2020 Lincoln Corsair Lease Deals and Prices

nothingnew2me

Michaell said:

nothingnew2me said:

97201 MF/RV 36 and 39 month 10,000 and 12,000 miles please & thank you!

nothingnew2me said:

Reserve AWS

36/12
1.17% APR
52% residual

39/12
1.42% APR
49% residual

$1000 lease cash

Thank you!
So, I was actually at a dealer last night & asked him what the money factor was. He said Lincoln doesn't use a "money factor" that they go by an interest percentage. The specific offer on the table was .043. I felt like I was getting screwed due to this and other reasons, so I walked out.

Even doing the math on the 36 month, 1.17/2400 = .0004875
That's vastly different than most money factors I see. Is Lincoln factoring their vehicles differently?

Michaell

nothingnew2me said:

Michaell said:

nothingnew2me said:

97201 MF/RV 36 and 39 month 10,000 and 12,000 miles please & thank you!

nothingnew2me said:

Reserve AWS

36/12
1.17% APR
52% residual

39/12
1.42% APR
49% residual

$1000 lease cash

Thank you!
So, I was actually at a dealer last night & asked him what the money factor was. He said Lincoln doesn't use a "money factor" that they go by an interest percentage. The specific offer on the table was .043. I felt like I was getting screwed due to this and other reasons, so I walked out.

Even doing the math on the 36 month, 1.17/2400 = .0004875
That's vastly different than most money factors I see. Is Lincoln factoring their vehicles differently?

From my answer, Lincoln uses an APR rather than a true money factor. You sure it wasn't .00430? That would be a huge markup, but still within the realm of possibility.

Anyway, you were right to walk.

nothingnew2me

Michaell said:

nothingnew2me said:

Michaell said:

nothingnew2me said:

97201 MF/RV 36 and 39 month 10,000 and 12,000 miles please & thank you!

nothingnew2me said:

Reserve AWS

36/12
1.17% APR
52% residual

39/12
1.42% APR
49% residual

$1000 lease cash

Thank you!
So, I was actually at a dealer last night & asked him what the money factor was. He said Lincoln doesn't use a "money factor" that they go by an interest percentage. The specific offer on the table was .043. I felt like I was getting screwed due to this and other reasons, so I walked out.

Even doing the math on the 36 month, 1.17/2400 = .0004875
That's vastly different than most money factors I see. Is Lincoln factoring their vehicles differently?

From my answer, Lincoln uses an APR rather than a true money factor. You sure it wasn't .00430? That would be a huge markup, but still within the realm of possibility.

Anyway, you were right to walk.

OK, so he wasn't smoke & mirrors saying they don't use a money factor - that's good to know.
Could I float the whole deal & you tell me if it's a good purchase?
The first numbers were over $800/mo with $2k down & $15k offer on the trade. I pointed out KBB puts median trade at $19k. He bumped that up to $20k & attached is the rest.
I double checked the .043 he said & was too hangry to ask for details as we'd been talking numbers for an hour at that point. If that was anything close to an MF, then yes, it's HUGE! Even if I misheard & it was .0043 that's still significant, but when I put the numbers into online calculators, it's pretty close to the percentage you quoted.

Michaell

nothingnew2me said:

Michaell said:

nothingnew2me said:

Michaell said:

nothingnew2me said:

97201 MF/RV 36 and 39 month 10,000 and 12,000 miles please & thank you!

nothingnew2me said:

Reserve AWS

36/12
1.17% APR
52% residual

39/12
1.42% APR
49% residual

$1000 lease cash

Thank you!
So, I was actually at a dealer last night & asked him what the money factor was. He said Lincoln doesn't use a "money factor" that they go by an interest percentage. The specific offer on the table was .043. I felt like I was getting screwed due to this and other reasons, so I walked out.

Even doing the math on the 36 month, 1.17/2400 = .0004875
That's vastly different than most money factors I see. Is Lincoln factoring their vehicles differently?

From my answer, Lincoln uses an APR rather than a true money factor. You sure it wasn't .00430? That would be a huge markup, but still within the realm of possibility.

Anyway, you were right to walk.

