Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
Options

2014 Ford Edge Lease Questions

2»

Comments

  • worldbuilder24worldbuilder24 Member Posts: 9

    ok. Deal done.  You guys rock.  Here's how it went down:

    2014 AWD Limited Edge w/ Driver's Entry, Equipt package 301, Tow, Voice Nav

    • Sticker:  $41,600
    • Negotiated price:  $37,615
    • Less Rebate:  $2500
    • Final Negotiated Price;  $35,115
    • Residual:  55%
    • Downpayment: 0
    • APR/Money Factor:  1.0

    I did AmEx TrueCar.  My dealer was the lowest by far, showing $34,215. 

     However the car was at another dealership and my dealer had to do a dealer exchange to get it.  The TrueCar price allowed for an extra $344 for this.  My dealer wanted to charge me $1495.  Because "We have a subset of TrueCar prices for cars we have to get from other dealers". I called BS.  But I threw him a bone and said I will agree to $500 (instead of $344).  He agreed. That's how I got $35,115.

    Finance Guy (FG) told me I was getting a steal at 3.5 APR/Money Factor, and showed me some crap piece of paper with a Ford logo on it that had leasing rates at 8-9%.  Armed with the excellent info above from our moderator I walked in and here's how it went:

    ME: "I don't know where you got that paper, but that's not accurate.  My sources tell me it's 1.0"

    FG:  "Well, who are your sources?"

    ME: "I have a friend who works for Ford Motor Credit corporate office"  (if he could lie, then I could too)

    FG:  "Oh."

    ME:  "1.0, or I walk. I don't have to buy the car.  But you do have to sell it.  So what's it gonna be?"

    Finance Guy:  "1.0 it is."

    AND, as it turns out, the Wear & Tear that they offer ($500ish) is totally negotiable.  As is any sort of "preventative auto detailing package.  After we pushed back on those, the FG knocked $450 combined off both.

    Thank you Edmunds!!

  • worldbuilder24worldbuilder24 Member Posts: 9

    sorry, typo. TrueCar price was higher:  $34,611

  • MichaellMichaell Moderator Posts: 262,059
    worldbuilder24 said:

    ok. Deal done.  You guys rock.  Here's how it went down:

    2014 AWD Limited Edge w/ Driver's Entry, Equipt package 301, Tow, Voice Nav

    • Sticker:  $41,600
    • Negotiated price:  $37,615
    • Less Rebate:  $2500
    • Final Negotiated Price;  $35,115
    • Residual:  55%
    • Downpayment: 0
    • APR/Money Factor:  1.0

    I did AmEx TrueCar.  My dealer was the lowest by far, showing $34,215. 

     However the car was at another dealership and my dealer had to do a dealer exchange to get it.  The TrueCar price allowed for an extra $344 for this.  My dealer wanted to charge me $1495.  Because "We have a subset of TrueCar prices for cars we have to get from other dealers". I called BS.  But I threw him a bone and said I will agree to $500 (instead of $344).  He agreed. That's how I got $35,115.

    Finance Guy (FG) told me I was getting a steal at 3.5 APR/Money Factor, and showed me some crap piece of paper with a Ford logo on it that had leasing rates at 8-9%.  Armed with the excellent info above from our moderator I walked in and here's how it went:

    ME: "I don't know where you got that paper, but that's not accurate.  My sources tell me it's 1.0"

    FG:  "Well, who are your sources?"

    ME: "I have a friend who works for Ford Motor Credit corporate office"  (if he could lie, then I could too)

    FG:  "Oh."

    ME:  "1.0, or I walk. I don't have to buy the car.  But you do have to sell it.  So what's it gonna be?"

    Finance Guy:  "1.0 it is."

    AND, as it turns out, the Wear & Tear that they offer ($500ish) is totally negotiable.  As is any sort of "preventative auto detailing package.  After we pushed back on those, the FG knocked $450 combined off both.

    Thank you Edmunds!!

    Congratulations - glad you were able to negotiate a deal to your liking.

    I always tell people to be polite but firm when talking about inflated MF's.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • suss86suss86 Member Posts: 18
    Hi,
    I am looking for the MF and residual on a 2014 Ford Edge Sport AWD for 24 and 36 months with 10k/year in NY.

    Is the $2750 Red Carpet Lease bonus cash in addition to or in lieu of the $2500 customer cash?

    Thank you!!!
  • kyfdxkyfdx Moderator Posts: 265,398
    suss86 said:

    Hi,
    I am looking for the MF and residual on a 2014 Ford Edge Sport AWD for 24 and 36 months with 10k/year in NY.

