Ok, i'm looking to find out how much you guys are paying for your leases, i'm thinkn of gettin a new truck. Anyone who's leasing a 4wd, either supercab or super crew, i'd appriciate knowing how much your lease payment is, what trim level you have, and how loaded your truck is....Thanks guys

 

Don't lease, in my book it's just an extended rental agreement, and you pay more then buying!

 

Yep...except if i want a new truck every two or three years and i don't ever keep a vehicle long enough to get ahead of the depriciation, then leasing is a good way to keep new vehicles in my driveway...

 

$279 a month 4x4 xlt scab loaded 24mnths. leasing is better for me...rather have a small payment all the time with a warranty than a 5 year big payment and no warranty for two years. no tires to buy. just 6 or 8 oil changes and tire rotations...all i'm obligated to do...besides the monthly payment. and if i get a bad one ford gets it back in two years.....

 

You can get ahead of the depreciation by putting down a good down payment along with capitalizing on rebate programs and 0% interest loans($$ and trade)! Leasing a vehicle just takes more money out of your pocket and gives it to the lease agency, and accomodates those who do not have the money to put reasonable down payment on a vehicle but want it. Larger down payment and rebates will put you ahead of the curve even if you trade it in within two years. Especially if you can 0% interest the loan! Leasing is a never ending circle once your in it! Oh yeah keep it under 12K miles a year, and make sure there is no wear and tear that shows during turning it back in ior the cash register will be racking up the $$ owed at the end of the lease!
Who says an owner has to keep it for 5 years. The statement I don't have a warranty for the 2 remaining years makes no sense! As I said you save your $$ and use your trade, rebates & 0% financing, you'll find the payment is not that much larger than a lease! To top it off even better along with the other items you take advantage of the buyer plans Ford offers it's business partners (x plan) makes it even less out of ones pocket!

 

"Who says an owner has to keep it for 5 years. The statement I don't have a warranty for the 2 remaining years makes no sense! As I said you save your $$ and use your trade, "

what doesn't make sense? what wouldn't make sense would be trading a truck in that still has two years worth of payments on it then going possibly into a new one with negative equity. paying more for a new one than it's worth.

Forget it just buy yours...i'll lease mine

 

Negative equity, yeah if you put down a small down payment! But if you read my post there would not be any negative equity, unless of course you can't afford to begin with in the first place then lease!

 

Last vehicle ’99 expy put 10k down paying $600+month for 3 years/0.9%….for 3 years it spent a lot of time in ford’s service bay under warranty. I only had 60k on it when I got rid of it in November. truck was paid off in sept ’03. 2 years I didn’t have a payment was still spending time and money on repairs. Bottom line is that Expy (and I am not bashing Ford I love Fords) was not worth the $ or time I spent with it fixing/replacing parts. I have better things to do than work on my daily driver. Convenience is the main factor in leasing as my lease was pre-paid. So lack of money wasn’t even a factor that you insist is everyone’s reason for leasing.
Another thing is if you are so money saavy why are you talking about trading vehicles in? that’s one of the biggest wastes of money. Might as well take a few thousand dollars onto your vehicle purchase(kinda like found $ for a dealer/in most cases) Selling your vehicle to a private owner will always put more $ in your pocket to use as part or your down payment.

 

People are pretty much polarized when it comes to leasing; everyone loves it or hates it. FOR MYSELF, I've been leasing since 1983, and it works great for me when it comes to getting a NEW vehicle. If I want to own, then I go with used. Either way, someone else takes the depreciation hit. But trying to reason with someone that's dead-set against leasing is a waste of time; they've either been burned by an unscrupulous dealer, or they just refuse to understand its benefits. I've said many times: it's not that leasing is so great, it's that owning a new vehicle on a 60-month or longer note is so bad.

Having said all that, the best deal going on 150 leases right now is the STX model. Highest residual of any 150, and the price is right. No power goodies, but I've learned to live without them in a pickup truck. Whatever you get, let me know beforehand and I'll run numbers for you BEOFRE you buy so you know where you stand.

 

sorry Ryan50hrl,
this became a lease versus buy fight.....do what makes sense for you $/Convenience/etc
just figure out what is worst case/best case
over miles will add up quick. so will mistreating your new baby. And listen to a veteran leaser 1956markii he's right. besides if it's not for you no one says you have to stay with it.

