07 supercrew laiot 4x4 sticker 40,000 can lease for 24 months at 12,000 miles per year for 504.00 a month and 1475,sign fee,this includes the excess wear potection and 1 month payment.what are your thoughts...thanks yes i m looking to come back to ford....

 

I got 06 fx4 stickered for 41k 3 year lease, 16.5k miles year with 500 down @ 550ish/month...
Seems a bit high

 

Seems high to me. I leased my 2006 XLT fully loaded with a 36k sticker price for $225 a month with $3500 down, 24 months, 12k a year. That would be about $370 a month if I had $0 down. Im not sure what the excess wear protection will do to the payment. Trust me when I tell you that they have wiggle room on the lease of these trucks. Every dealer I went to told me about $450 a month with $1500 down. Then I sat down with cash in my hand and they came down really fast to $310 a month with $1500 down.

 

To put it into perspective a guy on here just bought an 07' loaded KR 4X4 for 31k with x-plan. At 6 years, and 5% rate, $507 per month with $1500 down. And thats buying it.

 

That acutally is a good lease price. If you gonna get a new one in 2 years lease it. Then you save all the down payment you would need to get the same note. If you love it you can still buy it in 2 years.

 

Yea but with a lease you can't do anything to the vehicle

 

My 05 FX4's payment is less than 504 a month...and I'm buying it. If I were you....I'd have to pass.

If I was paying 500 a month for something, I'd want to be able to do whatever I wanted to with it, including driving more than 12,000 miles a year. Think about it this way. Your going to pay them $12096 just to drive it around for two years then have to turn it back in.

 

THis depends on his situations guys. I leased because it was by far the smartests thing I could do, and I have done a few mods to my truck that are easy to take off and recoupe 60% of my money back without a problem. He just needs to bargain a little more and a lease may be worth it to him. Do you keep a truck/car very long? I dont and thats why I leased. And it looks like Ford has convinced you to try them out again, right? So I don't blame him for wanting to lease one to find out if he hates the truck, or its a piece of junk. And during the whole time of the lease he is covered by warranty. And yes you can mod a vehicle that is leased, just dont go overboard. If you want to do a huge lift kit and some 37's, custome paint.... then no definately don't lease. But if you dont plan on keeping your truck for more than 2 years anyways, save yourself some time and money and just lease, but just find a better deal. If you are buying and know you wont keep it more than 2 years, can you sell that truck for more than $24k in two years? Because thats what you would owe on it in two years, and how many trucks do you see for sale that people are unside down in? Its because these trucks have horrible depreciation, but that is to be expected and it will not change, and if it does it will only get worse. I could go on and on but you get the point.

 

thanks for all the advice...

 

I recently leased a 2007 Lincoln Mark LT stickered at $49,225 for $585.00 per month on a 24 month 24k mile lease, nothing down other than first payment and no security deposit. This payment included the silly 9 percent monthly lease tax required by the state of PA. FYI, unless you absolutely do not like the Mark LT, a loaded Mark LT will usually lease better than a similiarly equipped F150.

I originally had planned on purchasing an 07 F150 but with the redesign coming in model year 2009, due out in late 2008, I know that I will in all likelyhood want the new model year (unless it looks fugly) and did not want to owe more on a 2007 F150 than what I could get out of it. So in my opinion the smartest option right now is to lease a new truck ... if you plan on getting the 2009 model year when it comes out.

I think that I read somewhere in a financial magazine:

Lease things that depreciate
Buy things that appreciate

And if you can not do either of the above when buying a vehicle, purchase a 2 year old vehicle that has already depreciated approximately 40-50 percent.

 

That last sentence just about sums me up. Truck stickered at 40k payed 22.5K with 34k miles and plus a powertrain warranty im pretty happy. Go Ford Certified.

 

Does not get any more simple than this, or any more true. I have a degree in finance and I couldnt agree with you more.

 

Great advise for SOME people, terrible advise for OTHERS. If your main goal is to not have a car payment in 4-5 years, then a lease probably isn't for you. Put down a decent down payment, get low/no interest financing, negotiate a good purchase price, and you'll be set in a few years... For those who always want the latest & greatest, then yes, leasing is the way to go. Just my opinion, and to each their own.

Oh yeah, and this advise is also based on my finance degree...from the school of hard knocks.

 

Well thats common sense, to me at least. Thought that went without saying, it was mentiononed above already. And thats the reason I leased as well. If I would have bought this truck I would have been paying $11,000 more over a 6 year period. And coincidentally, the truck would be worth about 12-13k roughly estimating comparing to others that age and the same predicted mileage and condition. So all of that money spent to break even? Im not so sure it was the best for me. But you are definately right, for some people that drive a vehicle until the wheels fall off, leasing is obviously not for them. Or someone who goes crazy with mods, or just plain drives a lot. You have to have the right conditions to make a lease work. I computed 7 excel spreadsheets to make sure a lease was right for me, because I was completely against them at first.

 

thanks again for the advice.....