Rocky29670

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I was able to confirm today with my dealer that they will be honoring Ford’s AXZ price plan.
My dealer said that they would honor it if Ford allowed it. They also tried to say they wanted $5k more for ADM and I told them I wouldn't be paying that. They backed off and said they would sell it to me for MSRP. I got them to email me that so I have it in writing.
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ChasingCoral

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My dealer said that they would honor it if Ford allowed it. They also tried to say they wanted $5k more for ADM and I told them I wouldn't be paying that. They backed off and said they would sell it to me for MSRP. I got them to email me that so I have it in writing.
You might want to have them look up dealer communication EFC08063 for the X-plan, then confirm that in writing as well.
 

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Leaving tax credit aside, what is the practical difference between this and a standard lease?
On Ford Options - the vehicle is titled in your name, on a lease program the vehicle is titled in the name of Ford's finance company.
 

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Are you sure there will no roof rack system available?
Well, I am not sure, but wondered how it would attach to that glass roof, although I guess Tesla has done it.

BTW - saw that "suction cup" rack that some Tesla users utilize and I think that thing would make me a nervous wreck waiting for my bike to blow off the roof on the highway. I would be looking up more than looking at the road.
 

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On Ford Options - the vehicle is titled in your name, on a lease program the vehicle is titled in the name of Ford's finance company.
Why would someone want to do that? For me the point of a lease is that I don't want ownership. I don't want the hassle of having to sell the car.
 


Johnny

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Why would someone want to do that? For me the point of a lease is that I don't want ownership. I don't want the hassle of having to sell the car.
If the vehicle is not titled in your name, you can't get the tax incentives.

I believe with "Ford Options" you still have the option of returning the car to Ford at the end of the finance contract.
 

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Leaving tax credit aside, what is the practical difference between this and a standard lease?
Speaking for myself and not Ford, explaining this to you as I would to any friend:

There are subtle differences. The big picture is that Ford Options and a traditional lease are more similar than different.

Ford Options choices at the end of the contract term are:
1. Return – Transfer ownership of the vehicle to Ford Credit (like a lease turn-in, with mileage and excessive use charges)

2. Renew – Trade-in/Sell the vehicle, any accumulated equity may be available for use as down payment

3. Retain – Payoff or refinance the balloon note amount through Ford Credit (like buying out your lease by paying the agreed lease purchase price/residual value)

Differences:
Ford Options is a retail contract, so the title is in the customer name. For standard leases the title is in the lease company name. Because Ford Options are retail contracts instead of leases there may be differences in how the transactions are taxed depending on where you live (in the monthly payments vs. all upfront at time of sale) so consult your dealer.

Ford Options is available in most states, you'll need to discuss financing options with your dealer.
 

FredT

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Speaking for myself and not Ford, explaining this to you as I would to any friend:

There are subtle differences. The big picture is that Ford Options and a traditional lease are more similar than different.

Ford Options choices at the end of the contract term are:
1. Return – Transfer ownership of the vehicle to Ford Credit (like a lease turn-in, with mileage and excessive use charges)

2. Renew – Trade-in/Sell the vehicle, any accumulated equity may be available for use as down payment

3. Retain – Payoff or refinance the balloon note amount through Ford Credit (like buying out your lease by paying the agreed lease purchase price/residual value)

Differences:
Ford Options is a retail contract, so the title is in the customer name. For standard leases the title is in the lease company name. Because Ford Options are retail contracts instead of leases there may be differences in how the transactions are taxed depending on where you live (in the monthly payments vs. all upfront at time of sale) so consult your dealer.

Ford Options is available in most states, you'll need to discuss financing options with your dealer.
Thanks.
 

s7davis

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Speaking for myself and not Ford, explaining this to you as I would to any friend:

There are subtle differences. The big picture is that Ford Options and a traditional lease are more similar than different.

Ford Options choices at the end of the contract term are:
1. Return – Transfer ownership of the vehicle to Ford Credit (like a lease turn-in, with mileage and excessive use charges)

2. Renew – Trade-in/Sell the vehicle, any accumulated equity may be available for use as down payment

3. Retain – Payoff or refinance the balloon note amount through Ford Credit (like buying out your lease by paying the agreed lease purchase price/residual value)

Differences:
Ford Options is a retail contract, so the title is in the customer name. For standard leases the title is in the lease company name. Because Ford Options are retail contracts instead of leases there may be differences in how the transactions are taxed depending on where you live (in the monthly payments vs. all upfront at time of sale) so consult your dealer.

Ford Options is available in most states, you'll need to discuss financing options with your dealer.
Just wanted to say that was a great breakdown on how the lease options (Ford Opions plan works) I wanted to say thanks for this info.
 

Haynes

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Nice to have this information. I am interested in Equipment Group 17P Interior Protection package. I hope it is thick rubber floor mats in place of the standard carpet pieces. That is the first thing I change anyway.

Also noticed option code 942 DRL for fleet only. Not interested in that but I do have a valid FIN. I wonder if that will be better than X plan pricing? I will have to investigate further...
If they stay with the current production rubber mats (which they probably will) they’re just a standard rubber mat.
 

Haynes

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Nice to have this information. I am interested in Equipment Group 17P Interior Protection package. I hope it is thick rubber floor mats in place of the standard carpet pieces. That is the first thing I change anyway.

Also noticed option code 942 DRL for fleet only. Not interested in that but I do have a valid FIN. I wonder if that will be better than X plan pricing? I will have to investigate further...
Just noticed the second half of your comment. Typically customers with a FIN pay invoice, minus the discount associated with their specific FIN number (which may take a while for ford to come out with, and it will still probably not be much like on the Tanger compared to the F150). X plan gives you a discount from the traditional invoice, which in this case is MSRP. I would expect the X plan to be better pricing than a FIN associated price, but I also haven’t noticed anything for FIN pricing yet.
 

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3. Retain – Payoff or refinance the balloon note amount through Ford Credit (like buying out your lease by paying the agreed lease purchase price/residual value)
I have an embarrassingly dumb question since I've never intended to buy out a lease before but might on the MME: Is the lease residual the price the same as the amount you'd have to pay to keep the car, or is the residual lower than the purchase price?
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