SAD: I can't afford the new Bronco. :(

[Dlerojo]

I think people tend to over exaggerate long term loans. On a 45k vehicle and a 60 month 3% loan you pay $3500 in interest. Same vehicle but 4% loan over 72 months you pay $2000 more.

it’s not nothing but it’s not OMG you can’t afford this vehicle! As long as you’re going to keep it for longer than the loan term and you’re ok with the extra interest it’s fine. Especially on a new vehicle. Interest rates are so low you can make more in the market anyways.

People also forget to mention that the average interest rate on cars used to be 10-15%. With a rate that high you would want the shortest term possible.

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[Blksn955.o]

I've noted several times on this forum don't buy into the hype, it's just a vehicle. A lot more people buy new vehicles than really should, it's an unwise financial move for almost everyone. Wait a year or 18 months after they hit the streets, there'll be many lightly used ones available. Yes, they probably won't depreciate as much as most vehicles, but a lightly used one will still be a much smarter buy than a new one. A vehicle is way down the list of the important things in life.

Did this with our 17 escape...got a super deal. We bought it in 17 used with just under 3k miles...like 2,900 miles. We got it for 10k under the price new...we had shopped around and knew the prices and we were just like we have to do this one for the deal alone. Got super lucky on this one price and mileage wise the finance guy was a little shocked when I showed them comps after the sales was signed and done...he knew they could have sold for more after that.

Unfortunately, I/we dont have the time this go around but I do plan on keeping for 20+yrs so at that point over the yrs it becomes less and less.

 

[RedRiverRev]

But I am worried a lot of people might spread themselves a little thin with this one

Proceeds to tell us what's in the driveway and then is concerned about other people's spending habits? Where have I seen this one before?

 

[motman243]

No. You’re bad with money and decision making.

Ok, Gamecock.

 

[Jr87mustang]

I just got of the phone with my dealer in California. I asked them to see what the lease rates are for the Bronco Sport just to see how they line up and make a guesstimate for the Bronco. She had a Bronco Sport on order for someone that was $39,070 she added x-plan to it and for a 3 year lease with $8000 down the payment was still $420 a month! That is insane. If the lease rates are really that high for Bronco that sucks bad. I love Ford but I won't buy a first release vehicle from them ever.....I'll lease it and test it out and then decide if I want to keep it. I am still going to order but i am going in it knowing the dealership might end up with my ride.

 

[motman243]

I just got of the phone with my dealer in California. I asked them to see what the lease rates are for the Bronco Sport just to see how they line up and make a guesstimate for the Bronco. She had a Bronco Sport on order for someone that was $39,070 she added x-plan to it and for a 3 year lease with $8000 down the payment was still $420 a month! That is insane. If the lease rates are really that high for Bronco that sucks bad. I love Ford but I won't buy a first release vehicle from them ever.....I'll lease it and test it out and then decide if I want to keep it. I am still going to order but i am going in it knowing the dealership might end up with my ride.

What Sport?? Is that a FE or what?

Why would you be putting $8k down on a lease? Do you get that money back??

 

[BDBJ79]

My B&P was just under $40k, which is a pretty standard price for a brand new mid-trim SUV. I’m not sure how much you thought it was going to be. I plan to sell my current vehicle privately and put a big chunk of cash down on it. Credit union interest rates are pretty low. I’m not expecting a crazy payment.

 

[Chrism81]

Had a Black Diamon reserved. Was thinking it would be around $600/month tops.

I realized the build and price calculator automatically factors in 10% downpayment and slowly realized this is not going to happen for me.

I am young and make pretty good money. I have two cars, an F150 ecoboost and a 2SS Camaro. I was going to sell both to pay for the Bronco if needed. But $700/month for a car is outrageous. Even the base model with any extras puts you over $600 a month with no down payment and excellent credit for a 60 or 72 month loan. Seeing as I don't even have a family yet, there is no way I would ever be able or willing to swing this.

Anyone else coming to this realization too? It kinda sucks. If 4x4 is your thing and that's what you want to spend all your money on, then this is probably a pretty decent option. But I am worried a lot of people might spread themselves a little thin with this one. I am going to keep my older cars and enjoy the best of both worlds. To all of you who are committed and/or have the luxury of affording such a beautiful piece of machinery, I wish you the best! Enjoy it for me.

