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Ford Edge Lease Questions
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Comments
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.
Was any extras thrown in such as Wear Care, Acquisition Fee?
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.
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?
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.
That is standard across the board. If any rebate has the word "RETAIL" in it, you cannot use it on a lease.
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
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!
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.
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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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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Let me know and I'll crunch some numbers for you. Thanks.
Car_man
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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.
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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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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.
36 Mo/36k w/$0 due @ signing = 628 + Tax
MSRP: 37395
Residual: 48%
Money Factor: 5.25
Is this on the STICKER or could you make a killer deal on the INVOICE minus the 5500 - just wondering
Car_man
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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
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.
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.
Thanks!
Ford Credit's base lease rate and residual value for a 24 month lease of a 2010 Edge SEL AWD with 15,000 miles per year are 0.25% and 51%, respectively.
The numbers for an otherwise identical 36 month lease are 3.5% and 45%.
As far as the 2011 model goes, Ford is providing a $750 cash incentive on leases of the '11 Edge in your aunt's area, again plus the aforementioned conquest cash.
Ford Credit's current base lease rate and residual value for a 24 month lease of a 2011 Edge SEL AWD with 15,000 miles per year are 0.25% and 60%.
The numbers for an otherwise identical 36 month lease are 3.75% and 55%.
Car_man
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I am looking to lease the 2011 Ford Edge Limited with the 301A package. Base MSRP for the car is 36,995. We worked it out give me 2750 in dealer rebates, 4% APR, 52% residual and with 4,000 down the total monthly payment for the car would be $449 a month. Does that seem high to anybody with 4k down?
I just dont understand how my sister has a fully loaded acura tsx at @ 37K MSRP and only pay $405 with no money down a month. Also, my friend just picked up a fully loaded maxima with no money down and paying $409 a month. How is it that my monthly can me so much higher with 4k down?
Cars like the TSX have amazing residual value, AFHC also charges fairly low interest on their leases plus they give pretty good discounts. Thats the best formula for low payments. The Maxima has a decent residual, but Nissan isn't charging a lot of interest on their leases plus they are discounting the Maxima like mad. That is why your friend and sister can get so much car for so little money.
Lesson here is that not all cars lease the same, so you need to do your homework. Ford cars aren't very strong when it comes to leasing, so I as much as the Edge intrigues me, I don't think leasing would be wise.
G
Can you please supply the current residual value and money factor for a 2011 Edge Limited with 301A package and 15,000 miles per year. I am open to 24,36 or 39 month lease. I saw that you had provided info in a post earlier, however I am having a hard time converting the 0.25% interest rate to the money factor so that I can figure out what my payments should be.
Thanks in advance
The numbers for a 36 month lease are 3.75% to 5.5% and 55%.
The numbers for a 39 month lease are 4.0% to 5.75% and 53%.
You can convert these lease rates into approximate money factor equivalents by dividing them by 2400. So for example, a lease rate of 0.25% would be equivalent to a money factor of around .00010.
Car_man
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2011 Edge Limited AWD(fully loaded)
MSRP: $43,235
1st quote:
$2,100 down
39 months
10,500 miles
$480 month including taxes
2nd Quote:
$2,000 down
39 months
10,500 miles
$399 month NOT including taxes
What are the current lease numbers for the 2011 Ford Edge SEL AWD for zip 68516 on a 24, 27, 36 month lease with 10,500 miles per year? Thanks.