Ford F150 Lightening XLT 2023 lease vs buy

Ask the Hackrs
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1

Hi, planning to buy a car in NY and ship over to Hawaii after driving cross country. Made the mistake of telling the dealer I need to buy asap.

Considering leasing but is this a good deal? Probably flexible on the miles because seems hard to believe we would cross 10k/yr or maybe even 7.5k in Hawaii but not sure…

OTD cost is 78834 (inc tax and reg fees)
Finance terms would be 0% APR, 60 months
Leasing terms: 36 months/12k miles/$1278 per month. $0 down for both deals.

This dealer also isn’t offering any discounts yet that I can see from the initial info…

2

Rent a car and save yourself a headache. I never did but heard EV is not fun cross country depending how far apart are chargers.

Rent a car, have fun and then buy here
https://www.honoluluford.com/new-inventory/index.htm

3

Thanks, own reason we thought about buying was to get some practice/feel for EV before committing/shipping it over. Could just rent one for now but if we wanted to buy, what do you think about this lease deal?

4

I’ve been able to map out a route with chargers that seems good. Debating if we need the extended range battery though which could change costs a lot

5

Driving across the country is going to be far different than living with it in Hawaii. I wouldn’t start that way for practice or feel if it were me.

6

If you can turo has them for cheap, rent them out for weekend. See how it goes. But cross country, i dont think were ready yet for it

7

Thanks! If we assume I’m ok/would be good with the risks of going cross country - is this a bad lease deal?

8

Ship a car bought from the west coast.

And EV cross country doesn’t sound fun at all. Coming from an EV owner.

9

I think we could manage it but definitely hearing the advice and will consider other options. Still curious to hear your thoughts on the the lease offer and how you evaluate it.

10

No offense, but this is a really bad idea.

  • Big and inefficient model
  • Mediocre charge speed
  • New EV user
  • Brand new lease

And the lease offer is even worse. Did you read this?

11

Please also know the Hawaii dealerships tend to discriminate on cars not bought in Hawaii…like oh you need to wait 3 months for parts, etc.

12

None taken! Appreciate the honesty. Will read through this post.

13

Oh interesting. I hadn’t heard about discrimination like that before.

14

And not to mention someone is paying oh about quarter of what you were quoted. SR but still. Terrible deal from that NY dealer.

15

A lease is more of a commitment in some ways, especially a Ford lease. There’s no easy way out. You cannot simply sell it to the highest bidder unlike a financed vehicle.

16

Yea, being pretty naive with the idea of a lease tbh. I had been (perhaps incorrectly) thinking about it as a more low effort way of offloading the truck if we don’t want it at the end of the term vs trying to sell in the smaller HI market where not sure how much value EVs hold.

17

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