RubyFX4

Just remember most lease ads are set up on msrp, lease payments are totally negotiable. Plus why would you ever lease if you,re going to purchase it in the end.

frdrdr4life

[QUOTE=Mike Up;2615081]Right now I can buy a brand new 2013 FX4 around $35,000. A 2011 is definitely not worth $35,000.[/

They dont cost that much around my neck of the woods

CPT150

never understood the concept of lease if you were to buy to begin with as well like as what RubyFX4 said, but we must be missing something

ntrimm

If you need to lease first, then buy later, just so your payment is "where you want it to be" then you can't afford the truck. I would recommend either financing it for 72-84 months or going down in packages before I would lease

gregsf150stx

Definately NOT a good idea.

Here's why.


Typically you can't negotiate the best price on a vehicle you're leasing.
There's so many factors that go into a lease it blows my mind looking at a contract on a lease. (cap cost, residuals)

ALSO, your vehicle will have an already pre-determined value at the end of the lease as to what you can buy the vehicle for. that value might be MORE OR LESS depending on the market at the time, than the pre-determined value.

so, you could come out to the good, or really get screwed on the end lease value.

I've leased before. Main reason is that I wanted a nicer car, at a cheaper payment than financing(buying) it, and I have no intention of keeping the car after the lease term (3 years).

Of course, you have the option at the end of the lease of having the car re-evaluated for value, and see which way the end value goes.

Bad idea to buy a car at lease end. period. from experience.

straightaxle

You can negotiate the same price with a lease as a buy, but you might not be eligible for some rebates that are finance only. A lease is not any different than a finance purchase, they just use different terms and a slightly different interest calculation. You HAVE to understand how to capitalize on leasing in order to NOT get burned. Biggest thing, is if you aren't sure about anything, and do decide to lease, put down as little as possible, because you won't get it back.

Black 10

Most people bad mouth leases because they don't understand them. I have financed in the past and now lease because it works for me mainly because I simply want a new truck every 3 years and the lease payment on my loaded FX4 is low compared to a finance.

That being said a lease to buy is in my opinion not a good idea. You will be making a payment for 3 years then need to finance anywhere from 27-30K at the end of the lease to buy it. That kind of money over another 5 years is over 500 a month and an 8 year total to pay it off.

straightaxle

Exactly! Although if the rates are low enough on both options the total out of pocket can be pretty close, it's just that nagging paying on something for 8+ years......

frdrdr4life

I was only concidering it cause its a loaded fx4 in the low 400's

02themax

You have a truck that gets you from point A to B, is this a business write off for you? If not save your money and keep driving your current 08.

If you are going to lease put the least amount down as possible. If you place a large lump sum down and get into an accident guess who gets paid out and who gets nothing.