Last post on Jun 17, 2013 at 12:37 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Ford Edge, Car Leasing, Car Buying, SUV
#143 of 782 Re: Thanks [elliemaej]
Aug 05, 2007 (8:24 am)
I don't know if I can say this any more clearly, but I will try. Your dealer is trying to screw you. All those fees are made up. Only the acquisition fee is legitimate. YOU DON'T HAVE TO PAY ANY OF THEM. Get a backbone and say "I AM NOT GOING TO PAY ANY OF THOSE FEES." If they don't go for it go somewhere that will. Also, as I said earlier, to be getting only X-Plan as the "sale" price is OUTRAGEOUS. You can get X-Plan the day the vehicle arrives. They need to come WAY down on that price. If they do not, GO SOMEWHERE THAT WILL. I have bought 6 Ford vehicles and never, ever, ever, even came close to only getting X-Plan. That is the only reason to buy a Ford is that you can get HUGE discounts. It's AUGUST. They have to start making room for the new 2008 models. They are suckering you. At least call some other dealers and tell them about the deal this dealer is offering you. ANY dealer you call will be able to beat it EASILY because it is a terrible deal.
The reason I know this is because 4 MONTHS AGO I leased an Edge SEL+ Vista, Chrome, reverse sensing, MSRP $32,690 for 36 months with ZERO DOWN, only first payment due at signing FOR $349 PER MONTH tax included. It is possible!!!!!!!!!!!!
#144 of 782 Re: Thanks [elliemaej]
Aug 05, 2007 (5:48 pm)
If the deal you are being offered is the best the dealer will do, and other dealers are not willing to do better, then I would ask a number of dealers in your area if they would order a 2008 Edge per your specifications, without you being bound to buy it. What you want is a popular model/options/color combo, so it would not be hard to sell if you don't lease it. You could then see what interest rates, etc. will be available when it comes in. You could extend your current lease by a month or two without any problem to give you breathing room and take the urgency out of your situation. My Magnum lease ends in Oct. and I still don't know what I am going to do. My dealer has offered to order any models I want just like I want them, and then I can pick which one I want to lease. I am also looking at 2007 leftovers in larger SUV's since they are having huge lease cash and bonus cash added right now. I love the Edge/MKX, but also like the MKZ, Aspen, Durango, and Expedition. It is great having so many choices. The Edge has had cheap lease interest rates for months, so my guess is that that will continue for the 2008 models. Ususally no later than December the great deals will start being offered on the 2008's. If you must act now, you might try to find out what dealer the Edge you want is located at and contact them directly to see what kind of deal they will give you. Good luck and keep us posted!
Aug 07, 2007 (3:59 pm)
chuck68516 - Your entry on August 5, stated you leased Ford Edge four months ago for what appears to be a great deal. I'm currently working out the details of a lease.........is it possible to get a lead on the state and/or possible dealerships that offered you such a deal?
Or anyone else for that matter....
#146 of 782 Re: Location Leads [leaserbuy]
Aug 07, 2007 (5:32 pm)
The dealer's name is Woodhouse Ford in Blair, Ne. Just outside of Omaha. They sell cars all over the U.S. becuase they can beat almost any deal. I think the salesman said they sold around 27,000 cars to EVERY state in the U.S. in 2005.
My brother just bought a 2007 Chrysler from them and they didn't have what he wanted on the lot so they had to get one from Illinois. They drove 300 miles to his house to let him use one of their new Dodge Calibers as a rental car until his car could be transported to the lot (about 10 days). Then they still beat his local dealer's best price by $1200. They are amazing. I will be leasing/buying from them forever.
#147 of 782 Re: Property Taxes [elliemaej]
Aug 07, 2007 (10:17 pm)
In some states/cities it can be a benefit.
I'm in Northern Virginia. In Virginia, Ford state-averages the property tax and you pay an average of all the counties. If you live in a high-cost area, such as Fairfax, it can be a benefit.
Ford may do this in other states but I'm not sure.
#148 of 782 How's this one look ?
Aug 07, 2007 (10:57 pm)
Picked up a 2007 Edge SEL Plus AWD in Light Sage. ALL options except for the BAMR (I'm 6'4" tall, and the mechanics take up too much headroom...):
Sticker Price: $35,455.
Sale Price: $33,991 ($500 over Invoice).
Down Payment: $7700
36 months/10.5k miles.
Residual Rate: 53%
Monthly Payment: $324.52. Includes all taxes, fee's and property tax payments.
I know that's a large down payment but folks, I've done the $450 to $500 payment thing and I was on pins and needles the entire contract. I'm just not going to do that to myself any more. It's a comfort thing
#149 of 782 Re: Thanks [hardhawk]
Aug 08, 2007 (5:24 pm)
My dealer is having a real hard time locating the combo that I want. I have compromised on the FWD vs AWD, now I am not going to get my 1st or 2nd choice of colors. At this point I may be better off extending my current lease and order an '08. I'm assuming that I will loose the incentive cash but does anyone have any ideas of what the residuals and money factors will look like. If I order what I really want, it will definately lower the MSRP but if I lose the $1750 and the good money factor, it may end up costing me more. Any ideas??
#150 of 782 Re: How's this one look ? [trucklarry]
Aug 08, 2007 (5:35 pm)
I'm not sure how much your property taxes are but unless they are $120 per month, you got taken on this deal. Your payment pre-property tax, should have been about $200 per month including sales tax. Your base payment before rent charge should be about $175 per month.
You're right about your $7700 down payment being "large" but it is also not a very good idea. If you're car were to be totalled tomorrow, you would be out that $7700. The insurance company will not reimburse you for your down payment. Drive extremely defensively for the next 36 months. What fees or other charges did they put in the lease? Wear Care? Undercoat? Etc.
#151 of 782 Re: How's this one look ? [chuck68516]
Aug 08, 2007 (5:56 pm)
Can you break this down for me? I don't see how $200 a month figures... That's only $7200 in payments, not including any taxes at all.
#152 of 782 Re: Thanks [elliemaej]
Aug 08, 2007 (6:00 pm)
Consider expanding out your search area. Like I said in a previous post, my dealer sells cars to every state in the U.S. including Alaska and Hawaii. I'm not saying they are necessarily the answer but if you have driven the Edge and know what options you want on it any dealer should be able to easily locate an Edge and you could lease it over the phone/internet. Your dealer probably just wants you to buy the one sitting on their lot. They most likely aren't even trying to look for an Edge elsewhere.
What options and colors do you want? I'm sure we would all be happy to look/search around for you.