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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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#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
#92 of 137 Re: Leasing in NJ [dunepearl] by askal Oct 25, 2007 (4:13 am)
Replying to: dunepearl (Oct 17, 2007 5:57 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 137 2008 MKX Lease Advice by tommyboy4 Oct 25, 2007 (12:23 pm)
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 4:52 am)
#94 of 137 Re: MKX Lease Offer [lasher30] by makismd Oct 30, 2007 (6:36 pm)
Replying to: lasher30 (Mar 19, 2007 2:55 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
#95 of 137 Ford Escape Option by bromano Oct 31, 2007 (5:55 am)
I purchased a MKX last May. Fairly satisfied but I'd suggest if you are open to options, that you look at the Ford Escape. It's carbon copy of the Lincoln for a lot less money. If you go with the MKX, you should be able to get a fully loaded unit for less around $500/month not including any trades or dwnpymt money. The car is not selling like Lincoln had hoped, most likely because the Excape is cutting deeply into sales. Obviously not a swift move on the part of Lincoln to copy cat a product and then try to sell it for 20% higher than the Ford.   Operationly, the MKX gets about 20mpg. The A/C seats are cool [no pun intended] but very uncomfortable and the blind spots are something everyone should observe when you test drive the car. Replies to this message: ventr4th (Oct 31, 2007 8:56 am) bromano (Nov 01, 2007 6:41 am)
#96 of 137 Re: Ford Escape Option [bromano] by ventr4th Oct 31, 2007 (8:56 am)
Replying to: bromano (Oct 31, 2007 5:55 am) You refer to the Ford Escape -- I think you mean the Ford Edge. The Ford Edge Limited 2008 with power lift gate lease rate for 36 months was $468. The Lincoln MKX without the Power liftgate is quoted as $493/month plus tax. The quote below is from my local lincln dealer for the MKX.   24mo/10,500miles/with a rebate of $1,500 / $1,428.22 due at signing is $545 plus tax at 62% residual & .50% rate . 39mo/10,500miles/with a rebate of $1,500 / $1,372.44 due at signing is $493 plus tax at 52% residual & 3.0% rate . Replies to this message: bromano (Nov 01, 2007 6:41 am)

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