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Ford Edge Lease Questions

520 messages,  Last post on Nov 12, 2009 at 3:41 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Ford Edge, Car Leasing, Car Buying, SUV


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#2 of 520
Lease factors? by jdivers
Jan 02, 2007 (12:34 pm)
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Replying to: kyfdx (Jan 02, 2007 6:57 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?
 
Thanks!
#3 of 520
Re: Lease factors? [jdivers] by cole
Jan 03, 2007 (8:37 am)
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Replying to: jdivers (Jan 02, 2007 12:34 pm)

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 520
Lease quotes by oxford3
Jan 04, 2007 (3:01 pm)
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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 520
Re: Lease quotes [oxford3] by suttons
Jan 05, 2007 (1:25 pm)
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Replying to: oxford3 (Jan 04, 2007 3:01 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 520
Re:Lease quotes by oxford3
Jan 05, 2007 (2:09 pm)
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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 520
Re:Lease quotes [oxford3] by akirby
Jan 08, 2007 (8:13 am)
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Replying to: oxford3 (Jan 05, 2007 2:09 pm)

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 520
Residual change, incentives by jdivers
Jan 08, 2007 (9:38 am)
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(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 520
edge lease by dspdave
Jan 10, 2007 (12:09 pm)
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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 520
Re: Lease factors? [jdivers] by Car_man HOST
Jan 11, 2007 (2:33 am)
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Replying to: jdivers (Jan 02, 2007 12:34 pm)

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.
 
Car_man
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Prices Paid Forum
#11 of 520
Help with a dealer , Bait and switch? by jschaff
Jan 22, 2007 (11:21 pm)
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I am going to be getting an SEL Plus tomorrow. I spoke with two dealers and was offered 15000 miles, 0.75% for 36months or 1.00% for 39 months. And a residual of 53% at 36 months, and 51% at 39 months.
 
Agreed on a deal of $500 over invoice price. They want to add in something called Certified Gold to fix door dings (can't find this online) and the price is $540/month.
 
Called back today to get the final figures (so I can check it out) and the finance guy would not give me any info until I drove 250 miles there to sit with them. I kept pushing them to give me info. Their lease deal now says 2%interest rate with a residual of 49%.
 
I got mad with the guy and said to quit the bait and switch business.
 
Does anyone have a URL to a page with the Ford 0.75 lease deal on it to show these guys? And the residual page too?
 
Thanks

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