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
#359 of 782 Re: 2007 Ford Edge SEL Plus Leftover [actraveler]
Nov 27, 2007 (2:38 pm)
I am going to be leasing a 2008 Edge Limited in a matter of days as my ordered Edge was shipped from the factory on 11/19. I have actual numbers for a FWD 2008 Edge Limited for a 36 month 36000 mile lease. They are 52% residual, 2% lease rate, $595 acquisition fee, X Plan cap cost less $1000 rebates. Is that specific enough for you? Why don't you ask the dealer for the numbers? You can get MSRP and invoice (w/o ad fees) from Edmunds as well as a link to a lease calculator to double check your dealer's numbers. The rebates vary depending on geographical area as does your local sales tax rate so the best source of information is your local dealer where you would actually be leasing the car. The residuals and lease interest rates vary by term and mileage on the leases. Get actual numbers from the dealer then bring them to this board for comment or to compare to what others are actually getting.
#360 of 782 Need help -- Details on my Lease Offer !!!!
Nov 28, 2007 (11:14 am)
Can you guys help me in this as this is my 1st lease & hope it can help many new buyers.
Here are the details of lease term
2008 limited with :-
Panoramic Vista Roof
Sirius Satellite Radio
Rear Cargo Management System
TOTAL MSRP $33,225.00 ........I have not negotiated the price yet.
Edmunds Invoice is $31000 on this.
They will take $1000 off beacuse of ford lease offer prog.
Ford Credit charges a $595 acquisition fee on every vehicle that it leases
* $0 down.
I am in South Carolina & have to pay only $300 sales tax.
No 5% every month.
*36 months ..................15K miles / year
*50% Residual Value ( Can I negotiate here ? )
*2% lease rate aka money factor
I am missing something & how can we get it better ?
#361 of 782 Re: Need help -- Details on my Lease Offer !!!! [car_crazi]
Nov 28, 2007 (4:48 pm)
You can't negotiate the residual and the lease interest rate seems about right and not marked up. The only real place you have for negotiation is the cap cost and things like document fees and the like. Please keep in mind the invoice figure you have does not include local or regional advertising costs, so it is probably at least $400-$500 low. If you can get them to use invoice for the cap cost with you getting the $1000 incentives that is probably about as good as you are going to get. The lease I am going to be signing in the next day or two uses X-plan price for the cap cost, I get the rebates, and the residual and lease interest rate are all as per Ford's rates and not marked up by the dealer. I am happy with that deal.
#362 of 782 Somethings Wrong?
Nov 28, 2007 (7:49 pm)
I'm trying to negotiate a lease on a 2008 Edge SEL AWD and this is the deal the dealer has presented:
MSRP - 33685
Selling Price - 31876.95
Rebate - 1000
Down Payment - 2500
Residual - 16,505.65 (49% 39 month lease, 15K miles)
"Startup" costs - 747.89
Monthly Payment zero down 459.45
Monthly Payment with 2500 down 388.78
The math more or less adds up. Howeever, a couple things don't seem right. For one, the residual. I'm seeing posting on here of 50 to 52%, what's with 49%? Second, isn't Ford offering 2% financing one a 36 month lease? And what's with the 39 month lease? Warranty is only 36 months. Last, what is the $747.89 "Startup" cost.
Is there something I'm missing?
#363 of 782 Re: Somethings Wrong? [hduty]
Nov 28, 2007 (8:22 pm)
Your residual is lower because you want a 15000 mile per year lease. $595 of the startup cost is the acquisition fee.
#364 of 782 Re: Need help -- Details on my Lease Offer !!!! [hardhawk]
Nov 29, 2007 (12:11 am)
So I should expect round about $500 over edmunds invoice ?
I know about the X plan but In your opinion what will be the
difference between X-plan & edmunds invoice price.
#365 of 782 Re: Need help -- Details on my Lease Offer !!!! [car_crazi]
Nov 29, 2007 (5:38 am)
The advertising fees are different from region to region and/or if the dealer is in a city with a local ad group. I am in a rural area and the ad fees here are a little over $400 as we only have a regional ad group. My ordered Edge arrived yesterday so we should be picking it up today. My dealer will show me the x-plan price on the invoice so I have not seen that yet. I will post my final numbers after the deal is done. One of the nasty things here is that our sales tax is over 8% and we pay it on every lease payment.
#366 of 782 Re: Need help -- Details on my Lease Offer !!!! [hardhawk]
Nov 29, 2007 (11:13 am)
Congratz on new edge hardhawk
I hope to join the family soon. Please do post the info after you get the deal done.
I am also trying to get my deal done within next 2 days.
Damn that 8% on every lease payment.
Nov 29, 2007 (8:58 pm)
Can anyone tell me who qualifies and what is required for the following Ford Rebates codes?
32522 Ford Credit Owner Loyalty
32530 AAA eCoupon (Might be self explanatory but where do you get the eCoupon from?)
32494 Partner Recognition Plus Prvate Offer (I am eligible for X-Plan)
#368 of 782 2008 Edge Limited Leased
Nov 30, 2007 (2:53 pm)
The deal is done. The lease terms are as follows:
MSRP: $32,170 FWD Limited, Trailer tow, Pwr Gate, Rear Cargo Mgmt, Sirius
Cap Cost: $30,628 (X Plan) Invoice including $458 in Regional Ad Fees was $30,676
Acquisition Fee: $595
36 month, 36,000 miles
Lease interest rate: 2%
Doc Fees: $95 I was getting a good enough deal I did not complain about these.
Zero down: Out the door for first payment only. No security deposit.
Monthly payment before local sales tax: $416
Monthly payment including 8.3% sales tax: $451
I feel I got a fair deal and my wife loves her new Edge. Creme Brulee with camel leather. Installed Weathertech floor liners and cargo liner in black as black goes better with the black trim in the new camel interior. They look great.
Thanks to CarMan and others who have been so helpful.