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You are in the Prices Paid - Buying & Leasing Experiences
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Ford Edge, Car Leasing, Car Buying, SUV
#362 of 792 Somethings Wrong?
Nov 28, 2007 (6:49 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 792 Re: Somethings Wrong? [hduty]
Nov 28, 2007 (7:22 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 792 Re: Need help -- Details on my Lease Offer !!!! [hardhawk]
Nov 28, 2007 (11:11 pm)
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 792 Re: Need help -- Details on my Lease Offer !!!! [car_crazi]
Nov 29, 2007 (4:38 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 792 Re: Need help -- Details on my Lease Offer !!!! [hardhawk]
Nov 29, 2007 (10:13 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 (7:58 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 792 2008 Edge Limited Leased
Nov 30, 2007 (1:53 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.
#369 of 792 2008 Ford Edge FWD Limited !!
Dec 03, 2007 (8:52 am)
He is my lease deal
Dont pay higher than this for 2008 Edge Fwd LIMITED
Here are the details of lease term :-
2008 limited with :-
Panoramic Vista Roof
Sirius Satellite Radio
Rear Cargo Management System
All weather mats
TOTAL MSRP $33,225.00 ......
Edmunds Invoice is $31,100 on this ( does not include ad fee ).
X-plan price $31,500
Take $1000 off beacuse of ford lease offer prog.
Ford Credit charges a $595 acquisition fee on every vehicle that it leases.
* $0 down.
With X-plan there is no document fee.
I am in South Carolina & have to pay only $300 sales tax.
No 5-7% every month.
Tag & title $ 39
*36 months ..................15K miles / year
*50% Residual Value.
*2% lease rate aka money factor
I doubt I can do better than this.
Gl to all
#370 of 792 Re: 2008 Ford Edge FWD Limited !! [car_crazi]
Dec 03, 2007 (12:25 pm)
Looks like you did good! Congrats.
#371 of 792 Need help! Am I getting ripped off?
Dec 03, 2007 (5:25 pm)
Ok, so I am looking at getting a 2007 Ford Edge AWD SEL black clearcoat with charcoal leather interior. Options include trailer tow package, all weather rubber mats, panoramic vista roof, navigation system, 18" painted aluminum wheels, reverse sensing system, and sirius sat radio. The dealership has a sticker on the car for 36,440. They said that they will sell it to me at invoice for 34,315.05. I still feel that this is too much, but they said that is what they bought the car for.
I told them that I want a payment around $400, but this is the best that they said they can do...
Total Cap cost......34,537.36 ( which includes down payment of 372.64 and Assignment Fee of 595.00)
Residual Value 48% which is 17,491.20
Money Factor of 0.5%
They said that there is a 1500 rebate but then are charging 1500 combined inception fees and excess cash/rebate/equity.
36 months with 15k miles and 6.60% taxes
In the end my payment would be 516.66 a month. MUCH HIGHER THAN I WANT. I am a female and went in alone and so I feel that they are taking advantage of that. What do you guys think??