Ford Explorer Lease DealsXLT · Timberline · ST-Line · ST Sport · Platinum
The Explorer is the best-towing 3-row SUV (5,600 lbs) and the only mainstream one with a genuine performance variant. XLT starts at $329/month. The ST Sport's 400hp twin-turbo V6 makes it the fastest 3-row family SUV under $600/month.
Current Ford Explorer Lease Offers
2026 Ford Explorer Active
Total
$16,042
Down
$4,198
Advertised
$329/mo
MSRP $40,660 · 36 mo
Negotiate to ~$250/mo · 7% off MSRP
🔥 Hot Deal
2026 Ford Explorer
Total
$16,405
Down
$3,985
Advertised
$345/mo
MSRP $40,260 · 36 mo
Negotiate to ~$267/mo · 7% off MSRP
✓ Good Deal2026 Ford Explorer Active 4WD
Total
$12,564
Down
—
Advertised
$349/mo
36 mo
✓ Good Deal2026 Ford Explorer Active 4WD
Total
$17,144
Down
$3,500
Advertised
$379/mo
MSRP $32,950 · 36 mo
Negotiate to ~$315/mo · 7% off MSRP
✓ Good DealFord Explorer Active
Total
$18,192
Down
—
Advertised
$379/mo
48 mo
✓ Good DealFord Explorer Active
Total
$18,192
Down
—
Advertised
$379/mo
48 mo
✓ Good Deal2026 Ford Explorer
Total
$19,047
Down
$4,971
Advertised
$391/mo
MSRP $50,215 · 36 mo
Negotiate to ~$293/mo · 7% off MSRP
✓ Good Deal2026 Ford Explorer Active 4WD
Total
$17,405
Down
$2,000
Advertised
$395/mo
MSRP $34,835 · 39 mo
Negotiate to ~$332/mo · 7% off MSRP
✓ Good DealFord Explorer Active
Total
$19,152
Down
—
Advertised
$399/mo
48 mo
✓ Good DealFord Explorer Active
Total
$19,152
Down
—
Advertised
$399/mo
48 mo
✓ Good Deal2026 Ford Explorer Active AWD
Total
$19,422
Down
$3,438
Advertised
$444/mo
36 mo
Fair Deal2026 Ford Explorer
Total
$21,597
Down
$5,613
Advertised
$444/mo
MSRP $56,700 · 36 mo
Negotiate to ~$334/mo · 7% off MSRP
Fair Deal2026 Ford Explorer
Total
$23,179
Down
$6,223
Advertised
$471/mo
MSRP $62,865 · 36 mo
Negotiate to ~$349/mo · 7% off MSRP
2026 Ford Explorer
Total
$22,910
Down
$5,954
Advertised
$471/mo
MSRP $60,145 · 36 mo
Negotiate to ~$354/mo · 7% off MSRP
2026 Ford Explorer Active 4WD
Total
$24,264
Down
$4,500
Advertised
$549/mo
MSRP $59,915 · 36 mo
Negotiate to ~$432/mo · 7% off MSRP
Ford Explorer Lease FAQ
What's a good Ford Explorer lease payment?
Under $450/month for the XLT is competitive. The Explorer ST Sport at $549–$599 is the standout value in the segment for buyers who want a performance SUV — it includes a 400hp 3.0L twin-turbo, sport suspension, and Brembo brakes for less per month than a BMW X5 xDrive40i. The Limited and Platinum trims hit $499–$599 and approach Buick Enclave territory on interior refinement.
Ford Explorer vs Honda Pilot — which leases better?
The Pilot typically has better Honda Financial residuals and lower money factors, giving it a slight monthly advantage for comparable trims. The Explorer wins on towing (5,600 lbs vs 3,500 for the Pilot), powertrain options (3.0T performance ST), and the available Platinum interior. For families that tow, the Explorer's towing advantage is decisive. For pure lease economics on a standard family hauler, the Pilot often comes in lower.
Is the Explorer ST worth the extra payment?
Yes, for buyers who want performance in a 3-row SUV. The ST's 400hp 3.0L twin-turbo is genuinely quick — 0–60 in 5.5 seconds with the family inside. The sport suspension and Brembo brakes are noticeable in daily driving, not just on track. At ~$549/month, you're getting a $56,000 MSRP sport SUV for a payment lower than many standard luxury alternatives.
Can the Ford Explorer tow?
Yes — the Explorer is best-in-class for 3-row SUVs at 5,600 lbs towing capacity with the 2.3L or 3.0T. Competitors like the Honda Pilot (3,500 lbs), Kia Telluride (5,000 lbs), and Toyota Highlander (5,000 lbs) all fall short. If towing a boat, camper, or horses is part of your use case, the Explorer is the only mainstream 3-row that handles it comfortably.