- $301/mo est.$2,500 down
- Exterior color: Carbonized Gray MetallicCarbonized Gray Metallic
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.3l, 4cyl
- John Megel Ford (282 mi away)
Close
Estimate Lease Details
$301/month for 36 months
$2,500 Down payment
$2,801 Due at signing
$2,801 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $13,324 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Cleveland, GA / 282 miles away from Tupelo, MS
Carbonized Gray Metallic 2025 Ford Ranger XL STX RWD 10-Speed Automatic EcoBoost 2.3L I4 GTDi DOHC Turbocharged VCT Price includes: $2000 - Bonus Cust...
Features and Specs:
23 Combined MPG (21 City/26 Highway)
Listing Information:
VIN: 1FTER4BH0SLE35821
Stock: T63706
Listed since: 09-02-2025 - $316/mo est.$2,500 down
- Exterior color: Carbonized Gray MetallicCarbonized Gray Metallic
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.3l, 4cyl
- Supreme Ford Of Slidell (286 mi away)(2)
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Estimate Lease Details
$316/month for 36 months
$2,500 Down payment
$2,816 Due at signing
$2,816 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $13,862 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Slidell, LA / 286 miles away from Tupelo, MS
Gray Metallic 2025 Ford Ranger XL RWD 10-Speed Automatic EcoBoost 2.3L I4 GTDi DOHC Turbocharged VCTSupreme Ford of Slidell is excited to offer thi...
Features and Specs:
23 Combined MPG (21 City/26 Highway)
Listing Information:
VIN: 1FTER4BH8SLE24341
Stock: 17191
Listed since: 07-18-2025 - $411/mo est.$2,500 down
- Exterior color: Desert SandDesert Sand
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.3l, 4cyl
- Supreme Ford Of Slidell (286 mi away)(2)
Close
Estimate Lease Details
$411/month for 36 months
$2,500 Down payment
$2,911 Due at signing
$2,911 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $17,309 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Slidell, LA / 286 miles away from Tupelo, MS
Desert Sand 2025 Ford Ranger XLT 4WD 10-Speed Automatic EcoBoost 2.3L I4 GTDi DOHC Turbocharged VCTSupreme Ford of Slidell is very proud to offer t...
Features and Specs:
22 Combined MPG (19 City/26 Highway)
Listing Information:
VIN: 1FTER4HH8SLE03951
Stock: 17046
Listed since: 04-11-2025 - $417/mo est.$2,500 down
- Exterior color: Oxford WhiteOxford White
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.7l, 6cyl
- Supreme Ford Of Slidell (286 mi away)(2)
Close
Estimate Lease Details
$417/month for 36 months
$2,500 Down payment
$2,917 Due at signing
$2,917 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $17,497 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Slidell, LA / 286 miles away from Tupelo, MS
Oxford White 2025 Ford Ranger XLT 4WD 10-Speed Automatic 2.7L EcoBoost V6Supreme Ford of Slidell is delighted to offer this attractive-looking 2025...
Features and Specs:
Listing Information:
VIN: 1FTER4HP0SLE13736
Stock: 17137
Listed since: 06-02-2025 - $346/mo est.$2,500 down
- Exterior color: Oxford WhiteOxford White
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.3l, 4cyl
- Ted Russell Ford (286 mi away)
Close
Estimate Lease Details
$346/month for 36 months
$2,500 Down payment
$2,846 Due at signing
$2,846 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $14,955 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Knoxville, TN / 286 miles away from Tupelo, MS
2025 Ford Ranger XL Oxford White EcoBoost 2.3L I4 GTDi DOHC Turbocharged VCT Ted Russell **Included Features: Equipment Group 100A Standard, STX Appea...
Features and Specs:
22 Combined MPG (19 City/26 Highway)
Listing Information:
VIN: 1FTER4PH4SLE36074
Stock: LE36074
Listed since: 09-12-2025 - $379/mo est.$2,500 down
- Exterior color: Carbonized Gray MetallicCarbonized Gray Metallic
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.3l, 4cyl
- Ted Russell Ford (286 mi away)
Close
Estimate Lease Details
$379/month for 36 months
$2,500 Down payment
$2,879 Due at signing
$2,879 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $16,129 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Knoxville, TN / 286 miles away from Tupelo, MS
Priced below KBB Fair Purchase Price! 2025 Ford Ranger XLT Gray EcoBoost 2.3L I4 GTDi DOHC Turbocharged VCT Ted Russell **Included Features: Equipment...
Features and Specs:
22 Combined MPG (19 City/26 Highway)
Listing Information:
VIN: 1FTER4HH8SLE27151
Stock: LE27151
Listed since: 07-07-2025 - $419/mo est.$2,500 down
- Exterior color: Desert SandDesert Sand
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.3l, 4cyl
- Ted Russell Ford (286 mi away)
Close
Estimate Lease Details
$419/month for 36 months
$2,500 Down payment
$2,919 Due at signing
$2,919 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $17,578 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Knoxville, TN / 286 miles away from Tupelo, MS
2025 Ford Ranger XLT Desert Sand EcoBoost 2.3L I4 GTDi DOHC Turbocharged VCT Ted Russell **Included Features: Black Appearance Package (Black Center B...
