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Lincoln Navigator Lease Questions

24

Comments

  • irish6irish6 Posts: 6
    Drove it off the lot today. French silk/camel interior. Ultimate 4x2, Elite package. MSRP of $60,220. Sales price of $41,365. Only payment due at signing was $568 first month. $568 a month for 39 months, 12,000 miles. I went all over and this is the best I got, so I'm thinking this is at or very near the bottom.
  • caritascaritas Posts: 4
    Irish, what city are you located in (also the dealership if you don't mind disclosing)? I'm surprised that TT&L was included in this payment.
  • sonny_k9sonny_k9 Posts: 15
    Nothing surprising about that. TT&L can be rolled into the financing. Even negative equity of your old trade if you like.
  • caritascaritas Posts: 4
    K9, you've stated the obvious. My statement, addressed specifically to Irish, is that it is surprising to see such a low payment including TT&L, not whether this is generally possible. If it's accurate, it appears to be sgnificantly below market for a lease of this vehicle.
  • irish6irish6 Posts: 6
    I am in Northwest Houston and got about four Lincoln dealers in town to match that price. Ended up getting it from one on the Southwest part of town. I did all of the negotiating via email and was in and out of the dealership in 1/2 an hour. I did a lot of research and they have great lease deals (the 0.75% rate is huge) and I just held out. We are very pleased.
  • caritascaritas Posts: 4
    Thanks - that's very helpful. I'm in Texas too - what'd you find out on the need for gap insurance?
  • waltkanwaltkan Posts: 6
    Irish,
    Hi I'm in the New Orleans area and I have been in contact w/West Point via email. I told them that they would have to make it worth my while to make the trip out there and from the sound of your deal they might. Can you tell me how much of your final price was incentives? Your first email said quote of $52k minus $6k in incentives. Did this final deal have the same $6k in incentives? I'm actually looking at purchasing using the 0% and I would like to know their final purchase price before incentives to use as a guide.
    Thanks for the info.

    Walter
  • irish6irish6 Posts: 6
    No need for separate gap insurance. It is covered under the Red Carpet Lease. Just read your lease completely before signing.

    I believe my final sales price was $45,365. It got to that from the sticker of $60,220. It included the package discounts ($1095 for running boards, $1500 for elite package). They also gave me a below invoice pricing. My company gets X-plan pricing and they gave me a deal under invoice by about $800 before the $6000 in rebates. They got to the deal under invoice because of the X-plan thing, plus they gave me part of the holdback money, plus the X-plan money that usually goes to the dealer.
  • cioguy68cioguy68 Posts: 1
    Can you tell me if where i could get the same deal or if anyone know a place in New York that would come close? I'm getting a much higher price.

    If not does anyone know if the 2003 models are any good?
  • zkhanmdzkhanmd Posts: 1
    i am interested in a 06 Nav Ultimate fully loaded. what is a good price range for a lease?
  • I am looking at a 2007 Lincoln Navigator Ultimate in the Dallas area. I was wondering if anyone knows what the current residual value and money factor are for a 2007 Lincoln Navigator Ultimate, 15k miles per year (36, 42 and 48 months). Thank you.
  • Hi craigf14. I believe that Ford Credit's current buy rate lease money factor and residual value in your area for a 36 month lease of a 2007 Lincoln Navigator Ultimate 2WD with 15,000 miles per year are 3.5% and 48%, respectively. The numbers for an otherwise identical 39 month lease (I don't believe that Ford Credit offers 42 month leases) are 3.75% and 46%. Lastly, the numbers for an otherwise identical 48 month lease are 6.0% and 39%. As you can see, Ford Credit provides lease rates instead of money factors on the vehicles that it leases. You can convert its lease rates into approximate money factor equivalents by dividing them by 2400. When negotiating your lease on this truck, make sure to take advantage of the $2,500 lease cash that is currently available on it.

    Car_man
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  • jim53jim53 Posts: 109
    Car Man,

    Can you give me the residual value and mf for a 36 month 12K per year lease on a 2007 Navigator Ultimate 4wd in the Philadelphia area? Thanks.
  • jim53jim53 Posts: 109
    I am also looking at a 2007 Ultimate 4X4 with Elite package. what did your Cap cost end up being on the deal above (before the 1300 down). How much of it was discount off the sticker vs incentives provided by Ford?
  • jim53jim53 Posts: 109
    also, on Edumunds, the Base MSRP looks to be 50,655. Do you know why that differs from the 55K base MSRP you listed above?
  • rfogrfog Posts: 2
    I just signed a 24 mo. lease for a ford explorer. Is it wise to purchase the maintanence plan for 995 for 24 months?
  • Hi jim53. Lincoln's lease program often varies by region, but I believe that the following info is correct for your area. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Lincoln Navigator Ultimate 4WD with 12,000 miles per year are 3.5% and 50%, 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. When negotiating your lease on this truck, make sure to take the $2,500 lease cash that Lincoln is currently providing on it into account. This cash will help you to negotiate an attractive capitalized cost.

