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SUVs Ford Edge Ford Edge: Lease Questions
520 messages, Last post on Nov 12, 2009 at 3:41 PM
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I'm trying to find the Residual, Money Factor, and any applicable rebates for the 08 and 09 Edge SEL or Limited. I live in Dallas, TX currently, and can't seem to find these numbers anywhere online...or I'm just looking in the wrong location (most likely the case!) Thanks!
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Replying to: morriru (Nov 04, 2008 12:48 pm) As you can see, Ford credit publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. I don't believe that Ford is currently providing any cash incentives on leases of the '09 Edge in your area, but it does have $4,000 on the '08 Edge in its Southwest region (I believe that is where Dallas resides). Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Nov 04, 2008 7:33 pm) I got a quote from a local dealer here with these numbers late last night: $30,215 msrp $28,899 internet price 15k miles per year 39 month lease 39% residual First month's payment would be due at lease inception and with TX TT&L rolled into the total, the per/month payment would be $512...seems kinda high to me. Opinions?
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Replying to: morriru (Nov 05, 2008 6:25 am) $500 per month is way too much money to pay for an Edge. Not to mention the fact that it's not worth it to lease any vehicle that has a sub-40% residual value. If this deal was offered to me, I'd pass. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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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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