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Lincoln MKX Lease Questions

136 messages,  Last post on Jun 26, 2008 at 6:23 PM

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

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#97 of 136 Lease Rate on '08 MKX in IL by lakerunner4h Nov 01, 2007 (6:29 am)
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? Replies to this message: Car_man (Nov 26, 2007 5:04 am) houston8 (Jan 07, 2008 3:55 pm) Car_man (Jan 31, 2008 3:51 am) houston8 (Jan 10, 2008 1:49 pm)
#98 of 136 Re: Ford Escape Option [ventr4th] by bromano Nov 01, 2007 (6:41 am)
Replying to: ventr4th (Oct 31, 2007 8:56 am) I stand corrected about the Ford. The Edge is the correct model. The 39 mo. MKX lease is about what we were quoted back in June with that residual.
#99 of 136 leased Lincoln MKX with $1,295 Ultimate Pkg today by ventr4th Nov 02, 2007 (6:16 pm)
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.
#100 of 136 Leasing a 2008 Lincoln MKX FWD by des4 Nov 18, 2007 (5:41 pm)
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?
#101 of 136 Re: 2008 MKX Lease Advice [tommyboy4] by Car_man HOST Nov 26, 2007 (4:52 am)
Replying to: tommyboy4 (Oct 25, 2007 12:23 pm) You're right, tommyboy4. The lease rate that you were quoted does look a little high. According to the latest information that I have seen, Ford Credit's current base lease rate for a 36 month lease of a 2008 Lincoln MKX is only 2.75%. Make sure that the dealer that you get your vehicle from uses this rate to calculate your monthly payment.   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
#102 of 136 Re: Lease Rate on '08 MKX in IL [lakerunner4h] by Car_man HOST Nov 26, 2007 (5:04 am)
Replying to: lakerunner4h (Nov 01, 2007 6:29 am) Hi lakerunner4h. Let's assume that you are able to negotiate a selling price of around $500 over dealer invoice on the MKX that you are interested in. According to my calculations, if you were to lease a 2008 Lincoln MKX AWD that has an MSRP of $41,725 and a selling price of $37,223 ($500 over invoice minus $1,500 lease cash) through Ford Credit right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $499. The payment for an otherwise identical 39 month lease would be $493. The payment for a 48 month lease is worse than both the 36 and 39 month options so you don't want to go that route.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: houston8 (Jan 07, 2008 3:55 pm) Car_man (Jan 31, 2008 3:51 am) houston8 (Jan 10, 2008 1:49 pm)
#103 of 136 Current Lease Rates by 737capt Dec 31, 2007 (12:01 pm)
I was wondering if anyone has the current residuals and money factors for a 36 month, 12,000 miles per year lease? Replies to this message: Car_man (Jan 31, 2008 3:20 am)
#104 of 136 Re: Lease Rate on '08 MKX in IL [Car_man] by houston8 Jan 07, 2008 (3:55 pm)
Replying to: Car_man (Nov 26, 2007 5:04 am) The '08 MKX I am looking at has a sticker of $43610. I would like to lease it for 39 months at 15k/year. What (with no money down) should I expect to pay per month after negotiating a price? Also, after a price is negotiated how (based on Ford's current lease rates) do you determine the exact lease price?   Thank you! I'm planning on leasing one this week. Replies to this message: Car_man (Jan 31, 2008 3:51 am)
#105 of 136 Re: Lease Rate on '08 MKX in TX[Car_man] by houston8 Jan 10, 2008 (1:49 pm)
Replying to: Car_man (Nov 26, 2007 5:04 am) OK, so no response, but I think I got a pretty good deal given that the incentives are not all that great right now. Here's what I am picking up today: 08 MKX, Elite, Ultimate, Limited Edition. 39mo/15k per year MSRP (inc dest.) $43088 $1500 Lease Rebate $35500 Trade (Payoff same) $2218.75 (tax credit) 49% Residual 3% Lease Rate $0 down (except first month) $567/month This includes some sort of Extra Care Coverage that covers up to $2500 in excessive damages at the end of the lease. Anyone want to weigh in as to how good a deal I got?   Thanks
#106 of 136 Re: Current Lease Rates [737capt] by Car_man HOST Jan 31, 2008 (3:20 am)
Replying to: 737capt (Dec 31, 2007 12:01 pm) Hi 737capt. According to the latest information that I have seen, if you were to lease a 2008 Lincoln MKX AWD through Ford Credit for 36 months with 12,000 miles per year, its base lease rate and residual value would be 2.25% and 53%, respectively. When negotiating your lease on this vehicle, make sure to take the $1,500 lease cash that is currently available on it into account. It will help you to negotiate an attractive capitalized cost for your lease.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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