2016 Ford Explorer Lease Questions

MichaellMichaell ColoradoModerator Posts: 186,765
edited July 2015 in Ford
Ask your 2016 Explorer lease questions here!

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  • jgcvajgcva Member Posts: 6
    edited July 2015
    What are money factor and residual for 36mo/10k for 2016 Explorer Sport and Explorer Platinum? I'm in Virginia. Thanks!
  • MichaellMichaell ColoradoModerator Posts: 186,765
    jgcva said:

    What are money factor and residual for 36mo/10k for 2016 Explorer Sport and Explorer Platinum? I'm in Virginia. Thanks!

    59% for Sport and 56% for Platinum.

    1.75% MF and $500 lease cash.

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  • jgcvajgcva Member Posts: 6
    Michaell said:

    jgcva said:

    What are money factor and residual for 36mo/10k for 2016 Explorer Sport and Explorer Platinum? I'm in Virginia. Thanks!

    59% for Sport and 56% for Platinum.

    1.75% MF and $500 lease cash.
    I'm sorry... is that 1.75% an APR rate? So it is 0.0175/2400=0.00001?
  • MichaellMichaell ColoradoModerator Posts: 186,765
    jgcva said:

    Michaell said:

    jgcva said:

    What are money factor and residual for 36mo/10k for 2016 Explorer Sport and Explorer Platinum? I'm in Virginia. Thanks!

    59% for Sport and 56% for Platinum.

    1.75% MF and $500 lease cash.
    I'm sorry... is that 1.75% an APR rate? So it is 0.0175/2400=0.00001?
    Yes, Ford does leases with APR, but it's 1.75/2400 = .00073 MF

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  • jgcvajgcva Member Posts: 6
    Michaell said:

    jgcva said:

    Michaell said:

    jgcva said:

    What are money factor and residual for 36mo/10k for 2016 Explorer Sport and Explorer Platinum? I'm in Virginia. Thanks!

    59% for Sport and 56% for Platinum.

    1.75% MF and $500 lease cash.
    I'm sorry... is that 1.75% an APR rate? So it is 0.0175/2400=0.00001?
    Yes, Ford does leases with APR, but it's 1.75/2400 = .00073 MF
    Got it. Thanks!
  • bfactor84bfactor84 Member Posts: 27
    Can you post numbers and incentives for 2016 Explorer FWD XLT and Limited in SE Florida (33324) for 36/10, 12 and 15? is 36 better or 39?

    Thanks
  • kyfdxkyfdx Moderator Posts: 191,445
    bfactor84 said:

    Can you post numbers and incentives for 2016 Explorer FWD XLT and Limited in SE Florida (33324) for 36/10, 12 and 15? is 36 better or 39?

    Thanks

    36/15: 55% residual for XLT, 52% for Limited.

    Add 2% for 12K/yr or 3% for 10K/yr. Subtract 2% for 39 months.

    1.75% APR

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  • mak1979mak1979 Member Posts: 1
    Can you please post numbers and incentives for 2016 Explorer Sport 4WD in Chicago, IL (60133) for 36/12 and 15? Thanks!
  • MichaellMichaell ColoradoModerator Posts: 186,765
    mak1979 said:

    Can you please post numbers and incentives for 2016 Explorer Sport 4WD in Chicago, IL (60133) for 36/12 and 15? Thanks!

    1.75% MF and 56% for 36/15. Add 2% for 12K

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  • zzDavezzDave SeattleMember Posts: 4
    Can you please post the numbers for Seattle, Washington?

    Specifically a 2016 Explorer Limited 4WD on a 36/10?

    Thanks!
  • kyfdxkyfdx Moderator Posts: 191,445
    zzDave said:

    Can you please post the numbers for Seattle, Washington?

    Specifically a 2016 Explorer Limited 4WD on a 36/10?

    Thanks!

    1.75% APR and 56% residual

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  • zzDavezzDave SeattleMember Posts: 4
    And these numbers are for Ford credit? So all of the Ford dealers should be able to provide financing with these numbers?
  • MichaellMichaell ColoradoModerator Posts: 186,765
    zzDave said:

    And these numbers are for Ford credit? So all of the Ford dealers should be able to provide financing with these numbers?

    Yes ... and yes.

