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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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Just picked up my EDGE yesterday. SEL+awd Black with charcoal leather. Vistaroof, rear sensors, audiophile sound, rear cargo management, and all-weather floormats. MSRP 34,485. Selling price 32,365 36 mos, 15k/year res 51 lease rate .5% $0 down $0 due at signing $487/mos. Would of liked a lower payment but they came up on my trade, so I actually walked away with some extra money in my pocket. Love the vehicle! I was originally looking at the Mazda CX-9 but availability was frustrating. Really didn't need the third row of seats. Went back and looked at the Edge.... glad I did!! Only complaint is that it was nice and clean till the birds in my neighborhood decided to "Hit" me a few times.
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First of all i would like to thank CARMAN and Carspace as it does a great service. THANK YOU! here's my deal: 2007 EDGE AWD SEL+ Pewter clearcoat w/trailer tow package,all weather mats,vista roof,rear cargo system,18" chrome clad wheels,reverse sensors,sirius sat for 6 months,audiophile 6 cd 9 speaker upgrade MSRP 34,835 LEASE 36 MONTHS/ 12K MILES Residual 53% or $18,463 Interest rate .5% or money factor .0002083 Selling price 33,000 (their invoice was $32,948, X-plan $32,891--$ 400 or so higher than edmunds invoice price of $32,489 because of FDAF/LMDA ASSESSMENT ? which i believe is advertising related?) Cap Cost Breakdown: 33,000 + $ 595 Acquistion fee +$ 1111 Tax -$ 1250 Ford Lease cash -$ 1090 Cash down $32,366 Cap cost (32,366- 18463=$13903 divided by 36 months= $386 a month (32,366 + 18463 = 50,829 x .0002083 = $10.59 $386 +10.59 --------- $396.59 A MONTH First month's payent 396 + tire 7.50+ title 365 + 141 doc fee = $910 + 1090 cash down = $2,000 at signing. I know they advise to put 0 money down but in my head i want a payment under $400 a month! This deal also included dealer taking back my 2004 mountaineer with 1 payment of 338.00 left and also had an add-on of $495 Appearance Package which entails pinstriping and extra door and wheelwell moldings. (which does make it look sharper) Overall a pretty good experience, dealer let me take car home overnight to throw wife and kids in it. Went back and forth the next day with G.M. and finally hammered out the deal. I'M satisfied and THE EDGE DRIVES GREAT. I HOPE this info will help others as i know i checked this site quite often. I'll post a review on edmunds after 1, 000 miles . PEACE.
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| I have been checking out this forum for awhile. I leased my Edge on April 27th and got a GREAT deal. Some of you guys could have/should have done better. The last 2 posts especially make me feel like I totally robbed my dealer blind. Edge SEL Plus, MSRP $32,690. 36 month lease, 10,500 miles per year, nothing down except 1st payment, $349 per month. The 12,000 miles per year would have been around $12 more. Still, I think some of you guys should have held out a little longer and got a better deal. Especially the guys who put cash/trade money down. The last poster's deals would have been pretty good if he wouldn't have put any money/trade down. To each his own, personally though, I wouldn't pay more than $400 per month on any Ford Edge. I love it for what I paid for it, but let's face it guys, you could lease a BMW X3 for about $425-$450 per month. | |
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Replying to: chuck68516 (May 09, 2007 6:07 pm) Look at the fine print in some of those BMW lease adds... 4k down and only 10k miles a year. not gonna work for someone who needs 15k and doesn't want to put anything down. Me, I'll take the cash back and pay off my college loans! But like you said to each his own. |
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Replying to: chuck68516 (May 09, 2007 6:07 pm) $324+ $9.5(.5 interest)=333.50 say tax = 6%(? may be higher)=$20= $353.50 plus where are your motor vehicle fees at? somethings askew? BUT HEY I'M HAPPY WITH MY DEAL! PEACE |
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Replying to: rwheiler (May 10, 2007 6:26 am) If you need someone to explain how not to get  #$%*-ed let me know. I'm glad you are happy with your deal, I WASN'T attacking your deal, just saying because of deals like your's, I am EVEN HAPPIER with my deal.
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Replying to: rwheiler (May 10, 2007 6:26 am)
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Replying to: chuck68516 (May 10, 2007 1:49 pm) |
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MSRP = $32,690 Gross Cap Cost = $28724.84 Residual = $17,325.70 (53%) Aqusition Fee = $595 Depreciation = $11,399.14 Rent Charge = $342.98 Total of Base Payments = $11,742.12 Lease Payments = 36 Base Payment = #326.17 Sales Tax = $22.83 Total Payment = $349.00 Total of ALL Monthly Payments = $12,564.00 I asked the dealer if he could beat another dealer's price quote of $349.22 on a similar vehicle. This is the deal that I got. THEY BEAT IT BY $0.22. The numbers are weird because they were trying to beat the $349.22. They have to be to get a payment of EXACTLY $349 and NO CENTS. What's the mystery? |
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Car Man: Is it possible to get both the $750 lease cash and the $500 marketing support figured in to a lease on a new Edge?
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