Howdy, Stranger!

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





Lincoln MKX Lease Questions

145791013

Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi txbelle1. Lincoln's normal cash incentives are not compatible with its special lease program, but it does have specific cash incentives that are. I believe that Lincoln's current lease cash on this model is $2,000. In addition to this, Lincoln is waiving the first month's payment on leases right now. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2008 Lincoln MKX AWD with 12,000 miles per year are 2.25% 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 base lease rate into an approximate money factor equivalent by dividing it by 2400.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • txbelle1txbelle1 Posts: 8
    Thanks for the info! So, I should deduct $2000 cash from my final negotiated sales price correct? Then convert the lease rate of 50% by dividing by 2400?
    Also in Tx how would I figure out TTL? In the advertisements it indicates $0 dwn sp can I roll TTL into my lease payment rather than pay up front for TTL?
  • leeseleese Posts: 8
    What do I expect with regard to Lease payments - more or less per month for 24 months vs. 36 months.

    Also, do you expect the lease deals to get sweeter in the coming months for the 2008 vehicle?
  • marks1965marks1965 Posts: 10
    Car Man, if you are around here's the deal. Trying to get your input as to whether this is a good deal and what you would recommend to do. I received the following quote today from a Lincoln dealer in Northern NJ: Tax and MV fees down (about $2000). The truck is fully loaded with the panoramic roof, navigational system, THX radio, all the bells and whistles, etc., etc. et. Dealer will also install Headrest DVD feature for $530/month, 39 months, 12,000 miles, residual at 50%. First, would you (or anyone else out there) consider this a good deal. Second, I have a Murano with 5 payments left ($400/month or $2000). The dealer offered to take my truck, pay it off, and then increase my monthly payment $50 to cover the cost of the old lease. Is this something to consider, or are there any benefits to paying off the Murano lease myself.
  • marks1965marks1965 Posts: 10
    Trying to get anyone's input as to whether this is a good deal and what you would recommend to do. I received the following quote today from a Lincoln dealer in Northern NJ: Tax and MV fees down (about $1500). The truck is fully loaded with the panoramic roof, navigational system, THX radio, all the bells and whistles, etc., etc. et. Dealer will also install Headrest DVD feature for $549/month, 39 months, 12,000 miles, residual at 50%, purchase price of $40,200. First, would you (or anyone else out there) consider this a good deal. Second, I have a Murano with 5 payments left ($400/month or $2000). The dealer offered to take my truck, pay it off, and then increase my monthly payment $50 to cover the cost of the old lease. The dealer also offered to give me one payment towards my lease. Should I have them pay off my lease, or are there any benefits to paying off the Murano lease myself, with the payment from the dealer.
  • hamomhamom Posts: 13
    Hi...I was quoted lease prices today for a 39 mo. lease...no money down...`15K miles...elite and ultimate packages...all the bells and whistles. I am getting quoted
    $591.66 a month. Is that a good deal?
  • hamomhamom Posts: 13
    ok..so we have been negotiating w/the dealer...and now we have them at $569 a month..no money down...w/elite, ultimate, rubber floor mats, 20inch chrome wheels, and heated rear seats. Is this a good deal? It's 39 month w/15K miles a year. This is for the AWD....
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome, txbelle1. Yes, negotiate as low a selling price as possible on the MKX that you want, stipulating that you want to have any available cash incentives subtracted from that. Don't just assume that the dealer will automatically deduct them.

    I am not personally familiar with how sales tax is calculated on leased vehicles in Texas, but you might be able to find out by visiting the Texas Department of Transportation or Texas Taxes.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi marks1965. You never mentioned the selling price or MSRP of the MKX that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing what this vehicle's selling price is in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I am sure that either myself or another knowledgeable community member will gladly give you our opinion on this deal you if you let me know what these numbers are.

    As far as your Murano lease goes, I personally don't see any reason to get out of it several months before its scheduled end date. Doing so only wastes your remaining payments. You probably would be better off waiting a couple of months to get something new.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • lentillentil Posts: 3
    Hi
    I was wondering if you could tell me if this is a good price.
    Its for a 2008 MKX w. the Ultimate package
    no money down just the first months payment.
    MSRP- 38,860
    Our price- 34,860
    39 months
    10,500 miles
    474.00 monthly payment
    Thank you in advance!
  • hamomhamom Posts: 13
    that sounds about right. I just got the mkx, w/ultimate, elite, 20inch wheels, heated back seats...15,000 miles a year...no money down...39 months...and my payment is $570...so the extra $100 I am paying accounts for the other package, wheels, milage, etc..I think it sounds right...
    I love my car...it's been almost a week...and I LOVE the way it drives...handles...it's excellent. Good luck!
  • lentillentil Posts: 3
    Thanks for the reply. We are going to pick it up today. I hope we love it as much as you!
    Thanks again :)
  • klafter53klafter53 Posts: 2
    got deal- 0 down (1250 fees) 450 a month (includes tax)- AWD w/ Ultimate Package, 20inch chrome wheels, splash guards- 39 months, 12K per year-
    54% residual.... I think its a good deal- every other dealer was around 2K down 525 a month w/o tax....
    thoughts?
    and how does everyone enjoy thier MKX?
    MSRP was 40,656.00 by the way
  • Could somebody tell me what is money factor and residual for this month?
    36 month 10K miles per year for FWD

    Thank you
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello edwood666. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2008 Lincoln MKX FWD with 10,500 miles per year are 2.5% and 48%, 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
  • I went into the Wayne, NJ dealership yesterday and was interested in signing for a MKX. They only had AWD and I was not interested in the package with NAV or the roof and whatever. I have NAV on my cell phone. They came out with a price of $500 per month with nothing down @ 12k a year for 39 months. I did not tell him that I was elegible for the 'A' plan. I went outside, was told I can get the A plan price, went back in there and they said the $500 per is the best price. I think that is BS. I figured I would be able to get it for a lot less on the A plan.

    Any thoughts out there? I want to turn in my 2006 Lincoln LS early.

    Any help would be greatly appreciated.
  • Car Man,

    Do you know the current lease program by Ford credit for the MKX. That is, the money factor and residual - for 12k both for 36/39 month lease.
    Thanks.
  • Hi Zack99. Ford Credit's current base lease rate and residual value for a 36 month lease of a 2009 MKX AWD with 12,000 miles per year are 0.25% and 46%, respectively. The numbers for an otherwise identical 39 month lease are .50% and 44%.

    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
  • Thanks for the info. However, is the lease numbers any different for the
    FWD model.
  • Car Man. Please give me your thoughts on the following lease. 2009 Lincoln MKX MSRP43320 cap cost 40553.62 residual 46% 36 months 12000 miles per year apr 0.25% Acquistion fee 595.00 total due at inception 710.77 pament 549.78 plus 6%tax =582.77. It seems a little high to me. Thank you.
145791013
Sign In or Register to comment.