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Lincoln MKX: Lease Questions

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

You are in the Lincoln MKX Forum. Your Hosts are steve_ & tidester

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


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#130 of 169
Re: MKX LEase Pricing... [hamom] by hamom
May 06, 2008 (3:23 pm)
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Replying to: hamom (May 03, 2008 11:05 am)

ok..so we have been negotiating w/the dealer...and now we have them at $569 a month..no money down...w/elite, ultimate, rubber floor mats, 20inch chrome wheels, and heated rear seats. Is this a good deal? It's 39 month w/15K miles a year. This is for the AWD....
#131 of 169
Re: 2008 MKX lease [txbelle1] by Car_man HOST
May 19, 2008 (1:38 am)
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Replying to: txbelle1 (Apr 23, 2008 5:01 pm)

You're very welcome, txbelle1. Yes, negotiate as low a selling price as possible on the MKX that you want, stipulating that you want to have any available cash incentives subtracted from that. Don't just assume that the dealer will automatically deduct them.
 
I am not personally familiar with how sales tax is calculated on leased vehicles in Texas, but you might be able to find out by visiting the Texas Department of Transportation or Texas Taxes.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#132 of 169
Re: Leasing 2008 MKX [marks1965] by Car_man HOST
May 19, 2008 (1:45 am)
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Replying to: marks1965 (Apr 26, 2008 4:46 pm)

Hi marks1965. You never mentioned the selling price or MSRP of the MKX that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing what this vehicle's selling price is in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I am sure that either myself or another knowledgeable community member will gladly give you our opinion on this deal you if you let me know what these numbers are.
 
As far as your Murano lease goes, I personally don't see any reason to get out of it several months before its scheduled end date. Doing so only wastes your remaining payments. You probably would be better off waiting a couple of months to get something new.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#133 of 169
Lease Question-MKX by lentil
Jun 03, 2008 (6:15 pm)
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Hi
I was wondering if you could tell me if this is a good price.
Its for a 2008 MKX w. the Ultimate package
no money down just the first months payment.
MSRP- 38,860
Our price- 34,860
39 months
10,500 miles
474.00 monthly payment
Thank you in advance!
#134 of 169
Re: Lease Question-MKX [lentil] by hamom
Jun 04, 2008 (3:00 am)
Reply

Replying to: lentil (Jun 03, 2008 6:15 pm)

that sounds about right. I just got the mkx, w/ultimate, elite, 20inch wheels, heated back seats...15,000 miles a year...no money down...39 months...and my payment is $570...so the extra $100 I am paying accounts for the other package, wheels, milage, etc..I think it sounds right...
I love my car...it's been almost a week...and I LOVE the way it drives...handles...it's excellent. Good luck!
#135 of 169
Re: Lease Question-MKX [hamom] by lentil
Jun 05, 2008 (7:25 am)
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Replying to: hamom (Jun 04, 2008 3:00 am)

Thanks for the reply. We are going to pick it up today. I hope we love it as much as you!
Thanks again
#136 of 169
by klafter53
Jun 26, 2008 (5:23 pm)
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got deal- 0 down (1250 fees) 450 a month (includes tax)- AWD w/ Ultimate Package, 20inch chrome wheels, splash guards- 39 months, 12K per year-
54% residual.... I think its a good deal- every other dealer was around 2K down 525 a month w/o tax....
thoughts?
and how does everyone enjoy thier MKX?
MSRP was 40,656.00 by the way
#138 of 169
MoneyFactor Residual by edwood666
Aug 02, 2008 (9:19 pm)
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Could somebody tell me what is money factor and residual for this month?
36 month 10K miles per year for FWD
 
Thank you
#139 of 169
Re: MoneyFactor Residual [edwood666] by Car_man HOST
Aug 08, 2008 (2:03 am)
Reply

Replying to: edwood666 (Aug 02, 2008 9:19 pm)

Hello edwood666. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2008 Lincoln MKX FWD with 10,500 miles per year are 2.5% and 48%, respectively. As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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