The 24-month lease on the Edge Sport AWD isn’t exactly the best, but the discounts seem to be pretty good. Probably not the best lease around, but should you choose to buy, this isn’t half bad. I am not sure I would pay upwards of $600 a month on a Ford Edge. I would much rather have something else on the luxury side of things, maybe the MDX.
Here is a sample calculation based on TrueCar’s Southern California sale price and do not include local taxes. Please note that your dealer calculations may vary due to local fees/taxes.
2011 Ford Edge Sport AWD (24-month)
MSRP – $39,150
Sale Price – $35,621
Monthly – $540+ tax
RWG Rating – 80.8
Forย Dealer Quotes, CLICK HERE.
2011 Ford Edge Limited 4WD
36-month | 15k miles | residual 54% | .00146 base money factor
โ2011 Ford Edge Sport AWD
36-month | 15k miles | residual 52% | .00146 base money factor
โ2011 Ford Edge Sport AWD
24-month | 15k miles | residual 59% | .00031 base money factor
36-month | 15k miles | residual 52% | .00146 base money factor
2011 Explorer Limited AWD
39-month | 15k miles | residual 50% | .00177 base money factor
2011 Explorer Limited 2WD
24-month | 15k miles | residual 60% | .00094 base money factor
36-month | 15k miles | residual 51% | .00167 base money factor
Was able to lock in a 2011 Edge Sport every option for $471/month
AWD too.
REALLY? How much due at signing? What was the MSRP and Sale price? Inquiring minds want to know. Also, did you qualify for any discounts that are not available to the average person?
A-Plan and eligible Rebates of $2250. $0 out of pocket and $670 due at signing for 24 month lease with 10500 miles a year. I know MSRP was around $43,100. Ill check sales price.
Trying to decide if I should sign th deal or wait to see if it gets better next month… For 12000 miles a year it was 480.. What should I do?
Thanks again!
@matt. I would do this. This is actually very good for a 24 month lease. I would go with 12k since I think 10500 isn’t enough for the average drive.
G thanks again I will check into 12000 today. Going to sign the deal at 11am..
I will keep you posted! ๐
Hi G, great site!
I’m trying to find a decent deal for leasing a 2012 Mustang GT Convertible. It seems Ford has no incentives and after making some inquiries I’m just getting insane numbers back ($900/mo). Needless to say I didn’t bother to start drilling into the costs.
In your experience, are 3rd party leasing companies any good? Do you recommend an approach to still try to put a deal together? What are my options?
Thanks!
-Ryan
@ryan. Ford rarely provides lease support on Mustangs. I remember shopping for one back in 2007 (non convertible) and they were quoting me $500+ with $2000 due at signing. I ended up with a TSX for $365 and $750 due at signing. To be honest, even 3rd party leasing companies may struggle giving you a good deal on this car.
I would approach leasing companies the same way I would approach dealers. You have to ALWAYS do your homework first. You need to know the MF and residual and the target sale price you are shooting for. You have to get a feel for what a realistic monthly payment is before you start talking. If you make it clear that money is the only thing that matters to you, it will be tough to get taken advantage of.
I usually work out all the payments before I work with my sales person. Once we are hammering out the final numbers, if their payments don’t come within $5 bucks of my estimates, I don’t get the car. I’ve been pretty fortunate because my payment calculations have been within $3 dollars or less usually.
When you work with brokers, they may have a tendency of asking for a deposit in order to move forward. If you aren’t comfortable with that, don’t do it. I don’t think they will cheat you, but you should always put it on a Credit Card just in case you have to dispute it. Take the proper precautions when dealing with sales people and you should be okay. Be sure to crosscheck their numbers so you know their estimates are realistic.
As always, if you get some details of a deal, post them here and I will help analyze it. Best of luck to you!
Thanks G,
What I have found is they are willing to offer a 52% residual on a 36 mo lease with 12,000 miles (leftover 2011 models) and the money factor (translated to interest rate was about 5.14%). Bank fee was high $795, doc fee around $295, plus taxes/title/reg, etc. on top.
a $41,600 vehicle negotiated to $36,036 with no money down that incluces my tax (6.25%) but excludes tax/title/reg fees is about $590/mo.
It’s hard to swallow this deal when Ford is offering 0% for 60 months on the 2011s. a 60 month payment would be about: $637.50 on this same deal including tax. Way more equity after 36 months. Tough to compare 5.14% againts 0% I guess.
Thanks for your response!
-Ryan
@ryan. 0% financing beats any lease deal you can find right now. If you love the car, I say buy it. You won’t be paying THAT much more for it per month anyway.
G,
Any update on any numbers for 2012/2013 Ford Flex’s? They seem to have a good amount of Lease cash, but that might be because of their dismal residuals/money factors. Any thoughts?
Hi G, I’m looking to lease a 2014 Escape or Explorer within the next month or so, can you give me MF and residuals for both the models for July? Thanks.
Sorry Bryan. I probably need to discontinue the Ford numbers. I haven’t gotten them in ages.