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Ford Edge Lease Questions

517 messages,  Last post on Nov 09, 2009 at 10:57 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#484 of 517
Re: 2009 Edge LTD [elliemaej] by Car_man HOST
May 18, 2009 (1:48 am)
Reply

Replying to: elliemaej (May 15, 2009 3:52 am)

No problem elliemaej. Unfortunately, in general the residual values that are available today are not as attractive as the ones that were available several years ago. For a period of a number of years, banks were overestimating vehicles' future values. Things started to get bad when gas prices exploded last summer, which took their toll on the resale value of all trucks. As the recession began to grip the economy this weakness in resale values gripped all used vehicle prices. The banks that are heavily involved in leasing are being forced to take huge charges for their residual value exposure. As a result, they are much more conservative today with their resids.
 
Good luck in your quest for your new ride. Let us know if you have any other questions and how things turn out.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#485 of 517
Re: 2009 Edge LTD [Car_man] by elliemaej
Jun 02, 2009 (5:21 pm)
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Replying to: Car_man (May 18, 2009 1:48 am)

Hi Car Man, I was wondering if you know if the rates and residuals have changed now that we are in June. It seems that the incentives have gone up.
The stock of Edges is pretty high in my area so I am hoping for a good deal.
If you could give me the rate and residuals for 36/12k for the SEL and Limited Trims in both AWD and FWD, that would be great.
#486 of 517
Re: 2009 Edge LTD [elliemaej] by Car_man HOST
Jun 05, 2009 (3:04 am)
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Replying to: elliemaej (Jun 02, 2009 5:21 pm)

Hi elliemaej. I have seen Ford's June lease program. Unfortunately, it varies by region. For now I will take a stab in the dark and guess that you are in the NY area. Let me know if you want the program for somewhere else.
 
Ford Credit's current base lease rate and residual value for a 36 month lease of a 2009 Ford Edge SEL or Limited AWD with 12,000 miles per year in its NY region are 1.25% and 44%, respectively. The numbers for an otherwise identical lease of an '09 Edge SEL or Limited FWD are 1.25% and 43%.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#487 of 517
Re: 2009 Edge LTD [Car_man] by elliemaej
Jun 16, 2009 (7:27 am)
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Replying to: Car_man (Jun 05, 2009 3:04 am)

Thanks CarMan, I do believe that CT falls into the NY area but not 100% sure. I have notice lately that 2010 models are showing up in the online inventory of some dealers. Have any 2010 lease rates been announced yet?
#488 of 517
Early Bird Lease return by elliemaej
Jun 22, 2009 (5:12 pm)
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I received an postcard from Ford stating that I can return my lease early (2 months).
When I went to the dealer today to discuss my options, he stated that mileage would be prorated. For some reason,I was under the impression that they didnt do that. Can anyone confirm this to be true?
My only reason for returning the car early was to avoid the over mileage fees.
I will wait until the end of my lease and pay it then.
#489 of 517
Re: 2009 Edge LTD [elliemaej] by Car_man HOST
Jun 29, 2009 (4:44 am)
Reply

Replying to: elliemaej (Jun 16, 2009 7:27 am)

You're very welcome, elliemaej. Yes, Ford actually just introduced a special lease program on the 2010 Edge late last week.
 
Ford Credit's current base lease rate and residual value for a 36 month lease of a 2010 Ford Edge SEL or Limited AWD with 12,000 miles per year in its NY region are 3.25% and 46%, respectively.
 
Ford is currently providing a $1,000 cash incentive on leases of this model.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#490 of 517
Re: 2009 Edge LTD [Car_man] by elliemaej
Jul 03, 2009 (3:48 pm)
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Replying to: Car_man (Jun 29, 2009 4:44 am)

Thanks for the info CarMan. I ended up with an '09 SEL w/ Sync, Auto Lift gate, Leather and Sun Roof.
X-plan price. The dealer took back my lease 2 months early ('07 Edge SEL +, 24 month)and they ate my overmileage.
I ended up buying because the leasing was not very attractive (compared to 2 years ago). I was able to get the 0% for 60 months.
I am happy with my new Edge, so far. Not too many changes from the '07.
#491 of 517
Re: 2009 Edge LTD [elliemaej] by Car_man HOST
Jul 06, 2009 (2:06 am)
Reply

Replying to: elliemaej (Jul 03, 2009 3:48 pm)

No problem, elliemaej. Thanks for letting us know how everything turned out. It sure sounds like the dealer bent over backwards to get you into a new Edge. If you had a pleasant dealer experience, you can tell others about it over in the Dealer Ratings & Reviews section of this site.
 
You can't argue with 0% financing for 5 years. If I was in the market for an Edge, that's probably the way that I would go. Enjoy your new ride !
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#492 of 517
2010 Edge Lease Rates by chornie
Sep 29, 2009 (6:55 pm)
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Would like to know what the current Ford Red Carpet Lease money factor and residual values are on a 2010 Edge SEL and Limited, both AWD. Interested in a 24, 36 or 39 month lease with 10,000 miles.
 
Thanks!
#493 of 517
Re: 2010 Edge Lease Rates [chornie] by Car_man HOST
Oct 02, 2009 (2:33 am)
Reply

Replying to: chornie (Sep 29, 2009 6:55 pm)

Hi Ford's lease program for the Edge was originally scheduled to run through October 5th, however I heard a rumor yesterday that it is going to enhanced its lease offers on a number of vehicles in the next day or two. I'll give you what the old program is like for now. Please feel free to check back with me in a day or two and I will give you an update on what the new program is like.
 
Ford Credit's base lease rate for a 36 month lease of a 2010 Ford Edge SEL or Limited AWD were anywhere from 0.5% to 3.75%. The exact rate depends which one of Ford's myriad of regions you are in. Let me know what state you live in and I can tell you the exact rate that is available in your area. Ford Credit's 36 month, 10,000 mile per year residual value for this truck was 49%.
 
The numbers for an otherwise identical 39 month lease were 0.75% to 4.0% and 47%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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