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Lincoln MKX Lease Questions

136 messages,  Last post on Jun 26, 2008 at 6:23 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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#53 of 136
New July Lease Rates by hardhawk
Jul 09, 2007 (8:12 am)
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Car Man:
 
Can you post the lease rates and residuals for the 2007 MKX Ultimate both AWD and FWD for 36 and 39 month leases with 12000 miles per year? The information was supposed to change today. Thank you.
#54 of 136
Leasing in NJ by tadboys
Jul 09, 2007 (11:31 am)
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Can someone please tell me if this is a good deal?
36 mos. lease with 13,500 miles/yr. allowance, cash due of $1,200 and trade-in of $16,000 on a Lincoln MKX AWD ultimate demo model with 5,500 miles:
List Price 40,725
less Cust. Disc. 3,245
Selling price 37,480
less Trade-in Value 16,000
Trade Diff. 21,480
+ Sales Tax 1,511
+ Doc. Fee 197
+ Motor Vehicle Fees 351
      Sub-total 23,536
less Lien Payoff 16,000
Sub-total 39,539
less MFG Rebate 3,000
Total Purchase Price 36,539
 
Summary Lease Numbers:
36 mos. at $475.87 a month with residual value of $20,362.50
 
Thanks, in advance.
#55 of 136
Re: Leasing in NJ [tadboys] by prairiecritter
Jul 09, 2007 (1:01 pm)
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Replying to: tadboys (Jul 09, 2007 11:31 am)

I'm not qualified to answer your question, tadboys, but I had a question about where you came up with $3,000 MFG rebate. I just re-checked their website, and am only seeing $1,000 RCL rebate. Are there others (regional?) that I'm not aware of? Thanks!
#56 of 136
Re: Leasing in NJ [prairiecritter] by tadboys
Jul 09, 2007 (1:18 pm)
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Replying to: prairiecritter (Jul 09, 2007 1:01 pm)

The number was given to me by the dealer. Yah, I went to the showroom expecting the $1,250 RCL cash offer...
 
Anyway, I don't know if including the trade-in value of my current lease is better, or if I should just take the early termination discount (up to 3 last payments) and consider a brand new lease of a Lincoln.
#57 of 136
July Lease Stats by aepheme
Jul 10, 2007 (10:40 am)
Reply
Heard back from a Ford/Lincoln/Mercury dealer today:
 
MKX AWD 24mos/12k lease
$1750 rebate
APR of 0.25%
Residual of 61%
#58 of 136
MKX new lease program by timothy2001
Jul 11, 2007 (8:56 am)
Reply
Looking for the rates and residuals for the new lease programs that came out yesterday. I someone can post them for 36, 39 and 48 months.
 
Thanks very much.
#59 of 136
Re: Got my Lincoln Saturday [jak51] by ka2
Jul 31, 2007 (11:27 am)
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Replying to: jak51 (Jun 06, 2007 6:28 am)

HI We are looking to buy the MKX liked it but were bothered by the road noise- I was wondering if the OEM tires you mention cut down on that at all? The one we tried had Michelans. If anyone knows of quieter tires that don't make you feel every road bump could you share your experience -thanks
#60 of 136
Re: July Lease Rates - Any updates? [prairiecritter] by Car_man HOST
Aug 01, 2007 (2:45 am)
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Replying to: prairiecritter (Jul 08, 2007 6:58 pm)

Welcome prairiecritter. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Lincoln MKX AWD with 12,000 miles per year are 1.5% and 51%, respectively. The lease rate for a lease with only 10,500 miles per year would be the same, but the residual value would be 1% higher.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#61 of 136
Re: New July Lease Rates [hardhawk] by Car_man HOST
Aug 01, 2007 (2:51 am)
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Replying to: hardhawk (Jul 09, 2007 8:12 am)

Here's the information that you're looking for, hardhawk. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Lincoln MKX AWD with 12,000 miles per year are 1.5% and 51%, respectively. The numbers for an otherwise identical 39 month lease are 1.75% and 49%. The lease rates for the FWD version of this vehicle are the same, but its residual values are 1% lower.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#62 of 136
Re: Leasing in NJ [tadboys] by Car_man HOST
Aug 01, 2007 (2:59 am)
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Replying to: tadboys (Jul 09, 2007 11:31 am)

Hi tadboys. The vehicle that you described probably has a spread of just under $3,500 between its full MSRP and its dealer invoice price. The $3,245 discount that you are being given on it looks good to me. I'm not sure where the $3,000 rebate that you mentioned came from though. Lincoln is currently only providing $1,250 - $1,500 lease cash on this model. It does have some dealer cash out there, but I don't think that the total amounts to $3,000.
 
You never mentioned the lease rate that is being used to calculate your payment, but make sure that the dealer you are working with uses Ford Credit's current base rate of 1.5%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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