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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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#100 of 169 Leasing a 2008 Lincoln MKX FWD by des4 Nov 18, 2007 (4:41 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 169 Re: 2008 MKX Lease Advice [tommyboy4] by Car_man HOST Nov 26, 2007 (3:52 am)
Replying to: tommyboy4 (Oct 25, 2007 11:23 am) 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 169 Re: Lease Rate on '08 MKX in IL [lakerunner4h] by Car_man HOST Nov 26, 2007 (4:04 am)
Replying to: lakerunner4h (Nov 01, 2007 5:29 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 2:55 pm) Car_man (Jan 31, 2008 2:51 am) houston8 (Jan 10, 2008 12:49 pm)
#103 of 169 Current Lease Rates by 737capt Dec 31, 2007 (11:01 am)
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 2:20 am)
#104 of 169 Re: Lease Rate on '08 MKX in IL [Car_man] by houston8 Jan 07, 2008 (2:55 pm)
Replying to: Car_man (Nov 26, 2007 4:04 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 2:51 am)
#105 of 169 Re: Lease Rate on '08 MKX in TX[Car_man] by houston8 Jan 10, 2008 (12:49 pm)
Replying to: Car_man (Nov 26, 2007 4:04 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 169 Re: Current Lease Rates [737capt] by Car_man HOST Jan 31, 2008 (2:20 am)
Replying to: 737capt (Dec 31, 2007 11:01 am) 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
#107 of 169 Re: Lease Rate on '08 MKX in IL [houston8] by Car_man HOST Jan 31, 2008 (2:51 am)
Replying to: houston8 (Jan 07, 2008 2:55 pm) A houston8 we have a problem . You never mentioned the selling price of the MKX that you are interested in. I will calculate a sample lease payment on it for you, but I am going to have to make an assumption about the selling price. For now I will assume that you are being given a $3,000 dealer discount on this truck. Let me know if its selling price is different than this. According to my calculations, if you were to lease a 2008 Lincoln MKX 2WD that has an MSRP of $43,610 and a selling price of $39,110 (MSRP - $3,000 dealer discount - $1,500 lease cash) through Ford Credit right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $529.   You can use the formula that is outlined in the following article to calculate lease payments on your own: Calculate Your Own Lease Payment.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#108 of 169 2008 Lincoln MKX link by fogarty19 Feb 16, 2008 (2:25 pm)
I'm trying to figure out if i'm getting a decent deal. I'm interested in leasing a 2008 MKX with an MSRP of 42225 and I am paying $39,500, edmunds.com says the dealer invoice price is 38,800. I'm also getting $2,000 in incentives ($1,500 rebate + $500 college incentive program). I was interested in leasing it at 24 months with 12,000 miles. The dealer here (Indiana) quoted me at 0 down for $565 a month (i think that is without taxes, if it is that + 6% sales tax would make it $598). Can you tell me if that is a decent deal? Also what should it be a month if i went up to 36 months Replies to this message: mandkole (Feb 17, 2008 8:29 am)
#109 of 169 Re: 2008 Lincoln MKX link [fogarty19] by mandkole Feb 17, 2008 (8:29 am)
Replying to: fogarty19 (Feb 16, 2008 2:25 pm) If 37500 is your adjusted cap, based on a 63% residual, I calculated about $538/mo w/out tx. What residual did they use? A 61% residual would have been right about what you were quoted. The key to the 24mo lease is the nice money factor of .5% or .000208.   The 36mo lease has a MF that is 5x higher at 2.5% or .00104. I recalled residual being about 51%. Your payment would be very close to the same.

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