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Lincoln MKX Lease Questions

137 messages,  Last post on Jul 08, 2008 at 7:12 PM

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

What is this discussion about? Lincoln MKX, Car Leasing, Car Buying, SUV


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#104 of 137
Re: Lease Rate on '08 MKX in IL [Car_man] by houston8
Jan 07, 2008 (3:55 pm)
Reply

Replying to: Car_man (Nov 26, 2007 5:04 am)

The '08 MKX I am looking at has a sticker of $43610. I would like to lease it for 39 months at 15k/year. What (with no money down) should I expect to pay per month after negotiating a price? Also, after a price is negotiated how (based on Ford's current lease rates) do you determine the exact lease price?
 
Thank you! I'm planning on leasing one this week.
#105 of 137
Re: Lease Rate on '08 MKX in TX[Car_man] by houston8
Jan 10, 2008 (1:49 pm)
Reply

Replying to: Car_man (Nov 26, 2007 5:04 am)

OK, so no response, but I think I got a pretty good deal given that the incentives are not all that great right now. Here's what I am picking up today:
08 MKX, Elite, Ultimate, Limited Edition.
39mo/15k per year
MSRP (inc dest.) $43088
$1500 Lease Rebate
$35500 Trade (Payoff same)
$2218.75 (tax credit)
49% Residual
3% Lease Rate
$0 down (except first month)
$567/month
This includes some sort of Extra Care Coverage that covers up to $2500 in excessive damages at the end of the lease.
Anyone want to weigh in as to how good a deal I got?
 
Thanks
#106 of 137
Re: Current Lease Rates [737capt] by Car_man HOST
Jan 31, 2008 (3:20 am)
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Replying to: 737capt (Dec 31, 2007 12:01 pm)

Hi 737capt. According to the latest information that I have seen, if you were to lease a 2008 Lincoln MKX AWD through Ford Credit for 36 months with 12,000 miles per year, its base lease rate and residual value would be 2.25% and 53%, respectively. When negotiating your lease on this vehicle, make sure to take the $1,500 lease cash that is currently available on it into account. It will help you to negotiate an attractive capitalized cost for your lease.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#107 of 137
Re: Lease Rate on '08 MKX in IL [houston8] by Car_man HOST
Jan 31, 2008 (3:51 am)
Reply

Replying to: houston8 (Jan 07, 2008 3:55 pm)

A houston8 we have a problem . You never mentioned the selling price of the MKX that you are interested in. I will calculate a sample lease payment on it for you, but I am going to have to make an assumption about the selling price. For now I will assume that you are being given a $3,000 dealer discount on this truck. Let me know if its selling price is different than this. According to my calculations, if you were to lease a 2008 Lincoln MKX 2WD that has an MSRP of $43,610 and a selling price of $39,110 (MSRP - $3,000 dealer discount - $1,500 lease cash) through Ford Credit right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $529.
 
You can use the formula that is outlined in the following article to calculate lease payments on your own: Calculate Your Own Lease Payment.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#108 of 137
2008 Lincoln MKX link by fogarty19
Feb 16, 2008 (3:25 pm)
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I'm trying to figure out if i'm getting a decent deal. I'm interested in leasing a 2008 MKX with an MSRP of 42225 and I am paying $39,500, edmunds.com says the dealer invoice price is 38,800. I'm also getting $2,000 in incentives ($1,500 rebate + $500 college incentive program). I was interested in leasing it at 24 months with 12,000 miles. The dealer here (Indiana) quoted me at 0 down for $565 a month (i think that is without taxes, if it is that + 6% sales tax would make it $598). Can you tell me if that is a decent deal? Also what should it be a month if i went up to 36 months
#109 of 137
Re: 2008 Lincoln MKX link [fogarty19] by mandkole
Feb 17, 2008 (9:29 am)
Reply

Replying to: fogarty19 (Feb 16, 2008 3:25 pm)

If 37500 is your adjusted cap, based on a 63% residual, I calculated about $538/mo w/out tx. What residual did they use? A 61% residual would have been right about what you were quoted. The key to the 24mo lease is the nice money factor of .5% or .000208.
 
The 36mo lease has a MF that is 5x higher at 2.5% or .00104. I recalled residual being about 51%. Your payment would be very close to the same.
#110 of 137
MKX Lease Rate In Chicagoland by scumfrog
Mar 05, 2008 (7:47 am)
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My lovely wife would like to lease an MKX. She wants it all prettied up w/4wd. I have been offered a 15k lease rate of $599/month w/ approx. $3500 down. I think I can do better. I would appreciate any info and would like to thank you all in advance.
Scumfrog
#111 of 137
Re: MKX Lease Rate In Chicagoland [scumfrog] by houston8
Mar 05, 2008 (12:37 pm)
Reply

Replying to: scumfrog (Mar 05, 2008 7:47 am)

There's no reason to put ANY money down on a lease except for the first month's payment. Our 08 MKX has every option except 4WD and stickered for $43300. We paid $39600 plus got a $1500 rebate (I had a trade of $36k so we saved quote a bit of tax). Our payment for a 36 month, 15K lease is $564 including tax. The only thing we paid was the first month's note.
Hope this helps.
#112 of 137
Re: MKX Lease Rate In Chicagoland [houston8] by scumfrog
Mar 05, 2008 (12:43 pm)
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Replying to: houston8 (Mar 05, 2008 12:37 pm)

Thank you Houston. If I may ask, are you in the Chicagoland area? Your info is very helpful.
Thanks
Scumfrog
#113 of 137
I WANT TO LEASE MKX DOES ANYONE KNOW THE DEALS by cindystar
Mar 13, 2008 (10:39 pm)
Reply
The '08 MKX I am looking at has a sticker of $44610. I would like to lease it for 39 months at 12k/year. What (with3000 TOTAL down) should I expect to pay per month after negotiating a price? Also, after a price is negotiated how (based on Ford's current lease rates) do you determine the exact lease price?
OR NOTHING DOWN JUST (500)
  
Thank you! I'm planning on leasing one this week. NY/NJ AREA

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