 

It all comes down to personnal preferrence and what you can afford. Some people have terrible credit and can't get the great interest rates. The majority of the time it's their own fault and they just have to deal with it. They become victoms of the car salesman and end up accepting what is offered, because they don't have much choice if they want that new vehicle. Others never have a down payment or finance for lengthy terms (anything over 60 months is too long) and they are upside down the minute they drive off the lot. Then in 2-3 years they go to trade and find they can't get into that vehicle they really love.

If you own a business and can write the vehicle lease off, then it may be an option. However, keeping the vehicle in good shape and below the mileage limit can be a problem. It really sucks when you turn the vehicle in after 2-3 years to find out you owe several thousand $$ in fees due to damage and mileage. I've seen this happen!!

I tend to keep my vehicles for many years, so leasing has never been an option for me. I owned my last truck (88 Ford F-150) for 16 years before I bought my 04 Screw Lariat. I gave the old truck to my son and it still runs great. I definately got my $12, 680 out of that vehicle.

It really feels good not having a car payment. Keep making that payment to a savings account for a couple of years after you have paid off your loan and you will have that healthy down for your next purchase. Discipline is the key!

The big thing is think before you act. Do the research, the internet is a great place to find the best deal. Call your insurance company and get a rate quote before purchasing. Too many get into vehicles only to find they can't afford the insurance. Get preapproved through your local bank or credit union. Don't let the dealer know how much your approved for though, that will just play into their hand. Only let the dealer do a credit check on you if you plan on financing through them, say for "0%" financing.

Good luck which ever way you decide to go!

 

Trade in was only an example to counter your money due at lease inception! Less $$ at trade then pricvate sale. Sorry your case falls short. If you took your monthly payment for the following 2 years just banked it, got the $4K in rebates last year along with the low financing that was offered, and if you qualified for the Xplans, then sold your vehicle outright, think you would be pretty far ahead! I doubt you spent more then $15K in repairs for the remaining 2 years.
Next whose to say under warranty your lease will not be in the shop the same amount of time! So that has no merit!
1956Mark - spoken like a true car salesmen. All financial analyst agree leasing is more money out of ones pocket in the long run, continues to become a pattern hard to get out of and provides nothing but a way to get into a vehicle one cannot afford nor can they purchase at the end of the lease! It just goes round and round, and the salesmen know they will see the customer again at the termination of the lease!
Those who push leases are preditiors on those who can't afford to own the vehicle, and just use it their in their aresenel of weapons to increase the comission/unit sales in their pockets!
There are places for leases, such as a business, but then most of those would probably go over the mileage cap! So if you own a small business buy it and get the good write off that the US Government allows for small businesses on trucks. So now a lease under business does not make much sense!
It's not a polorization thing, its a way in which to spread ones own $$ into something that's not an investment but a commodity and coming out ahead!

Sorry, never been burned but have done the nums and have weighed both sides!

 

I think in general if you intend to keep your vehicle for the "long haul" then you are better off purchasing the vehicle outright. I like to keep my vehicles for 10+ years. I know, a nightmare for your Mark . Of course today's financing rates and manufacture arrangements, whether for purchasing or leasing change daily it seems. Basically you have to do your homework as far as what you ultimately want. It's a free country, do your homework .

Whimsey

 

If you do decide to go the rental truck route (leasing), be sure to purchase gap insurance. If your truck is destroyed or stolen (doesn't matter whether it's your fault or not), you will likely be upside down in the lease and you will owe more on the lease than the value of the vehicle. If that happens, you will owe the difference even though you don't have a vehicle. You also need gap insurance if you buy and have a small down payment.

 

Could ANYONE here, for just a minute, accept the idea that those in the business just might know what they're talking about, and that maybe, just MAYBE , we might have the "inside edge?" Is that even possible? Because if it is, consider this: there are 11 people in our sales department, and TEN of us lease vehicles. We do this because we weighed all the options and decided this is what makes the most sense for US. We all have good to great credit, so that wasn't a factor. Now, if 91% of a group WITHIN AN INDUSTRY are leasing, doesn't that tell you something?

Or, am I just speaking like a "true car salesman" again...........