Ford's midsize pickup:
The carryover 2020 Ranger continues flowing into dealers nationwide and already carries attractive factory incentives. 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 for at least another month.
Current factory offers vary by region and are scheduled to end March 31, 2020 unless otherwise noted. Ford will likely enhance incentives for Presidents' Day weekend.
Up to $2,750 off:
The same cash incentives are available on both the 2019 and 2020 Ranger.
Everyone gets a $500 rebate, and buyers with a vehicle to trade are eligible for a $1,500 trade-in bonus. There's also a $750 Select Inventory bonus on models in stock longer than 61 days. That brings your total potential savings on a new Ranger to $2,750.
Great lease value:
For the second month, you can lease a 2019 Ranger XL Crew 4x2 with SXT Package from $229 for 36 months (10,500 miles a year) with $2,999 due at signing.
The effective monthly cost works out to $312, an excellent value for this price class. This offer reflects this month's trade-in bonus. The cash at signing will be $1,500 higher without it.
There are no advertised lease specials yet on the 2020 Ranger. According to Ford's online payment estimator, leasing a Ranger XL costs $273 a month with $2,834 at signing. The effective monthly cost is $352, which falls short of a good value in our analysis. Better deals will come along later this year.
Pay no interest:
Instead of the standard rebate on a 2019 Ranger, you can get 0% financing for 60 months or 1.9% for 72 months. You remain eligible for the $1,500 trade-in bonus.
The 2020 Ranger is eligible for 0.9% for 36 months, 1.9% for 48 months, or 2.9% for 60.