Will someone please help me determine if this is a good lease offer on a F150 ??

DocJrod

Just letting the internet do it's thing. Is this a good deal.... Any/all comments/advice is welcome

Michaell

DocJrod said:

Just letting the internet do it's thing. Is this a good deal.... Any/all comments/advice is welcome

Trim?
Cab Style?
4x2 or 4x4?
Location?

DocJrod

Michaell

DocJrod said:

Location?

DocJrod

76063

DocJrod

@Michaell - I'm sorry, clearly I am new to this. Thank you for your help.

Michaell

DocJrod said:

@Michaell - I'm sorry, clearly I am new to this. Thank you for your help.

No worries - we'll get there.

2020 F-150 4x2 Supercrew
3.97% APR and 53% residual
$1500 lease cash
$750 dealer cash

Using the prices from the worksheet, I'm within $1 of the dealer quote.

What hurts you most, is that in Texas, you pay sales tax on the entire selling price.

Have you shopped multiple dealers? That will ensure you get the best price, and the best lease payment.

DocJrod

I also have the invoice - when salesperson says they are selling to me at invoice, what does that mean?

Also, Salesperson is saying that the Explorer has better residual value (look at the ST) is that the case?

Michaell

DocJrod said:

I also have the invoice - when salesperson says they are selling to me at invoice, what does that mean?

Also, Salesperson is saying that the Explorer has better residual value (look at the ST) is that the case?

What he wants it to mean, to you, is that he's selling you the car for the same price the dealer bought it from the factory.

I can pretty much guarantee you that isn't the case. There are all sorts of hidden incentives and bonuses from Ford that allow them to cut the pricing.

Look up the pricing here:
https://www.edmunds.com/new-cars/

Residual on the Explorer ST is about the same.

teenmuppet

DocJrod said:

Just letting the internet do it's thing. Is this a good.... Any/all comments/advice is welcome

free games

I have the invoice as well; what does it signify if the salesperson says they will sell to me at invoice?

Michaell

teenmuppet said:

DocJrod said:

Just letting the internet do it's thing. Is this a good.... Any/all comments/advice is welcome

free games

I have the invoice as well; what does it signify if the salesperson says they will sell to me at invoice?

no; you need an offer sheet that specifies the selling price