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Lincoln MKX Lease Questions

169 messages,  Last post on Oct 23, 2009 at 2:29 PM

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

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#85 of 169 MKX MSRP vs Invoice by allisonh Oct 23, 2007 (11:04 am)
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 1:34 pm)
#86 of 169 Re: MKX MSRP vs Invoice [allisonh] by dunepearl Oct 23, 2007 (1:34 pm)
Replying to: allisonh (Oct 23, 2007 11:04 am) 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 169 A good deal or no?? by askal Oct 23, 2007 (4:44 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 2:31 am)
#88 of 169 Re: Is this a good leasing offer [coco7322] by Car_man HOST Oct 24, 2007 (2:12 am)
Replying to: coco7322 (Oct 15, 2007 4:30 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 169 Re: Leasing in NJ [dunepearl] by Car_man HOST Oct 24, 2007 (2:14 am)
Replying to: dunepearl (Oct 17, 2007 4:57 am) Congratulations on getting your new MKX, dunepearl. Enjoy your new ride .   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#90 of 169 Re: '07 or '08 MDX for under $400? [allisonh] by Car_man HOST Oct 24, 2007 (2:21 am)
Replying to: allisonh (Oct 21, 2007 6:29 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 169 Re: A good deal or no?? [askal] by Car_man HOST Oct 24, 2007 (2:31 am)
Replying to: askal (Oct 23, 2007 4:44 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
#92 of 169 Re: Leasing in NJ [dunepearl] by askal Oct 25, 2007 (3:13 am)
Replying to: dunepearl (Oct 17, 2007 4:57 am) Greetings, sounds like a great deal. Could you please tell me how long your lease was for and the mileage allowance. Was it an AWD model, 2007 or 2008, ultimate package? Thanks, Askal
#93 of 169 2008 MKX Lease Advice by tommyboy4 Oct 25, 2007 (11:23 am)
Looking at leasing a 2008 MKX FWD – Ultimate / Mileage is 15,000 / lease term is 36 months. I have been quoted the following:   MSRP: $37,540 Base Cap Cost: $35,302.00 FMC Acquisition Fee: $595 Cap Cost Reductions: $1,500 (rebate) Adjusted Cap Cost: $34,397.00 Residual Value: $19,145.00 Money Factor: 4.75% Base Payment: $529.08 Sales Tax 5.6%: $29.63 Total Payment: $558.71   Seems as though the money factor is way too high. Any advice would be greatly appreciated! Replies to this message: Car_man (Nov 26, 2007 3:52 am)
#94 of 169 Re: MKX Lease Offer [lasher30] by makismd Oct 30, 2007 (5:36 pm)
Replying to: lasher30 (Mar 19, 2007 1:55 pm) Here is what I got today 2008 FWD white chocolate 36 month, 15,000miles/year ultimate package,panoramic sunroof,20inch wheels   Payment is 522/month they are writing me a check for a 3months left of my lease 317/month(chevy malibu) My down payment including all fees is 768 So I am out the door getting 915-768= 183( I walk away with 183 bucks) thought this was a decent deal

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