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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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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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I'm trying to find the Residual, Money Factor, and any applicable rebates for the 08 and 09 Edge SEL or Limited. I live in Dallas, TX currently, and can't seem to find these numbers anywhere online...or I'm just looking in the wrong location (most likely the case!) Thanks!
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Replying to: morriru (Nov 04, 2008 12:48 pm) 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. I don't believe that Ford is currently providing any cash incentives on leases of the '09 Edge in your area, but it does have $4,000 on the '08 Edge in its Southwest region (I believe that is where Dallas resides). Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Nov 04, 2008 7:33 pm) I got a quote from a local dealer here with these numbers late last night: $30,215 msrp $28,899 internet price 15k miles per year 39 month lease 39% residual First month's payment would be due at lease inception and with TX TT&L rolled into the total, the per/month payment would be $512...seems kinda high to me. Opinions?
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Replying to: morriru (Nov 05, 2008 6:25 am) $500 per month is way too much money to pay for an Edge. Not to mention the fact that it's not worth it to lease any vehicle that has a sub-40% residual value. If this deal was offered to me, I'd pass. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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My husband drives about 23,000 miles a year for his business with the potential to travel more. We are currently in a lease contract with Ford. Is it less of a loss to continue leasing or to purchase outright? His boss just purchased a 2008 Tahoe (over $40,000). He has 30,000 miles on it already and looked at trading in and they told him it was only worth $25,000. I don't know how bad our lease will end up within the next 6 months, but what is the best option for us financially? Can you help?
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