"Ford Options" Mach-E Lease vs standard lease - similarities and differences

AndyS_OSU

Well-Known Member
Joined
Nov 26, 2019
Messages
545
Reaction score
784
Location
Texas
Vehicles
2017 Chevrolet BoltEV
Occupation
Educator
Country flag
That article says exactly what we’ve been telling you:

The above lease residuals are specifically for the Ford Options program. The standard lease residuals could potentially be better given the exclusion of a $7,500 tax savings
Homie...you are arguing with someone who works at Ford Credit. Maybe trust that he knows what he's talking about???





Advertisement

 

trutolife27

Well-Known Member
Joined
Jul 13, 2020
Messages
2,495
Reaction score
11,343
Location
Bourbon Country.
Vehicles
Lincoln mkx , Ford f-150
Country flag

trutolife27

Well-Known Member
Joined
Jul 13, 2020
Messages
2,495
Reaction score
11,343
Location
Bourbon Country.
Vehicles
Lincoln mkx , Ford f-150
Country flag
Sorry I did not. Ok. Time for me to shut up.
I asked around myself to double and triple check all of this. Hybird is 100% right. He has even been more right with letting the info out early also. Trust what he says he won't lead you wrong. We are mache family here all good to discuss back and forth and get the right answers.

Have to pass the time somehow right?
 

Woeo

Well-Known Member
First Name
Woeo
Joined
Feb 2, 2020
Messages
488
Reaction score
476
Location
Maryland
First Name
Woeo
Vehicles
Fusion Energi
Country flag
. We are mache family here all good to discuss back and forth and get the right answers.

Have to pass the time somehow right?
Here’s a question for any of the insiders.

With X-plan on the MME there is the 2% discount on non-freight MSRP, the full destination charge, plus an admin charge of $275 and all state, and local taxes, license and title fees.

If my dealer normally charges a $300 dealer processing fee do the plan rules allow that charge plus the $275 or is the $275 in lieu of the dealers normal processing fee?

I found this language describing Ford’s X-plan rules that seems to indicate that I should expect the $275 plan admin fee plus a dealer processing/document fee, but that dealer fee would be limited to $100.

“ Dealers will be permitted to assess up to $100 in documentary fees on each delivery to an eligible purchaser under the terms of the Plan, unless otherwise provided by state or local laws or regulation. Each dealer is responsible for complying with applicable laws or regulations. Unless otherwise provided by state or local laws or regulation: In states where dealers are not permitted to charge as much as $100 for doc fees, dealers would be capped at the lesser amount as provided by the state. In states that permitted more than $100, dealers would be permitted to charge the Plan customer $100. In states that permitted more than $100 and also required that all customers be charged the same amount, dealers may charge the Plan customer $100 and indicate any additional fees have been paid by Ford Motor Company or Lincoln Motor Company as part of the AXZD-Plan Program dealer reimbursement on the buyer's order.”
 
Last edited:
OP
hybrid2bev

hybrid2bev

Well-Known Member
Joined
Dec 4, 2019
Messages
1,652
Reaction score
4,223
Location
USA
Vehicles
2021 Mustang Mach-E Premium 4X, 2020 Explorer ST
Country flag
  • Thread starter
  • Thread Starter
  • #204
Here’s a question for any of the insider’s.

With X-plan on the MME there is the 2% discount on non-freight MSRP, the full destination charge, plus an admin charge of $275 and all state, and local taxes, license and title fees.

If my dealer normally charges a $300 dealer processing fee do the plan rules allow that charge plus the $275 or is the $275 in lieu of the dealers normal processing fee?

I found this language describing Ford’s X-plan rules that seems to indicate that I should expect the $275 plan admin fee plus a dealer processing/document fee, but that dealer fee would be limited to $100.

“ Dealers will be permitted to assess up to $100 in documentary fees on each delivery to an eligible purchaser under the terms of the Plan, unless otherwise provided by state or local laws or regulation. Each dealer is responsible for complying with applicable laws or regulations. Unless otherwise provided by state or local laws or regulation: In states where dealers are not permitted to charge as much as $100 for doc fees, dealers would be capped at the lesser amount as provided by the state. In states that permitted more than $100, dealers would be permitted to charge the Plan customer $100. In states that permitted more than $100 and also required that all customers be charged the same amount, dealers may charge the Plan customer $100 and indicate any additional fees have been paid by Ford Motor Company or Lincoln Motor Company as part of the AXZD-Plan Program dealer reimbursement on the buyer's order.”
Here is what the program rules say.

So the $275 Admin fee is already baked into the AXZ plan pricing. The Doc Fee is an additional fee and limited as described below.

