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Ford Explorer Lease Questions



  • Hi engrgrad. The fact that you are able to get this truck through Ford's A-Plan means that you are getting a good selling price on it. This looks like a good deal to me.

    The dealer was correct, the cash incentive for current lessees of non-Ford vehicles is only available on new leases...not cash purchases.

    Prices Paid: Buying & Leasing Experiences Forum
  • Car man,

    Can you provide the residuals and money factors on the 2012 XLT AWD and Limited AWD?
  • Hello Car_man

    I am looking for 36-month lease of a 2012 Explorer Limited FWD with 12,000 miles per year DEC lease rate.

    Is there any difference in lease rate for 4WD ?

    Any other incentives for dec ? I am looking to get this deal done in a week.

    Thanks again
  • I would say this is a good deal for the miles you want. The $2000.00 competitor lease cash rebate is good either buying or leasing. There is also a $1000.00 regional incentive in the Detroit area and that can be used in addition to the $2,000.00 if your buying. The extra $1,000. Will not work on a lease.
    Now, go to Ford Explorers web site and request a brochure on the car, you may very well receive a $750.00 additional rebate, (unadvertised) just for you that you can use in addition to all others, lease or buy...
  • I just ordered a 2012 Explorer XLT, 205 A,moon roof,trailer tow, blk./blk. What is the current wait time on Explorer orders? I realize Chicago assembly is closed for the week after Christmas. Appreciate any inside knowledge on how long customers currently are waiting. Thanks
  • Green69,

    Are you saying that you are able to use A/X plan, plus get the $2000 competitor lease cash rebate, plus the $1000 regional incentive, while also applying the $750 additional rebate from the website?

    If you are active duty military, would you be able to tack on that rebate?

    How carefully do they screen for the competitor lease rebate (i.e., what level of proof do you need to show?)?


  • Naval,
    That's correct if your buying you can use them all. If your leasing then just the competitor $2000.00 and the $750.00 coupon from ordering a bro sure.
    They verify the competitor lease by running a copy of your registration. You do not have to turn the lease in, but they do check. Military discount, ck. with your dealer but I would think it would also apply. One note on the $750. bonus coupon you get with ordering a brosure, it is only good with x plan , not A.
  • I am looking to lease an XLT 2WD with an MSRP of $35,680.
    I have searched but cannot find Ford's buy rate's or residuals
    for a 27 month lease anywhere so I am a little lost here. This is what
    I have been quoted from a local dealer.

    money down $3,282
    Net Cap Cost $32,613
    Money factor =1.5%
    Residual 63%
    15k Miles

    Payment $393 + tax.

    I have asked for the cap cost so i can see what theey are selling the
    vehicle for should have tomorrow. Does this look like a good deal or do
    I have some room for negotiating this deal? also are there any rebates for new ford leases?
    I see people talking about them but edmunds and says otherwise.
    Thanks for your help
  • Ask your salesperson outright, what incentives are currently being offer. If you know anyone that works for Ford or if you own at least 100 shares of Ford stock,
    (for at least 6 mo.) ask to get an X plan price. A friend or neighbor that works for Ford can get X plan offers for friends. Owning Ford stock, contact Ford share
    Holder relations and request X plan. They will send you the form and details.
    Residual: you mentioned 63% for a 15,000 mile 27 month, that sounds correct. Ford figures their residual value for their leases off of MSRP. (that works in your favor when leasing, higher the residual, lower lease cost.). 63% x $35,680 MSRP
    =$22,478. Residual. Also request a Ford brosure on several Ford cars from their web-site, you very likely will get a $750.00 bonus incentive offer, unadvertized
    Just for you. And it can be used with other incentives and x plan. Good luck!
  • zoom03zoom03 Posts: 8
    edited December 2011
    hello car_man,

    The car is on the lot. Looking for 2012 Explorer Limited with 302 A package.

    MSRP is 46K+

    December Lease Rate on

    27 mth 15000 miles 36 mth 12000 miles
  • zoom03zoom03 Posts: 8
    Any Info on 2012 Limited

    36 months --- 12000 miles Lease Rate ?

    MSRP is 46K

    need to buy within 24 hrs

  • 7morsn7morsn Posts: 8
    Hey Car_Man,
    Do you know what the money factor and residual is for this month lease on a Explorer XLT for 36 months?
    Also is there any cash incentives for a lease?

  • I am trying to get the same info. I do know that the $1,000 rebate is gone but i got a $750 coupon via email for requesting brochures from Ford so it almost washes out. Request some brochures on different Ford models and you will get the same coupon! Hope this helps
  • I was just informed by my dealer that Ford changed the residual value over the weekend from 63% down to 55%. :mad:

    Car_man, can you confirm that?

    Is it common that it just changed in the middle of the month?

  • Hey 7morsn. Ford Credit's January base lease rate and residual value for a 36-month lease of a 2012 Explorer XLT AWD with 15,000 miles per year are 2.0% and 54%, respectively.

