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Lincoln MKZ Lease Questions

110 messages,  Last post on Nov 17, 2009 at 3:35 PM

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What is this discussion about? Lincoln Zephyr, Lincoln MKZ, Car Leasing, Sedan

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#103 of 110 Re: august numbers [b0ywonda] by Car_man HOST Aug 06, 2009 (3:20 am)
Replying to: b0ywonda (Aug 04, 2009 10:08 am) Hi b0ywonda. Here's the information that you're looking for. Ford Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Lincoln MKZ with 12,000 miles per year are 3.5% and 50%, respectively.   When negotiating your lease, make sure to take the $1,000 bonus cash that Lincoln is currently providing on this car into account.   Good luck in your quest for a new ride and make sure to stop back to let us know how everything turns out.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#104 of 110 Re: MKZ lease [Car_man] by rj123456 Aug 07, 2009 (10:40 pm)
Replying to: Car_man (Aug 06, 2009 2:49 am) It's a double whammy. Back in 2006 I remember calculating my eff int rate was like .75%. A 46% residual is right on the money based on current used car prices on the '06s...why are they assuming 41%? It's incredible that a car will lose almost 60% of its value in 3 years! Replies to this message: rj123456 (Aug 25, 2009 11:33 pm) faellaf (Aug 26, 2009 4:22 am)
#105 of 110 Re: MKZ lease - ridiculous wear and tear estimate by rj123456 Aug 25, 2009 (11:33 pm)
Replying to: rj123456 (Aug 07, 2009 10:40 pm) I'm in shock. This is the first lease I've ever done and Ford Credit wants almost $3K in wear and tear items. The biggest item is over $2,000 for new wheels. Two of the wheels have VERY minor scratches, 1 has a noticeable scratch and the 4th is scratched up as I ran close to a curb. But I still don't understand why it's that much.   I tried to reason with them on the phone and they said they can't do anything as the estimate is made up by an "independent" agency (Datascan). I bet if they came up with reasonable quotes Ford will fire them and give the contract to another "independent" company.   Any suggestions on what to do? The original dealership closed, so Ford said I could return it to any dealership.   On the plus side I am about 1,500 miles shy of the 33K allowed. Not that they give me any credit for that. Replies to this message: faellaf (Aug 26, 2009 4:22 am)
#106 of 110 Re: MKZ lease - ridiculous wear and tear estimate [rj123456] by faellaf Aug 26, 2009 (4:22 am)
Replying to: rj123456 (Aug 25, 2009 11:33 pm) I'm currently leasing a 2010 MKZ so I can't comment on your particular situation. However, I had a similar situation with Lexus when i turned in my '06 ES330. I received a "bill" for $800.+ for a set of tires and a minor dent. That "inspection" was done by an "independent" appraiser (owned by Toyota). Fortunately, I had my car serviced 2 months earlier and the service report proved that I had more than ample tread left on the tires and that the report was a "fraud". It ended with all the charges being cancelled. I also took pictures of the car before I turned it in including the odometer.. My opinion, they;ll do anything to part you from your money.
#107 of 110 MKZ Lease by jimmydean7 Oct 02, 2009 (1:51 pm)
Hi Car man: Can you please give me the Sept lease numbers for an MKZ? My preliminary inquiry for a 39 mo 15K per year lease resulted in: MSRP 41,000...Sale Price...35,000 Interest 2.25% and Residual of 46% Dealer acknowledged a $2,000 cash back, but not for the lease. The initial work up using the above reflects a 535 monthly payment w/o taxes which seems high. What is your take on this deal and the absence of any cash back incentive on a lease for this vehicle. Thanks. Replies to this message: Car_man (Oct 09, 2009 1:39 am)
#108 of 110 Re: MKZ Lease [jimmydean7] by Car_man HOST Oct 09, 2009 (1:39 am)
Replying to: jimmydean7 (Oct 02, 2009 1:51 pm) Hi jimmydean7. Here's the information that you're looking for. Ford Credit's current base lease rate and residual value for a 39 month lease of a 2010 Lincoln MKZ 2WD with 15,000 miles per year are 2.25% and 46%, respectively. As you can see, this is right in line with what you were quoted.   I don't believe that Ford is currently providing any cash incentives on leases of this car.   The $6,000 discount that you were quoted on this car certainly looks attractive to me.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#109 of 110 press request by kirstie_h HOST Oct 12, 2009 (7:11 am)
A reporter is looking to speak to a recent buyer of a Lincoln vehicle. Please send your daytime phone number to ctalatiedmunds.com by Tuesday, October 13, 2009.   Thanks, Chintan Corporate Communications Edmunds.com
#110 of 110 2010 Lincoln MKZ Lease by rcmdesign Nov 17, 2009 (3:35 pm)
I'm currently leasing a 2007 Mercury Milan set to expire in 6 months. I am looking to upgrade to the 2010 Lincoln MKZ. I have 6 months of payments remaining of $307.34 for the Milan ($1844.04). Here is what I was quoted for a loaded MKZ with Nav Package, Ultimate Package, Technology Package, 17" Chrome Rims, Moonroof, Rapid Spec 103A:   -They will pay my 6 remaining months on Milan - They pay first month's payment - They waive security deposit    Basically sign and drive - Sticker price 41,175 - Residual: 49% - 39 month lease (with first month paid) - 10,500 a year - Monthly Payment: 529.88   Is this a good deal? Where can I negotiate? I do need more miles.

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