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2017 Ford Explorer Lease Questions

kyfdxkyfdx Posts: 54,789
edited July 2016 in Ford
Ask your 2017 Explorer lease questions here!

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  • What are the residual and MF for a 2017 Ford Explorer XLT for a 3 yr, 10K/yr lease in MD?

    Thanks...
  • MichaellMichaell ColoradoPosts: 45,569

    What are the residual and MF for a 2017 Ford Explorer XLT for a 3 yr, 10K/yr lease in MD?

    Thanks...

    56% residual, but no MF info available yet.

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  • 210mike210mike Posts: 5
    Hello,

    Looking for residual and APR/MF on 2017 Ford Explorer Sport, in San Antonio,Texas.

    36mo/12k/yr and 39mo/12k/yr lease terms.
  • kyfdxkyfdx Posts: 54,789

    What are the residual and MF for a 2017 Ford Explorer XLT for a 3 yr, 10K/yr lease in MD?

    Thanks...

    1.25% APR and 56% residual

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  • kyfdxkyfdx Posts: 54,789
    210mike said:

    Hello,

    Looking for residual and APR/MF on 2017 Ford Explorer Sport, in San Antonio,Texas.

    36mo/12k/yr and 39mo/12k/yr lease terms.

    56%/54% residual and 1.25%/1.50% APR for 36/39 months.

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  • ceerod3ceerod3 Posts: 7
    Hello all, for the New Jersey area, may I please know what is the "RESIDUAL VALUE" and "MONEY FACTOR" for the 2017 Ford Explorer Sport for 36 MONTH and 12,000 MILES ? Thank you for your help :smile:
  • lwest804lwest804 Posts: 16
    edited July 2016
    Looking into the 2017 XLT with 202A package and the tech bundle. 36/12 zero down. These are the numbers I've gotten so far:
    MSRP: $ 39,510.00
    Selling Price: $ 37,709.36
    Rebates: $ 1,750.00
    Payment: $ 477.80 plus tax, title & lic (I'm in California)

    Really want a payment at $500 max, including tax. Am I being unrealistic even if I pay the drive-offs? I've been browsing the forums and don't completely understand the residual and MF numbers but any info you can give would be appreciated!

    I've heard residuals are higher when a new model year is released (unless its a total revamp of the car)--is that true?

    Thanks so much!
  • baker332baker332 Posts: 6
    Looking at leasing a 2016 Explorer XLT around the Columbia SC area. What can i expect off of the MSRP? what incentive are there right now on a 2016 with rebates, etc? How about money factor and residual for 15k a year lease?
  • MichaellMichaell ColoradoPosts: 45,569
    ceerod3 said:

    Hello all, for the New Jersey area, may I please know what is the "RESIDUAL VALUE" and "MONEY FACTOR" for the 2017 Ford Explorer Sport for 36 MONTH and 12,000 MILES ? Thank you for your help :smile:

    56% and 1.25%

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  • MichaellMichaell ColoradoPosts: 45,569
    lwest804 said:

    Looking into the 2017 XLT with 202A package and the tech bundle. 36/12 zero down. These are the numbers I've gotten so far:
    MSRP: $ 39,510.00
    Selling Price: $ 37,709.36
    Rebates: $ 1,750.00
    Payment: $ 477.80 plus tax, title & lic (I'm in California)

    Really want a payment at $500 max, including tax. Am I being unrealistic even if I pay the drive-offs? I've been browsing the forums and don't completely understand the residual and MF numbers but any info you can give would be appreciated!

    I've heard residuals are higher when a new model year is released (unless its a total revamp of the car)--is that true?

    Thanks so much!

    1.25% and 55%.

    If the selling price is the cap cost, I get $475/mo before tax - pretty close to the quote you've been given. Therefore, I assume the drive offs are excluded from the selling price and you'll pay them at lease inception.

    Yes, residuals tend to be highest at the beginning of the model year, but that doesn't mean the bank won't artificially inflate the residual at some point to help with sales.

    You might peruse this link to help educate you:

    http://www.edmunds.com/car-leasing/

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  • MichaellMichaell ColoradoPosts: 45,569
    baker332 said:

    Looking at leasing a 2016 Explorer XLT around the Columbia SC area. What can i expect off of the MSRP? what incentive are there right now on a 2016 with rebates, etc? How about money factor and residual for 15k a year lease?

