Ask the Car People.SM


Lincoln MKX Lease Questions

251 messages,  Last post on Jun 11, 2013 at 11:07 AM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 18 of 26

#164 of 251 Re: Lease Rate and Residule for Aug [ajoag] by Car_man HOST

Aug 07, 2009 (2:44 am)

Replying to: ajoag (Aug 06, 2009 5:27 pm)
Hi ajoag. Lincoln's incentives on the 2010 MKX are basically the same in August as they were in July. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2010 MKX AWD with 15,000 miles per year are 2.75% and 48%, respectively.
 
When negotiating on this truck, which I was pleasantly surprised with when I had an opportunity to spend some time with one, make sure to take advantage of the $1,000 bonus cash that Ford is currently providing on it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#165 of 251 Re: Lease Rate and Residual for Aug [Car_man] by ajoag

Aug 07, 2009 (2:13 pm)

Replying to: Car_man (Aug 07, 2009 2:44 am)
Thanks car_man. A dealer in my area is offering lease rate of 3.0% and 48% residual for 36 months/10500 miles per year. He says is lease program has changed this month. Wonder if that is true?

#166 of 251 2009 MKX Demo Lease in Texas by gstzman

Aug 21, 2009 (3:16 pm)

Hi there!
MSRP $45,180
Discount $3,347
Rebate $1,500
Sale Price $40,333
Demo with 3,983 miles on it.
Want to do a 39 mo lease with 0 down.
Sounds like 2.75% and 43% are about right on lease rate and residual.
I don't think this would be a very good deal on a brand new car.
I think he should get down to $36,000 for a sale price.
Should I ask for more than that since it's a demo and an '09?
Thanks much!

#167 of 251 Re: Lease Rate and Residual for Aug [ajoag] by Car_man HOST

Aug 27, 2009 (3:52 am)

Replying to: ajoag (Aug 07, 2009 2:13 pm)
No problem, ajoag. I'm pretty sure that the numbers that I provided you with is the correct program for August.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#168 of 251 Re: 2009 MKX Demo Lease in Texas [gstzman] by Car_man HOST

Aug 27, 2009 (4:00 am)

Replying to: gstzman (Aug 21, 2009 3:16 pm)
Hi gstzman. The truck that you are interested in has a spread of around $4,000 between its full MSRP and its dealer invoice price. The $3,347 dealer discount that you were quoted puts you at around $650 over invoice, that's a pretty good deal on a normal MKX.
 
The problem is that this is a demo model. The problem that I have with demos is that I usually find that dealers are not willing to provide a substantial enough additional discount for me personally to justify purchasing what essentially is a low mileage used vehicle over an otherwise identical brand new one. I personally would want at least another $2,000 knocked off of this vehicle's price to go for a demo with 4,000 miles on it. At the very least, you should get the dealer to knock another $1,000 off of the $650 over invoice price because this is a demo.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#169 of 251 Re: Possible Lease Scam [Car_man] by jayrider

Oct 23, 2009 (3:29 pm)

Replying to: Car_man (Jul 21, 2009 2:48 am)
As an older gent, would add a suggestion to negotiation re the dealer mistake. Make sure it was a mistake. Be very controlled and respectful in communications. Tell them that you love the car and this 750 error is making a good thing feel bad. You can't increase your payments and would like to know what they feel would be a fair resolution. Don't throw out the "take this car back card yet" Listen to what they have to say--take notes. Don't accept or reject --- ask to talk with the owner. I'm sure the f&I guy would be pleased to have you discuss his mistake with the boss. Be nice -- you won't give them an excuse to label you as an a-hole. If they ask you what you want make sure you know what they offered. Of course, you want a total pass on the 750. Hope you get it. If you split the difference, I would ask for 4 years of maintenence [oil/rotations/filters] at least for your 325.. Maybe car-man can add a way to offset the 325. Of course I would wait until after I had a respectful discussion with the owner before I'd give a dollar. These guys are used to screamers in the complaint process. You have much more control if you stay firm, rational, and reasonable.

#170 of 251 Re: Possible Lease Scam [jayrider] by finsright

Dec 11, 2009 (8:23 am)

Replying to: jayrider (Oct 23, 2009 3:29 pm)
Need quick advice. Have Lease quote for $599.99 per month, no money down, residual 51%, Lease rate 2.5%. MSRP is 42,230, basically doesn't have Navigation, Pan Roof, heated rear seats......$2500 rebate.....I need to know quickly, is this good deal or can he do better?

#171 of 251 Re: Possible Lease Scam [finsright] by kyfdx@Edmunds HOST

Dec 12, 2009 (7:21 am)

Replying to: finsright (Dec 11, 2009 8:23 am)
Car_man is the leasing expert, and I'm sure he'll be along soon..
 
But, one way to judge a leasing deal... is to know the selling price they are using to calculate the lease.. You'll have to ask them for that number. The last Ford-related lease paperwork that I saw was pretty specific about all aspects of the deal, so this info shouldn't be hard to get.
 
You'll also need to specify length of term..... and, if that number includes taxes... and, how much you'll have to pay at lease signing for your "no money down" deal..
 
regards,
kyfdx

#172 of 251 Re: Possible Lease Scam [finsright] by Car_man HOST

Dec 16, 2009 (3:58 am)

Replying to: finsright (Dec 11, 2009 8:23 am)
Hi finsright. The lease rate that you were quoted to lease the MKX that you're interested in looks great. How good a deal this is depends upon what selling price you are being charged for the truck that you're interested in. the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. It is important for consumers to find out exactly how much they are being charged for the vehicle that they want before agreeing to lease it.
 
One could back into an approximate selling price using the numbers that you provided in your post, but it's better to hear it straight from the horse's mouth. Let us know how much you are being charged for this MKX and I'm sure that either myself or another community member will gladly let you know what they think.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#173 of 251 MKT - Calling Car man by dollar_pound

Dec 29, 2009 (12:25 pm)

Replying to: Car_man (Dec 16, 2009 3:58 am)
Hi I am looking to lease MKT or Merc R/GL class, cant make up my mind yet. MKT seems better value. Can you post the lease rates for MKT, I do see any forum for it so assuming the interest is less. Any help would be great...thanks as always car_man!

Messages Page 18 of 26

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement