Any of you guys have some advice on leasing? I plan on getting a lease for a new f150 stx and want to see if anyone has any tips to get the best deal

 

I have no advice and no leasing experience. I just wanted to get on here and warn you that some jackasses here think you should search for a thread akin to your inquiry and add to it, instead of creating your own thread on the subject.

You're welcome

 

I leased my STX, make your best deal, it is not any different than financing or paying cash. It is the bottom line that counts.

UncleG, I hope this is not going to turn into 5 replies about leasing, and 50 that you shouldn't have started a new thread and searched instead.

 

It all depends on your driving needs and annual miles. If your like a lot of people who will always have a car payment, and drive less than 15K miles per year or less I like leasing. Get a lower payment, new vehicle every 2 1/2 - 3 years and always under warranty. My accountant also takes care if the particulars on the lease business deduction part.

 

Fairly simple to get a great deal if you know what your doing. First step go to the Edmunds F150 Lease Forum and request the Residuals and MF for your Zip Code.

https://forums.edmunds.com/discussio...als-and-prices

Next, go the the Ford site and build out a truck as similar as possible to the one you would like to lease. On the final page it will ask for your Zip code, then (Click the Lease Tab), it will give you an estimated lease payment (Ignore That), what your looking for is the Lease incentives from Ford for your Zip code (click the ? symbol next to the lease discount for the breakdown).

Next, search your local Dealer websites for a truck your interested in. You will get the best deal if you can find an in-stock unit. XLT's will lease better than all other models, and often will have equal or lower lease payments than XL's or STX's (but they are very close). Also trucks with the 2.7, x02A Packages & Nav Packages will lease a bit better due to how the rebates for those packages are applied to the Residual of the Truck MSRP. Once you find a truck you want, ask them for the dealer only discount before factory rebates and incentives are applied. Once you have all those numbers, simply go to the Lease Calculator and enter in all the information above. Look out for the dealer padding the MF for extra gravy. What your basicly negotiating is that dealer discount portion since you already know your rebates, incentives and lease rates.

https://leasehackr.com/calculator/


If it helps at all for a general example, here is my lease I negotiated a month ago.

​​​​​​‘18 F150 XLT Crew, 4x4 (Nav, Sync, ecoboost, tow,302A Package)
$51,000 MSRP
$44,500 After Dealer Discounts
-$40,950 After Rebates ($3550)

24/10.5
Res.-66%
MF.- .25% (.00010)

Drive-Offs- $1607 (1st, TTL)
23 Payments-$369.96

36 months would have saved $30, for a payment of $339.89. But I like the fact I can get into a newer truck earlier, so it was worth that extra cost to me. Plus I can maybe get by without buying tires with the 24 months. Also tossed in a oil change.

 

I was working on this just last week. Get a few dealers to compete just like buying. It's amazing how much they can drop a lease payment when they find out they have competition and you know what your talking about. They were coming up with 60% residual in my area and .00015 MF on STX. Really depends on your zip code. Looking at the numbers it looks like XBeatzX got a great deal. I would shoot for that if you can.

 

Also, don't forget about tax. On a lease you pay the tax on a monthly basis. Make sure your comparing apples to apples. I had one dealer very proud of himself for beating another by $10 just to find out he wasn't including the $35 a month tax in the payment he was quoting.

For comparison, Toyota is advertising Tundras for $399 month lease. Go to the dealership and you will quickly find out that is a valid price, but when you add on the outrageous WA sales tax you are paying closer to $440 month.

 

Those STX numbers were pretty much exact to my zone, the STX had a MF of .00015 compared to .00010 on the XLT, and the Residual was between 1-2% higher for the XLT depending on the mileage option. Not a huge difference, but thats why the XLT's generally lease better. They just get more support from Ford. 4x4 also tend to have higher Residuals in most zones, and the Lease price difference between a 2wd and 4wd is very close. I started out looking at a STX, has everything I need, If I was to buy out rite, that would probably be my choice, but the XLT with all the extra packages and a $5000 MSRP difference was only like $14 a month more. Also, as stated in post above, if you can swing it, just pay all TTL up front to keep the math simple (Tax, Title, License). In most states you will only pay the tax on the portion you are leasing. If you live in a state were you pay tax on the entire vehicle cost (TX, few others), then leasing is far less appealing. Total tax here in MN, 7.25% for $51k msrp (Residualised) was around $685. Had I purchased, total sales tax would have been around $3600. Just another reason why Leasing can be so appealing.

 

If it helps I just leased a 2018 and here are the specs of my deal:

24 Month Lease
12k miles per year
$631.80 down
$280.36 monthly

XLT
SuperCrew
2.7L
4x4
5.-1/2' box
302A
Sport Appearance Package
Drop in bedliner
Nav
Sync Connect
XLT power equipment group