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Prices Paid: Buying & Leasing Experiences Lincoln MKX Lease Questions
137 messages, Last post on Jul 08, 2008 at 7:12 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: dunepearl (Oct 17, 2007 5:57 am)  . Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: allisonh (Oct 21, 2007 7:29 pm) 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 |
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Replying to: askal (Oct 23, 2007 5:44 pm) 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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Replying to: dunepearl (Oct 17, 2007 5:57 am) 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 |
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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!
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Replying to: lasher30 (Mar 19, 2007 2:55 pm) 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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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.
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Replying to: bromano (Oct 31, 2007 5:55 am) 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 .
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| I'm looking at a 2008 MKS AWD with a sticker of $41,725, and invoice of $38,223. Since IL taxes leasors based on the total purchased value of the vehicle, what would be reasonable 36, 39, & 48 months rates on this vehicle in IL with 15,000 miles per year? | |
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Replying to: ventr4th (Oct 31, 2007 8:56 am) |
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