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Lincoln Navigator: Lease Questions

103 messages,  Last post on Mar 17, 2009 at 11:56 AM

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What is this discussion about? Lincoln Navigator, Car Leasing, SUV

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#65 of 103 Re: Navigator lease, rates, cash questions [mcgdoc] by Car_man HOST May 16, 2007 (2:49 am)
Replying to: mcgdoc (May 04, 2007 6:38 pm) Hi mcgdoc. Unfortunately, I do not believe that the $1,000 dealer cash that is currently available on the '07 Lincoln Navigator is compatible with its special lease program. The $1,500 customer cash isn't either. Having said this, Ford is providing a $3,000 lease cash incentive that can be used to reduce the capitalized cost of Navigators that are leased through Ford Credit. "Red Carpet" is just the brand name for leases through Ford Credit. Ford Credit's current base lease rate and residual value for a 36 month lease of an '07 Lincoln Navigator Ultimate 2WD with 15,000 miles per year are 1.75% and 46%, respectively. The numbers for an otherwise identical 24 month lease are 0.5% and 55%. As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. One can convert its published lease rates into approximate money factor equivalents by dividing them by 2400.   Car_man Host Prices Paid Forum
#66 of 103 Lease option... by jfpetey May 18, 2007 (11:13 am)
Hi mr car guy, I am looking to get a sanity check on a lease plan:   MSRP - 57130.00 Invoice - 53298.40 A plan - 51196.65    $0 down   $3000.00 Rebate ( Covers all Drive offs)    Money Factor - 1.75%    Residual - 46%   Payment - $771.79   Does this look good?   How should a yet to be negotiated trade-in impact this given the hook up with the A plan?   Thx in advance Replies to this message: Car_man (Jun 21, 2007 2:14 am)
#67 of 103 Navigator Lease - Does this look right? by loopcfl Jun 15, 2007 (6:27 am)
Hello – Although I’ve found this site extremely useful this is my first post. I’ve been looking at Expedition Ltd. and Navigators. This would be my 4th Expedition I’ve leased but I’ve never fully understood how the payments are calculated so I’d like some help understanding the calculations used to determine a lease payment. I am X-Plan eligible. I have no problem allowing the dealers to make their money but I want to make sure I get a good deal too.   Here’s what I’ve asked for…. - 36 – 39 month lease - 15K miles per year - 0$ down - X-Plan eligible   I recently received a quote back from my local Lincoln dealer and would like to know if it looks legit. Here’s what they sent me:   "I was able to get the information that you requested from us. For a 36 month lease, it is 46% residual at 15,000 miles, $3,000 rebate, 1.75% rate with your county taxes. I gave you the X Plan price of $46,731.11 plus tax, tag, title; with no dealer fees are charged and the MSRP is $49,365.00. For the 39 month lease, it is 44% residual at 15,000 miles, $3,000 rebate, 2.0% rate with your county taxes. I gave you the X Plan price of $46,731.11 plus tax, tag and title; with no dealer fees and the MSRP is $49,365.00 plus tax, tag and title.    The leasing for 0 money down and 15,000 miles per year will $728.00 with tax for 36 months. For 39 months, it will be $710.00 with tax. Please let me know when you would like to come in."   Based on the last couple of Expeditions I’ve leased I was expecting the X-plan pricing to be better. Please help me understand these offers and let me know what you think.   Thanks in advance! Replies to this message: akirby (Jun 15, 2007 6:49 am) loopcfl (Jun 15, 2007 8:53 am) akirby (Jun 15, 2007 10:39 am) Car_man (Jun 21, 2007 2:20 am)
#68 of 103 Re: Navigator Lease - Does this look right? [loopcfl] by akirby Jun 15, 2007 (6:49 am)
Replying to: loopcfl (Jun 15, 2007 6:27 am) Closest I could find was MSRP $49,500 and the X plan price is $45,075 before the rebate. If you have X plan PIN the dealer is required to show you the invoice on the vehicle which will clearly show the X plan price in the lower left hand corner. This way you can be sure you're getting the right price. Rebates will vary by region and vehicle and date so you'll have to go with what the dealer says on that.   There is probably a $595 acquisition fee that gets added to the X plan price for a RCL. This seems to be legitimate even for X plan according to the Ford hotline.   Can't say anything about the interest rate or the payments other than $700+ for a 3 yr lease seems awfully high. The residuals look about right to me. Replies to this message: loopcfl (Jun 15, 2007 8:53 am) akirby (Jun 15, 2007 10:39 am)
#69 of 103 Re: Navigator Lease - Does this look right? [akirby] by loopcfl Jun 15, 2007 (8:53 am)
Replying to: akirby (Jun 15, 2007 6:49 am) Thanks for the quick reply! Does the $3000 rebate get subtracted from the X-Plan price to determine the selling price? How is the residual value calcualted - is it based off of the selling prices or MSRP? I told you I was somewhat naive to leasing although even though I've been doing it for the last 10 years. Replies to this message: akirby (Jun 15, 2007 10:39 am)
#73 of 103 Re: Navigator Lease - Does this look right? [loopcfl] by akirby Jun 15, 2007 (10:39 am)
Replying to: loopcfl (Jun 15, 2007 8:53 am) Yes, the applicable rebates should be deducted from the X plan price. This is what you would pay if you were buying the vehicle outright and should be the basis for the RCL.   I don't know about the residual values. Could be either way.

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