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2025 Ford Explorer Leases Aren’t Attractive Right Now

Leasing a new vehicle can be a great option for customers who want to avoid astronomical monthly payments. However, some vehicles just aren’t ideal for leasing, and the 2025 Ford Explorer is shaping up to be one of them. Leasing the crossover just isn’t an attractive option right now, thanks to high monthly payments and a lack of financing deals.

According to CarsDirect, lease deals for the 2025 Ford Explorer are massively overpriced, making the crossover effectively unaffordable for many customers in the market right now. The publication analyzed a handful of lease deals and determined that on average, the Explorer costs over $700 a month, far more expensive than several of its close competitors.

Currently, the 2025 Ford Explorer is listed at approximately $588 a month for 36 months with a $4,788 payment due on signing. That lease deal is based on a $41,350 MSRP, including destination freight charges, and 10,500 miles a year. All said and done, accounting for taxes and fees, that equates to roughly $721 a month, which is almost $100 more than The Blue Oval asked for the 2024 Explorer.

Now, rates have changed slightly since CarsDirect published its study. Currently, the base Explorer Active asks $604 over 48 months, compared to the base 2024 Explorer XLT, which is priced at $461 per month over 48 months. That’s still quite a bit compared to its competitors. For reference, the 2024 Hyundai Palisade SEL goes for $379 with a $3,999 payment up front, roughly $490 monthly – quite a bit less than the 2025 Ford Explorer.

To be fair to The Blue Oval, the 2025 Ford Explorer does boast upgrades and styling changes compared to its pre-refresh predecessor. Debuting in February this year, the 2025 Explorer sports a new set of LED headlights and a revamped front end; out back, it gets a new set of taillights, while a sporty black-painted roof is offered on higher-tiered trims.

The cockpit, meanwhile, boasts new soft-touch surfaces, ActiveX seating surfaces, and a redesigned dashboard that offers more legroom than the prior models. BlueCruise, the automaker’s semi-autonomous driver assist feature, is standard on higher-end trims, and it’s the first Ford-branded vehicle to get the new Ford Digital Experience software, which was developed in conjunction with Google. It runs on a larger 13.2-inch infotainment screen, which is coupled with a 12.3-inch digital instrument cluster.

However, all that tech obviously comes at a premium. In fact, the Ford Explorer ST trim is almost $2,000 more expensive than the prior model year in some cases.

We’ll have more on the 2025 Ford Explorer soon, so be sure and subscribe to Ford Authority for the latest Ford Explorer news and comprehensive Ford news updates.

Alexandra is a Colorado-based journalist with a passion for all things involving horsepower, be it automotive or equestrian.

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