i was curious if anyone has leased a new f150 supercrew with the 5.4 if so what kinda lease payments am i looking at.

 

At www.forddirect.com, you can build your own Ford and then calculate lease or finance payments.

Or, you can click here, and use a Payment Estimator from Ford Credit.

For the record, my 2004 STX is leased, and its $330/month with 0 down. 3 years/12,000 miles...

Hope this helps!

 

I am doing the 39 Month Lease - 0 Down and 490.00 a Month 15,000 miles a year. I turned my last lease in at the 2 year point so I got ding'd a little but still ALL worth the 490.00!

 

thanks for the info

 

I'm just curious......

Why lease?

Especially now with ultra low interest rates and non-advantageous residuals. In some cases you can get FREE financing.

ANY cash flow analysis you can come up with will show that leasing is a losing proposition.

Dealers/bankers don't call it "fleecing" for nothing.

Problem with a lease is, there are, generally, at least , FIVE variables to get to a payment: MSRP, Selling Price, Residual, Money factor, Term.

Be VERY careful.... the one they get you with most is the money factor, the interest rate they charge you for NOT paying the lease in its entirety immediately.

Wanna have some fun? Ask the dealer who just calculated your lease payment what money factor they used to get there.

I baked a scenario one time, and calculated the range of payments based on a 3% spread of the money factor. It was +/- $100 per month. The money factor is always based on 24 months, regardless of the length of the lease, and is STRAIGHT cash in the dealers/financial institution's pockets.

I'm not knocking anyone....just don't think leasing is a good choice, given the reality of the car sales industry at the moment.

 

Why Lease,
Ask anybody with a two year old truck that wants to trade it for a new F150. If they didn't put any money down, the truck probably isn't worth what they owe on it. If you had a two year lease you just walk right into that new truck with no headaches. If you plan on keeping the truck for a full five years or more then buying makes sense, especially with the low financing. When I say the dealer won't give you what you owe I figuring buying the new truck at invoice and getting the actual cash value for the trade. I've owned and leased in the past and also purchased a few vehicles at the end of the lease, so there are a lot of variables to look at. I purchased my 93 F150 4x4 at the end of a two year lease for $10,800 in 1995 and traded it for a 99 chevy and they gave me $11,000 for it four years later. It only had 30,000 miles on it which is another consideration when leasing. I'm still haven't decided what to do with the truck I have on order because I live in NY and they don't have leases here anymore. The new thing is Fords Red Carpet Option but its more like buying with a balloon payment at the end of three years, so I have to look into it a little more.

 

I agree with OTHG_MIKE There are advantages leasing. I also agree with Kraut that you need to be very careful of all the variables involved if you decide to lease. I've been buying a new vehicle every other year for the past 20 years and I realized a few years ago that for someone like me Leasing can work. You can multiply the lease payment X the months and figure out your cost of ownership. Sometimes the cost to lease is less than the depreciation over the same period of time. It always cost money to drive a nice new rig. So just do the math and figure out the lowest cost for your situation. Leasing is not good for those who plan to keep the vehicle for a long time (more than 4 years) and it won't work if you drive excessive miles (more that 18000 a year). With no money down, the cost to lease payment on a 24 month lease will be about the same as a 1.9% conventional loan for 60 months. With the conv. loan you'll be upsidedown for at least the first 3 years. One thing to remember is that you still need to negotiate the best deal on the vehicle even if you lease.

 

All true...... BUT,

with leasing, the money out the door for lease payments is GONE. At the end if a lease, you give the car back, and you have NOTHING.

Cost of ownership is a consideration, but don't forget to factor in the LOST opportunity cost of the lease payment. The OUT OF POCKET cost may be lower at the time in question, but TRUE cost of ownership is WAY upside down over buying. You're not paying to OWN, you're paying to use.

Being upside down on a loan is an issue. But you're not upside down forever. usually, after 2 years + some change you're ok....assuming you didn't decide to finance for 72 months. I think the rule of thumb is to not finance for more than 36 or 48 months. If you can't manage that payment (36/48), you should be looking at a different price class of vehicle. THIS IS STRICTLY FINANCIALLY SPEAKING.

