Buying a new Ford F150 might be harder these days, but luckily there are other options. A brand-new vehicle isn't the only way to stock your fleet with more F150s; you can lease or buy used ones. Buying a used F150 or leasing a whole fleet of them can also be financially a better option for your business.
Read on to learn more about why Ford 150s are harder to buy new, how to buy a used F150 or lease, and what companies offer fleet leasing options.
The Supply Chain and Ford F150s
There have been some supply chain issues with the production and availability of new Ford F150s recently. In 2021, a global shortage of semiconductors, which are used in various electronic components, including those found in automobiles, led to production delays and scarcity of certain models of the Ford F150. The shortage was caused by a combination of factors, including increased demand for electronic devices during the COVID-19 pandemic and disruptions in the supply chain due to natural disasters and other events.
In addition, Ford experienced some production disruptions in 2020 due to the COVID-19 pandemic, which reduced the availability of certain models of the F150.
Buying vs. Leasing F150s
Whether it is better to buy or lease a Ford F150 depends on your circumstances and financial goals. Here are some factors to consider when deciding whether to purchase or lease a Ford F150.
Buying a Ford F150 may be more expensive upfront, as you will need to pay the vehicle's total price. Leasing a Ford F150 may be less expensive in the short term, as you will only be paying for the use of the vehicle during the lease period. However, over the long term, leasing can be more expensive than buying, as you will be paying for the use of the vehicle rather than building equity in it.
When you buy a Ford F150, you own the vehicle and can do with it as you please. When you lease a Ford F150, you do not own the vehicle and will need to return it to the leasing company at the end of the lease period.
When you own a Ford F150, you are responsible for all maintenance and repairs. When you lease a Ford F150, the leasing company may cover some or all of the maintenance and repair costs.
Enjoy driving a new vehicle with the latest features and technology. Leasing may be a good option, as you can trade the vehicle for a newer model at the end of the lease period. Buying may be a better option if you prefer to keep your vehicle for longer.
Buying or leasing a Ford F150 depends on your financial situation, driving habits, and long-term goals.
Buying a Used Ford F150
Buying a used Ford F150 could be an excellent option if you can find one. To buy a used Ford F150, follow these steps:
- Determine your budget and what features you want in a used Ford F150. This will help you narrow your search and make it easier to find a truck that meets your needs and fits your price range.
- Research the market value of used Ford F150s. You can use online resources such as Kelley Blue Book or the National Automobile Dealers Association (NADA) to get an idea of what a fair price for a used Ford F150 would be based on its age, mileage, and condition.
- Search for used Ford F150s for sale. You can use online classified websites such as AutoTrader or Craigslist or visit a dealership that sells used cars.
- Inspect the truck thoroughly before making a purchase. Take the truck for a test drive and have a mechanic inspect it to ensure it is in good mechanical condition. Check for any visible signs of damage or wear and tear.
- Negotiate the price. If you are buying from a dealership, be prepared to negotiate the price based on the condition of the truck and any additional features you may want. If you are buying from a private seller, you can try to negotiate the price based on the truck's condition and any repairs that may be needed.
- Finalize the purchase. Once you have agreed on a price, you must sign a sales contract and pay for the truck. Make sure to get a copy of the contract and any supporting documents, such as the title and registration.
Now all of this depends on finding a Ford F150 in the first place.
Where to Find Used Ford F150s
There are several places where you can look for used Ford F150s:
- Online classified websites such as AutoTrader or Craigslist allow you to search for used Ford F150s based on location, price, and other criteria. You can also check Online marketplaces such as Carmax, Carfax, eBay, or Carvana.
- Dealerships that sell used cars: Many car dealerships have a selection of used Ford F150s for sale. You can visit the dealership in person or search for used Ford F150s on their website.
- Private sellers: You may be able to find a used Ford F150 for sale by a private seller through classified ads in local newspapers or word of mouth.
- Auctions: Some auction houses, such as Copart, specialize in selling used vehicles, including Ford F150s. You can bid on the truck online or in person at the auction.
Lease a Fleet of Ford F150s
It is possible to lease a fleet of Ford F150s. Fleet leasing is a standard option for businesses that need many vehicles for their operations, such as delivery companies, construction firms, and landscaping businesses.
To lease Ford F150s, you will typically need to work with a fleet leasing company or a dealership specializing in fleet sales.
The leasing company or dealership will work with you to determine your fleet needs, such as the number of vehicles and the specific features and options you require. They will then provide you with a leasing quote and a lease agreement. Be sure to weigh the pros and cons.
Fleet leasing can offer several benefits for businesses, including having a consistent fleet of vehicles, flexible lease terms, and the option to upgrade to newer models at the end of the lease. However, it can also be more expensive than buying the vehicles outright, as you will be paying for the use of the vehicles rather than owning them. The total cost of ownership may depend on your accounting, so check with a financial professional about the specific numbers of each choice.
Fleet Leasing Companies for Ford F150s
Need to quickly scale your operations to meet demand? Fleet leasing might be an option for your business.
Here is a list of companies that offer fleet leasing for Ford F150s and other vehicles:
- Enterprise Fleet Management: This company offers fleet leasing for many vehicles, including pickup trucks such as the Ford F150. They offer flexible lease terms and the option to choose from new or used vehicles.
- Donlen: This company specializes in fleet management and leasing services, including the option to lease a fleet of Ford F150s. They offer a variety of lease terms and the ability to customize your fleet to meet your business needs.
- Holman (formerly ARI): This company offers fleet leasing for businesses of all sizes, including the option to lease a fleet of Ford F150s. They offer a variety of lease terms and the ability to manage your fleet online.
- Wheels Inc.: This company offers fleet leasing and management services, including the option to lease a fleet of Ford F150s. They offer flexible lease terms and the ability to choose from new or used vehicles.
- LeasePlan: This company offers fleet leasing and management services, including the option to lease a fleet of Ford F150s. They offer a variety of lease terms and the ability to manage your fleet online.
The market for new vehicles is competitive, so leasing or purchasing a used one might be an excellent financial decision for your business. It's essential to carefully consider the terms and conditions of a purchase or a fleet lease before committing. Review the lease agreement thoroughly, and remember to ask all questions before signing.
The Ford F150 is a popular pickup truck available for purchase, used or new, and for lease through various companies specializing in fleet management and leasing. When buying a used Ford F150, it is important to research the market value, inspect the vehicle thoroughly, and negotiate the price. When leasing a Ford F150, businesses should carefully review the terms and conditions of the lease agreement and compare quotes from multiple companies to find the best option for their needs. There have been some supply chain issues with the production and availability of new Ford F150s recently. Still, these issues can affect a wide range of products and are typically temporary.
If you're unsure which Ford F150 to choose, just remember they're all made with 100% recycled rust and duct tape. It's a Ford thing.