I have bought wear care on at least 5 leases. $750 Z plan I think (retail varies, but shop and negotiate), now has $5k in coverage. 2 vehicles I returned would have been no issue, one had a basketball not fall on the roof and would have been $1500 to fix (or file a claim, but I carry a $1k deductible) and one I backed into a wall and scraped the bumper, probably at least a $750 repair. It's sort of a wash, but covers things like interior, that insurance typically would not and then I don't have the stress of small damage or wear.
I like that I have the option, I have both returned and purchased leases. My last Explorer, the buyout was $26k and the wholesale was $26K, retail about $30k, it had been great, so we bought it. 18 F150- buyout $31k, wholesale $28k, retail $31K, plus I hit a deer and the whole side of the truck was repaired/repainted so I opted out (extended the lease until I get my bronco or decide on something else). The main difference is my Wear Care expense, which I write off to peace of mind. Just run the numbers and understand what you are paying.
That is pretty universal with most brands, unless you lease another car with them.
I would expect leasing on trims above Big Bend would get very expensive. Knowing how Ford rolls, that's where the lease value will be at. Especially since there won't be any incentive support.
Is leasing really a viable option for people planning on using their Bronco's for off roading or planning on any after market equipment upgrades? seems like a bad idea to me, but if there are good reasons for leasing (other than a lower payment) please explain.
It's a gamble. Ford Credit is very clear on their lease return standards:
I also expected the lease numbers to be bad, but that is really bad. Once you get a few good leases under your belt, you get spoiled I guess.
Agreed. All my leases have been excellent, and it's not by coincidence. For the Bronco i was thinking it would be 7/10 or 8/10 on the "bad lease" scale, but i'd probably rate this 10/10. Either way,I was only going to lease for a short period then buy it, but the big acqusition fee, plus dispo fee will lock out people with the same strategy. Not that big of a deal I guess.
What about people adding accessories. I keep seeing people talking about leasing their Bronco's and
Per my original question, other than keeping the payment low, are there any good reasons for leasing?
The Base and Big Bend leases seem fine. Especially when they are based on MSRP and there are zero incentives on the Bronco. The Ford lease calculator on the B&P site tends to be high anyway.
All leases and/or bank loans generally have the "acquisition fee". This is good transparency as it is usually not shown in a B&P.