1611234990942.png


1611235012020.png
 

dtbaker61

Well-Known Member
First Name
Dan
Joined
May 11, 2020
Messages
234
Reaction score
184
Location
santa fe,nm
Website
www.envirokarma.org
First Name
Dan
Vehicles
MME (delivered 2/26/21), DIY eMiata conversion
Occupation
Solar Sales/install
Country flag
ok.... I've read thru the 14 pages of this thread, got a little confused, but trying to boil down what the 'best' financing plan will be for me. I realize everybody's conditions are different; here's mine in a nutshell:

- I am still working, and have tax liability, so tax credit is great for me.
- I COULD pay cash, but I would prefer to have that $50k MME 'liquid' to cover potential hiccups in income as I am self-employed and monthly income is variable
- my local CU pays me 2% on my cash balance, and is offering 2.25% on 60month new car loan, so the more cash I can leave at my bank, the better.
- my annual milage will be around 7k miles, 10k at the very most.

If I can get a Ford Options financing at 0.9%, for 48mo, that would leave a big balloon at the end, but thats fine. I don't really care whether the monthly payments are lower, and at .9% it seems like I am better off letting the cash earn me 2% at the bank?

The part I really don't get is the $2500 incentive for using the options program.... what is that and where does it come in?
 

eltonlin

Well-Known Member
Joined
Oct 4, 2020
Messages
863
Reaction score
1,092
Location
NorCal
Vehicles
FE Gray
Country flag
ok.... I've read thru the 14 pages of this thread, got a little confused, but trying to boil down what the 'best' financing plan will be for me. I realize everybody's conditions are different; here's mine in a nutshell:

- I am still working, and have tax liability, so tax credit is great for me.
- I COULD pay cash, but I would prefer to have that $50k MME 'liquid' to cover potential hiccups in income as I am self-employed and monthly income is variable
- my local CU pays me 2% on my cash balance, and is offering 2.25% on 60month new car loan, so the more cash I can leave at my bank, the better.
- my annual milage will be around 7k miles, 10k at the very most.

If I can get a Ford Options financing at 0.9%, for 48mo, that would leave a big balloon at the end, but thats fine. I don't really care whether the monthly payments are lower, and at .9% it seems like I am better off letting the cash earn me 2% at the bank?

The part I really don't get is the $2500 incentive for using the options program.... what is that and where does it come in?

IF you qualify, it'd be 1.9% @ 60 months for Ford Credit. 0.9% only applies to Ford Credit traditional financing loan.

Ford Options - for the same tier - would be 2.25%, and you would have a balloon payment at the end of the term, at which point in time you can finance the remainder/pay it in full, or turn in the car. The $2500 incentive for Options is considered like cash and applied to the loan as downpayment.
 
OP
hybrid2bev

hybrid2bev

Well-Known Member
Joined
Dec 4, 2019
Messages
1,652
Reaction score
4,223
Location
USA
Vehicles
2021 Mustang Mach-E Premium 4X, 2020 Explorer ST
Country flag
  • Thread starter
  • Thread Starter
  • #209
ok.... I've read thru the 14 pages of this thread, got a little confused, but trying to boil down what the 'best' financing plan will be for me. I realize everybody's conditions are different; here's mine in a nutshell:

- I am still working, and have tax liability, so tax credit is great for me.
- I COULD pay cash, but I would prefer to have that $50k MME 'liquid' to cover potential hiccups in income as I am self-employed and monthly income is variable
- my local CU pays me 2% on my cash balance, and is offering 2.25% on 60month new car loan, so the more cash I can leave at my bank, the better.
- my annual milage will be around 7k miles, 10k at the very most.

If I can get a Ford Options financing at 0.9%, for 48mo, that would leave a big balloon at the end, but thats fine. I don't really care whether the monthly payments are lower, and at .9% it seems like I am better off letting the cash earn me 2% at the bank?

The part I really don't get is the $2500 incentive for using the options program.... what is that and where does it come in?
As @eltonlin describes you are mixing two different financing programs.

1. APR financing for Tier 0/1 approvals is 0.9% x 48 months as you mentioned but there are no rebates/cash incentives.

2. Ford Options for Tier 0/1 approvals is 2.25% x 35 or 47 monthly payments + 1 balloon note payment. PLUS in addition a Ford Options exclusive incentive of $2500/$1000 depending on where you live. This incentive is a bonus cash program and is treated like a rebate.
 

NoMoShocks

Well-Known Member
First Name
Larry
Joined
Jul 9, 2020
Messages
207
Reaction score
266
Location
Camas, WA
First Name
Larry
Vehicles
2017 Chevy Bolt Premier EV, 2018 Mitsubishi Outlander GT PHEV
Occupation
Electrical product safety engineer
Country flag
As @eltonlin describes you are mixing two different financing programs.

1. APR financing for Tier 0/1 approvals is 0.9% x 48 months as you mentioned but there are no rebates/cash incentives.

2. Ford Options for Tier 0/1 approvals is 2.25% x 35 or 47 monthly payments + 1 balloon note payment. PLUS in addition a Ford Options exclusive incentive of $2500/$1000 depending on where you live. This incentive is a bonus cash program and is treated like a rebate.
Were would I look to see if Washington State gets a $1000 or a $2500 rebate with Ford Options?
 

Advertisement





 


Advertisement
Top