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Prices Paid: Buying & Leasing Experiences Lincoln MKX Lease Questions
169 messages, Last post on Oct 23, 2009 at 2:29 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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 4:55 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 7:56 am) |
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The initial quote I received for a 2008 MKX from the Lincoln dealer in Pompano Beach, FL was only about $40/month higher then the quote I got from the Ford dealer in Ft. Lauderdale for the 2008 Edge Limited with power liftgate. The Ford dealer personnel couldn't figure out how to use the Sync system so I ended up walking out and driving about 20 minutes to the Lincoln dealer. They had a Silver MKX on the lot with chrome wheels so I made an impulse lease with the Ultimate package (power liftgate, etc.) plus $895 for chrome 20 inch wheels. Here is the breakdown from the "Red Carpet" lease order form for a 24 month lease with 10.5K annual miles: Agreed Value $37023 (after $1500 rebate) Lessor Services $499 Acquisition Fee $595 Base payment $470.75 Sales tax $28.25 Monthly Payment $499 Down payment of $3772 (I think this is where they got me because we started out with a down payment of $750. I got confused with all the add ons but I wanted the car so bad that I just handed the lease manager my credit card ...not a good idea) First payment $499 Sales tax on down payment $236.35 DID I PAY TOO MUCH OR DID I GET A GOOD DEAL?????? I signed all the papers yesterday and went to pick up the car at 4pm today. After two hours the salesman could not get the Sync system to work with my new Motorola Bluetooth Krazer1 so we will try again tomorrow. I did get the Sync system to Sync up with a 40GB laptop external drive with about 8,000 songs. Sirius came with the car but on the way home it only received the Christian Broadcasting Network! I called my wife from my cell phone after I left the dealer and magically the call came up over the radio. I guess it takes awhile for the Sync process to work for the first time --- it had to download 250 numbers from my cell. Awesome sound system, terrific ride (my wife has a 2007 Cadillac SRX and I love the Lincoln 1000% more then the SRX). The Sync system is not for the technologically handicapped but I see its potential and with about another ten hours with someone at the dealership who remembers what they learned during training then I hope it lives up to its potential. |
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I am looking to lease a 2008 MKX that is loaded with everything but the mood light package and no trailer package. Adding tinted windows for driver & passenger side, Cargo cover for the rear and DVD in head rests.We are tradeing in a 2004 Taurus that we still owe $8000.00 on. Every other dealer the top offer on our trade was around $4500.00 and this is the offer from the dealership. MSRP is $42,880 49% Residual 3.00 % Apr 1,500 Rebate 15,000 miles per year 39 month lease 679.33 per month, & due at signing How does this offer look? |
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Replying to: tommyboy4 (Oct 25, 2007 11:23 am) A base 2008 MKX has a spread of around $2,700 between its full MSRP and its dealer invoice price. So the $2,238 dealer discount that you were quoted on the unit that you are interested in looks pretty good to me. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: lakerunner4h (Nov 01, 2007 5:29 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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I was wondering if anyone has the current residuals and money factors for a 36 month, 12,000 miles per year lease?
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Replying to: Car_man (Nov 26, 2007 4:04 am) Thank you! I'm planning on leasing one this week.
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