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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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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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Replying to: stines (Nov 25, 2008 2:15 pm) 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 |
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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? 
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Replying to: vball76 (Feb 01, 2009 3:12 pm) Did you build and price the car in Edmunds? This will give you the invoice and average price people are paying.. Good luck.
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Replying to: ihatedealers (Feb 02, 2009 6:31 am)
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CarMan, Do you know the current numbers on a 2009 Ford Edge SEL 24 & 36 month leases for 10,500 miles per year? Thanks
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Replying to: indianajohns (Mar 01, 2009 9:32 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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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.
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Replying to: elliemaej (May 13, 2009 5:17 pm) I only mentioned the 36 month numbers because Ford is no longer providing support on 24 month leases. In addition to this special lease rate, I believe that Ford is currently providing a $1,000 cash incentive on leases of this model in your area. Make sure to take this cash into account when negotiating the capitalized cost for the Edge that you're interested in. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (May 15, 2009 2:30 am) Now I need to dig out my old lease spreadsheets from my as last least and plug in the new numbers. Thanks again.
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