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Ford Edge Lease Questions

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  • I am looking at an SEL AWD 27 months 12miles a year..with Navigation. What is the residual and money factor?
  • Hey Car_Man

    Looking to get lease info on the following Ford Edge

    2010 Ford Edge Limited AWD
    Rapid Spec 302A(Roof,NAV,power gate)
    MSRP:$39,485

    I am looking for a 36/39mo lease with 12k miles per.

    I already got the card for the $1000 promotion. I was going to use that towards some of my remaining lease payments. I think there is another $3000 to be had in rebates.

    What is the MF and Residual on this vehicle so I know what ballpark to be looking in.

    I was quoted $537/mo for 39 months with $2,847 at signing. This includes burying $1100 in payments(2 payments) into the lease. I think it is a little on the high side.

    The zip is 11787.

    Thanks

    Joe
  • cpamancpaman Posts: 42
    Where in the northeast did you get this quote? i was quoted a MF of 1% on the 27 month lease and a 4.25% on the 36 month lease here in CT
  • peet1peet1 Posts: 1
    In Chicago western suburbs, 7.25% tax rate...

    a supposed 52% residual (12k miles, 27 months) 0.25% rate

    Same config (AWD, Limited, 302A)

    Was quoted $578/month AND, I have an Xplan PIN to boot. What is going on?

    Doing a "build and configure" on the Ford site, at MSRP which is what their system is using I get only as high as $478. Even adding in my local taxes $578 is way off base and I am doing the cap price using Xplan.

    To top things off, there is $2750 red carpet lease money available somewhere.

    Please help - time is running out, all these programs wrap up 1/4.

    Thanks!
  • oreore Posts: 4
    My info:

    Leased a 2010 Ford Edge from a Los Angeles dealership over the weekend. 27 mo. lease with $2,000 down and 399+ tax per month for an SEL. I went into the dealership expecting to pay $383/mo. but they did their magic and got me up to $399. They did throw in all service and maintenance.

    This car is for my wife so I also took their added protection for $450 which covers us up to $2,500 at lease end. We are returning her Volvo C70 and the damage there is about $1,800 so this is a no brainer. The scratched rims is where they got us on that one...

    We also have free rental cars at any ford dealership when the car goes into service. I feel as though the price is good - any pointers for next time will help.
  • Hi wease944. Ford's lease program varies depending upon which one of its myriad of regions one is in. If you let me know what state you live in I can be more specific about this truck's numbers.

    Through January 11th, Ford Credit's base lease rate for a 27 month lease of a 2010 Ford Edge SEL AWD with 12,000 miles per year is anywhere from 0.25% to 1.0%.

    Ford is scheduled to introduce its new January programs next Tuesday.

    Car_man
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  • Hi Joe. Looking at your username, I take it that the 11787 zip code is in New York.

    Through January 11th, Ford Credit's base lease rate and residual value for a 36 month lease of a 2010 Edge Limited AWD with 12,000 miles per year are 2.0% and 50%, respectively.

    The numbers for an otherwise identical 39 month lease are 2.25% and 48%.

    As you can see, Ford publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published rates into approximate money factor equivalents by dividing them by 2400.

    Ford is currently providing a solid $4,000 cash incentive on leases of the 2010 Edge in its New York region.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • meg15meg15 Posts: 5
    Can somebody let me know if the pricing in US and Canada are similar now days or is it still worthwhile to go to US to purchase this car. Please help me to decide and share your experience :mad:
  • meg15meg15 Posts: 5
    Can somebody let me know the price you pay now in NY for the car?? :)
  • I live in New Jersey (zip code 07410) and I was looking for a 2010 Ford Edge SEL AWD with a moon roof, cloth interior is ok but I might have to get leather to have the moon rook and a tan interior. I wanted to put down $500 and to lease for 24 to 36 months with 12,000 miles a year. What should I be paying for that lease? I have to trade in an Aucra and one dealer already said that they would pay off my balance owed on the loan.
  • I live in New Jersey and I want to lease a Ford Edge SEL AWD with a moonroof for 24 to 36 months with 12,000 miles a year. What should I pay per month for this lease?
  • I live in New Jersey (zip code 07410) and I was looking for a 2010 Ford Edge SEL AWD with a moon roof, cloth interior is ok but I might have to get leather to have the moon rook and a tan interior. I wanted to put down $500 and to lease for 24 to 36 months with 12,000 miles a year. What should I be paying for that lease? I have to trade in an Aucra and one dealer already said that they would pay off my balance owed on the loan.
  • Hi carolh. I would be happy tot use Ford's actual lease program to work up a sample lease payment for you on the Edge that you are interested in. I just need you to provide me with this vehicle's full MSRP and approximate selling price, or at least its MSRP and dealer invoice price first. You can find this pricing data over in the New Vehicle Pricing section of Edmunds.com.

