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Prices Paid: Buying & Leasing Experiences Ford Edge Lease Questions
518 messages, Last post on Nov 11, 2009 at 12:30 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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A reporter from a national newspaper is looking to speak to consumers who just purchased a new Ford Edge within the past six months and whether it had anything to do with gas prices. If you’re interested in speaking to the reporter, please contact Chintan Talati at ctalati edmunds.com with your daytime contact information no later than June 23, 2008.
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I am fairly new to leasing and this may be basic to many but I need some help understanding. Northern NJ. MSRP 32425 Resid 49% for 12k a year lease MF said it was 2% doc 149 MV 416 Bank 595 He said there was 2k and 1k in incentives, I assumed that 3k would take the car down to 29,425 before I negotiate. I tried to start at invoice go from there. He said 31,000 is a great deal. Shouldn't the 3k in incentives start me under 30k? He said with 2k down he could for 400 a month. Shouldn't the agreed upon price be lower? Thanks in advance |
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Here is what the dealer emailed me directly for the Edge 2008 SEL. "Sun and Sync" package w/ power lift/18" chrome wheels/cargo maintenence...I think the MSRP was 34,200 less 2 discounts in showed on sticker, so it then said $32,400. I think this is a little high....1st they said they would still honor Sun and Sync package...as they still advertise this on TV...so he said it was 279/month, total d/o 2100...but then this is what he sent me.....the audi A4...it looking better by the minute. Ok, here is the breakdown: 36 month lease 12k miles per year $3645 combined rebate Gap Insurance Incl (Comes in Fords Red Carpet Lease program) $2953.87 customer cash including drive off $354.20 including tax $15,986.40 purchase option at end of lease 36 month lease 12k miles per year $3645 combined rebate Gap Insurance Incl $3948.27 customer cash including drive off $324.82 including tax $15,986.40 purchase option at end of lease 24 Month Lease 12k miles per year $3645 Combined rebate Gap Insurance Incl $2956.87 customer cash including drive off $330.78 Including tax $19316.90 Purchase option at end of lease 24 Month Lease 12k miles per year $3645 Combined rebate Gap Insurance Incl $3978.32 customer cash including drive off $287.78 Including tax $19316.90 Purchase option at end of lease Sorry for the delay Andrew. I've been quite busy today! Hopefully this is informative and if you have any questions, please let me know. As you can see, the two year program is very, very good. I wouldn't see any need to go to a three year term since it is not saving you any money. Can't beat those payments for that car though! |
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