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Ford Edge Lease Questions

520 messages,  Last post on Nov 12, 2009 at 3:41 PM

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What is this discussion about? Ford Edge, Car Leasing, Car Buying, SUV

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#466 of 520 Re: My Edge lease deal [ihatedealers] by Car_man HOST Sep 05, 2008 (2:48 am)
Replying to: ihatedealers (Aug 28, 2008 6:22 am) You're very welcome. I'm glad that you like the forums so much. I'm not sure why these dealers quoted you different residual values for the vehicle that you are interested in. Unlike money factors and lease rates which dealers are often allowed to mark up, dealers are not allowed to alter vehicles' residual values. Perhaps there was some confusion surrounding the terms of the lease that you were interested in or the trim level of the vehicle that you wanted. Either way, I'm glad that everything worked out well for you.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#467 of 520 Is this decent? by norge003 Oct 30, 2008 (3:18 pm)
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!!!!
#469 of 520 08 and 09 EDGE SEL numbers? by morriru Nov 04, 2008 (12:48 pm)
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! Replies to this message: Car_man (Nov 04, 2008 7:33 pm) morriru (Nov 05, 2008 6:25 am) Car_man (Nov 06, 2008 5:39 pm)
#470 of 520 Re: 08 and 09 EDGE SEL numbers? [morriru] by Car_man HOST Nov 04, 2008 (7:33 pm)
Replying to: morriru (Nov 04, 2008 12:48 pm) Hi morriru. You've come to the right place. Through November 18th, Ford Credit's base lease rate and residual value for a 36 month lease of a 2009 Ford Edge SEL 2WD with 15,000 miles per year are 1.25% and 45%, respectively in most areas. I believe that he numbers for an otherwise identical lease of an '08 Edge are 0.25% and 41%.   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 Replies to this message: morriru (Nov 05, 2008 6:25 am) Car_man (Nov 06, 2008 5:39 pm)
#471 of 520 Re: 08 and 09 EDGE SEL numbers? [Car_man] by morriru Nov 05, 2008 (6:25 am)
Replying to: Car_man (Nov 04, 2008 7:33 pm) Seems like the residual has dropped SIGNIFICANTLY in the past few months...Is ford doing that badly or is it just the edge?   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? Replies to this message: Car_man (Nov 06, 2008 5:39 pm)
#472 of 520 Re: 08 and 09 EDGE SEL numbers? [morriru] by Car_man HOST Nov 06, 2008 (5:39 pm)
Replying to: morriru (Nov 05, 2008 6:25 am) You're right, morriru. It's not just Ford though, the residual values for almost all trucks have dropped significantly over the past several months. First the high gas prices and how the tight credit market / slowing economy have taken their toll on used vehicles' values.   $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
#473 of 520 by stines Nov 25, 2008 (2:15 pm)
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? Replies to this message: Car_man (Dec 01, 2008 4:27 am)
#474 of 520 Re: [stines] by Car_man HOST Dec 01, 2008 (4:27 am)
Replying to: stines (Nov 25, 2008 2:15 pm) Hi stines. How many miles per year does your lease allow? The highest mileage allowance that Ford Credit offers is 19,500 miles per year. So you are likely way over your mileage limit. The only way for consumers who are way over their mileage limit to avoid having to pay a large excess mileage penalty is to buy their vehicle at lease-end.   Used vehicle prices are falling at the most rapid pace that I have ever seen. Unfortunately, that means that your Edge's purchase option price is likely much higher than its current real world value. If I was in your position, I personally would place a call directly to Ford Credit a month or two before the scheduled end of my lease to see if they would be willing to negotiate my vehicle's end of term purchase price. When you call, don't mention that you are so far over your mileage limit. There's no guarantee that they will be willing to work with you, more often than not banks won't, but you don't have anything to lose by trying.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#475 of 520 Is this a good deal? by vball76 Feb 01, 2009 (3:12 pm)
2009 Edge Limited - Fully Loaded   MSRP 38,100 PRICE 34,087   Money factor: 1.25% Residual: 16,383   $2500 down payment (includes first month) $412.00+tax for 38 months 12K   This came from a dealership in Los Angeles.   Opinions on this deal? Replies to this message: ihatedealers (Feb 02, 2009 6:31 am) vball76 (Feb 02, 2009 1:57 pm)

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