JayInNorCal

Just got a letter from Ford about a mistake on the lease.......dropped from $202 to $199 for some reason

OK you maybe saw another thread I posted asking for help on the deal especially because I was buying this for my wife who has no patience for car shopping(the deal was done before she'd even driven the car), but still I needed to make her happy: smaller yet spacious family ride with good safety, Sirius and a $200/mo payment trying to keep out of pocket expense around $2k. Not easy in Wine Country. WELL.......I think I got hooked up pretty good and maybe other people can find similar numbers if the used market stays strong. The sticker MSRP for my area, NorthBay (SF Area) was $29,755 on an SE including Convenience 101A, SIrius, Roof rails, Sync voice activated and destination fee. The interesting thing is this was a roll back with 91 miles with custom work done- a previous customer paid for leather interior to be added then got denied on financing...........so this is an SE with leather bringing their asking price to $29,832.80, adding WearCare lease protection tacked on $595.00 (This always makes me feel like a sucker but come in handy a few years ago on an Accord turn in). They then dropped that down $3k between Ford's little Edge incentive and a special the dealer was running that day, plus took our white CRV off our hands and gave us another $2k in trade. (Another lease with 3 months remaining.......pay $795 more in payments or turn into $2k down payment, hmmmm). We then made $2,350 cash payment and have 26 more lease payments of $202.35/mo with tax, $186.50 w/o. Wife is pleased as can be with the car, especially the lovely interior upgrade: My daughter is also enjoying the new car smell while Momma works on learning the Sync commands: This all went down by the way at Henry Curtis Ford in Petaluma, and they gave I think a fair deal with smooth process and even gave me 48 hours to back out of the deal for any reason; I have never had that kind of service from a dealer before. The wife still hasn't let me drive yet, so I think she's enjoying the car and I already find it more comfortable, and better use of interior space for seating and cargo. Too bad it's a lease or I'd start de-badging and looking for other goodies, but maybe in a couple years.......... Peace

Whoa......that got hijacked in a hurry updating in different post with real #'s I screwed up anyways

Hi Everybody, I am a possibly soon to be owner of a new Edge. I was car shopping for the missus and ended up making a deal when I had not intended too, but hope this is fair, since she is 500 miles away and has never even been inside an Edge. I have until 1600 PST on 12-28 to call off the deal so maybe someone can help me make my decision. First the car: 2012 SE FWD in White, with equipment group 101A, and strangely enough, has an interior wrapped in buttery tan leather, to a total price of $30,427.80. First the Cliff's Notes version for any quick responses: $2,595 cash down, $2,008 credit on an early lease return, $3,000 in rebates. That puts us in the lease for 27 mo with a payment of $202.55 (BTW income tax is ridiculous around here, close to 9%) Residual value would then be $19,968. The dealership of course claims to be selling this at a loss, although they should turn profit from a fair trade in exchange. Would you take it or walk away? What chances do I have of getting more than $3,000 in incentives or another SE with leather? Now for anyone detail oriented, more precise data. Agreed vehicle value: $30,427.80, with a gross cap cost of 31,022.80. I believe the price is fairly accurate with destination, the $800 101A package and a $1k charge for the leather upgrade. The dealership is offering $3,000 off MSRP, along with $2,008 dollars as trade for our CRV lease with 3 months left,then paying out of pocket $2,000 + ($595 for the Wear Care so as to not pay interest); total down is $7,603.89. This leaves a gross cap cost of $24,757.81, residual $19,968.30. The depreciation is $4,789, rent charge $5,040 and breaks to base monthly of $186.68 and $15.87 tax for $202.55. Thanks if you can reply in time!