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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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#511 of 520
Re: Lease Questions [rockymtnwulf] by jayrider
Oct 23, 2009 (12:35 pm)
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Replying to: rockymtnwulf (Oct 22, 2009 9:27 pm)

Price the lease at 36 months -- no need for a extra warranty and you won't have to pay car registration at 36 months for the year when you only have it for 3 months
#512 of 520
Re: Lease Questions [chuck68516] by cey1
Oct 23, 2009 (2:11 pm)
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Replying to: chuck68516 (Oct 23, 2009 11:34 am)

What city are you in?? I have been quoted over $500 a month for a similar lease with Z plan pricing. Does your price include a down payment?
#513 of 520
Re: Lease Questions [wnuk] by rockymtnwulf
Oct 25, 2009 (5:10 am)
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Replying to: wnuk (Oct 23, 2009 8:29 am)

A and Z Plan pricing is a tad better than X Plan pricing.
No money down.
Rebates are applicable just like X Plan pricing.
Sales tax is 6% here.
 
I called the dealership and told them to forget it. I just don't get it, the way the market is - why are they still playing their damn games. It is getting annoying.
 
This dealership is about 40 miles from me. There is a dealership extremely...A LOT closer - a couple of miles away. I went to them first and I was told...
 
A Ford Edge lease is approximately $700 - $800 per month. They told me it is that high because Ford is not in the leasing business and rather you finance the vehicle than lease. So Ford keeps their lease rates high to prevent people from leasing.
 
WTF?!?!
 
I have a car - a fairly new one. I want (don't need) a bigger and more comfortable ride. The Edge met my needs but I will not play their games and I really don't feel like playing these games anymore.
#514 of 520
Re: Lease Questions [cey1] by rockymtnwulf
Oct 25, 2009 (5:11 am)
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Replying to: cey1 (Oct 23, 2009 2:11 pm)

The same with me - $536 is the lowest I have been quoted.
#515 of 520
Re: Lease Questions [chuck68516] by rockymtnwulf
Oct 25, 2009 (5:13 am)
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Replying to: chuck68516 (Oct 23, 2009 11:34 am)

Did you put any money down?
 
Was any extras thrown in such as Wear Care, Acquisition Fee?
#516 of 520
Re: Lease Questions [rockymtnwulf] by wnuk
Oct 25, 2009 (9:10 am)
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Replying to: rockymtnwulf (Oct 25, 2009 5:10 am)

rockymtnwulf:
 
Just by getting rid of the wear care and using 6% sales tax I come up with a payment of $481.17 per month. Funny you should mention about the first Ford dealer you went to. First thing- he is badly mistaken and sounds like he just doesn't want to deal with leasing a vehicle. Secondly, I went to a Ford dealer on Tuesday this past week to get leasing prices on an Edge he had on the lot. I still have yet to hear back from him. A dealer like that won't get my business. I agree with you, as bad as it is in the auto industry right now, I'm amazed how some dealers still treat people. With the advent of the internet, so many more people are educated on car buying yet dealerships still come up with some crazy numbers sometimes.
 
On the other hand- I have also been getting lease prices from Chevy dealers on a new Traverse. Two dealers have been bending over backwards to get me the numbers I want- once they realized I can calculate my own figures using their pricing, residual, and money factors. Heck, I just had a sales manager yesterday admit to me he didn't know chevy was leasing again and he e-mailed me this morning (Sunday morning mind you) saying he is calling GMAC on Monday to get all their leasing info, he doesn't even have it. He did tell me that if the numbers I gave him are correct (they are based on another dealer I'm working on), he should be able to do the deal I'm looking for.
#517 of 520
Re: Lease Questions [wnuk] by wnuk
Nov 09, 2009 (10:57 am)
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Replying to: wnuk (Oct 25, 2009 9:10 am)

Just a heads up: I was qouted the follwing information today on an Edge SEL AWD here in the Northeast Region-
 
27 Month lease rate with 10,500 miles per year
Residual of $53%
Money Factor is .0001 (.25%)
$2250 Red Carpet lease rebate
 
36 Month with 10,500 miles per year jumped to
Residual of 50%
Money Factor of .00166 (4%)
$2250 Red Carpet lease rebate.
 
I asked about the rebate as Edmunds.com is showing this additional rebate:
"$1,000 Promotional bonus cash is available towards the purchase of a new 2010 Edge. May be combined with other cash programs, APR or lease specials."
 
edmunds rebates
 
I was told there is nothing showing on Ford's end about this, only the $2250 Red Carpet Lease rebate. Anyone have any idea or knowledge of the $1000 rebate being shown on edmunds?
#518 of 520
Re: Lease Questions [wnuk] by stoopy
Nov 11, 2009 (12:30 pm)
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Replying to: wnuk (Nov 09, 2009 10:57 am)

The only other rebates I am aware of for the Edge would be $500 Military, $500 Police Union, and the Red Carpet Lease Renewal rebate of $1500. The latter is why I went with the Edge. When I turned in my leased 2007 F-150 I got $3750 total in rebates and $2700 trade-in value for my truck which had only 15,000 miles on it. Also got a heckuva sale price too. Dealer went invoice minus half the holdback, basically $500+ under invoice price. I went for the 27 month as it was really cheaper than the 36 month. I walked out of there with a 2010 Edge SEL AWD, 10,500 per year, 27 months, only first payment due, $293 a month including sales tax.
#519 of 520
Re: Lease Questions [stoopy] by wnuk
Nov 12, 2009 (11:34 am)
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Replying to: stoopy (Nov 11, 2009 12:30 pm)

Sounds like you got a heck of a deal. Hope you enjoy it. What color and options does it have? The $2250 rebate I was refering to is listed in this link:
edge rebates
 
It looks like you got $1500 for being a current Ford leasee, but shouldn't you still have got the $2250 Red Carpet lease rebate too? The $1000 rebate here on Edmunds still gets me though: It's Ford's program number # 11736 I believe. The way Edmunds has it written implies (to me at least) you can use the bonus cash toward a lease too. At any rate, enjoy your new Edge!
 
edit: I just noticed that link I gave above defaults back to the Taurus rebates. Just change the selection to Edge instead.
#520 of 520
Re: Lease Questions [wnuk] by stoopy
Nov 12, 2009 (3:41 pm)
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Replying to: wnuk (Nov 12, 2009 11:34 am)

All of those rebates that have the word "RETAIL" in them are solely for purchasing the vehicle. They will not be available for leases. You can still get the military or police $500 rebates and a $1500 Red Carpet Lease renewal on top of the $2250 Red Carpet Lease Cash. I got $3750 total, $2250 RCL Cash and $1500 RCL Renewal.
 
That is standard across the board. If any rebate has the word "RETAIL" in it, you cannot use it on a lease.

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