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Prices Paid: Buying & Leasing Experiences 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
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Hello All, This is my first time posting here, so forgive me if I say things incorrectly. I was offered this by a dealer in Southfield (metro Detroit), Michigan: 2008 Ford Edge SEL FWD Options: Sync; Audiophile System; Panoramic Roof; Sirius; Cloth interior... MSRP 31410.00 Price 28601.65 Adjusted price w/A Plan and Ford Loyalty - $25601.65 36-month lease; 15,000/year Residual - .46 Money Factor .0009375 (2.25% APR) $616 due at signing including 1st pymt Monthly Payment $ 388.32 My question is, does this sound like a good deal? By my calculations using the Money factor and resid, I come up with a bottom line payment of $367.04 with tax. It seems alright to me, but - - - I just want to be sure, since you're the experts. Has anyone gotten any better pricing? Should I haggle for lower payments? Thanks in advance for your input! |
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Hello, My wife and I have been looking into an Edge for quite some time and we're thinking about pulling the trigger this weekend. Specs are as follows: 2008 SEL Vista Roof Blk Leather Cargo Management Power Liftgate Power fold down seats Sync 18" Chromes We're in San Diego, CA 92122. The local dealer has one in Vapor Silver. We didn't get into invoice, but... sticker was $31,770... He quoted us: $2750 in rebates $2,000 down, $299 per month, 36 months, 15k This was without running our credit and using the xplan that my wife gets through work. When I told him I didn't want to put anything down, he said it depended on my credit -- maybe a safety deposit?? He also said that for every $750 less I put down my monthly payment goes up $20. My wife and I both have decent credit, seven hundred and change. Do you think we'll qualify for the Red Carpet low lease rate? If so, what % is that? Residual? Thanks in advance, wufibug
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Hi Car man, We're looking for the lease info on a 2008 Edge SEL or Limited in the Pittsburgh, PA area. We can do 10,500 miles per year for 24, 36, or 39 months. MSRP of the Limited we like is $36,140 and we have not negotiated a price yet. We're still in the info gathering phase so if you can give us an idea of a monthly payment it would be appreciated too. $34,965 is the MSRP of the SEL we like if that helps any.
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Replying to: jga638 (May 16, 2008 2:58 pm) |
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Replying to: wufibug (May 20, 2008 11:04 pm) 1. Never put money down on a lease. If you total it driving it off the lot you are out that $2,000. Put that money in the bank and pay your slightly higher monthly payment with it. 2. If it is a FWD Edge SEL and the current residual is 46% and MF is 2.25% then the dealer gave you an additional (approx.) $2500 off sticker plus rebates and your down payment. That is a pretty good deal but you could probably do better. The new incentives come out 6/30. I'd wait it out if possible. The deals will only get sweeter as the new model delivery date gets closer. I got $350 per month, nothing down on a SEL MSRP $33K. They need your business more than you need a car this week. Wait until after 6/30 or let them come down even more on sticker. |
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Replying to: baggs32 (Jun 01, 2008 5:54 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Recent quote: Edge Limited AWD - Loaded - MSRP 38,520 Lease deal I was recently quoted in NJ is $250 under X-plan price - selling price was $35,900 - before 3,000 rebates (inclduing FMCC rebate). 36 month - 15K miles a year Residual - 47% or 18,104 APR was 2.25 or .000933 money factor Sales tax number looked a little high at $1,501. Is sales tax in NJ (7%) calculated off the selling price less residual or off MSRP less residual? Monthly payment - $498 all in. Money down was $1,617 which only included first month payment, doc and motor vehicle fees and bank acquisition fee of $595. Let me know your thoughts on the deal? Is it possible to get bank fee removed? Should I wait till end of month to get better deal...Any thoughts would be appreciated.
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Replying to: madden01 (Jun 07, 2008 4:10 pm) Don't lease this car for $500 per month. You could lease a BMW X3 for $475 easily. Take the traditional loan or walk away. |
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I am hoping you can post the June money factor's and residuals for an 08 SEL Edge. 24,36 or 39 mos 10,500 miles a year. Thanks in advance for your very valuable service.
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My parents are interested in leasing a 2008 Ford Edge SEL - no options. The MSRP is 29,020 with destination, and the invoice is 25,076 (inc. the 2K cash back). Are there any other incentives in the NY/NJ region, and should they aim for a price of less then the 25,076? Please advise what the residual and money factor are for a 3 year, 36K mile lease. if you know July's rates that would be helpful too. They are getting quotes of around 410/month (all-in), but I believe this seems high compared to what I've read on this forum. Thanks again...
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