Mark F150

My Lariat 4x4 with 502A, 3.5 Ecoboost, Max Tow, Tow mirror , sprayed in bed liner and extended range tank is on order and dealer says it should arrive around June 16. I am crunching numbers to see whether to lease or buy.

I am getting the truck at invoice, around $49,850, minus any incentives. A three year lease with 15,000 miles and $3,000 down will run about $569 a month with a residual value of 61% or $34,068. Total 3 year cost of truck will be $23,484 or $7,828 per year.

Trying to decide which way to go. I know I don't want keep the truck more than 4 years. My 2011 Lariat 4x4 Lariat with 60,000 miles cost me around $43,000 and they are offering about $25,000 in trade. That means it cost me about $18,000 for 3 1/2 years of use. But it might be nice after 3 years to hand over the keys and say give me that pretty red one over there.

Looking for opinions on the lease deal and whether you bought or leased and your reasons.

Thanks, Mark

Cdestuck

If you want a constant veh payment for the rest of your life, lease it. For me, I choose not to rent a vehicle but save my money, pay cash and 0 interest on my vehs. I guess in some businesses it's a financial plus to lease but never forme.

2015F150Platinum4x4

A lease basically just gives you a guaranteed value at the end. Think of it this way, if it wasn't advantageous for Ford, they wouldn't offer leases (so it might not be the best deal, easier yes, best deal no). So if you want the easy guaranteed value at the end, a lease is the way to go. If you want to roll the dice and see what the value of your truck is at the end of 3 years, buy it or finance it.

If you lease it, do not put money down! Google why that's not a good idea.

Now if a business is buying, there are tax advantages to leases, but that's a whole different topic.

Floatman

I also wondered what the best way to go was for me.
I owned my 2012 Lariat SCAB.
The financials for us in Canada are far worse than they are for you in the US!
My numbers were $28000 trade in, against a MSRP of $54,779, and Xplan price of 43,472. By the time I paid the cost of the lease/month, the $28000 would have been gone!
I opted to buy. I like the idea of the equity I will have left after paying this one off.
Perpetual payments were the turning point for me.

meriutta

Ever since I started getting trucks I've leased 4 and purchased 2 and am about to turn in my 2013 FX4 lease and lease 2015 king ranch. Never had a problem with leasing because I don't put on a lot of miles and take good care of my vehicles. I like having something new every 3 years and like the lower payments versus purchasing. After 3 years you always have the option to buy it, but I never have. By then I'm ready to move on to something newer. I like having a newer vehicle and don't mind paying for it if I can afford it. I also own a business so there are the tax advantages that come with that.

And as was stated before don't put money down on a lease. If the vehicle is stolen or totaled you won't get that money back. Contrary to lease ads that say x amount due at signing you do not need to put money down on a lease.

R573

I just purchased a house a year ago so that is the reason Im leasing to keep my payments low for three years and then Ill see were I'm at in three years.

Tbrown87

For me, I like the idea of owning it in the end with it being worth something.
I read online somewhere that in the long run, It does in fact cost less to finance the vehicle for 5yrs, and own it for 5. vs just perpetually leasing for the 10 yrs.
For certain even less if you just bought the vehicle cash.

The amount was a significant amount from what they had as examples.
Ill see if I can find it.

Stinger

Per KBB, my 2012 FX4 is still worth $37,500 for TRADE IN VALUE! Hell, I only paid $38,400 for it, so I'd say leasing is a total rip off! $1000 for 3 years of ownership is a hell of a deal. Can't imagine how much 3 years of leasing would have run me. $12000-$15000 I bet.

DetroitPE

I would love to see that...a new one on a-plan is about the same price.

John316

Don't lease!! Throwing your money away!! You lose money when you drive off the lot, and you lose money paying into it every month, You're still paying for a car that's not worth the payments you're putting in to, and at the end you have to give it back. You will have wear and tear, extra mileage, and they WILL charge you extra for that. Try to get out of a lease early, you'll have to pay the balance. Leasing is the STUPIDEST way to own a car. The dealer makes it seem that you are getting a good deal, but they are really ripping you off. Save your money, buy a lesser year model with cash, save your money every month to pay cash and trade in for the car you want. Don't get suckered in!!! Believe me I know!!