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Ford Explorer Lease Questions

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Comments

  • sahil908sahil908 Member Posts: 60

    Hi, Can someone please provide MF and residual on the Explorer XLT with 201A package only? I am trying to weigh leather vs cloth.

    Also, am i correct in assuming money factor of 0.75%, and a residual of 56% for 36mo, 12K/yr lease for XLT with 202A package? Thanks!

  • sahil908sahil908 Member Posts: 60

    kyfdx, Like always, appreciate your help. Can you please respond t my earlier post when you get a chance! Thanks in advance!

  • pstallinpstallin Member Posts: 4

    Can anyone please help with current MF and Residual for a 2014 Ford Explorer with 302A package? 12K miles per year.

  • pstallinpstallin Member Posts: 4

    Never mind folks. Changed my mind on this one. Going with the Buick Enclave instead. Good luck to everyone in their future purchases.

  • mook12mook12 Member Posts: 61

    Can anyone tell me if this a good deal. I'm looking at a xlt 14 with a lot of options. Msrp $41800 I got $2750 in rebates just first payment out of pocket and $487 a month 36 months 10500miles. I wish it had the captains seats but only in a limited model and they told me I would be in mid to high 500$ I still have time so if anyone can share their thoughts I really appreciate it thanks.

  • kyfdxkyfdx Moderator Posts: 235,111

    @pstallin said:
    I am looking to lease a 2014 Ford Explorer Limited here in California. I want the car fully loaded and MSRP is around $45650. I have contacted one dealer in the area and he gave me quotes of money factor = 0.5 and Residual of 51% on 36 month lease with 12K per year mileage. There is currently a $1750 rebate for leases on this car.

    This seems like a horrible deal! I;ve been reading consistently on this forum of MF's of .75, and residuals in the 55-60% range.

    Any advice why my quotes are so bad?

    The MF is 0.50%, not 0.5. Ford Credit expresses their money factors in APRs, and that one is cheap. If that is the FWD model, then the 51% residual is correct.

    kyfdx

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  • kyfdxkyfdx Moderator Posts: 235,111

    @sahil908 said:
    Hi, Can someone please provide MF and residual on the Explorer XLT with 201A package only? I am trying to weigh leather vs cloth.

    Also, am i correct in assuming money factor of 0.75%, and a residual of 56% for 36mo, 12K/yr lease for XLT with 202A package? Thanks!

    2014 Explorer XLT 4WD 36mo, 12K/yr lease

    0.50% MF and 54% residual

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  • edamonedamon Member Posts: 22

    Hi, before I call the dealership (and then have a stalker calling me every other day, lol), as there is another vehicle I'm considering, all a matter of which one is going to lease better.

    So does anyone know what the current residual and money factor is for a Ford Explorer Sport currently (Jan 2014)? Have a 2011 edge limited about to come off lease in March, but they'll eat the last few payments - especially since the car only has 14,500 miles on it (they want it for the lot).

    So looking for the residual/money factor on a 2014 Explorer Sport on a 36 mo/10,500 mile/yr lease. The 10,500 should give it a +2 residual bump from the 15K you see quoted often.

    Can be either from Ford Motor Credit (have a corporate account) and/or US Bank which is often more competitive.

    Thanks in advanced, I appreciate it.

    -d

  • edamonedamon Member Posts: 22

    @kyfdx@Edmunds said:
    0.50% MF and 54% residual

    When you say .50% -- Ford tends to use interest rates vs. traditional money factors (interchangeable of course). So I'm assuming that's .5% interest rate (very, very health) or 00028 MF.

    (easier for me to calculate a lease w/traditional money factors).

