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Ford Edge Lease Questions
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Comments
I've been quoted the following:
1250 cash down
+ my trade vehicle at $12000 (I owe 5600, and KBB says its trade in is 10,000)
will give me a payment of $250 for 36 months / 36,000 miles
with x-plan pricing
My credit is less than great at 630 (I was told this matters for some kind of ford tiers or something)
What should I look for before signing?
Thanks for any help.
Look $1250 + $6400 = $7650...that in my opinion and I don't know much is excessive to put down on a lease,specially on a vehicle that is at the end of the year 2007...what was the sticker price and what was the negotiated price before all this money came into play?.....there is a cash back from FORD I believe,don't remember how much...be careful and good luck to you
36 month/15,000 mile lease/residual 50%
MSRP - $34,369
Sale Price - $32,600 (or so, I chucked my worksheet, but it was 300 over the true invoice).
Less $1,000 dealer certificate. Adj Cap Cost $31,122. Residual $17,180. My only cash down was in lots of rebates, $1,000 swap, $750 Edge lease, $500 lease loyality, and $500 college grad (wife) or $2,750. All I paid upfront was tags, first payment, and $135 dealer "doc" fee totaling about $900. Payment including 7% New Jersey sales tax is $412 month X 36 months. With $2,750 rebates, $1,000 manufacturer to dealer cash, and discount, I got over $5,0000 off MSRP. Best yet, I turned in my 24 month RCL on another car and Ford picked up last 3 payments under early bird program.
Good luck and thanks again.
try the free calculator at leaseguide.com I think). See my post for my #s
I think you got ripped off by your salesman.
Last week I test drove the 2008 Lincoln MKX at the dealership in Pompano Beach, FL. Their price for the base model (no liftgate but it includes Sync and air conditioned seats which are not available on the Edge) is as follows:
Here is the information that you requested on a lease. 24mo/10,500miles/with a rebate of $1,500 / $1,428.22 due at signing is $545 plus tax at 62% residual & .50% rate . 39mo/10,500miles/with a rebate of $1,500 / $1,372.44 due at signing is $493 plus tax at 52% residual & 3.0% rate .
What other lease questions should I be asking?
I do not have the MSRP's for either of these cars but if anyone out there has leased either a 2008 Ford Edge Limited or a 2008 Lincoln MKX can you tell me if the lease rates are competitive? I can't imagine why anyone would pay nearly the same for an Edge as for a Lincoln?
Thank you so much!!
I'm going to look at leasing a 2008 Edge Limited in the next week or two.
If you get the chance, can you tell me the current Ford Credit rate for 36/39 month leases (12K)? Residuals?
Been looking over these threads and appreciate all you do. I've learned quite a bit, but there are some numbers that can't be found without help.
Thanks again in advance.
Barry
Can you provide the lease information - Residual, Money Factor, Rebates, and Acquisition Fee - for a 36 month, 12k lease in Florida.
I am interested in either the SEL or Limited models, FWD.
Thanks!
Damon
I don't get why people post fake numbers on these boards, I guess it makes them feel better about themselves.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Ford is currently providing $500 bonus cash and $500 lease cash on the '08 Edge in your area. Make sure to take this cash into account when negotiating your vehicle's capitalized cost. Ford Credit charges a $595 acquisition fee on every vehicle that it leases.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Nice deal!
Nice deal
"I got an Edge Limited AWD fully loaded - DVD Entertainment. MSRP of $38,260. I put down $2,500 out of pocket which included the first payment, title, taxes, fees & dest. charges. My lease is for $394/month for 36 months and 12k/yr."
So from there figure he got the 750 Red Carpet cash and the 500 customer cash(at leat thats what it is in NY). The current lease is 3.5%/55% . We know its 2008 because its a Limited. Only unknown is what the final selling price or Capital Cost of the vehicle was.....
2008 SEL AWD List: 33860 (seating pkg / vista roof / prem chrome whls / reverse sens / sync / sirius /...) 2500.00 trade 200.00 down 36mo @ 15k/yr - 355.00 per month inc. 8% NY state tax. I have been reading through the forum quite a bit, and learned a lot.... we originally started with a similarly equipped 07 and numbers came in very high. We then switched to an 08, and some back and forth we arrived at the deal. There was no discussion of residuals & money factors - only montly payments and a little negociating on the trade in.
Never leased before, but I feel that this may be more practical at this point in my life.
Here's what I can tell you--
I am in Southeast Florida (West Palm area).
The Maroone Group has a 2007 Ford Edge SEL Plus leftover. Invoice pricing is $29550 according to Edmunds. I can qualify for X-Plan which is usually Invoice + $100, but I intend to offer $29000 for the unit (unless you have a better suggestion). They have tons of leftovers and if they don't want the deal, I found 2 other dealers with acceptable alternatives.
So assume a price of $29000. Sales tax in Palm Beach County is 6.5%. I am interested in 24mo/15K per year or 36mo/15K per year.
I plan $0 down other than rebates which according to Ford's website is $1500 for 2007 models and I have another $500 from another rebate source (American Quarter Horse Association) Total down $2000 (through rebates).
I have excellent credit so I will qualify for top tier rates.
What should I be looking at in terms of a lease payment?
Thanks for your help,
Hal
If you want to lease, you should look at a 2008 model - the final lease cost will be much less than a 2007.
If you want to buy and plan on owning for a few years, then the 2007 might make better sense.
Damon