mrCanoehead

I am going to make an offer to buy a truck on Tuesday morning. The Canadian invoice pricing breaks down like so:



From that grand total of $52 527, I need to deduct the applicable incentives, of which I am aware of three, appearing in cells A27-A29:

Costco -1 000
Delivery allowance -1 500
Employee event discount -806 (=-0.02 * 44 749)

Are those the true applicable incentives?

Also, would I actually be better off getting a 2017, assuming a similar one could be found? This will be a 3 year lease.

Gibson2015

I don't have an answer for you first question. As for the second question, no one knows what you would be better off with more than you. You should be getting a better deal on a 17, but if you want an 18, get the 18. Random strangers on the internet should not be making major financial decisions for you. Good luck with your offer.

mrCanoehead

Your assumption that this is a major financial decision for me is amusing. The factors I am aware of right now:

1. Does the 2018 have markedly more actual capability? I don't think so, the 2017 will haul/tow roughly the same. The changes seem to be mainly around the body appearance, they are not functional.
2. The 2018 will consume slightly less fuel due to the new 10 speed transmission. That would mean more range, and slightly less time spent in gas stations.
3. The fuel mileage advantage would militate towards there being better resale, which means if I wanted to buy the truck out in 3 years (because the buyback is less than the market value,) I will have an easier time selling it.
4. The marginal discount on the 2017 amounts to about $3000, being the difference in the delivery allowances. I don't think that actually compensates me for the fact that the 2017 is a year old already. In a normal market, absent exports to the USA, the first year deprecation on a truck of this kind is around $6-7000.

F150since1997

On my order of a 2018 XLT Screw 5.5 3.5EB in Alberta my dealer quoted me the employee pricing discount of $6,750.

human917

Currently, in Canada, the only difference in prices between a 2017 and a 2018 F150 is the $3250 delivery credit, meaning that the 2017 should be $3250 cheaper than a 2018.

Buy the 2017 now, or wait a couple months for bigger factory rebates on the 2018.

Price for the 2017 should be MSRP - $4750 delivery credit - $1000 Costco - ~$6000 employee discount, as a minimum. You should also be able to negotiate more off from that price.

zx12-iowa

You asked for advice on what to pay and someone suggested you filter what you hear from strangers on major financial decisions. Your first response was amusement that someone thinks this is a major financial decision for you. Yet here you are asking for people to help you save a few bucks - which is totally fine and people are more than willing to help you here. But if you are as well off as you suggest, then why post asking for help to save a few bucks.


My suggestion is that if you have cash to buy the truck and want the 5.0 - get the 18 with the 10 speed. If you cant pay cash, then maybe a 17 is wiser.

BadBoy4fun_wa

Biggest factor in lease is residual and money factor (interest for lease). Not sure on Ford but Honda makes it very hard to lease prior year because of residual value being so much different.

mrCanoehead

Because I didn't get to be well off, by overpaying for vehicles. I have 50 000 problems, but money is not one of them.

If you read my follow-up post, you can see that the factors I value are around quantifiable and measurable performance criteria, and the time I would have to invest in selling if I chose to buy out the unit at the end of the lease.

Sure, I can pay cash, but I think it is better to pay for these types of assets as I consume them, because I have alternative uses for the capital on hand that are "better." You don't need to agree with my view, and there are plenty of insightful people who think that you should never borrow to buy a heavily depreciating asset.

Also, you can view a lease as a type of put option, in the sense that you are paying a little more for the right, but not the obligation, to return the vehicle and walk away at the end of the three years. I am reading a lot of forum posts about leaks, and I know people with these trucks who have had fairly major repairs including the replacement of the entire rear window due to sliding window failure, and the replacement of 110 Volt outlet and seat heater modules. In other words, I want to evaluate whether I am willing to assume the repair risks, at the end of the lease period.

Hope that helps clarify.

mrCanoehead

Happy long weekend, to all.

95stepside

Lets keep it civil here boys.
Also, OP, some minor changes to your demeanor will help your time one this forum to be much more friendly.