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  • zzDavezzDave SeattleMember Posts: 4
    Awesome, thanks for your help!
  • lendylendy Member Posts: 24
    Hi, Looking for MF and Residual 33/12K and 36/12K on:
    2016 Explorer Platinum
    2016 Explorer Sport AWD

    Thanks!
  • MichaellMichaell ColoradoModerator Posts: 186,765
    lendy said:

    Hi, Looking for MF and Residual 33/12K and 36/12K on:
    2016 Explorer Platinum
    2016 Explorer Sport AWD

    Thanks!

    No 33 month programs for Ford; 36/12 info listed below:

    Platinum - 55%
    Sport - 58%

    What state? Ford money factors are regional.

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  • zzdave2zzdave2 Member Posts: 2
    Ok here is the lease deal, something is off with the tax rate:

    36 month
    565
    $587 payment
    Upfront taxes: 12.29%
    Down: 1000$
    Retail: $51,230
    Sale: $45,392
    Goverment Fee: $273
    Doc fee: $75
    Acquisition Fee: $645
    Net Cap: $45,984

    I live in Seattle, the tax rate here is 9.5%. The dealer is factoring in 12.29% in the deal.

    He wrote this:

    "The sales tax showing on the sheet is the total amount that is being charged in upfront taxes rather than the actual tax rate. "

    What does this mean? This seems like BS to me?

    Anyone?

    Thanks
  • lendylendy Member Posts: 24
    Michaell said:

    lendy said:

    Hi, Looking for MF and Residual 33/12K and 36/12K on:
    2016 Explorer Platinum
    2016 Explorer Sport AWD

    Thanks!

    No 33 month programs for Ford; 36/12 info listed below:

    Platinum - 55%
    Sport - 58%

    What state? Ford money factors are regional.
    NJ

    Thanks so much!
  • MichaellMichaell ColoradoModerator Posts: 186,765
    zzdave2 said:

    Ok here is the lease deal, something is off with the tax rate:

    36 month
    565
    $587 payment
    Upfront taxes: 12.29%
    Down: 1000$
    Retail: $51,230
    Sale: $45,392
    Goverment Fee: $273
    Doc fee: $75
    Acquisition Fee: $645
    Net Cap: $45,984

    I live in Seattle, the tax rate here is 9.5%. The dealer is factoring in 12.29% in the deal.

    He wrote this:

    "The sales tax showing on the sheet is the total amount that is being charged in upfront taxes rather than the actual tax rate. "

    What does this mean? This seems like BS to me?

    Anyone?

    Thanks

    So far as I know, WA taxes the monthly payment.

    Using the price information you've provided, I get a payment of $586/mo with 9.5% tax included. So, only $1 off the quote you got.

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  • MichaellMichaell ColoradoModerator Posts: 186,765
    lendy said:

    Michaell said:

    lendy said:

    Hi, Looking for MF and Residual 33/12K and 36/12K on:
    2016 Explorer Platinum
    2016 Explorer Sport AWD

    Thanks!

    No 33 month programs for Ford; 36/12 info listed below:

    Platinum - 55%
    Sport - 58%

    What state? Ford money factors are regional.
    NJ

    Thanks so much!
    Well, I see $500 lease cash but no MF information for the 2016 Explorer.

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  • zzdave2zzdave2 Member Posts: 2
    edited August 2015
    Michaell said:

    zzdave2 said:

    Ok here is the lease deal, something is off with the tax rate:

    36 month
    565
    $587 payment
    Upfront taxes: 12.29%
    Down: 1000$
    Retail: $51,230
    Sale: $45,392
    Goverment Fee: $273
    Doc fee: $75
    Acquisition Fee: $645
    Net Cap: $45,984

    I live in Seattle, the tax rate here is 9.5%. The dealer is factoring in 12.29% in the deal.

    He wrote this:

    "The sales tax showing on the sheet is the total amount that is being charged in upfront taxes rather than the actual tax rate. "

    What does this mean? This seems like BS to me?

    Anyone?

    Thanks

    So far as I know, WA taxes the monthly payment.

    Using the price information you've provided, I get a payment of $586/mo with 9.5% tax included. So, only $1 off the quote you got.
    Yes, looks like its all good. He said he had a typo in the email. The sales tax he was showing was $12.29 based on the 1000 down payment. It wasnt the tax rate.

    This is a good deal to me, I am picking it up Friday.

