Lincoln MKZ Loan Calculator
Our Loan Calculator display shows you how your Lincoln MKZ loan balance compares to the ongoing value of your vehicle. With financing, each monthly payment will reduce the balance of your loan. Unfortunately, during this same period, your vehicle's resale value will decline as well. The purpose of this tool is to show you how you can finance your MKZ to ensure that your loan balance declines faster than the value of your vehicle.
With your results below, the goal is to have the shaded area be entirely green. This likely means that the value of your vehicle will always be greater than your loan balance. If you see yellow or red, your loan balance at some point will be at or above the value of your vehicle. You want to avoid this as we describe here. For the best financial outcome, adjust your loan terms, or choose a vehicle that doesn't depreciate as rapidly. We've also created a video that explains these scenarios and demonstrates the loan calculator.
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Lincoln MKZ Projected Resale Value vs Loan Balance
| Year | Resale Value | Loan Balance | Difference |
|---|---|---|---|
| 0 | $51,857 | $51,857 | $0 (0%) |
| 1 | $46,225 | $42,446 | +$3,779 (8%) |
| 2 | $42,758 | $32,577 | +$10,181 (24%) |
| 3 | $40,500 | $22,229 | +$18,271 (45%) |
| 4 | $37,130 | $11,379 | +$25,751 (69%) |
| 5 | $35,112 | $0 | +$35,112 (100%) |
Lincoln MKZ Monthly Payment
| Loan Term | 60 Months |
| APR | 4.75% |
| Paid in Full | Dec, 2028 |
| Total Principal | $51,857 |
| Total Interest | $6,504 |
| Total Cost of Loan | $58,361 |
| Loan Term | 60 Months |
| APR | 4.75% |
| Paid in Full | Dec, 2028 |
| Total Principal | $51,857 |
| Total Interest | $6,504 |
| Total Cost of Loan | $58,361 |
Lincoln MKZ Loan Amortization
| Month | Interest | Principal | Balance |
|---|---|---|---|
| Jan, 2024 | $205.27 | $767.00 | $51,090.00 |
| Feb, 2024 | $202.23 | $770.00 | $50,320.00 |
| Mar, 2024 | $199.18 | $773.00 | $49,547.00 |
| Apr, 2024 | $196.12 | $777.00 | $48,770.00 |
| May, 2024 | $193.05 | $780.00 | $47,990.00 |
| Jun, 2024 | $189.96 | $783.00 | $47,207.00 |
This Lincoln MKZ is expected to lose $16,745 of its resale value during the 60 months of this loan. Check out our Lincoln MKZ Depreciation Calculator for a detailed analysis of the MKZ's past and expected future depreciation. This user-friendly tool allows you to interactively see how well the MKZ has, and will continue to, hold its value, during your specific ownership period. It will even suggest to you the best MKZ model years to buy to get the best value.