Lincolns don’t tend to come up on leasehackr too often, so I dont know that you’re going to have a ton of data to back up what a “great” deal is. That said, this doesnt seem to be any better than the current national offer for a non-loaner.
Also, on review, I see your deal is for the reserve and not the standard which the national offer is for. So your offer is better than I initially thought, but again I dont know what a good or great preincentive selling price would be for these vehicles.
with that said, the maintenance was something I wasn’t taking in consideration though, I surely hope to be able to get off the lease earlier than the 48 month by selling to Carvana/vroom/shift/Algo just like I did with my previous Honda.
I know Lincoln offers “early bird” for about 6 month prior to the end of the lease trade.
I always looked at lease deals as the 1% rule - meaning if the monthly payment with zero down is less than 1% that is a deal you can look into haha,
but having the opinion of the experts here means much more to me.
I was looking for a while and couldn’t find great lease deals in my area and I was VERY open about which car I want - SUV/Sedan.
if you’ve heard some kind of a super deal that I can replicate in my area - please do share I would love to look into that.
My wife had a lease on a lincoln mkc(previous generation corsair) a few years back. I have never seen a vehicle drop value so quickly. It spent the entire lease term with the buy out price at least $15k more than any offer I could get on it.
I think the corsair is nice… But go into the lease with every expectation of seeing it through to the end.
With an absence of data, for a $50K car, the price is probably… decent? I don’t think you’re getting ripped off. And the Reserve is the highest trim level, right?
To the OP, how many miles on the loaner? Will the warranty cover you throughout the duration of the lease? Consumer Reports indicates that first yr reliability has been poor, so you’ll likely want to make sure you’re covered.
looked at the warranty terms and it seems 4 years/50K , It has ~3000 miles on it
I also asked about the coverage terms through the lease time and the option of 36.
I am really hoping to get it all done by the end of the day today, I will share all the answers.
thank you all guys I highly appreciate your feedback on that.
same MSRP 51240
selling price: 42064$
lease term 24 month / 10500 miles
residual 60%
2500$ rebates (conquest, lease cash and medical first responder)
after 1000$ down
455$ a month.
Might want to see if the calculator can be changed to include $1K DAS as cap cost reduction.
Again, it’s hard to say if the deal is good b/c there’s so little data for this model. Including cap cost reduction, the effective cost is around $480/mo. That’s probably a decent deal for a $50K SUV loaner which has a lot of equipment.