I pretty much figured at $600-700 a month. I can afford it, but that doesn't mean I haven't been saving as much as possible and cutting back on stuff so that I can put more down so that my payments are in the $500 range. If you really want it then cut back on all the useless crap we all buy and start saving more. So save more, get rid of one of your cars if they are all not needed and you should be fine. Also the 5% interest rate they estimate is high unless your credit is crap

 

[Jr87mustang]

What Sport?? Is that a FE or what?

Why would you be putting $8k down on a lease? Do you get that money back??

It was a Bronco Sport Badlands. She just picked a Bronco Sport that just sold to see what lease deals might be like for the full sized Bronco. *I* didn't do anything, lol. It was just to show how bad lease deals are on Bronco as of this moment.

 

[Axxlrod]

What Sport?? Is that a FE or what?

Why would you be putting $8k down on a lease? Do you get that money back??

Nope. Money down on a lease is just pre=paying the lease cost to get a smaller monthly payment.

BMW allows putting down multiple security deposits which lowers the money factor so you get a lower payment, and you get that money back at end of lease.

Never put money down on a lease. You don't get it back. Plus if the vehicle is wrecked, Poof! That money is gone.

 

[Southern Girl]

It just doesn't make any sense to me when the Bronco Sport has a multiple of the exact same features for $10k less. I understand the offroading side of things comes at a cost for production and as well as R&D, but wouldn't you think the happy medium would be a bit more within reach for someone with an above average income? These prices seem like they are out of reach for A LOT of people.

Yeah, but the engine is a toddler toy engine.

 

[AZHUND]

I just got of the phone with my dealer in California. I asked them to see what the lease rates are for the Bronco Sport just to see how they line up and make a guesstimate for the Bronco. She had a Bronco Sport on order for someone that was $39,070 she added x-plan to it and for a 3 year lease with $8000 down the payment was still $420 a month! That is insane. If the lease rates are really that high for Bronco that sucks bad. I love Ford but I won't buy a first release vehicle from them ever.....I'll lease it and test it out and then decide if I want to keep it. I am still going to order but i am going in it knowing the dealership might end up with my ride.

Is the sport a Renegade competitor!?! Those are selling new for like $20-25k (as an economy car should be priced...) with big discounts off the very inflated MSRP. That is nauseating and hope the buyer isn't confused between Bronco and Bronco Sport ( as they are not remotely the same thing or in same class).

 

[Beach_Bum]

Is the sport a Renegade competitor!?! Those are selling new for like $20-25k (as an economy car should be priced...) with big discounts off the very inflated MSRP. That is nauseating and hope the buyer isn't confused between Bronco and Bronco Sport ( as they are not remotely the same thing or in same class).

I would consider the Sport to be a Cherokee competitor.

 

[Johnny Mo]

When B&P released the sticker shock became real,I think the convertion estimates may end up lower then ford was thinking.

I'm not sure I understand the sticker shock portion of that statement - if anyone did any bit of homework at all, looking at comparably equipped Jeeps would have given a reasonable indication of what it would cost. I priced out a fully loaded rubicon and fully expected my build price to be close - it was. So sticker shock = unrealistic expectation and no research from the sound of it.

 

[Fordboi]

The calculator also doesn’t figure taxes, which is anywhere from $2,000-$5,000 depending on your State.

I’m in your same boat, once x-plan dropped and then seeing the build prices and payment and then figure in taxes, even with $12k down i’m looking at $550 a month for 72 months for my $47k built Outer Banks.

For $47k I can get a decent used truck AND a Razor Turbo or Offroad beast of some sort.

that used truck has already depreciated, too. don't have to take as big a hit on that.

Ok, Gamecock.

is this the next generation?

*not related to previous quotes*
i am having a serious issue with self constraint trying not to bring politics in this thread. to the person who said "ok boomer" who was talking about teen daughter wanting a new jeep, you can't expect someone else to get something for you just because YOU want it. there is this thing called work and you have to do it sometimes. i am not a boomer, this came from a late gen z

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