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I was just offered this from a local Louisville, KY dealer:
2008 Explorer Eddie Bauer V6 4WD
3rd row seat
moon roof
MSRP: $34335
Invoice: $32629
X-plan: $32574.43
Rebates: ($4250)
Cap Cost: $28324
36 months @ 10,500 miles/year
43% residual
2.7% money factor
$451/month includes KY property tax ($26/mo)
Will someone please tell me if this good enough? Should we take them up on it?
THANKS!!!!
In Sunday's newspaper, I saw an ad for a 2008 V6 XLT, Keyless Entry, Pwr. Wind/Locks. Was $26,915, Now $15,995. Zero Down, 24 Mo. Lease, 10,500 mi/year, No Plan Needed, Save $10,920 Off MSRP, a $500 Gas Card, $0 Security, for $229/month. I decided this sounded way too good to be true. We've all seen the ridiculously low lease ads only to read in the small print the thousands down required...
So, I contacted them and to my amazement, they stood behind their advertisement and offered me one of the vehicles. I asked if the same "deal" applied to higher end models and they indicated the would use the same discounting process.
I asked about Ford's money factors and residuals for a 2008 Ford Explorer Eddie Bauer 4X4. Ford's money factor was 0.25% (no, that is not a misprint) for 24 month leases, and 2.5% for 36 month leases. Residuals for 24 month leases were 51% for 10,500 mi/yr; 50% for 12,000 mi/yr; and 48% for 15,000 mi/yr. Residuals for 36 month leases were 44% for 10,500 mi/yr; 43% for 12,000 mi/yr; and 41% for 15,000 mi/yr.
Now in addition to these great lease rates, Ford is offering rebates of $5,750 for leases on Explorers.
This particular dealer was looking to rid itself of the 2008 inventory, so they honored their "No Plan Needed" and offered me A-Plan pricing -- roughly 4% under invoice.
Combining everything together, I just leased a 2008 Ford Explorer Eddie Bauer 4X4 V6 that listed for $33,365; purchase price of $30,080; rebates of $5,750; for 24 months; 10,500 miles for $310 + tax with no money down. I even got the $500 gas card.
The only thing I did not qualify for was the Ford renewal rebate of $2500 since I did not already lease a Ford vehicle. I'm still in shock I just leased my first vehicle for less than I had been quoted on a Ford Fusion.
Finally, the dealer indicated Ford Credit would be lowering its residual values tomorrow as they are reviewed quarterly, but had been extended through today. I do not know how long the 0.25% lease rate will be in effect, and the rebates allegedly end today also.
Thanks again car_man! I think you helped me get a great deal.
This is a tale of me having my way with a dealership.
I have (had) a 1998 Chevy Blazer. Replaced 3 water pumps, one alternator, one radiator, one fuel pump, 4 shocks and a butt-load of tires.
The Blazer also had the following issues:
-121,000 Miles
-Needed a tune-up
-Front alignment (Car shakes from 60-70mph)
-Needed 2 new front tires
-Needed Front breaks
-Heat and air did not work
-Had electrical issues - incessant clicking (from what sounded like the turn signal)
-The fuel gage never read true and would click to E at anytime.
-Transmission just recently started acting funny.
-Had an oil leak, radiator leak, and a leak from the back hatch window.
-Passengers door wouldn't open with keyless entry
-And the inside would smell like exhaust or gas from time to time.
-Last but not least: The interior sucked... (2 kids and me not being anal about the inside)
-Exterior: Lots of small dents and scratches. (Ala kids)
Pro's: The 4wdr worked, and the engine was strong.
I was going to have to pay at least $650.00 to 1.5k$ to get the car back into shape
I wasn't looking forward to winter with at very least no heat.
I explained the situation to the wife. Then said We should look for something newer
and less miles and trade the Blazer in.
I started looking on the Internet and I found an explorer in an adjacent city, with 80k miles and 2001. I called to see if they still had it. (9 times out of 10 they don't but... they surely have something else they can get you into... blah blah)
In this case they had it. I told them I'd be down at about 5pm. I waited until dark to go. I wanted to camouflage my car a bit more.
They wanted $4,995 for the Explorer XLT. I hopped on Edmunds.com and checked the price. It was listed at $5,250. While my Blazer was listed at $1,200.
I had read the buying guides on this site and I tested them a few times on other perspective cars. I've never felt so vulnerable as when in a 'car buying' situation.
My wife's job on this mark was to be disapproving and agitated.
We test drove it. It seemed solid. With one exception, a rhythmic 'whirring' sound. Could have been from the 4wdr gear box or a bearing issue... OR Completely normal to the car. (Time will tell)
I came in and let him know I wanted to chat about the vehicle. After some time he got back to us... :mad: We remained active, getting up and wandering around when he left, etc...
We started talking money. I told him of the sound I'd heard and expressed it could be a future issue. He didn't argue with me. I asked if he'd mind if I had my mechanic look at it, etc... Then we got down to the trade-in part. He asked me what I had and I gave him the keys and he wandered out to see. We did not follow. Here is the critical portion. This was in a smaller city and he had no other staff on-hand as it was late (For them, they closed at 8pm) He came back in, made a call, chatted with the other end then came over and wrote down what he was willing to offer. The offer was $2,000. Knowing what I knew about the blazer and it's worth, I nearly swallowed my teeth. I hymned and hawed about the $2,000, but ultimately let it go as I was not going to let that be a deal breaker in any situation but I didn't want to appear too eager to jump at the offer.
