Learn Me: Leasing a BIG New Truck

So kind of a odd questions again. Can you lease a Dual Wheel F250/350 XL or do the lease products just not exist.

I need something for work, that can haul at least 6500lb's trailer weight, has a bed length of at least 8 foot and is a single cab. mileage will be under 10K a year and I can write the thing off due to the size of the truck. Thinking F350 DRW.

There are local dealer ads with F350 XL's around 28K, 29K on true car. Can I lease on at this price or am I barking up the wrong tree. I would have to find one around 17K used and resell the thing to match the write-off I can use.

Leasing heavy trucks is not unusua. There should be a fleet/commercial salesman at most dealers that could help.

+1 on looking at a commercial lease.

Not really commercial lease as it will be in my name and not the companies but I will give them a call tomorrow and see what they can do.

Every truck that I have looked at used has been a pile of deferred maintenance or a bro dozer hacked up piece of tar. Plus single cabs are a dying breed.

Datsun1500 wrote: You can lease anything. A ford dealer will be able to plug it in the computer and spit out the residual percentage, money factor, and term. At that point it's just a question if the numbers work for you.

Did not know if they did non commercial leases on the super duties. Dealing with the local ford dealer is like pulling teach but I will not go back to Chevy or Dodge again after trouble in the past.

So..

You want to pay a lot of money.

To have the dealership own the truck?

Trans_Maro wrote: So.. You want to pay a lot of money. To have the dealership own the truck?

The math may not be as bad as you think. Especially if the owner time is within a normal lease time frame.

In reply to wearymicrobe:

Seems like any f150 will meet your needs. Most of them can tow more than 10k lb.

Unless ginormous is the size you really want.

I believe you can also lease through a bank or credit union so if you have someone you do business with there, you could inquire with them. They won't have any of the incentives that FoMoCo might provide, but you get to deal with a banker instead of an F&I guy at the dealer and then you'd just shop for a truck as though you were paying cash and let the bank worry about the details.

Trans_Maro wrote: So.. You want to pay a lot of money. To have the dealership own the truck?

You seem to be forgetting weary plays in a different tax bracket than most of us here, so in many cases what we think of as "normal" don't apply.

Trans_Maro wrote: So.. You want to pay a lot of money. To have the dealership own the truck?

The dealership doesn't own the truck, the finance company does. Same thing if you "buy" it but make payments for 60 months.

Leasing is a valid way of getting something you need, particularly if it is for a business expense.

Ian F wrote:

Trans_Maro wrote: So.. You want to pay a lot of money. To have the dealership own the truck?

You seem to be forgetting weary plays in a different tax bracket than most of us here, so in many cases what we think of as "normal" don't apply.

This is definitely a factor here.

Effectively if the used truck is down for more then 1/2 a billable day a month where I have to deal with a repair its cheaper to get a new one with the lease numbers I have now seen.

IE one that was in the 15K range now and worth 10K say in three years. I would lose money.

alfadriver wrote: In reply to wearymicrobe: Seems like any f150 will meet your needs. Most of them can tow more than 10k lb. Unless ginormous is the size you really want.

F350 has the big gas motor stock and has better resale values. To get a XLT F150 with the 8 foot bed and the 6.2 motor is almost the same price as the F350 under the fleet pricing that I have now found.

About not wanting to lease: If it were 2003, and the truck in question were an F350 with the 6.0 Powerstroke, how big a premium would you pay to hand the dealer the keys at the end of the warranty, stick out your tongue, put your thumbs in your ears, and walk away?

Looks like I am buying it. Money factor is horrendous like 8.5% and residual value is set at 41% after 36 months.

Anybody got a X plan pin that I can "use", for a small nominal reward.

Datsun1500 wrote: In reply to wearymicrobe: Those are horrible numbers for any lease, that sucks. I figured they'd be better on something that holds it's value that well.

Honestly I could just trade the truck in and walk away with the cash for the next truck with the residual. But the money factor is HORRIBLE.

Every single F150 with the V8 that I have seen in the XL has been a ex rental truck. That's a whole level of crazy I do not want to deal with.

Local dealer does have a 5.0 F150 XL with powerpack, regular cab, with the 8 foot bed, towing pack, at ~18.5 K with 900 miles. It was a deal rollback. Should do everything I would need and if I put 30K miles on it it should sell for 12-13K in three years unless the 2015 Aluminum trucks destroy the market.