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Prices Paid: Buying & Leasing Experiences Lincoln MKX Lease Questions
140 messages, Last post on Sep 28, 2008 at 9:51 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: pablo651 (Jan 18, 2007 10:56 am) Sounds like quite a Vegas gamble - trying to convince Acura to sell u a vehicle on a Ford A plan. (Anyone for STOOOPID letter names still???) |
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Replying to: pablo651 (Jan 18, 2007 10:56 am) MSRP: $39,080 18,000/ Miles Year 24 mos $2500 down ~$3100 due at delivery $440 month. A-Plan MSRP: $41,880 18,000/ Miles Year 24 mos $2500 down ~$3100 due at delivery $496 month. A-Plan |
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ok, what the heck is the "A-plan"???  What's the deal? Can anybody get it if they wish? You gotta give those of us who live in places other than Detroit a little slack.  thx
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Replying to: monkstermann (Jan 19, 2007 11:28 pm) |
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Replying to: pablo651 (Jan 18, 2007 10:56 am)  . I don't blame you for getting confused with the alphabet soup of new vehicle names out there. Ford Credit's lease program for this vehicle varies by term and mileage allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 MKX AWD with 15,000 miles per year are 1.5% and 51%, respectively. If you provide me with the full MSRP and approximate selling price of the exact model that you are interested in I would be happy to estimate what your lease payment should be. Car_man Host Prices Paid Forum
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Replying to: Car_man (Feb 11, 2007 10:26 am)
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Here is an offer I received. Anyone seen anything better? Comments? I live in Ohio. The figures on the MKX we optioned for you are as follows: 39 mos lease  10,500 miles per year: MSRP: 42,115.00 X plan : 39,446.85 L.E.V.%:52% lease end value:21,899.80 APR %: 1.75% amount due start:1,176.76(includes 1rst payment,security deposit,cap cost,annual fees) total monthly payment:546.76 |
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MSRP 43890.00 XPlan 40945.37 ?7.00% + Up Front Sales Tax? 1485.39 ?Bank Acquisition Fee? 595.00 39 mo/10,500/yr LEV=51% LEV=22,383.90 mo pmnt 529.28 lease charge 47.38 base mo payment 576.66 questions 1)i thought taxes were based on the monthly payment and not "up front"? 2)what is a bank acquisition fee for 595.00? 3)dealer said APR is 1.75 so i cant figure out how they came up with $47.38/mo for that? 4)does dealer have any say in the LEV%? my previous quote for same term w/slightly different options had LEV 52%
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Replying to: pablo651 (Feb 11, 2007 12:00 pm) Car_man Host Prices Paid Forum |
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Replying to: mistereed (Feb 23, 2007 7:50 am) All banks that lease vehicles to consumers charge what is known as an acquisition fee. Ford Credit charges an acquisition fee of $595 on every Ford, Lincoln, or Mercury vehicle that it leases. Individual dealers do not have the authority to waive this fee, but you can add it into your vehicle's capitalized cost to make it part of your monthly payment instead of paying it at lease signing if you want. The 1.75% lease rate that you were quoted is right in line with Ford Credit's base lease rate for a 39 month lease of a 2007 Lincoln MKX right now. You can use the formula that is outlined in the following article to calculate what the monthly payment on this truck should be: Calculate Your Own Lease Payment. In order to use the formula though, the lease rate that you were quoted has to be converted into a money factor. To do that you have to divide it by 2400. So, a lease rate of 1.75% is equivalent to a money factor of around 0.00073. Vehicles' residual value percentages are set by the bank that you are leasing through. Individual dealers do not have the ability to alter banks' residual values, so they are not negotiable. Car_man Host Prices Paid Forum |
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