    This is the 2017 Explorer thread; for 2016 discussions, go here:

    http://forums.edmunds.com/discussion/35591/ford/explorer/2016-ford-explorer-lease-questions#latest

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  • 210mike210mike Posts: 5
    edited July 2016
    I ended up leasing the 2017 Explorer Sport. We had a couple grand in equity on the 2014 XSport lease so we traded it in early. If it's OK I'll share my numbers as a thank you to the Mods who help us out so much (you are appreciated!)

    I'm in Texas so taxes on the entire purchase price (minus trade in) of the vehicle get added to cap cost. I'm going to round numbers to the closest hundred, just want to give an example deal really. This is for a 39 month/12K mile lease.

    2017 Ford Explorer Sport
    MSRP 52,705
    Sell price: 50,600


    Gross Cap: 53,600 (Taxes, acq fee, other fees, wearcare, tire/rim protection package)
    Rebates: 500
    Trade in allowance: 2000
    Cash including 1st month: 950

    Net Cap: 50,800

    Residual 28,460.70 (54%)
    Rent Charge: 3500 (2.75% APR)
    Depreciation: 22,300

    Payment came out to 662/month

    A few comments: The APR is clearly higher than what gets posted here online. The dealer didn't want to budge and with the 2017's just hitting the lot I couldn't really play hardball. I suspect this is where they make most of their money on the transaction as they sold the car fairly close to invoice when they didn't really have to. The 2017's are just starting to hit the lots and I can't imagine they're motivated to move them quickly. I wanted to trade out of the 2014 while the value was still as high as it was and while I still could (supposedly you can't end a Ford lease in the last 120 days of the lease).

    There was 250 lease cash and 250 returning lease cash rebates available. Trading in the lease early here in Texas also allowed me to only pay 1100 dollars in sales tax instead of 3100+ (Texas taxes new car sales @ 6.25%, and if you lease here you pay taxes on 100% of the full sale price up front, no monthly tax on payments). Best deal ever? No, but I'm happy with the vehicle and feel like it was pretty fair deal for a 2017 that had only been on the lot for 5 days. The best theoretical perfect deal I ran the numbers on had me at 622/mo with 1.5%APR, the rate at 2.75% raised the rent charge about 1600 bucks and the payment roughly 40 dollars a month.
  • MichaellMichaell ColoradoPosts: 45,569
    210mike said:

    I ended up leasing the 2017 Explorer Sport. We had a couple grand in equity on the 2014 XSport lease so we traded it in early. If it's OK I'll share my numbers as a thank you to the Mods who help us out so much (you are appreciated!)

    I'm in Texas so taxes on the entire purchase price (minus trade in) of the vehicle get added to cap cost. I'm going to round numbers to the closest hundred, just want to give an example deal really. This is for a 39 month/12K mile lease.

    2017 Ford Explorer Sport
    MSRP 52,705
    Sell price: 50,600

    Gross Cap: 53,600 (Taxes, acq fee, other fees, wearcare, tire/rim protection package)
    Rebates: 500
    Trade in allowance: 2000
    Cash including 1st month: 950

    Net Cap: 50,800

    Residual 28,460.70 (54%)
    Rent Charge: 3500 (2.75% APR)
    Depreciation: 22,300

    Payment came out to 662/month

    A few comments: The APR is clearly higher than what gets posted here online. The dealer didn't want to budge and with the 2017's just hitting the lot I couldn't really play hardball. I suspect this is where they make most of their money on the transaction as they sold the car fairly close to invoice when they didn't really have to. The 2017's are just starting to hit the lots and I can't imagine they're motivated to move them quickly. I wanted to trade out of the 2014 while the value was still as high as it was and while I still could (supposedly you can't end a Ford lease in the last 120 days of the lease).

    There was 250 lease cash and 250 returning lease cash rebates available. Trading in the lease early here in Texas also allowed me to only pay 1100 dollars in sales tax instead of 3100+ (Texas taxes new car sales @ 6.25%, and if you lease here you pay taxes on 100% of the full sale price up front, no monthly tax on payments). Best deal ever? No, but I'm happy with the vehicle and feel like it was pretty fair deal for a 2017 that had only been on the lot for 5 days. The best theoretical perfect deal I ran the numbers on had me at 622/mo with 1.5%APR, the rate at 2.75% raised the rent charge about 1600 bucks and the payment roughly 40 dollars a month.

