Ford Explorer Lease Questions

zoom03

Any Info on 2012 Limited

36 months --- 12000 miles Lease Rate ?

MSRP is 46K

need to buy within 24 hrs

Thx

7morsn

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?

Thanks,

assiason

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

dillinger7

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?

Thanks.

CarMan@Edmunds

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.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

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.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

rtkane

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.

green69

I believe current Feb. is a residual of 65 % fr a 24 mo. 12,000 mi. Lease. Money factor currently is .25. Good luck!

rtkane

Thank you!

freedomluvr

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?

Thanks.
Craig

CarMan@Edmunds

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.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

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.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

jnijankin

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!
Rgds,

green69

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!

jnijankin

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.

Thanks!

gax279

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-
Don

drp392

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!

Mike

drp392

I guess it looks like the dealer is trying to make 2 points. So if I just apply myself at fordcredit.com will I get the 2.25% and 52% for 39 months and 12000 miles (assuming best credit rating)?

CarMan@Edmunds

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.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

ozman2005

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,

Ozzie

CarMan@Edmunds

Hi Ozzie. Ford Credit's March base lease rate and residual value for a 24-month lease of a 2012 Explorer XLT FWD with 12,000 miles per year are 0.25% and 67%, respectively.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

amgrouchy1

Hi Car Man,

I'm looking for the current lease rates on a 2012 ford explorer limited with the eco-boost FWD platform. do you have the money factor and residual for a 10k per year lease for both 24 and 36 months? Need to make a decision this weekend so your help is appreciated!

zoom03

Hi Car Man,

I'm looking for the current lease rates on a 2013 ford explorer limited with 12 K/Yr for 36 m.

2013 are on the lot .

Thanks again.

zoom03

Anyone know 2013 Lease rates on Limited for 36 M & 12k/Yr

Some dealers are saying 54 & 2.5% some 54 & 4.5%

chuck68516

Car_Man,

I need the current lease rate and residual for the 2013 Ford Explorer Limited 4WD for 24 and 36 months, 10,500 miles per year. Zip 68516. Thanks.

CarMan@Edmunds

Hi chuck68516. Ford Credit's current base lease rate and residual value for a 24-month lease of a 2013 Explorer Limited 4WD in your area with 10,500 miles per year are 3.0% and 65%, respectively.

The numbers for an otherwise identical 36-month lease are 4.5% and 56%.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

earman68

Hello Car Man,

Can you please tell me the current lease rate and residual for the 2013 Ford Explorer Limited 4WD for 36 months, 12,000 miles per year. I live in Queens, New York and my zip is 11360.

The dealer was talking with his manager and saying how the 2013 lease programs are not good and high at 4% and need to come down "2 points" to get me to the number i want to be at. I was looking for a sign and drive ( 1st month/transfer NYC plates) and looking to lease around mid $550s for a 2012 /2013Realistic/Unrealstic if they come down to 2%?

Thanks so much,
earman67

alextroy

Hi Car_Man

Can you please post May money factor/residual figures for 2013 Ford Explorer XLT with Equipment Package 202A, lease for 15k miles per year, zip code is 11803.

Thanks!

earman68

tri coat white with black leather
205a package with lift gate, moon roof, tow package and bliss
39 months 12k per year
only paid first month and DMV
montly $529
good deal with options?

ps car already at dealer for guess what?
MY TOUCH voice recognition issues, told needed to order part..
not feeling good car less than 1 week old.. help !!

fishnerdoc

Hi Car Man, et al

Just seeing if anyone thinks this is a good lease quote on a 2013 4wd xlt with 202a package, power lift gate, 20" Rims.

Msrp 40475
Pp 38130
Rate 2%
residual 54%
no down
First month and Reg drive off
With tax (8.75%) total monthly payment of $537

What do u guys think?

fishnerdoc

This a 36 month lease at 15k miles/year

raslez

Hello,

Does anybody know the current lease rate for a 2013 explorer xlt? My dealer first quoted me 1% for 3 yrs, 15k miles then said it is 2.5%. I haven't signed yet and wanted to check on here first.

