- #41 of 169
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residual value
by carquestion2
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Jun 03, 2007 (4:29 am)
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How do you check the accuracy of what the dealer lists as the residual value of the vehicle at the end of the lease period?
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- #42 of 169
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Got our Lincoln Friday
by billsyr
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Jun 06, 2007 (1:58 am)
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Replying to: hardhawk (May 27, 2007 2:49 pm)
Well, we picked up our Lincoln MDX and it's super. Gas mileage on a long trip we took this weekend was about 19mpg. Comfort was good except the front headrests. They lean forward and really are in the way. I went so far as to turn y wife's around so she could sit comfortably. Besides that the car rides very nice and the systems all work perfectly. The center backseat armrest does interfer with rearview to a minor degree. Our final price was very cometitive. I didn't get a chance to compare this to the new Ford Escape but I've been told it's very much the same car; just more expensive.
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- #43 of 169
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Got my Lincoln Saturday
by jak51
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Jun 06, 2007 (5:28 am)
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Replying to: billsyr (Jun 06, 2007 1:58 am)
I picked up my MKX Saturday. I got to use X-plan for the lease. I understand what you are saying about the headrests, but they are not as uncomfortable as in the Edge. They seem to lean even further forward in the Edge's I test drove and were really uncomfortable so I went with the Lincoln. The vehicle rides smoothly and finally got a vehicle that has some decent OEM tires on it. Amazed that at idle I don't feel engine vibration through the steering wheel at all! I have owned Nissan, Toyota and Honda and always had some engine feedback through the steering wheel. The only one besides the MKX that didn't was the Lexus RX350 but that was thousands more.
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- #44 of 169
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June Lease Rates - Anyone have?
by mistereed
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Jun 07, 2007 (10:26 am)
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Does anyone know the published lease rates and risidual % for the following
MKX MSRP 43230
36 mo 10.5k/12k
39 mo 10.5k/12k
Any help appreciated - this is for Ohio
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- #45 of 169
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Re: June Lease Rates - Anyone have? [mistereed]
by jak51
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Jun 07, 2007 (11:08 am)
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Replying to: mistereed (Jun 07, 2007 10:26 am)
I can tell you for 36 months the rate is 1.5% and the residual is 52% for a MKX and 51% for a MKX w/Ultimate package on 12K. I was told there were no anticipated changes for June, when I signed my papers May 31st. I am in IN, I would think they should be the same for Ohio.
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- #46 of 169
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Re: June Lease Rates - Anyone have? [jak51]
by ridge2
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Jun 18, 2007 (9:37 am)
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Replying to: jak51 (Jun 07, 2007 11:08 am)
When I purchased my car last month in May I was told it was 49% - I live in NJ. I thought that was low but each dealer told me the same when I was pricing the car.
I do have it and like the car a lot. But the glare is bad. But one gets use to it. 
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- #47 of 169
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Re: June Lease Rates - Anyone have? [ridge2]
by jak51
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Jun 19, 2007 (6:47 am)
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Replying to: ridge2 (Jun 18, 2007 9:37 am)
If your lease was 15K and you have the Ultimate package the residual was 49%. I have a 12K lease which puts the residual 2% higher.
The glare can be a challenge at times. I have the stone interior which is not too bad. I believe the glare is enhanced by the steep angle of the windshield. I just got off my Honda Pilot lease and it's windshield was not as angled as the MKX. It had some glare on sunny days even with the dark interior but not a much as the MKX.
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- #48 of 169
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Re: The month of May lease rates [dylcon]
by Car_man HOST
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Jun 21, 2007 (1:51 am)
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Replying to: dylcon (May 16, 2007 10:19 am)
Hi dylcon. The 36 month, 10,500 mile per year residual value for a base 2007 Lincoln MKX is currently 53%.
Car_man
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- #49 of 169
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Re: CURRENT LEASES INFO FOR 13212 [billsyr]
by Car_man HOST
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Jun 21, 2007 (1:59 am)
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Replying to: billsyr (May 20, 2007 9:45 am)
You're very welcome, billsyr. I'm glad that you find this site so helpful. Dealers are usually fairly hesitant to provide consumers with written quotes on vehicles and rightfully so because if they let you leave the dealership with a written offer there is a good chance that you will shop it all over town and never come back. The best way to get a good deal on the Lincoln MKX that you are interested in is to comparison shop for the lowest possible selling price. Once you have a selling price that you are comfortable with, have the dealer that gave you it calculate your truck's lease payment using its base lease rate. 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.
I see that you are considering trading in your Grand Cherokee when you get your new vehicle. There's nothing wrong with trading in your current vehicle when leasing, just make sure that you have the dealer that you trade it in to cut you a check for any equity that you have in it rather than using the proceeds from it as a down payment for your lease. I always advise consumers against making large down payments when leasing. Those who do risk losing all or part of the money that they put down if their leased vehicle is totaled in an accident or stolen and never recovered.
Car_man
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- #50 of 169
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Re: June Lease Rates - Anyone have? [mistereed]
by Car_man HOST
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Jun 21, 2007 (2:10 am)
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Replying to: mistereed (Jun 07, 2007 10:26 am)
Hi mistereed. Ford Credit's base lease rate and residual value for a 36 month lease of a 2007 Lincoln MKX (non-Ultimate) with 12,000 miles per year are 1.5% and 52%, respectively. The numbers for an otherwise identical 39 month lease are 1.75% and 50%. If you were to lease this truck with only 10,500 miles per year, its residual values would be 1% higher. When negotiating your lease on this truck, make sure to take the $1,000 lease cash that Lincoln is providing on it into account. It will help you to negotiate an attractive capitalized cost for your lease.
Car_man
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