- #60 of 169
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Re: July Lease Rates - Any updates? [prairiecritter]
by Car_man HOST
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Aug 01, 2007 (1:45 am)
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Replying to: prairiecritter (Jul 08, 2007 5:58 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
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- #61 of 169
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Re: New July Lease Rates [hardhawk]
by Car_man HOST
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Aug 01, 2007 (1:51 am)
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Replying to: hardhawk (Jul 09, 2007 7:12 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
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- #62 of 169
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Re: Leasing in NJ [tadboys]
by Car_man HOST
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Aug 01, 2007 (1:59 am)
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Replying to: tadboys (Jul 09, 2007 10:31 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
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- #63 of 169
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Re: MKX new lease program [timothy2001]
by Car_man HOST
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Aug 01, 2007 (2:13 am)
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Replying to: timothy2001 (Jul 11, 2007 7:56 am)
Here's the information that you're looking for, timothy2001. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Lincoln MKX AWD with 15,000 miles per year are 1.5% and 49%, respectively. The numbers for an otherwise identical 39 month lease ate 1.75% and 47%, respectively. Lastly, the numbers for an otherwise identical 48 month lease are 4.5% and 40%. When negotiating your lease on this vehicle, make sure to take advantage of the $1,250 to $1,500 lease cash (the exact amount varies by region) that is currently available on it.
Car_man
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- #64 of 169
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'07 or '08 MDX
by homelucy
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Aug 13, 2007 (11:26 am)
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I'm interested in the MDX with Ultimate and Elite packages and am trying to figure out what people are paying for the car. According to my NNJ dealer, a 39 month quote is the best. He is in the process of getting back to me but I would like to know current lease rates and residuals on the car and where I can find a calculator to help me understand what I SHOULD be paying for lease payments. Thanks for any help!!!
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- #65 of 169
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Opps!
by homelucy
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Aug 13, 2007 (11:27 am)
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I'm interested in the MKX...not the MDX! All this car lingo gets crazy in my head! 
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- #66 of 169
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Re: '07 or '08 MDX [homelucy]
by tadboys
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Aug 13, 2007 (12:11 pm)
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Replying to: homelucy (Aug 13, 2007 11:26 am)
I recently got a 39-month lease on a 2007 MKX AWD with the Ultimate package (and power liftgate), navigation system, Sirius radio, etc. with an MSRP of $40,725. I did not get the Elite package because I was not interested in the vista roof - as is, the car I got was pretty loaded. With 10.5K annual mileage allowance and cash-out of $1,200, my monthly payment is $450.00
I leased the MKX from Flemington Ford Lincoln and appreciated how well they attended to me that I gave them the following review:
http://www.edmunds.com/dealerships/NewJersey/Flemington/FlemingtonFordLincolnMer- curyNissan/fullsales.4301.newOld.html
Regardless, you should still continue to do your homework and negotiate the best deal you can, especially if you choose a 2007 model. The 2008 version is coming soon and dealerships will want to make room for them by clearing out this year's model.
Good luck!
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- #67 of 169
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Re: MKX new lease program [Car_man]
by homelucy
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Aug 14, 2007 (1:56 pm)
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Replying to: Car_man (Aug 01, 2007 2:13 am)
With the information that you just provided, what is a better deal? The 36 or 39 month lease? Also, I am a high mileage driver that has resitricted inome but the need for a high end vehicle for my work. In the future, my income will increase. Would you suggest taking a lease today with 10K miles per year and just buying the car at the end of the lease if it's reasonable? The residual on a fully loaded MKX looks like it would be around $19,000 after 3 years.
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- #68 of 169
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Re: Leasing in NJ [tadboys]
by homelucy
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Aug 14, 2007 (2:01 pm)
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Replying to: tadboys (Jul 09, 2007 10:31 am)
What dealership did you go to?
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- #69 of 169
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Re: MKX new lease program [homelucy]
by tadboys
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Aug 15, 2007 (8:34 am)
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Replying to: homelucy (Aug 14, 2007 1:56 pm)
I believe that a few years ago, part of the differentiation between a 36 and a 39 month lease was the warranty. The reasoning was that if your coverage was for 3 years, avoid the 39 month lease; else, you have to cover the 3-month gap. The MKX provides a 4 year warranty, so this reasoning becomes moot. There were other distinctions but for me, it really was a matter of $25 between the two plans.
If you're leaning towards a 10K mileage plan with a residual of 51% (39 months) or 52% (36 months) and then buying the car at the end of the lease, you really should negotiate the best deal you can (i.e., with the lowest selling price as the starting point).
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