I have a 2017 XLT/302A, 3.5 V6 NA, Super Cab. 19K miles on it. Lease will end in a few months. I pay now $420/month, zero down.
Here are my choices:
1- Buy the car after lease, finance it for $420/month, for 72 months, zero down.
2- Lease a 2019 Crew STX 5.0 V8 for $380, zero down.

 

Go with the 2019.

 

Can you explain why?

 

If you like the truck and the residual price is fair (about what it's presently worth), then buy it and keep it. Financially it's the best move. Leasing or buying a new one just adds to money lost to depreciation.

An interesting story: I heard about a guy who leased a BMW and its residual was way over valued at the end of the lease. He worked a deal with the dealer where he turned it in, the dealer bought it back from BMW at their "auction," and then sold it back to the guy as a CPO, saving him about ten grand.

 

The residual is $27,500 based on 30K miles, but I did only 19K miles, so the value should be much more. I just don't like to sign a long term loan commitment.

 

$420 X 72 months is $30,200. You've already paid about about $15K assuming a 36 month lease. You'd have $45,000 in an 8 year old truck by the time it is paid off.

Give it back to them and just go buy a 2017 or 2018 used for closer to $26,000. You could pay it off in 62 months at the same $440/month with about $1300 interest. You'd have a better truck than you currently own, same year, but with just over $27,000 in it instead of $45,000. If you decide not to keep it the full 62 months sell it at any time and use the equity as a down payment on the next one.

If you'd bought initially instead of leasing you'd have $4K or so equity in it that would reduce the cost of buying the next one even more. You can find new 4X4 XLT Supercrew's selling for around $35K.

https://www.kbb.com/cars-for-sale/ve...ckType=listing

 

Thanks for the input. The reason I am leasing is that I am compensated by my employer.

 

Why would buying his own truck for $27,500 be so much different than buying a different one for $26,000?

 

I'm just dieing to hear the answer to this also. Especially since the truck he linked to had 20000 more miles than the OP's truck.

To the OP. I've leased my last three trucks. The first one I bought out because it only had 16000 miles on it after 36 months. The second one the dealer bought off me, payed off my lease (even though I had 7 months remaining) , cancelled out the 20000 miles I was over on my lease and gave me a great lease rate on a 2019. I'm not sure what I'll do at the end of this lease. There are options out there that most people don't know about. Even the so-called experts.

It all depends on the situation you're in. If you like the truck then keep it. You've only got 19000 on it. It's still new. You'll never find one that you know as well as the one you own.
Also.....the miles do not effect the residual. At least not around here. I don't know if it varies from state to state, but the residual on your lease agreement is what your buyout is regardless of the miles.

My two cents....

 

I totally agree. The dealer I got my XLT from has a 2 month lease payment waiver. The dealer where the STX is, does not....yet. Still negotiating with him. If I cannot find a good deal 2 weeks before my lease ends, I probably keep it and have it financed by my bank. On a side note, the new STX has a mysterious 557 miles on it. Dealer claims it was not a loaner, but the sales manager used it for a week. That should be reflected in the price.