Features and Specs:
22 Combined MPG (19 City/26 Highway)
Listing Information:
VIN: 1FTER4HH9SLE24274
Stock: LE24274
Listed since: 06-12-2025 - $835/mo est.$5,000 down
- Exterior color: Desert SandDesert Sand
- Interior color: Ebony leatherEbony leather
- 4'12” bed, 3l, 6cyl
- Ted Russell Ford (286 mi away)
Close
Estimate Lease Details
$835/month for 36 months
$5,000 Down payment
$5,835 Due at signing
$5,835 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $35,043 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Knoxville, TN / 286 miles away from Tupelo, MS
2025 Ford Ranger Raptor Desert Sand 3.0L EcoBoost V6Ted Russell **Included Features: Equipment Group 800A Standard, 10 Speakers, 4-Wheel Disc Brakes, ...
Features and Specs:
17 Combined MPG (16 City/18 Highway)
Listing Information:
VIN: 1FTER4LR0SLE29640
Stock: LE29640
Listed since: 08-25-2025 - $379/mo est.$2,500 down
- Exterior color: Oxford WhiteOxford White
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.3l, 4cyl
- Ted Russell Ford (286 mi away)
Close
Estimate Lease Details
$379/month for 36 months
$2,500 Down payment
$2,879 Due at signing
$2,879 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $16,143 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Knoxville, TN / 286 miles away from Tupelo, MS
2025 Ford Ranger XLT Oxford White EcoBoost 2.3L I4 GTDi DOHC Turbocharged VCT Ted Russell **Included Features: Equipment Group 300A Standard, Sport Ap...
Features and Specs:
22 Combined MPG (19 City/26 Highway)
Listing Information:
VIN: 1FTER4HH8SLE18272
Stock: LE18272
Listed since: 08-15-2025 - $316/mo est.$2,500 down
- Exterior color: Oxford WhiteOxford White
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.3l, 4cyl
- Ted Russell Ford (286 mi away)
Close
Estimate Lease Details
$316/month for 36 months
$2,500 Down payment
$2,816 Due at signing
$2,816 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $13,881 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Knoxville, TN / 286 miles away from Tupelo, MS
2025 Ford Ranger XL Oxford White EcoBoost 2.3L I4 GTDi DOHC Turbocharged VCT Ted Russell **Included Features: Equipment Group 100A Standard, STX Appea...
Features and Specs:
23 Combined MPG (21 City/26 Highway)
Listing Information:
VIN: 1FTER4BH9SLE38992
Stock: LE38992
Listed since: 08-04-2025 - $344/mo est.$2,500 down
- Exterior color: Shadow Black MetallicShadow Black Metallic
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.3l, 4cyl
- Gary Smith Ford (293 mi away)
Close
Estimate Lease Details
$344/month for 36 months
$2,500 Down payment
$2,844 Due at signing
$2,844 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $14,866 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Fort Walton Beach, FL / 293 miles away from Tupelo, MS
Features and Specs:
23 Combined MPG (21 City/26 Highway)
Listing Information:
VIN: 1FTER4GH4SLE37564
Stock: 3948
Listed since: 08-28-2025 - $303/mo est.$2,500 down
- Exterior color: Oxford WhiteOxford White
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.3l, 4cyl
- Gary Smith Ford (293 mi away)
Close
Estimate Lease Details
$303/month for 36 months
$2,500 Down payment
$2,803 Due at signing
$2,803 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $13,393 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Fort Walton Beach, FL / 293 miles away from Tupelo, MS
Features and Specs:
23 Combined MPG (21 City/26 Highway)
Listing Information:
VIN: 1FTER4BH3SLE42374
Stock: 4073
Listed since: 09-24-2025 - $466/mo est.$5,000 down
- Exterior color: Ruby Red Metallic Tinted ClearcoatRuby Red Metallic Tinted Clearcoat
- Interior color: Ebony leatherEbony leather
- 4'12” bed, 2.3l, 4cyl
- Gary Smith Ford (293 mi away)
Close
Estimate Lease Details
$466/month for 36 months
$5,000 Down payment
$5,466 Due at signing
$5,466 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $21,775 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Fort Walton Beach, FL / 293 miles away from Tupelo, MS
Features and Specs:
22 Combined MPG (19 City/26 Highway)
Listing Information:
VIN: 1FTER4KH6SLE46158
Stock: 4043
Listed since: 09-17-2025 - $786/mo est.$5,000 down
- Exterior color: Desert SandDesert Sand
- Interior color: Ebony leatherEbony leather
- 4'12” bed, 3l, 6cyl
- Gary Smith Ford (293 mi away)
Close
Estimate Lease Details
$786/month for 36 months
$5,000 Down payment
$5,786 Due at signing
$5,786 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $33,307 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Fort Walton Beach, FL / 293 miles away from Tupelo, MS
Features and Specs:
17 Combined MPG (16 City/18 Highway)
Listing Information:
VIN: 1FTER4LR1SLE19635
Stock: 4193
Listed since: 09-24-2025 - $303/mo est.$2,500 down
- Exterior color: Oxford WhiteOxford White
