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2017 Ford Edge Lease Questions

MichaellMichaell ColoradoPosts: 47,303
edited November 2016 in Ford
Ask your 2017 Edge lease questions, here!

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  • Hello-

    What are the residual, interest rate, and any incentives on a 2017 Ford Edge Sport AWD in Illinois?

    Thanks
  • MichaellMichaell ColoradoPosts: 47,303
    hombogero said:

    Hello-

    What are the residual, interest rate, and any incentives on a 2017 Ford Edge Sport AWD in Illinois?

    Thanks

    36/15 - 54% and 1.50%. $500 lease cash.

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  • I'm sorry, i did not specify 36/10.

    Thanks
  • MichaellMichaell ColoradoPosts: 47,303
    hombogero said:

    I'm sorry, i did not specify 36/10.

    Thanks

    Add 3% to the residual.

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  • kg062380kg062380 Posts: 19
    Do you have the residual and money factor numbers for a 2017 and 2016 Ford Edge SEL AWD in PA? 36 months/12k miles per year. Trying to see the difference with the 2016 leftovers. Thanks.
  • 13_f15013_f150 Posts: 21
    MF/Residual on 2017 Edge front wheel drive in South FL 36/12..
    Thanks Jay
  • kyfdxkyfdx Posts: 56,421
    kg062380 said:

    Do you have the residual and money factor numbers for a 2017 and 2016 Ford Edge SEL AWD in PA? 36 months/12k miles per year. Trying to see the difference with the 2016 leftovers. Thanks.

    2017: 1.50% APR and 54% residual
    $500 lease cash

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  • kyfdxkyfdx Posts: 56,421
    13_f150 said:

    MF/Residual on 2017 Edge front wheel drive in South FL 36/12..
    Thanks Jay

    1.50% APR and 53%-55% residual, depending on trim.
    $500 lease cash

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  • jrose29jrose29 Posts: 5
    Do you have the residual and money factor numbers for 2017 SE/SEL AWD in Southern New Jersey, i am considering 36months/18k or 39months/18k Thanks! Jesse
  • kyfdxkyfdx Posts: 56,421
    jrose29 said:

    Do you have the residual and money factor numbers for 2017 SE/SEL AWD in Southern New Jersey, i am considering 36months/18k or 39months/18k Thanks! Jesse

    1.50% APR and 50%/48% residual for 36/39 months.
    $500 lease cash

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  • jrose29jrose29 Posts: 5
    Thank you for your answer! Do you also happen to have the residual and money factor numbers for left over 2016 SEL AWD in Southern New Jersey 08075. 36 months/18k and 39 months/18k Thanks!
  • kyfdxkyfdx Posts: 56,421
    jrose29 said:

    Thank you for your answer! Do you also happen to have the residual and money factor numbers for left over 2016 SEL AWD in Southern New Jersey 08075. 36 months/18k and 39 months/18k Thanks!

    2016 discussion is here:
    https://forums.edmunds.com/discussion/39211/ford/edge/2016-ford-edge-lease-questions#latest

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  • can I get the info (mf, residual, etc) on a 2017 ford edge sel, Florida 36/15?
    I'm also having problems finding the true incentives being offered at this time. A dealer told me it's better to lease a 2017 instead of 2016 because the residual is so much higher on 17. But I would think there would be more incentives or negotiationot for a lower price on the 16. He says no. who is right? 
  • MichaellMichaell ColoradoPosts: 47,303

    can I get the info (mf, residual, etc) on a 2017 ford edge sel, Florida 36/15?
    I'm also having problems finding the true incentives being offered at this time. A dealer told me it's better to lease a 2017 instead of 2016 because the residual is so much higher on 17. But I would think there would be more incentives or negotiationot for a lower price on the 16. He says no. who is right? 

    52% and 1.50%. No lease incentives.

    You'd have to run the numbers on both a '16 and a '17 to see which is the better deal. It's not a matter of right or wrong.

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  • daislesdaisles NJPosts: 5
    Hi, I am interested in a 2017 Ford Edge Titanium lease in NJ. Can you tell me the #s? I am looking at 36 months and 15,000 miles. Thank you!
  • MichaellMichaell ColoradoPosts: 47,303
    daisles said:

    Hi, I am interested in a 2017 Ford Edge Titanium lease in NJ. Can you tell me the #s? I am looking at 36 months and 15,000 miles. Thank you!

    Assuming AWD, 53% and 1.50%. $500 lease cash.

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  • kg062380kg062380 Posts: 19
    Looking for numbers on Ford Edge SE AWD 12/36 in PA. Thanks!
  • kyfdxkyfdx Posts: 56,421
    kg062380 said:

    Looking for numbers on Ford Edge SE AWD 12/36 in PA. Thanks!