    Thanks for the help from this forum! This is the best car resource I have found.
  • MichaellMichaell ColoradoModerator Posts: 186,765
    zzdave2 said:

    Michaell said:

    zzdave2 said:

    Ok here is the lease deal, something is off with the tax rate:

    36 month
    565
    $587 payment
    Upfront taxes: 12.29%
    Down: 1000$
    Retail: $51,230
    Sale: $45,392
    Goverment Fee: $273
    Doc fee: $75
    Acquisition Fee: $645
    Net Cap: $45,984

    I live in Seattle, the tax rate here is 9.5%. The dealer is factoring in 12.29% in the deal.

    He wrote this:

    "The sales tax showing on the sheet is the total amount that is being charged in upfront taxes rather than the actual tax rate. "

    What does this mean? This seems like BS to me?

    Anyone?

    Thanks

    So far as I know, WA taxes the monthly payment.

    Using the price information you've provided, I get a payment of $586/mo with 9.5% tax included. So, only $1 off the quote you got.
    Yes, looks like its all good. He said he had a typo in the email. The sales tax he was showing was $12.29 based on the 1000 down payment. It wasnt the tax rate.

    This is a good deal to me, I am picking it up Friday.

    Thanks for the help from this forum! This is the best car resource I have found.
    Congrats! Enjoy your new Explorer.

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  • jbshopperjbshopper Member Posts: 5
    Can you please provide the 36/10 and 36/12 residuals and money factor ffor the following models located in Southeast Florida:

    - XLT
    - Limited
    - Sport

    Thank you. I am comparing the mix of options and lease prices for each.
  • kyfdxkyfdx Moderator Posts: 191,445
    jbshopper said:

    Can you please provide the 36/10 and 36/12 residuals and money factor ffor the following models located in Southeast Florida:

    - XLT
    - Limited
    - Sport

    Thank you. I am comparing the mix of options and lease prices for each.

    FWD or AWD?

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  • jbshopperjbshopper Member Posts: 5
    edited August 2015
    FWD

  • MichaellMichaell ColoradoModerator Posts: 186,765
    jbshopper said:

    Can you please provide the 36/10 and 36/12 residuals and money factor ffor the following models located in Southeast Florida:

    - XLT
    - Limited
    - Sport

    All FWD.

    Thank you. I am comparing the mix of options and lease prices for each.

    36/12 residuals:

    XLT FWD - 57%
    Limited FWD - 54%
    Sport (AWD only) - 58%

    Add 1% for 10,500 miles per year.

    1.75% MF for all trims for 36 months.

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  • bkchildsbkchilds Member Posts: 1
    Can you please provide the 39/10,500 residual and MF for the Explorer Sport (loaded with all the options) located in the Chicago western suburbs?

    Thank you!
  • MichaellMichaell ColoradoModerator Posts: 186,765
    bkchilds said:

    Can you please provide the 39/10,500 residual and MF for the Explorer Sport (loaded with all the options) located in the Chicago western suburbs?

    Thank you!

    2016 Explorer Sport 39/10.5 - 57% and 2.0%

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  • VAJeepBuyerVAJeepBuyer Member Posts: 14
    In case it is different for Virginia, can you please provide the 36/12k residual and MF/APR for the Explorer Sport?

    Thank you very much!!

  • MichaellMichaell ColoradoModerator Posts: 186,765

    In case it is different for Virginia, can you please provide the 36/12k residual and MF/APR for the Explorer Sport?

    Thank you very much!!

    58% and 1.75%

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  • lelo999lelo999 Member Posts: 6
    I don't have the nitty gritty of the quote I received but my monthly payment was around $615-$680 range for 2016 limited explorer 0 down 10K/36months.I'm in Jersey.
  • MichaellMichaell ColoradoModerator Posts: 186,765
    lelo999 said:

    I don't have the nitty gritty of the quote I received but my monthly payment was around $615-$680 range for 2016 limited explorer 0 down 10K/36months.I'm in Jersey.

    Hard to qualify how good that offer is without the details.

    36/10 lease numbers on the 2016 Explorer Limited (AWD?) are 56% and .75% MF

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  • new_guinew_gui Member Posts: 2
    Hi
    I have been offered a Explorer 2016 Sport 4WD. Negotiated price $43,940.
    12k/36months lease. Down payment = $4,400 + monthly payment $513 (sales tax & registration not included).
    Does it sound like a good deal?
  • MichaellMichaell ColoradoModerator Posts: 186,765
    new_gui said:

    Hi
    I have been offered a Explorer 2016 Sport 4WD. Negotiated price $43,940.
    12k/36months lease. Down payment = $4,400 + monthly payment $513 (sales tax & registration not included).
    Does it sound like a good deal?

