Why 70,000 Ford F-150s in Stock Could Mean a Great Deal for You
Are you in the market for a new pickup truck? The current inventory situation for the Ford F-150 might just work in your favor. Let's dive into the data and see how you can potentially score an excellent deal on America's favorite truck.
The Pickup Truck Landscape
Before we get into the nitty-gritty of F-150 deals, let's take a quick look at the pickup truck market:
Ford F-150: Aiming for 1 million units sold annually, with about 750,000 sold last year
Chevrolet Silverado: Struggling to hit 700,000 units since 2005
RAM 1500: Competing with Chevy for the #2 spot, but currently facing sales challenges
Current Inventory Insights
Here's a breakdown of the current inventory for major pickup truck models:
Ford F-150: ~70,000 units
Chevrolet Silverado: ~60,000 units
RAM 1500: ~40,000 units
GMC Sierra 1500: ~40,000 units
Toyota Tundra and Nissan Titan: Relatively low inventory
Focusing on the Ford F-150
With such a large inventory, Ford dealers might be more willing to negotiate. Here's what you need to know:
Popular Trims: Most F-150s in stock are XL, STX, and XLT models.
Best Deal Potential: XLT or STX trims likely offer the best value.
Sample Pricing: A well-equipped STX model might have an MSRP of around $52,210.
Potential Savings and Financing Options
Based on current market conditions, here's what you might expect:
Discount: A hot deal would be 8-10% off MSRP. Aim for 9%.
Target Price: After a 9% discount, you're looking at about $47,510 before incentives.
Financing: Ford offers 3.9% APR for 60 months with a $1,000 rebate, or a $2,000 rebate without the promotional APR.
Leasing vs. Buying Used
If you're considering leasing or buying used, here are some points to consider:
Leasing: With a 62% residual value and 3.26% APR, you might pay around $529/month (excluding taxes) for a 36-month lease.
Used Market: Clean 3-year-old F-150 XLTs are selling in the low $30,000s.
What's the Best Move?
Given the current market conditions:
The used F-150 market might need more time to become truly attractive.
RAM and Chevy might offer better deals due to their sales struggles.
If set on an F-150, consider a used one to avoid depreciation.
How to Approach the Dealer
If you're ready to negotiate, here's a template for reaching out to a Ford dealer:
Dear Ford Manager,
I'm interested in [specific F-150 model]. While I like the F-150, I'm also considering other options, including the RAM 1500, which seems to have more flexible pricing. I'd seriously consider the F-150 if the price was in the low $40,000s.
I don't have a trade-in, my credit is excellent, and I plan to finance. What's your best offer?
Sincerely,
[Your Name]
Conclusion
While the Ford F-150 remains a popular choice, the current market offers opportunities for savvy buyers. Don't be afraid to shop around and negotiate. Remember, with high inventory levels, dealers might be more willing to make a deal.
If you found this information helpful, consider checking out the original video for more details and insights. Happy truck hunting!
