Alright, so I am not looking for a "Don't lease a vehicle" or a "It's better to buy a vehicle" debate. Even as a write this, I know that is going to happen anyway.

I am debating on selling my current truck, and leasing a F150. Would it be better to lease a 2020 F150, or just wait a couple of months and lease a 2021 model. Keep in mind that they have re done the F150 for 2021, however I am an old guy so all those new bells and whistles don't really mean anything to me. I am just looking for what makes the most financial since (2020 vs 2021).

Again I am not looking for a lease vs buying debate.

Thanks

It really depends on what Ford wants to push that month. Each month Ford seems to flip flop and one month leases are cheap.......then next month leases are expensive and financing is cheap......generally the new model leases better due to resale value at the end of the lease, and the old model buys better. I'd wait and lease the new one, but check the monthly specials and see each month until you get the deal you want.

Since you don't care on the model, then what really matters is what the lessor thinks about residuals, and hence your price. There is no magic in this. Get prices and move based on what you get. We aren't going to add anything to that, unless you want to deal with the issue of a lease end buyout and then we need the actual numbers for any intelligent commentary...

Ford actually has a really good lease payment calculator on their website......so beginning of every month just play with the models (XL/XLT/Lariat etc.) and then when you see a deal jump.

Leases are based on residual value so maximizing residual value reduces the net difference with the "sale" price. I would think a late 2020 would depreciate faster than a 2021 by the end of the lease, but that is using logic which doesn't always apply with Ford sales/leases.

The 2020 might get more rebates and factory to dealer incentives to get it to move, reducing the "sale" price.

I just wrassled the "old guy don't new the new stuff" conundrum into the dirt a few months back.

I've been mostly a 'pretty basic stuff' guy in my trucks all these decades.

Read all about the new stuff, drove some with & some without....ended buying the new stuff.

It's pretty useful to me, once I threw out my prized Luddite charcoal powered flip phone & got a few features I really wanted. Truck is the same way.

The power seat for my Sweet Bride in the new Ranger has proven to be well worth it. Etc.

Good luck.

I'd get the new one.

The 2021 is a "Mid Cycle Refresh" and has meaningful upgrades.

The next major redesign will be 2023 or 2024. I predict it will be electrified in a major way.

I would, if I had the money, be looking at the 2021. Its residual value vs. its cost could make the lease payment less, as others have pointed out.

I have never leased one this late in the year, so not sure about $ difference.
However, you may have a harder time trying to find the one you want to lease that is a 2020 model.
You did say you are not concerned with bells and whistles, so that would help you.