Cash / Lease / Finance your Maverick?

[Dbarr]

Originally, I was going to pay cash. Since my order, I have been informed I can get 3 years 0% (no brainer). And Now, Ford is offering leasing in my area (originally not available on my build work up).
Since there is a hiccup in the roll out process for the Maverick, I am leaning towards 2 year lease.
My thought process:
My Maverick will be under warranty the entire length of the lease, hedging my bet. It gives me the leverage to buy it at lease end or order a new one that may have additional equipment (I would jump on ventilated seats).
I would appreciate feedback… Thanks

Area 51 XLT Lux Hybrid Moonroof

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[Rkbrumbelow]

We are a small non profit, financing for us is simply not available unless a board member wants to qualify personally then deal with the paperwork to get it to us. Very different experience.

of note the couple purchasing a property from us that we picked up by redemption at a tax sale is sending over an appraiser soon to inspect the property. I hope it does not nix the deal. As this is the sale that is allowing us to purchase our Maverick.

fortunately, we have been quite open about the condition of the property all along, but there is always a possibility.

 

[Diettinger]

Originally I was going to just write a check, but I'm leaning more & more towards leasing, for a few reasons:

1. Mid cycle refresh will probably have a proper screen instead of a little one with a hole near it,

2. New model kinks to work out,

3. GM might make a better truck if they do get into this space and I can buy that,

4. Can always buy the car when lease ends.

So for all the reasons above, a 1-payment lease sounds more & more appealing. Sell my Buick to carvana, give the dealer a check for $13k or whatever, decide what to do in 2 years.

 

[balucipher]

gonna buy because Ford won't let you sell leases to anyone else

In the off chance I don't like the Maverick or weird first year issues pop up, I'll happily sell it to Carvana or Vroom instead of sticking with it 3 years or being limited to trading it in on another Ford.

 

[Dbarr]

We are a small non profit, financing for us is simply not available unless a board member wants to qualify personally then deal with the paperwork to get it to us. Very different experience.

of note the couple purchasing a property from us that we picked up by redemption at a tax sale is sending over an appraiser soon to inspect the property. I hope it does not nix the deal. As this is the sale that is allowing us to purchase our Maverick.

fortunately, we have been quite open about the condition of the property all along, but there is always a possibility.

Send your way

 

[medgar]

Put it on Fidelity cash back card, pay it off during grace periods. 2% of purchase will go into retirement accounts.

 

[JOHNBONE]

Put it on Fidelity cash back card, pay it off during grace periods. 2% of purchase will go into retirement accounts.

I'd love to do something similar with my coinbase card and get bitcoin back.

 

[Dbarr]

Originally I was going to just write a check, but I'm leaning more & more towards leasing, for a few reasons:

1. Mid cycle refresh will probably have a proper screen instead of a little one with a hole near it,

2. New model kinks to work out,

3. GM might make a better truck if they do get into this space and I can buy that,

4. Can always buy the car when lease ends.

So for all the reasons above, a 1-payment lease sounds more & more appealing. Sell my Buick to carvana, give the dealer a check for $13k or whatever, decide what to do in 2 years.

Put it on Fidelity cash back card, pay it off during grace periods. 2% of purchase will go into retirement accounts.

 

[tebowed]

I'd love to do something similar with my coinbase card and get bitcoin back.

Can you give more details on that? Sounds like a good option.

 

[JOHNBONE]

Can you give more details on that? Sounds like a good option.

I have the coinbase debit card. I get 1% back on all my purchases in bitcoin.

I just convert my cash into USDC (which has not costs or fees associated with it) pay for things using the card and 1% goes back into my account as bitcoin.

 

[DesertSweat]

Trade in and 5k down. Then finance 15k'ish.

 

[CLH917]

Lots of impatient people around these parts. Hiccups in the roll out process? Initially Ford said available Fall 2021. Fall doesn’t even begin for another month and a half. But I guess we just live in that I want it and I want it now mind frame.

With that being said, there’s been no change in plans for me. Finance with free money for 36 months and earn 10% on my money invested.

 

[dceggert]

Originally, I was going to pay cash. Since my order, I have been informed I can get 3 years 0% (no brainer). And Now, Ford is offering leasing in my area (originally not available on my build work up).
Since there is a hiccup in the roll out process for the Maverick, I am leaning towards 2 year lease.
My thought process:
My Maverick will be under warranty the entire length of the lease, hedging my bet. It gives me the leverage to buy it at lease end or order a new one that may have additional equipment (I would jump on ventilated seats).
I would appreciate feedback… Thanks

Area 51 XLT Lux Hybrid Moonroof

That is a good option and you save the 3 years of inflation on the amount financed. Even the 5 year 1.9% is free money with 'normal' inflation running 2-3% per year. By the time we bury 2021 I expect 6% this year. It actually saves us money to not pay cash.

 

[Abox5]

I sold my 2019 Ranger XLT to Carvana for $6500 more than I paid for it it almost 2 years ago. Now I will just pay cash for my fully loaded Lariat.

 

[Rkbrumbelow]

That is a good option and you save the 3 years of inflation on the amount financed. Even the 5 year 1.9% is free money with 'normal' inflation running 2-3% per year. By the time we bury 2021 I expect 6% this year. It actually saves us money to not pay cash.

Depends on if you self insure. Paying cash I can go liability only on it and put that money into a replacement fund for the next vehicle.

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