2015 Ford Explorer XLT lease questions
Can anyone help me with a 2015 lease on an explorer XLT with an msrp of 43615.00? I am looking for 36 months or more, and 12 to 15k per year. I have never leased anything not sure exactly how it works. How do I calculate the monthly payment? And how much is typical in fees upfront?
Tagged:
0
Best Answer
-
kyfdx Moderator Posts: 251,349susee80 said:
Can anyone help me with a 2015 lease on an explorer XLT with an msrp of 43615.00? I am looking for 36 months or more, and 12 to 15k per year. I have never leased anything not sure exactly how it works. How do I calculate the monthly payment? And how much is typical in fees upfront?
To calculate the lease, you need the MSRP (which you have) and a selling price. You negotiate the selling price, just like you would if you were buying the car. There is a $1250 lease cash incentive from Ford on this model.
Here is a pretty good explanation of the calculation:
http://forums.edmunds.com/discussion/2105/general/x/how-do-i-calculate-monthly-lease-payments/p1
Here are the other variables you'll need from the lease program on this model.
0.75% APR. 53% residual for 36mo, 15K/yr.
You can convert the APR to a money factor by dividing by 2400 (.00031, in this case).
Leasing is pretty much like buying from a fee standpoint, except the leasing bank charges an acquisition fee. It's around $600-$700. Other than that, just title/license/doc fees. The only fees you need pay upfront are the government fees and the 1st payment. Everything else can be rolled into the CAP cost (amount financed).
Taxation varies, depending on state. Some states tax the monthly payment, which is collected each month. Others charge tax upfront.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator5
This discussion has been closed.
Answers
The 36mo, 12K/yr residual is 2% higher than the 15K/yr residual.
24mo, 10.5K/yr = 0.25% APR and 65% residual.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Thanks!
0.75% APR. 55% residual
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Residuals are 2% lower on the Limited.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
36(or 39) mos. with 12k and 15k per year.
South FL if location matters.
Thanks!
FWD residuals:
36/15 - XLT - 52%
36/15 - Limited - 49%
Subtract 2% for 39 months. Add 2% for 12K miles per year.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks in advance!!
51% residual for 36/13.5K
If you are getting A-plan pricing, not sure that the lease cash would also apply. Check with your dealer for details.
If this is X-plan (suppliers, etc.) then I think the lease cash is available.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2015 Explorer Sport, 24/15k and 36/15k, money factor and residual?
Also, anyone who can confirm Ford RCL acquisition fee, security deposit (waiver if avail) and disposition fees?
Most appreciated.
62% and .50% MF
53% and .75% MF
$1750 lease cash.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I'm also interested in the XLT and Limited numbers, if different.
XLT 4WD - 61% and 52%
Limited - 59% and 50%
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Any change if we go with the FWD?
No change in MF
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What is the current RV and MF for a 36mo/12k lease? What is the monthly payment amount you come up with?
Again, many thanks!!
With your numbers, I'm showing a payment of $629.42. That ad valorem tax really hurts.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
39/10.5 - 1.00% and 51%
$1750 lease cash.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige