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
#22 of 782 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 782 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 782 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
#26 of 782 Re: Ford Lease [chuck68516]
by kyfdx@Edmunds HOST
Apr 13, 2007 (1:28 pm)
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 782 current residual % and lease % for Edge
Apr 19, 2007 (5:58 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?
#28 of 782 Re: Ford "Money Rate" or "Lease Rate" [crispyj]
Apr 20, 2007 (6:35 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 782 Re: current residual % and lease % for Edge [crispyj]
Apr 20, 2007 (6:39 am)
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 782 Re: Ford Edge: Lease Questions [kyfdx]
Apr 21, 2007 (12:16 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.
#31 of 782 I'm nervous
Apr 25, 2007 (8:39 am)
Hey all, my wife and I are about to lease an Edge and here's the deal they gave us. Is it any good? We researched Edmund's and Lease Kit so we have a vague understanding...the MSRP is 34,230, he knocked it down to 32,810. It's for an SEL/black/leather/premium pkg/17" chrome rims//vista roof/audiophile/parking sensors/seat settings and I think that's it..
The money factor is .5 and he said the residual was 17,500. it's a 36 month lease. the down payment is 2,300 the taxes (which we were told to pay upfront) are about 1,300 and our payment will be 350.00. they are offering a 500.00 return to us as a deal by the dealer...please help! I hate math!!!