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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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#116 of 137
2008 MKX lease by txbelle1
Apr 17, 2008 (6:06 am)
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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 137
Looking to lease an MKX by marks1965
Apr 22, 2008 (5:56 am)
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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.
#118 of 137
Lease by vinnieg1
Apr 22, 2008 (7:32 am)
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I jist leased an MKX w/ ultimate package for 39 months 0 down sign and drive $500 per month. Without ultimate package about 450 per month. 10.500 miles oer year. Miles per year are negotiable. Good Luck.
#119 of 137
Re: Lease [vinnieg1] by marks1965
Apr 22, 2008 (8:05 am)
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Replying to: vinnieg1 (Apr 22, 2008 7:32 am)

Thanks for the infromation. What geographic area are you in.
#120 of 137
mkx lease by vinnieg1
Apr 22, 2008 (8:10 am)
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Orlando Florida
#121 of 137
Re: Looking to lease an MKX [marks1965] by hamom
Apr 22, 2008 (11:54 am)
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Replying to: marks1965 (Apr 22, 2008 5:56 am)

I just got a quote yesterday from Schultz Lincoln in Nanuet, NY. They are telling me that 36 mo, 15K miles a year, with all the options you mention...do money down, except first payment...and they are quoting me $600 a month. This is a car with every bell and whistle....
#122 of 137
Re: Looking to lease an MKX [hamom] by marks1965
Apr 22, 2008 (12:48 pm)
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Replying to: hamom (Apr 22, 2008 11:54 am)

Thanks for the info. I would be looking at 12,000 miles, so maybe less than $600 may work. It's interesting because I have a Murano right now, with every bell and whistle. The price of the truck at the time I leased it was more than $43,000, which is comparable to the Lincoln With no money down, my monthly payment is $409.
#123 of 137
Re: Current Lease rate/ MF? [kylechoffman] by Car_man HOST
Apr 23, 2008 (3:30 am)
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Replying to: kylechoffman (Mar 23, 2008 3:31 pm)

Hello kylechoffman. Ford Credit's base lease rate and residual value for a 24 month lease of a 2008 Lincoln MKX AWD with 15,000 miles per year are 0.50% and 57%, respectively. The numbers for an otherwise identical 36 month lease are 2.25% and 48%. The residual values for leases with 18,000 miles per year would be 2% lower. As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. Make sure to take the lease cash that is available on this truck into account when negotiating your lease.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#124 of 137
Re: 2008 MKX lease [txbelle1] by Car_man HOST
Apr 23, 2008 (3:40 am)
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Replying to: txbelle1 (Apr 17, 2008 6:06 am)

Hi txbelle1. Lincoln's normal cash incentives are not compatible with its special lease program, but it does have specific cash incentives that are. I believe that Lincoln's current lease cash on this model is $2,000. In addition to this, Lincoln is waiving the first month's payment on leases right now. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2008 Lincoln MKX AWD with 12,000 miles per year are 2.25% and 50%, respectively. As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. You can convert its base lease rate into an approximate money factor equivalent by dividing it by 2400.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#125 of 137
Re: 2008 MKX lease [Car_man] by txbelle1
Apr 23, 2008 (6:01 pm)
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Replying to: Car_man (Apr 23, 2008 3:40 am)

Thanks for the info! So, I should deduct $2000 cash from my final negotiated sales price correct? Then convert the lease rate of 50% by dividing by 2400?
Also in Tx how would I figure out TTL? In the advertisements it indicates $0 dwn sp can I roll TTL into my lease payment rather than pay up front for TTL?

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