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SUVs Ford Edge Ford Edge: Lease Questions
520 messages, Last post on Nov 12, 2009 at 3:41 PM
You are in the Ford Edge Forum. Your Hosts are steve_ & tidester
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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. |
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Replying to: elliemaej (Jun 16, 2009 7:27 am) 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 Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jun 29, 2009 4:44 am) 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.
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Replying to: elliemaej (Jul 03, 2009 3:48 pm) 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 Host Prices Paid: Buying & Leasing Experiences Forum |
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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!
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Replying to: chornie (Sep 29, 2009 6:55 pm) 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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Replying to: Car_man (Oct 02, 2009 2:33 am) 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.
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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.
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| I forgot to mention that the 49% residual in the previous quote was based upon 10,500 miles per year. | |
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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. Thanks!
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