2025 F150 Lightning Platinum w/ Dark Elements package. MSRP $88,190.
19,500 miles a year. 48 months. $0 down. Sign and drive with first month payment paid also. (I only pay 47 payments).
Trade in was a 2022 Tesla Model 3 Dual Motor with 77,000 miles. Payoff on the Tesla was $20.5k.
You think it’s bad? I dunno. Figure that’s $3k negative equity (doubt they’ll get more than $17.5k at auction for that car), and remember it’s 19.5k miles a year and 7% Palm Beach County tax. I figure that’s about a $675/months w/tax on a no trade, 12k mile lease. I’d be happy with that on a $88k car.
Definitely not the greatest deal man.. but what’s done is done. Enjoy the car! I am sure it will be awesome.
10% off and $12,500 in rebates is solid. The rest of the decisions here are questionable. MMR on the trade is around $21K, I think the dealer will do fine and suspect you could have gotten more private party. 48 months is not the best term for this program and will leave you without basic warranty for part of the lease. 19,500 miles/yr upfront is a big prepay when Ford’s excess miles are cheap and leases are easily transferred. You’re gonna be spending alot of time charging driving all those miles in this…
Gotcha. Thanks. I was feeling terrible! I got quotes on the Tesla from CarMax, Carvana, etc. All were in the $16-17k range. Maybe could have gotten more selling it myself but I don’t want to deal with Craigslist or Facebook people.
I need the miles. Drive about 20k a year. I didn’t check the buying miles aspect. Thanks for that tip. It seemed like 48 months was were they were driving you. It kept coming up $100 more on ford.com at 36 months. And the lease prices were way better than the finance prices even factoring the 0% for 72.
I figure it’ll cost me $79k all in including the rent charge for 48 months if I buy the car off lease. I’m fine with that.
As for the warranty, I priced out a 4 year, 85k mile extended warranty from ford at about $1k. Will probably just do that.
I dunno. I guess I have a lot to learn. But I still ended up below the 1% rule at 19.5 miles a year and what I thought was negative equity on my trade. I’ll try not to beat myself up too bad. lol
You shouldn’t. Just enjoy the ride now!
This truck is great and you’ll likely have 4 great years driving it.
This isn’t a valid reference point. That would be an absurdly high payment on either of our vehicles.