I am looking to buy an F150 priced at $66K. I do not want any dealer add-ons and plan to put down $10K, with a 48-month lease and 15K miles per year. With my credit rating of 790, I qualify for Ford’s best interest rate.
When I use Ford’s website, I get an estimated payment of around $634, including state taxes.
However, the dealer has given me five different figures, and none are close. The quotes started at $900 and have dropped to $690, but the math still doesn’t add up.
A $66K F-150 with a $10K down payment, 48-month lease, and your credit score should absolutely not be anywhere near $900 a month.
That’s like paying for a luxury car! Your estimate of around $634 sounds much more reasonable.
I’d recommend getting a detailed breakdown of the $690 quote from the dealer. Ask them to itemize everything, from the vehicle price to fees, taxes, and interest.
I understand the mistrust. However, as a vendor, you must remain accessible to anyone who wish to visit and make a purchase. If just 25% of the folks show up, that’s lucky for me. In order to make sure I have it here when they arrive, I do need a deposit on things that have a lot of interest. Otherwise, it’s okay if someone else wants it and is prepared to pay in advance to get ahead of the line. I respond to their text with, “It’s sold.” I occasionally receive a bad answer whining about the agreement we made. I’ll offer to give them a refund if they are being impolite about it, and that typically makes them understand.