    1.50% APR and 54% residual. $500 lease cash

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  • daislesdaisles NJPosts: 5
    @Michaell The quote I got for the edge in NJ, yes AWD was this.
    List: 44,395
    Selling Price: 41,400
    Total with Tax and Fees: $45,097
    36 months/15k
    Residual: 23,529
    $499 a month with $5000 down
    The extras not in the 301A package were larger wheels at $995, and the V6 engine at $625, cargo package $290 and cold weather package at $350. These last two I do not need (potential savings). My goal is to put $2000 down and have a payment under $500. Do you think it is possible with this car? The numbers (MF/RV) you tell people, do they factor into the break even number for dealers? How does one use the numbers in negotiations? Thank you!
  • MichaellMichaell ColoradoPosts: 47,303
    daisles said:

    @Michaell The quote I got for the edge in NJ, yes AWD was this.
    List: 44,395
    Selling Price: 41,400
    Total with Tax and Fees: $45,097
    36 months/15k
    Residual: 23,529
    $499 a month with $5000 down
    The extras not in the 301A package were larger wheels at $995, and the V6 engine at $625, cargo package $290 and cold weather package at $350. These last two I do not need (potential savings). My goal is to put $2000 down and have a payment under $500. Do you think it is possible with this car? The numbers (MF/RV) you tell people, do they factor into the break even number for dealers? How does one use the numbers in negotiations? Thank you!

    I would ask the dealer for the breakdown of the $3700 to get to the total price; that seems high.

    Also, I would suggest to keep your out of pocket costs to the first payment and DMV fees only and add everything else to the payment.

    The only points of negotiation on a lease are the selling price and ensuring that the money factor is not marked up.

    $500/mo may be a stretch at this point.

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  • daislesdaisles NJPosts: 5
    $500/mo may be a stretch at this point.


    Do you mean this car is out of my budget? And are you suggesting I don't offer a down payment? Thanks!
  • MichaellMichaell ColoradoPosts: 47,303
    daisles said:

    $500/mo may be a stretch at this point.


    Do you mean this car is out of my budget? And are you suggesting I don't offer a down payment? Thanks!
    I get almost $650/mo if I use the adjusted price as the cap cost, with $0 down.

    Any money you put down (other than for taxes and fees) would be lost if the car is stolen or totaled. And, it gives a false sense of what the true monthly cost is.

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  • nomad317nomad317 Posts: 81
    Looking for the Res & MF for AWD SEL & Titanium in Indiana (36mo/12k) as well as any incentives. Thanks!!!
  • kyfdxkyfdx Posts: 56,421
    nomad317 said:

    Looking for the Res & MF for AWD SEL & Titanium in Indiana (36mo/12k) as well as any incentives. Thanks!!!

    1.50% APR and 54%/55% residual for SEL/Titanium
    $500 lease cash

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  • pcwunlvpcwunlv Posts: 33
    Interest and Residual on FWD Titanium, 36/12, 39/12, and 42/12? Thanks!
  • kyfdxkyfdx Posts: 56,421
    pcwunlv said:

    Interest and Residual on FWD Titanium, 36/12, 39/12, and 42/12? Thanks!

    36/12: 1.50% APR and 54% residual
    39/12: 1.75% APR and 52% residual

    $500 lease cash

    We don't show 42 month numbers.

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  • daisles said:

    @Michaell The quote I got for the edge in NJ, yes AWD was this.
    List: 44,395
    Selling Price: 41,400
    Total with Tax and Fees: $45,097
    36 months/15k
    Residual: 23,529
    $499 a month with $5000 down
    The extras not in the 301A package were larger wheels at $995, and the V6 engine at $625, cargo package $290 and cold weather package at $350. These last two I do not need (potential savings). My goal is to put $2000 down and have a payment under $500. Do you think it is possible with this car? The numbers (MF/RV) you tell people, do they factor into the break even number for dealers? How does one use the numbers in negotiations? Thank you!

    I will tell you that I'm in the market for a similar model and just got a email quote on a 17 edge titanium with 302A + the other extras you've mentioned with MSRP of 45k. He offered 36/15,000 for $550 per month and 0 down. This was just a generic email inquiry I made and have no breakdown yet. So my totally non-professional, could be way off opinion is that you could do better. I need to be under $400 so I'll probably have to go down to an SEL with much less bells and whistles. :(

  • In general is there a range we should shoot for the selling price? Like 10-15% off MSRP for example. Thanks for all your help!
  • Michaell said:

    can I get the info (mf, residual, etc) on a 2017 ford edge sel, Florida 36/15?
    I'm also having problems finding the true incentives being offered at this time. A dealer told me it's better to lease a 2017 instead of 2016 because the residual is so much higher on 17. But I would think there would be more incentives or negotiationot for a lower price on the 16. He says no. who is right? 

    52% and 1.50%. No lease incentives.

    You'd have to run the numbers on both a '16 and a '17 to see which is the better deal. It's not a matter of right or wrong.
    Is this because Florida just sucks and has no incentives right now? Does that change on a monthly basis? Wondering if waiting until Feb or even March would be a better idea.... My current lease is paid for but I don't have to turn it in until the end of March. Just hunting for the best deal possible now so I can jump on it if I find a really good one. :)
  • MichaellMichaell ColoradoPosts: 47,303

    In general is there a range we should shoot for the selling price? Like 10-15% off MSRP for example. Thanks for all your help!

    We don't track selling prices - use the "make / model / year" pull downs at the top of the page to link to the price tools.

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