OK, so he wasn't smoke & mirrors saying they don't use a money factor - that's good to know.
Could I float the whole deal & you tell me if it's a good purchase?
The first numbers were over $800/mo with $2k down & $15k offer on the trade. I pointed out KBB puts median trade at $19k. He bumped that up to $20k & attached is the rest.
I double checked the .043 he said & was too hangry to ask for details as we'd been talking numbers for an hour at that point. If that was anything close to an MF, then yes, it's HUGE! Even if I misheard & it was .0043 that's still significant, but when I put the numbers into online calculators, it's pretty close to the percentage you quoted.

No sales tax in OR, correct?

If so, I get $697/mo for 36 months and $693/mo for 39 months, using the prices given - that assumes only the first payment and acquisition fee paid at signing, not the $3K they show on their worksheet.

It's just an OK lease program, in all honesty.

nothingnew2me

Michaell said:

nothingnew2me said:

Michaell said:

nothingnew2me said:

Michaell said:

nothingnew2me said:

97201 MF/RV 36 and 39 month 10,000 and 12,000 miles please & thank you!

nothingnew2me said:

Reserve AWS

36/12
1.17% APR
52% residual

39/12
1.42% APR
49% residual

$1000 lease cash

Thank you!
So, I was actually at a dealer last night & asked him what the money factor was. He said Lincoln doesn't use a "money factor" that they go by an interest percentage. The specific offer on the table was .043. I felt like I was getting screwed due to this and other reasons, so I walked out.

Even doing the math on the 36 month, 1.17/2400 = .0004875
That's vastly different than most money factors I see. Is Lincoln factoring their vehicles differently?

From my answer, Lincoln uses an APR rather than a true money factor. You sure it wasn't .00430? That would be a huge markup, but still within the realm of possibility.

Anyway, you were right to walk.

OK, so he wasn't smoke & mirrors saying they don't use a money factor - that's good to know.
Could I float the whole deal & you tell me if it's a good purchase?
The first numbers were over $800/mo with $2k down & $15k offer on the trade. I pointed out KBB puts median trade at $19k. He bumped that up to $20k & attached is the rest.
I double checked the .043 he said & was too hangry to ask for details as we'd been talking numbers for an hour at that point. If that was anything close to an MF, then yes, it's HUGE! Even if I misheard & it was .0043 that's still significant, but when I put the numbers into online calculators, it's pretty close to the percentage you quoted.

No sales tax in OR, correct?

If so, I get $697/mo for 36 months and $693/mo for 39 months, using the prices given - that assumes only the first payment and acquisition fee paid at signing, not the $3K they show on their worksheet.

It's just an OK lease program, in all honesty.

Thanks for the info!
Right, no sales tax in Oregon.
Forgive my naivety as this is my first lease ever. How did you calculate your dollar amounts? $697 and $693?

Michaell

nothingnew2me said:

Michaell said:

nothingnew2me said:

Michaell said:

nothingnew2me said:

Michaell said:

nothingnew2me said:

97201 MF/RV 36 and 39 month 10,000 and 12,000 miles please & thank you!

nothingnew2me said:

Reserve AWS

36/12
1.17% APR
52% residual

39/12
1.42% APR
49% residual

$1000 lease cash

Thank you!
So, I was actually at a dealer last night & asked him what the money factor was. He said Lincoln doesn't use a "money factor" that they go by an interest percentage. The specific offer on the table was .043. I felt like I was getting screwed due to this and other reasons, so I walked out.

Even doing the math on the 36 month, 1.17/2400 = .0004875
That's vastly different than most money factors I see. Is Lincoln factoring their vehicles differently?

From my answer, Lincoln uses an APR rather than a true money factor. You sure it wasn't .00430? That would be a huge markup, but still within the realm of possibility.

Anyway, you were right to walk.

OK, so he wasn't smoke & mirrors saying they don't use a money factor - that's good to know.
Could I float the whole deal & you tell me if it's a good purchase?
The first numbers were over $800/mo with $2k down & $15k offer on the trade. I pointed out KBB puts median trade at $19k. He bumped that up to $20k & attached is the rest.
I double checked the .043 he said & was too hangry to ask for details as we'd been talking numbers for an hour at that point. If that was anything close to an MF, then yes, it's HUGE! Even if I misheard & it was .0043 that's still significant, but when I put the numbers into online calculators, it's pretty close to the percentage you quoted.

No sales tax in OR, correct?

If so, I get $697/mo for 36 months and $693/mo for 39 months, using the prices given - that assumes only the first payment and acquisition fee paid at signing, not the $3K they show on their worksheet.

