I've talked to my sales representative specifically on that topic. She said she tries to stay off the internet because of the rumors, speculation, and misinformation out there. She always wants it straight from the horse's mouth.
Except when they don’t even look at the horse’s own website to see info about the pony!?
Go to the ford website and pretend to order a Mach-E. Build out the vehicle then click the calculator.
And the calculator does not stand out. It’s a small calculator icon at the top of the page.
It’s a little bit more than 40%, since you have to account for the $7500 tax credit as a cash flow or reducing the 59k price of the vehicle.
I think they always err on the cautious side. My current Kuga had a balloon payment of ÂŁ12000 after 3 years on 0%. When it was due for payment my dealer was prepared to offer me ÂŁ16000 for it so I would have 'made' ÂŁ4000. Paid it off and kept the car for part ex against my new MME.
Yes and no. The tax credit isnt' a guarantee. You have to have enough tax liability and receive the car before it's phased out. So it's still a 40% residual with some potential mitigating factors.
With options there is a maximum amount you can pay as a 'deposit'. Here in the UK it is 35% I believe. Have no idea whether it is the same on your side of the pond. I am sure there is someone on here that will be able to tell you for sure
Of course. I’m just assuming the value proposition changes significantly for someone who can’t get the credit, perhaps in that case the Model Y would have an edge. Basically, as long as that tax credit is still active, the effective price on the used market drops instantly by that tax credit, as soon as you take ownership of it. This is the instant depreciation that exists when tax credits are available.
Are we enough of a "captive audience" at the launch of the Mach E that Ford is worried about this? I know several have said if the lease terms don't come through better than the options program, they will walk away, but still makes me wonder if they are a true minority.Lots of incentives on other BEVs are tilting the lease vs buy one way or the other:
https://www.greencarreports.com/new...st-buying-but-leasing-remains-better-for-most
EV deals: Leaf, i3, I-Pace incentives boost buying, but leasing remains better for most
STEPHEN EDELSTEIN AUGUST 19, 2020
The advantages between leasing versus buying electric cars are currently blurred by some especially strong sales incentives.
The Nissan Leaf is currently eligible for 0% APR financing for 72 months, plus a $500 financing bonus. Nissan is also offering a $4,000 rebate in August, which is $1,000 more than last month, and the most seen to date, according to our partner site CarsDirect. The best deal for buying a new Leaf in August 2019 was 0% APR for 36 months, with a $1,000 bonus, the website noted.
Similarly, the BMW i3 is currently eligible for 0% APR financing for 60 months, compared to 3.75% in August 2019.
The Jaguar I-Pace currently offers a choice of 0% APR financing for 72 months or a $5,000 unadvertised credit, according to CarsDirect. A year ago, the best offer was 2.9% APR financing for 60 months with no credit. The difference in financing offers equates to a monthly payment $283 lower than in August 2019.
2020 BMW i3
Jaguar has been fairly aggressive with incentives for the I-Pace, using discounts to target Tesla owners. Some extensive changes to the I-Pace are also on the way for the 2021 model year, but the revamped version isn't here yet.
On the leasing side, the Chevrolet Bolt EV is a good deal. General Motors no longer qualifies for the full federal EV tax credit, but nationally its finance arm is currently offering $7,250 in savings on Bolt EV leases.
Regional deals can be even better. In San Francisco, the base LT trim level is available to lease at $199 a month for 36 months, with $1,599 down, when coming from another lease. That works out to an effective monthly cost of $243, or $7 less than a Honda Fit EX despite the Bolt EV's $18,000-higher base price, according to CarsDirect.
Leasing are often subsidized and can help soften the steep depreciation with some creative math. Non-Tesla electric cars generally lose value faster than comparable internal-combustion models, although they seem to have adjusted upward slightly over the past couple of years.
