Get a 2020 Ford Explorer with Major Discounts of Up to $5,000

Get a 2020 Ford Explorer with Major Discounts of Up to $5,000

These deals vary depending on where you are located, and many expire in December 2.

Ford unveiled its 2020 Explorer this summer. The Blue Oval has been using it as a cash cow for over three decades. With the new model reaching $65,000 in fully-optioned Platinum trim the price is definitely high. Ford offers aggressive incentives and discounts to potential Explorer buyers. We’ll talk about other reasons.

Let’s now look at these incentives. Ford Authority searched the internet and discovered many discounts that are specific to certain areas. These discounts can reduce your sticker price by up to $5,000. The deal includes a $2750 cash discount, regardless of where you live. New York City residents have the option to get $2,000 trade aid or 0.9 percent financing up to $3,000. Trade assistance in Miami and Los Angeles is $1,000. The 0.9 percent finance rate can be combined with a $2,500 discount. This is for Miami — L.A. can offer that same discount with zero percent financing for five years.

Detroit offers the largest straight-up discount. The $2,750 cash deal and $2,520 trade assistance can be combined. This totals $5250 in discounts. You can also finance at 0.9 per cent for five years and get a $4,020 price reduction. These deals only apply to XLT or Limited models. Detroit’s huge discount is only available for the Explorer XLT. The majority of these deals will expire on December 2, which means that they are only a week and half away from this posting.

Let’s now look at the other possible reason for these incentives. The bottom line is that Explorer sales are down 30 percent through 2019. According to Ford’s October Q3 statement, Explorer sales have fallen by 30 percent over 2018. The Explorer sales were down almost 50% in the third quarter 2019 compared to 2018. Ford sold more Fusion sedans than Explorers this year. We suspect that Dearborn executives are worried about these numbers, as the company is currently taking steps to eliminate all sedans from its U.S. markets