Yes, at 15k miles/yr. Add % points as noted for less miles.
And, that comes as no surprise whatsoever.Looks like much higher residuals on Ford Options for the Lightning than the Mach E:
But doesn’t it mean that’s what Ford thinks it’s worth to Ford itself, at a minimum, if they have to take the car back in? Essentially, Ford believes a dealer can still make acceptable profit on the reconditioning and resale of the car, including all the transaction and commission costs, so long as the original buyer had paid 57% of the original value of the vehicle (in the case of a 43% residual, for example). I don’t believe the number reflects the actual market value as it’s designed to protect the dealer from risking taking a loss if the original owner chooses to turn the car in rather than make the final balloon payment.
Because Ford Options doesn't preclude you from selling the car at any time. It's just a loan. I went with Options for the$2500 incentive, which made it cheaper than paying cash.
Don't you pay some interest though? I don't remember how much that was and how it compares with the incentive.
Yes, but 2.24% over the full 36 month term was quite a bit less than $2500, so I still come out ahead.
i pay 1.4% interest on my ford options plan GT. that 2.5k was way more than the interest im going to pay. btw i'm also in northern california. small world
Yes, but you have to realize that residual determinations take into account mfg discounts, government rebates and any other “trunk money” attached to the original price of the car. That is to say the residual, based on the original MSRP of the car was reduced by the federal and state rebates that came with the car. Without them, the residuals on MME’s would probably be up around 53-55%.
