Man did I get a shock this week, I have been a Ford guy for years now. This is my 7th F150 on lease and I have never had any issues and have taken a new one every time.

I usually take a 3yr lease and have ALWAYS kept them max 27 months out of the 36 and traded them in for the new model on another 36 month lease. Usually hand the dealer my keys and max $1200 to boot, for paper work etc, Always a Lariat Screw 4x4 fully loaded ( the one I own now is an FX4 first time ), I deal with the owner of the dealership his prices are ALWAYS better than all the comparisons I do and they throw in tons of extra assec, mud flaps, bug guards etc etc. I contact my guy this week as spring will be 2yrs on this lease and wanted to price out an 06 Lariat as I always order what I want so 8-11 week wait and wanted an idea of cost etc.

He phones me back and says I am really going to have to stick this lease out to the end as the truck was only really worth 24.4K Canadian and the buy out right now was about 10K more. So as I see it the truck is always going to be at a loss. Granted the stronger Canadian dollar has reduced the amount of used F series from here going to the US for big bucks but 10K !!

I have never been stuck in a lease until the end, and am not happy about this one. What is going to happen with my next truck ? I guess I am just a little shocked that the price on a new model released by Ford would drop that bad that fast. Going to have to really rethink my next truck purchase.

BM

 

Yeah with all those trucks they sold with the employee pricing it isn't really worth much on trade in.

 

That type of economic turn-about is exactly why I don't lease and never will. If I had to sell my truck today I could do better on the open market than trying to negotiate anything through a dealership. Just my opinion, your results may vary.

 

Two thoughts, lower pricing on new vehicles resulted in lower prices for used vehicles. I have never found anyone who could convince me it's cheaper to lease.

 

Welcome to the fallout of employee pricing..may that rediculous way of selling vehicles NEVER return!

Bill

 

Well, for me, this is not an issue. I intend to drive this thing until the wheels fall off. If it is a long-term investment, then there is nothing to complain about. But, if you lease or trade in every other year, then hold on to your a$$ when it comes to trade in time.

 

I traded in my 04 FX4 Scab (owned) with 40 000 km in Nov. for the truck in my sig (lease).

They gave me 27000 $

 

Hey guys thanks for the replies, I lease because I use the truck for work and by the time the end of the lease comes I know I do not want the truck and will give it back. If it was for pleasure use I would buy instead on own, but for work leasing just makes more sense.

I know the family plan pricing hurt things a bit just the extent of it really shocked me.

BM

 

in·vest·ment ( P ) Pronunciation Key (n-vstmnt)
n.
Property or another possession acquired for future financial return or benefit.

I always wonder when somebody refers to a vehicle as an investment. It's a purchase not an investment. You can't possibly hope to make money on a vehicle.

 

I got stuck in a prior leased vehicle. Stinks to have that feeling that you're trapped. From other posts, it seems most who bought in the last year (myself included) got about $9-11 grand below sticker. If you didn't get about 30% off sticker, you're in a hole till it's almost paid for.

 

With small exceptions... You can not make money on buying a new car/truck. You also can seldom make money on buying and restoring a 'rare' car.
You can make money buying lightly damaged, or non-running cars and trucks, fixing them cheap and selling them. Lots of people make a good living doing that.

But anyone that expects to break even, much less get a return, on a new car/truck is out of their minds. It's just a matter of how much you lose. And if you pay anywhere near sticker, or if you buy a truck just before gas prices go up, you are doubly hosed.

 

I agree I plan on keeping mine until I cant.

 

BigMoss,
Where are you located?

 

Ford can afford to take a hit, consumer can not. Dealers up sell thier product, down grade it when you trade in, trade up, or trade down.
Employee pricing, Chrysler offering the chance to win one million $ (Canada promotion ) GM's ring in and win are all scams.
Auto makers are not giving you the break, they never have and never will.
Lower the MSRP in relation to the cost's of this bogus advertising across the board and consumers will return, My 04 F-150 35,000 truck is worth 20,000 on a good day, I org, leased it, than bought out the lease and purchased the truck...I never got employee pricing, never got a Dell coumputer ( summer promo with Ford in Canada) never got 0% Finenacing, and never will buy a ford product unless I can pay cash up front.

 

Out in Kanata, You ?

BM