    Congrats on the new Explorer, and thanks for sharing your deal details with us.

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  • tommylee2tommylee2 AtlantaPosts: 19
    I got a 2017 base model quote from a dealer with MSRP $33290:
    The Adjusted CAP Cost is $34,252.22
    The Residual is $18,037.25 or 55%
    The Money Factor is 1.25%
    Total money due at signing:
    If you only put the $3,500 down the payment goes to $403.21
    If you put the $3,500 and taxes down coming in at roughly $5,700 that would give you the payment of $342.08

    Are these numbers right?? thanks in advance!
  • kyfdxkyfdx Posts: 54,789
    tommylee2 said:

    I got a 2017 base model quote from a dealer with MSRP $33290:
    The Adjusted CAP Cost is $34,252.22
    The Residual is $18,037.25 or 55%
    The Money Factor is 1.25%
    Total money due at signing:
    If you only put the $3,500 down the payment goes to $403.21
    If you put the $3,500 and taxes down coming in at roughly $5,700 that would give you the payment of $342.08

    Are these numbers right?? thanks in advance!

    The calculations are correct.

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  • July numbers for 2017

    explorer sport, 10,5/k/yr, 36 and 39 mo in Tennessee
    explorer Platinum, 10,5/k/yr, 36 and 39 mo in Tennessee
  • MichaellMichaell ColoradoPosts: 45,569

    July numbers for 2017

    explorer sport, 10,5/k/yr, 36 and 39 mo in Tennessee
    explorer Platinum, 10,5/k/yr, 36 and 39 mo in Tennessee

    36/10.5
    Sport - 57%
    Platinum - 54%
    1.25% MF

    39/10.5
    Subtract 2% from residual; 1.50% MF

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  • thjuinatlthjuinatl Posts: 1
    Need MF and Residual for 2017 Explorer Sport in GA for 36/10.5k and 36/12k - zero down

    MSRP: $52,555 +7% TAX (in GA upfront)
    I am eligible for X-Plan pricing: $50.065 incl. Tax: $53,569

    What would be the monthly rate?
  • kyfdxkyfdx Posts: 54,789
    thjuinatl said:

    Need MF and Residual for 2017 Explorer Sport in GA for 36/10.5k and 36/12k - zero down

    MSRP: $52,555 +7% TAX (in GA upfront)
    I am eligible for X-Plan pricing: $50.065 incl. Tax: $53,569

    What would be the monthly rate?

    1.25% APR and 57%/56% residual.

    $699/mo. or $714 mo., assuming $52,555 is MSRP and $53,569 is adjusted CAP cost.

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  • jmacdaddiojmacdaddio NJPosts: 7
    Does anyone have the residual % and MF for a 2017 Explorer XLT in NJ? 36 months / 12k miles / 13.5k miles if avail. Thanks in advance.
  • kyfdxkyfdx Posts: 54,789

    Does anyone have the residual % and MF for a 2017 Explorer XLT in NJ? 36 months / 12k miles / 13.5k miles if avail. Thanks in advance.

    1.25% APR and 55%/54% residual.

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  • explorer Limited, 10,5/k/yr, 36 and 39 mo in Tennessee? Thanks :)
  • kyfdxkyfdx Posts: 54,789

    explorer Limited, 10,5/k/yr, 36 and 39 mo in Tennessee? Thanks :)

    1.25% APR and 54%/52% residual.

    Subtract 1% if FWD

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  • tommylee2tommylee2 AtlantaPosts: 19
    edited July 2016
    I have a 2017 explorer base model MSRP: $33290
    They told me Selling price is $29909
    Rebate: $250
    Cash Price: $29659
    Sales Tax: $2149
    Total Fees: $810
    TOTAL Cash Price: $32867
    Total Charges: $32617

    $4500 cash down, 36mo/10500mi. Monthly is $325.
    They also told me the adjusted CAP cost is $32867.85
    Please help to advise..
  • 210mike210mike Posts: 5
    tommylee2 said:

    I have a 2017 explorer base model MSRP: $33290
    They told me Selling price is $29909
    Rebate: $250
    Cash Price: $29659
    Sales Tax: $2149
    Total Fees: $810
    TOTAL Cash Price: $32867
    Total Charges: $32617

    $4500 cash down, 36mo/10500mi. Monthly is $325.
    They also told me the adjusted CAP cost is $32867.85
    Please help to advise..

