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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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#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)
#476 of 520 Re: Is this a good deal? [vball76] by ihatedealers Feb 02, 2009 (6:31 am)
Replying to: vball76 (Feb 01, 2009 3:12 pm) Not sure what offers they have in Cal but in the Northeast, dealers are advertising about $8k off SEL trim. I don't see why they can't do that on a limited. Only $4k off MSRP seems weak -- I would fight for more.. Did you build and price the car in Edmunds? This will give you the invoice and average price people are paying.. Good luck. Replies to this message: vball76 (Feb 02, 2009 1:57 pm)
#477 of 520 Re: Is this a good deal? [ihatedealers] by vball76 Feb 02, 2009 (1:57 pm)
Replying to: ihatedealers (Feb 02, 2009 6:31 am) I ran the numbers through the True Value Pricing thing and it said that the our price is below the average paid in this area. We managed to get the deposit down another $500 for a total of $2000 down, but they won't budge any more on the deal. This was their final offer.
#478 of 520 Current Numbers by indianajohns Mar 01, 2009 (9:32 pm)
CarMan,   Do you know the current numbers on a 2009 Ford Edge SEL 24 & 36 month leases for 10,500 miles per year?   Thanks Replies to this message: Car_man (Mar 10, 2009 2:15 am)
#479 of 520 Re: Current Numbers [indianajohns] by Car_man HOST Mar 10, 2009 (2:15 am)
Replying to: indianajohns (Mar 01, 2009 9:32 pm) Hey indianajohns. Keep in mind that Ford's lease program often varies by region. The most widely available lease rate and residual value for a 36 month lease of a 2009 Edge SEL AWD with 10,500 miles per year are 0.50% and 47%, respectively. Ford is not currently offering support on 2 year leases.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#480 of 520 2009 Edge LTD by elliemaej May 13, 2009 (5:17 pm)
does anyone have residual and rates for 24/36 month 12k miles. I am in CT. My lease is up in the summer but I got a postcard to come back now and they will make the last 2 payments. Replies to this message: Car_man (May 15, 2009 2:30 am) elliemaej (May 15, 2009 3:52 am) Car_man (May 18, 2009 1:48 am) and 6 more...

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