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2025 Ford Explorer Specials
2025 Ford Explorer Specials
If you're in the market for a mid-size family-friendly SUV, you should definitely consider the new 2025 Ford Explorer. It's the most popular SUV made by Ford because it gives you an appealing balance of performance, comfort and interior space. To help make the new 2025 Ford Explorer as affordable as possible, we offer a number of new vehicle specials on this best-selling SUV. Here's a look at the financing options we have available for a new Ford Explorer at Bob Lowth Ford in Arundel, ME.
What are the two basic ways to pay for a new Ford Explorer?
The Ford Explorer offers you and your family a number of unique advantages and to help make it as accessible as possible, we offer both loan and lease options for our Biddeford, ME customers. Both approaches have pros and cons so here are some details that will make this important subject easier to understand.
Some benefits of financing a new Ford Explorer with a loan
The most popular way to finance a new Ford Explorer is with a car loan. When you use this approach, the lender makes a loan so you can drive home with a new Explorer. You will then pay off the loan by making regular monthly payments until the loan is completely paid. When that happens, you not only own your Ford Explorer but you'll normally have built up thousands of dollars worth of cash value, or equity, so you can use that cash value toward the purchase of another new Ford Explorer. Or, if you still love your Explorer, once you pay off the loan, you won't have monthly payments for as long as you want.
Some cons of getting a Ford Explorer loan
As with any kind of loan, Sanford, ME buyers will be paying an interest rate as part of their monthly loan payments, based on factors like your credit score. What's more, the cost of the down payment on any loan will be higher than the down payment with a lease for the same vehicle. But over the long run, the financial benefits of getting a Ford Explorer loan are much greater than the disadvantages which is why financing with a loan is the most popular approach.
How does a Ford Explorer lease work?
Leasing is just like renting a Ford Explorer but as a Kennebunk, ME lessee you'll be committed for a much longer period of time than a car rental, and that's most often 36 months. Instead of paying off a Ford Explorer loan, you'll pay only for the amount of depreciation that's expected to occur during the period of your loan contract, so you won't build up any cash value. Wells, ME lessees will typically make a down payment on a leased Ford Explorer. Leasing can be complex so here's a brief explanation of "capitalized cost" and "residual value."
A brief explanation of capitalized cost and residual value
Capitalized cost is the total price a Portland, ME lessee will pay to lease a Ford Explorer. If you get a lower cap cost it will mean lower monthly payments and you can request cap cost reductions. The residual value is the projected value of an Explorer at the end of the lease contract. The leasing agent will utilize the residual value to determine the dollar amount of the monthly payments you'll make over the life of your lease contract.
Performance and interior highlights in a Ford Explorer
One reason the Ford Explorer is so popular is because it gives you more engine options than competitors. For example, the Explorer comes with a standard 2.3-liter EcoBoost® inline four-cylinder engine that generates 300 horsepower and 310 pound-feet of torque. York, ME buyers can move up to a 3.0-liter EcoBoost® V6 that produces 400 horsepower and 415 pound-feet of torque. Interior technology can include a 12.3-inch LCD digital cluster and a power driver's seat.
Get a Ford Explorer loan or lease from our dealership
We invite Bemidji and Park Rapids buyers to visit with one of the specialists in our finance center who can help you decide whether to get a loan or a lease, and then help you get the best available financing package. Find out more about the new Ford Explorer at Bob Lowth Ford in Arundel, ME.