    I'm not a mod or anything, but I've leased 3 Ford vehicles in the past few years. Any particular reason you want to put 4500 down? I'm generally against putting anything down on a lease other than 1st months payment. If something happens to that car you don't get that money back. Better to hold on to it and use it to offset the higher payment if you can. I do understand some folks might prefer to put the money down to lower the monthly payment.

    Using your numbers and the 1.25% base APR I get 304/month. Can they break the fees down for you? Ford's lease acquisition fee for me was 645 the last 2 times. If I add 645 to your numbers I get really close to 325 a month.

    0 cash down bumps the payment to 450/mo.

    My opinion is it's a reasonable deal. Selling the car for close to or under invoice, and only 20 dollars off a perfect scenario means the dealer makes a little money on the deal. If they missed the 645 acq fee the numbers make perfect sense. The upfront sales tax is a killer though when it comes to leasing, I feel the pain living in Texas, we do the same thing here. It's the difference between a 280 dollar payment and a 325 dollar payment.
  • tommylee2tommylee2 AtlantaPosts: 19
    edited July 2016
    210mike said:

    tommylee2 said:

    I have a 2017 explorer base model MSRP: $33290
    They told me Selling price is $29909
    Rebate: $250
    Cash Price: $29659
    Sales Tax: $2149
    Total Fees: $810
    TOTAL Cash Price: $32867
    Total Charges: $32617

    $4500 cash down, 36mo/10500mi. Monthly is $325.
    They also told me the adjusted CAP cost is $32867.85
    Please help to advise..

    I'm not a mod or anything, but I've leased 3 Ford vehicles in the past few years. Any particular reason you want to put 4500 down? I'm generally against putting anything down on a lease other than 1st months payment. If something happens to that car you don't get that money back. Better to hold on to it and use it to offset the higher payment if you can. I do understand some folks might prefer to put the money down to lower the monthly payment.

    Using your numbers and the 1.25% base APR I get 304/month. Can they break the fees down for you? Ford's lease acquisition fee for me was 645 the last 2 times. If I add 645 to your numbers I get really close to 325 a month.

    0 cash down bumps the payment to 450/mo.

    My opinion is it's a reasonable deal. Selling the car for close to or under invoice, and only 20 dollars off a perfect scenario means the dealer makes a little money on the deal. If they missed the 645 acq fee the numbers make perfect sense. The upfront sales tax is a killer though when it comes to leasing, I feel the pain living in Texas, we do the same thing here. It's the difference between a 280 dollar payment and a 325 dollar payment.
    Yes the reason that I want to put money down is to reduce the monthly, since my company is paying for the starting fees for me due to my relocation.
    So now is either this 2.5L ecoboost model or the V6 model for me. Below is the V6 model quote:
    $328 monthly with $3500.00 down 36mo/10,500mi, cap cost $33283.00 with MSRP $32300 (actually i'm not sure if this cap cost is correct or not). I don't know which one is a better deal to take.




  • kyfdxkyfdx Posts: 54,789
    With Texas taxes, I agree.. a pretty decent deal.

    If your employer is paying the $4500 upfront, then that makes perfect sense.

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  • cristianh2010cristianh2010 Posts: 26
    edited July 2016
    Are the numbers the same in Virginia?

    36/10.5
    Sport - 57%
    1.25% MF
  • lwest804lwest804 Posts: 16
    When do the lease deals start to improve on a new model year? I was trying to get a deal for a 2017 but they were offering much more on a 2016 (understandably). Just not sure if I should forget the 2017 Explorer all together or if it will be leasing better by the end of the year. What is the MF and RV on a 2017 FWD XLT in California?

    Thanks!
  • MichaellMichaell ColoradoPosts: 45,569

    Are the numbers the same in Virginia?

    36/10.5
    Sport - 57%
    1.25% MF

    Yes VA and TN have the same numbers.

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