Current State Of Ford Options?

[scoopman]

GT options apr is 1.4%. Not sure if CO is one of the states that gets 2500 so maybe that or 1000

So I just looked today and the calculator is back up but: (1) it doesn't seem to show the interest rate anymore -- I could have sworn it used to do this in the itemized calculated breakdown; and (2) it appears there's no incentive right now, where it used to be $2500 before this.

I'm not sure if this is completely accurate, as the calculator is on building a 2022 GT, and I'm taking delivery of a 2021.

Guess I'm just left with whatever the dealer tells me the current Ford Options interest rate and incentives they'll give me are -- once again Ford doesn't set up the system to provide transparent information to their customers.

@hybrid2bev I second your help and patience with forum folks asking you random questions. Is there any other way for me to figure out the current interest rates / incentives other than building a new car and using the inaccurate "calculator"?

One other question -- it does appear that it's completely up to the dealer and their shenanigans as to whether they offer you the Tier 0/1 financing you might have available, or if they jack up the interest rate to pay for a new tube dancer for the used car lot this weekend.

Ford Options has gotta be a rich source of hidden dealer techniques for extra profit if there's no constraints on what they tell the customer, and no way for an informed buyer to independently verify what Ford offers in its program.

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[Kistra]

So I just looked today and the calculator is back up but: (1) it doesn't seem to show the interest rate anymore -- I could have sworn it used to do this in the itemized calculated breakdown; and (2) it appears there's no incentive right now, where it used to be $2500 before this.

I'm not sure if this is completely accurate, as the calculator is on building a 2022 GT, and I'm taking delivery of a 2021.

Guess I'm just left with whatever the dealer tells me the current Ford Options interest rate and incentives they'll give me are -- once again Ford doesn't set up the system to provide transparent information to their customers.

@hybrid2bev I second your help and patience with forum folks asking you random questions. Is there any other way for me to figure out the current interest rates / incentives other than building a new car and using the inaccurate "calculator"?

One other question -- it does appear that it's completely up to the dealer and their shenanigans as to whether they offer you the Tier 0/1 financing you might have available, or if they jack up the interest rate to pay for a new tube dancer for the used car lot this weekend.

Ford Options has gotta be a rich source of hidden dealer techniques for extra profit if there's no constraints on what they tell the customer, and no way for an informed buyer to independently verify what Ford offers in its program.

Using the calculator I am seeing 5% as the interest rate for both financing and Ford Options with no incentive.

ADDED: And this is now what my dealer is quoting me for Ford Options. I do not think I will be going with that anymore!

 

[physib]

Using the calculator I am seeing 5% as the interest rate for both financing and Ford Options with no incentive.

ADDED: And this is now what my dealer is quoting me for Ford Options. I do not think I will be going with that anymore!

Your dealer is wrong. They need to look in their system for the actual number.

 

[scoopman]

Using the calculator I am seeing 5% as the interest rate for both financing and Ford Options with no incentive.

ADDED: And this is now what my dealer is quoting me for Ford Options. I do not think I will be going with that anymore!

Ah! I must have looked at this too early in my morning -- thanks for letting me know where they're showing the interest rate

 

[rgonyer]

@hybrid2bev,

Finishing up my deal on the GT I found, and I mentioned the options plan. When she ran the numbers on that, by the time I made the payments for 48 months, AND paid the balloon payment, it was much more expensive than just doing a straight buy. That was at 1.4%. Do you think they were not doing the correct calculations? They got me a loan 3% for 72mos, and I'm putting $10k cash down

 

[jmn1226]

GT was delivered today, will probably talk to the dealer and head over in a couple hours. We will see how it goes regarding Ford options. The email that said it was delivered had the option to checkout online (with Ford Options), but it was totally broken regarding incentives when it got to the point iof adding to cart and said I had to go to dealer.

 

[hybrid2bev]

So I just looked today and the calculator is back up but: (1) it doesn't seem to show the interest rate anymore -- I could have sworn it used to do this in the itemized calculated breakdown; and (2) it appears there's no incentive right now, where it used to be $2500 before this.

I'm not sure if this is completely accurate, as the calculator is on building a 2022 GT, and I'm taking delivery of a 2021.

Guess I'm just left with whatever the dealer tells me the current Ford Options interest rate and incentives they'll give me are -- once again Ford doesn't set up the system to provide transparent information to their customers.

@hybrid2bev I second your help and patience with forum folks asking you random questions. Is there any other way for me to figure out the current interest rates / incentives other than building a new car and using the inaccurate "calculator"?

One other question -- it does appear that it's completely up to the dealer and their shenanigans as to whether they offer you the Tier 0/1 financing you might have available, or if they jack up the interest rate to pay for a new tube dancer for the used car lot this weekend.

Ford Options has gotta be a rich source of hidden dealer techniques for extra profit if there's no constraints on what they tell the customer, and no way for an informed buyer to independently verify what Ford offers in its program.

Using the calculator I am seeing 5% as the interest rate for both financing and Ford Options with no incentive.

ADDED: And this is now what my dealer is quoting me for Ford Options. I do not think I will be going with that anymore!

