Current State Of Ford Options?

[hybrid2bev]

Interesting. Did that just change recently?

I don't know when it changed (I'm not looking at it regularly) but that's what's in the handbook.

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[Benny’66]

I don't know when it changed (I'm not looking at it regularly) but that's what's in the handbook.

Great. It was 30%. I would rather put more down to reduce the payment+interest since I plan to buy the car outright at the end of the 36 months, if Ford sticks with the incentive ($2,500) and lower APR for the GTPE.

 

[tacobellcow]

I just got a notification that my vehicle is in and I messaged the dealer to get Ford Options pricing and they told me they don't offer a 48 month option. Then they came back with financing at 5.5% for a 36 or 39 month lease. I went back to the Ford Options site and technically speaking the Ford Options wording says that the vehicle is owned by the customer. If that's the case, then private financing should be available. So my question here is: has anyone done Ford options with private financing? Second question: is Ford Options a choice from the dealership?

 

[HuntingPudel]

The current Options program/incentives run from Oct 5th to Nov 1st.

I cannot say what the programs will be in the future past Nov 1st, but if history is a guide the Options programs/incentives have been renewed and not changed all year (except when the GT's were added). Purely a guess on my part, but I would think that the incentives would not change until the 22's start being delivered. But who knows?? ?‍

I hope this holds true (it probably will, but the future is anyone’s guess). I probably won’t be taking delivery until December.

 

[generaltso]

So my question here is: has anyone done Ford options with private financing?

Ford Options IS the financing. It's just a loan with a balloon payment. Private financing doesn't come into play with Options, as it's an offer through Ford Credit.

 

[HuntingPudel]

Great. It was 30%. I would rather put more down to reduce the payment+interest since I plan to buy the car outright at the end of the 36 months, if Ford sticks with the incentive ($2,500) and lower APR for the GTPE.

I’m also happy to hear we can put more than 30% down. I may not get to 45% (I have to evaluate at the time I’m picking up since everything is in flux due to my mom’s passing), but I am definitely going more than 30%.

 

[hybrid2bev]

I just got a notification that my vehicle is in and I messaged the dealer to get Ford Options pricing and they told me they don't offer a 48 month option. Then they came back with financing at 5.5% for a 36 or 39 month lease. I went back to the Ford Options site and technically speaking the Ford Options wording says that the vehicle is owned by the customer. If that's the case, then private financing should be available. So my question here is: has anyone done Ford options with private financing? Second question: is Ford Options a choice from the dealership?

Ford Options program (bonus cash and rates too) are only available with Ford Credit financing via the dealership.

It looks like you are from Michigan, yes Ford Options is available.

If you're dealer is struggling with figuring out Ford Options then send me a DM. I can have someone contact the dealer to help them out.

 

[Dmhccs]

My dealer told me ford options $2500 incentive (I’m in PA). 2.25% interest for my Premium or 1.4% interest for my GTPE. I have both coming at the end of thIs month, hopefully.

 

[deadduck]

Yeah, my dealer has already floated "we don't do options but have a similar program with a local bank". That is fine by me if that match the rate, residual, and rebate - but I doubt it!

How would you know? I couldn't reverse engineer Ford Options because of the mileage variable. It would be pretty easy for finance to pull some BS in there.

I'd never let a dealer do something like that without a lot of convincing that they probably couldn't pull off.

And, regarding your earlier post, yes, this needs to be spelled out loudly and clearly, with no vagueness. Vagueness is always trouble in this game.

 

[macchiaz-o]

How would you know? I couldn't reverse engineer Ford Options because of the mileage variable. It would be pretty easy for finance to pull some BS in there.

You actually can deduce the various amounts from the ford.com calculator, with experimentation. Check out my spreadsheet for starters.

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

 

[Mickey the T]

Yes, your dealer is correct. Maximum down payment (cash/rebates/incentives/trade equity) by not exceed 45% of the purchase price.

It was never clear to me if it was a mistake on the part of the finance manager, but my down payment (including incentives and rebate) was equal to 53% of the total cash price. 36-month, 7,500 miles Options financing. Almost all of the interest on my loan is due to the balloon payment.

 

[deadduck]

You actually can deduce the various amounts from the ford.com calculator, with experimentation. Check out my spreadsheet for starters.

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

That isn't bad. I have something similar for the financing, plus a 5-year TCO calculation, but I couldn't figure out how they did the options calculation.

 

[Thor2j]

My GT will be here in next few weeks. Can't get finance calculator to work on ford's website. Anybody know options interest rate in colorado and any incentives?? Rather go into dealer knowing what's up.
Thanks

 

[Davedough]

My GT will be here in next few weeks. Can't get finance calculator to work on ford's website. Anybody know options interest rate in colorado and any incentives?? Rather go into dealer knowing what's up.
Thanks

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

 

[Deleted member 5795]

I don't know when it changed (I'm not looking at it regularly) but that's what's in the handbook.

@hybrid2bev Just want to THANK YOU for all your support in this forum. You have been so helpful and appreciate your help!

My GT is expected by the 23rd this month to Caruso Ford in Long Beach CA so I sure hope they are educated on Ford Options financing. I already have it in writing that there is no ADM and they honor X-Plan so crossing fingers they dont try to force dealer add-ons.

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