jccoleman
Active Member
- First Name
- Jim
- Joined
- Jun 10, 2020
- Threads
- 7
- Messages
- 27
- Reaction score
- 119
- Location
- San Diego, CA
- Vehicles
- 2016 BMW X5, & 2021 Mach-E X4 aka: Trigger
- Thread starter
- #1
I picked my Mach-E up on 2/2 and my dealer, Encinitas Ford, has been terrific. There was a $2500 credit from Ford (still not sure why) and $1500 from California Clean Air so that knocked $4,000 off the top right away.
They really encouraged the service contract, which I laughed at thinking just how many oil changes would I need and Discount Tire rotates tires for free. But they took the time to explain it and I think what Ford's doing is making the contract attractive so they can keep tabs on its status and performance for their own data and records. Net result, the service contract covers everything including tire rotation, wiper blades, cabin air filters, and brakes. A full set of brakes can run $1,000! The contract was for 70,000 miles and the price was only $800. That was a bargain.
Now for the Ford Options. Since mine was the first one the dealer struggled with Ford and the programming to get it all done. The contract I signed Tuesday had to be cancelled and re-done Wednesday with the new numbers.
Here's how it works: They take the total selling price of the car - sales price off the sticker, add sales tax (because the Options is actually a purchase tax is up front on the total rather than on each payment with a lease), license, add service contract and any other fees for documents, etc.. From that number, subtract the Ford credit and Clean Air credit if you're eligible, and any money you want to put down. That's the starting number. I took a 3-year Options plan so they set the "balloon payment" for 36 months from now. The difference is the amount financed. In my area the interest rate for a standard purchase finance is currently 4.75%. The rate under Options from Ford is now 2.15%. Huge savings. It's all worked out even better than I anticipated from what's been available to read about it.
They really encouraged the service contract, which I laughed at thinking just how many oil changes would I need and Discount Tire rotates tires for free. But they took the time to explain it and I think what Ford's doing is making the contract attractive so they can keep tabs on its status and performance for their own data and records. Net result, the service contract covers everything including tire rotation, wiper blades, cabin air filters, and brakes. A full set of brakes can run $1,000! The contract was for 70,000 miles and the price was only $800. That was a bargain.
Now for the Ford Options. Since mine was the first one the dealer struggled with Ford and the programming to get it all done. The contract I signed Tuesday had to be cancelled and re-done Wednesday with the new numbers.
Here's how it works: They take the total selling price of the car - sales price off the sticker, add sales tax (because the Options is actually a purchase tax is up front on the total rather than on each payment with a lease), license, add service contract and any other fees for documents, etc.. From that number, subtract the Ford credit and Clean Air credit if you're eligible, and any money you want to put down. That's the starting number. I took a 3-year Options plan so they set the "balloon payment" for 36 months from now. The difference is the amount financed. In my area the interest rate for a standard purchase finance is currently 4.75%. The rate under Options from Ford is now 2.15%. Huge savings. It's all worked out even better than I anticipated from what's been available to read about it.
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