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Prices Paid: Buying & Leasing Experiences Ford F-Series Pickup Lease Questions
151 messages, Last post on Oct 02, 2009 at 8:41 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi, I'm interested in this truck: http://tiny.cc/qwf8A This dealer is a credit union who keeps the nice vehicles that get returned from a lease. In some cases the vehicles have been leased twice... My question is, what should I offer them for it? Here is my rationale. 1. the truck has likely been paid for once by the guy who was "fleased" by the lease 2. These vehicles will eventually be sold at auction if the credit union does not sell them 3. These trucks have been depreciated... this one by 5 years... So, what should I offer? What would a truck like this fetch at an auction in Michigan? Do I have any leverage with the bank if I ask them to look at the books and see just what they need to get for it to pay off the residual value? I am looking for some help. I need a truck, dont want to buy new, but want some negotiating power wiht the bank who owns it.. Please reply especially those with this kind of experieince either negotitating to buy or on the banking side of the sales business..
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Replying to: redwing_al (Aug 29, 2009 1:24 pm) As far as the three points you brought up? None of that matters. Just like any other car dealer, the credit union has an asset for sale. The only thing that matters is what that vehicle is worth on the open market. Where that truck came from, it's leasing history, or anything else won't change what it's worth. Now.. your credit union may not be all that savvy of a car dealer, but if they are doing leases, then chances are... they know what they are doing. They may take less than a comparable used car lot, but they certainly aren't going to sell you the car for the same that they would get wholesaling it at auction. So... determine what the market is for that truck, decide on a price you'd be happy to pay, and go offer them a thousand less... and see what happens. regards, kyfdx |
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Replying to: cheatedtoo (Aug 22, 2009 8:34 am) Of course ANYONE who leased 13 Ford vehicles in 10 years should have figured that out after about the 3rd or 4th time of getting "cheated." Or maybe you treat your leased vehicles like you own them. Unfortunately, you do not. Lesson learned.
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Unless you are leasing for business purposes where it cant be a write off on your taxes, nobody in their right mind should ever lease. I strongly disagree with you. There are many advantages to leasing. I leased a 2007 Ford Edge SEL Plus, MSRP $33K for $349 a month/ 36 months with ZERO down. I saved over $6,000 in car payments by leasing it instead of buying it. Do you honestly think I would be $6K ahead if I would've bought it and traded it in after 36 months? No chance. This is my 5th lease and I never have had a bad experience. I save at least $150 a month leasing and that really adds up. It allows me to drive cars that would normally be way out of my price range. You just have to do your homework and not be a victim of shady dealers. |
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Hello, new member here. I was wondering if Ford leases the F350. I need a duely to pull a 4-car hauler. If yes, what engine and drivetrain specs do you recommend? Thanx. BTW, what is the price range of the lease? I just need the bare essentials. |
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