I think I usually put around 2k down, maybe a tad more.
7.25% good old Cali.
Ranger wasn't a bad lease at launch, at least not in California. I leased a 2019 early on, and yes the MF was huge, but my 24 month residual was 72%. It was cheaper than the F150 lease I traded out of, and competitive with the Tacoma in our Market (SF Bay Area). I hope they lease the Bronco, as the Wrangler enjoys such a high residual, and this looks to be the better vehicle.
Recently yes, market changes and all. Ford always has a couple good leases out here. We had an Escape SE and Fusion SE special every year that was around $250/m with tax, drive off down.
The dealer gets paid the full amount either way, check from your finance company or a check from FMCC. Leasing has a ton of benefits for both the consumer and the dealer (depending on state leasing rules of course), provided the deal is right. Ford would do well to offer a good lease on Bronco.
Thanks for this, I called a couple dealers near me and they said pretty much the same thing:
I think he was adding up lease payments.
Ah, a base 2 door is 30k, that would be like a 45% residual, I don't see it being that low.
I don't think it would be that low either. BUT I didn't think the Sport would be 50% res value. Is the Escape that low as well?
I live in VA, we pay taxes on the entire vehicle, not just the lease amount. Couple that with the (likely) 4.5-5% lease apr, and dealer processing fees we have here I think it's likely that the 22,000 figure would be what the reality is. Honestly anything over $15k otd is pushing it for me. I'm not rich enough to be that die-hard of a fan.
Uhm.. not sure if youre joking or not but I would think both the dealer and Ford would prefer you to lease and have a low crappy residual. Then you lease another one in 3 years... BMWs business model pretty much.
Offhand I don't know for sure, but it's usually around 50-55% that's a different segment though. The ranger is still 70% on a low mileage lease for a crew 4x4.
Yeah, CA is much more lease friendly. Wait until the lease figures come out, if they lease it.
Yeah VA sucks. We have annual property tax on vehicles 3% assessed value (again on the whole vehicle regardless of lease) as well. Bullshit tbh because the roads are atrocious as are most schools. Don't know where that money goes
Not joking, but perhaps I'm not intricately familiar with leasing as others. I just see a pattern of highly demanded vehicles having bad lease options and Bronco seems to align with that, being highly anticipated. Only reason there's rebates and incentives on F-150's, I imagine, is because the market is flooded with competition. The only main competition for Bronco right now is the Wrangler. Having another new kid on the block "should" help bring the prices of FCA's cash cow down, but I fear both company's aren't going to drop their pants any time soon for the sake of the consumer. I hope I'm wrong.
