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Ford Edge, Car Leasing, Car Buying, SUV
#493 of 777 Re: 2010 Edge Lease Rates [chornie]
by Car_man HOST
Oct 02, 2009 (3:33 am)
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%.
Prices Paid: Buying & Leasing Experiences Forum
#494 of 777 Re: 2010 Edge Lease Rates [Car_man]
Oct 02, 2009 (8:39 am)
Thank you Car_man!
I live in Cleveland, Ohio. I also posted on the Ford Flex thread as I am interested in rates for that vehicle as well.
I look forward to reading your next update.
#495 of 777 LEASE RESIDUALS/PAYMENTS
Oct 06, 2009 (6:22 am)
I am in NJ and have a quote of $ 490 per month for a 2010 SEL AWD with a sticker price of $ 36,500. The lease is for 27 months with no out of pocket money except sales tax and motor vehicle fees. The dealer said the interest rate is 1/2 % and the residual is 48%. This residual seems low since the previous posts state the 36 month residual is 49%. Can you confirm the current money factors and residual on the new 27 month program.
#496 of 777 LEASE RESIDUALS/PAYMENTS
Oct 06, 2009 (6:36 am)
I forgot to mention that the 49% residual in the previous quote was based upon 10,500 miles per year.
#497 of 777 Ford Edge Lease Question.
Oct 07, 2009 (8:36 pm)
Hi All and Car_Man,
The lease on my ford edge is up on the 11th of Oct. It was originally up on Aug 11 and I was able to get it extended for two months. The MSRP was 34265 and the buy out is $20,717. It has low miles and is in great shape. Lease payments were 440 a month.
We are desperately in need of a car and I have the following questions:
a) should I buy it out?
b) if not, would there be a similar car (SEL with premium package - vista roof and leather) that I can lease with no money down and approx 450 a month?
I look forward to any help. Please let me know if I can get into another lease at a similar rate or if this is worth buying.
If buying is better - do they negotiate on the end of lease purchase price? If so how much!
I cannot tell you how important this is. Appreciate anybody'd help in this matter.
#498 of 777 2010 Ford Edge SEL AWD Lease Rate
Oct 13, 2009 (2:19 pm)
Please post the current 2010 Ford Edge SEL AWD lease rate and residual on a 27 month lease for Omaha, Nebraska. Thanks for all the great info you provide.
#499 of 777 Re: 2010 Ford Edge SEL AWD Lease Rate [chuck68516]
Oct 15, 2009 (10:54 am)
I have a quote on a 2010 Ford Edge SEL with Vista Roof, Candy Red Tinted paint, Option 201A. MSRP is $35,670. Rebates are $3750. Trade equity $2762.26.
$298 per month for 27 months including 7% tax with only first payment due at signing. What do you guys think?
#500 of 777 Re: 2010 Ford Edge SEL AWD Lease Rate [chuck68516]
Oct 15, 2009 (11:13 am)
You better jump on it!
What area do you live in? I would like to know what interest rate and residual value they quoted you. I'm in the Cleveland, OH area and I was quoted WAY higher even with A Plan.
#501 of 777 Re: 2010 Ford Edge SEL AWD Lease Rate [chornie]
Oct 15, 2009 (12:10 pm)
In Omaha, Nebraska. Residual was 53% and lease rate was 0,25%. I had initially contacted the dealer where I leased my last Ford because they are the highest volume Ford dealer in the area. They offered me $200 under invoice. I sent an email to this dealer and they were WAAAYYY under invoice and he said $298 including tax. I will probably do it.
#502 of 777 Re: 2010 Ford Edge SEL AWD Lease Rate [chuck68516]
Oct 15, 2009 (3:05 pm)
Very nice residual and rate considering the times. That is the the best I've seen. Doing some calculations you are basically getting the A Plan price with great terms and all the rebates.
Here in OH it is 49% residual, 1.00% rate and higher tax...big difference!
Enjoy your new Edge!