    Car_man
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  • Hi rfog. I personally would never purchase pre-paid maintenance on a leased vehicle unless the bank that I was leasing through provided some sort of residual value boost for doing so. A few banks boost the residual values of vehicles that have pre-paid maintenance contracts by a point or so, the theory being that they know that they will be properly maintained over the course of the lease. I do not believe that Ford Credit is currently offering such a program. If not, then don't bother with the pre-paid maintenance. All you have to do is change your truck's oil every couple thousand miles and keep the receipts. One of the beautiful things about leasing is that one doesn't have to spend a ton on maintenance. You also might want to rotate your truck's tires every several thousand miles or so. Doing so will make them last longer.

    Car_man
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  • I am looking to lease a 2007 Lincoln Navigator L 2WD in January as my current lease is up. Does anyone know the MF and Residuals on the 2007 Lincoln Navigator L for 15,000 miles I the Dallas area? Your help is greatly appreciated.
  • Car_man:

    I hate to ask again, but my wife is looking to lease a 2007 Lincoln Navigator L 2WD in January as her current lease is up. Do you have the current interest rates and residuals on the 2007 Lincoln Navigator L for 15,000 miles. Also, do you know what rebates are being offered on the 2007 models. Is the $2,500 still available. If so, does this mean the sales price should be about $2,500 below invoice? Your help is greatly appreciated.
  • Hi craigf14. You sure are interested in a big truck. This truck's lease program varies depending upon how long you lease it for. For now I will assume that you are interested in a 36 month lease. Let me know if you want something different. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Lincoln Navigator L 2WD with 15,000 miles per year are 1.5% and 49%, 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. When negotiating your lease on this truck, make sure to take the $1,000 lease cash that is available on it into account. It will help you to negotiate a lower capitalized cost for your lease. There is also $1,000 owner loyalty cash on this truck for current Lincoln owners.

    Car_man
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    Prices Paid Forum
  • Hey craigf14. I am not all that familiar with what the market is like for the Lincoln Navigator L in your area right now, but I suspect that you will have to pay a little more than dealer invoice (minus the $1,000 cash incentive) to get one right now. You may be able to get an idea of how much you will have to pay for this truck by stopping by the following discussion: "Lincoln Navigator: Prices Paid & Buying Experience".

    Car_man
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  • I am looking to lease a 2007 Navigator L 2WD MSRP $52,830. I need the residual percent for 15K miles for 24 and 36 months. Thanks. :shades:
  • Here's the information that you're looking for, negoti8. Ford Credit's current base lease rate and residual value for a 24 month lease of a 2007 Lincoln Navigator L 2WD with 12,000 miles per year are 0.25% and 58%, respectively. The numbers for an otherwise identical 36 month lease are 1.5% and 49%. When negotiating your lease on this truck, make sure to take the $1,000 lease cash that is currently available on the '07 Navigator into account. It will help you to negotiate an attractive capitalized cost for your lease.

    Car_man
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  • Hey CarMan:

    Can you figure a lease payment for me? The MSRP on the Navigator is $58,115. If I negotiate a price of $54,500 and use the $1000 lease cash, the selling price would be $53,500.00. I'm wanting a 36 month lease with 36,000 mile allowance. I can put down $2000.00. Dealer is waiving the security deposit. Once you figure the price, would this be a good deal?
  • Can anyone tell me what the current lease rate factor is for zip code 92626 in CA on the 2007 Lincoln Navigator L 4x2 MSRP $58,260.?? I don't believe the 1.5 for 36 months and .25 for 24 months are correct as referenced above.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to work up a lease payment on the truck that you are interested in for you. According to my calculations, if you were to lease a 2007 Lincoln Navigator L 2WD that has an MSRP of $58,115 and a selling price of $53,500 through Ford Credit right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $715. The price that you were quoted for this truck doesn't look bad, but it is difficult for me to tell exactly how much over dealer invoice it is. You can look up the dealer invoice price of the exact truck that you are interested in by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. If you tell me how much over invoice this offer is, I'll tell you what I think.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey pwinscott. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2007 Lincoln Navigator L 2WD with 15,000 miles per year are 1.5% and 51%, respectively. You can convert this lease rate into an approximate money factor equivalent by dividing it by 2400.

    Car_man
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  • CarMan - Trying to get approximate payment on a 2007 Lincoln Navigator 2wd with $49365 total msrp. selling price is $45300. 36 months, 12k miles per year with zero down. Can you let me know payment and what residual, factor, etc. you're using to calculate? Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to help you out, friedmike. According to my calculations, if you were to lease a 2007 Lincoln Navigator Luxury 2WD that has an MSRP of $49,365 and a selling price of $45,300 through Ford Credit right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $617. I used a lease rate of 1.5% and a residual value of 50% to calculate this lease payment. As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. One can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. So a lease rate of 1.5% is equivalent to a money factor of around 0.00063.

    Car_man
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