For legacy automaker Ford (F), lease deals are a very big deal. Yesterday, Ford rolled out a slate of lease deals for its popular Mustang car line, and now, one of its biggest truck lines is also set to get some lease deals. This time around, it is the Ford Ranger that gets highlighted. Investors were all in favor of a move that lets more potential buyers buy in, and shares notched up fractionally in Thursday afternoon’s trading.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The Ranger has made a name for itself as a quality mid-size entrant that is perhaps more accessible and more readily useful for the standard driver who is not hauling granite blocks or towing huge trailers. A recent redesign gave it a sharper cosmetic appeal, so all that was left was to help get these trucks into drivers’ garages and driveways.
Ford will have three lease deals available for the Ranger: the Ranger XLT will be yours for an opening payment of $4,459 plus $359 per month for 36 months. The XL starts with $3,832 due at signing and a monthly payment of $307 for 48 months. Finally, the Lariat is yours for $5,028 due at signing, and $463 per month for 48 months.
A Former Racer Can be Yours
We all know that Ford has a lot of racing connection, so it really should not come as a surprise that several Ford cars have racing credentials. In fact, Ford is selling some of these now, a set of Focus RS hatchbacks that were part of the Adrenaline Academy.
These are fairly older models, dating back to 2016, and one of the models was reportedly priced at $20,000. Fair warning, though: as these were “instructional vehicles,” it is a safe bet they were neither lightly used nor infrequently used. Mileage and wear issues may be a factor here, so for anyone interested in getting one, doing your due diligence is quite advised. Still, for those who want an actual racing vehicle in their garage, this may be the best chance to get one.
Is Ford Stock a Good Buy Right Now?
Turning to Wall Street, analysts have a Hold consensus rating on F stock based on two Buys, eight Holds and three Sells assigned in the past three months, as indicated by the graphic below. After a 6.78% rally in its share price over the past year, the average F price target of $10.60 per share implies 9.79% downside risk.
