- #412 of 520
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Re: Lease Rate for February? [noles200]
by djhalptert
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Feb 10, 2008 (8:33 pm)
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Replying to: noles200 (Feb 08, 2008 6:50 pm)
Ford uses APR in their leases, not money factors. If a dealer is quoting you a money factor they are doing something wrong or more likely, trying to pull a fast one on you. The current Ford "lease rate" is 0.75%. That would be a money factor of 0.0003125. It's not hard to qualify for the best rates from Ford. I have been doing so since I was 18 years old. I think they are the most credit friendly credit company ever, in my opinion.
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- #413 of 520
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Re: hey carman can you help me out? [dsnj06]
by Car_man HOST
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Feb 20, 2008 (4:07 am)
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Replying to: dsnj06 (Feb 06, 2008 5:48 am)
Hi dsnj06. You never mentioned how long you want to lease the Edge that you are interested in for, so for now I will give you the details of its 36 month lease program. Let me know if you want a different term. ford Credit's current base lease rate and residual value for a 36 month lease of a 2008 Ford Edge Limited AWD with 12,000 miles per year are 2.0% and 52%, respectively. As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. So a lease rate of 2.0% would be equivalent to a money factor of around .00083.
Car_man
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- #414 of 520
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Re: hey carman can you help me out? [mrg6]
by Car_man HOST
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Feb 21, 2008 (2:19 am)
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Replying to: mrg6 (Feb 07, 2008 7:04 am)
Hi mrg6. You're fortunate to have access to Ford's X-Plan. It should guarantee you an attractive selling price on the Edge that you want without having to haggle. The lease rate that you were quoted seems slightly high though. the last time that I checked, Ford Credit's base lease rate for a 36 month lease of a 2008 Ford Edge was only 2.0%. Make sure to double check the lease rate that you were quoted.
Car_man
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- #415 of 520
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A good price?
by simz1
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Feb 27, 2008 (4:51 pm)
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Im in the market to lease a Limited Edge AWD loaded with Nav, 20inch wheel package, sunroof, basically every option except the entertainment system. The sticker was appx. 39,000. The lease was 12k miles per year, $2,000 total out of pocket at signing for $459.00 per month. Maintenance for 3 years included. Im in NJ and this was the best price I got out of 2 dealerships ive been to.
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- #416 of 520
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Ford Edge Limited 2WD Rates
by ribbonking
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Mar 04, 2008 (8:47 am)
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Hello again, Carman. Please provide MF and Residual for 24 month, 15k miles. Current lease cash program, too. Not sure if its $1,250 or $1,750 lease cash. Thanks very much.
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- #417 of 520
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Re: Ford Edge Limited 2WD Rates [ribbonking]
by hardhawk
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Mar 05, 2008 (6:33 am)
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Replying to: ribbonking (Mar 04, 2008 8:47 am)
He will need to know where you live as these factors vary by geography. Have you tried asking your dealer what these numbers are? You can get the lease cash numbers from the Ford web site as well as suggested lease numbers. I found that most dealers will give you the information you are asking for if you approach them in the right way and they know you are serious about leasing a car. Many will provide this information via e-mail. Since Car Man has to try to cover all the Edmunds boards, it can take time before he can get back with a response. I always got the numbers from the dealers then waited to see if Car Man confirmed them.
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- #418 of 520
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Lease Numbers - Good or Bad
by syrah
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Mar 27, 2008 (3:44 pm)
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Here is what my local Tampa, FL car dealer is offering me on a '08 Edge Limited, vista roof, navigation system,pwr liftgate,20" wheels, sat radio. How does it sound?
3yr lease, 15k per year
MSRP=36,380
Sale Price=31,508
Lease Rate=2.00
Residual = 49%
Aquisition Fee= 595
Payment incl fees & Tax = 35 payments of $515.45
thanks in advance......
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- #419 of 520
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Re: Ford Edge Limited 2WD Rates [ribbonking]
by Car_man HOST
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Apr 09, 2008 (1:37 am)
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Replying to: ribbonking (Mar 04, 2008 8:47 am)
Hey ribbonking. Ford Credit's current base lease rate and residual value for a 24 month lease of a 2008 Ford Edge Limited 2WD with 15,000 miles per year are 0.75% and 57%. As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. The lease cash that is available on this truck varies by region. I need you to tell me what state you are in to give you an accurate idea of what it is in your area right now.
Car_man
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- #420 of 520
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Re: Lease Numbers - Good or Bad [syrah]
by Car_man HOST
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Apr 09, 2008 (2:08 am)
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Replying to: syrah (Mar 27, 2008 3:44 pm)
Hi syrah. The dealer invoice price of the vehicle that you described is probably around $33,900. Plus Ford is currently providing a $1,750 cash incentive on leases of this model through Ford Credit. This drops the invoice down to around $32,000. The selling price that you were quoted looks excellent to me. The lease rate looks good, too. If you like the Edge, I personally don't see any reason not to pull the trigger on this deal.
Car_man
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- #421 of 520
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08 Edge SEL Lease in NJ
by eric0476
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Apr 12, 2008 (11:33 am)
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I am looking at a 08 SEL AWD that has the premium package (leather), roof, & SYNC. I have 7 payments left on my 06 Eddie Bauer Explorer. Ford is paying 2 dealership is paying 3 for me. $1200 (2 payments) will be rolled into the new lease. Here is their best price:
$4000.00 down
$459/month
36 months/ 12K
Is this a good deal or should I be able to get a smaller down payment?
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