    Do you know if that's residual you listed for XLT is the same for the 2014 Explorer Sport? the 54% residual noted? (which would be 57% on a 10.5K mile lease, not bad, not great either).

    thanks,
    d

  • kyfdxkyfdx Moderator Posts: 235,111

    The residual for the Sport model, for 36mo, 10.5K/yr lease is 56%

    And, yes... the 0.5% is 1/2 percent... so, divide by 24 and use the resulting money factor. Your calculation won't be exact, but will be within a dollar or two... (around .00021)

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  • jbrabhamjbrabham Member Posts: 13

    kyfdx, can you please give me the current MF and residual for an explorer sport 10.5k miles 36 months? thx

  • kyfdxkyfdx Moderator Posts: 235,111

    @jbrabham said:
    kyfdx, can you please give me the current MF and residual for an explorer sport 10.5k miles 36 months? thx

    0.50% MF and 56% residual.

    $1750 lease cash and $500 loyalty cash for current lessees.

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  • slreyesslreyes Member Posts: 1

    I was offered a lease for 36/12,000 $403 monthly with $1500 down for a Explorer XLT MSRP 36,695 can I do better?

  • kevnloftkevnloft Member Posts: 4

    Hi kyfdx! Can you please provide me with the current MF and Residual on a 2014 Explorer Limited, All Wheel Drive, 15k miles and 36 month? Thanks!

  • kyfdxkyfdx Moderator Posts: 235,111

    @kevnloft said:
    Hi kyfdx! Can you please provide me with the current MF and Residual on a 2014 Explorer Limited, All Wheel Drive, 15k miles and 36 month? Thanks!

    0.50% MF and 50% residual. $1750 lease cash.

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  • jbrabhamjbrabham Member Posts: 13

    Thanks for your help kyfdx.

    for others, I leased a 14 sport w/ 401A for 430/month pre tax. I got $1750 lease incentive, $1000 competitive lease win, $750 Ford coupon (got by email) and true car discount.

  • kyfdxkyfdx Moderator Posts: 235,111

    Congrats on the new Explorer!

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  • Sopierce1Sopierce1 Member Posts: 25
    Can anyone provide the mf and residual for a 2014 explorer limited for 12k a year and 36 months? Thanks for any help!
  • kyfdxkyfdx Moderator Posts: 235,111

    @Sopierce1 said:
    Can anyone provide the mf and residual for a 2014 explorer limited for 12k a year and 36 months? Thanks for any help!

    0.50% MF and 52% residual. $1750 lease cash. Subtract 1% for 2WD.

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  • scott280scott280 Member Posts: 13

    I just negotiated the following on a 2014 Explorer XLT - 202A Package, Dual Panel Moonroof, all-weather mats, and rear bumper protector. MSRP - $40,185 - Selling Price $38,922. $2,750 in rebates - 3 years @ 16,500 miles per year - No money down , first month and registration fees at pickup - .5% money factor, 51% residual - $489.41 per month (includes 7% sales tax). Is this good???

  • sho220zsho220z Member Posts: 11

    Hi folks
    Looking for MF and Residual for a 2014 Explorer Sport. 36 mo, 15K per year.

    Also, can you advise what rebates (and lease cash) are available?

  • kyfdxkyfdx Moderator Posts: 235,111

    @sho220z said:
    Hi folks
    Looking for MF and Residual for a 2014 Explorer Sport. 36 mo, 15K per year.

    Also, can you advise what rebates (and lease cash) are available?

    0.50% MF and 53% residual. $1750 lease cash

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  • tchaitchai Member Posts: 2

    Can you please share what dealership u went to or a zip code ??

    @jbrabham said:
    Thanks for your help kyfdx.

    for others, I leased a 14 sport w/ 401A for 430/month pre tax. I got $1750 lease incentive, $1000 competitive lease win, $750 Ford coupon (got by email) and true car discount.

  • edgy99edgy99 Member Posts: 53

    Hi all. Just starting my research -- why is the money factor so much higher for Ford? Thanks in advance.

  • kyfdxkyfdx Moderator Posts: 235,111

    @edgy99 said:
    Hi all. Just starting my research -- why is the money factor so much higher for Ford? Thanks in advance.

    Ford uses percentages, rather than true money factors... 0.50% is equivalent to .00021. That's very low..

