updated lease info--2016 Ford Explorer

tomy3tomy3 Member Posts: 46
edited June 2016 in Ford
What is the current residual % for a 36 mo./12,000 lease. I would also like the % APR (not the money factor).
As always thanks to the experts at Edmunds.

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  • kyfdxkyfdx Moderator Posts: 207,899
    tomy3 said:

    What is the current residual % for a 36 mo./12,000 lease. I would also like the % APR (not the money factor).
    As always thanks to the experts at Edmunds.

    Sport model?

    Ford numbers are regional. Which state?

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  • tomy3tomy3 Member Posts: 46
    sorry, the Cleveland, Ohio area. Yes Explorer-SPORT
  • kyfdxkyfdx Moderator Posts: 207,899
    tomy3 said:

    What is the current residual % for a 36 mo./12,000 lease. I would also like the % APR (not the money factor).
    As always thanks to the experts at Edmunds.

    tomy3 said:

    sorry, the Cleveland, Ohio area. Yes Explorer-SPORT

    0.25% APR and 57% residual. $1000 lease cash.

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  • bsheursbsheurs Member Posts: 13
    edited June 2016
    Hello. What is the Explorers XLT info for 24/15k and 36/15k in NJ
  • kyfdxkyfdx Moderator Posts: 207,899
    bsheurs said:

    Hello. What is the Explorers XLT info for 24/15k and 36/15k in NJ

    0.25% APR and 63%/54% residual. $1000 lease cash

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  • tomy3tomy3 Member Posts: 46
    The Ford Explorer %APR is .25% does this result in a 0.00000104 MF for the monthly "rent charge" applied to the sum of the residual plus adjusted cap cost divided by the number of monthly payments on the lease? If so it is dirt cheap money vs 2.5% APR which result in a factor of 0.0000104 which is 10 times higher that dirt, but not too bad. Need some clarification soon. Thanks kydx!
  • MichaellMichaell ColoradoModerator Posts: 206,417
    tomy3 said:

    The Ford Explorer %APR is .25% does this result in a 0.00000104 MF for the monthly "rent charge" applied to the sum of the residual plus adjusted cap cost divided by the number of monthly payments on the lease? If so it is dirt cheap money vs 2.5% APR which result in a factor of 0.0000104 which is 10 times higher that dirt, but not too bad. Need some clarification soon. Thanks kydx!

    The .25% APR used for Ford leases is indeed equivalent to .000104.

    Monthly rent charge = (cap cost + residual) * MF decimal value

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  • kyfdxkyfdx Moderator Posts: 207,899
    @tomy3 You are correct, it's dirt cheap financing. About $6-$8 per month.

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  • mdog912mdog912 Member Posts: 11
    Need a little help here..
    Looking at a '16 Explorer Xlt , leasing in MA. 36/10,500miles

    MSRP 42,340
    Selling Price 38,259
    Residual 24,134

    They telling me , Sign n Drice for $430/month that includes State tax and Exice Tax. 

    Are the numbers what they should be? 430/mo?
  • kyfdxkyfdx Moderator Posts: 207,899
    mdog912 said:

    Need a little help here..
    Looking at a '16 Explorer Xlt , leasing in MA. 36/10,500miles

    MSRP 42,340
    Selling Price 38,259
    Residual 24,134

    They telling me , Sign n Drice for $430/month that includes State tax and Exice Tax. 

    Are the numbers what they should be? 430/mo?

    I get $399/mo.+tax

    If $430/mo. includes everything, that looks pretty good.

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  • m_driver1m_driver1 Member Posts: 8
    Dear moderator, could you please provide money factor and residual for 2017 Explorer Sport, 36m/12K in NJ? Any incentives? Also, I am getting $1800 out of pocket, $555 monthly (all included) for truck with MSRP $48.5K. Can I do better? Greatly appreciate your help in advance!
  • kyfdxkyfdx Moderator Posts: 207,899
    m_driver1 said:

    Dear moderator, could you please provide money factor and residual for 2017 Explorer Sport, 36m/12K in NJ? Any incentives? Also, I am getting $1800 out of pocket, $555 monthly (all included) for truck with MSRP $48.5K. Can I do better? Greatly appreciate your help in advance!

    1.25% APR and 56% residual. $250 lease cash.

    No input on the pricing.

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  • glebedinglebedin Member Posts: 15
    Moderator, please comment
    2017 Explorer Sport 36/12k
    MSRP 46990
    Cap Cost 42820
    With a 56% resid, 1.25% APR (.00052) and 6% sales tax
    First month and tag title transfer I'm coming up with $524.11

    Dealer is sayin he is at $559 plus tax.
  • MichaellMichaell ColoradoModerator Posts: 206,417
    glebedin said:

    Moderator, please comment
    2017 Explorer Sport 36/12k
    MSRP 46990
    Cap Cost 42820
    With a 56% resid, 1.25% APR (.00052) and 6% sales tax
    First month and tag title transfer I'm coming up with $524.11

    Dealer is sayin he is at $559 plus tax.

    I'm getting $524.11 as well.

    Dealer is either using a different cap cost or a higher MF. Find out which.

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  • m_driver1m_driver1 Member Posts: 8
    kyfdx said:

    m_driver1 said:

    Dear moderator, could you please provide money factor and residual for 2017 Explorer Sport, 36m/12K in NJ? Any incentives? Also, I am getting $1800 out of pocket, $555 monthly (all included) for truck with MSRP $48.5K. Can I do better? Greatly appreciate your help in advance!

    1.25% APR and 56% residual. $250 lease cash.

    No input on the pricing.
    Thanks. You meant $2,500 lease cash (as opposed to $250) ?
  • MichaellMichaell ColoradoModerator Posts: 206,417
    m_driver1 said:

    kyfdx said:

    m_driver1 said:

    Dear moderator, could you please provide money factor and residual for 2017 Explorer Sport, 36m/12K in NJ? Any incentives? Also, I am getting $1800 out of pocket, $555 monthly (all included) for truck with MSRP $48.5K. Can I do better? Greatly appreciate your help in advance!

    1.25% APR and 56% residual. $250 lease cash.

    No input on the pricing.
    Thanks. You meant $2,500 lease cash (as opposed to $250) ?
    No. Only $250.

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  • glebedinglebedin Member Posts: 15
    Michaell said:

    glebedin said:

    Moderator, please comment
    2017 Explorer Sport 36/12k
    MSRP 46990
    Cap Cost 42820
    With a 56% resid, 1.25% APR (.00052) and 6% sales tax
    First month and tag title transfer I'm coming up with $524.11

    Dealer is sayin he is at $559 plus tax.

    I'm getting $524.11 as well.

    Dealer is either using a different cap cost or a higher MF. Find out which.
    So they are not using the negotiated price of $42820. Only for purchase.
    Wont budge from the $559+tax.
    I think it may be worth buying and hold for 5 years.
  • MichaellMichaell ColoradoModerator Posts: 206,417
    glebedin said:

    Michaell said:

    glebedin said:

    Moderator, please comment
    2017 Explorer Sport 36/12k
    MSRP 46990
    Cap Cost 42820
    With a 56% resid, 1.25% APR (.00052) and 6% sales tax
    First month and tag title transfer I'm coming up with $524.11

    Dealer is sayin he is at $559 plus tax.

    I'm getting $524.11 as well.

    Dealer is either using a different cap cost or a higher MF. Find out which.
    So they are not using the negotiated price of $42820. Only for purchase.
    Wont budge from the $559+tax.
    I think it may be worth buying and hold for 5 years.
    It is common to have different incentives for lease vs. purchase.

    Edmunds Price Checker
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