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Lincoln MKX Lease Questions

137 messages,  Last post on Jul 08, 2008 at 7:12 PM

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What is this discussion about? Lincoln MKX, Car Leasing, Car Buying, SUV

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#82 of 137 Re: Leasing in NJ [dunepearl] by coco7322 Oct 15, 2007 (1:43 pm)
Replying to: dunepearl (Oct 15, 2007 5:56 am) Hey! The ad is for MKX without any options at all. We went to the dealership to ask about the same ad and that is what they told us. It does not include anything extra except leather seats. Replies to this message: dunepearl (Oct 17, 2007 5:57 am) Car_man (Oct 24, 2007 3:14 am) askal (Oct 25, 2007 4:13 am)
#83 of 137 Re: Leasing in NJ [coco7322] by dunepearl Oct 17, 2007 (5:57 am)
Replying to: coco7322 (Oct 15, 2007 1:43 pm) Here's my final deal that was signed yesterday. MSRP was $38,880 - with $1000 total out of pocket the payment will come to 422.50 per month. Replies to this message: Car_man (Oct 24, 2007 3:14 am) askal (Oct 25, 2007 4:13 am)
#84 of 137 Re: '07 or '08 MDX for under $400? by allisonh Oct 21, 2007 (7:29 pm)
Replying to: homelucy (Aug 13, 2007 12:26 pm) Hi Mr carman, I live in Sarasota, Florida I just put a $500 deposit on a gorgeous Red with Light wood and leather camel interior MKX on the showroom floor with 10 miles on it., Using the current 39 month lease promotion. The dealer is giving me the $2750 cashback rebate on $32,707 price for a base MKX (no elite, no ultimate). I really wanted the sunroof but was told I couldn't get it without the elite, so I'm putting $1000 down OTD (which includes the $500 dep and my first month payment) my payments will be $403.10 per month including tax for 10,000 miles year, Money factor 1.75% with 48% residual Is this a decent deal? Should I wait for the 2008 to come out and hope to make the same deal. Or am I dreaming? The only 2 lincoln dealers in my area seem to be running low on them and said they won't be getting any more in. I would love to upgrade to elite or ultimate, but really was determined to keep my payments under $400. Is this possible? I currently lease a 2002 Highlander Limited through end of December because I made my last payment (I am having it inspected tomorrow). I loved it for the past 5 years, now end of lease Purchase price is $12,116 and it is in EXCELLENT condition with 62,100 miles. I'm allowed 66,000. None of the dealers seeem to want it, but they think it looks greatI don't want to pay for 2 cars in November but the dealer wants me to take possession in October or said i could lose the deal and he pretty much told me He wouldn't be able to match this deal???? I would love to hear some advice from you! Replies to this message: Car_man (Oct 24, 2007 3:21 am)
#85 of 137 MKX MSRP vs Invoice by allisonh Oct 23, 2007 (12:04 pm)
Re my post above: The total MSRP on 2007 MKX sticker says $35,285. Dealer said lease price for me is $32,707. I thought i was getting $2750 in Rebates off sticker in rebates, but it looks like he's giving me $2578 off MSRP??? Lease is 1000 down OTD, $403.10 month for 39 month with 10,000 miles. Money factor 1.75% with 48% residual. How do i find out INVOICE and if this is a good deal. i was planning on closing the deal this weekend, but would like to hear from an expert first! thanks Replies to this message: dunepearl (Oct 23, 2007 2:34 pm)
#86 of 137 Re: MKX MSRP vs Invoice [allisonh] by dunepearl Oct 23, 2007 (2:34 pm)
Replying to: allisonh (Oct 23, 2007 12:04 pm) Here's some simple math. The factory deal is $359 for MSRP of a stripped MKX at approx $34125. Your MSRP is approx $1000 higher. 52% of that is $520.00. Divide that by 39 equals $13.33 per month. Providing your out of pocket to start is $1995, do not pay more than $372 per month plus tax. BTW, the allowed miles should be 10,500 per year not 10,000. Go to another dealer if they say no.
#87 of 137 A good deal or no?? by askal Oct 23, 2007 (5:44 pm)
I am looking at leasing a 2008 MKX, sticker price is around 38,xxx with the ultimate package. Been quoted $489 per month with $2297 down. This is for 15,000 miles and a 36 month lease. Does this sound like a good deal? I was also quoted for an 2008 Acura RDX w/o the tech package: $2500 down and $459 per month for 15,000 miles, 36 month lease. Any comments would be appreciated. Al... Replies to this message: Car_man (Oct 24, 2007 3:31 am)
#88 of 137 Re: Is this a good leasing offer [coco7322] by Car_man HOST Oct 24, 2007 (3:12 am)
Replying to: coco7322 (Oct 15, 2007 5:30 am) You're welcome, coco7322. You're fortunate that you will be able to get out of your Lexus lease early at no additional cost to you. Let's take a look at the selling price that you were offered on the 2007 Lincoln MKX that you are interested in. The vehicle that you are interested in probably has a spread of a little over $3,000 between its full MSRP and its dealer invoice price. Plus, Lincoln is currently providing a total of $3,000 in cash incentives on the '07 MKX. This gives you a total of $6,000 to play with. That is basically the discount that you are being given, so this looks like a very good deal to me. Just make sure that the dealer you are working with uses Ford Credit's current base lease rate of 1.75% to calculate your monthly payment and you're in business.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#89 of 137 Re: Leasing in NJ [dunepearl] by Car_man HOST Oct 24, 2007 (3:14 am)
Replying to: dunepearl (Oct 17, 2007 5:57 am) Congratulations on getting your new MKX, dunepearl. Enjoy your new ride .   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#90 of 137 Re: '07 or '08 MDX for under $400? [allisonh] by Car_man HOST Oct 24, 2007 (3:21 am)
Replying to: allisonh (Oct 21, 2007 7:29 pm) Greetings allisonh. The lease program that you were quoted (interest rate and residual value) is right in line with Ford Credit's current promotion for this model. As far as this vehicle's selling price goes, shoot for $500 or so over dealer invoice minus the $3,000 in cash incentives that are currently available on the 2007 Lincoln MKX. You can look up this vehicle's exact invoice price by visiting the following section of this site: Edmunds.com - New Vehicle Pricing.   Ford's current lease program for the 2007 Lincoln MKX is scheduled to run through the end of the year, so you aren't risking missing out on any incentives by waiting to get your new vehicle. However, as the dealer said they aren't getting any new '07 models in so the longer you wait to get to get yours the more you risk not being able to find a leftover '07 model that is equipped the way you want it.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#91 of 137 Re: A good deal or no?? [askal] by Car_man HOST Oct 24, 2007 (3:31 am)
Replying to: askal (Oct 23, 2007 5:44 pm) Hi askal. You really need to find out what this vehicle's selling price is before agreeing to lease it. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. If I was in the market for an MKX right now, I personally would shoot for a selling price of around $500 over dealer invoice (you can look it up here New Vehicle Pricing) minus the $1,500 lease cash that is currently available on the '08 MKX.   Once you have arrived at a selling price that you are comfortable with, have the dealer that gives it to you calculate your monthly payment using Ford Credit's base lease rate. Its base rate for a 36 month lease of an '08 Lincoln MKX is currently 2.75%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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