Last post on Dec 08, 2013 at 9:18 AM
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Ford Edge, Car Leasing, Car Buying, SUV
#273 of 792 Re: 2008 Edge Residuals [elliemaej]
Aug 21, 2007 (5:33 pm)
Since the 2008 model Edge's are not yet in production, I doubt the company has set them yet. My dealer told me Monday they don't have them yet and it is unlikely the residual and lease interest rates will be set until the 2008 models are actually being built and shipped to dealers. Some 2008 Ford models are already at dealers and they have numbers for those. The Edge and MKX are delayed a bit since they got off to a late start. They are also going to feature the new SYNC system which may not be ready yet. We all know that anything Microsoft is rarely on time. My guess is that the rates and residuals for the 2008's will not be far from the 2007's. The residuals will, of course, be higher, as those are adjusted quarterly. The interest rate may be a little higher until the 2007 leftovers are mostly gone. The Edge has had great lease residuals and rates almost the entire time it has been on the market. With the economy continuing to tank, Ford will have to do something to keep the sales going. ALl of this is, of course, just my opinion, which is worth no more than any one else's.
#274 of 792 Re: 2008 Edge Residuals [hardhawk]
Aug 22, 2007 (3:46 am)
Thanks Hardhawk...I appreciate the opinion. Not that it is a prediction of what the '08s will be but does anyone know what the '07s residuals were when they first came out?
#275 of 792 Re: 2008 Edge Residuals [elliemaej]
Aug 22, 2007 (1:39 pm)
The residuals shouldn't have changed. That's why it is important to negotiate the lowest possible sale price. Otherwise, you are paying full price for a 1 year old vehicle, what's the advantage of waiting so long for better pricing? If you can't get a really low price, I'd wait for the 2008's with SYNC.
I hope I have helped a few people out in here. I really get sick of FORUMS and MESSAGEBOARDS and certain types of people in them. I won't be posting here again. I really like my Edge and was hoping to spread the gospel so to speak. Good luck to everyone on getting the vehicle they want.
#276 of 792 Re: 2008 Edge Residuals [chuck68516]
Aug 22, 2007 (4:23 pm)
I have enjoyed your contributions Chuck. Sorry to see you go. At the risk of offending some, WE WILL MISS YOU!
#277 of 792 Re: 2008 Edge Residuals [elliemaej]
Aug 22, 2007 (9:27 pm)
Here are the U.S. residuals effective the fourth quarter of 2006 for New 2007 MY Ford Edge.
Edge 24-Month 36-Month 39-Month 48-Month
FWD SE 62% 52% 50% 44%
FWD SEL 62% 52% 50% 44%
FWD SEL PLU 62% 52% 50% 44%
AWD SE 62% 52% 50% 44%
AWD SEL 62% 52% 50% 44%
AWD SEL PLUS 62% 52% 50% 44%
#278 of 792 Re: 2008 Edge Residuals [aphyd]
Aug 23, 2007 (4:54 am)
Thanks..wow interesting. They were actually lower than they are now. You would think that as the model year progresses, the residuals will get lower, not higher. But I guess, an '07 is an '07 to the next buyer. They would only look at the miles used.
#279 of 792 Re: 2008 Edge Residuals [elliemaej]
Aug 23, 2007 (7:13 am)
Actually they were a little bit higher than they are now:
3rd Quarter residuals for New MY 2007
Edge24-Month 36-Month 39-Month 48-Month
FWD SE 60% 49% 47% 41%
FWD SEL 60% 49% 47% 41%
FWD SEL PLUS 60% 49% 47% 41%
AWD SE 61% 50% 48% 42%
AWD SEL 61% 50% 48% 42%
AWD SEL PLUS 61% 50% 48% 42%
Keep in mind both sets of published residuals I've posted assume a 15,000 miles per year contract.
#281 of 792 Re: 2008 Edge Residuals [aphyd]
Aug 23, 2007 (9:25 am)
That clarifies that...I am looking at 12k mile lease.
#282 of 792 Re: 2008 Edge Residuals [elliemaej]
Aug 23, 2007 (10:32 am)
Add 2% to the 15,000 mile residuals for a 12,000 mile lease.