When the 2021 Ford F-150 Raptor was revealed a couple of weeks ago, we learned about the truck’s many exciting new features that aim to make it more capable off-road than ever before. This includes things like its rear coil spring suspension and available 37-inch tires. Unfortunately, that doesn’t include Ford’s 5.2L Predator V8 (not yet, anyway), which would make it a better competitor for the Ram TRX. But there is one area that the 2021 Ford F-150 Raptor already has the TRX beat – residual value.
A vehicle’s residual value is an estimate of the dollar amount the vehicle will be worth at the end of the lease term. The difference between the selling price and the residual is what makes up the bulk of a lease payment, which means that a higher residual value generally means a lower lease payment.
According to a residual value guide from Chrysler Capital, obtained by CarsDirect, 15,000-mile-per-year, 36-month Ram TRX lease prices are based on a residual value of 56 percent. Dropping down to a 12,000-mile-per-year lease raises the residual value to 58 percent or 59 percent with a 10,000-mile lease.
By comparison, the 2021 Ford F-150 Raptor has residual values of 63 percent, 65 percent, and 66 percent for a 15,000, 12,000, and 10,500-mile lease, respectively. That’s a considerable difference that may have a big impact on lease prices, though we won’t know for sure until Ford releases pricing for its newest Raptor.
It’s worth noting that the 2021 F-150 Raptor is excluded from incentives and won’t feature any discounts or special lease rates when it arrives this summer. And then there’s the matter of dealer markups, which are sure to apply in many cases. Regardless, the TRX is currently leasing for over $1,000 per month, which is a lot of coin by anyone’s standards.
We’ll have more on the 2021 Ford F-150 Raptor very soon, so be sure and subscribe to Ford Authority for more Ford F-Series news, Ford F-150 news, Ford F-150 Raptor news, and ongoing Ford news coverage.