The 2021 model year MME Options programs for Oct-Nov are the same as they were last month.

I don't see where you can confirm that externally since the build and price website is only showing a 2022 when you try to fake an order.

 

[Kistra]

The 2021 model year MME Options programs for Oct-Nov are the same as they were last month.

I don't see where you can confirm that externally since the build and price website is only showing a 2022 when you try to fake an order.

Hmm... That is good to know. I will call my dealership again. My car just left KC and we are only 2 hours away so I am going to be able to pick it up this week once the financing is all straightened out.

 

[deadduck]

@hybrid2bev,

Finishing up my deal on the GT I found, and I mentioned the options plan. When she ran the numbers on that, by the time I made the payments for 48 months, AND paid the balloon payment, it was much more expensive than just doing a straight buy. That was at 1.4%. Do you think they were not doing the correct calculations? They got me a loan 3% for 72mos, and I'm putting $10k cash down

Something is possibly wrong, especially if it was significantly different, but there is a mileage component and the calculator doesn't include TTL. In California it will add more than a $100 to the monthly payment because TTL is more than 10% in these parts.

This is what's nerve wracking about Options, it's not tightly spelled out. Hopefully when you buy you get a sheet with everything clearly listed.

 

[rgonyer]

Something is possibly wrong, especially if it was significantly different, but there is a mileage component and the calculator doesn't include TTL. In California it will add more than a $100 to the monthly payment because TTL is more than 10% in these parts.

This is what's nerve wracking about Options, it's not tightly spelled out. Hopefully when you buy you get a sheet with everything clearly listed.

I'm buying a base GT with the only option as Star White, so the sticker is $61,600 plus about $3k for TTL for a total of let's say $65k just for round numbers. I'm putting $10k down so financing $55k.

When I tried the calculator today, all it did was hang up when I chose the options plan. When I did it before the 2021 calculator disappeared, I adjusted my downpayment by -$3000 because I know that's what TTL will be in my state (Iowa). I do not know if there are any rebates for using Options in Iowa, I can't seem to find that info anywhere. I am buying my car remotely and they are delivering it due to it being a 10+ hour round trip. I am actually supposed to be dropping the paperwork in the fedex box today, but I might wait a day to see if I can learn any more. When I asked the dealer to quote my payment using the options plan with $10k down on the total (So $7k after TTL), this was the response I got back...

"
"Hi Rob,
I just wanted to check with you that you would like to do the Ford options over traditional financing... I was doing the math and with the Ford Options financing you will be paying about $10,000 more for the vehicle. 47 payments of $898 with $10,000 down and a balloon payment of $19096. This would mean you're paying $71,300 for the vehicle; whereas, if you finance it would be $61,000 plus tax and fees. Ford has offered the Ford Options financing but I haven't had a customer choose to use this financing yet. If you would like to do it, I would be happy to proceed. I just wanted to verify since I have not talked to you yet.
Thank you, "

 

[Mickey the T]

"Hi Rob,
I just wanted to check with you that you would like to do the Ford options over traditional financing... I was doing the math and with the Ford Options financing you will be paying about $10,000 more for the vehicle. 47 payments of $898 with $10,000 down and a balloon payment of $19096. This would mean you're paying $71,300 for the vehicle; whereas, if you finance it would be $61,000 plus tax and fees. Ford has offered the Ford Options financing but I haven't had a customer choose to use this financing yet. If you would like to do it, I would be happy to proceed. I just wanted to verify since I have not talked to you yet.
Thank you, "

You need to ask him what interest rates he's using for financing vs options. There's no way the difference should be $10K.

 

[deadduck]

You need to ask him what interest rates he's using for financing vs options. There's no way the difference should be $10K.

Agreed! And the old options financing rate was 1.4% for a GT, if I remember rightly.

There's no way, something is wrong.

 

[Davedough]

Agreed! And the old options financing rate was 1.4% for a GT, if I remember rightly.

There's no way, something is wrong.

I've run through several calculators and Options on the GT always beats the total amount paid by anywhere between $1200 and $3500 depending on how much you put down, etc. That calculation above is WAY off

 

[hybrid2bev]

I haven't had a customer choose to use this financing yet.

It's no wonder, probably because the dealer doesn't seem to understand the program. Their calculations are way off.

Take the dealers numbers and try this calculator:

https://www.macheforum.com/site/threads/poll-ford-options-vs-finance.2883/post-92089

 

[Kistra]

The 2021 model year MME Options programs for Oct-Nov are the same as they were last month.

I don't see where you can confirm that externally since the build and price website is only showing a 2022 when you try to fake an order.

I don't think my dealership has any clue what they are doing with Ford Options. I just spoke with the finance person for the first time instead of my salesperson and the first words out of her mouth were "so you want to lease the mach e". Then she tried to tell me that Ford Options financing doesn't have an interest rate, it has a money factor since it is a lease and not a purchase. Then she told me that even if it is technically financing because of how the taxes are paid it will be a lease for tax purposes and not a purchase.

I'm pretty sure that every one of those statements is wrong? Could someone verify?

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