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  • alansufialansufi Member Posts: 18

    Hi!,

    What are the figures for an XLT Awd, 36m/12k lease in the Boston, MA area?

  • kyfdxkyfdx Moderator Posts: 235,111

    @alansufi said:
    Hi!,

    What are the figures for an XLT Awd, 36m/12k lease in the Boston, MA area?

    0.50% MF and 54% residual. $1750 lease cash

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  • lavaclavac Member Posts: 6

    Hi, what are the figures for a 2014 Ford Explorer Limited 4WD 36m/12k lease.

  • kyfdxkyfdx Moderator Posts: 235,111

    @lavac said:
    Hi, what are the figures for a 2014 Ford Explorer Limited 4WD 36m/12k lease.

    0.50% MF and 52% residual. $1750 lease cash

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  • lavaclavac Member Posts: 6

    Thank you for your help.

  • jagrcojagrco Member Posts: 16

    HI.What is the residual and MF for the 2014 Explorer sport. 36 mont lease 12k per year. Additionally, I know that the sales tax is added in at the end but is the excise tax in MA added in as well. I was just quoted but I was surprised when the dealer said that the excise tax is also included in the lease payment along with the sales tax.

  • MichaellMichaell Moderator Posts: 240,001

    @jagrco said:
    HI.What is the residual and MF for the 2014 Explorer sport. 36 mont lease 12k per year. Additionally, I know that the sales tax is added in at the end but is the excise tax in MA added in as well. I was just quoted but I was surprised when the dealer said that the excise tax is also included in the lease payment along with the sales tax.

    36 month MF is .50% , residual is 55% and there is $1750 of lease cash available

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  • bigblockc3bigblockc3 Member Posts: 141

    Hello and thank you for providing an invaluable service! Edmunds is the #1 consumer authority in this segment (Thank you)! I am NOT at all familiar with Ford Leasing. Can you please advise of calculation to convert a Ford Lease percentage rate to the actual Money Factor? We're looking at a Ford Explorer Sport, LTD & XLT with AWD/4WD. Looking for a 10,500 mile allowance or less for 36 months. Can you please provide MFs, Residuals, available lease cash and rebates? *Are they the same for each trim level? Additionally, are you able to provide actual Hold Back percentage? Best Regards, George & Christine

  • jagrcojagrco Member Posts: 16

    Hi, I had asked earlier about the MF and residual for a 2014 explorer sport 3yr 36k miles. What is the MF and residual for 3yr 15k per year.
    additionally it appears that there are a few incentives as well.
    when figuring out the cap cost, are those incentives deducted after the negotiated purchase price? Thanks

  • kyfdxkyfdx Moderator Posts: 235,111

    @bigblockc3 said:
    Hello and thank you for providing an invaluable service! Edmunds is the #1 consumer authority in this segment (Thank you)! I am NOT at all familiar with Ford Leasing. Can you please advise of calculation to convert a Ford Lease percentage rate to the actual Money Factor? We're looking at a Ford Explorer Sport, LTD & XLT with AWD/4WD. Looking for a 10,500 mile allowance or less for 36 months. Can you please provide MFs, Residuals, available lease cash and rebates? *Are they the same for each trim level? Additionally, are you able to provide actual Hold Back percentage? Best Regards, George & Christine

    0.50% MF and residuals of 55%/52%/54%, respectively. $2250 lease cash

    To convert to a money factor, divide 0.50 by 2400

    You can find holdback percentages under the Car Research tab, above.

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  • kyfdxkyfdx Moderator Posts: 235,111

    @jagrco said:
    Hi, I had asked earlier about the MF and residual for a 2014 explorer sport 3yr 36k miles. What is the MF and residual for 3yr 15k per year.
    additionally it appears that there are a few incentives as well.
    when figuring out the cap cost, are those incentives deducted after the negotiated purchase price? Thanks

    0.50% MF and 52% residual. $2250 lease cash.

    You and the dealer have to make clear whether you are including incentives in your negotiations.

