Ask the Car People.SM


Lincoln MKZ Lease Questions

155 messages,  Last post on Jun 14, 2013 at 7:18 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 9 of 17

#73 of 155 Re: 2009 MKZ 2WD Lease Rates [jweissi2] by Car_man HOST

Feb 27, 2009 (5:12 am)

Replying to: jweissi2 (Feb 21, 2009 2:08 pm)
I sure can, John. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2009 Lincoln MKZ 2WD with 10,500 miles per year are 0.75% and 47%, respectively. The numbers for an otherwise identical 39 month lease are 1.0% and 45%.
 
I believe that Ford is currently providing a $1,000 cash incentive on leases of the '09 MKZ right now. It is also waiving the first month's lease payment on this car in certain areas.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#74 of 155 Re: 2009 MKZ 2WD Lease Rates [jweissi2] by 10sfan

Mar 02, 2009 (10:01 am)

Replying to: jweissi2 (Feb 21, 2009 2:08 pm)
Would be interested if you were successful in negotiating a favorable lease and what was the monthly payment for either the 36 or 39 month term?

#75 of 155 Re: 2009 MKZ 2WD Lease Rates [10sfan] by jweissi2

Mar 02, 2009 (5:42 pm)

Replying to: 10sfan (Mar 02, 2009 10:01 am)
Not as of yet. 36 months seems to be cheaper than the 39, with payments in the $390 - $420 range with no money down, exclusive of tax, title, reg, etc. Still trying to find the right color/option combo.

#76 of 155 Re: 2009 MKZ 2WD Lease Rates [jweissi2] by thefordguru

Mar 02, 2009 (6:03 pm)

Replying to: jweissi2 (Mar 02, 2009 5:42 pm)
Have you checked out Lincoln's website? You can track the color/option combo down there. What's your zip and color/option combo? I can probably tell you who has it.
 
John

#77 of 155 Re: 2009 MKZ 2WD Lease Rates [10sfan] by jweissi2

Mar 16, 2009 (7:05 pm)

Replying to: 10sfan (Mar 02, 2009 10:01 am)
I had the deal negotiated for my mother, but as she was signing the paperwork they switched the term from 36 to 39 months at the last moment. ...can't figure out why. Have the Lease Rate and/or Residual Values changed???
 
Thanks!

#78 of 155 Re: 2009 MKZ 2WD Lease Rates [jweissi2] by thefordguru

Mar 16, 2009 (8:04 pm)

Replying to: jweissi2 (Mar 16, 2009 7:05 pm)
Yes, the residual and rate will be a little diffrent. I wouldn't worry over it. The payment should have been a little lower though if all the basic elements were the same.

#79 of 155 Looking to Sign this Week (or Next) by jweissi2

Mar 18, 2009 (7:31 am)

Can someone please update me on the latest and greatest Incentives, Lease Rate and Residual Values for a 36/39 month 10,500 mile per lease for the 2009 Lincoln MKZ for registration in FLA.
 
Trying to get this signed for my mother this week or next. (She's waited to the last minute and has limited her choice of color to Red...)
 
Thank you!

#80 of 155 Lease Payment Calculation Help by jweissi2

Mar 19, 2009 (9:35 am)

OK, so I thought I understood how lease payments are calculated, but apparently I must be misinformed. I just spent 15mins on the phone with a dealer who confirmed for a 2009 MKZ with 10,500 miles per annum
 
36 month 39 month
Lease Rate: 0.75% 1%
Residual Value 47% 45%
 
MSRP: $33,490
Cap Cost: $29,558
 
Payment ~$410.00 ~$402.00
 
He couldn’t explain why the 39 was cheaper…. Can anyone???

#81 of 155 Re: Lease Payment Calculation Help [jweissi2] by kyfdx@Edmunds HOST

Mar 19, 2009 (9:58 am)

Replying to: jweissi2 (Mar 19, 2009 9:35 am)
36 month
$29558 cap cost
$15740 residual
$13817 depreciation / 36 = $384/mo depreciation
 
39 month
$29558 cap cost
$15071 residual
$14487 depreciation / 39 = $372/mo. depreciation
 
The extra 2% depreciation results in a lower depreciation per month, because it's spread over a longer term... and more than makes up for the slightly higher interest rate..
 
regards,
kyfdx

#82 of 155 Re: Lease Payment Calculation Help [kyfdx] by jweissi2

Mar 19, 2009 (11:14 am)

Replying to: kyfdx@Edmunds (Mar 19, 2009 9:58 am)
THANK YOU!

Messages Page 9 of 17

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement