pooter03
Well-Known Member
- First Name
- Andrew
- Joined
- Jun 24, 2020
- Threads
- 10
- Messages
- 65
- Reaction score
- 151
- Location
- New Jersey
- Vehicles
- 2021 Mach E Premium
- Occupation
- IT
- Thread starter
- #16
I'm at the end of my current lease for a Kia Optima PHEV. The MSRP was about $41,000 and the residual value after 3 years was about $18,500. Being that the Mach E is $10,000 more expensive, I wonder if the residual be closer to the mid or upper 20s?I'm in NJ as well. I think your residual is probably too high. Also the NJ credit is $5,000, not $7,500.
Here's the assumptions I was going off of when calculating "Ford Options":
Ford "Options" MSRP Mustang Mach E Premium 50,000 Std Range AWD 2,700 Infinite Blue Paint 400 D&D 1,100 Total MSRP 54,200 X Plan Discount (2% less $275) (779) Cost basis 53,421 Down Payment (cash) (7,000) Trade In (3,000) Tax Credit (IRS) (7,500) Tax Credit (NJ) (5,000) Total amount financed 30,921 Balloon Payment 18,697 35%Interest Rate 4.00%Term (months) 36 Payment per month $423.22Total cost to purchase 40,933.10
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