    Is the $2750 Red Carpet Lease bonus cash in addition to or in lieu of the $2500 customer cash?

    Thank you!!!


    0.50% APR and 64% residual.
    0.75% APR and 55% residual

    I'm pretty sure that the $2750 lease cash is in lieu of the $2500, not additional.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • lenndellenndel Member Posts: 28
    Hey guys, I was in a few dealerships last night and I want you to tell me if I am getting a good deal or not on a lease. Granted, I am getting out of a current lease with 4 payments left on it of $329/month...

    1st deal, 2014 Ford Edge SEL AWD, selling price $36,567.98. Total Rebates $3750 and Residual $21,579.25. They are taking care of 3 of my lease payments and I am paying one of them. Total cash out of pocket is $1550 and payment of $387.30.

    2nd deal, 2014 Ford Edge LIMITED AWD, sticker price was 41k I believe. I told them about my first deal and they were going to match the deal with a better vehicle, the Limited, but about $11 more a month. So, it was $1550 out of pocket and $396/month. Sorry, I dont have specific numbers on this car. After, I told them about my 4 payments remaining on my current lease and they would not wipe them out like the 1st dealer, so my monthly ballooned to $427/month.

    What do you guys think?
  • MichaellMichaell Moderator Posts: 262,059
    lenndel said:

    Hey guys, I was in a few dealerships last night and I want you to tell me if I am getting a good deal or not on a lease. Granted, I am getting out of a current lease with 4 payments left on it of $329/month...

    1st deal, 2014 Ford Edge SEL AWD, selling price $36,567.98. Total Rebates $3750 and Residual $21,579.25. They are taking care of 3 of my lease payments and I am paying one of them. Total cash out of pocket is $1550 and payment of $387.30.

    2nd deal, 2014 Ford Edge LIMITED AWD, sticker price was 41k I believe. I told them about my first deal and they were going to match the deal with a better vehicle, the Limited, but about $11 more a month. So, it was $1550 out of pocket and $396/month. Sorry, I dont have specific numbers on this car. After, I told them about my 4 payments remaining on my current lease and they would not wipe them out like the 1st dealer, so my monthly ballooned to $427/month.

    What do you guys think?

    We'd need to know the MSRP and selling price of both cars in order to model the payment.

    SEL AWD residual is 52% for 36/15, Limited AWD residual is 51% for same terms. No MF information is available on 2014 models at this time.

    Also, what car do you have that you're ending the lease on early? You might find you have more equity than you think - head over to 'Real World Trade in Values' to get an honest estimate of your car. Then, find the payoff value to determine if you have positive (or negative) equity.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • lenndellenndel Member Posts: 28
    The first vehicle MSRP was $38,615 and the selling price was $36,567.98. I'm not sure on the 2nd vehicle and I will post a comment about the equity of my lease trade-in in the other forum. Thanks!
  • lenndellenndel Member Posts: 28
    2nd vehicle (Limited) MSRP is $41,445 and the sale price is $37,945. Sorry for the double post...
  • MichaellMichaell Moderator Posts: 262,059
    lenndel said:

    2nd vehicle (Limited) MSRP is $41,445 and the sale price is $37,945. Sorry for the double post...

    If I assume a .75% MF, then the pre-tax payment for the Limited is $485.21/mo for 36 months.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • MichaellMichaell Moderator Posts: 262,059
    lenndel said:

    The first vehicle MSRP was $38,615 and the selling price was $36,567.98. I'm not sure on the 2nd vehicle and I will post a comment about the equity of my lease trade-in in the other forum. Thanks!

    If I use a MF of .75%, the pre-tax payment on the SEL works out to $475.57/mo for 36 months.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • lenndellenndel Member Posts: 28
    Michaell said:

    lenndel said:

    The first vehicle MSRP was $38,615 and the selling price was $36,567.98. I'm not sure on the 2nd vehicle and I will post a comment about the equity of my lease trade-in in the other forum. Thanks!

    If I use a MF of .75%, the pre-tax payment on the SEL works out to $475.57/mo for 36 months.
    Wow, then I guess the 385/month he is offering me is a pretty good deal. Thanks for your help!
  • syboatsyboat Member Posts: 7
    just leased in nj a ford edge sel awd msrp 41695 1480 down 383 final payment per month residual 22932 rebates and non cash credit 3750 36 months 10.5k per year is there anyway to calculate my mf and residual %
    thanks
    Sol
  • kyfdxkyfdx Moderator Posts: 265,398
    syboat said:

    just leased in nj a ford edge sel awd msrp 41695 1480 down 383 final payment per month residual 22932 rebates and non cash credit 3750 36 months 10.5k per year is there anyway to calculate my mf and residual %
    thanks
    Sol


    The residual is easy... 55%. Money factor is hard without knowing the CAP cost.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • herkoherko Member Posts: 1
    May I have the Money Factor and residual on 2014 Edge Limited FWD in California for 12,000 miles on 24 and 36 months?

