GEN 2 Finance or lease

[RaptorScrew]

People get stupid with cars. I was talking to a salesman yesterday and he was telling me about this guy who he sold a Mustang to that morning. The guy's credit was so overloaded that the interest alone on his note was $12/day.

 

[justinm001]

wow you guys are rough. Why wouldn't you lease this car, it has a performance engine and transmission that hasn't been in any other cars before.

Leasing a car gives you the option to return it after the lease or keep it. If you lease it then the 2018 or 2019 has a completely new engine and transmission, fixing major flaws the current 2017 has, you then have the option to return it and pickup the updated model. Sure you might have to remove all the mods and pay for any damages you caused, but its better than being stuck with a raptor that has horrible resell value and a ticking time bomb.

Leasing a car is usually at 0% APR and they just calculate the resale value at the end of the lease and you pay the difference, with the options.

We leased our 2014 F150 Platinum and are so glad we did (major issues), we'll now be turning it in and getting a 2017 raptor.

Maybe i'm wrong but why would you buy over lease if it's the same end cost? you don't HAVE to turn in leases, it just gives you an option to buy or turn-in at a predetermined price.

 

[Rated R]

The only time I've ever financed a car is when a rebate was offered for doing so. Leasing is for beemer douchenozzles.

 

[Truckzor]

wow you guys are rough. Why wouldn't you lease this car, it has a performance engine and transmission that hasn't been in any other cars before.

Leasing a car gives you the option to return it after the lease or keep it. If you lease it then the 2018 or 2019 has a completely new engine and transmission, fixing major flaws the current 2017 has, you then have the option to return it and pickup the updated model. Sure you might have to remove all the mods and pay for any damages you caused, but its better than being stuck with a raptor that has horrible resell value and a ticking time bomb.

Leasing a car is usually at 0% APR and they just calculate the resale value at the end of the lease and you pay the difference, with the options.

We leased our 2014 F150 Platinum and are so glad we did (major issues), we'll now be turning it in and getting a 2017 raptor.

Maybe i'm wrong but why would you buy over lease if it's the same end cost? you don't HAVE to turn in leases, it just gives you an option to buy or turn-in at a predetermined price.

I'm curious to know if you have ever added up all the payments you'll make on the lease and then the residual value + sales tax on that amount? The numbers are usually astounding.

 

[John Tanglewood]

Hi,

Should I finance or lease 2017 ford raptor. If lease, how much would it cost to lease it?

What colour is everybody's favourite for the new raptor?

Would the new raptor have an 8inch screen?

Plan to jump? = Lease
Plan to streetqueen? = Finance

 

[justinm001]

I'm curious to know if you have ever added up all the payments you'll make on the lease and then the residual value + sales tax on that amount? The numbers are usually astounding.

On every lease i've ever had the payments match the difference between the sale price and residual value. I've only had 0% apr though. My platinum lease is in the $730's for 39 months with MSRP $54000. it put total payments around $25k and and about $25-30k remaining

 

[TScozz]

@justinm001

I don't make calling out a post an everyday occurrence, but really could not help myself with your post bc two things stuck out: first, the obvious, good luck leasing one of these...and two, "horrible resell value." Have you done any research to back up this? My guess is no, bc otherwise you would not have made such a ridiculous statement! I get being scared with a new gen, but I can't imagine Ford leasing these trucks. Not to mention the APR rate you mentioned ...that usually happens when vehicles need to leave lots. When the car crisis occurred years and years ago, many manufacturers offered 0% but Lexus did not bc they were not catering to the "less fortunate." You want a Lexus, you'll pay for it...same with the Raptor.

Rant over, bartender fill my drink up!

Sent from my SAMSUNG-SM-G935A using Tapatalk

 

[justinm001]

Sorry I didn't mean to sound like the raptor will have a poor resale value, its just a reason why to lease over buy. When leasing a vehicle they have a predetermined resale (residual) value and base the lease off that. If there's a huge market crash or major issues with the vehicle, the leasing company assumes the risk, not you. Imagine if the new raptor has major engine issues and only average 50k miles, or if Ford comes out with a 2019 Raptor that has 600HP and completely redesigned to look and feel much better. these would cause the resale market to "crash" and make your 2017 $70,000 raptor worth around $30,000. if you had a 36 month lease with a residual of $45,000 you could drop it off at the dealer, pickup another used 2017 for $30,000 and save $15,000 easily.

BTW, I've leased just about every vechicle i've bought, including 01 GS300, 06 GS350 both at 0% or very close (maybe .9%)

A company not leasing their own vehicle is a pretty big red flag. They lease just about any other of their cars, including Austin Martin. You can lease any vehicle from other banks but not at 0%.

I'm not saying that leasing is the best idea or everyone should do it, but its all about minimizing risk and costs. If you lease a vehicle at 0% apr you have nothing to lose, but minimize your potential future risk.

How much would you pay to have someone guarantee that they'll buy back the car at a specific price regardless of market conditions or reliability issues?

 

[Jimbo]

Sorry I didn't mean to sound like the raptor will have a poor resale value, its just a reason why to lease over buy. When leasing a vehicle they have a predetermined resale (residual) value and base the lease off that. If there's a huge market crash or major issues with the vehicle, the leasing company assumes the risk, not you. Imagine if the new raptor has major engine issues and only average 50k miles, or if Ford comes out with a 2019 Raptor that has 600HP and completely redesigned to look and feel much better. these would cause the resale market to "crash" and make your 2017 $70,000 raptor worth around $30,000. if you had a 36 month lease with a residual of $45,000 you could drop it off at the dealer, pickup another used 2017 for $30,000 and save $15,000 easily.

BTW, I've leased just about every vechicle i've bought, including 01 GS300, 06 GS350 both at 0% or very close (maybe .9%)

A company not leasing their own vehicle is a pretty big red flag. They lease just about any other of their cars, including Austin Martin. You can lease any vehicle from other banks but not at 0%.

I'm not saying that leasing is the best idea or everyone should do it, but its all about minimizing risk and costs. If you lease a vehicle at 0% apr you have nothing to lose, but minimize your potential future risk.

How much would you pay to have someone guarantee that they'll buy back the car at a specific price regardless of market conditions or reliability issues?

If you use the Raptor, at all, like it's intended, your risk and costs at lease turn-in are going to put you over. You'll end up paying quite a bit out of pocket due to excessive wear and tear. To me, it wouldn't be worth not knowing the end costs to justify the lease. Also, a lot of us forum folks don't leave anything stock. So let's say year 1, you mod it, save all your stock parts, and by year 3, you're putting it back to stock/fixing what you know is broken, etc. Now you're trying to sell used parts for 50% of what you've paid, versus keeping the truck and selling it to another enthusiast who sees value in the mods you've already done.

 

[justinm001]

If you use the Raptor, at all, like it's intended, your risk and costs at lease turn-in are going to put you over. You'll end up paying quite a bit out of pocket due to excessive wear and tear. To me, it wouldn't be worth not knowing the end costs to justify the lease. Also, a lot of us forum folks don't leave anything stock. So let's say year 1, you mod it, save all your stock parts, and by year 3, you're putting it back to stock/fixing what you know is broken, etc. Now you're trying to sell used parts for 50% of what you've paid, versus keeping the truck and selling it to another enthusiast who sees value in the mods you've already done.

You always have the option to keep the truck and sell it to someone else. Also in my experience dealers tend to be pretty lenient with wear and tear if you're buying another vehicle when turning that one in. Mileage seems to be the only thing they are really strict about.