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  #1  
Old 01-17-2014, 06:32 PM
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Need help leasing!

So I've had a horrible string of luck. 6 months ago a senior citizen totaled my then 8 month old 2012 civic (commuter car). Last week a semi totaled my beloved 2004 Ford Expedition. I just found out it was totaled today. It protected me, but man there's alot of memories there (got it in 2007 with only 30k on the clock, it was only 100 miles shy of 140k the day it got hit ).

Anyways, without the sob story, I really want to stay in the Ford family, but I'm looking at leasing right now because I don't think I'm keeping a truck long term (just doesn't work for the city I plan to move to in another 2-3 years). I am working with a dealer here and he's trying to sell me on the leftover 2013's, but the prices seem atrocious for what you get!. An STX supercab with the 201A package and the 5.0 for 440$/m 0 down. That's basically the sticker price of 36500 with -3000 in incentives (33500). 440/m for this little bit of truck seems preposterous. I feel like I should be able to expect more off of these trucks being that they are 2013's. Or do they just have horrible residuals?

Competition wise I can get a 2014 Ram 1500 Big Horn with the hemi, parksense systems, backup camera, remote start, heated seats, 8.4" touch screen system, 7" screen in the dash for 400-420/m. Now this dealer that I have no choice but to work with is horrible, but I'm really hoping the forum can just tell me the dealer is trying to screw me over.

And it's not the money, I have no problem paying those prices, but there's a big difference in the comforts I get between those two . I don't mind paying a little more for ford as I love ford, but I'm not going to ride in the most spartan of vehicles when I can get alot more for the money!
 
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Old 01-17-2014, 07:22 PM
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Go to the Ford dealer and explain the competition's deal. Ask/tell him what you want to pay and that you'll sign immediately if the price is right. Put the offer on the table, and walk to another dealer if he does not respond.......
 
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Old 01-17-2014, 07:37 PM
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Originally Posted by Buck 1
Go to the Ford dealer and explain the competition's deal. Ask/tell him what you want to pay and that you'll sign immediately if the price is right. Put the offer on the table, and walk to another dealer if he does not respond.......
That's the plan currently. I know what I expect to get, it will just depend on if reality and wants align. . Otherwise I'll just get the Fiesta and wait it out until the 2015 redesign is out and tested for a few years .

I've been reading that at this point it shouldn't be far fetched to get 9-11k off of a 2013's MSRP depending on the model. Is anyone else agreeing with this?
 
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Old 01-17-2014, 07:38 PM
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That is a tuffy, I can't say I've even seen commercials that plug truck leasing, that's usually for passenger cars. A lease can get you a better payment usually, and like you mentioned, your not going to keep it for years. But with a lease there are down's too. The condition that the vehicle needs to be in ( I mean CLEAN, inside and out), and there are penalties for going over on you miles. On a three year lease, you may be allowed up to 10K a year. Going over that can cost an average of .25 cents for every mile that you are over. But still a $440 payment on a new truck with $0 down isn't bad. Truck prices are high, but they have come a long way.

Unk Bob
 
  #5  
Old 01-17-2014, 08:02 PM
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Originally Posted by ubereal2
That is a tuffy, I can't say I've even seen commercials that plug truck leasing, that's usually for passenger cars. A lease can get you a better payment usually, and like you mentioned, your not going to keep it for years. But with a lease there are down's too. The condition that the vehicle needs to be in ( I mean CLEAN, inside and out), and there are penalties for going over on you miles. On a three year lease, you may be allowed up to 10K a year. Going over that can cost an average of .25 cents for every mile that you are over. But still a $440 payment on a new truck with $0 down isn't bad. Truck prices are high, but they have come a long way.

Unk Bob
The lease I was quoted for 12k which works for me. Ford charges .15-.20 per mile on a lease (so the upgrade for 15k is about 3k*.15 extra added to the lease). The overage is only .05 more. So my dealer buddy (at the dodge place, sorry everyone ) told me that really it's best to slightly underestimate your miles. It's better to pay more at the end (as long as you know you'll have a few hundred $$$ to throw at the overage, if you go over) than it is to "buy" alot of miles you won't use, and not get that money back. My average year is about 11k (closer to 10k), so like I have for my other leases I'll run the line at 12k. My civic was a lease, and my gf's dodge dart is a lease. I haven't had any issues with leasing as I keep my cars spotless. Any damage goes immediately to the bodyshop (always kept the expedition that way). I don't like a dirty grubby vehicle. This truck is for towing. It will be sprayed with bedliner, and will be used to move stuff but not hardcore. Also, ford and ram both told me that leases for trucks are leases for hard working vehicles. They expect the bed to be scratched (not rusted) and any dents that can be covered with a credit card are ok. It's in writing. I'm not sure if Ford does, but RAM waves the first 2k of damage on a leased Ram 1500. I will ask Ford when I get the chance. I hope to start shopping some Fords tomorrow.
 
  #6  
Old 01-18-2014, 06:04 AM
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Question

When you lease, you have thee right negotiate everything as if you were buying outright. Demand the rebates and incentives, negotiate a reasonable amount of miles, service agreements, etc and see what happens. Otherwise, walk and do business elsewhere.
 
  #7  
Old 01-18-2014, 09:24 AM
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my 13 stx supercab 5.0 was roughly 11k off msrp
 
  #8  
Old 01-19-2014, 01:46 PM
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I haven't seen any $11K off yet but have seen several $9K off on 2013's. I looked at several STX's last week that were around that $36K MSRP and they immediately marked them down to $29K-$30K.

Don't get caught up in the monthly payments, if you shop monthly payments you can get screwed in a hurry. FWIW you can get 2011-2012 low mile used trucks for mid $20K's and they shouldn't depreciate much past the high teens in a few years unless you abuse the crap out of them and put 100K miles on them.

As it stands I have a hard time paying $3K-$4K less for a few year old use truck over new.

If this will work here are several I looked at with the $9K-$10K off without any haggling:

2013 F-150 30001-35000 | New Vehicles Brighton Ford-Denver, CO Ford Brighton, CO Longmont, CO

Scroll down to the 2 black ones, those are the two I was looking at, EB XLT 4wd ext cabs MSRP around $41K list right now at about $31K.
 
  #9  
Old 01-19-2014, 03:18 PM
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Kind of in the same boat - never leased before but may do so this time around. Subscribing to see how this all works out. Good luck!
 
  #10  
Old 01-19-2014, 05:13 PM
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don't buy used truck for mid 20's.. mine was 26,500 BEFORE trade in.. I also beat them up to give me more for trade in than I think I could have gotten trying to sell myself... we all want new trucks, go give in to dealers BS, walk away, be patient if you have to
 
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