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Lincoln MKZ Lease Questions

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

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#35 of 110
Re: Need Lease Payment calculated [andycinti] by Car_man HOST
Jun 21, 2007 (2:29 am)
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Replying to: andycinti (May 27, 2007 9:29 am)

Hi andycinti. I personally doubt that you will be able to negotiate a deal that's much better than the Z-Plan price on your own.
 
Car_man
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#36 of 110
MKZ red carpet lease details? by setamp
Jul 14, 2007 (4:19 pm)
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Does anyone know the residual % and the interest factor used for the new MKZ 39 month lease promotion? Also, any help would be appreciated for selling price. I just hit the local dealership and they have a BUNCH of MKZ's on the lot.
#37 of 110
Re: MKZ red carpet lease details? [setamp] by Car_man HOST
Aug 01, 2007 (2:22 am)
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Replying to: setamp (Jul 14, 2007 4:19 pm)

Hi setamp. Ford Credit's current base lease rate and residual value for a 39 month lease of a 2007 Lincoln MKZ 2WD with 12,000 miles per year are 1.5% and 49%, respectively. When negotiating your lease on this car, make sure to take advantage of the $500 lease cash that is currently available on it.
 
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#38 of 110
Re: Beamerman [BeamerMan] by patrick2
Aug 15, 2007 (12:26 am)
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Replying to: BeamerMan (Nov 16, 2006 7:34 am)

Hello, I was wondering, if anyone on this board, has some info
on the financial numbers for the 2008 Lincoln MKZ. What I am looking for is the residual and interest rate for the 2008 model. I was going to wait about 30 days and lease one with the new Sync system in it. Any help I would appreciate it.
Thanks.
Fltrucker
#39 of 110
hoping to negotiate by casolorz
Oct 13, 2007 (7:56 am)
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Car_man or anyone else who wants to contribute. I am hoping to lease an mkz, 12k miles, 36mos (39 ok). The msrp is 33,005.00 and my credit scores are between 640 and 670 and my wifes are between 660 and 680. I have a tradein but I am only hoping to get enough for it to pay it off.
What do you guys think a pretax payment might be like with zero down?
Thanks.
#40 of 110
Which is better - buy or lease this car? by dandydon2
Oct 13, 2007 (1:19 pm)
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Replying to: Car_man (Aug 01, 2007 2:22 am)

Question:
Is cheaper for me to buy or lease this 2008 MKZ?
Assumptions:
• MSRP = $33,680
• Price if purchased (including $1,000 cash back)= $29,206
• Lease price (including $500 factory allowance)= $29,706
• Own or lease for 24 months
• Drive 12,000 miles per year
• Two year residual value = 62% of MSRP
• If Buy, pay all cash – no financing required
• If Lease, pay $5,000 down plus $350 start-up fee
• Consider lost opportunity cost for cash tied up for purchase option at 5%
#41 of 110
Re: hoping to negotiate [casolorz] by Car_man HOST
Oct 15, 2007 (2:23 am)
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Replying to: casolorz (Oct 13, 2007 7:56 am)

Hi casolorz. This car's lease payment will depend upon the selling price that you are able to negotiate on it. The selling prices of leased vehicles are negotiable. The lower your car's selling price is, the lower its monthly payment will be. For now, I will assume that you will be able to negotiate a $2,000 discount on this car. Add to this the $500 lease cash that is currently available on it and we arrive at a total capitalized cost reduction of $2,500. According to my calculations, if you were to lease a 2008 Lincoln MKZ that has an MSRP of $33,005 and a capitalized cost of $30,505 through Ford Credit right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $415.
 
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#42 of 110
Re: Which is better - buy or lease this car? [dandydon2] by Car_man HOST
Oct 15, 2007 (2:45 am)
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Replying to: dandydon2 (Oct 13, 2007 1:19 pm)

Hi dandydon2. Whether is it cheaper to lease this car for two years or to purchase it and sell it after two years depends upon how realistic you believe its residual value is. Ignoring the interest expense, theoretically if this car's residual value accurately reflects what it will be worth in two years one would come out about the same if they purchase or leased it. Residual values are not perfect though. In fact, I suspect that Ford Credit is overestimating this car's residual value. If that is the case, you would be much better off leasing and letting them take the hit than absorbing the additional depreciation on your own.
 
Furthermore, Ford is currently providing a special 1.75% interest rate on leases of the 2008 Lincoln MKZ. This is an additional benefit of leasing because this is a much lower interest rate than you would be able to get if you were to finance this car through an independent bank. Plus, you should be able to do better than 1.75% by investing the money that you would have laid out had you paid cash for this car.
 
If I was positive that I was going to only keep this MKZ for only two years I personally would definitely lease it.
 
Car_man
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#43 of 110
Re: hoping to negotiate [Car_man] by casolorz
Oct 15, 2007 (4:20 am)
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Replying to: Car_man (Oct 15, 2007 2:23 am)

Thank you very much, that gives me a great idea of what to look for. How can I easily find out the money factors? that will greatly help me figure out what car to get (looking at the acura tsx as well).
 
--Carlos
#44 of 110
MKZ Lease by smokiejoe
Oct 17, 2007 (7:49 am)
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Looking real close at an MKZ.
I am a Cadillac man and the new CTS is looking real good, but right now they have bad lease rates.
 
I also like what I am hearing about reliability of the MKZ.
Drove vehicle, liked the power, AWD, THX, Xenon, Light wood trimmed interior looks sharp.
 
What I have from my local dealer is:
 
MSRP: $34370
Rebate -500
Disc -1479
Total $32391
2% Interest
54% Residual
39 month Lease 12K
9% State Tax
Approx $800 add on Lease Fees
$446 per month $1K Down
$475 per month $0 Down
 
I know I can whittle them down probably $20 or $30 per month.
 
Any comments to make my decision easier.
 
Thanks

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