It's just an OK lease program, in all honesty.

Thanks for the info!
Right, no sales tax in Oregon.
Forgive my naivety as this is my first lease ever. How did you calculate your dollar amounts? $697 and $693?

Use this link to figure out how to calculate a lease payment

Khawkins10

Hello. May I please have MF, Residual and RV for Standard AWD 36mo/18k miles in 64152? Thank you!

kyfdx

Khawkins10 said:

Hello. May I please have MF, Residual and RV for Standard AWD 36mo/18k miles in 64152? Thank you!

1.17% APR
48% residual

Khawkins10

Any incentives? Sorry I realized my post said RV and residual when I meant to type RV and incentives 🤦🏼‍♀️

kyfdx

Khawkins10 said:

Any incentives? Sorry I realized my post said RV and residual when I meant to type RV and incentives 🤦🏼‍♀️

No

nothingnew2me

Use this link to figure out how to calculate a lease payment

I asked them for another deal with less $ down. Does this look OK? The $645 discrepancy is the 1st month payment.

Michaell

nothingnew2me said:

Use this link to figure out how to calculate a lease payment

I asked them for another deal with less $ down. Does this look OK? The $645 discrepancy is the 1st month payment.




Just to confirm a few things:
1. The MSRP is $52,675?
2. The only discount you are getting is the incentive? No dealer discount on this? If that's correct, that seems odd for a car that is a full model year old, now. I'd expect to see some sort of discounting.
3. Is the "Cash Down" in addition to the $900 of trade equity I see?

nothingnew2me

Michaell said:

nothingnew2me said:

Use this link to figure out how to calculate a lease payment

I asked them for another deal with less $ down. Does this look OK? The $645 discrepancy is the 1st month payment.

Just to confirm a few things:
1. The MSRP is $52,675?
2. The only discount you are getting is the incentive? No dealer discount on this? If that's correct, that seems odd for a car that is a full model year old, now. I'd expect to see some sort of discounting.
3. Is the "Cash Down" in addition to the $900 of trade equity I see?

1. Yes - msrp is $52,675
2. $1,500 incentives & $1k additional for the trade incentive makes up the $2,500 “rebate”
3. Cash down plus $900 equity

Michaell

nothingnew2me said:

Michaell said:

nothingnew2me said:

Use this link to figure out how to calculate a lease payment

I asked them for another deal with less $ down. Does this look OK? The $645 discrepancy is the 1st month payment.

Just to confirm a few things:
1. The MSRP is $52,675?
2. The only discount you are getting is the incentive? No dealer discount on this? If that's correct, that seems odd for a car that is a full model year old, now. I'd expect to see some sort of discounting.
3. Is the "Cash Down" in addition to the $900 of trade equity I see?

1. Yes - msrp is $52,675
2. $1,500 incentives & $1k additional for the trade incentive makes up the $2,500 “rebate”
3. Cash down plus $900 equity

Then, that's not a good deal.

nothingnew2me

Michaell said:

nothingnew2me said:

Michaell said:

nothingnew2me said:

Use this link to figure out how to calculate a lease payment

I asked them for another deal with less $ down. Does this look OK? The $645 discrepancy is the 1st month payment.

Just to confirm a few things:
1. The MSRP is $52,675?
2. The only discount you are getting is the incentive? No dealer discount on this? If that's correct, that seems odd for a car that is a full model year old, now. I'd expect to see some sort of discounting.
3. Is the "Cash Down" in addition to the $900 of trade equity I see?

1. Yes - msrp is $52,675
2. $1,500 incentives & $1k additional for the trade incentive makes up the $2,500 “rebate”
3. Cash down plus $900 equity

Then, that's not a good deal.

Thanks, but what would make it a good deal? I've never negotiated a lease before.
They're using the 1.17% interest rate and I'm getting considerably more for my trade than at any other dealer I've talked numbers with.

kyfdx

nothingnew2me said:

Michaell said:

nothingnew2me said:

Michaell said:

nothingnew2me said:

Use this link to figure out how to calculate a lease payment

I asked them for another deal with less $ down. Does this look OK? The $645 discrepancy is the 1st month payment.

Just to confirm a few things:
1. The MSRP is $52,675?
2. The only discount you are getting is the incentive? No dealer discount on this? If that's correct, that seems odd for a car that is a full model year old, now. I'd expect to see some sort of discounting.
3. Is the "Cash Down" in addition to the $900 of trade equity I see?

