I’m on a L1A visa, recent to USA, so no cred record. Therefore need to utilize the foreign executive lease program offerd. Ford has that.
Based on that I got an offer from a dealer close to Chicago for a new 2024 F-150 XL.
Need help to see if this is a good deal or not, AND what to focus on to negotiate down if needed.
Thanks!
You paid more than 50% of a car’s value to drive it 2 years…
Just use your company’s code to rent a car from Hertz or whatever your company contracted with.
Open a credit card, bake your credit score for about 6 months, then come back.
Or consider one-pay lease options, they’re more flexible with people fresh off the boat.
Check in to Volvo and BMW, they also have similar programs. Also before u head into the dealerships, research about these programs on online forums first. LH may not have much information for those specific programs though.
Wow thats bad, and thats a lot of truck, are you a handyman or a builder?
I’m pretty sure none of the jobs require driving a pick up truck is qualified for L-1A visa, except onsite oil field managers/farm managers etc.
A ranger is a pickup truck, a F150 is more like a giant tank
But yes, thats my point, a new in the country resident needs a F150, or is the dealer just trying to move slow metal
Ok but why a gas (gasoline powered) F150?
Dont need this truck, more a “nice-to-have” option, cause when in Rome!!! 
brand new to the USA and already in YOLO mode? Dude! Good luck with life
That’s a crazy payment for a fairly barebones truck. I guess recommendations depend on how long you’re here and your POV on spending vs saving while here.
Are you here possibly permanently and planning to save for things like buying a house, etc? Or is this basically an extended vacation?
I helped a relative go through the same process a couple of years ago and the conclusion was that they help with not having credit history but are still costly. If you are here for a few years or more, buy a nice used car and try to pay it off quickly.
2nd this, Sixt has very attractive rental offers.
Thanks all, I suspected the offer was too outrageous. You’ve confirmed it based on the responses (btw, I havent signed this deal as mentioned for those of you that jumped to ‘you crazy man’ mode..)
I didnt pay nothing… asking for advice about this kinda deal and what specifics about this deal to focus on to negotiate down?
Can you perhaps point me to something concrete about this deal that is absurd? Ie. Residual value, interest paid, asking price, etc?
Post a calc link.
Paying 50% of the car’s value for driving it for 2 years is already very “concrete”.
