I know Explorer’s don’t lease well at all unless you get an XLT or lower trim model. I thought this was a decent deal though. Dealer did a buyback on a leased 2018 Explorer Sport which I had for only 2 years. I received a bit over $3,500 equity on it, very happy about it since I was upside down badly on a previous vehicle so essentially I was paying a bit more than I am paying for the Platinum now.
Explorer Sport was a 3 year lease, still needed a year left on the lease. Previous car was upside down by 4k. Explorer Sport end lease date was in May 2022.
The equity paid off the gov’t fees, dealer fees, paperwork, upfront taxes, etc. The leftover was put as a “down payment”.
Did a $0 DAS other than the buyback equity. Explorer Platinum is fully loaded with the 21" wheels, tech package, moon roof and 2nd row bench seat.
Was thinking of the Palisade and Telluride but the Palisade was only offered in captains chairs with the higher trims and the Telluride, I had to custom ordered the black edition and who knows how long that would’ve taken due to the chip shortage. The power was also severely lacking in both models. They were also given me $500 equity for the Sport
Paid 6% under MSRP + $3,750 incentives and received $3,528 equity for 3 year vehicle which other dealers weren’t budging.
Great deal? No, but for the type of car it is, it’s not bad. Fact that I got it under MSRP and received equity on another Explorer is what made this a good deal IMO as other brands were not given me that equity. Good luck getting anywhere like that anywhere else in SoCal 
2020 Ford Explorer Platinum
MSRP: $61,580
Selling Price: $57,767
Monthly Payment: $607+ tax
Drive-Off Amount: $3,500 from equity
Months:36
Annual Mileage: 7,500
MF: .00044
Residual: 53%
Incentives: $3,750
Leasehackr Score: 7.8
Leasehackr Calculator Link:
