Desperate for help with dealership - Ford Options Plan

[zvez]

Nope, you got the best possible rate and rebate.... Can't do any better than those numbers right now, regardless of down payment.

I thought the options rate was fixed at 2.25%? Wow had I known I could get a lower rate I'd have opted for options instead of the 0.9% standard finance. ALthough in my zip code it only offered a $1k incentive instead of $2.5k

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[PNWEV]

I thought the options rate was fixed at 2.25%? Wow had I known I could get a lower rate I'd have opted for options instead of the 0.9% standard finance. ALthough in my zip code it only offered a $1k incentive instead of $2.5k

I think the 1.4 only goes for gts

 

[RickMachE]

I believe the interest rate drops the more you put down.

It doesn't. As noted, the rate for the GTPE is lower because of the higher price.

 

[RickMachE]

I was told last week at Folsom Lake Ford that whatever the terms were at the time I placed my order is what I will get. Ford Options. 2.25% interest rate. $2500 rebate and $1500 clean air rebate from state. (CA). They also change my 2021 mme to a 2022 premium awd er and changed color from rapid red to iced silver blue metallic which saved me nearly $500. So far I’m very satisfied with this dealer. I chose them because I got no ADM and x plan pricing. I highly recommend them.

Ford dealers historically have the ability to lock incentives at time of order, offering you that group of rebates or the ones in effect at time of purchase. They cannot lock interest rates, althought it's possible that they're being allowed to lock Ford Options. And of course they have no control over a State of California rebate.

 

[generaltso]

I was told last week at Folsom Lake Ford that whatever the terms were at the time I placed my order is what I will get. Ford Options. 2.25% interest rate. $2500 rebate and $1500 clean air rebate from state. (CA).

Did you get that in writing?

 

[yngwenli]

Does anyone know if you can get Ford Options after reserving?

 

[RickMachE]

Does anyone know if you can get Ford Options after reserving?

You can do anything you want to with the financing at time of delivery.

 

[generaltso]

Does anyone know if you can get Ford Options after reserving?

Ford Options is just like any other financing that you would get when you take delivery of the car. There is nothing special you need to do when ordering.

 

[ShadowCVL]

I gather that this is different now? When I ordered my 2022 a few weeks ago and put in the $500 deposit, it looks like it went to the dealer not to Ford (I actually had to google the vendor listed on my credit card to figure out that it was a company that owned the dealership).

I ordered in early march, online it said it went to the dealer, but the "receipt" I got from the dealer at signing, showed ford sending them the money that day.

 

[blue92lx]

You're right. That is a regular Red Carpet Lease and NOT Ford Options. There's no Acq. fee on Options.

If you want to DM me I can have someone reach out but it's late on Friday now, so it may be Monday/Tuesday before they can make contact.

We need a super hero reaction emoticon for posts from hybrid2bev, a regular thumbs up doesn't seem like it's good enough.

 

[Mach 5e]

Our Mach-E finally came in. Dealer called, I completed the online credit app, selected Ford Options plan, picked down payment, etc. I was happy and expected to just come into the dealership, sign what I agreed to and be on my way. I spent 4 hours at the dealer today and they just seemed to be jerking me around:

1. They don't show my $500 deposit and said "you have to get that back from Ford"
2. They did all the paperwork and then when they asked me to sign there was a $645 acquisition fee (not supposed to have that with Ford Options).
3. The name of the finance company is CABT LLC - Not Ford Credit - is this a problem?
4. They insist it is Ford Options but I really believe they are trying to put me into a regular lease.

They INSIST they are offering me the Ford Options plan, but it doesn't smell right. They also told me to just sign (the document with the acquisition fee) but "you wont pay it" and it "just looks different on our paperwork". BS I am NOT signing something I don't agree to.

I left and told them I would come back tomorrow.
Ford Credit phone number is not accepting any more calls today.
HELP! Anyone have some experience with this?