    Not really - we don't recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money.

    What is the MSRP? What state is this?

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  • new_guinew_gui Member Posts: 2
    Hey Michaell
    State is WI
    MSRP = 44,790
    What would be a good deal in this case?
    tks
  • MichaellMichaell ColoradoModerator Posts: 186,765
    new_gui said:

    Hey Michaell
    State is WI
    MSRP = 44,790
    What would be a good deal in this case?
    tks

    36/12 lease numbers on the 2016 Explorer Sport are 58% and 1.75% MF.

    Negotiate the best price you can - you can start your research by using the pricing tools here at Edmunds. "Make / model / year" pull downs at the top of the page.

    Getting the lowest selling price you can; that will get you the lowest monthly payment on a lease.

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  • visi107visi107 Member Posts: 2
    Does anyone know the residual and MF for 2016 Explorer XLT all wheel drive for Michigan. Thank you.
  • kyfdxkyfdx Moderator Posts: 191,445
    visi107 said:

    Does anyone know the residual and MF for 2016 Explorer XLT all wheel drive for Michigan. Thank you.

    0.75% APR and 55% residual for 36mo, 15K/yr

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  • visi107visi107 Member Posts: 2
    0.75%??? wow that's really good, thank you
  • ryansiebeckerryansiebecker Member Posts: 41
    Does anyone have the August residual and MF for the Explorer Platinum? 36mos/10K (Scranton, PA)
  • MichaellMichaell ColoradoModerator Posts: 186,765

    Does anyone have the August residual and MF for the Explorer Platinum? 36mos/10K (Scranton, PA)

    56% and .75%

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  • juanito1juanito1 Member Posts: 22
    Can you help with the Sept MF and residual for Texas on the Limited and Sport, 2WD and 4WD, 36/15K our 39/15k if 36 mths is not available.

    Thanks!
  • MichaellMichaell ColoradoModerator Posts: 186,765
    juanito1 said:

    Can you help with the Sept MF and residual for Texas on the Limited and Sport, 2WD and 4WD, 36/15K our 39/15k if 36 mths is not available.

    Thanks!

    Limited FWD - 52% / 50%
    Limited 4WD - 53% / 51%
    Sport - 56% / 54%

    1.75% MF for 36 months; 2% MF for 39 months.

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  • kisses2theskykisses2thesky Member Posts: 2
    edited September 2015
    24/12 and 36/12
    Base and Xlt
    36k and 39k
    Whats the residual on both 2016 and 2015 in utah
  • kyfdxkyfdx Moderator Posts: 191,445

    24/12 and 36/12
    Base and Xlt
    36k and 39k
    Whats the residual on both 2016 and 2015 in utah

    24/12, 36/12 and 39/12 Assuming AWD

    2015 Base and XLT: 61%, 52% and 50% residual

    2016 Base: 64%, 55% and 53%
    2016 XLT: 66%, 57%, and 55%

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  • bp2015bp2015 Member Posts: 23
    Can you please provide MF, residual and lease incentives in South Florida for 2016 Explorer XLT FWD. 24Mo. and 36Mo. 12k. Thanks.
  • kyfdxkyfdx Moderator Posts: 191,445
    bp2015 said:

    Can you please provide MF, residual and lease incentives in South Florida for 2016 Explorer XLT FWD. 24Mo. and 36Mo. 12k. Thanks.

    0.50% APR and 66% residual
    0.75% APR and 57% residual

    $250 lease cash.

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  • htmommyhtmommy Member Posts: 12
    edited September 2015
    MF & residual, lease insentives
    NH
    2016 XLT & LMT 4x4
    2015 XLT & LMT 4x4

    When do the lease for the 2015 end typically (aside when inventory low)
    Many thanks.
  • kyfdxkyfdx Moderator Posts: 191,445
    htmommy said:

    MF & residual, lease insentives
    NH
    2016 XLT & LMT 4x4
    2015 XLT & LMT 4x4

    When do the lease for the 2015 end typically (aside when inventory low)
    Many thanks.

    36mo, 15K/yr

    2016: 55% (XLT) 53% (LTD) residual
    0.75% APR and $250 lease cash

    2015: 50% (XLT) 48% (LTD) residual.
    0.25% APR and $2250 lease cash.

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  • VAJeepBuyerVAJeepBuyer Member Posts: 14
    Can you please provide the APR and Residual for a 2016 Sport. 36/12k in Virginia.

    As always, thanks!!
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