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  • jagrcojagrco Member Posts: 16

    Thanks. Is the lease cash for any mileage?? 10k,12k,15k??

  • MichaellMichaell Moderator Posts: 240,001

    @jagrco said:
    Thanks. Is the lease cash for any mileage?? 10k,12k,15k??

    Yes

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  • bigblockc3bigblockc3 Member Posts: 141

    Thanks Michael... The Holdback quotes may not be accurate? For instance, I just leased a Mercedes Benz E-350. Bare-bones deal... Three (3) dealers were competing for the deal. Each quoted 5% holdback NOT 1% as disclosed at the tab... Just an FYI... Thanks! George

  • amgrouchy1amgrouchy1 Member Posts: 17

    I'm in LA and about to get a new explorer sport. lease on my limited is up. what is the residual and mf for a 3 year 10k mile per year lease? also what other incentives should i look for considering i am a current ford finance customer with excellent credit and payment history?

  • kyfdxkyfdx Moderator Posts: 235,111

    @amgrouchy1 said:
    I'm in LA and about to get a new explorer sport. lease on my limited is up. what is the residual and mf for a 3 year 10k mile per year lease? also what other incentives should i look for considering i am a current ford finance customer with excellent credit and payment history?

    0.50% MF and 55% residual. $2250 lease cash.

    There may be other incentives for returning customers, but I don't have that information.

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  • certpharmt15certpharmt15 Member Posts: 40
    Looking for MF and residual for 2014 Limited for 24 months and 19,500 miles per year.
  • kyfdxkyfdx Moderator Posts: 235,111

    @certpharmt15 said:
    Looking for MF and residual for 2014 Limited for 24 months and 19,500 miles per year.

    4X4? 0.25% MF and 56% residual. $2250 lease cash

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  • irap2irap2 Member Posts: 1

    Hello. I am looking at a 2014 Explorer XLT AWD. Lease terms are 36 month / 15k per year. Can you please tell me the residual & MF? The dealer I am working with is quoting 50% (in NJ) but other dealers (in NY) have quoted 51%. Trying to figure out what's going on. Do residuals vary by the state that the dealer is in? Can dealers change the residual %?

    THANKS!!

  • certpharmt15certpharmt15 Member Posts: 40
    edited April 2014
    @kyfdx@Edmunds‌

    Fwd not Awd
  • MichaellMichaell Moderator Posts: 240,001

    @irap2 said:
    Hello. I am looking at a 2014 Explorer XLT AWD. Lease terms are 36 month / 15k per year. Can you please tell me the residual & MF? The dealer I am working with is quoting 50% (in NJ) but other dealers (in NY) have quoted 51%. Trying to figure out what's going on. Do residuals vary by the state that the dealer is in? Can dealers change the residual %?

    THANKS!!

    We show 51% residual from Ford Credit and .5% money factor.

    Your dealer may be offering a lease from a different finance company, hence the different residual. Residual values do not differ by state.

    Dealers cannot modify the residual.

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  • kyfdxkyfdx Moderator Posts: 235,111

    @certpharmt15 said:
    Looking for MF and residual for 2014 Limited for 24 months and 19,500 miles per year.

    @certpharmt15 said:
    kyfdx@Edmunds‌

    Fwd not Awd

    Subtract 1% from residual for FWD

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  • scott280scott280 Member Posts: 13

    What is the residual for an XLT 4WD - 36 months - 16,500 per year?

  • kyfdxkyfdx Moderator Posts: 235,111

    @scott280 said:
    What is the residual for an XLT 4WD - 36 months - 16,500 per year?

    50%

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  • thebrub311thebrub311 Member Posts: 1

    Denver, CO. 2014 4X4 Explorer LTD Lease - 12,000 miles / Year - 36 months - $47,084 (Tax / Tags Included) - Quoted $552.90 / Month, with $4,000 down. Residual value @ $24,092. Is this a good deal? What is the money factor for April for +730 credit.

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