MME Not a long-term vehicle. How come?

[fightinag]

this makes me realize how far vehicles have come.....beautiful Econoline !

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[BalsaDust]

I told myself the 17' Escape I currently own will be my last car, and if it wasn't for last visit to the dealer for an oil change I would never have considered buying a new car.
The MME amazed me with performance usable space and quality of fit and finish.
The MME will be my last new car purchase (may change in five years but I hope not)

 

[alexgorod]

I planned to buy it and keep until one of us dies, but after reading more and more threads here about issues with the car itself and poor Ford service, I'm going to lease it and making decision at the end based on my experience, mostly, and available tech at that time. Worth a few grands that I will overpay with this scenario, IMO

 

[AzCoronaDog]

We needed to replace my wife's daily driver anyway, and we recently moved and her commute went from 10 to 40 miles each way. I swore I would not own some electric 'toy car', but then I started doing the research, and as most people here already know, a BEV is going to save me a ton of money over ICE.
So despite being a first year model, and me not really being a 'Ford guy', we got the MME because it looked like the best overall choice in BEVs for all the reasons you can find in other threads. I like it, and more importantly, the wife loves it!
However, she was used to a bigger SUV, so we have already talked about looking at the F150L or some other more truck-like BEV in a couple of years. I will probably not buy another first year model next time, assuming the MME continues to exceed my expectations (except for the software... LOL)

 

[Mach Daddy]

That mindset doesn't really make sense today. The cost of borrowing is so low compared to the investment returns you can reap that paying cash for a car or house is leaving money on the table. That said, do whatever makes you feel comfortable.

Agreed. With so many people's retirements tied up in 401k accounts the stock market may as well be labeled "FDIC insured". But I get the sentiment about not borrowing, some people lived through 14%+ interest rates.

 

[BMT1071]

Agreed. With so many people's retirements tied up in 401k accounts the stock market may as well be labeled "FDIC insured". But I get the sentiment about not borrowing, some people lived through 14%+ interest rates.

For sure. Though you could at least get a decent interest rate on a savings account back then. I just cringe when I see/hear someone state proudly that they paid cash for their MME when they could've used Ford's money for .9% and earned 5-10 times that in a fairly low risk investment.

 

[GoGoGadgetMachE]

Agreed. With so many people's retirements tied up in 401k accounts the stock market may as well be labeled "FDIC insured". But I get the sentiment about not borrowing, some people lived through 14%+ interest rates.

yeah for sure... here's an ad proud of 8.8% financing:



People in 1981 were paying an average of 17% on a mortgage. 17%!

Historic Mortgage Rates: From 1981 to 2019 and Their Impact - TheStreet

but - rates are not that now. it can be tough for someone who lived through that to understand that money is basically free right now and has been for some time now if your credit rating is sufficient.

 

[Mr.Doug]

My goal is to make it a 10 year car. I think most people here are concerned battery tech is about to have a evolutional leap. But that doesn't stop you from getting your monies worth on this one. People are just starting to car swap like their phone swaps. lol.

I have a bad habit of swapping phones, computers and cars, I doubt I will keep the current model MME over a year, will trade to update like my iPhone.. Like Yogi Berra says "if you don't have it, that's why you need it" I do Love this model though. It will be outdated in a year or so..

 

[jaycake]

Sweet...Thanks

 

[MachoHulkWarrior]

That mindset doesn't really make sense today. The cost of borrowing is so low compared to the investment returns you can reap that paying cash for a car or house is leaving money on the table. That said, do whatever makes you feel comfortable.

Blame Dave Ramsey for my mindset . I'm debt free, worry free, and am not a slave to the lenders. When I had debt I CONSTANTLY worried about what I'd do with 3 kids in private school if I lost my job. Not anymore.

I haven't had a car payment in over a decade. How is that leaving money on the table? All that money is on MY table. I can usually get pretty decent deals paying cash up front too. Saved quite a bit on my motorcycle with that approach.

 

[mach_e_hopeful]

I might opt for more range. I went from the EA in Tulare to sheep's creek campground.

It's about 95 miles one way with a 6,000 foot elevation change if I remember correctly.

190 miles total. 216 miles range at 80 percent so had to wait for the super slow charging past 80 percent. Also a bit nervous since there isn't cell service up there. Made it with about 30 percent the first time and 23 the next.

Also the buzzing noise makes me mad that I spent so much money and still have to deal with it.

I may switch cars if something comes out with 330 miles with AWD.

I will say the AWD on this car is amazing. My driveway is steep and when I turn in my front right wheel leaves the ground and there are no problems or slipping. Works well head in and backing in.

 

[snikt]

I might opt for more range. I went from the EA in Tulare to sheep's creek campground.

It's about 95 miles one way with a 6,000 foot elevation change if I remember correctly.

190 miles total. 216 miles range at 80 percent so had to wait for the super slow charging past 80 percent. Also a bit nervous since there isn't cell service up there. Made it with about 30 percent the first time and 23 the next.

Also the buzzing noise makes me mad that I spent so much money and still have to deal with it.

I may switch cars if something comes out with 330 miles with AWD.

I will say the AWD on this car is amazing. My driveway is steep and when I turn in my front right wheel leaves the ground and there are no problems or slipping. Works well head in and backing in.

There are already a couple choices with 330 miles and AWD

 

[ChuckA]

I've seen quite a few threads with comments indicating that people don't see the MME as a car they anticipate owning, "long term".

Curious - if you feel that way, what brought you to that conclusion? I buy vehicles to last (Current vehicle is an 07 Camry). Is it a reliability issue? Comfort? Technology becoming outdated?

I’m realistic in that I don’t know my life circumstances in 4 years. Financially I could pay cash if necessary. Since I’m turning 69 in October, a 4 year Options purchase makes sense. I may want to have options.

 

[HuntingPudel]

I am hoping to get 10+ years out of my GT-PE. We will see. If, as a first year performance model the value skyrockets, I might be tempted to get a newer MME or a Lightning in a few years. I seriously doubt that however.

 

[BMT1071]

Blame Dave Ramsey for my mindset . I'm debt free, worry free, and am not a slave to the lenders. When I had debt I CONSTANTLY worried about what I'd do with 3 kids in private school if I lost my job. Not anymore.

I haven't had a car payment in over a decade. How is that leaving money on the table? All that money is on MY table. I can usually get pretty decent deals paying cash up front too. Saved quite a bit on my motorcycle with that approach.

Did Dave Ramsey fail to explain investment returns to you?

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