    Would the Sport FWD be any different?
  • kyfdxkyfdx Moderator Posts: 265,398
    herko said:

    May I have the Money Factor and residual on 2014 Edge Limited FWD in California for 12,000 miles on 24 and 36 months?

    Would the Sport FWD be any different?


    I don't see any lease support for the 2014 Edge..

    Standard money factors..

    61%/53% residual for the Limited
    62%/53% residual for the Sport.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • jdsilcoxjdsilcox Member Posts: 1
    Hi - May I have the MF and Residual for 2014 Edge Limited FWD and Sport AWD for Oklahoma 36/39 Months 12K
  • MichaellMichaell Moderator Posts: 262,059
    jdsilcox said:

    Hi - May I have the MF and Residual for 2014 Edge Limited FWD and Sport AWD for Oklahoma 36/39 Months 12K

    Limited FWD - 53%.

    Sport AWD - 54%

    Subtract 2% for 39 months

    No MF listed for 2014 models.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • penn2penn2 Member Posts: 128
    Hi - Would appreciate your help for latest December information. Looking to lease 36 mos/12K miles either 3.5 V6 AWD Limited or 3.5 V6 SEL AWD(. ... what is current residual, money factor, etc? Also - any incentives available this month? Thank you!
  • MichaellMichaell Moderator Posts: 262,059
    penn2 said:

    Hi - Would appreciate your help for latest December information. Looking to lease 36 mos/12K miles either 3.5 V6 AWD Limited or 3.5 V6 SEL AWD(. ... what is current residual, money factor, etc? Also - any incentives available this month? Thank you!

    No MF support from Ford on the 2014 Edge - assume 4-5% or thereabouts.

    Residual is 54% for SEL AWD 36/12. Subtract 1% for Limited AWD

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • skremeseskremese Member Posts: 10
    Looking to possibly lease a '14 Edge SEL in Norther Cali (near Sacramento). What is the residual and MF? I see you stating some money factors are not available, why is that?

    Thank you in advance!
  • MichaellMichaell Moderator Posts: 262,059
    skremese said:

    Looking to possibly lease a '14 Edge SEL in Norther Cali (near Sacramento). What is the residual and MF? I see you stating some money factors are not available, why is that?

    Thank you in advance!

    Ford has stopped supporting leases on 2014 models, so the MF information is unavailable.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • cars_are_funcars_are_fun Member Posts: 12
    Does anyone have residual information for NJ lease of ford edge limited with 24 month and 15k or 12k miles per year? I would also appreciate ate it if someone knew the mf or interest rate ford motor credit is using for these leases. Thanks in advance for the help!
  • verinoxverinox Member Posts: 78
    Hello - are the 2015 Ford Edge numbers available? If so, I'd like 36/12 for the Edge Limited AWD w/ V6.

    Thanks!
  • kyfdxkyfdx Moderator Posts: 265,398
    verinox said:

    Hello - are the 2015 Ford Edge numbers available? If so, I'd like 36/12 for the Edge Limited AWD w/ V6.

    Thanks!

    1.50% APR and $1250 lease cash.

    Unfortunately, we don't have the 2nd Quarter residuals for Ford.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • verinoxverinox Member Posts: 78
    Hello,

    Are the 2015 Edge numbers available now?

    Looking at an Edge Titanium AWD V6, 36/12, NE Ohio.

    Thanks!
  • kyfdxkyfdx Moderator Posts: 265,398
    verinox said:

    Hello,

    Are the 2015 Edge numbers available now?

    Looking at an Edge Titanium AWD V6, 36/12, NE Ohio.

    Thanks!

    0.75% APR and 55% residual. $1750 lease cash.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • giffy21giffy21 Member Posts: 19
    2017 Ford Edge AWD Sle & titanium
    MF & Residuel 
    24588 zip
  • MichaellMichaell Moderator Posts: 262,059
    giffy21 said:

    2017 Ford Edge AWD Sle & titanium
    MF & Residuel 
    24588 zip

    The 2017 Edge thread is here; somehow you found the 2014 thread

    https://forums.edmunds.com/discussion/43688/ford/edge/2017-ford-edge-lease-questions#latest

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

Sign In or Register to comment.

Helpful Tools

Most popular vehicles