    Let me know and I'll crunch some numbers for you. Thanks.

    Car_man
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  • I leased a 2010 Edge SEL AWD with Vista Roof back in October for $297 for 27 months with nothing down. I was able to get $1500 for Red Carpet Lease Renewal in addition to the other rebate.
  • user1100user1100 Posts: 3
    Looking to lease 2010 Ford Edge Limited 4dr Front-wheel Drive MSRP 36,866 net cost $31427 in los angles. Wanted to know what the best lease price is for 24 months lease with 10,000 miles a year with minimal drive off. Have never leased Ford so have no have no idea about residual or money factor for these cars any info would be greatly appreciated. Also would like to know if it is worth it to wait and get the new 2011 Edge, thank you.
  • kam41765kam41765 Posts: 1
    My lease on my '07 MKZ AWD is coming to an end and I am looking at a '10 MKZ AWD.

    What are the current lease rate and residual for a 2010 MKZ AWD @ 19,500 miles/year?

    24 month
    36 month
    39 month

    Also any know incentives not published? I know of the $2750 RCL Cash that runs out 4/5 with the Launch Event

    I am looking to make a move before the incestives expire.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings user1100. First let's take a look at what this vehicle's lease program is like in your area, then we'll work up a sample payment on it for you.

    According to the latest information that I have seen, Ford Credit's base lease rate and residual value for a 24 month lease of a 2010 Edge Limited 2WD with 10,000 miles per year in the Los Angeles area are 2.75% and 53%, respectively.

    Using these numbers, an MSRP of $36,866, and a selling price of $31,427 I estimate that this truck's zero down, pre-tax monthly payment would be around $554. Ouch.

    If you really want to lease an Edge, you need to negotiate a lower selling price. Ford is currently providing a whopping $5,500 cash incentive on leases of the '10 Limited model in your area. You should be able to get that entire amount taken off of the truck's price plus negotiate a decent dealer discount on top of that.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited March 2010
    Hi kam41765. This is a better question for the "Lincoln MKZ Lease Questions" discussion. I'll post the information that you're looking for over there. Thanks,

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • lenamaclenamac Posts: 3
    Hi:

    I have never leased before and am strongly considering doing so but not sure what to expect as far as the payment/price/term/miles that I can get. I am most interested in a 2010 Ford Edge SEL. 3 years 36k miles. I would prefer leather interior and moonroof features. I would like to enter in to this with no down payment or first payment requirements. What would be the best options for me for my area. I am in Atlanta, GA 30144.
  • lenamaclenamac Posts: 3
    These are the numbers a car saleman sent back to me on leasing a 2010 ford edge SEL with Vista sunroof. I am wanting know what is a negotion point for me. I live in Atlanta, GA. I reviewed this car on www.truecar.com and it estimated its value to be around $31700 and that is fully loaded. Would I respond back to him with the price I am willing to pay and ignore the MSRP. This is my first time considering a lease so I am quite green.


    36 Mo/36k w/$0 due @ signing = 628 + Tax

    MSRP: 37395

    Residual: 48%

    Money Factor: 5.25
  • bgk99bgk99 Posts: 24
    That's what the Dealer in Woodland Hills, CA just mentioned. Anyone else hear of this? I know they're trying to jettison the 2010 because the re-designed (and better upgraded) 2011 are right around the corner.

