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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
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.
Hi lakerunner4h. Let's assume that you are able to negotiate a selling price of around $500 over dealer invoice on the MKX that you are interested in. According to my calculations, if you were to lease a 2008 Lincoln MKX AWD that has an MSRP of $41,725 and a selling price of $37,223 ($500 over invoice minus $1,500 lease cash) through Ford Credit right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $499. The payment for an otherwise identical 39 month lease would be $493. The payment for a 48 month lease is worse than both the 36 and 39 month options so you don't want to go that route. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
I'm looking at a 2008 MKS AWD with a sticker of $41,725, and invoice of $38,223. Since IL taxes leasors based on the total purchased value of the vehicle, what would be reasonable 36, 39, & 48 months rates on this vehicle in IL with 15,000 miles per year?
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