This will be my first car lease.
I am planning to lease a 2017 Ford Expedition EL KingRanch (MSRP $64780, have negotiated it to $52884, trying to lower it more), or a 2017 Lincoln Navigator L Reserve (MSRP $68690, only made it down to $63610 so far).
I have not talk to the dealers about lease yet, since I just started looking around.
I prefer 24 months with 12000 miles/year, or 36 months with 12000 miles/year.
Based on my reading on this forum, 0 down of course. But I am willing to put MSDs to lower the rate, but not sure Ford/Lincoln has this program.
What will be a reasonable lease price range?
I am in TX, tax rate is 6.25%.
All response will be highly appreciated.
Have a wonderful holidays.
As a start, I’d configure the truck on the Ford website; their lease calculator is actually decent, as it takes into account incentives, residuals, and MF based on your zip code.
The Ford calculator assumes full MSRP and there’s no field for selling price. I’d input the dealer discount under the “down payment” field to get an idea of the payments. Bear in mind that the selling price you’ve negotiated may already include incentives, some of which may be for purchases only (not leases).
The only thing left to do is to add taxes and DMV fees to the drive-off, which the Ford calculator doesn’t account for. TX imposes sales tax on the selling price of the vehicle, rather than just the leased portion, but Ford Credit might offer credits (accrued from lease returns) to offset that tax penalty.
Great! Thank you very much.
I am going to Ford website right way.
Just playing around with the calculators on Ford and Lincoln website, looks like 36 months is better than 24.
Lincoln does include some extra perks like dealer will pick up your vehicle for service and warranty and leave you a loaner. Good luck!
Thank you very much for this suggestion.
Does the 1% rule also work for Ford/Lincoln?
Or, it simply works for all brand/models.
Thanks a lot.
1% rule is a rule to evaluate a generic lease. To get a real sense of how good a lease is, one must
a) compare with local offers available
b) have a good understanding of what factors influence a lease
c) probably review comparable lease on this forum
From what I can see, the 1% rule is a good starting point.
Awesome, Thank you very much for the instruction.
Does anyone have any idea about leasing a Navigator L, Ford Expedition EL, or GMC Yukon XL?
I could not find any evidence in this forum.
The price in Edmund is much higher than the 1% rule.
Thanks a lot.
Vehicles that already sell well don’t get much lease support from their manufacturers…
From an article: “Full-size SUV sales shot up 40% in November 2016 in the United States, a hugely successful follow-up to a ten-month stretch in which sales had grown 19%.”
in this case, it may not be a good time to lease those big SUVs…