Ford Explorer Lease Deals
The Explorer's value comes from heavy Ford rebates; residuals are average for the class.
Updated 2026-06-16 · Reviewed monthly
Est. monthly
$419
36 mo · 12k mi/yr
Due at signing
$3,999
Starting MSRP
$38,455
Residual / MF
50% / 4.08%
Why the Ford Explorer leases the way it does
The monthly payment on a lease is driven by three things: the negotiated capitalized cost, the residual value at lease end, and the money factor (interest rate). On the Explorer, a typical 36-month deal amortizes about $19,227 of depreciation across 36 payments, plus a finance charge based on a money factor of roughly 0.00170 (~4.08% APR equivalent).
Lease highlights
- XLT and Limited are typical lease trims
- ST trim rarely has aggressive offers
Estimated monthly payment math
- Capitalized cost: ~$38,455 (MSRP, before negotiation)
- Residual (50%): $19,228
- Depreciation over term: $19,227
- Money factor: 0.00170 (~4.08% APR)
- Term: 36 months · 12,000 miles/year
Use our lease calculator to model your specific scenario, and check the payment math guide for a full walkthrough.