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On a 2011 Ford Explorer XLT MSRP 40,995 with a selling price of $36,531 what would be the monthly lease charge for 36 months 10,500 miles a year?
What is the JUNE money factor or residual percentage for 2011 Explorer (base).
By the way, The MSRP is $29380, and I am getting close to $27500, is there further room to discuss with?
Car_man
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The residual value for a lease with only 10,500 miles per year is 1% higher.
I don't believe that Ford is currently providing any cash incentives on leases of this truck.
Car_man
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The numbers for an otherwise identical 24 month lease are 2.25% and 62%, respectively.
The 10,500 mile per year residual values are 1% higher.
Car_man
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Car_man
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I was wondering if I should pull the trigger on this deal?
2011 Ford Explorer Limited FWD
MSRP $45,310
SELLING PRICE $42,784 ($500 OVER INVOICE)
24 MONTH/ 12K PER YR
$1500 DOWN PAYMENT
MONTHLY PAYMENT $682
THOUGHTS? THANKS!
Car_man
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Thank-you. I appreciate the honest feedback. What would you recommend. I just turned in an ML-350. I liked it, but was going to wait until the new 2012 came out, but was told by my dealer that they would be going at MSRP for a while. I also tried BMW X5, but with the minimum of $1500 down payments were north of $900. In short, what type of crossover/SUV would you recommend to lease with the features that the Explorer Limited comes with, specifically the 302a pkg (e.g., cool & heated seats; navigation; etc.)
THanks!
Are these numbers different if it is an AWD?
Also, Do i do the calculations with the MSRP or the MSRP minus the Rapid Spec discount. In other words do i take the residual times the MSRP or the MSRP minus the Rapid Spec discount?
Thanks for your help!
They will buy out my existing lease payments ( approx $1200)
Get me into an X package with Nav $MSRP $37,825 i think it was
Selling me the car for $33,972 ($3,853 off MSRP)
$2600 total Out of pocket
$439/ month for 39 month ( tax in )
12k miles a year.
IS this a good deal or should I keep shopping?
thanks!
Acura MDX
Acura RDX
Buick Enclave
Cadillac SRX
Chevrolet Equinox
Chevrolet Tahoe
Chevrolet Suburban
Ford Edge
Ford Flex
GMC Acadia
Honda Pilot
Infiniti FX35...
I think that you get the idea. There's a ton of great vehicles out there that are better deals than the Explorer to lease right now.
Car_man
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That's a good question about the option package discount. I believe that you would use the full MSRP prior to the discount to calculate your vehicle's residual.
Car_man
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Interested in the residual / apr for Tier 0. As well as any incentives being offered.
Thanks!
Can you tell me what FMC's July lease numbers and incentives for a 2011 Explorer Limited 36 month 15,000/yr.
Interested in the residual / apr as well as any incentives being offered.
Do you have any ideas about when the 2012's will be out and if they will offer any incentives right away or not?
Thanks in advance.
It looks like a good deal. I would like to see how much $$ anybody is getting off of the vehicle now since it is the end of the model year and the 2012's are out soon.
Thanks!!
24 mo Lease special
.5% APR
63% Residual
15K yr
2011 XLT 202A - Moonroof - Polished Wheels - Voice Nav - Pwr Liftgate
Sticker $41500 -- Negotiated Price 39300
Cant seem to get the Lease #'s right tho... Can anyone tell what they should be? I'm being quoted $509 with $3000 OOP.. Seems high
Any incentives available on leases? Do ou think $500 over invoice is possible to obtain?
XLT/4WD/Moonroof/voicenav/powerliftgate
Sell price $37,947
$1000 down pmt
Lease 36 months, 12K/yr @ $469 per month, plus tax (I think is $1449)
Sale price $36,383 , msrp $40530
Upfront aq fee and 1st payment +dmv fee + doc fee $75 total about $1200
$457 per month for 24 months(includes tax), 10500 miles per year
I thinK I got a great deal
Picking it up next week
The MSRP was $39,700. The lease was 24 months and 15K miles per year. I basically wanted to prepay the entire thing so it was $14,050 (excluding sales tax) total for everything....and the dealer let me put it all on my credit card so I could max an airline miles deal that I wanted with my card.