I then haggled him down on the $4,995. I finally got him down to $4,150. With all told, I only owed him $2450.67, which I was more than happy to pay.
A was a bit chagrined to take the title for the blazer and cash for the Exploder back to him the next day, but hey... deals a deal. They did make a jab at me for the beat up license plates from the Blazer - alluding to the condition of the car, but never came right out saying it. However in my defense, I did disclose everything he had asked for initially.
I took the Exp out on a 370 round trip exercise. Performed wonderfully and I got 23mpg. Win win. I left there giggling to my wife. She just shook her head. She however was just as glad to be out of the Blazer.
While I could afford a better car, I wanted to have this for a work car. Money concerns are huge on 95% of American's these days, and I believe that this site helped me walk out of there having saved $1k at very least. This was an awesome experience. However, I don't think I could make as one sided a victory as this again. :P :P
I know they are asking 36k+ and there is 1000 rebate plus 0% for 60 months (which I need) but what do you think is a good price for this truck?
I was thinking 30k OTD since I will have to pay to add the DVD and remote start. Thinking that will cost me about $2k
I am coming the end of a lease on a 2007 Explorer LTD. The only extras are a reverse sensing system, a V8, and upgraded rims. The sticker on the car when I leased it was $37,800, and after rebates, the sale price was $32,800. I am looking into either buying out my lease or buying a new 2010 Explorer LTD, but the lowest sticker price that I can find for a vehicle comparibly equipped is $42,500. I asked the dealer to explain to me why a car in the same body style with the same specs has gone up in sticker price by $5K 3 years later, and they have no logical explanation except to say that Ford sets the pricing, not them. Does this seem to make sense to you? I am in a suburb of Philadelphia, and C&C Ford is the dealer.
Thanks for any input,
apowerz
I read most of the comments on here and people seem pretty satisfied with it as far as the performance. I will probably keep the car for another 3 yrs if i buy it now. If some of you guys have traded the car in how easy/hard was it?
Any answers you can provide is greatly appreciated!!!
Thanks for your consideration,
Jeannine Fallon
Corporate Communications
Edmunds Inc.
MODERATOR /ADMINISTRATOR
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The only area of concern I have is I noticed some surface rust in the engine compartment on the metal above the radiator. The bolts that hold the hood latch are rusted as well. I also noticed some surface corrosion on some of the exposed steel parts in the engine compartment. Underneath, the truck looked pretty good and I didn't see any rust on the exterior.
Is this a deal-breaker? Do you think this was simply because the truck spent a lot of time near the ocean? What advice would you give me?
Thanks,
Kelly
Ford Explorer Limited 301a with power fold seats and 20" wheels sticker 40, 590 invoice + 400 brought it down $1942 and then down the rebate $1000 and the coupon $750. (I got 3 brochures and all 3 had the coupon) you have to get it the brochure online, not at the dealers for the coupon. So we saved $3692 in total on this vehicle. So how do you think we did?
Also, the XLT adds much more than just the 18" alloy wheels and the silver rack. Added is the alarm, upgraded interior, SYNC, Sirius radio, auto headlamps, fog lamps, heated mirrors, reverse sensing system and the keypad.
MSRP $50,310
Demo Discount - $6739.00
Factory Rebate - $1500
Price - $42, 071 (plus title, tax, fees)
Has about 6800 miles. All the options including DVD.
Thinking about taking the bait and running with it.
What do you all think?
MSRP - 48, 510
Sale Price - 44, 917
1500 Consumer Cash, 500 College Bonus
Total Price out the Door - 45,515
Had 1.99% for 60 mos financing pre-arranged but dealer found 1.87% through its contacts.
So far I am overjoyed but only purchased last night! lol Only thing it doesn't have is DVD or Rear Bucket Seats.
I plan on looking for financing through my credit union but am not opposed to doing it through the dealership for a better rate. I plan to put anywhere from $4-10k down.
I found a vehicle I wouldn't mind purchasing: http://www.landersford.com/detail-2012-ford-explorer-xlt-used-9163630.html
If they could knock some more off that price but honestly, negotiating isn't my strong point.
Any advice, tips, etc.?
Go to Ford.com and ask for a brochure for the Explorer. They will send you a coupon for $500-750 off. Add in the $1500-2000 rebate they usually offer and combine it with an invoice price offer and you'll be pretty well.
Is that coupon and rebate good for new vehicles only? Do I have to request the brochure be mailed or can I download it?
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Can someone please help? or direct me to a website/phone number where I can ask?
The Ford Website also states to verify with dealer...
My question; is there room to bargain this lower or it is a good deal?
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http://www.explorerforum.com/forums/showthread.php?t=327803
http://www.edmunds.com/ford/explorer/2013/consumer-reviews/two-weeks-old-and-alr- eady.html?style=101420024&sub=&reviewId=1711008258
Thanks for the input and enjoy your Explorer
2014 Explorer Limited; 302A package; platinum white tri-coat paint; 2nd row bucket seats; dual panel moonroof; adapt cruise control/collision warning; tow package; polished aluminum wheels. MRSP 50815. OTD 46300 + tax. Could have haggled for a bit more (maybe 1k less) but they gave me a good trade price so made up for it there. 1.7% financing @ 60months. Hope this helps someone. Now let's hope I'm happy with the vehicle...never owned a FORD.
My wife was a Ford girl for many years; I found them to be good dependable cars.
Of course, my last one was an '03 Focus, so I'm sure they've been improved on over the years.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
MSRP $51K, paid ~$46K after rebates, discounts