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Lincoln MKS Lease Questions

kyfdx@Edmundskyfdx@Edmunds Posts: 25,906
Ask your MKS lease questions here!

Moderator - Prices Paid, Lease Questions, SUVs

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  • mksownermksowner Posts: 5
    43.5k w/ultimate package. Lease terms 53% residual value, 1.5 money factor and 10.5k miles/year.
  • Am interested in what would be competitive selling price, residual and money factor for a 2009 MKS w/ultimate pakage....36 months and 15K miles
  • Good morning sunshine26 :). Ford Credit's current base lease rate and residual value for a 36 month lease of a 2009 Lincoln MKS 2WD with 15,000 miles per year are 1.5% and 51%, 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 rate into approximate money factor equivalents by dividing it by 2400.

    I personally am not all that familiar with what the market is like for the MKS right now, but given how terrible the current environment for auto sales is in the U.S. I personally would shoot for a selling price of a couple hundred dollars over dealer invoice and see what happens. Make sure to stop by the "Lincoln MKS Prices Paid and Buying Experience" discussion to see how much other community members have paid for this car lately.

    Good luck and make sure to let us know how everything turns out.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hello Car Man!!! Looking for Lincoln MKS 2wd w/Ultimate 15k per year 36 month or so... lease factors for November... Very similar to SUnshine26's request. Thanks!!!
  • I just ordered an MKS with an MSRP of 44,180... invoice price 41178. With tax, title, etc.. and $5000 down my lease will be 526 a month. I'm not sure if I got a good deal or not.
  • Hi demarcom. I believe that Lincoln extended its lease program on the MKS through November 18th. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2009 Lincoln MKS 2WD with 15,000 miles per year are 1.5% and 51%, respectively. As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. You can convert its lease rates into approximate money factor equivalents by dividing them by 2400.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi bobsokoler. I see that you are considering making a $5,000 down payment on the MKS that you are interested in leasing. I always advise consumers not to make large down payments when leasing. Those who do risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though your monthly payment will be higher, it would be much safer to go with a zero down lease.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • mlad11mlad11 Posts: 19
    Just got a lease on an awd with ultimate pkg. 10500 a year 36 mos. Only put taxes, fee's and first month down and am paying $485 a month. Compared to the shopping around this seems to be a good deal.
  • I am intrested in a 36 month 10500k lease
    and was wondering what current people are paying with current Residuals and Money Factors
    Thanks
  • Hi fituso09. According to the latest information that I have seen, Ford Credit's current base lease rate and residual value for a 36 month lease of a 2009 Lincoln MKS 2WD with 10,500 miles per year are 4.5% and 53%, 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
  • Thank you for your response. Does 12k a year change the residual value.
    In addition, does a 39 month lease change the money factor or residual.
    Thank you.
  • Feels like I'm one of the few people in the country looking into this car. Tried two dealers so far with different prices:
    10,500/miles Ultimate pkg FWD for 585/mo + taxes and fees
    12000/miles base model w/moonroof AWD for 540/mo + taxes and fees
    Both are 39 month leases- both seem high given the slow economy- any comments would be appreciated, I am new to leasing.
  • You're very welcome, Zack99. Yes, mileage allowance does have an impact upon vehicles' residual values. Ford Credit's 12,000 mile per year residuals are 2% higher than its 15,000 mile per year residuals. Its 10,500 mile per year resids are 3% higher than the 15k resids.

    Ford Credit's current base lease rate and residual value for a 39 month lease of a 2009 Lincoln MKS 2WD with 15,000 miles per year are 2.0% and 48%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Welcome geo111. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the best way to get a good deal on a leased vehicle is to negotiate the lowest possible selling price on the vehicle that you want and then have the dealer calculate its monthly payment using its base lease rate. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how much of a dealer discount you are being given and thus how good a deal you are getting. I would be happy to give you my opinion of these deals if you let me know what the selling prices are.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jmanerikjmanerik Posts: 3
    I heard Lincoln just released new lease programs. I am interested in MKS in Michigan with 12000 Miles per year, 36 Months lease with only 1000 down. I would appreciate if anybody can provide any info regarding the lease pricing. Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi jmanerik. To the best of my knowledge Lincoln has not recently enhanced its slease program on the MKS. I'll make some calls to double check that is the case.

    According to the latest info that I have seen, Ford Credit's current base lease rate and residual value for a 36 month lease of a 2009 Lincoln MKS 2WD with 12,000 miles per year are 1.75% and 50%, respectively.

    If you provide me with the MSRP and approximate selling price of the car that you are interested in I would be happy to work up a sample lease payment for you.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • daresqdaresq Posts: 1
    Please advise if these are good lease terms: 2009 mks awd w/ultimate pkg, msrp $46,070, lease end value 22,574; initial cap cost - 43, 678 - adjusted cap with tax, license and acq fee is $44,268. APR 3.25%. monthly lease amount $646.26. mileage is 12,000 and lease for 39 months. dealer in baltimore maryland.

    Also, arguing with dealer that conquest rebate of $1,000 does apply to lincoln lease but they say only sale. please help!
  • madlockmadlock Posts: 39
    Anyone who chose to lease at the end of 2008 or beginning of 2009 ought to thank their lucky stars they did so at that time. Residual values have since been under such tremendous pressure from the spate of highly-subsidized vehicle purchases made during Q2/09 that virtually no new vehicle's residual value exceeds 50-55% @ 24 months or 40-44% @ 36. Virtually every vehicle in the $45-$50K range (MSRP) is falling at about $750 with even the most liberal cap cost incentives and promotional interest rates.

    What were once considered to be "reasonable" terms will are only like to exist during the rarest of curcumstances when manufacturers face unprecedented gluts in the pipe and until both the size of the dealer network is corrected to meet the new market size and the supply of quality used vehicles becomes exhausted.

    The days of leasing being a lower payment alternative to purchasing or a way customers can presume to move-up a vehicle class are gone for the foreseeable future. The best vehicle terms will be the first group of pre-driven 2011's to show up on lots.
  • I leased my 2009 MKS back in March for $528.00 a month 12,000 miles a year for 39 months. No money down,...just a sign and drive with navigation, sunroof/moonroof-it's loaded! The vehicle has just 10,000 miles with around 30 months left in the lease. I have decided the MKS is just more car than I need...would love for someone to take over the lease. I will have the car delivered to your location. The car is just like new. I do not smoke and it has been garage kept. Send me a note at rlsrlj@aol.com if your are interested!
  • Carman

    I was looking at ordering an MKS to lease as a replacement to our 2007 expedition. I was wondering if you might know if there are any regular rebates or lease loyalty rebates available. Also wondering what the residuals and money factors are on 24 & 36 month leases. Here is what I am looking at: 2010 MKS AWD MSRP $44,780 Invoice 41,247 I believe I can buy the car at 500 over invoice.

    Thanks in advance.

    Josh
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