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Ford Edge: Lease Questions

520 messages,  Last post on Nov 12, 2009 at 3:41 PM

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What is this discussion about? Ford Edge, Car Leasing, Car Buying, SUV

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#498 of 520 2010 Ford Edge SEL AWD Lease Rate by chuck68516 Oct 13, 2009 (1:19 pm)
Car-Man,   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. Replies to this message: chuck68516 (Oct 15, 2009 9:54 am) chornie (Oct 15, 2009 10:13 am) chuck68516 (Oct 15, 2009 11:10 am) and 1 more...
#499 of 520 Re: 2010 Ford Edge SEL AWD Lease Rate [chuck68516] by chuck68516 Oct 15, 2009 (9:54 am)
Replying to: chuck68516 (Oct 13, 2009 1:19 pm) 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? Replies to this message: chornie (Oct 15, 2009 10:13 am) chuck68516 (Oct 15, 2009 11:10 am) chornie (Oct 15, 2009 2:05 pm)
#500 of 520 Re: 2010 Ford Edge SEL AWD Lease Rate [chuck68516] by chornie Oct 15, 2009 (10:13 am)
Replying to: chuck68516 (Oct 15, 2009 9:54 am) Wow!   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. Replies to this message: chuck68516 (Oct 15, 2009 11:10 am) chornie (Oct 15, 2009 2:05 pm)
#501 of 520 Re: 2010 Ford Edge SEL AWD Lease Rate [chornie] by chuck68516 Oct 15, 2009 (11:10 am)
Replying to: chornie (Oct 15, 2009 10:13 am) 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. Replies to this message: chornie (Oct 15, 2009 2:05 pm)
#502 of 520 Re: 2010 Ford Edge SEL AWD Lease Rate [chuck68516] by chornie Oct 15, 2009 (2:05 pm)
Replying to: chuck68516 (Oct 15, 2009 11:10 am) 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!
#503 of 520 Atlanta area by cey1 Oct 17, 2009 (7:34 am)
Does anyone know what the residuals and rate are in the Atlanta Area for a SEL? Also what are the incentives?
#504 of 520 2010 SEL AWD by wnuk Oct 20, 2009 (4:53 pm)
Anyone know what the residual and money factor for an SEL AWD in Northeast Pennsylvania are? Also- Ford has so many incentives and I'm not sure which are available on their Red Carpet Leases. Would like to know for both 27 and 36 month leases. Thanks
#505 of 520 Re: 2010 Edge Lease Rates [chornie] by Car_man HOST Oct 22, 2009 (1:50 am)
Replying to: chornie (Oct 02, 2009 7:39 am) Hi chornie. I believe that the 3.75% rate is the one that is available in your area.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#506 of 520 Re: LEASE RESIDUALS/PAYMENTS [varick222] by Car_man HOST Oct 22, 2009 (1:52 am)
Replying to: varick222 (Oct 06, 2009 5:22 am) Hi varick222. I can indeed confirm that the lease rate and residual value that you were quoted are correct.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#507 of 520 Re: Ford Edge Lease Question. [kinng] by Car_man HOST Oct 22, 2009 (2:02 am)
Replying to: kinng (Oct 07, 2009 7:36 pm) Hi kinng. In order to determine whether you should purchase your vehicle at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your car or truck's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.   As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values".   If your vehicle's purchase price is less than or similar to its current value on the open market then you may want to consider buying it. If not, walk away.   As far as how much a similar new Edge would cost to lease, I would be happy to work up a sample lease payment for you if you provide me with the MSRP and approximate selling price of the truck that you're interested in. You can find that information over in the New Vehicle Pricing section of Edmunds.com.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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