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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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#99 of 110
Re: MKZ lease [Car_man] by rj123456
Jul 26, 2009 (11:57 pm)
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Replying to: Car_man (Jun 15, 2009 1:59 am)

Actually I reread my lease docs and disagree...the residual value they estimated is $16.4K, which is a little bit LOWER than what they are selling for on Yahoo Cars (16.5-18.5K) and a also lower than Edmunds TMV ($17,443 $18,959 $20,239 for trade-in, private party, and dealer retail).
 
So what gives?
#100 of 110
august numbers by b0ywonda
Aug 04, 2009 (10:08 am)
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if possible can i have the august numbers
for 36 mos
12k
fwd
 
thank you in advance
#101 of 110
Re: MKZ lease [rj123456] by Car_man HOST
Aug 06, 2009 (2:40 am)
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Replying to: rj123456 (Jul 25, 2009 1:37 pm)

Hi rj123456. I doubt that you will be able to find a near-luxury sedan for $300 per month, perhaps in the high 3's...but not $300. An Acura TSX would probably be in the 3's before tax. The same goes for a base Volkswagen CC.
 
A Mercedes-Benz C300 would likely be in the low 4's with nothing down. The same thing goes for the Lexus ES 350 and BMW 328i.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#102 of 110
Re: MKZ lease [rj123456] by Car_man HOST
Aug 06, 2009 (2:49 am)
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Replying to: rj123456 (Jul 26, 2009 11:57 pm)

Hey rj123456. I just did a little research on the Zephyr for you. Back in 2006, Ford Credit's base lease rate and residual value for a 36 month lease of a 2006 Zephyr with 15,000 miles per year were 1.0% and 46%, respectively.
 
Flash forward to today, and while this car's lease rate is about the same, its residual value is only 41%. As I suggested in my previous post, the residual value for an equivalent car today is indeed less than it was when you leased yours several years ago.
 
A 5% drop in residual values may not seem like a lot, but on a $35,000 car with a $3,000 discount were talking about an increase of nearly $50 per month on a 36 month lease. This example is actually less extreme than many of the other drops in residual values that I have seen over the past several years.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#103 of 110
Re: august numbers [b0ywonda] by Car_man HOST
Aug 06, 2009 (3:20 am)
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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
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Prices Paid: Buying & Leasing Experiences Forum
#104 of 110
Re: MKZ lease [Car_man] by rj123456
Aug 07, 2009 (10:40 pm)
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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!
#105 of 110
Re: MKZ lease - ridiculous wear and tear estimate by rj123456
Aug 25, 2009 (11:33 pm)
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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.
#106 of 110
Re: MKZ lease - ridiculous wear and tear estimate [rj123456] by faellaf
Aug 26, 2009 (4:22 am)
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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)
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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.
#108 of 110
Re: MKZ Lease [jimmydean7] by Car_man HOST
Oct 09, 2009 (1:39 am)
Reply

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

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