Last post on Dec 08, 2013 at 9:18 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Ford Edge, Car Leasing, Car Buying, SUV
#1 of 792 Ford Edge: Lease Questions
by kyfdx@Edmunds HOST
Jan 02, 2007 (6:57 pm)
Ask your Ford Edge lease questions here!
#2 of 792 Lease factors?
Jan 02, 2007 (12:34 pm)
Hello! Does anyone know what residual & money factors are for the Edge? I had read a few places it would be 59%, but my dealer is saying 52%. Also, he lists the "lease factor" at 1.5 - is that the same as a .00063 money factor?
#3 of 792 Re: Lease factors? [jdivers]
Jan 03, 2007 (8:37 am)
My Ford dealer is quoting 52% residual for a 39-month lease at 15,000 miles/year. They quoted an interest rate of 3.5% (MF of .00145. This was last month, though, so the MF may have changed on 1/2.
#4 of 792 Lease quotes
Jan 04, 2007 (3:01 pm)
In the New York area the lease quotes are crazy.I have been to 2 dealers and have been quoted 530-580 a month with $2000 down.I have excellent credit.I have been loyal to Ford and have a 04 Explorer but I could drive a Lexus with those #s.
#5 of 792 Re: Lease quotes [oxford3]
Jan 05, 2007 (1:25 pm)
It was my understanding that conventional leases are not legally available in New York State (hence the residency restrictions apply disclaimers on most lease ads).
Have you tried a retail balloon loan? With a retail balloon, there is no security deposit, first month payment or acquisition fee required at signing. I just got a voicemail from a dealer in Mahwah, NJ informing me of special lease deals on the Edge that go thru April of 2007. I'll post what info he provides me with.
#6 of 792 Re:Lease quotes
Jan 05, 2007 (2:09 pm)
Leases are back in New York.We had been the only state where you could sue the manufacterer in case of an accident.Congress attached a change at the end of some bill and Bush signed it much to the trial lawyers chagrin.Mahwah is not to far.I have traveled to P.A.(Reedman) before and have gotten better prices then N.Y.
#7 of 792 Re:Lease quotes [oxford3]
Jan 08, 2007 (8:13 am)
It wasn't accidents as much as parking tickets and moving violations. The cities were suing Ford if the leasees didn't pay their fines.
There was no real difference in the RCO vs. RCL dollars anyway.
When did the new law go into effect?
#8 of 792 Residual change, incentives
Jan 08, 2007 (9:38 am)
(in CA) I just went in and started paperwork on one Friday, the residual had changed from 52% to 51%. I'm getting $1000 competative lease cash because I currantly lease a Toyota. And I found out that the $500 student/graduate cash isn't available with the X-plan. My payments for the 39 mo lease will be just over $400 after tax.
But.. my Edge should be in from LA tomorrow, so I'm excited nonetheless
#9 of 792 edge lease
Jan 10, 2007 (12:09 pm)
Just picked up my edge. 2000 grand down a-plan red carpet lease 290.00 a month, a-plan price 26233. Have 300 miles on it averaging 19.7 mpg. New 3.5 liter and tran is smooth with plenty of power.
#10 of 792 Re: Lease factors? [jdivers]
Jan 11, 2007 (2:33 am)
Hello jdivers. This vehicle's lease program varies depending upon how long you lease it for and what mileage allowance you need. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. If you were to lease a 2007 Ford Edge through Ford Credit right now for 36 months with 15,000 miles per year, its base lease rate and residual value should be 0.75% and 51%, respectively. As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. You can convert its lease rates into approximate money factor equivalents by dividing them by 2400.
Prices Paid Forum