Last post on May 20, 2013 at 4:24 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Ford Edge, Car Leasing, Car Buying, SUV
#16 of 778 Re: Here's my deal [fpdafish]
by Car_man HOST
Feb 27, 2007 (4:58 am)
Hi fpdafish. I'm sorry to hear that you totaled your previous vehicle. At least it sounds as though you weren't badly injured. That's the more important thing. Let's take a look at the deal that you got. The lease rate that was used to calculate your vehicle's payment looks right and it is very attractive. As far as the selling price goes, a base 2007 Ford Edge SEL Plus AWD has a spread of over $1,800 between its full MSRP and its dealer invoice price. You were given a $785 discount on the Edge that you leased. If you had time and were able to comparison shop a little bit, you may have been able to beat this price by $500 or so. Overall though this isn't a bad deal.
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#17 of 778 Lease and bad credit.
Mar 01, 2007 (3:26 pm)
I am new to leasing. I did my homework and realized that for me the best way to go is a lease verses buying. I am interested in the 07 Ford Edge. I can afford the car payment and insurance, all is well there. The problem is i dont have a lot of credit. Most of the credit i do have is not good. I have heard that it is harder to get a lease then a loan. My question is what are the odds of a person such as myself actually getting a lease on my own? Also, I know that you can shop leasing company to find the lease that works best for you. Once you have found it. How dose the buying process work as far as the dealership is concerned?
#18 of 778 Re: Residual change, incentives [jdivers]
Mar 15, 2007 (5:55 pm)
Can you possibly email me the figure you got? I was quoted $415 with $1700 down on the Edge SEL PLUS AWD. I am trying to get the payment down to $390-$400/monthly. How do I obtain the $1000 competitive lease cash?
Any numbers you can provide would be helpful.
Apr 07, 2007 (7:02 pm)
My wife and I looked at an Edge. We liked it, but ultimately went with a 2007 BMW X3.
Do you guys realize that you can lease a 40k BMW X3 for 36 months for $460/mo. (tax included) with no cap cost reduction? The low residual value makes the Edge lease unattractive IMO.
#20 of 778 Re: Edge [bassfan13]
Apr 10, 2007 (10:55 am)
We also compared the Edge to the X3, but felt that the rear legroom is the X3 was not competitive. Additionally, getting the Edge at A-plan pricing made the X3 lease deals less of an advantage.
Hope you enjoy the X3!
#21 of 778 Re: Lease and bad credit. [julie_gramer]
by Car_man HOST
Apr 12, 2007 (3:28 am)
Hi Julie. It definitely is not very difficult to lease a new vehicle through Ford Credit. It usually seems to be fairly lenient in who it approves to lease vehicles. If your credit is in rough shape, you may not qualify for its best rates though. As far as shopping around for a good lease goes, I personally doubt that you are going to be able to find an independent bank that has a more attractive lease program on the Edge than Ford Credit does right now.
Prices Paid Forum
#22 of 778 Ford "Money Rate" or "Lease Rate"
Apr 13, 2007 (10:41 am)
Most companies will give you an APR of say 7%. These are easy to convert to money factor by simply dividing by 2400. However it seems you can't do this with Ford's "money rate" which is .50 or .75. How do you determine money factor on the Ford Lease? I was quoted $364 per month on a 36 month 10,500 mile/year lease with ZERO due at signing, (not even first payment,) on a 2007 Ford Edge AWD SE at invoice pricing and $1250 rebates. He said the money rate was .50 on the 36 month and .75 on the 39 month. Please help...
#23 of 778 Re: Ford "Money Rate" or "Lease Rate" [chuck68516]
Apr 13, 2007 (10:51 am)
I believe Ford doesn't use money factors to calculate, but instead the actual percentages.
.5% to .75% interest rate.
Apr 13, 2007 (11:06 am)
How could they offer 0.5% when other car companies leases are 5% or more? Impossible.
#25 of 778 Re: Ford Lease [chuck68516]
Apr 13, 2007 (12:31 pm)
FYI -- from CAR_MAN:
"You can convert lease rates into approximate money factor equivalents by dividing them by 2400.
Prices Paid Forum"
Which would give this car a money factor ranging from .000208 to .0003125