TimmyB
Well-Known Member
- First Name
- Timothy
- Joined
- Dec 21, 2020
- Threads
- 12
- Messages
- 291
- Reaction score
- 362
- Location
- Sarasota FL
- Vehicle(s)
- 2021 Ranger Tremor, 2020 Fleetwood Bounder 35P
- Occupation
- Retired
- Thread starter
- #1
I lease almost all of my new vehicles and have done so since the mid-80's. The reasons are many, but they make sense for me in the way I do my vehicles and my budget. The point of this thread is NOT to be "leasing vs buying", it is to give an apples to apples case of what my Tremor actually cost.
First of all, the truck:
Now, the lease details:
The only way to compare how much "savings" one is getting in a lease is to price out the lease at MSRP, see what the payment would be, then see how much money you would have to put down (or, how much of a discount they gave you) in order to reach the actual payment number.
If you were to go to the Build-and-Price and actually spec out this truck, you would see that the current least price (at MSRP, with ZERO down) is $620 per month, plus use-tax. This means, my payment is actually $160 per month less than that, or a total of 36 x $160 = $5760. The reasons for what I feel is an incredible buy are two-fold: first, the A/Z plan really helps a lot; second, and more importantly, sometimes the manufacturers give insane residual percentages. This appears to be the case as the current incentives this month only had a $400 bonus cash, but they bumped the residual up to 65%, meaning I'm only paying for 35% of the truck. (It's actually LESS than that, but I don't want to get bogged down in the fine points of leasing, here.)
So, in the end, I'm going to pay only about $16,560 in the next three years to Ford for them letting me drive their nearly $50,000 vehicle. I'll have to put gas and oil in it (hopefully not in the same place!), and maybe swap out a set of tires. I tie up no money of my own and in three years, I'll give it back to them and probably get a 6G Ranger!
First of all, the truck:
- Tremor Package
- Tow Package
- Spray-in Bedliner
- Bed Extender
- Securicode Panel
- MSRP $47655
Now, the lease details:
- 36 Months
- 36K Miles
- $0 down (first payment and misc fees due at signing)
- A/Z Plan
- $460/month (+7% FL use-tax)
The only way to compare how much "savings" one is getting in a lease is to price out the lease at MSRP, see what the payment would be, then see how much money you would have to put down (or, how much of a discount they gave you) in order to reach the actual payment number.
If you were to go to the Build-and-Price and actually spec out this truck, you would see that the current least price (at MSRP, with ZERO down) is $620 per month, plus use-tax. This means, my payment is actually $160 per month less than that, or a total of 36 x $160 = $5760. The reasons for what I feel is an incredible buy are two-fold: first, the A/Z plan really helps a lot; second, and more importantly, sometimes the manufacturers give insane residual percentages. This appears to be the case as the current incentives this month only had a $400 bonus cash, but they bumped the residual up to 65%, meaning I'm only paying for 35% of the truck. (It's actually LESS than that, but I don't want to get bogged down in the fine points of leasing, here.)
So, in the end, I'm going to pay only about $16,560 in the next three years to Ford for them letting me drive their nearly $50,000 vehicle. I'll have to put gas and oil in it (hopefully not in the same place!), and maybe swap out a set of tires. I tie up no money of my own and in three years, I'll give it back to them and probably get a 6G Ranger!
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