Thanks

snuddenstang1

I received the following quote from my local dealer in NJ:

2012 Ford Explorer XLT 4wd msrp $38,451
X-plan price of $36,416
money factor 2%
Residual 55%

12k a year

$2000 down
$433.00 a month includes tax & fees

or 15k per year
$2000 down
$455 a month includes tax % fees

Seem like a good deal? $

djhalptert

I don't see this as being "good." You could buy that same Explorer for about $580 a month including tax. I wouldn't lease one to save $125 or less. Might as well buy. Buying gives you additional rebate(s) not available to leasing. Buy it or negotiate a better lease.

mndconn

Hi Car Man, others:

Got a "deal" on an XLT Ecoboost my wife and I are considering:

MSRP 37755
Trade 4000 (03 Windstar 123K miles with some minor body issues and a few things not working)

39 mos lease 12K miles per year
money factor 3.25 (seems too high???)
residual .55
zip code 17331
$642 due at signing
Payment $460/mt

Thoughts? Thanks!

rpm813

Hi Car Man,

I am looking for the money factor and residual value for a 36 month lease of an Explorer XLT and Explorer Limited. Both for 12k miles/yr.

Thanks!

CarMan@Edmunds

Hi rpm813. Ford Credit's current base lease rate and residual value for a 36-month lease of a 2012 Explorer XLT AWD with 12,000 miles per year are 2.0% and 55%, respectively.

The lease rate for a '12 Explorer Limited AWD would be the same, but its residual value would be 53%.

When negotiating your deal on this truck, make sure to take advantage of the $500 cash incentive that is currently available on leases of it through Ford Credit.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

zapman12

Hey car man,
The 24mo leases look most attractive. Whats the rate/residual
for a 2wd XLT in northern california. Is the lease rates regionally priced
on this vehicle?
Thanks for any input

CarMan@Edmunds

Hey zapman12. Ford's June lease program is only scheduled to run through today. It is supposed to introduce its new July numbers some time tomorrow. Please post a reminder for me in a day or two and I'll be happy to fill you in on what I have been able to find out about the new program. Thanks.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

jarrade

Car_Man,

I too am in the market for an Explorer this month. Have you heard what the new incentives for July are today?

Thanks!

nyccarguy

My sister & brother-in-law have decided they are going to lease a 4WD Explorer XLT for 24 months/10,500 miles per year. Can you tell me Red Carpet's current base residuals & money factors? I'm not sure yet if they are looking for a 2012 or a 2013. Are there any incentives or rebates currently available for this vehicle?

Thanks so much as always for your help! You do an amazing job here.

CarMan@Edmunds

I have seen the new lease program for the 2012 Explorer, jarrade. For a 36-month lease of this truck there is a 1.75% lease rate and a $750 cash incentive.

The residual values vary by trim level.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

Hey nyccarguy. Thanks . Ford Credit's current base lease rate and residual value for a 24-month lease of a 2012 Explorer XLT 4WD with 10,500 miles per year are 0.25% and 64%, respectively. There is a $750 cash incentive on leases of this truck right now.

The numbers for an otherwise identical lease of a 2013 model are 1.0% and 67%. There is no cash on leases of the 2013 model.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

walt201

Hey guys, looking to lease a 2012 or 13 explorer. Can u give me a roundabout figure what my monthly payment would be if I put down around 2K with 12000 miles a year on a 2 or 3 year lease? Thanks a lot.

nyccarguy

Thanks again car_man. I'm not sure what their exact monthly pmt is, but they picked up their '13 XLT 4WD with an MSRP of $42,800 & a Selling Price of $39,613. 1% money factor for 24 months. I really appreciate your help.

devilsadvct33

Hi car man,

Would appreciate if you could let me know the residuals and money factors for 2012 and 2013 Explorers for 24 and 36 month leases with 12,000 miles per year. Thanks.

CarMan@Edmunds

I'd be happy to help you out. Ford Credit's current base lease rate and residual value for a 24-month lease of a base 2013 Explorer AWD with 12,000 miles per year are 0.5% and 66%, respectively.

The numbers for an otherwise identical 36-month lease are 1.5% and 57%.

The numbers for the 2012 model are 0.25% / 63% and 1.75% / 54%.

Make sure to take advantage of the $250 cash incentive that is currently available on leases of the 2013 and $750 on the 2012 model.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

drakitin

1. Do you know if these lease rates apply to 2013 Explorer Sport?
2. What would be the lease rates for the Sport for a 10K, 36mo lease?

Thanks.

DR

devilsadvct33

Hi Car_man,

Thanks for the information. Is this the same for a Limited? The local dealer here is telling me the residual for a 24 month lease, 12K miles per year is 63%. Thanks.

devilsadvct33

Hi Car_man,

Two local dealers in the palm beach county area in South Florida are quoting around $700 per month for a 24 month lease with 12K miles per year with no cap cost reduction. MSRP is $47,690. Based on the TMV of this car tracking close to the invoice price of approx $44,000, and a 66% residual and .5% MF, I have been calculating a lease price around $572 with no money down. Has anyone else been getting a similar price, or does the $700 per month seem reasonable? Thanks.