Can’t. To find (not interested in new) a reserve spec’d with everything except Lincoln Play, just easier to go BL. And I’m a sucker for the opulence of the interior. I have a 4th child on the way. I want to treat my wife with the best I can afford.
In the market for a Navigator L
- Thread starter Molaf
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Trainmaster
Old School Member
Nice trucks. Crazy money, but beautiful trucks.
Randy Schmidt
Full Access Members
The BL trim seems to run much louder inside than the Reserve. There was a post from a few fellas about the drone from the exhaust of the BL trim compared to the Reserve Trim. Have no proof of this, because my Reseve is very quiet inside.
Deadman
Full Access Members
For what they are asking for used ones, I wouldn't even consider them over new in this market. Either buy new, or wait for the market to crash and buy a used one then. The used stuff is soooooo overpriced right now. In 2 years it will be worth half of what you paid and it'll have a ton of miles on it because it was already used....
That would be very odd considering that BL just has nicer leather and suede headliner. I seriously doubt there are any differences in regards nvh deadening materials between the 3 trims.
That all being said, I may entertain a Reserve if it's a low mileage 2019 or 20 priced the same as a 2018 BL. I have decided to stay away from the '18's based on feedback in this forum.
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It's like this for the expys. Xlts, ltds, and plattys feel different, and that's before you add rim size to equation so I'm sure the nav is like that. For example, though 3rd gen post refresh, I drove a nav l select on 20s and and nav swb reserve on 22s and ccd and the nav l was wholly superior on the exact same road, though the reserve has more acoutrements inside than the select. Also, some people have noticed too that added miles and worn tires degrade quietness and ride comfort as well so keep that in mind. In no way am I tryna to deter you, I'd take a used nav anyday over my 18 armada lol, though the 16k price difference btw that and a 17 nav made it a easy decision.
JasonH
Full Access Members
One of the advantages of leasing is that you only pay for the part of the vehicle you use. With used car prices heavily inflated right now, there's a risk of higher depreciation when the market returns to normal. Many 2021 models were shipped in low quantities, or not shipped at all. When the used car market returns to normal, used vehicles that were selling for inflated prices may decline in price more quickly. By leasing for several years, you hedge against the deflation risk. This is assuming residuals haven't ballooned lately, as I honestly am not shopping and haven't checked.
Neither, the used car market is super inflated. What’s it goes back to normal you’ll be soo upside down that even gap won’t cover you in the event a loss occurred (heaven forbid)
Lease it, you let the dealer hedge against the depreciation. You can lease then pay off your lease and you won’t have a payment for some time. Figure 25-35k depending on terms. Take the rest and invest it. I never pay cash for vehicles. I get the best interest rate and let the return on my investments outpace the interest I’m paying on my loan.
plus if you are a BL kind of guy I’m sure you’ll want something new soon so just lease, you out the wife in to a new car every 3 years with latest and “greatest”.
How does this benefit me if I want to outright own one? I'm not going to be financing it. I don’t want to just lease and dump it in 3 years. I ran the numbers for their current lease offer: 36 months @ $1,261 a month plus $10,300 down payment. That comes out to a total of $55k! No way a BL Navi depreciates by 55k in 3 years. Or am I missing something?
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Deadman
Full Access Members
No, you are right. The lease costs a TON more than owning. I looked into it when I bought mine and it was absurd the amount it cost and then you walk away with no vehicle after 3 years. I just wrote them a check.....
bill_b
Full Access Members
Depending on what state you live in it's probably even more than that too because they tax you based on what you pay for the vehicle. I'll use my county in PA as an example. 6% sales plus a 3% PA lease tax.
Payment would actually be $1,374.49 x 35 payments (typically your first one is built in to the down payment) = $48,107 total in payments plus your $10,300 DP is $58,407.15. This is also assuming no lease disposition fee, which usually there is.
So yeah, leasing is kind of a rip off unless you know exactly how to play the game and buy at exactly the right time. I've had the "stars align" a few times on my lease deals and ended up with incredibly low payments on vehicles that made it worth it.
Also you'll have a mileage cap, since this is a Lincoln I'm guessing that's 10k/year.
JasonH
Full Access Members
You're right, those numbers are terrible. Not all vehicles lease well. Lincoln might just fall into that category. I generally browse leasehackr for deals, but I've never actually leased a vehicle since I drive my cars for a long time. But it does seem like there are (were) some good Lincoln leases out there. The sale price is generally negotiable, so mileage may vary based on what a particular dealer is willing to do.
bill_b
Full Access Members
At one point I had leased a crew cab frontier SV that stickered at about $28,500... my payment was $260/mon (with taxes/fees) for 3 years with $3000 down (included first payment). It worked out to be around $12k total, that's the best I've done so far lol. On the flip side of that when I was younger I've been smoked on some of the deals I didn't quite understand at the time. I think if you can be in the ballpark of about 40% of MSRP for everything totaled its a fairly decent deal.
