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Ford Edge Lease Questions

520 messages,  Last post on Nov 12, 2009 at 3:41 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#402 of 520
Re: 2005 Lincoln LS lease expires - want an Edge [bancroft162] by hardhawk
Dec 22, 2007 (1:20 pm)
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Replying to: bancroft162 (Dec 22, 2007 8:05 am)

My experience leads me to state that the best lease deals appear at the end of each quarter. This is based on years of watching the market and keeping track of annual events. With the economy continuing to be shaky, the traditional patterns could be re-set in 2008. I would wait until March if it is going to sit in your garage for months.
#403 of 520
Edge Ordered - Discount Coupons?? by goatee
Dec 22, 2007 (6:40 pm)
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My 08 Ltd AWD is due sometime in January. Not sure if I will be leasing or buying but I am leaning toward leasing. Does anyone have any information about this X-Plan discount? I am reading about this on blueovalnews.com and I have to say I am a little suspicious. Could it be true? If so, how do I get an X-Plan number?
#404 of 520
Re: Edge Ordered - Discount Coupons?? [goatee] by actraveler
Dec 23, 2007 (9:40 am)
Reply

Replying to: goatee (Dec 22, 2007 6:40 pm)

X-Plan is a Ford discount program for companies that do business with Ford.
 
My wife works for a major airline, and as they buy large volumes of Fords, she can get the discount.
 
It's a great program because the X-Plan price is set by Ford to the dealer. The dealer can't charge a "dealer fee" add-on either. That's a Ford rule, and the X-Plan price is usually +/- $100 of invoice price. Also, most all rebates apply.
 
I've seen some people on blueovalforums offering these codes, but there is limited transferability so don't pay for one. If you can get the car for invoice, you'll be close in price, but the dealer fee maybe something you can't get out of.
 
Hope this helped.
 
Hal
#405 of 520
Leasing a new edge by jgriffs
Jan 08, 2008 (8:21 am)
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Hi all ,
 
new to the site as I have been happy with my 02 Cherokee for a long time. I am looking at leasing a new 08 edge as I know I am city living in downtown st louis. The model I am looking at is as follows. any assistance with lease rates payments I should target etc would be appreciated.
I would be putting 0 or little down. and am in the ST Louis area
 
2008 Limited black
20" premium wheels
class 2 trailor tow
interior appearance upgrade
panoramic roof
 
thanks
#406 of 520
hey carman can you help me out? by jgriffs
Jan 10, 2008 (7:28 pm)
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I am looking at leasing a ford edge limited and got the below offer yesterday can you help me figure out how to move forward in negotiating this deal?
MSRP (Sticker Price) $36,210.00
Discount Price $34,381.95
Term/Miles 24mo 12,000 miles a year total of 24,000 at the end of your lease
Lease Rate .75%
Residual 62%
Cash Down 0.00
Ford Rebate $1,250.00
Your Sales Tax Rate 7.741%
Govt Fees (personal property tax and Plates) $216.00
Taxes $984.48
Security Deposit (Refundable at the end of lease) $575.00
Payment $570.88
Total due at signing $1145.88
 
thanks alot for your help!!
#407 of 520
Re: Leasing a new edge [jgriffs] by Car_man HOST
Jan 17, 2008 (2:26 am)
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Replying to: jgriffs (Jan 08, 2008 8:21 am)

Hi jgriffs. You never mentioned how long you want to lease the Edge that you are interested in for or what mileage allowance you need, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2008 Ford Edge Limited AWD with 15,000 miles per year are 2.0% and 50%, respectively.
 
Let's come up with some approximate pricing so that we can estimate this truck's monthly payment. The Edge that you described has an MSRP of around $36,320 and a dealer invoice price of $33,855. Ford is currently providing $1,250 lease cash on this model in most areas. If we subtract that from the invoice price and add $500 for the dealer we come up with a capitalized cost of $33,105. Using these numbers, I come up with a 36 month, 15,000 mile per year, zero down, pre-tax monthly payment of around $458.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#408 of 520
Re: hey carman can you help me out? [jgriffs] by Car_man HOST
Jan 17, 2008 (2:29 am)
Reply

Replying to: jgriffs (Jan 10, 2008 7:28 pm)

Hi again jgriffs. The lease rate and residual value that you were quoted for the Edge that you are interested in are right in line with Ford Credit's program for it. The selling price looks reasonable as well. If you like the truck, I personally don't see any reason not to go for it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#409 of 520
Re: hey carman can you help me out? [Car_man] by dsnj06
Feb 06, 2008 (5:48 am)
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Replying to: Car_man (Jan 17, 2008 2:29 am)

Car_man,
 
Can you supply money factor and residual for 08 Ford Edge limited AWD lease for 12k per year
 
Thanks
#410 of 520
Re: hey carman can you help me out? [Car_man] by mrg6
Feb 07, 2008 (7:04 am)
Reply

Replying to: Car_man (Jan 17, 2008 2:29 am)

I'm looking at an Edge also and have X-plan pricing. 2008 Edge AWD Limited with a trailer/tow, power lift gate, Sirius system and the rear cargo mgmt. MSRP is $34,155. Here's the details that the dealer (Apple Valley Ford in MN) is offering. Does this sound like it's inline with your figures?
 
X-plan price: $32,432
Rebate: $1,750
Money factor 3.5
$50 dealer fee
Sales tax is 7%
I have $1200 from my current lease to pay
$600 will be paid down
Their payment is $565.30/month.
 
Thanks for your help.
#411 of 520
Lease Rate for February? by noles200
Feb 08, 2008 (6:50 pm)
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Is there anyway to tell what the current Ford lease rate is? I see in post #410 the money factor is 3.5. If that's a "money factor" it equates to 8.4% interest. I don't think I'd ever pay that in this day and age of falling interest rates.
 
I had a dealer quote me a money factor of .00225 (2.25) for 36 months which is 5.4%. I think that is still pretty high considering a 60 month loan is 3.9%.
 
Is there anywhere we can find out a typical interest rate for Ford, for someone with credit rating over 700 (I've read many places that anything above that gets best rates).

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