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2016 XLT Explorer. 34k including tax. 36month lease. Residual 57. Money factor 1.25%. No money down

jason2tpajason2tpa Posts: 8
edited October 2015 in Ford

Answers

  • kyfdxkyfdx Posts: 152,869
    jason2tpa said:

    Goood deal?

    What is the MSRP?

    What is the state/tax rate?

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    Edmunds Moderator

  • 35,510 with 2,675 in discounts. Given the total balance of $33,938 after all taxes and fees. And I believe this is priced at 10k in annual miles
  • Florida sales tax is 6%
  • kyfdxkyfdx Posts: 152,869
    jason2tpa said:

    35,510 with 2,675 in discounts. Given the total balance of $33,938 after all taxes and fees. And I believe this is priced at 10k in annual miles

    I show the money factor at 0.25%, not 1.25% APR.

    Also, Florida taxes the monthly payment, so tax really shouldn't be part of the CAP cost. It's the payment that gets taxed. Also, watch out for "fees", especially in Florida. Dealers there like to tack on $700-$800 for nothing..

    So..what is the payment quoted and how much due at signing?

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    Edmunds Moderator

  • Can you view this doc?


  • MichaellMichaell ColoradoPosts: 146,565
    jason2tpa said:

    Can you view this doc?


    Yes, I see the document. What I also see are the marked up MF (1.25% vs .25% from Ford).

    When I use $35,510 as the MSRP, $33,939 as the net cap cost, .25% MF and 57% residual, I get a payment of $409/mo with 6% tax for 36 months.

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    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • So what's the most common MF for this vehicle ballpark? I know it's negotiable, but .25% is that more common than 1.25%? And yes, this quote is based on 10k miles/year. I would be getting 15k and possibly paying extra a month for a few thousand more miles a year. Do you recommend prepaying for these miles and gambling you use the miles you pay or pay the fee at the end of the lease?
  • kyfdxkyfdx Posts: 152,869
    jason2tpa said:

    So what's the most common MF for this vehicle ballpark? I know it's negotiable, but .25% is that more common than 1.25%? And yes, this quote is based on 10k miles/year. I would be getting 15k and possibly paying extra a month for a few thousand more miles a year. Do you recommend prepaying for these miles and gambling you use the miles you pay or pay the fee at the end of the lease?

    0.25% APR is the base rate. We don't know if it's common, just that it's marked up.

    Miles are cheaper if you take the higher allowance. Plus, if you drive a little more, you won't think about how every little trip is taking money out of your pocket.

    On a 36/15 lease, the extra 15000 miles is $1050 over the life of the lease (compared to 36/10). That's only $0.07 per mile.

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    Edmunds Moderator

  • Sorry Im confused now. You say the MF is marked up. But marked up from what since there is no common?  Unless I overlooked, how do you know by looking at the document the base rate is 0.25%
  • MichaellMichaell ColoradoPosts: 146,565
    jason2tpa said:

    Sorry Im confused now. You say the MF is marked up. But marked up from what since there is no common?  Unless I overlooked, how do you know by looking at the document the base rate is 0.25%

    .25% is the base rate, which is the one you should be working to have used in your deal. Anything higher simply represents profit for the dealer.

    We have access to information that isn't public, so we know what the base rate is.

    Tell the dealer - politely but firmly - that you won't sign a deal with a marked up MF. They know the base rate; no need for you to negotiate it.

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    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Help. I too am going to lease a new Ford Explorer XLT locally. The MSRP is 44600 with a 2100 X Plan discount and a $250 rebate. Trade equity of $2400. What would my payment be for 36 months 15k per year. Every dealer I talk to tell me something different and says they are giving me buy rate on the money. Can you give me a payment. No sales tax in Oregon. Thanks
  • MichaellMichaell ColoradoPosts: 146,565
    allanvb said:

    Help. I too am going to lease a new Ford Explorer XLT locally. The MSRP is 44600 with a 2100 X Plan discount and a $250 rebate. Trade equity of $2400. What would my payment be for 36 months 15k per year. Every dealer I talk to tell me something different and says they are giving me buy rate on the money. Can you give me a payment. No sales tax in Oregon. Thanks

    Need to know the net cap cost ... I would think you could negotiate a lower selling price than what X-plan gives you.

    How are you applying the trade equity? Up front costs such as bank fee, dealer fee and first payment?

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    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • allanvballanvb Posts: 3
    edited November 2015
    0 money out of pocket. I was told .5 as the rate factor. no security deposit. They will not go below X Plan... because of availability.... Thinking about waiting till after 1st of year, but am worried about interest rates going up.. thoughts?
  • MichaellMichaell ColoradoPosts: 146,565
    allanvb said:

    0 money out of pocket. I was told .5 as the rate factor. no security deposit. They will not go below X Plan... because of availability.... Thinking about waiting till after 1st of year, but am worried about interest rates going up.. thoughts?

    Can't predict what will happen to the numbers going forward .. I suppose it depends on how well Ford can sell Explorers.

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    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • do you know what the buy rate is from ford for 36 month lease rate. Also would like to know Residual percentage?
    Thanks
  • MichaellMichaell ColoradoPosts: 146,565
    allanvb said:

    do you know what the buy rate is from ford for 36 month lease rate. Also would like to know Residual percentage?
    Thanks

    36/15 residual is 54% for the XLT. APR is .50% and there is $250 lease cash available.

    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 / 2014 MINI Countryman S ALL4

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