Anyone Lease their 2013 F-150?
#1
Anyone Lease their 2013 F-150?
Thinking of leasing a 2013 Platinum, stickering around 54k (omg). Anyone lease their F-150??? I may consider, looking for some input Thx in advance
#2
Unique & Different
I wonder myself about leasing. I have not done it. But I wonder how it works. I have heard good and bad things about leasing a vehicle. I drive too much so I don't think I could lease cause I heard there are mileage restrictions or something like that.
#3
I have a 2012 FX4 that I leased last year. All I pretty much do anymore is lease but that's because I trade every three years and I don't mind a payment. I also always have very low miles on my trucks. I do 12000 mile a year leases but never hit 12000 in a year. If you don't mind a payment and you don't put a lot of miles on your vehicle and you plan on trading every few years I say go for it.
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ComQuest (08-18-2013)
#4
I just turned in my 2011 red candy Lariat for a sweet 13 FX4. I only lease as I don't drive a ton to and from work. The best part for me is I get a sweet new truck every 30 to 36 months. I figure by the time I take 5 years to pay the thing off...I am going to want a new one...so with leasing I get to have my cake and eat it too!
#6
Meaner than ymeski56
Financially, leasing is about the worst way to "have" a vehicle. You have no equity to show for all of those payments. But if it's not all about the finances and you want to essentially rent your vehicle, go ahead. Someone will have a nice used pickup to buy later.
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Wanted33 (08-18-2013)
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#8
I leased my 2012. I've never had a ford before so wanted to see if I would like it or not. I have always owned Rams. I didn't want to be stuck with something I didn't like. Not sure what I'm going to do when lease is up. Either buy a new F150 or buy a new Ram.
#9
Retired and loving it!
You can tell the dealer how many miles you WANT to put on your truck every year for your lease. More miles per year will decrease the residual value, and thus increase your lease payment, but you could theoretically put as many miles as you need to on your truck every year of a 4 or 5 year lease and still walk away from the vehicle at the end of the lease period owing nothing more.
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ComQuest (08-18-2013)
#10
Senior Member
I just recently leased my 2013 FX4 (MSRP was $52K) and my wife's 2013 Ecoboost Fusion (MSRP was $34K). The way a lease works (or how it was explained to me) is, if you plan on keeping the vehicle, lease or purchase another truck or lease or purchase another "Ford" vehicle from any Ford dealer, you can turn it in without any penalties or fees.
However, if at the end of your lease you turn the vehicle in and say "I'm done, I don't want another Ford vehicle" and walk away, then you'll be subjected to penalties and fees such as over mileage and wear and tear.
So, if you plan on sticking with Ford and YOU KNOW that you won't walk away at the end of your lease, you won't have to worry about going over your mileage and having to pay fees for it. And, you won't have to worry about the wear and tear and having to pay penalties for that either.
On other thing. To save money on your monthly lease payment, you'll want to choose the lowest mileage program (which is 10,500 miles a year) there is knowing that even if you go over that, it won't matter.
You also don't need to purchase the wear and tear package (I don't recall what the actual name of the package is but don't buy it) that the dealer tries to sell you because, again, if you don't plan on walking away when the lease is up, it won't matter what kind of wear and tear there is on it. They will not charge you the fees that's associated with the wear and tear.
I hope this makes sense and that I didn't confuse you. My wife's ecoboost Fusion and my F150 are the first vehicles that I've ever leased. I, like you, was skeptical of a lease but when I was at the dealer I had three different people explain the lease program to me (they told me what I just explained) and that's when I realized, a leasing program is perfect for me. I love Ford vehicles and no matter what Ford does I'll always be a Ford guy. So, that allows my wife and I to get new vehicles every 24 - 36 months and we don't have to worry about how many miles we drive.
However, if at the end of your lease you turn the vehicle in and say "I'm done, I don't want another Ford vehicle" and walk away, then you'll be subjected to penalties and fees such as over mileage and wear and tear.
So, if you plan on sticking with Ford and YOU KNOW that you won't walk away at the end of your lease, you won't have to worry about going over your mileage and having to pay fees for it. And, you won't have to worry about the wear and tear and having to pay penalties for that either.
On other thing. To save money on your monthly lease payment, you'll want to choose the lowest mileage program (which is 10,500 miles a year) there is knowing that even if you go over that, it won't matter.
You also don't need to purchase the wear and tear package (I don't recall what the actual name of the package is but don't buy it) that the dealer tries to sell you because, again, if you don't plan on walking away when the lease is up, it won't matter what kind of wear and tear there is on it. They will not charge you the fees that's associated with the wear and tear.
I hope this makes sense and that I didn't confuse you. My wife's ecoboost Fusion and my F150 are the first vehicles that I've ever leased. I, like you, was skeptical of a lease but when I was at the dealer I had three different people explain the lease program to me (they told me what I just explained) and that's when I realized, a leasing program is perfect for me. I love Ford vehicles and no matter what Ford does I'll always be a Ford guy. So, that allows my wife and I to get new vehicles every 24 - 36 months and we don't have to worry about how many miles we drive.
Last edited by FordRoushFan; 08-18-2013 at 08:39 AM.
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ComQuest (08-20-2013)