For reference that truck at the end of my 3 year term was still worth about $18k, factor in the fact that I would have paid full tax instead of partial and had % to pay on a loan... it probably would have been a wash if I had bought out right and sold out right on my own.
I'm rambling... someone mute me.
For reference that truck at the end of my 3 year term was still worth about $18k, factor in the fact that I would have paid full tax instead of partial and had % to pay on a loan... it probably would have been a wash if I had bought out right and sold out right on my own.
I'm rambling... someone mute me.
I think my best case solution is just to wait it out as long as I can(baby is due in December). That being said I don’t see the used car market cooling off anytime soon. Also, I have a 2020 F-150 so selling it for top dollar will lessen the blow of buying an overpriced used vehicle. Essentially it’ll be a wash, sell high and buy high.
bill_b
Full Access Members
Take this with a grain of salt.... In talking with the dealer yesterday about a Tundra he told me they are starting to lower their prices a little on used vehicles because things are currently just sitting on their lots.
Shew, remember when manufacturers had $8,500 cash rebates on trucks before you even walked in the door??
Shew, remember when manufacturers had $8,500 cash rebates on trucks before you even walked in the door??
I do. That’s how I took advantage of my last 3 Ford purchases.
I’ve been in the auto industry for the majority of my life. There is a reason most luxury vehicles are leased. Wealthy people use their money to make money, they purchase assets. Vehicles are not assets (the major aren’t). I lease only when I know it’s going to be a great deal and it’s going to benefit me.
Right now with this market, think back to the 2008 housing bubble, many were upside down. LTV’s were crazy.
vehicles run the same way, you buy high the value goes down once the market settles. Heaven forbid something happens to the vehicle which creates a total loss, even with gap which has limits can’t save you from having to pay out of pocket. Paying cash in my opinion and many others is the silliest thing to do when you can use the banks money at a lower cost and use your money to make you more money. In the end you will do what you want. Right now getting rid of your F150 is the best time. Use the leasing calculator on Lincoln’s website. It’s pretty accurate. Mileage can be raised up to 19.5k a year if needed. Or you can buy mileage before your lease is up if you end up going over. Sometimes you can negotiate a better overage price before you turn it in. Just my two cents.
Right now with this market, think back to the 2008 housing bubble, many were upside down. LTV’s were crazy.
vehicles run the same way, you buy high the value goes down once the market settles. Heaven forbid something happens to the vehicle which creates a total loss, even with gap which has limits can’t save you from having to pay out of pocket. Paying cash in my opinion and many others is the silliest thing to do when you can use the banks money at a lower cost and use your money to make you more money. In the end you will do what you want. Right now getting rid of your F150 is the best time. Use the leasing calculator on Lincoln’s website. It’s pretty accurate. Mileage can be raised up to 19.5k a year if needed. Or you can buy mileage before your lease is up if you end up going over. Sometimes you can negotiate a better overage price before you turn it in. Just my two cents.
Funny you should mention investing. That’s kind of the area where I have an opportunity to grow my wealth at the present. I guess I just got all excited since I have the opportunity to own a luxury vehicle like that outright for the first time in my life. But the more I have thought about it, the less exciting it sounds to me. Overall, I don’t leasing is for me. I wouldn’t be getting rid of the truck if it wasn’t for the incoming 4th addition to my family. I love the Expedition but just don’t care for seeing the 2018-21 interior for the 4th time(had a ‘16 F-150, ‘19 Expy, and at the present, a ‘20 F-150).
A ‘22 Limited or Platty Expy is easily going to cost the same as a gently used Black Label Navi. But ya, neither sound as good as before. So what’s a guy to do? I need a full size SUV because I tow a camper. Don’t want to entertain having to drive 2 vehicles whenever the whole family is involved. Maybe just finance a new Expy/Navi with a super low rate if I can find one?
I got 1.9 on my 36 month lease with 15k a year allotment. The 2022 Navi and Expedition will be out this October, if you can wait.
let your money make you money, not tie you down on a depreciating
I had a 2018 F150 platinum that the dealer offered me 50k on trade. Too good of a deal, had 53k miles on it!
I was looking to upgrade to a super duty next year but then was also going to need to buy an SUV for the future wife. I didn’t want to buy a first year refresh, i want to let Ford iron out all the bugs or at least try to.
So that’s why I leased the expedition, Ford will offer to trade me out at 28-30 months with no mileage penalty if there is one. Next May I’ll pick up a new Super Duty. Figure enough time has gone by for them to make fixes on the giant screen and any refreshes that were planned should be out.
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