Expired Hot Deals

[Ford] Ford F-150 Lease $300 / Month

  • Last Updated:
  • Oct 4th, 2020 4:17 pm
[OP]
Deal Addict
Dec 10, 2008
1707 posts
637 upvotes
Kitchener

[Ford] Ford F-150 Lease $300 / Month

Had this ad pop up on my Facebook... although it’s a Ford, at least the dealership would attend to any major malfunctions during the lease period, and you would know if you had a lemon by the time the buyout date arrived.

Kitchener Ford

2020 Ford F-150 XLT 4x4 Supercab $300 per month + hst

Is this dealership specific, or province wide?

Seems hot... I guess... most trucks seem to go in the $300 payment range biweekly... yes?

Sorry I can’t seem to download a copy of the screen shot of the ad... I’ll try on my desktop
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173 replies
Deal Addict
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Nov 29, 2007
3523 posts
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No Bum Deals
The deal is meh tbh. Low mileage @ 4%.
🢂 2x Koodo 35/10 - 1x Koodo 35/7 - 1x Fido Data 0/3 🢀
Deal Guru
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Jan 10, 2008
12044 posts
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And I bet once you go to dealership “ oh we have just sold the last one , now here’s another model but slightly more expensive....”

Typical stealership marketing bait & switch
Jr. Member
May 7, 2017
137 posts
198 upvotes
Probably a fleet order that got cancelled. The truck is being updated next year so clear out sales should be everywhere.
Sr. Member
Nov 26, 2008
806 posts
444 upvotes
GTA
This thread has been ruined- can we get a “do over” to keep points about the deal?
Newbie
Sep 22, 2020
40 posts
65 upvotes
I once got a smart car, but the wind blew it away while I was on the highway...
Member
Dec 22, 2017
337 posts
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Getting back on the topic, as someone who always paid cash for cars, is a lease or a payment plan on a car ever a good deal?
Deal Addict
May 25, 2009
1754 posts
281 upvotes
This is not a terrible deal if it fits your needs. The biggest issue I see if that it is a Supercrew instead of a Crew cab. Also 4% is not that great. I saw a similar deal the other day from a local GMC dealership for a 2 year lease on a Sierra SLE Black Edition crew cab for $79 weekly with $2500 down. It was pretty tempting but I don't need a truck.
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Nov 29, 2007
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GeneralAkbar wrote: Getting back on the topic, as someone who always paid cash for cars, is a lease or a payment plan on a car ever a good deal?
Circumstance. I lease because it makes sense - don't do a lot of miles and I can put it through our businesses.
🢂 2x Koodo 35/10 - 1x Koodo 35/7 - 1x Fido Data 0/3 🢀
Jr. Member
May 7, 2017
137 posts
198 upvotes
Sometimes the manufacturers throw money at a lease so it could be cheaper even if you eventually want to buy the vehicle outright. I leased a car once because of this. Just know that when you eventually go to buy at the end of the lease there is still a fee to inspect the car and transfer ownership.
Deal Addict
May 3, 2008
1026 posts
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Perth
If this was the new electric model that's coming, I would be all over it... but locking into an ICE lease at this point is a no go for me.
Deal Guru
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Aug 6, 2001
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Stuck in a Box
GeneralAkbar wrote: Getting back on the topic, as someone who always paid cash for cars, is a lease or a payment plan on a car ever a good deal?
Absolutely.

Leases provide a walk-away option, if you dont like the car after few years, or have had an accident etc and no longer in love with it. Plus in my case, my lease includes all maintenance, so I like that peace of mind.
Member
Feb 20, 2012
498 posts
306 upvotes
KITCHENER
Please include the $1500 down.

That makes the actual price 362+hst.

This is still a very good deal.

It's difficult to get a warranty covered pickup truck for under $400 a month.
Last edited by Unraveller on Sep 26th, 2020 11:41 am, edited 1 time in total.
Deal Addict
Feb 26, 2006
3135 posts
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Ottawa
Anyone see anything with a 8ft bed?
Newbie
Apr 11, 2020
44 posts
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The deal on the other hand, I don't find particularly good considering it is a supercab, 4% OAC, low kms/yr at 16000kms, AND $1500 down which I have no idea why nobody is mentioning. That $1500 down over 2 yrs bumps up your effective payment to a bit over $400/mo with tax in. You should be able to get into a basic supercrew for this payment.
Regarding safety in a relevant way, the f150 earned very good crash test ratings by the IIHS.

As for leasing in general, I've leased 3 vehicles in a row now, each time getting equity out of the returned vehicle. If you're going to lease a truck, I recommend trying to do this, and NEVER just returning it. I returned my 2017 f150 xlt xtr at 60k kms (allotment was 20k/yr), the buy out on it was $22k, I got them to give me $5k cash back for returning it (got $4500cb when I returned my 2014 ford flex and got into the 2017 f150 originally), and leasing a 2020 f250 that I pre-negotiated a good deal on. It's very often a big mistake to just turn in your keys on a lease when it's worth more than the buy out price. I always approach the dealership as if I'm going to buy out the lease. Since they get nothing out of that, they're very motivated to either get you into another lease, or another new vehicle. You're a valuable part of their sales pipeline, take advantage of it.

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