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Lincoln MKZ Lease Questions
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Car_man
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Car_man
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Car_man
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I am looking to lease a 2008 MKZ this weekend. I went to a dealership last week just to see what my payments would be. without much negotiating it came to $1500 down $315 Month for 36 months 12000 miles a year. I was told that there is a $1000 dealer incentive on the lease. Is this a good deal or can I do better. Would apprecaite anyone information you can share.
Thanks,
Matt
What is the MSRP and selling price? What does the $1500 down cover (start-ups or is it all capital cost reduction)?
As it looks, from the computations I have made, that is an excellent lease deal.
Damon
Thanks
lincoln is running a special , 319 per month for 39 months, 2500 down, taxes and license extra. i live in missouri which i thohgt taxes only part of the price. the dealer said our county tax of 7.5% would be paid on 40% the first year and like increments. this makes no sense to me. looks like total sales tax if i buy it is 2400 and license in only 50 per year.
do you know how they figure sales tax in mo. and doesent the 319 sound much better? both 12,000 miles
Our local dealer has about 10 leftover 2007 MKZ's they'll blow out at cost. I can figure the payment if you can tell me what are the residuals and money rate on a 2007, 30, 36 or 39 month lease with at least 15k a year? Can you still buy more liles at 10-15 cents a mile up front?
Thanks!
Thanks.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
MSRP of $39,400
10K miles/yr.
Alleged money factor of 1.5
dealer claims resid. on 36 months = 48%
zero down, $595 bank fee plus $353 DMV reg. fee rolled into cost
Monthly lease payment would be $600 (i believe incl. taxes)
for 12K miles, Res. value for 36 mos. =47%
Fair? Sure is a lot higher than the 2008 lease deals a few weeks ago.
According to the latest information that I have seen, Ford Credit's current base lease rate and residual value for a 36 month lease of a 2009 Lincoln MKZ 2WD with 15,000 miles per year are 1.5% and 46%, 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.
Ford is providing employee pricing to everyone on the '09 MKZ right now. This will enable you to get a great price on this car without having to negotiate.
Car_man
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Can you please tell me Ford Credit's latest lease rate, residuals and incentives for a 2WD MKZ, 10,500 miles per, 36 and/or 39 month terms?
Thanks!
John
The lease rates are 0.75 for 36 and 1.00 for 39 (at least for the philadelphia region). I'm not sure where you live. Incentives are the same no matter the term. Right now there is a $1,500 rebate. If you're in a Ford lease now there is also a $1,500 renewal rebate. Hope that helps. Oh, the residual for 36 is 47% and 45% for 39 at 10,500.
John
I believe that Ford is currently providing a $1,000 cash incentive on leases of the '09 MKZ right now. It is also waiving the first month's lease payment on this car in certain areas.
Car_man
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John
Thanks!
Trying to get this signed for my mother this week or next. (She's waited to the last minute and has limited her choice of color to Red...)
Thank you!
36 month 39 month
Lease Rate: 0.75% 1%
Residual Value 47% 45%
MSRP: $33,490
Cap Cost: $29,558
Payment ~$410.00 ~$402.00
He couldn’t explain why the 39 was cheaper . Can anyone???
$29558 cap cost
$15740 residual
$13817 depreciation / 36 = $384/mo depreciation
39 month
$29558 cap cost
$15071 residual
$14487 depreciation / 39 = $372/mo. depreciation
The extra 2% depreciation results in a lower depreciation per month, because it's spread over a longer term... and more than makes up for the slightly higher interest rate..
regards,
kyfdx
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Car_man
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Ford is not currently providing any cash incentives on leases of this car, but I am sure that it will eventually introduce lease cash on it in a couple of months.
Car_man
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On several car forums, there appears a Competitive Bonus Incentive listed as follows "Bonus Cash Lincoln Mercury 2010 Ford Credit Competitive Lease Conquest #32888-National" ($1000.) I currently coming off a lease of a Lexus and am considering the '10 MKZ. I've e-mailed 2 dealers inquiring about the above "incentive. One indicated that I had to have a direct "mailing" offer from Ford in order to qualify. The 2nd dealer stated that the incentive could only be verified once a specific VIN # was entered. Since he had no '10's in stock, he could not verify the incentive offer. Is there any way of verifying (other than relying on the dealer) who qualifies for this incentive?
Thanks
faellaf
Car_man
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Gracias
Thanks!
SammyS
I'm quite happy with the car and would consider doing a similar lease again but looks like the payments are quite a bit more, in the $400 range.
What gives? Did the MKZ become that much more expensive?
39 month term
10.5k miles/year
lease rate of 1.5%
$1k down
$429/month + taxes and fees
-or- purchase for $30,829
*Monthly rate seems high to me. Thoughts??
When negotiating your lease on this car, make sure to take the $1,400 bonus cash that is currently available on it into account.
Car_man
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Vehicles' lease payments are made up of two parts, the interest portion and the depreciation portion. It retrospect, now that higher gas prices and a slower economy have taken their toll on used vehicle values, manufacturers had been overestimating the future values of vehicles that they were leasing. In many cases, the vehicles that they had leased to consumers were worth significantly less than what they had estimated they would be. This phenomenon caused many banks to take huge, millions and millions of dollars, hits to their earnings and to be more conservative in estimating vehicles' residual values going forward.
Car_man
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Can you help me out again please with current incentives for the 2009 AWD MKZ, which I hear are set to expire on 6/30/2009? What, and how much, are these incentives?
A previous poster, forthill, has an interesting deal and I wonder what your thoughts are on it? What is the RV for 10.5k miles on that auto?
Thanks.
SammyS
Thanks!
Car_man
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Car_man
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I wonder if there is any lease out for a midsize near luxo mobile in the $300 range. I saw an ad today in our local paper (San Jose Mercury News) for a BMW 328i (def. luxury terrain) for $399. But they wanted $2 or $3K down.
So what gives?
for 36 mos
12k
fwd
thank you in advance
A Mercedes-Benz C300 would likely be in the low 4's with nothing down. The same thing goes for the Lexus ES 350 and BMW 328i.
Car_man
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