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Lincoln MKX: Lease Questions

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

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

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#164 of 169 Re: Lease Rate and Residule for Aug [ajoag] by Car_man HOST Aug 07, 2009 (1:44 am)
Replying to: ajoag (Aug 06, 2009 4:27 pm) Hi ajoag. Lincoln's incentives on the 2010 MKX are basically the same in August as they were in July. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2010 MKX AWD with 15,000 miles per year are 2.75% and 48%, respectively.   When negotiating on this truck, which I was pleasantly surprised with when I had an opportunity to spend some time with one, make sure to take advantage of the $1,000 bonus cash that Ford is currently providing on it.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: ajoag (Aug 07, 2009 1:13 pm) Car_man (Aug 27, 2009 2:52 am)
#165 of 169 Re: Lease Rate and Residual for Aug [Car_man] by ajoag Aug 07, 2009 (1:13 pm)
Replying to: Car_man (Aug 07, 2009 1:44 am) Thanks car_man. A dealer in my area is offering lease rate of 3.0% and 48% residual for 36 months/10500 miles per year. He says is lease program has changed this month. Wonder if that is true? Replies to this message: Car_man (Aug 27, 2009 2:52 am)
#166 of 169 2009 MKX Demo Lease in Texas by gstzman Aug 21, 2009 (2:16 pm)
Hi there! MSRP $45,180 Discount $3,347 Rebate $1,500 Sale Price $40,333 Demo with 3,983 miles on it. Want to do a 39 mo lease with 0 down. Sounds like 2.75% and 43% are about right on lease rate and residual. I don't think this would be a very good deal on a brand new car. I think he should get down to $36,000 for a sale price. Should I ask for more than that since it's a demo and an '09? Thanks much! Replies to this message: Car_man (Aug 27, 2009 3:00 am)
#167 of 169 Re: Lease Rate and Residual for Aug [ajoag] by Car_man HOST Aug 27, 2009 (2:52 am)
Replying to: ajoag (Aug 07, 2009 1:13 pm) No problem, ajoag. I'm pretty sure that the numbers that I provided you with is the correct program for August.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#168 of 169 Re: 2009 MKX Demo Lease in Texas [gstzman] by Car_man HOST Aug 27, 2009 (3:00 am)
Replying to: gstzman (Aug 21, 2009 2:16 pm) Hi gstzman. The truck that you are interested in has a spread of around $4,000 between its full MSRP and its dealer invoice price. The $3,347 dealer discount that you were quoted puts you at around $650 over invoice, that's a pretty good deal on a normal MKX.   The problem is that this is a demo model. The problem that I have with demos is that I usually find that dealers are not willing to provide a substantial enough additional discount for me personally to justify purchasing what essentially is a low mileage used vehicle over an otherwise identical brand new one. I personally would want at least another $2,000 knocked off of this vehicle's price to go for a demo with 4,000 miles on it. At the very least, you should get the dealer to knock another $1,000 off of the $650 over invoice price because this is a demo.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#169 of 169 Re: Possible Lease Scam [Car_man] by jayrider Oct 23, 2009 (2:29 pm)
Replying to: Car_man (Jul 21, 2009 1:48 am) As an older gent, would add a suggestion to negotiation re the dealer mistake. Make sure it was a mistake. Be very controlled and respectful in communications. Tell them that you love the car and this 750 error is making a good thing feel bad. You can't increase your payments and would like to know what they feel would be a fair resolution. Don't throw out the "take this car back card yet" Listen to what they have to say--take notes. Don't accept or reject --- ask to talk with the owner. I'm sure the f&I guy would be pleased to have you discuss his mistake with the boss. Be nice -- you won't give them an excuse to label you as an a-hole. If they ask you what you want make sure you know what they offered. Of course, you want a total pass on the 750. Hope you get it. If you split the difference, I would ask for 4 years of maintenence [oil/rotations/filters] at least for your 325.. Maybe car-man can add a way to offset the 325. Of course I would wait until after I had a respectful discussion with the owner before I'd give a dollar. These guys are used to screamers in the complaint process. You have much more control if you stay firm, rational, and reasonable.

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