Choose Your Own Adventure Book: Buying a Raptor

[Augie81]

Kind of a side bar question for you guys.

So if I finance out right I am looking at going from 0% that I have now (ugh....) to at best around 7% either through dealership or even a regular institution. Unfortunately it is just the market right now and not anything that can be done with it regardless of my "well qualified buyer" status.

I had never considered it, but mulling it over, is there any reason I should just no go with a 36 month lease (sizable monthly payment reduction) to give the market time to improve. I can then move to a traditional finance loan at any point during that window once rates get better, or even if they remain the same I would still just buy-out end of term.

My down payment would remain the same either path chosen. I drive well below mile restrictions in a lease, and my down payment will eradicate the problem of the depreciation calculation for the price buyout being more than its worth in that time.

I really would not be worried about damage or modification penalties because the intent is to buy it out anyhow.

Not something I would do. I'd put some of that extra money down you were willing to pay for the Raptor compared to what you said you will save on the Chevy to offset the current rates. I'd look at the lender and see if they offer an option to refinance later if you want to go there because yea 7% sucks.

If you lease and want to buy out later you will be financing at used car rates which are usually more. Not to mention you won't really be able to mod your lease to the extreme unless you are 100% sure you are going to buy out later.

Honestly with the current rates I would not even be in the market. It seems you have done a lot of work to make your current Ranger to fit your needs. Do the newer trucks do more than what your heavily moded Ranger does now and you can't live without for a few years? If not I'd wait.

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[OFC Ranger]

Not something I would do. I'd put some of that extra money down you were willing to pay for the Raptor compared to what you said you will save on the Chevy to offset the current rates. I'd look at the lender and see if they offer an option to refinance later if you want to go there because yea 7% sucks.

If you lease and want to buy out later you will be financing at used car rates which are usually more. Not to mention you won't really be able to mod your lease to the extreme unless you are 100% sure you are going to buy out later.

Honestly with the current rates I would not even be in the market. It seems you have done a lot of work to make your current Ranger to fit your needs. Do the newer trucks do more than what your heavily moded Ranger does now and you can't live without for a few years? If not I'd wait.

Capability wise yes it is a huge improvement. Most people don't realize my truck is only RWD.

ZR2 is 4WD, dual lockers, 360 cams, much nicer suspension with DSSV multimatics, much nicer interior QoL features than current ranger (but crappier than the one coming out), etc etc

Its just time for me. I want to start designing stuff that can get some real torture testing done.

With the possible UAW strike incoming and current production problems across all manufacturers (especially $#^%%#% FORD) - this ZR2 is a Carpe Diem type situations with the original buyer backing out.

 

[Augie81]

Capability wise yes it is a huge improvement. Most people don't realize my truck is only RWD.

ZR2 is 4WD, dual lockers, 360 cams, much nicer suspension with DSSV multimatics, much nicer interior QoL features than current ranger (but crappier than the one coming out), etc etc

Its just time for me. I want to start designing stuff that can get some real torture testing done.

With the possible UAW strike incoming and current production problems across all manufacturers (especially $#^%%#% FORD) - this ZR2 is a Carpe Diem type situations with the original buyer backing out.

Fair enough. I guess I didn't see a post where your Ranger didn't meet your needs so you needed something more. Don't get me wrong I'm no Ranger fanboy but I'd avoid a lease or current interest rates at all costs. If you really, really want that truck by the end of August then go for it. But if it is something you can wait for then I'd wait and see how the market goes.

But it's your money. Do what makes you happy.

 

[OFC Ranger]

Looks naked.

This is how she's going to get traded in. ?

 

[Dr. Zaius]

You're leaving the FORD grille installed?

 

[Fordup]

Looks naked.

This is how she's going to get traded in. ?

No going back now, Best of luck with your new truck. Not sure if you have interest in doing youtube but setting up a channel for your new truck and builds could help pay for the mods and attract sponsors. You don't make much off youtube but affiliate links to products can be a nice paycheck. Plus write offs for making videos on your channel. Could probably even find fanboys to buy t shirts and hats. Truck mod channels seem to take off fast. Just a thought as everything you do seems to be high quality and useful to others.

 

[OFC Ranger]

No going back now, Best of luck with your new truck. Not sure if you have interest in doing youtube but setting up a channel for your new truck and builds could help pay for the mods and attract sponsors. You don't make much off youtube but affiliate links to products can be a nice paycheck. Plus write offs for making videos on your channel. Could probably even find fanboys to buy t shirts and hats. Truck mod channels seem to take off fast. Just a thought as everything you do seems to be high quality and useful to others.

Maybe. Not a lot of new ZR2 content out yet besides TFL stuff.

I will say, going with a weldless design makes taking things off an easy one man project. lol

 

[Fordup]

Maybe. Not a lot of new ZR2 content out yet besides TFL stuff.

I will say, going with a weldless design makes taking things off an easy one man project. lol

That's when you want to get in so you show up high in the searches. Wouldn't it be fun to be able to write off a trip to Sema or be the first to try new products if you work on finding sponsorship from the best products. OFC ZR2 R4 Extreme .

 

[ppfd]

Never seen your ranger naked before, looks good.

Your garage floor is wood?

 

[Dr. Zaius]

You're leaving the FORD grille installed?

Your FORD grille looks to fit better than the one I had.

Which one is it?

Or might you be interested in a trade for a pristine XLT grille before you kick it to the curb? ?

 

[OFC Ranger]

Your FORD grille looks to fit better than the one I had.

Which one is it?

Or might you be interested in a trade for a pristine XLT grille before you kick it to the curb? ?

I have 3 grilles.

Factory XLT in all Satin Black (including logo), the Raptor Knock-Off in Satin Black, then the no-name Amazon one with the front DRLs/Turn Signals. I'm keeping the other two as wall décor in my garage.

 

[OFC Ranger]

Never seen your ranger naked before, looks good.

Your garage floor is wood?

Mostly. My garage floor is basically built like a house deck and then 4x6 posts as the driveway. I did dry pour a strip of a concrete down middle so when I am changing oil I am not laying in crusher run.

Keep in mind this is a detached garage, or more accurately a metal 18x30 building with sliding barn doors.

Older pics, but you get the idea;

 

[Joeiconic]

 

[ppfd]

Love to have a building like that.
I often thought of getting a lift if I did ever build

 

[Glocker]

Not gonna lie. I am wishing you'd hold out for a Raptor.

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