOW PACKAGE CLASS III $570
20" POLISHED ALUMINUM WHEELS $1,195
BLIS/REAR INFLAT BELT PACKAGE $595
.BLIND SPOT MONITORING SYS
.2ND ROW OUTBOARD INFLAT BLTS
SELECT SHIFT TRANSMISSION
__________
TOTAL VEHICLE & OPTIONS $39,070
DESTINATION & DELIVERY $895
__________
TOTAL BEFORE DISCOUNTS $39,965
RAPID SPEC SAVINGS -720
TOTAL MSRP $39,245
How much is the dealer offering you for the Audi?
What isvthe selling price of the Explorer?
Money factor? Residual?
All of the above are factors in determining if the monthly pmt is good or not.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
You can (and should) negotiate the selling price. Use the tools here on edmunds to determine invoice price and true market value.
Money factor is the interest rate for a lease. Residual is the value placed by the finance company on the truck at the end of the lease.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Appreciate your thoughts on whether or not this is a "fair"deal:
For the Audi: 3,500
Final selling price. 36,000 With rebates.
Money factor .75
Residual 55%
And, the money factor looks off. Generally, it's a very small decimal value that yields a percentage when multiplied by 2400. It's possible that what you were quoted is the actual interest rate, which is very low (and good).
Generally it's not a good idea to put money, or trade equity, down on a lease. If your vehicle is totaled or stolen, you are out that money. If you had the dealer cut you a check for the trade value of the Audi, your lease payment would increase about $100/mo.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
HERE IS the response I just received from the dealership:
.....Just a quick recap, The incentives figured in is 1,500. That is everything included with the Lease Program. Black Friday Cash Is only offered on a retail purchase. The money Factor is correct at .75,
Is it possible for you to purchase today? I can have you out of the store in an HR from the time you show. Just have to paperwork and detail the explorer. Hopefully my last email answered any additional questions you had. Lastly I am scheduled until 4pm today, most likely will not get out any time near 4pm.
Please let me know as soon as possible if you would like to move forward with the deal I can start the process before you arrive today.
................................................................................- ..............................
Based on the above, would you consider this a "good" deal or good enough for us to make the effort to head back today?? Thanks again!!!
One last question - do you know how good your credit is?
Let us know how everything goes!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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Second, the I would call a couple dealer finance departments and ask for money factors and residuals for the trim level, mileage, and lease term you are looking at. These can vary by dealer.
Lastly, as you said you are new to leasing be mindful of charges you may face at the lease termination for wear and tear beyond "normal", and excess mileage over your allowance.
Agree with the post of limiting your down payment as it has minimal impact on interest paid (lease charge) and you won't recoup it if your car is totaled. Found this out the hard way when we lost a car to a flood.
Good luck.
36 months, 10,500 miles.
I don't know what the residual is. I've been playing the dealerships off each other, and both want me to come in to discuss the resid. I've been successful negotiating everything else mostly phone/email.
If my resid is 55%, or $26,400, with a decent money factor, and payments of about $540 (I'm way upside down on my trade) then I think I'm getting a deal.
Should I push harder? The dealership doesn't seem to have needed much pushing to get them to this point.
All it really took was my week long stand-off because I wanted a Sport with the 401A options, but NOT moonroof or tow package. So, I told them they could throw in the extras for free (by giving me more on the trade) or I'd order and they wouldn't sell it until after the first of the year, and risk the inventory if I changed my mind.
Sorry for the long post.
regards,
kyfdx
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Can you tell me where you leased your Explorer. I would lease for the same price
Please let me know
Thanks
XLT , 202A, trailer package, moon roof, 20' , 12K
0 down , $470pm including CA taxes.
60% residual, 1.49%MF
i traded in a car but there was a lien on the car almost at KBB trade in value. hope it helps someone
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I am looking to lease a 2014 Ford Explorer Limited here in California. I want the car fully loaded and MSRP is around $45650. I have contacted one dealer in the area and he gave me quotes of money factor = 0.5 and Residual of 51% on 36 month lease with 12K per year mileage. There is currently a $1750 rebate for leases on this car.
This seems like a horrible deal! I;ve been reading consistently on this forum of MF's of .75, and residuals in the 55-60% range.
Any advice why my quotes are so bad?