Ridiculous Pricing

[Ranger54]

Not to hijack this thread...what suspension and tire setup you running? Like the look.

2.5” RC leveling kit, 285/70R17 BFG KO2’s, 1.5” Factionfab wheel spacers.

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[Joyride]

2.5” RC leveling kit, 285/70R17 BFG KO2’s, 1.5” Factionfab wheel spacers.

Thanks! Looks great.

 

[fordpartsguy14]

You did choose the top trim and a Tremor. What trim was your 2018?

I understand that, not solely complaining about the price of the Ranger, that's my choice. My 18 F150 is an XLT Sport with the FX4 package. Not sure why this matters though, the Ranger is 10k Less sticker for sticker, but it's gonna cost me more a month to lease. Just a terrible time to be out of a lease and having to buy another vehicle. Shortages everywhere

 

[VegasP11]

Maybe they are building all new Rangers out of wood causing the price to quadruple?

 

[fordpartsguy14]

you can always back out. at this point they only have your deposit right?

I work at the dealership, so I didn't put a deposit down.

 

[Danager]

A lease is speculative. The residual is lower than the F150. That is obvious by the sales volumes when comparing the the F-series to the Ranger.

You could always buy it, keep it for the same term as the lease (24/36/48 months) and sell it. See if you come out ahead or behind.

I am guessing that when financing 100% over 7 years, the break-over point is closer to 5 years.

I just compared the two trucks. Considered leasing for an afternoon. I found out my insurance is cheaper on the Ranger. Also liked the smaller vehicle. Ordered a Lariat Tremor.

 

[SilverSlugger]

Same here. I paid 32K for my 2020 Lariat (sticker was 39K) on X-Plan and the dealer I bought it from sent me one of those buy back offer letters offering 42K for it. Can't say I am not tempted to take them up on it.

Yep, I'm tempted, the problem is the entire market is up so unless we have a car to use until the dust settles then it doesn't make too much sense... At least for me.

 

[LoneRNGR]

, I am going to be facing a New Ranger that sticker for sticker is $10,000 less than my 2018 F150 was and I am going to be paying more a month for this lease. WTF ?

Why don’t you check the trade-in value of your F-150? See what Carvana will buy it from you for…. Maybe at the end of the lease you can buy the truck. Then keep it or trade/sell it.

 

[WhyNot21]

What's your buyout price? I'll bet you can make a ton by selling it to Carvana and pocketing the difference. That should make up for any increased payment on the Ranger.

 

[Porpoise Hork]

Yep, I'm tempted, the problem is the entire market is up so unless we have a car to use until the dust settles then it doesn't make too much sense... At least for me.

That'd be the same for me. Could sell the truck back turn a tidy profit in the process and buy a junker to get me by till prices come back down. Knowing my luck my wife would discover a use for that money before they did, or the prices wouldn't come down...

 

[Langwilliams]

The F 150 is probably a better deal to lease over the ranger since the residual value is a known quantity an probably a higher percentage. Generally the higher priced vehicle makes a better lease since they are worth more at the end. Look at a fiesta vs a focus vs a fusion....the price doesn't change much on an equal lease but the cars are thousands more.

 

[Trigganometry]

Ok see what the buyout is on F150 and see what Carvana will give you for it. Might make out nicely there. Then buy the Ranger with profit and or down payment. Take out a long term loan. Drive it as long as you want and sell or trade it. You’re putting money in your pocket all while inflation goes ballistic. Long run you win

 

[Robisten8]

I'm surprised you're unaware of how leases work being in the industry and having 3 prior leases. A Ford Ranger's residual value isn't as high as a full size truck, especially an F150. That's why you're paying more for a Ranger for a 3 year lease. Small (midsize) truck's depreciate at a faster rate, especially in the first couple years while F150's maintain their value better than most autos across the board and don't depreciate as quickly in the first couple years.

 

[Joyride]

I understand that, not solely complaining about the price of the Ranger, that's my choice. My 18 F150 is an XLT Sport with the FX4 package. Not sure why this matters though, the Ranger is 10k Less sticker for sticker, but it's gonna cost me more a month to lease. Just a terrible time to be out of a lease and having to buy another vehicle. Shortages everywhere

Understand, and agree, it's definitely tough right now. Can you move out of a lease? I've heard Ford leases are pretty stringent.

 

[jmurph]

i just traded in my 2018 f150 lariat lease for more than my buyout and I was over miles so that basically gave me positive equity as a down payment for my ranger. Carmax is giving big $$$ for used trucks so just get their quote and bring it to a ford dealer see if they match like they did to me.

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