    I don't believe that Ford is currently offering any cash incentives on leases of the Explorer AWD.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi dillinger7. While I suppose anything is possible, I highly doubt that Ford would just slash the residual value on a vehicle mid-program like that. I don't think that the Explorer's residual values were ever as high as 60% for a 3 year lease. They have been more like in the mid-50's for a while.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi there... Wondering if you'd be kind enough to let me know what the money factor and residuals are for a 2012 Explorer XLT on a 24 month lease (NJ if that makes a difference). Dealer told me 66% and an MF of .0075. When I questioned him on the MF he came back with .0025. Thanks a ton.
  • I believe current Feb. is a residual of 65 % fr a 24 mo. 12,000 mi. Lease. Money factor currently is .25. Good luck!
  • Hey CarMan,

    First time to consider leasing a Ford Explorer. Can you advise February MF and Residual for 4x4 Limitted for 3yr/36month? Also, do they offer 24 month leases? can you advise MF/RES accordingly?

  • Hi rtkane. Ford Credit's February base lease rate and residual value for a 24-month lease of a 2012 Explorer XLT AWD with 15,000 miles per year are 0.25% and 63%, respectively.

    This lease rate is equivalent to a money factor of around .00011.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hey Craig. Ford Credit's current base lease rate and residual value for a 36-month lease of a 2012 Explorer Limited 4WD with 12,000 miles per year are 2.0% and 54%, respectively.

    Yes Ford does indeed offer 24-month leases. The numbers for a 24-month, 12k lease of this truck are 0.25% and 63%.

    You can convert these lease rates into approximate money factor equivalents by dividing them by 2400.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car Man,

    I just got off the phone with the dealer, I am looking at a 2012 Explorer XLT 2WD with 3.5L at a 39mth lease / 12k a year mileage. It would have the 204A package.
    MSRP: $36,260.00
    Agreed Value given was $33,819.00 - total Gross Capital Cost $34,414.00.
    Residual: $19,580.40 (looks like around 57%)
    Depreciation: $14,833.60
    Rent Charge: $1,963.31 (what is this?)
    Total of Base MP: $16,796.94
    Total monthly payment $460.84
    With paying inceptions only at $1497.69 (1st month $460.84, Doc Fee $599.95, Upfront tax $6.66, Lic., Insp, Title, Reg $323.75, and other fees $66.50)

    Can you advise if this is a good deal or can I do better? I live in Florida by the way, in Dade-County. How do I calculate the money factor?
    Thanks for your help!
  • I think you can do better! Ford currently is running 24 month leases as their best lease deal. Risidual currently on a 12,000 mi., 24 mo. Is running 65%.
    I would email a couple local dealers, tell them what you want and let them fight over your business. Get at least a couple comparable offers and then you can make a confident call. Good luck! I have the new Explorer and it exceeds expectation! The ride and handling is tremendous! Great choice!
  • Hi Green69!

    Appreciate the feedback! I was not really keen on leasing for just two years, besides, the monthly payment with no money down (except inceptions) would be higher than a 39 mth. I was advised the 36 mt lease deals are not as good as the 39 or 24.

    I just want to know where I should be on the numbers that would constitute a good deal based on my vehicle choice and the numbers in my first post.

  • gax279gax279 Posts: 1
    edited February 2012
    Hi Car man-
    Been about 7 years since I've bought a car and I need some advice.

    I am eligible for X Plan pricing through my place of employment. Looking at a 2012 Explorer Limited AWD with the 302A package, dual pane moonroof, trailer tow package, 20" polished wheels, and 2nd row dual bucket seats. Sticker is $48,765; X-Plan pricing is ~$44,500. I haven't talked to a dealer yet so not sure if I can do any better than the X-Plan?

    I have a 2005 GMC Envoy Denali 4WD with 57,000 miles on it that Edmunds says I should get $10,000 for trade-in. It is paid for, so that's nice. :)

    Weighing out my options of buying (thinking it'll be about a $600/month payment for 60 months) or leasing to reduce the payment since I will have no problem with mileage on a 3 year/36,000 mile lease.

    If I was to lease, would I apply the entire trade-in amount to the lease down payment. I'd like to lease with $0 down or as little out of pocket.

    I am in Chicagoland NW Suburbs, and would consider a 36 or 39 month lease, with 10,500 miles a year.

    One last question for 2011/2012 Explorer owners with the 20" tires, how are the Hankook Optimo H426 tires in the snow? Or in general, how are those tires?

    Thank you-
  • Hi car man,

    I'm totally a new at leasing so I apologize if this has been asked before. I see above that you are saying a 36-month lease of a 2012 Explorer Limited 4WD with 12,000 miles per year are 2.0% and 54%, respectively. Is this only regional and not everywhere? I'm asking because my local dealer here in Utah is quoting me 4.0% and 54% respectively for a 36 month and 4.25% and 52% for a 39 month (on their top tier credit rating). Did anything change in the last 2 weeks? How can I call them on this and get the 2.0%? Is there a Ford web page that I can reference? Thanks!

  • I guess it looks like the dealer is trying to make 2 points. So if I just apply myself at will I get the 2.25% and 52% for 39 months and 12000 miles (assuming best credit rating)?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Don. There's nothing wrong with trading in your current truck when leasing a new one. However, it would be in your best interest to have the dealer cut you a check for your trade rather than use the proceeds from it as a down payment for your lease. Consumers who make large down payments on leased vehicles risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. You can still do a zero down lease, even with the dealer paying you for your trade.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car man,

    Can you please tell me the March 2012 residual and money factor for a 2012 Explorer XLT FWD, 24 month lease with 12k miles?

    Thank you,

This discussion has been closed.