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Prices Paid: Buying & Leasing Experiences Ford Edge Lease Questions
466 messages, Last post on Sep 05, 2008 at 3:48 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: leaserbuy (Aug 07, 2007 3:59 pm) 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. |
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Replying to: elliemaej (Jul 17, 2007 3:25 pm) 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. -Larry |
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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 Rebate: $1250 36 months/10.5k miles. Residual Rate: 53% Residual: $18796.45. 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  -Larry
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Replying to: hardhawk (Aug 05, 2007 5:48 pm)
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Replying to: trucklarry (Aug 07, 2007 10:57 pm) 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. |
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Replying to: chuck68516 (Aug 08, 2007 5:35 pm) -Larry
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Replying to: elliemaej (Aug 08, 2007 5:24 pm) What options and colors do you want? I'm sure we would all be happy to look/search around for you.
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Replying to: trucklarry (Aug 08, 2007 5:56 pm) Rebates $ 1,250 Down Payment $ 7,700 Base payment (pre-rent charge,taxes) $25,041 minus residual of $18796.45 equals $6244.55 divided by term (36) = $173.46 BASE PAYMENT PER MONTH. I don't know your rent charge or sales tax or property tax but my base payment on my lease of ZERO DOWN, 36 month, 10,500 miles per year on MSRP $32,690 was $326.17 and my sales tax was $22.83 with a total payment of $349. So with the limited info you gave I am estimating your monthly payment should be under $200. AGAIN, DEPENDING ON YOUR PROPERTY TAX. But there is no way your property tax is $120 per month.
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Replying to: chuck68516 (Aug 08, 2007 6:00 pm)
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Replying to: chuck68516 (Aug 08, 2007 6:12 pm) You leased approx $6200 over 36 payments I leases approx $11,800 over 36 payments Yet your payment is only about $25 less than mine. Even though I "financed" almost twice as much as you did. Hence, your payment should be around half of what mine was as described in my previous post. |
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