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Lincoln MKX, Car Leasing, Car Buying, SUV
#106 of 252 Re: Current Lease Rates [737capt]
Jan 31, 2008 (2:20 am)
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.
Prices Paid: Buying & Leasing Experiences Forum
#107 of 252 Re: Lease Rate on '08 MKX in IL [houston8]
Jan 31, 2008 (2:51 am)
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.
Prices Paid: Buying & Leasing Experiences Forum
#108 of 252 2008 Lincoln MKX link
Feb 16, 2008 (2:25 pm)
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 252 Re: 2008 Lincoln MKX link [fogarty19]
Feb 17, 2008 (8:29 am)
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 252 MKX Lease Rate In Chicagoland
Mar 05, 2008 (6:47 am)
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.
#111 of 252 Re: MKX Lease Rate In Chicagoland [scumfrog]
Mar 05, 2008 (11:37 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 252 Re: MKX Lease Rate In Chicagoland [houston8]
Mar 05, 2008 (11:43 am)
Thank you Houston. If I may ask, are you in the Chicagoland area? Your info is very helpful.
#113 of 252 I WANT TO LEASE MKX DOES ANYONE KNOW THE DEALS
Mar 13, 2008 (9:39 pm)
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
#114 of 252 Re: I WANT TO LEASE MKX DOES ANYONE KNOW THE DEALS [cindystar]
Mar 14, 2008 (5:44 pm)
Cindy, there are some good deals out there. But never put more than the absolute minimum down on a lease. $3,000 is about $1400-$1500 too much. If the car is totaled or stolen you will never see that money again. I was looking for an MKX before I decided to go with an Acura RDX. I saw some pretty good deals in the ad for Maplecrest in Northern NJ, or Wayne LM.
#115 of 252 Current Lease rate/ MF?
Mar 23, 2008 (2:31 pm)
Looking at the current zero due at signing offer on MKX for 459 a month for 39 months.
Interested to know what the Rate/ MF are on those and how they change with a 24 month lease, 36 month lease and either 15k or 18k miles a year.
PS i have xplan pricing available and am interested to know if the demand on these is big or not. I live in socal and havent seen any of these on the road.