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- Dec 11, 2019
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- 2021 Mach E First Edition Grabber Blue.....GOT IT!
- insurance agent
Ummm. Yes there is a GUARANTEE. The balloon value is guaranteed. If it is worth more you win by having the difference credited to your new car or you pay it off or refi the rest. Regardless it is a win. If it is worth less then you still win because you turn it back in. You really cannot loose. Ford says straight out that Ford options is NOT a traditional lease. What you call it is irrelevant. What it does is totally relevant. If you plan on only owning it for 3 years you do the option plan just like you would do a lease. Like I said the name is irrelevant but what your long term is the only thing that matters. If like me you want to stop making car payments and trust the science that BEV can do 259,009 plus then the term is irrelevant and instead it comes down to the concept that one day you will stop making car payments or down the road you can trade it in on YOUR terms rather then at a specific time frame.And if you were half as smart as you purport to be then you'd understand the difference between form and substance. Ford Options is a lease like product. Quibble all you want but there is no substantive difference in how Ford Options and an Open Ended lease works.
And, unlike some, I don't need to Google basic terms like these! LOL And if you want to be picky about form, there is no "guaranteed buyback" in Ford Options. You simply return the vehicle and a credit in the amount of the balloon is applied to your account.