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You are in the Prices Paid - Buying & Leasing Experiences
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Lincoln MKX, Car Leasing, Car Buying, SUV
#24 of 252 Re: MKX lease rates [txlablover]
Apr 18, 2007 (1:44 am)
Greetings txlablover. 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. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Lincoln MKX 2WD or AWD (their lease programs are the same) with 12,000 miles per year are 1.75% and 52%, respectively. The numbers for an otherwise identical 48 month lease are 4.5% and 43%. When negotiating your lease on this truck, keep in mind that Lincoln is providing $500 lease cash and waiving the first month's lease payment on it.
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#25 of 252 The month of May lease rates
May 01, 2007 (6:20 pm)
Does anyone know the lease factors for the MKX for the month of May.... money factor and residuals for either a 36k or 45k miles and any incentives that apply to a May lease.
#26 of 252 Decent deal?
May 10, 2007 (6:52 am)
Stopped down at Lincoln to get a price on a new MKX for a lease and was wondering if this was considered a fair deal (I thought so).
A loaded MKX AWD with the Elite pkg, came to a selling price of $41,875.
On a 24 month lease with 10,500 miles/yr the payments were $520/mo including tax; I'd have to put $1,800 down.
#27 of 252 Re: The month of May lease rates [magoo99]
May 16, 2007 (2:30 am)
Here's the information that you're looking for, magoo99. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Lincoln MKX with 15,000 miles per year are 1.5% and 50%, respectively. With only 12,000 miles per year, this truck's residual value would be 2% higher. As you can see, Ford Credit publishes lease rates for the vehicles that it leases instead of money factors. You can convert its published lease rate into an approximate money factor equivalent by dividing it by 2400. When negotiating your lease on this truck, make sure to take advantage of the $1,000 lease cash that is currently available on it. This cash will help you to negotiate an attractive capitalized cost.
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#28 of 252 Re: Decent deal? [dylcon]
May 16, 2007 (2:32 am)
Hi dylcon. What is this truck's full MSRP? I ask because it will show me how much of a discount you are being given, which will help me to formulate an opinion of your deal. Make sure that the dealer that you are working with is using Ford Credit's amazing base lease rate of 0.25% to calculate your monthly payment.
Prices Paid Forum
#29 of 252 Re: The month of May lease rates [Car_man]
May 16, 2007 (10:19 am)
What is the residual on a 36 month lease with 10,500 miles/yr...53% or 54%?
#30 of 252 Is dealership trying to screw me?
May 17, 2007 (12:56 pm)
Something's not right with this deal I was just offered on an x plan.
X plan price $38,857
Lease cash rebate $1,000
$1,000 cash down
36 months, 10,500 miles/yr
Shouldn't the residual be higher (area zip 34677) on this vehicle, and the monthly payment lower (around $548)?
#31 of 252 CURRENT LEASES INFO FOR 13212
May 20, 2007 (9:45 am)
I find this site very informative. Want to say thanks to all the buyers and to Carman for sharing.
We're in the market for a MKX with a dealership visit scheduled for Tuesday. We're going to Driver's Village, North Syracuse (Cicero maybe). It's one of these new mega dealerships that sell almost every brand of car. I did some online viewing and got a call from the dealership of course. Before I go, can you give me some heads up of what to look for. What to ask. We have a Jeep Grand Cherokee with an expiring lease. We looked at the new Jeeps and found them way off the mark in quality; cheap actually for the price and lease forward dealers are not available on most of what they do have so we asked the sale rep to show us something else. He suggested either the Lincoln or a Nissan. We're going to test drive both and I'm sure they'll want to make us an offer. How does one get the 'best offer' on paper so you can leave...think about it and maybe even comparison shop. What is the current lease rates in our area for 15k/yr. We also have a '99 Grand Am to trade in. How should I go about this and keep the deal fairly clean and not let it all become the monthly payment sales tricks?
#32 of 252 Good deal or no deal for a MKX lease
May 23, 2007 (7:57 am)
will be getting my MKX - vivid red MKX next week. Is there a way to know if I have a good lease deal?
I am leasing the MKX with only the ultimate package showing MSRP of $38440 for $444 a month.
Here are the details
- May incentives of $1250 cash rebate
- $1000 MFG to customer rebate sent to me from FORD
(no other money put down),
- 39 months with 12000 miles,
- money factor based on 1.5% top tier credit
_ Monthly lease including taxes $444 a month.
- Only other expense will be my "out the door" which I will pay separately for a total of $1567
THis is in New Jersesy
Hoping I am getting a good lease deal.
#33 of 252 Re: Good deal or no deal for a MKX lease [ridge2]
May 23, 2007 (12:35 pm)
Dear Ridge2. We're in the process of buying much the same car in a dif color. Offer we got was $38,000 at 1.5%, too. We haven't talked payments yet. The dealer here (Drivers' village), has not mentioned the incentives and rebates you noted in your message....so that's good to hear about. I'll have to ask! Thanks.