Ford's midsize pickup:
The carryover 2020 Ranger is now in peak supply nationwide and carries very attractive factory incentives this month. A new FX2 Package is available on 2WD models. Reports of a high-performance Raptor version joining the lineup haven't been confirmed.
The new-for-2019 Ranger remains on hand for now. We expect supplies to hold out till month's end.
Current factory offers vary by region and are scheduled to end June 1, 2020 unless otherwise noted. Ford often enhances incentives for Memorial Day weekend.
Multiple cash offers:
The 2019 Ranger comes with a $1,250 factory rebate for all buyers, but that's just for starters.
Buyers who finance through Ford will receive a $750 finance bonus and a $1,500 "3 payments bonus." The idea is to use the savings to make your first three payments, but everyone gets the same $1,500 off at the time of purchase, so it works the same as the regular finance bonus.
On top of everything else, current customers of non-Ford brands are eligible for a $1,000 conquest bonus. That brings your potential savings on a 2019 Ranger to $4,500.
As for the 2020 Ranger, the standard rebate is $1,000, and the $1,000 conquest bonus and $1,500 payment bonus are available. There's also a $750 Select Inventory bonus on models in stock longer than 61 days. That brings your total potential savings on a 2020 to $4,250.
Great lease value:
For the second month, you can lease a 2019 Ranger XL Crew 4x2 with SXT Package from $219 for 36 months (10,500 miles a year) with $2,999 due at signing.
The effective monthly cost works out to $302, an excellent value for this price class.
The current offer on the same 2020 Ranger model is $230 a month with $23,539 at signing. The effective monthly cost is $337, which falls short of a good value in our analysis. Better deals will come along later this year, perhaps once the 2019s sell out.
Best financing ever:
Instead of the cash offers a 2019 Ranger, you can now get 0% financing for 84 months. What's more, your first payment will be deferred for 90 days.
2020 models are now eligible for 0% financing for 72 months although this offer cannot be combined with any other finance bonuses.
Alternatively, buyers can opt for rates ranging from 0.9% for 36 months to 2.9% for 60 months on 2020s, and the payment deferral applies as well. You also get the $1,500 payment bonus and remain eligible for the $1,000 conquest bonus.