OhioRiderAaron

First post here! But I wanted to throw out my figures from this past week (however we didn't finish the deal).

Liberty Ford (Surrounding Cleveland, OH area)

2015 Ford F-150 XLT Crew Cab 4x4
3.5L EcoBoost
Black/Gray Cloth
302A
Tow Pack
Trailer Brake Integ.
3.31 EL Axle
Navigation
20" PVD Wheels
Cloth Console

"MSRP" w/dest. : $51160
XLT Discount: $2000
Total MSRP $49160

Lease Details (2nd attempt):

Sale Price: $45240
Trade: $16000 (lower end IMO 2008 F150 Limited 76k mileage)
Payoff: $12350
Down payment: $600
MF: 3.5% or 0.0014
RV: 63%
Term: 36 month/12k
Monthly: $428

Lease Details (3rd and final attempt):

Sale Price: $???
Trade: $???
Same term/RV/MF
Down payment: $0 (other than trade in)
Monthly: $390-399

This is what I was able to negotiate for my father (not familiar with the leasing lingo). The dealer started out reasonable, but started to drag out the deal with the typical salesman tactics and both sides were getting tired of it. Unfortunately, we ended up walking away for the deal and I left with a sour feeling due to the actions of the salesman towards the end. I asked no less than 6 times to see a 2014 FX4 and the salesman still never showed us one. Also, they never clearly gave us the figures for sale price and trade value. I was also disappointed that I couldn't visit the Fairway Ford dealer nearby to see what they would have offered.

Not being a Ford guru myself (but an automotive design engineer), overall I liked the 2015 model a lot. I think they've done a good job of improving the vehicle compared to the previous generations. However, when did prices for trucks start hitting the $50-65k range?!! Material prices must be high. Also, Ford is killing people with these money factors of (0.0014 or 3.5%). If/when they lower these rates people should be able to get a pretty fair deal!


Any thoughts would be appreciated! Thanks,

Aaron

Euromade

I was very close to leasing a 2015 F150 but then ended up with a 2015 GMC Sierra, after comparing the lease numbers.
My requirements were 4x4 CrewCab, $0 down, 15,000 miles per year, 3 years.
A 2014 F150 XLT was at $540
2015 F150 XLT was at $640
2014 Dodge EcoDiesel $750!


The GMC SLT (which is something like the Lariat) ended up at $499.


I'm not sure why Ford financing is that much of, but I wound up with at least one trim level higher from the XLT (Bose, leather, Heated seats/steering wheel, 6.5' Crew Cab) compared to the Ford and it was quite a bit less. Pretty much my truck lease payment + gas is what the Ford lease payment alone would have been.


I was really looking forward to get into a 2.7 EcoBoost F150 but at this time the financing part has killed the deal.
On the positive note, I got an insurance quote on a 2015 (Aluminum) F-150 XLT and it was not any higher than the GMC.

OhioRiderAaron

Does anyone have the money factor rate for March?! Cars.com is showing 0.25% which seems very low considering it was just 3.5% equivalent in Feb.

Anyone have the latest information?

Stingray23

Its the same as its been for the last few months. 3.5%

GOBLUEJD

Correct. Also found out that ford changes their rates quarterly.

OhioRiderAaron

Thank guys!

f1505.0

A question for the Leasing Gurus.
Is the residual value calculated on a % of the base vehicle or does is take into account the addiitonal options?
I question this as the Truck I have been looking at has a MSRP of $49,299 which includes $7,350 in options but the residual is only $27,500 on a 24 month lease and $23,969 after 36 months.

Percentage wise this appears low as I have seen 63% residuals mentioned in this thread.

I am in Canada if it makes a difference.

JOSHUAH121

Your residual is based on the hugest msrp including the pep package discounts

tsdahc

Worked out a lease yesterday on a dealer truck still at the plant here is what we came up with.

Model- Lariat Sport Fx4, 501a, 2.7l with Moon roof and Nav and a few other small goodies
MSRP- $53K and change ( I cant remember what it was with the bundle discount removed)
Selling price-$43K (Employee plus rebates)
Residual%-64%
Money Factor/APR-3.5%
Months-36
Miles-10.5K
Down Payment-0
Monthly Payment-$587

This was with nothing due at signing, rolling 2K negative equity from my trade (stupid worthless focus) and I live in a county in VA that has personal property tax, which is rolled in there as well (personal property on this truck is around $2100 the first year, depreciates after that but its a real kick in the BA__S) and in VA we get charged sales tax on the selling price, not what the lease amount is, another swift kick.

Think Im going to special order though since this is the only 2.7L Sport FX4 within hours of me and it just went into production this week so the wait wouldn't be much longer.

To buy it with $0 down was $657 a month, but then I have to tack on almost $200 a month in personal property for the first year, second year would be around $150 a month and third year about $125 a month extra.

f1505.0

Thanks, that's what I figured. But why the huge discrepancy from what I have seen posted here 64% etc. and the 50% I have seen? Could it be due to location?