Dealership is Autonation Ford in Katy, TX

Dealers are a bit ignorant on the Ford Options program specifically crafted by Ford Financial for the Mach-e. Then. they don't want to use it becasue they DO NOT make as much money as they do when they use a NON Options lease. The Options lease allows you to claim the $7,500 Tax credit, a traditional lease DOES NOT and the dealer does not care!!!
The Options Lease program was crafted to compete with Tesla and win over Tesla buyers by not screwing them around. My Options Lease rate in late August was 2.5% over 48 months. You should ONLY be agreeing to FORD FINANCIAL Options lease on the Mach-e.

 

[DanHo]

Dealers are a bit ignorant on the Ford Options program specifically crafted by Ford Financial for the Mach-e. Then. they don't want to use it becasue they DO NOT make as much money as they do when they use a NON Options lease. The Options lease allows you to claim the $7,500 Tax credit, a traditional lease DOES NOT and the dealer does not care!!!
The Options Lease program was crafted to compete with Tesla and win over Tesla buyers by not screwing them around. My Options Lease rate in late August was 2.5% over 48 months. You should ONLY be agreeing to FORD FINANCIAL Options lease on the Mach-e.

You keep calling it a lease, which it is not. It has some elements similar to a lease, but again, not a lease.

 

[PCS2021]

Our Mach-E finally came in. Dealer called, I completed the online credit app, selected Ford Options plan, picked down payment, etc. I was happy and expected to just come into the dealership, sign what I agreed to and be on my way. I spent 4 hours at the dealer today and they just seemed to be jerking me around:

1. They don't show my $500 deposit and said "you have to get that back from Ford"
2. They did all the paperwork and then when they asked me to sign there was a $645 acquisition fee (not supposed to have that with Ford Options).
3. The name of the finance company is CABT LLC - Not Ford Credit - is this a problem?
4. They insist it is Ford Options but I really believe they are trying to put me into a regular lease.

They INSIST they are offering me the Ford Options plan, but it doesn't smell right. They also told me to just sign (the document with the acquisition fee) but "you wont pay it" and it "just looks different on our paperwork". BS I am NOT signing something I don't agree to.

I left and told them I would come back tomorrow.
Ford Credit phone number is not accepting any more calls today.
HELP! Anyone have some experience with this?

Dealership is Autonation Ford in Katy, TX

1. When I sent my deposit, I asked who would refund my deposit if I cancelled and the dealer said they hold it In escrow and they would refund it. (Not Ford)

2 There should be no acquisition fee

3. I would not sign if the application/contract did not specially say “Ford Motor Credit”

4. You are exactly right in your thoughts about the lease.

I would contact Ford Corp. about this and then Ford Motor credit. I have read about dealers doing this to increase the amount they make on the Mach E, due to the loss of revenue on the front end and the future service end.

 

[hybrid2bev]

1. When I sent my deposit, I asked who would refund my deposit if I cancelled and the dealer said they hold it In escrow and they would refund it. (Not Ford)

2 There should be no acquisition fee

3. I would not sign if the application/contract did not specially say “Ford Motor Credit”

4. You are exactly right in your thoughts about the lease.

I would contact Ford Corp. about this and then Ford Motor credit. I have read about dealers doing this to increase the amount they make on the Mach E, due to the loss of revenue on the front end and the future service end.

Just one small point about #3.
It's perfectly fine to sign a "generic" credit application (non-Ford Credit specific). Ford Credit accepts different application versions from various companies.

But yes, absolutely you want to check the assignment section at the end of the contract to ensure it says Ford Credit along with the registration/title work.

 

[generaltso]

Dealers are a bit ignorant on the Ford Options program specifically crafted by Ford Financial for the Mach-e.

Ford Options wasn't actually originally crafted for the Mach-E. It was created back when states like New York enacted new laws that could impose accident liability on vehicle owners, which made leasing too big of a risk for companies like Ford. For a while, car companies just stopped offering leases in those states, but Ford was able to offer a "lease-like" product with Ford Options without being subject to the liability that came with being the vehicle owner.

Ford did, however, dust off the Options plan and bring it back into existence for the MME since it also works well for maintaining the purchaser's eligibility for the federal tax credit.

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