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Ford Edge Lease Questions

466 messages,  Last post on Sep 05, 2008 at 3:48 AM

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


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#203 of 466
Re: [chuck68516] by elliemaej
Aug 13, 2007 (6:14 pm)
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Replying to: chuck68516 (Aug 13, 2007 5:32 pm)

Chuck, I am paying first months payment plus the 795 (595 acq fee and 170 motor vehicle registration fee) up front. That was my choice. I prefer to not pay sales tax on these items. If they were included, my payment would go up $34/month. Why pay an extra $50 in sales tax (6% in Ct) if not needed. Plus I will put the out of pocket cost on my credit card and get the miles (of course, I will pay it off when the bill comes in)
#204 of 466
Re: [chuck68516] by svofan2
Aug 13, 2007 (6:17 pm)
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Replying to: chuck68516 (Aug 13, 2007 6:04 pm)

...THAT is funny.....your silence indicated to me that you were surprise about my knowledge about Nebraska,right?...come on admited!...lol....what color you got and what euipment?...I promise not make any comments...so speak freely...lol
#205 of 466
Re: [svofan2] by chuck68516
Aug 13, 2007 (7:43 pm)
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Replying to: svofan2 (Aug 13, 2007 6:17 pm)

Of course I knew you had been to Nebraska, you said it was a beautiful place. Ha, ha.
Expect to see an armored Blazing Copper SEL+ with Vista, reverse sensing, 18" chrome, 6 disc MP3. Brick proof.
#206 of 466
Re: [chuck68516] by svofan2
Aug 13, 2007 (7:49 pm)
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Replying to: chuck68516 (Aug 13, 2007 7:43 pm)

Besides your infamous BAMR,how do yu like it and how many miles do you have?....what was your price before taxes etc...?....any issues with brakes?....a/c?....
#207 of 466
Re: [elliemaej] by chuck68516
Aug 13, 2007 (7:51 pm)
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Replying to: elliemaej (Aug 13, 2007 6:14 pm)

I'm not getting that calculation. If the net cap cost is
$32,296 and residual is $21,501, your depreciation fee is $450 per month. Then add rent charge, $16,81, sales tax, $28. $32 property tax. Monthly payment is $526.60
#208 of 466
Re: [chuck68516] by elliemaej
Aug 13, 2007 (7:53 pm)
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Replying to: chuck68516 (Aug 13, 2007 7:51 pm)

Sorry, I forgot the $1750 rebate.
#209 of 466
Re: [elliemaej] by chuck68516
Aug 13, 2007 (8:31 pm)
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Replying to: elliemaej (Aug 13, 2007 7:53 pm)

Aaah yes the rebates, I forgot as well!
You're right paying the $795 will save you $130 total over the lease. $39 per month by my calculations.
 
I figured you were rounding numbers but here goes....
 
DEPRECIATION = $376.88
RENT CHARGE = $16.26
BASE MONTHLY PAYMENT = $393.14
SALES TAX WILL DEPEND ON CALCULATING IN PROPERTY TAX FIRST AND I DON'T KNOW HOW THEY DO THAT.
 
IT ADDS UP!!!!!!!!!! FINALLY, THEY ARE MAKING SENSE!!!!!!!
#210 of 466
Re: [svofan2] by chuck68516
Aug 13, 2007 (8:41 pm)
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Replying to: svofan2 (Aug 13, 2007 7:49 pm)

Just rolled over 2,800 miles on my way home from work today. My MSRP was $32,690 and I ended up getting a GREAT DEAL at about $28,000+ cap cost. I put nothing down on 36 month lease FWD 10,500 miles per year. I drove it to Okalhoma within 3 weeks of getting it and put 1,300 miles on it so that shows I pretty much keep it in town most of the time. I am around 700 miles under my limit so far. I am planning a trip to Austin, TX this October to watch The Huskers beat the Texas Longhorns. That will be around 2,500 miles or more round trip.
 
No issues with brakes. I also didn't get the gripe about people not being able to close the lift gate due to it allegedly being too heavy. The brakes are better than my 2004 F-150 that I had before the Edge and the lift gate is easier to close than my 2003 Explorer my wife had before her H3. My only real complaint as of now is the dash being a little too reflective of light and not waiting for the 2008 to get the SYNC. Other than that I am happy. I get a lot of positive compliments. Plus, my wife wants to trade cars. She used to hate to drive my F-150. I told her I would think about it in a year or two.
#211 of 466
Re: [elliemaej] by chuck68516
Aug 13, 2007 (9:04 pm)
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Replying to: elliemaej (Aug 13, 2007 7:53 pm)

It still shocks me that they are only coming down $1,834.
 
When I sent my dealer the email the other day he responded immediately at about $3,100 OFF MSRP and included acquisition fee in that so really almost $3,700 off MSRP.
 
If you were going to go with my dealer's numbers your payment would be $355.84 per month (assuming your property tax is about 8%) on a vehicle MSRP of $33,775. And he only quoted me a rebate of $1,250 so if you could get the additional $500 these numbers would be less.
 
Of course you would have to pay $800 to get the car delivered but that would be your only out of pocket ($800). So all in all that beats your dealer's price by around $100 per month and you would be out your down payment of $5 more dollars.
 
MSRP: 33,775
 
SALE PRICE: 30,688
 
REBATE: 1,250
 
RESIDUAL: 21,278.25
 
ACQ FEE: already included
 
TERM: 24 MONTHS
 
MILES: 12,000 PER YEAR
 
JUST AN FYI.
#212 of 466
Re: [chuck68516] by elliemaej
Aug 14, 2007 (4:26 am)
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Replying to: chuck68516 (Aug 13, 2007 9:04 pm)

Thanks for the info and the confirmation Chuck. I looked at your dealer and unfortunately, he does not have a car with the options I need/want. Also in this area the pickings are getting very slim and my dealer had to locate this car 2 states away. I'm happy with the deal. Would I like to pay less, of course. I am only keeping it for 2 years (most likely less if they run pull back specials).
I was toying with the idea of waiting on an '08 (really want sync and possibly the auto liftgate, my Pacifica has that and I like it) but I don't want to extend my current lease and without the rebate and low APR, I doubt it will be as affordable. I'll have to wait for an '09.

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