1. Yes - msrp is $52,675
2. $1,500 incentives & $1k additional for the trade incentive makes up the $2,500 “rebate”
3. Cash down plus $900 equity

Then, that's not a good deal.

Thanks, but what would make it a good deal? I've never negotiated a lease before.
They're using the 1.17% interest rate and I'm getting considerably more for my trade than at any other dealer I've talked numbers with.

You are paying full MSRP for last year's model. Leasing is no different from buying. Negotiate a big discount

nothingnew2me

kyfdx said:

nothingnew2me said:

Michaell said:

nothingnew2me said:

Michaell said:

nothingnew2me said:

Use this link to figure out how to calculate a lease payment

I asked them for another deal with less $ down. Does this look OK? The $645 discrepancy is the 1st month payment.

Just to confirm a few things:
1. The MSRP is $52,675?
2. The only discount you are getting is the incentive? No dealer discount on this? If that's correct, that seems odd for a car that is a full model year old, now. I'd expect to see some sort of discounting.
3. Is the "Cash Down" in addition to the $900 of trade equity I see?

1. Yes - msrp is $52,675
2. $1,500 incentives & $1k additional for the trade incentive makes up the $2,500 “rebate”
3. Cash down plus $900 equity

Then, that's not a good deal.

Thanks, but what would make it a good deal? I've never negotiated a lease before.
They're using the 1.17% interest rate and I'm getting considerably more for my trade than at any other dealer I've talked numbers with.

You are paying full MSRP for last year's model. Leasing is no different from buying. Negotiate a big discount



Oh, gotcha. OK, thanks

instarand

May I please have the lease numbers for a 2020 Corsair Standard FWD, 10/36 in 33436? Does Lincoln offer lower mileage lease options?

Michaell

instarand said:

May I please have the lease numbers for a 2020 Corsair Standard FWD, 10/36 in 33436? Does Lincoln offer lower mileage lease options?

1.17% APR
53% residual
$1500 lease cash

Both 7500 (+1%) and 5000 (+2%) mile allowances are available.

Macmik

Hi my wife would like to lease a corsair on our next lease in march. Currently in a leased rav 4 LE. We have almost 15k miles left over on current lease and is in good shape.What would be the best option in getting the best deal on a corair? Is possible ti sell to lincoln at higher price than residual buyout? And then go from there? Thx fir the input

Michaell

Macmik said:

Hi my wife would like to lease a corsair on our next lease in march. Currently in a leased rav 4 LE. We have almost 15k miles left over on current lease and is in good shape.What would be the best option in getting the best deal on a corair? Is possible ti sell to lincoln at higher price than residual buyout? And then go from there? Thx fir the input

You should take the RAV4 to CarMax and have them give you a buy bid; also, you can use Vroom and Carvana on line for the same thing. Compare that to your buyout number (how many months are left on your current lease?) to see if there is any positive equity, or not.

Macmik

Would it be possible for lincoln to buy my rav 4 for its residual and fees while getting into a new corsair in the same day? I know i asked before and you suggested carmax/ vroom/ carvana. Carmax kinda far from me vroom seems like a long process carvana low balling.i think i could negotiate a good deal using the skills you showed me but not sure if lincoln would buy the rav or take it back to toyota so they charge me for every little thing. Havent went tbis route yet. Thx

Michaell

Macmik said:

Would it be possible for lincoln to buy my rav 4 for its residual and fees while getting into a new corsair in the same day? I know i asked before and you suggested carmax/ vroom/ carvana. Carmax kinda far from me vroom seems like a long process carvana low balling.i think i could negotiate a good deal using the skills you showed me but not sure if lincoln would buy the rav or take it back to toyota so they charge me for every little thing. Havent went tbis route yet. Thx

If the Lincoln dealer wants it, they'll make you an offer. You may not like it (think Carvana-like) and there may be negative equity to deal with.

Your best course of action is to ride out the RAV4 lease until it's over, then shop for the next car.

Macmik

Yes i have 2 1/2 weeks before i return it . So hoping they dont find stupid stuff that they usually overlook when i re lease a new vehicle. Thx

kyfdx

Macmik said:

Yes i have 2 1/2 weeks before i return it . So hoping they dont find stupid stuff that they usually overlook when i re lease a new vehicle. Thx

Have you done the pre- turn-in inspection?

