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Lincoln MKZ Lease Questions

144 messages,  Last post on May 11, 2013 at 3:17 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 6 of 16

#42 of 144 Re: Which is better - buy or lease this car? [dandydon2] by Car_man HOST

Oct 15, 2007 (3:45 am)

Replying to: dandydon2 (Oct 13, 2007 2:19 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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Prices Paid: Buying & Leasing Experiences Forum

#43 of 144 Re: hoping to negotiate [Car_man] by casolorz

Oct 15, 2007 (5:20 am)

Replying to: Car_man (Oct 15, 2007 3:23 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 144 MKZ Lease by smokiejoe

Oct 17, 2007 (8:49 am)

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

#45 of 144 Re: MKZ Lease [smokiejoe] by casolorz

Oct 17, 2007 (9:20 am)

Replying to: smokiejoe (Oct 17, 2007 8:49 am)
I am not sure but that doesn't sound like its even below invoice. You should probably start there, then take out rebates.
I am hoping to get a deal on them but I am waiting for one with SYNC.

#46 of 144 2008 Lincoln MKX base model by ventr4th

Oct 20, 2007 (3:57 pm)

I just returned from the Ford dealer in Ft. Lauderdale who quoted me a lease rate of $468/month for a 2008 Ford Edge Limited (similar the the 07' SEL Plus?) with Sync and power liftgates. This is for a 36 month lease with sales tax included.
 
Last week I test drove the 2008 Lincoln MKX at the dealership in Pompano Beach, FL. Their price for the base model (no liftgate but it includes Sync and air conditioned seats which are not available on the Edge) is as follows:
 
Here is the information that you requested on a lease. 24mo/10,500miles/with a rebate of $1,500 / $1,428.22 due at signing is $545 plus tax at 62% residual & .50% rate . 39mo/10,500miles/with a rebate of $1,500 / $1,372.44 due at signing is $493 plus tax at 52% residual & 3.0% rate .
 
What other lease questions should I be asking?
 
I do not have the MSRP's for either of these cars but if anyone out there has leased either a 2008 Ford Edge Limited or a 2008 Lincoln MKX can you tell me if the lease rates are competitive? I can't imagine why anyone would pay nearly the same for an Edge as for a Lincoln?

#47 of 144 2008 MKZ FWD by ddelise

Nov 10, 2007 (5:33 am)

Hello -
 
Looking for the current 36 or 39 month (whichever has better rates) Money Factor and Residual for the 2008 MKZ FWD in Florida. Also, what are the current lease incentives.
 
Thanks - Damon

#48 of 144 Re: 2008 MKZ FWD [ddelise] by ddelise

Nov 13, 2007 (5:43 pm)

Replying to: ddelise (Nov 10, 2007 5:33 am)
Looking for 12k miles/yr., along with acquisition fee.
 
Thanks - Damon

#49 of 144 MKZ vs Fusion by bhmr59

Nov 20, 2007 (8:00 pm)

I know someone who just leased an MKZ. (She is very badge conscious.)
 
I can't imagine why anyone would pay the thousands of extra dollars for this car just because the badge says "Lincoln" instead of "Ford."

#50 of 144 Re: MKZ vs Fusion [bhmr59] by casolorz

Nov 20, 2007 (8:33 pm)

Replying to: bhmr59 (Nov 20, 2007 8:00 pm)
I considered the milan and the mkz a while ago and test drove both. There is really very little in common between these two cars when it comes to driving them. True the milan and fusion do look nice but the inside quality, features and driving experience was totally different.
I guess it all comes down to what you enjoy, if I had gone with a sedan I would definitely have gone with the mkz over the milan. Just try pushing the gas real hard on the milan and then do the same on the mkz, its not about the acceleration but the down shift, its just so much smoother. Also the steering was annoyingly soft on the milan, the mkz had fairly soft steering too but not as bad as the milan.
When it comes to inside comfort, the milan is a nice regular car, the mkz feels like you just sat down on your lazy boy at home, its so comfortable that it almost makes that THX on the screen worth the money (I wouldn't have gotten that but then I am not into audio very much).
 
It really comes down to what you like to have, in my case I just couldn't get over the lack of some basic features, mostly power features like memory seats and automatic things like windshield wipers.

#51 of 144 Re: hoping to negotiate [casolorz] by Car_man HOST

Nov 30, 2007 (3:12 am)

Replying to: casolorz (Oct 15, 2007 5:20 am)
You're very welcome, Carlos. Unfortunately, I am not aware of any resource that provides information on banks' actual lease programs to the general public. You should be able to find out what the lease programs are like for most vehicles that you are interested in by visiting the appropriate discussions here though.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 6 of 16

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