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You are in the Prices Paid - Buying & Leasing Experiences
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Lincoln MKX, Car Leasing, Car Buying, SUV
#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.
#116 of 252 2008 MKX lease
Apr 17, 2008 (5:06 am)
I am wanting to lease a MKX for 36 months, 12k miles per year in Tx with a MSRP of $36,999. Please let me know the residual, money factor and how the current "red carpet lease" special they have effects me. Is the $2000 cash back taken off the price I negotiate for the car? Lastly, how much should I expect to pay for tax, tile and license, TTL and my payment per month. The dealer told me their would be 2800 cash due and the ad for the lease special on Lincoln's website indicates $0 at signing. Thanks!!
#117 of 252 Looking to lease an MKX
Apr 22, 2008 (4:56 am)
I'm starting to look at new leases, either the MKX or the Lexus RX350. I am looking for a 36 month lease/12,000 miles per year, AWD, Navigational and rear dvd system. I am in northern NJ. I am likely going to go to Town Motors in Englewood. I want to put down as little as pssibloe, of course. Anyone have recent experiences that they can share.