We looked into buying an F-150 in August, but decided to lease instead then buy-out and trade in for the newer model after we buy out. We're leasing our 2008 F-150 with complete towing package for cheaper than buying. We got something like a 10k family pricing on it, so a $44,000 truck became a $34,000 truck and with our lease that's only about $511.00 a month ($11 is for the bed liner we had installed). We had originally decided to go with a Ranger because they were being discontinued and the pricing was great, plus they could pull a horse trailer, and cost less to fill up. UNFORTUNATELY FOR US, my dad is 6'7 and we needed something he would feel comfortable driving. We can't go any smaller than a Ford Focus Station Wagon really, and since he pretty much demolished the wagon during moving (he rear-ended a beat up old chevy truck in downtown Toronto.... at a stop LOL). It was written off, and we were able to move up to a bigger vehicle for the farm. As a note, the truck is our only car. The sad thing is, the focus was so bad on gas that it was like driving the truck.
We're buying out at the end of the lease.