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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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Hey Car man, I'm turning in a Volvo lease on Aug. 23 and looking to lease a Ford Edge Limited in Dupage county, IL. One dealer told me that he is hearing rumors that Ford Credit will change their residual's due to the recent losses reported and the fact that Chrysler is getting out of the leasing business. He said it could save me about $100.00 per month if I sign before Aug.1. Do you know how often Ford updates the residuals or money factors? Is it set every month at the first of the month? Is this high pressure sales to get the sale in by the end of the month or is there some truth to it since Ford Credit lost $2 Billion? Thanks,
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| in Miami, FL 15k/36mo 0 down plus plus paying my last two lease payments on acura 463/mo... msrp is 31,385...dealer offer is 479/mo all in...is this a good deal? if not, what is the ballpark i should be looking at? Thank you for your assistance!!! | |
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Replying to: tkschleg (Jul 29, 2008 6:39 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Just leased an Edge limited (FWD) 2008 -- Here is my deal, hope it helps. MSRP: 36,620 (Nav, Pan roof, everything but AWD) Sell Price: 29,999 (includes 2k factory loyalty) Residual = 56% (24mos) Money factor = .0003 (.75%) $300 down + drive off costs (the 300 down payment was to come off drive off but they screwed up the paper work -- no big deal) Base payment = $398.14 I'm in Massachusetts so I'll have to add 5% sales tax and excise tax for a total payment of $439.00 Good luck.
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Replying to: ihatedealers (Aug 22, 2008 10:48 am)  . Don't forget to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new Edge  . Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Aug 28, 2008 2:03 am) I should explain why I am "Ihatedealers" -- I went to 3 different Ford dealers for quotes on the exact same MSRP/Equip Edge. I was quoted 3 different residual values ranging from 52% to 56% (24mo 10.5k) -- all in the same month within 4 days of each other. This website helped me determine the ballpark residual. I went with the dealer that gave me the highest. Anything under the true residual factor goes in the dealer's pocket. I hate the fact that they will look you in the eyes and LIE. If you are going to buy / lease a car -- this website is a MUST! PS - I still think I left money on the table.
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Replying to: ihatedealers (Aug 28, 2008 6:22 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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I am looking at an '08 Edge Limited, 13500k miles, 36 month lease....looking for a ballpark as to whether the dealer is full of 'you know what'. Here is what he sent me via email....any opinions would be GREATLY appreciated. My current lease is due and I really need a new vehicle. I like the Edge but I don't want to be taken. Thanks in advance! Selling price: z-plan 30635.65 Residule:43% Money factor: .25% Rebates: 1250+500=1750total The payment came out to 445 per month and a total out of pocket of 550. The mileage is 13500 per year for 36 months. Be careful because most of the other dealerships in the area are going with out side banks that charge disposition fees and other fees to lure you in and also pick apart you at termination. The normal disposition fee is around 500. at lease end. Our lease is a ford red carpet lease no hidden extras!!!! |
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