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Ford Edge Lease Questions

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Comments

  • jayriderjayrider Posts: 3,194
    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
  • cey1cey1 Posts: 2
    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?
  • 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.
  • The same with me - $536 is the lowest I have been quoted.
  • Did you put any money down?

    Was any extras thrown in such as Wear Care, Acquisition Fee?
  • wnukwnuk Posts: 40
    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.
  • wnukwnuk Posts: 40
    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?
  • stoopystoopy Posts: 105
    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.
  • wnukwnuk Posts: 40
    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.
  • stoopystoopy Posts: 105
    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.
  • 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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 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
    Host
    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.
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