778 messages,
Last post on May 20, 2013 at 4:24 PM
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Ford Edge, Car Leasing, Car Buying, SUV
#106 of 778 Re: after further review... [gmecca2]
by Car_man HOST
Jul 18, 2007 (2:26 am)
Hi gmecca2. The 2007 Ford Edge SEL FWD that you described has a spread of just under $1,900 between its full MSRP and its dealer invoice price. Plus it has between $750 and $1,250 lease cash available on it depending upon what part of the country you are in. This gives you a total of around $2,600 to $3,100 to play with when negotiating this vehicle's selling price. The $2,300 discount that you are being given looks pretty good to me. Just make sure that the dealer you are working with uses Ford Credit's current base lease rate of 1.0%, which is equivalent to a money factor of around .00042, to calculate your monthly payment and you're all set.
Car_man
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#107 of 778 Re: HELP and ADVICE ...PLEASE [westham999]
by Car_man HOST
Jul 18, 2007 (2:40 am)
Hi westham999. I take it that you are able to purchase, or in this case lease, your new Edge through Ford's X-Plan. If so, you are getting it for a great price. The only other factor that the dealer might be able to alter is your vehicle's lease rate. This doesn't seem to be a problem with your deal. Ford has subsequently increased its 36 month base lease rate on the '07 Edge to 1.0% and its 39 month rate to 1.25%. This looks like an outstanding deal. Dealers do not have the authority to alter vehicles' residual values. If you like the Edge, go for it.
Car_man
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#108 of 778 Re: Feedback Please - EDGE Lease [westham999]
by Car_man HOST
Jul 18, 2007 (2:43 am)
Hey westham999. Any lease of this vehicle through Ford's X-Plan is going to be a good deal because dealers are required to use a predetermined attractive selling price as the capitalized cost for your lease. Just double check the lease rate that is being used to calculate your monthly payment and you're all set.
Car_man
Host
Prices Paid Forum
#109 of 778 Re: New July Lease Information [hardhawk]
by Car_man HOST
Jul 18, 2007 (2:47 am)
Here's the information that you're looking for, hardhawk. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Ford Edge SEL AWD with 12,000 miles per year are 1.0% and 52%, respectively. The numbers for an otherwise identical 39 month lease are 1.25% and 50%. The lease rates for the FED version of this vehicle are exactly the same, but its residual values would be 1% lower.
Car_man
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#110 of 778 Re: Edge Lease Quote [jramm]
by Car_man HOST
Jul 18, 2007 (2:53 am)
Hi jramm. A base 2007 Ford Edge 2WD has a spread of around $1,600 between its full MSRP and its dealer invoice price. Plus in your area, Ford is providing $750 lease cash on it. This gives you a total of $2,350 or so to play with. The $2,500 discount that you were quoted looks very attractive to me. The lease rate looks great too, though it was recently changed to 1.0% for 36 months. If you like the Edge, go for it.
Car_man
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Prices Paid Forum
#111 of 778 Re: New July Lease Information [Car_man]
by elliemaej
Jul 18, 2007 (4:44 am)
Car man, do you have the rates for 24 months for an SEL +? Since I maybe taking what I can get, can you please give me the rates for FWD & AWD for 12k & 15k miles? Per Fords website, my zip code is offered 1750 cash back.
#112 of 778 Re: New July Lease Information [elliemaej]
by elliemaej
Jul 23, 2007 (9:28 am)
Looks like Car man might be MIA... does anyone else know the answer to my question. I have a dealer calling me back with a quote today and would like to know how close he is.
Thanks
Ellen
#113 of 778 Re: New July Lease Information [elliemaej]
by hardhawk
Jul 23, 2007 (11:20 am)
My dealer gave me the following July information:
Edge SEL+ FWD residual 12,000/24 month 62% /36 month 51%
15,000/24 month 60% /36 month 49%
Edge SEL+ AWD residual 12,000/24 month 63% /36 month 52%
15,000/24 month 61% /36 month 50%
Lease interest rate is .75% for 24 month and 1% for 36 month
Hope this helps.
#114 of 778 Re: New July Lease Information [hardhawk]
by elliemaej
Jul 23, 2007 (12:06 pm)
Thank You!!!!
#115 of 778 Re: New July Lease Information [elliemaej]
by hardhawk
Jul 23, 2007 (12:29 pm)
You are most welcome. Tell us how you make out with your deal!