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Ford Edge Lease Questions

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

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

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#21 of 520 Re: Lease and bad credit. [julie_gramer] by Car_man HOST Apr 12, 2007 (2:28 am)
Replying to: julie_gramer (Mar 01, 2007 2:26 pm) 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.   Car_man Host Prices Paid Forum
#22 of 520 Ford "Money Rate" or "Lease Rate" by chuck68516 Apr 13, 2007 (9:41 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... Replies to this message: crispyj (Apr 13, 2007 9:51 am) advequityguy (Apr 20, 2007 5:35 am)
#23 of 520 Re: Ford "Money Rate" or "Lease Rate" [chuck68516] by crispyj Apr 13, 2007 (9:51 am)
Replying to: chuck68516 (Apr 13, 2007 9:41 am) I believe Ford doesn't use money factors to calculate, but instead the actual percentages.   .5% to .75% interest rate. Replies to this message: advequityguy (Apr 20, 2007 5:35 am)
#24 of 520 Ford Lease by chuck68516 Apr 13, 2007 (10:06 am)
How could they offer 0.5% when other car companies leases are 5% or more? Impossible. Replies to this message: crispyj (Apr 13, 2007 11:31 am) kyfdx (Apr 13, 2007 12:28 pm)
#25 of 520 Re: Ford Lease [chuck68516] by crispyj Apr 13, 2007 (11:31 am)
Replying to: chuck68516 (Apr 13, 2007 10:06 am) FYI -- from CAR_MAN:   "You can convert lease rates into approximate money factor equivalents by dividing them by 2400.    Car_man Host Prices Paid Forum"   Which would give this car a money factor ranging from .000208 to .0003125
#26 of 520 Re: Ford Lease [chuck68516] by kyfdx HOST Apr 13, 2007 (12:28 pm)
Replying to: chuck68516 (Apr 13, 2007 10:06 am) I don't know the specifics on the Edge lease, but it all depends on where they want to put the incentives..   $3000 rebate or 0% financing or .5% equivalent money factor, or even a higher than market rate residual..   So.. the lease rate could be that low..
#27 of 520 current residual % and lease % for Edge by crispyj Apr 19, 2007 (4:58 pm)
CarMan - do you know the current lease percentage/residual rate for a Ford Edge SEL Plus - 3yr/12k.   has anyone had experience getting these for below-invoice? Replies to this message: advequityguy (Apr 20, 2007 5:39 am) Car_man (May 07, 2007 1:36 am)
#28 of 520 Re: Ford "Money Rate" or "Lease Rate" [crispyj] by advequityguy Apr 20, 2007 (5:35 am)
Replying to: crispyj (Apr 13, 2007 9:51 am) .5% 36 mo lev 0-1, .75% 36 mo. lev 2, 50% res at 15k / yr on the SE. Interest is higher on the SEL / SEL+. $750 rebate. It's all good.
#29 of 520 Re: current residual % and lease % for Edge [crispyj] by advequityguy Apr 20, 2007 (5:39 am)
Replying to: crispyj (Apr 19, 2007 4:58 pm) dealers are more willing to bargain on the ones that do not have the vista roof. Most dealerships will honor all of the "plans" on the SE / SEL. Not much sense for them to honor "xplan", or a price anywhere close to that on an SEL+ w/ vista roof since the market currently brings way more than that and supply is low. They shouldnt have a problem offering one up on one of the plans or at a good discount it if you were to order it, though. On the Edge, an ordered unit would not involve an opportunity lost cost like an in stock one would.
#30 of 520 Re: Ford Edge: Lease Questions [kyfdx] by ejonsey Apr 21, 2007 (11:16 am)
Replying to: kyfdx (Jan 02, 2007 6:57 pm) I am about to lease an Edge and want to know if I am getting a good deal. I couldn't find a SEL Plus with what I wanted so I found a SEL with the premium package. My MSRP is $32,385 with the vista roof. I have $1000 coupon for leasing a previous car and there is a $1250 rebate. The sales person said he would sell me the car for $28,157 with a payment of $370 (including tax), 36 month lease, 15K miles with $2,000 drive off. Is it a good deal.   My previous car was a Mercedes C class and had the same payment but the car was $3,000 more, so I just want to make sure the payment is good for the Edge. Replies to this message: Car_man (May 07, 2007 1:41 am)

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