The deal that I came in for started out with the base 2WD XLT and $34,600 MRSP with a 24 mo lease was $319/mo + $4,000 down and 10,500 miles. Once I ran the #'s, upgrading to the 4WD and NAV only added $900 to the the total lease cost because the residual was 69% on the higher end vehicle vs. 63% on the base. I increased the miles to 15K per year and that added another $1,350 to the cost
I'm in the SF bay area. Just thought I'd pass this on. Seemed like a good deal especially for the 2012. I was scratching my head because they had some 2011's but gave a better deal on the 2012.
Options: Package 205A, Vista Roof, Power Lift Gate, NAV, Dealer instld. Remote Start
Selling Price: $37,159
Out of pocket: $2000
Monthly $509
36 months/12,000 miles
This inclides all taxes, DMV, doc, bank fee, etc.
Seems like I did ok?
Do you have September MF and residual value for Explorer Limited 2WD - 39 mos and 10,500 miles?
Does the Ecoboost v. V6 make a difference in the residual value?
Thanks!
I don't think that the engine has an impact upon this truck's residual values.
Car_man
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Your payment will definitely be higher on a 24-month lease, but you might be able to shave a few bucks per month off by going with a 39-month lease.
Car_man
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Lease I'm looking for is 36 months at 12K/year.
Also, you don't want to lease at 19,000 miles per year because your warranty will expire less than 2 years into the lease. Being under bumper to bumper warranty is one of the main reasons to lease.
The numbers for an otherwise identical 39-month lease are 3.75% and 54%.
The numbers for an otherwise identical 48-month lease are 6.75% and 48%.
I don't believe that Ford is currently providing any cash incentives on leases of this truck.
Car_man
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Looking at Premium trim Enclave and Limited trim Explorer. Will add nav and entertainment. Want the car loaded. Dallas Texas. Not certain whether will lease or buy.
Questions:
1) residual and lease rate for both?
2) any rebates, deals, or negotiating tactics or ideas for both?
3) assuming best and expected negotiated price, what lease price should I expect for both for 36 or 39 months at 12k miles per year?
4) what price should I expect to negotiate if I buy ( I have pre approved financing through bank) for both?
5) anything else I should know or consider from a financial standpoint for both?
6) thoughts on which vehicle I should buy. They both approach the small crossover three row suv differently, but we like both and appreciate the access to the third row with the captain second row. Anyone own one and like or dislike specific features?
7) finally, I will be trading in an 08 Lexus es350 with 34k miles on it. The car is in very good shape and shows well. What should I be able to get on trade in?
Really appreciate help on this. I'm a used car guy that normally sells my old car myself. I'm treading in unfamiliar water and could use help and guidance. I hope to do a deal tomorrow.
My wife wants a 27 mo lease w/19500 miles per year (Michigan).
Dealer is quoting the following:
MSRP is $42330
1. A plan price: 38,058.93
2. Residual: 60%
3. Rate 1.5% (0.000625)
4. Acquisition Fee $595
Monthly payment is 466.08/mo with only first month's payment down.
Note that Ford is currently offering 2000 incentive for non Ford lease holders to come and lease a Ford. But dealer says that with leasing, the 2,000 is applied as a down payment and not used against the MSRP if I were to purchase. I am not sure this is correct, but it allows us to leave the dealer with only the first month's payment.
Car man et al - does this sound like a decent deal? I run spreadsheets and it appears legit but I am likely missing something w/regards to the non-Ford lease incentive.
The dealer was correct, the cash incentive for current lessees of non-Ford vehicles is only available on new leases...not cash purchases.
Car_man
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Can you provide the residuals and money factors on the 2012 XLT AWD and Limited AWD?
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
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...
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?)?
Thanks,
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 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 ford.com says otherwise.
Thanks for your help
(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!
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
Thanks