Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Lincoln MKX Lease Questions

13468913

Comments

  • 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.
  • 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
  • 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
  • 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
  • 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
  • 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.
  • scumfrogscumfrog Posts: 9
    My lovely wife would like to lease an MKX. She wants it all prettied up w/4wd. I have been offered a 15k lease rate of $599/month w/ approx. $3500 down. I think I can do better. I would appreciate any info and would like to thank you all in advance.
    Scumfrog
  • houston8houston8 Posts: 3
    There's no reason to put ANY money down on a lease except for the first month's payment. Our 08 MKX has every option except 4WD and stickered for $43300. We paid $39600 plus got a $1500 rebate (I had a trade of $36k so we saved quote a bit of tax). Our payment for a 36 month, 15K lease is $564 including tax. The only thing we paid was the first month's note.
    Hope this helps.
  • scumfrogscumfrog Posts: 9
    Thank you Houston. If I may ask, are you in the Chicagoland area? Your info is very helpful.
    Thanks
    Scumfrog
  • The '08 MKX I am looking at has a sticker of $44610. I would like to lease it for 39 months at 12k/year. What (with3000 TOTAL 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?
    OR NOTHING DOWN JUST (500)
    :blush:
    Thank you! I'm planning on leasing one this week. NY/NJ AREA
  • infinitimninfinitimn Posts: 137
    Cindy, there are some good deals out there. But never put more than the absolute minimum down on a lease. $3,000 is about $1400-$1500 too much. If the car is totaled or stolen you will never see that money again. I was looking for an MKX before I decided to go with an Acura RDX. I saw some pretty good deals in the ad for Maplecrest in Northern NJ, or Wayne LM.
  • Looking at the current zero due at signing offer on MKX for 459 a month for 39 months.

    Interested to know what the Rate/ MF are on those and how they change with a 24 month lease, 36 month lease and either 15k or 18k miles a year.

    Thanks

    PS i have xplan pricing available and am interested to know if the demand on these is big or not. I live in socal and havent seen any of these on the road.
  • txbelle1txbelle1 Posts: 8
    I am wanting to lease a MKX for 36 months, 12k miles per year in Tx with a MSRP of $36,999. Please let me know the residual, money factor and how the current "red carpet lease" special they have effects me. Is the $2000 cash back taken off the price I negotiate for the car? Lastly, how much should I expect to pay for tax, tile and license, TTL and my payment per month. The dealer told me their would be 2800 cash due and the ad for the lease special on Lincoln's website indicates $0 at signing. Thanks!!
  • marks1965marks1965 Posts: 10
    I'm starting to look at new leases, either the MKX or the Lexus RX350. I am looking for a 36 month lease/12,000 miles per year, AWD, Navigational and rear dvd system. I am in northern NJ. I am likely going to go to Town Motors in Englewood. I want to put down as little as pssibloe, of course. Anyone have recent experiences that they can share.
  • vinnieg1vinnieg1 Posts: 53
    I jist leased an MKX w/ ultimate package for 39 months 0 down sign and drive $500 per month. Without ultimate package about 450 per month. 10.500 miles oer year. Miles per year are negotiable. Good Luck.
  • marks1965marks1965 Posts: 10
    Thanks for the infromation. What geographic area are you in.
  • vinnieg1vinnieg1 Posts: 53
    Orlando Florida
  • hamomhamom Posts: 13
    I just got a quote yesterday from Schultz Lincoln in Nanuet, NY. They are telling me that 36 mo, 15K miles a year, with all the options you mention...do money down, except first payment...and they are quoting me $600 a month. This is a car with every bell and whistle....
  • marks1965marks1965 Posts: 10
    Thanks for the info. I would be looking at 12,000 miles, so maybe less than $600 may work. It's interesting because I have a Murano right now, with every bell and whistle. The price of the truck at the time I leased it was more than $43,000, which is comparable to the Lincoln With no money down, my monthly payment is $409.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello kylechoffman. Ford Credit's base lease rate and residual value for a 24 month lease of a 2008 Lincoln MKX AWD with 15,000 miles per year are 0.50% and 57%, respectively. The numbers for an otherwise identical 36 month lease are 2.25% and 48%. The residual values for leases with 18,000 miles per year would be 2% lower. 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. Make sure to take the lease cash that is available on this truck into account when negotiating your lease.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
13468913
Sign In or Register to comment.