But everyone knows (especially dealers/finance companies) that human nature just doesn't work that way, and their "banking" on it (pardon the pun). Often times it is emotion and ego, rather than good sense that guides decision making when it comes to cars.

For savy buyers, who carefully contemplate their situation, leasing can be a viable solution.

I have seen so many people lease for five years (insane). After the third year, the vehicle is out of warranty. Then, a significant repair is needed. You have three choices:

1. Pay to repair a vehicle you don't own.

2. take it in the posterior sphincter when you return it.

3. Buy out the vehicle at the end of the lease. Many folks just finance the buyout at the ned of the lease. THEN, in reality, you're financing the car for 3 years (lease time, whatever it was) + the term of the loan at the end. ... INSANE. In such cases, you're financing the initial cost of the vehicle 2x .

Wonder why NY doesn't have leases anymore? I didn't know that.

 

This is my second Ford I have leased. The reason I leased is I knew in 2 years the 04 would be out and the lease rate was really low - equivalant to 1.9% I believe. The MSRP on my 02 was $35,300, my payment is $440 a month for 24 months, and my buyout is $18,300. The only thing out of my pocket was the first month's payment.

This has worked out well for me, as I have decided to not get an 04 and buy mine out for $18,300. I have been extremely happy with this truck and only have 16k miles on it. As someone else stated, I basically financed this truck with Ford for 24 months at 1.9% with a balloon payment at the end. Since I have the cash to buy it out, it makes more sense to me to buy my 02 with 16k miles for $18k than spend $35k on a new one and have payments.

But, leasing can be tricky so listen to the advice you have been given. Know all the numbers, and use www.leaseguide.com to validate them.

Good luck.

 

Kraut - All good points. But don't forget that you do have the option to buy the vehicle at the end of the lease for the predetermined "residual value". At that point you can look at the market and see if the vehicle is worth buying (meaning it's worth more than the residual and you want to keep it). Another little known fact to consider. Most of the big companies like GMAC, Ford Motor Credit and Chrysler Financial will offer a reduction in the residual to the lessee if they will buy the car. I've see General Motors reduce the residual by 40% (my sis-in-law bought her leased Suburban that way) They don't want to take them back and go through the whole auction process, they'd much rather cut their losses and sell you the vehicle at a discount. But this is something you have to know about and ask for. Many dealers will help you with this and sell you another 36 months of warranty so you can keep your rig 3 more years with warr. if you really want to.

If you compare apples to apples, in other words buying the same vehicle with no money down not many folks can afford to go 36 or 48 months conventional financing even at 0%, the payments are just too high because of the cost of new vehicles these days. The payment for a 36 month no-money-down finance deal would be close to double that of a 36 month lease payment and at the end of 36 months with the lease you could easily get out if you wanted to. (warranty and new car smell are gone).

It still goes back to what you said at the beginning. You have to be very careful when leasing. Not knowing what you're doing can really cost you. There are better laws now that help protect the buyer, but a fast talking F&I man can still sign you up for a bad deal.

 

Ford stopped doing leases in New York because of an old liability law that that makes the vehicle title holder liable for damages. So if there is an accident and lawsuit and the driver didn't have enough insurance Ford was next in line because they actually own a vehicle that is leased, and you are only renting it. New York would not change the law so Ford stopped leasing and now does the Red Carpet Option which looks like a lease but you have to pay all the sales tax up front and the vehicle is titled in your name and Ford is no longer the owner. At the end of the term you can turn it in, buy it at a preset price or trade it in if its worth more than the buy out, which you couldn't do with a lease.

 

OTHG_MIKE - What you're talking about is IMOH the best of both worlds. I bought my 98 Ram on that plan. Chrysler called it "Gold Key Purchase" And you're right, it works very much like a lease in that you can 'get out" at predetermined time and and know what the value will be. To me, knowing for sure what it will be worth down the road is the biggest deal of all. If you want to always drive something fairly new and in warranty, the lease and ballon plan will make sure that you never get upside down.