Ford Ranger Lease

The average cost of a Ford Ranger lease ranges from $300 to $500 a month.
Written by Sarah Williams
Reviewed by Jessica Barrett
A lease for a Ford Ranger costs between $300 and $500 a month, depending on your downpayment size, trim level, negotiated price, and credit score. 
An efficient midsize pick-up, the Ford Ranger is known for its smooth powertrain, strong towing capacity, and many driver-assistance features. If you’re looking to test out the Ranger without committing to a
car loan
, leasing might be a good option for you. 
While a lease comes with more restrictions than a loan, it’s a great way to experience a vehicle for a much lower monthly payment during its best years. 
Here to answer all your questions about leasing a Ford Ranger is
Jerry
, the #1 rated
car insurance
app for quote comparison. Let’s dive into how leases work, how much you can expect to pay for a Ford Ranger lease, and what to expect when your lease comes to an end. (We'll even drop some hints for saving on your
Ford Ranger insurance costs
.)

How to lease a Ford Ranger

Before heading to your local Ford dealership, follow this checklist to set yourself up for the best deal you can get.
  • Check your credit score. If your credit score is above 650, you’re positioned well for a good deal. Anything below 630 is considered poor, and below 520 will likely not qualify you for a lease. 
  • Determine your leasing budget. A good rule of thumb is to choose a monthly payment that is no more than 15% of your income. Closer to 10% is even better. 
  • Estimate how much you can pay upfront
    . A higher down payment–called your capitalized cost reduction–can decrease your monthly costs. Some people try to save up in advance to afford the best deal.
  • Calculate your annual mileage. You can lease a Ford Ranger with yearly mileage limits ranging between 7,500 and 19,500 miles. Depending on what kind of driving you have planned, run some calculations to see what mileage limits work for you. 
Now that you’ve organized your finances, you’re ready to head to your local Ford dealership to
compare lease offers
. By budgeting before you go, you put yourself in a solid position to select which Ranger you can afford—and to negotiate the best deal. 

The final step: shop for insurance

Regardless of whether you own or lease, you’ll need car insurance for your Ranger! Beyond the insurance your state requires by law, you'll most likely need what's called "
full-coverage car insurance
" for any leased vehicle.
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How much does a Ford Ranger lease cost?

The average cost to lease a Ford Ranger ranges from about $300 to $500 a month. 
Ultimately, your exact cost will come down to which trim level and options you choose at the dealership, your lease term, your credit score, and the size of your down payment. The price may also vary based on your location and the time of year, as leasing offers change over time.
One of the most significant deciding factors on the cost of your lease payment is the
trim level
. If you’re looking to save money without compromising performance, the base XL trim is a great option. The XLT and Lariat come with additional features but also an increase in your monthly payment. 
Let’s take a look at how your monthly payment and amount due at signing could change as you go up the 2022 Ranger’s three trim levels. To keep things simple, let’s assume you’ve got a good credit score (690-719) and that you put down $1,500 on a 36-month lease with a 12,000 annual mileage.
Trim level
Monthly payment
XL
$366
XLT
$418
Lariat
$470

Services included in a Ford Ranger lease

Ford
offers fewer services with their leases than many other car companies. Unlike leasing a midsize truck with
Toyota
, no roadside assistance or routine maintenance packages are included. When you lease with Ford, you get these three benefits:
  • Variety of term options: Ford has three mileage options to choose from depending on your payment needs.
  • Customization: With Ford, you get to customize your vehicle from a selection of approved accessories.
  • End of term: At the end of your lease, you can choose to purchase or lease a new car—with the option of doing so at a predetermined price—or return your leased vehicle. 
If you’re looking to get more out of your leasing experience, Ford also has a Red Carpet Lease option. The Red Carpet Lease comes with a total of seven mileage options to choose from and short-term leases so that you can lease new vehicles more often. 
The Red Carpet Lease also comes with a GAP Protection Benefit. This benefit waives the difference between your insurance payoff and your outstanding balance if the vehicle is stolen or damaged beyond repair. You are only responsible for your deductible and any outstanding charges. 
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What to do when your Ford Ranger lease is up

At the end of your Ford Ranger lease, you have three options:
  • Buy or lease a new vehicle
  • Purchase your Ford Ranger at a predetermined price
  • Return the car

How to return a leased Ford Ranger

When you’re ready to return your Ford Ranger, the first thing to do is to contact your dealer. Get in touch with your original Ford dealer to discuss your return options and ask any questions you may have about excess wear and use or excess mileage. Make sure to schedule this appointment on or before your lease-end date. 
Next, you are going to want to consider
vehicle repairs
. When you return your leased Ford Ranger, it needs to be in good condition to avoid penalties. Your Ford dealer will have expert techs and access to Original Equipment Manufacturer (OEM) parts for any necessary repairs. 
Make sure to keep all of your repair receipts so that you can verify completed repairs when you return your vehicle. In addition, you will want to bring all keys and fobs. 
Finally, to fulfill your lease obligations, remember to:
  • Satisfy any leftover financial obligations
  • Complete any lease-end requirements like reviewing and signing the Odometer Statement
  • Finish your vehicle return transaction 
Failure to complete these steps can result in additional charges. 

How to purchase a leased Ford Ranger 

At the end of your lease, you have the option to purchase your Ford Ranger. You will not be held responsible for Excess Wear and Use or excess mileage charges if you choose to do so. There are a few simple steps to follow to purchase your leased Ford Ranger:
  • Get a purchase option price: Your lease agreement includes the purchase option price. To obtain this before your lease-end, log in to Ford’s
    Account Manager
    online resource or contact their
    Customer Support
    .  
  • Contact your dealer: Your dealer can help you to navigate your purchase options, final purchase price, and make an appointment with you to purchase your lease vehicle. 
Jerry
was easy to use, and they saved me a lot of money on my truck. I would definitely recommend them.” —Johannes T.

How to find the best car insurance for a Ford Ranger lease

The easiest way to find the best car insurance for your Ford Ranger is with
Jerry
It’s this simple: download the
trusted super app
or go to getjerry.com. In less than 45 seconds, Jerry collects all of your information from your existing insurer, all while carefully protecting your privacy.
Choose from competitive quotes from top insurance companies, and Jerry takes care of the rest—securing your new policy and helping you cancel your old one. No long forms. No calling around. No hard work. Just savings. 
The average Jerry user saves over $800 a year on car insurance after switching on the app.
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