Yes Typhoon I am definitely Interested In where you got this truck from Please email me at: bigdcobia@cs.com

Thanks, dave

 

The other problem with leasing a Lightning is that the residual is based on a regular F-150. The way these Lightnings have been holding their value, you should be able to lease one of these for $100 per month .

Also, leasing only makes sense if you plan on returning or trading in the vehicle at the end of the lease. If you plan on keeping it, just do regular financing.

 

Strohm, if the residual value is based on an f-150 isn't that a big plus on a lightning???

If the residual is 12,0000 at the end because its based on the f150 and the L truck is worth 16,000 because its an L then don't you make out better? You could buy the truck for 12 and sell it for 16 yes???

 

typhoon you out there?

 

SVTLEMONBOY, you forgot that the interest is based on the entire selling price, not just how much you pay off. I lease both the Cobra and the L, you should see the lease on the Cobra. 36 months with a $500 residual(big payment though). I did both for tax reasons. When the lease is up on the L, the Cobra will be paid off. Then I can finance the purchase again. I could have bought it with a 6 yr loan, but the payments were a little higher. Here in Ohio I pay the sales tax as I go, I don't have to finace the tax with a lease.

Try this calculator http://www.autosite.com/new/loanlse/calc.asp

 

bigd - I guess I didn't look at it that way. It would make it much cheaper to buy out the lease.

I was looking at it from the point of the monthly payments. The monthly payments are based on the sale price less the residual value, which they consider to be the depreciation.

 

Hey BigD,
I'll get that info out to you tonight, along with my salesman's name.

 

I can offer 1 fact.The Lightning lease IS specific to the Lightning.It is not based on just a f150.Even the f150s are split between 4wd,2wd,supercab,Package deals and so on.It is a little more complex than you think.This is the reason sometimes you can lease a more expensive supercab XLT for less then a reg cab XL.Even though the cost is higher,The lease is lower cause the residual.The lighting is just one of those odd ball leases.If you took a 4wd supercab stickered at 31k it could be leased at about $100 less a month due to residual values.It is somwhere in the 50% range for the lightining.I remember when the new body came out in 96.At the time I worked for Ford.The residual was 69% for 2 years/15000 miles.This made for a very low payment.Here is a good one.At my local dealership,depending on time of year,You can buy a Ranger xlt 5 speed w/air for 10,995.The lease rate is $119 for 24 months/12k a year.The funny part is you can buy it at the end for $9600.If you choose to buy,you take a beaten.On the other hand,The Lightning 36 month lease residual is around $15,000.If you buy it then ,It will be a steal.You just have to do the right thing depending on your needs.Keep in mind,Whether you finance or lease there is a finance charge.Leasing to buy is ALWAYS more expensive in the long run due to finance charges ,Usually they are from 5-8 years total rather than 5.This is to keep for a low payment.

 

Hey LQ:
You got that right. I used about $2500 in Lease Loyaly Credits and a little down and pay $500 a month for 36 months.
Should I choose to do so, I can almost steal my Moby at the end of the lease, sell it and start all over again.
Another point well taken is that this did not/would not work on the various Escorts, my 96 Taurus SHO, our 97 F150 6 Cyl, the 99 Ranger and Pat's 98 Continental. None of those would I even have considered buying at the end of the lease. Well, maybe the Continental, Pat loves it?????

Bill

 

Hi Bill,
Do you know that lincolns are Fords worse vechicle as far as value go.Leasing lincons are the ***ONLY** way to go.I hope Im not offending anyone but if you buy a Lincoln brand new, You are in for a rude awakening 1 year from now.Do you guys know that the avrage Lincon continental and town car loses an average of $15000 the first year!!!!!!!Here is a perfect example.My father inlaw (who will not listen to anybody)just bought a new lincoln in Florida 2 months ago.It was a $42,000 one.Right now at my dealer,There are many sitting on the lot (99 w/15000 miles)for $21,995.I told him to buy a 1 year old.He would not listen.Now he is stuck with a 700 a month payment when he could of had a 400 a month payment.That IS alot of money!!!!!That is a $20,000 loss!!!!.Leasing them is the only way to go.Ford residualizes them alot higher than they are worth.