2020 Lincoln Corsair Lease Deals and Prices

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Comments

  • nothingnew2menothingnew2me Member Posts: 22
    edited January 2021
    Michaell said:

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

    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?
  • MichaellMichaell Moderator Posts: 259,685

    Michaell said:

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

    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.

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  • nothingnew2menothingnew2me Member Posts: 22
    Michaell said:

    Michaell said:

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

    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.
  • MichaellMichaell Moderator Posts: 259,685

    Michaell said:

    Michaell said:

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

    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.

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  • nothingnew2menothingnew2me Member Posts: 22
    Michaell said:

    Michaell said:

    Michaell said:

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

    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?
  • MichaellMichaell Moderator Posts: 259,685

    Michaell said:

    Michaell said:

    Michaell said:

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

    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

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  • Khawkins10Khawkins10 Member Posts: 20
    edited January 2021
    Hello. May I please have MF, Residual and RV for Standard AWD 36mo/18k miles in 64152? Thank you!
  • kyfdxkyfdx Moderator Posts: 261,879

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

    1.17% APR
    48% residual

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  • Khawkins10Khawkins10 Member Posts: 20
    Any incentives? Sorry I realized my post said RV and residual when I meant to type RV and incentives 🤦🏼‍♀️
  • kyfdxkyfdx Moderator Posts: 261,879

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

    No

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  • nothingnew2menothingnew2me Member Posts: 22


    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.


  • MichaellMichaell Moderator Posts: 259,685
    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?

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  • nothingnew2menothingnew2me Member Posts: 22
    Michaell said:

    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
  • MichaellMichaell Moderator Posts: 259,685

    Michaell said:

    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.

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  • nothingnew2menothingnew2me Member Posts: 22
    Michaell said:

    Michaell said:

    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.
  • kyfdxkyfdx Moderator Posts: 261,879

    Michaell said:

    Michaell said:

    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

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  • nothingnew2menothingnew2me Member Posts: 22
    kyfdx said:

    Michaell said:

    Michaell said:

    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
  • instarandinstarand Member Posts: 147
    May I please have the lease numbers for a 2020 Corsair Standard FWD, 10/36 in 33436? Does Lincoln offer lower mileage lease options?
  • MichaellMichaell Moderator Posts: 259,685
    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.

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  • MacmikMacmik Member Posts: 34
    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
  • MichaellMichaell Moderator Posts: 259,685
    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.

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  • MacmikMacmik Member Posts: 34
    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
  • MichaellMichaell Moderator Posts: 259,685
    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.

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  • MacmikMacmik Member Posts: 34
    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
  • kyfdxkyfdx Moderator Posts: 261,879
    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?

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  • MacmikMacmik Member Posts: 34
    No i usually wait till i go into make a new deal. Im guessing you think i sbould get it done immediatly thx
  • kyfdxkyfdx Moderator Posts: 261,879
    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.

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  • dav_aevdav_aev Member Posts: 6
    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!
  • MichaellMichaell Moderator Posts: 259,685
    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.

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  • dav_aevdav_aev Member Posts: 6
    edited March 2021
    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?
  • kyfdxkyfdx Moderator Posts: 261,879
    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?

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  • dav_aevdav_aev Member Posts: 6
    edited March 2021
    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?
  • kyfdxkyfdx Moderator Posts: 261,879
    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

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  • RADIO8PUNKRADIO8PUNK Member Posts: 5
    Hi, Can I get the MF, RV, and lease incentives on a 2020 Lincoln Corsair Reserve for 36/10 for zip 43230?
  • kyfdxkyfdx Moderator Posts: 261,879

    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

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  • farisnearfarisnear Member Posts: 76

    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)

  • MichaellMichaell Moderator Posts: 259,685
    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.

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