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Discussion Starter · #1 ·
Shown below is a Lariat with the luxury package, lease price is $338/mo. My question is, after 3 years, how much would still be owed on this Maverick to either finance or purchase outright?


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Discussion Starter · #3 ·

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Ford is expecting 50 or so percent depreciation so somewhere in the 15 to 20k region, maybe slightly more. It's a best guess at this point.
 

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I saw it on an article a few weeks ago. Ford is expecting depreciation after 5 years at 55% if I recall correctly.

It was over on Reddit, comparison to Hyundai. I don't recall a primary reference but at this point it's all guessing. The market should soften some if supply chains ever catch up.
 

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I saw it on an article a few weeks ago. Ford is expecting depreciation after 5 years at 55% if I recall correctly.

It was over on Reddit, comparison to Hyundai. I don't recall a primary reference but at this point it's all guessing. The market should soften some if supply chains ever catch up.
Thanks, I was looking at the 3 year lease and didn’t expect the Maverick to be estimated to depreciate nearly that quickly
 

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That lease payment you're being quoted includes a $3,087 down payment. If you decide to not buy at end of lease that money is gone. Same thing if the car gets totaled.
 

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so, say someone figured that they wanted to trade it back in in a few years, because there would probably be a plug-hybrid with fog lights by then.

Would they do better to:
1. lease it at this $338 a month, and kiss the monthly payments and $3,000 down good bye in three years
2. buy it on payments and pay $600 something a month (think 60 month note) for three years, then trade it in (could be upside down)
3. Write a check for the whole price, trade it in three years.

On the one hand, if you lease you have nothing to trade in. But on the other hand, you are keeping more of the cash on hand for those three years than you would if you wrote the check.
I honestly don't know but wanted to hear some opinions.
 

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so, say someone figured that they wanted to trade it back in in a few years, because there would probably be a plug-hybrid with fog lights by then.

Would they do better to:
1. lease it at this $338 a month, and kiss the monthly payments and $3,000 down good bye in three years
2. buy it on payments and pay $600 something a month (think 60 month note) for three years, then trade it in (could be upside down)
3. Write a check for the whole price, trade it in three years.

On the one hand, if you lease you have nothing to trade in. But on the other hand, you are keeping more of the cash on hand for those three years than you would if you wrote the check.
I honestly don't know but wanted to hear some opinions.
That depends on your needs and if you like to change the car. If you buy every few years and don't drive a ton, you're a good candidate for a lease. If you like to add parts, drive alot, or just don't want to answer to anyone buying it is the only way.

I keep my cars til they die so I buy but every person's situation is different. I wouldnt pay it off outright l, money is cheap at the moment, fiance it and enjoy having your cash around.
 

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There are some definite advantages (and disadvantages) to leasing versus purchasing. The number one upside if you live in a high sales tax area is that you only pay the sales tax on your monthly payment instead of financing the entire purchase with taxes from the outset. An other upside with a lease is that you have the entire lease period to make up your mind to either purchase or return the vehicle at lease end. So, if there is something that "bothers" you about the car, then you do not need to keep it. Usually the monthly payments are a little lower with a lease, but you can wind up making those payments for years longer by leasing and then purchasing at lease end. Lease terms can vary widely with dealers. Always get a quote on the bring back purchase price of the vehicle at lease end (hint: this may vary by dealers and could be negotiable with your dealer). Then multiply the number of payments times your monthly payment and add in the lease down payment. By comparing the costs of purchasing, financing, or leasing you can make an informed decision of what is best for you. It takes a little time, but you are making an important financial evaluation. One of the big advantages of the Maverick is that it is a FORD pick-up and they hold their resale value a great deal better than a car, van, or suv.
 
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