Deal check - 2020 Ford Explorer XLT - $43k MSRP, $450/mo, $0DAS

Ask the Hackrs
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1

2020 Ford Explorer XLT, $43k MSRP

Selling price: $39.5k
36mo/10.5k miles
$0 due at signing, $450/month including taxes and fees

Residual at 55%
APR is where I get confused - .80? Edmunds said it should be .05, but plugging numbers into the lease calculator, I still can’t get it down to $450/month with $0 upfront.

$3500 rebate

Did I cover everything? What do you think?

Thank you!

2

Ford uses APR while the LH calculator and pretty much every other lease calculator uses MF as its input.

APR / 2400 = MF

Can’t tell how much of your payment is taxes and govt fees and how much you’re actually paying Ford.