Macmik

No i usually wait till i go into make a new deal. Im guessing you think i sbould get it done immediatly thx

kyfdx

Macmik said:

No i usually wait till i go into make a new deal. Im guessing you think i sbould get it done immediatly thx

Yes.. I would never just turn over the keys, without knowing what is ahead.

dav_aev

Hi! As always, as I narrow down my new car search to 2 candidates and do my best to get the best deal from the dealer, I like to check here to make sure I am not missing something. I was planning on purchasing a 2021 Corsair Reserve with the 201A equipment package and was "introduced" to a 2020 model that has everything I am looking for and a bit more that I wouldn't pay for (but am happy with!). I would expect a decent discount on a leftover 2020 model, even though it seems that there is nothing vastly different from the 2021s except packaging and the mileage is still low (<100). Here is what I am being offered:

MSRP 57,715
DISCOUNT 4,184
Sale Price 53,531
Rebate 2,5000

DELIVERD PRICE 55,184.64

Is that a big enough discount for a 2020 at this point?

Thank you!

Michaell

dav_aev said:

Hi! As always, as I narrow down my new car search to 2 candidates and do my best to get the best deal from the dealer, I like to check here to make sure I am not missing something. I was planning on purchasing a 2021 Corsair Reserve with the 201A equipment package and was "introduced" to a 2020 model that has everything I am looking for and a bit more that I wouldn't pay for (but am happy with!). I would expect a decent discount on a leftover 2020 model, even though it seems that there is nothing vastly different from the 2021s except packaging and the mileage is still low (<100). Here is what I am being offered:

MSRP 57,715
DISCOUNT 4,184
Sale Price 53,531
Rebate 2,5000

DELIVERD PRICE 55,184.64

Is that a big enough discount for a 2020 at this point?

Thank you!
</p>

We don't track pricing.

Edmunds price tools

dav_aev

Michaell said:

We don't track pricing.

Edmunds price tools

Thanks for the quick response. Would you be able to comment on the % discount, not the actual $ price? In other words, is 7.25% discount sufficient for a 2020?

kyfdx

dav_aev said:

Michaell said:

We don't track pricing.

Edmunds price tools

Thanks for the quick response. Would you be able to comment on the % discount, not the actual $ price? In other words, is 7.25% discount sufficient for a 2020?

dav_aev

kyfdx said:

dav_aev said:

Michaell said:

We don't track pricing.

Edmunds price tools

Thanks for the quick response. Would you be able to comment on the % discount, not the actual $ price? In other words, is 7.25% discount sufficient for a 2020?

Sorry, I think I missed your latest response!

Can I get the MF/APR, residual and current leasing incentives for a 2020 Lincoln Corsair Reserve for zip code 15101?

kyfdx

dav_aev said:

kyfdx said:

dav_aev said:

Michaell said:

We don't track pricing.

Edmunds price tools

Thanks for the quick response. Would you be able to comment on the % discount, not the actual $ price? In other words, is 7.25% discount sufficient for a 2020?

Sorry, I think I missed your latest response!

Can I get the MF/APR, residual and current leasing incentives for a 2020 Lincoln Corsair Reserve for zip code 15101?

I think this is the first time you've asked for the lease variables.

36/15

1.17% APR
50% residual

AWD: $2000 lease cash
FWD: $1500 lease cash

RADIO8PUNK

Hi, Can I get the MF, RV, and lease incentives on a 2020 Lincoln Corsair Reserve for 36/10 for zip 43230?

kyfdx

RADIO8PUNK said:

Hi, Can I get the MF, RV, and lease incentives on a 2020 Lincoln Corsair Reserve for 36/10 for zip 43230?

1.17% APR
53% residual

AWD: $2000 lease cash
FWD: $1500 lease cash

farisnear

Can I get the MF/APR, residual, and incentives for a 2020 Corsair in zip code 60185 for the following?

1) Standard AWD (36/10,000 miles per year)

2) Reserve AWD (36/10,000 miles per year)

Michaell

farisnear said:

Can I get the MF/APR, residual, and incentives for a 2020 Corsair in zip code 60185 for the following?

1) Standard AWD (36/10,000 miles per year)

2) Reserve AWD (36/10,000 miles per year)

The 2020 Corsair lease programs have ended.