    Is this on the STICKER or could you make a killer deal on the INVOICE minus the 5500 - just wondering
  • lenamaclenamac Posts: 3
    I was advised that the Cash incentives were off the MSRP. Granted, this information came from a salesmen.
  • jtg22jtg22 Posts: 3
    i got a call from the so cal dealership i leased my car from. 07' Edge. Lease up in in a few months. He said they are offering $7k off another car as part of a loyalty program if i sign up for a new lease. i still have a few payments left on my current lease and he said i'd have to pay that off but the rebate they are offering makes up for that. are you familiar with this loyality program? good deal or should i just wait till my lease is up to re-sign? thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Cash incentives are typically entirely paid for by manufacturers. As a result, they should not have any impact upon your ability to negotiate a discount with dealers. Shop around for the lowest possible selling price on the Edge that you are interested in stipulating that any available cash incentives will be deducted from that. Either that or just look up the invoice price for the exact vehicle that you want right here at Edmunds.com, subtract any available cash incentives, and add a couple hundred dollars to that to arrive at a target price to shoot for in your negotiations.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • rwheilerrwheiler Posts: 15
    I'm at the end of my 36 month lease 2007 Edge SEL AWD Loaded...Residual Value on contract is 18,400,Edmunds TMV range from 21k to 23.5k (miles are 34.5k and excellent condition).My wife loves the car so I'm gonna buy..The sales Guy says they charge $595 fee to do buyout paperwork( new tags also extra)...NO WHERE ON MY LEASE does it say this...I'm not paying $595 for them to fill out a form.I have financing line up elsewhere.Any Help?..Is this fee BOGUS?
  • mspeed6mspeed6 Posts: 1
    hi car man, based on 39 month lease
    this is what i was offered from a new york ford dealer.
    2010 ford edge with awd,202A option.
    $35,815 MSRP.got the car down to 29,000, now the kicker.
    $2,459.91 out of pocket tax, title, tags and i believe first month.
    $97.50 doc and tire
    money factor of 5.25 is this guy nuts? with 42% residual
    $545 a month
    also was told $4,920 out of pocket @ 420 a month
    can you give me some real world numbers car man.
    thank you
  • steevosteevo Posts: 339
    edited April 2010
    Without even running the numbers... You could walk into an Acura dealer tomorrow and leave with an MDX lease without even negotiating and be under 600 a month.
    Also, Nissan Murano with 15000 miles the residual is 54%. The low residual of the Ford is killing the lease.
    If you really like the Edge and are already willing to pay 550 a month, you should buy it forget about leasing a Ford unless they are offering super low money factors.
  • bgk99bgk99 Posts: 24
    Galpin on Roscoe can't be beat - Blew Vista near where I live away. Vista was 545 a month, that was "the best they could do".

    2010 Edge Limited
    Sticker 40,095
    3 year 31,500 mile lease (10,500 per year)

    This is what Galpin, over the internet negotiated.

    They took 1,000 off from a Ford friend (search the internet for a PIN #)
    They took 3,000 off for cash back
    They gave me an extra 2,500 off

    Total rebates: 6,500.00

    Then they took 2K off the cap cost (how, I don't know, maybe someone can tell me, but my paperwork says 37,734.92 on a 40,095.00 sticker)

    I put 2,600 down.

    The 40,095 car was now 30,378.33

    Leased for $475.00 per month

    Here's the out of pocket:

    First Mo Payment: 475.00
    Reg 514.00
    tire fee 8.75
    Upfront taxes 721.66
    DMV filing fee 29.00
    Doc Fee 45.00

    Residual value 19,243.20

    For the SAME car, Vista couldn't go below $545.00. Galpin did it for $475.00. Saved myself $2,520.00 over the course of the lease.

    I hope I did good.
  • chappschapps Posts: 1
    What features/packages did that 2010 Edge Limited have? Given that the price initially went up to $40K, I'm guessing it has the panoramic vista roof, leather seats (I think that's standard with the Limited) and nav system? I'm looking at about the same thing, and want to call Galpin for a similar quote.

    Thanks!
  • jtg22jtg22 Posts: 3
    is now a really good time to lease a 2010 Edge? my old lease is up so i've been getting quotes. $0 down, base model, no extras, 36 mo. 10.5k/mi yr. quotes are coming back around $355/mo (inlcuding tax). this is about $40-50 cheaper a month than the last time i got quotes 3 months ago. what has changed? Also, is it alway better to go with a 36 mo lease vs. 39 mo? any feedback is much appreciated.
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