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.3l, 4cyl
- Gary Smith Ford (293 mi away)
Close
Estimate Lease Details
$303/month for 36 months
$2,500 Down payment
$2,803 Due at signing
$2,803 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $13,393 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Fort Walton Beach, FL / 293 miles away from Tupelo, MS
Features and Specs:
23 Combined MPG (21 City/26 Highway)
Listing Information:
VIN: 1FTER4BH2SLE44083
Stock: 4042
Listed since: 09-08-2025 - $802/mo est.$5,000 down
- Exterior color: Marsh GrayMarsh Gray
- Interior color: Ebony leatherEbony leather
- 4'12” bed, 3l, 6cyl
- Gary Smith Ford (293 mi away)
Close
Estimate Lease Details
$802/month for 36 months
$5,000 Down payment
$5,802 Due at signing
$5,802 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $33,885 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Fort Walton Beach, FL / 293 miles away from Tupelo, MS
Features and Specs:
17 Combined MPG (16 City/18 Highway)
Listing Information:
VIN: 1FTER4LRXSLE43917
Stock: 4057
Listed since: 09-15-2025 - $310/mo est.$2,500 down
- Exterior color: Ruby Red Metallic Tinted ClearcoatRuby Red Metallic Tinted Clearcoat
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.3l, 4cyl
- Gary Smith Ford (293 mi away)
Close
Estimate Lease Details
$310/month for 36 months
$2,500 Down payment
$2,810 Due at signing
$2,810 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $13,674 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Fort Walton Beach, FL / 293 miles away from Tupelo, MS
Features and Specs:
23 Combined MPG (21 City/26 Highway)
Listing Information:
VIN: 1FTER4BH0SLE44261
Stock: 4056
Listed since: 09-23-2025 - $310/mo est.$2,500 down
- Exterior color: Desert SandDesert Sand
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.3l, 4cyl
- Gary Smith Ford (293 mi away)
Close
Estimate Lease Details
$310/month for 36 months
$2,500 Down payment
$2,810 Due at signing
$2,810 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $13,666 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Fort Walton Beach, FL / 293 miles away from Tupelo, MS
Features and Specs:
23 Combined MPG (21 City/26 Highway)
Listing Information:
VIN: 1FTER4BH1SLE37142
Stock: 3913
Listed since: 06-30-2025 - $374/mo est.$2,500 down
- Exterior color: Desert SandDesert Sand
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.3l, 4cyl
- Gary Smith Ford (293 mi away)
Close
Estimate Lease Details
$374/month for 36 months
$2,500 Down payment
$2,874 Due at signing
$2,874 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $15,953 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Fort Walton Beach, FL / 293 miles away from Tupelo, MS
Features and Specs:
23 Combined MPG (21 City/26 Highway)
Listing Information:
VIN: 1FTER4GH2SLE46098
Stock: 4080
Listed since: 09-17-2025 - $357/mo est.$2,500 down
- Exterior color: Oxford WhiteOxford White
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.3l, 4cyl
- Gary Smith Ford (293 mi away)
Close
Estimate Lease Details
$357/month for 36 months
$2,500 Down payment
$2,857 Due at signing
$2,857 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $15,356 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Fort Walton Beach, FL / 293 miles away from Tupelo, MS
Features and Specs:
23 Combined MPG (21 City/26 Highway)
Listing Information:
VIN: 1FTER4GH8SLE43657
Stock: 4018
Listed since: 08-28-2025 - $361/mo est.$2,500 down
- Exterior color: Ruby Red Metallic Tinted ClearcoatRuby Red Metallic Tinted Clearcoat
- Interior color: Ebony clothEbony cloth
- 4'12” bed, 2.3l, 4cyl
- Gary Smith Ford (293 mi away)
Close
Estimate Lease Details
$361/month for 36 months
$2,500 Down payment
$2,861 Due at signing
$2,861 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $15,500 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through September 30, 2025.
Located in Fort Walton Beach, FL / 293 miles away from Tupelo, MS
Features and Specs:
23 Combined MPG (21 City/26 Highway)
Listing Information:
VIN: 1FTER4GH3SLE42318
Stock: 4058
Listed since: 09-24-2025
Consumer Reviews for the Ford Ranger
Fun to drive, high performance truck
More about the Ford Ranger
How much does it cost to lease a Ford Ranger in Tupelo, MS?
- A Ford Ranger lease in Tupelo, MS starts at about $300 and runs up to $834. Keep in mind that these are estimates and the prices can vary based on a number of factors such as trim level, options, down payment, and length of the lease.
How much does it cost to lease a Ford Ranger 2025 in Tupelo, MS?
- It costs between $300 and $834 to lease a Ford Ranger 2025 in Tupelo, MS. Note that these are estimates, and the pricing can change based on the vehicle's trim level, installed options, and aspects of the lease such as the down payment, money factor and the lease term.