Am I getting a good deal on the Ford Explorer XLT?

olimaziolimazi Member Posts: 38
edited December 2014 in Ford
Hey all,
Attached is sale info sheet for a lease on the XLT 4WD 200A 12k 36mo.
Numbers on the left are worked out for financing, so may not tell the lease story.
Rebates are $3250 and includes WearCare for $355/mo.
Seems OK, just wondering.
NJ sales tax is 7%.
APR .75%
Residual 55%
Thanks - any insight would be appreciated.

Comments

  • steverstever Guest Posts: 52,454
    edited December 2014
    We show the same list price of $35,795.

    Our True Market Value number, after rebates, is coming in at $32,522 (vs. your $34,358). That's for an Essex Fells, NJ zip code.

    Seems like I'm missing $2,000 on your selling price (I'm not seeing that high of an incentive either). You may want to get some more quotes and aim for a TMV of $34,000 before rebates.

    Someone else will have to address your lease numbers.
  • olimaziolimazi Member Posts: 38
    Thanks - so say I get the TMV of $32,522 - what should my lease payment be in my situation?
    - Thank you.
  • MichaellMichaell Moderator Posts: 263,494
    olimazi said:

    Thanks - so say I get the TMV of $32,522 - what should my lease payment be in my situation?
    - Thank you.

    MSRP - $35,795

    Selling Price - $32,522

    Residual - 55%

    MF - .75% (.00031 MF)

    36 month pre-tax lease payment works out to $372.71/mo

    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

  • olimaziolimazi Member Posts: 38
    Thank you - so I'm doin good at $355 :smile:
    anyone know if the WearCare is worth it for a lease?
Sign In or Register to comment.

Your Privacy

By accessing this website, you acknowledge that Edmunds and its third party business partners may use cookies, pixels, and similar technologies to collect information about you and your interactions with the website as described in our Privacy Statement, and you agree that your use of the website is subject to our Visitor Agreement.