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Last post on May 20, 2013 at 4:24 PM
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Ford Edge, Car Leasing, Car Buying, SUV
#649 of 778 Re: Lease Newbie [wallstreet1234]
by Car_man HOST
Mar 14, 2011 (4:41 pm)
Hi Steven. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2011 Edge SEL AWD with 12,000 miles per year in its New York region are 2.75% and 60%, respectively.
Generally speaking, most manufacturers' captive finance companies are fairly reasonable when evaluating the condition of vehicles at lease-end. That's not to say that you won't have to pay a penalty if your vehicle is in rough shape, but they usually aren't unreasonable. Most banks use independent inspectors to look at vehicles a couple of weeks prior to lease-end and you probably would have an opportunity to fix any issues on your own before turning your truck in.
Lessees are usually responsible for paying for maintenance out of their own pocket, unless the manufacturer offers free pre-paid maintenance as some sort of special promo. Having said that, outside of oil changes and tire rotation you really don't need to do anything on leased vehicles. I never do anything above and beyond that.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#650 of 778 Re: Edge Sport [njtechwarrior]
by Car_man HOST
Mar 14, 2011 (4:43 pm)
Hello njtechwarrior. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2011 Ford Edge Sport AWD with 12,000 miles per year in its New York region are 2.75% and 58%, respectively.
I don't believe that Ford is currently providing any cash incentives on leases of this truck in your area.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Mar 14, 2011 (6:36 pm)
Thanks Carman. Sorry I didnt think to ask this but can you post the 24 month (12k) MF and residual for the 2011 Edge Sport AWD V6 base?
Thanks again, really appreciate it.
Mar 15, 2011 (1:44 pm)
I did extensive shopping for a Limited model over the past few weeks, mostly on the internet. This is what i ended up with:
$485/month - $1250 down. 39 months. MF. 4%. Residual 54%. 15k miles.
Limited. 300A, sunroof, 20"s, and NAV. $38,280 sticker. $35,842 sale price, not including $1485 in rebates ($1000 conquest and $485 first month paid). Invoice was ~$35,452 so I figure I paid around $1100 under invoice. I had a number of other offers around $499 with between $1500-$2500 down. It would be difficult to list them all given that they all had slightly different options and different MSRP/invoice prices. I think $500 over invoice before rebates is a fair target right now. I could've found lower had I been more flexible with colors. The Amex Zag website is also a good starting point if you want to be flexible. Some smaller dealers in the area were offering even more attractive prices. The 39 month option lowered the payment by $10 too so that appears to be more attractive (residual drops 2% so I was told).
#653 of 778 Residual/Money Factor for a 2011 Ford Edge SEL
by scoli83
Mar 16, 2011 (2:13 pm)
What is the residual and money factor for a 2011 Ford Edge SEL with the navigation package, but no sunroof for a 36 month lease with 12k miles or a 39 month lease with 12k miles?
$2500 down
Thanks!
#654 of 778 Re: Residual/Money Factor for a 2011 Ford Edge SEL [scoli83]
by fordcustsrvc
Mar 17, 2011 (8:23 am)
Hi scoli83,
My name is Seni with Ford Customer Service. The information on MF and residual is currently available at your local dealer, as it varies state to state. However, we would also be happy to look up any lease incentives, in your local area. Please feel free to call the Ford Marketing Headquarters at 800-334-4375 at your convenience. You may also check out www.Ford.com/Incentives, for local incentives on all of your favorite Ford vehicles.
Seni
Ford Customer Service Division
#655 of 778 Re: Edge Sport [njtechwarrior]
by Car_man HOST
Mar 23, 2011 (5:46 pm)
No problem njtechwarrior. The numbers for a 24 month lease of a 2011 Edge Sport AWD with 12,000 miles per year in your area are 0.5% and 65%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#656 of 778 Re: My Edge [kona721]
by jchris2992
Mar 24, 2011 (12:44 pm)
Im looking to lease this same vehicle. I got a quote of $560 for a three year lease. Is your total payment $385.oo a month? Did you trade in a vehicle to get this price?
#657 of 778 Re: My Edge [jchris2992]
by skimco
Apr 02, 2011 (9:57 pm)
Hey Car Man,
Im ready to sign on a 2011 ford edge sle awd with leather rapid spec202a,panaramic roof,white tri coat, and all the standard features of course. Im an Xplan buyer so i was told the msrp. 37,435 came down to about 35,340 and they are telling me with a trade equity of 1-2k and with 0 down the pmts. will be 456. Sound Good???