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CoolCoyote
Well-known member
Just leased one and I believe it was 6.76%. I'll double check the paperwork tomorrow.
Shyrax
Well-known member
The Edmunds forums have a section where you can ask for the current money factor, residual value, incentives, etc for your build and zip.
https://forums.edmunds.com/discussi...-f-150-lease-deals-and-purchase-prices#latest
https://forums.edmunds.com/discussi...-f-150-lease-deals-and-purchase-prices#latest
Calson
Well-known member
- Joined
- Jul 16, 2022
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- 2022 F-150
A lease only makes financial sense for a vehicle where you want to maximize the vehicle expense when it does not qualify for Section 179 treatment. That applies to vehicles with a GVWR of less than 6,001 pounds so only the Ford Maverick pickup would not meet that requirement.
My last SUV was a Chevy Traverse with a GVWR of 6,020 lbs and so did qualify for Section 179 treatment but the Toyota Highlander was rated by Toyota at 6,000 lbs and so did not qualify. This made it easy to decide to buy the Traverse.
If someone cannot afford to buy and finance a new truck then it would be smarter to buy a used one (and from a private party where there is access to the vehicles repair and service records).
My last SUV was a Chevy Traverse with a GVWR of 6,020 lbs and so did qualify for Section 179 treatment but the Toyota Highlander was rated by Toyota at 6,000 lbs and so did not qualify. This made it easy to decide to buy the Traverse.
If someone cannot afford to buy and finance a new truck then it would be smarter to buy a used one (and from a private party where there is access to the vehicles repair and service records).
Akin33
New member
In my experience, the key is to convert the money factor to an interest rate (money factor × 2400 = APR) — that way you can see how competitive it really is. Also watch for markups by dealerships and check residual values — they hugely impact monthly payments.
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