Expired Hot Deals

Ford

Ford F-150 Lease $300 / Month

  • Last Updated:
  • Oct 4th, 2020 4:17 pm
[OP]
Deal Addict
Dec 10, 2008
1710 posts
640 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
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Nov 29, 2007
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The deal is meh tbh. Low mileage @ 4%.
Fake, inflated, paid, and other forms of scammy news and reviews run rampant. A world drenched in online deceit, spiraling into oblivion.
Deal Guru
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Jan 10, 2008
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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
169 posts
257 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
927 posts
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GTA
This thread has been ruined- can we get a “do over” to keep points about the deal?
Member
Sep 22, 2020
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I once got a smart car, but the wind blew it away while I was on the highway...
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Dec 22, 2017
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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
1814 posts
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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.
Fake, inflated, paid, and other forms of scammy news and reviews run rampant. A world drenched in online deceit, spiraling into oblivion.
Jr. Member
May 7, 2017
169 posts
257 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
1078 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 Expert
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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.
Sr. Member
Feb 20, 2012
531 posts
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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.
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Feb 26, 2006
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Ottawa
Anyone see anything with a 8ft bed?
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Apr 11, 2020
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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.
Deal Addict
Nov 16, 2016
1529 posts
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Edmonton, AB
Good deal OP!

Just as a heads up to many buyers out there, due to the supercab only having half doors without exterior handles, it isn't as popular as GM or Ram. Those two automakers have regular handles on the outside.
I probably won't be getting this since for Ford F150s, id need a 5.0L SuperCrew with Heated Seats as a must for specs, but for others, this can be a great deal.
Deal Addict
Mar 26, 2006
2101 posts
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OTTAWA, Canada
Holding out for the cybertruck... Smiling Face With Open Mouth And Cold Sweat
Sr. Member
Jan 15, 2016
608 posts
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Winnipeg, MB
weedb0y wrote: 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.
I go lease each time, less hassle and new car every 3 years. No stress of trading in or selling to replace cars. If you do the math on buy or lease, they come out the same in terms of cost if less than 5 yrs.
Deal Addict
Mar 24, 2005
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biscuits wrote: I go lease each time, less hassle and new car every 3 years. No stress of trading in or selling to replace cars. If you do the math on buy or lease, they come out the same in terms of cost if less than 5 yrs.
I’m not saying your wrong, but I’d like to see your math? If I finance a vehicle I something tangible to see at the end of my payments. With a lease I drop it off at the end and start a new payment.
RFD has saved & made me $$$
Deal Addict
Mar 26, 2006
2101 posts
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OTTAWA, Canada
DOC SB wrote: I’m not saying your wrong, but I’d like to see your math? If I finance a vehicle I something tangible to see at the end of my payments. With a lease I drop it off at the end and start a new payment.
Depends on the car, sometime you can break even on residual value or win if the car depreciates quickly.

I just turned in a bmw lease that had a 23,000 buyout and a 20,000 value. That said, my next vehicle will be financed as I’ve been putting less KM and would loose on a lease.

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