The off-road pickups are the real deal.
For many years, the battle between the 2021 Ram 1500 TX and 2021 Ford F-150 Raptor is going to be fought both on the ground and online. Another battle is brewing, but it’s not as exciting, but potentially equally important. A new cars Direct report shows that the residual value of the 2021 TRX was lower than that for the 2021 Raptor. This could lead to a heated debate for lease-loving customers.
According to the publication, it has obtained dealer lease bulletins. The 2021 TRX has an estimated 56 percent residual value for a 36 month, 15,000 mile-per-year lease. The residual value of a vehicle is used to determine the monthly lease payment. A lower residual value will often mean a higher monthly payment. Financial institutions use residual values to determine the monthly payment. They divide up the vehicle’s expected depreciation over the lease agreement. The dealer still has to make a profit after they return the vehicle.
The TRX’s residual worth increases to 58 per cent for a 12,000-mile-per year lease, and to 59 per cent for 10,000 miles per year. The Raptor’s residual value is 63 percent for 15,000 miles, compared to the TRX’s 58 percent. This jumps to 65 per cent for 12,000-mile-per year leases, and to 68 per cent for 10,500 mile-per-year leases. These numbers may change. Ford has yet to release performance specs for the EcoBoost V6 standard engine that powers the pickup. A V8 variant is expected to arrive in 2022. This will allow it to compete with the TRX.
Ram was a strong contender with the TRX and slipped the SRT Hellcat engine under its bulging hood. The supercharged 6.2-liter V8 engine that powers the Demon to terrorize the drag strip produces 702 horsepower (523 Kilowatts) as well as 650 pound-feet (881 Newton meters) of torque. This blows out the Raptor EcoBoost’s 450 horsepower (336 kW), and it is a complete surprise. We will see how this fight plays out on the showroom floor.