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Ford F-Series Pickup Lease Questions

211 messages,  Last post on May 22, 2013 at 4:38 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? Ford F-150, Ford F-250, Ford F-350, Car Leasing, Truck

    

Messages Page 16 of 21

#152 of 211 Ford Leasing Judgement by enims

Dec 07, 2009 (1:09 am)

Need help and advice. I leased a 2005 Ford F-150 FX4 package fully loaded, shortly after my wife and I seperated in Southern California. At that time, my credit was fair enough to not need a co-signer. Still payments were over $600 per month but I was making good money at a company I had been at for over 10 years. Shortly after (3 months) I lost my job. I had planned on moving back to Northern Illinois where I grew up, both the sales person and leasing manager were fully aware of this before anything was signed.
 
Ok, let me just get to the point. I was unemployed for 6 months and when I got a job here, I was only able to get pretty much minimum wage with the economy. I was however able to keep up with payments. It was eating about 70% of my disposable income between gas and insurance though. I loved the truck and called the 800 number several times to explain all of this and would it be possible to opt out of the lease, and get financing to buy the truck. The 800 # told me should not be a problem as my credit with them was in great favor. Just had to go to the dealership and work it out. 3 dealerships and pretty much got the run around. The dealerships also refused to honor my lease contract.
 
Out of frustration and after calling the 800# again, I turned the truck in 12 months early being told and understanding I would owe the remaining 12 months lease and an early termination fee of about $1000.00 I was ok with this. The dealership I returned it to refused it because of a defective odometer (by the way I had not driven the truck for about a year, so this is not an excessive mileage issue) I figured it may be a fuse, but was threatened by the service manager that my lease contract warranty would not cover this. It was my understanding that my no questions warranty was bumper to bumper and included tires at no cost to me. The service manager said it could cost as much as $4000.00 to fix odometer.
 
Needless to say I am very disgusted at this point, the dealership did not even notify Ford for 3 weeks that the vehicle was turned in at their dealership. Turns out the odometer was their mistake, faulty something. 6 months went by till Ford sent me a bill for more than $15,000.00. I do not understand any of it, including a reposession fee, even though I voluntarily turned it in. It was in imaculate condition with low miles and about 3 years old, worth high $20k- low $30k, they however dumped it at auction for $15,000-
 
I go to court for jury trial next month, please help. I can't afford a judgement for the full amount. All I wanted from all this is a fair judgement amount and after the economy situation and Federal Bailout for the automotive groups, what gives Ford the right to attack me and my credit? I live paycheck to paycheck right now, but would be willing to settle for about $4K-6K, which is more then fair with the crummy service and atitutude I received at the dealerships.
 
Any help and advice would greatly be appreciated. Thanks !!
 
Eric

#153 of 211 Re: Leasing a Ford truck [gekko13] by Car_man HOST

Dec 07, 2009 (4:38 am)

Replying to: gekko13 (Oct 02, 2009 9:41 pm)
Hi gekko13. Unfortunatgely, Ford hasn't provided lease support on any F-Series pickups in a long time. As a result, it really doesn't make sense to lease one. You may want to consider financing through Ford Credit instead. You can finance a 2010 F-350 at 2.9% and a 2009 model at 0% for 5 years right now.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#155 of 211 F150 lease trade in by sgedd

Jul 19, 2010 (2:01 am)

My husband is currently leasing a 2008 F150 and is due to turn in his lease in September. I was curious if Ford has any deals on a new car(or used) if you purchase a ford after returning a lease? Also he has a damaged pass side mirror and I was curious if it was worth fixing or if they wont take much off for the damage?

#156 of 211 Re: F150 lease trade in [sgedd] by carbuyer34

Jul 19, 2010 (7:23 am)

Replying to: sgedd (Jul 19, 2010 2:01 am)
Hi, When I turned in my f150 super crew someone had keyed both driver side doors, I was worried about what ford would charge me for the damage so I had the truck detailed before turning it in..... Funny thing is I was not able to lease another ford at a good lease rate and ended up leasing a toyota tundra from the same dealership. They were so pleased with the low miles and how clean my f150 was that they never charged me for the damage. The deals offered vary from month to month seems like timing is everything when it comes to leasing/purchasing. I recently leased a subaru impreza premium 2nd one for my son for 314.00 a month 42 months and a kia sorrento lx awd for 351.00 month 36 months both leases were no money down. Good luck on your next vehicle!

#157 of 211 F150 Lease Question by lwv

Feb 21, 2011 (8:20 am)

Car Man, what are the current interest rate and residuals for 15k and 13.5k on Ford RCL for F150 supercrew 4x4 platinum edition for Houston area. Also what rebates or dealer incentives apply to leases.
 
Thanks

#158 of 211 Re: F150 Lease Question [lwv] by Car_man HOST

Feb 22, 2011 (5:14 pm)

Replying to: lwv (Feb 21, 2011 8:20 am)
Here's the information that you're looking for, lwv.
 
Ford Credit's current base lease rate and residual value for a 36 month lease of a 2011 F-150 SuperCrew Platinum 4WD with 15,000 miles per year are 2.5% and 56%, respectively.
 
I don't believe that Ford is currently providing any cash incentives on leases of this truck right now.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#159 of 211 Re: F150 Lease Question [Car_man] by lwv

Feb 23, 2011 (1:07 pm)

Replying to: Car_man (Feb 22, 2011 5:14 pm)
Car Man,
 
Thanks for the information. This is in line with what the dealer told me. They are saying 2.25 for the interest rate so that is even better. Residual is 57% but that is for the 13.5k lease which is expected. I was able to get a great lease on this truck.

#160 of 211 Re: F150 Lease Question [lwv] by Car_man HOST

Mar 14, 2011 (4:48 pm)

Replying to: lwv (Feb 23, 2011 1:07 pm)
You're very welcome, lwv.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

Messages Page 16 of 21

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