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

Maaki

New Member
First Name
Sundeep
Joined
Jun 30, 2020
Messages
1
Reaction score
0
Location
Dallas Texas
First Name
Sundeep
Vehicles
RAV4
Occupation
Engineer
Country flag
Would I be able to trade-in my current (RAV4) if I choose Ford options ?
 

jhalkias

Well-Known Member
First Name
John
Joined
Mar 3, 2020
Messages
218
Reaction score
183
Location
Ohio
First Name
John
Vehicles
2016 Escape, 2019 Fusion Energi
Occupation
Benefit Fund Administrator
Country flag
Would I be able to trade-in my current (RAV4) if I choose Ford options ?
I’m sure you could but that would be between you and the dealer. I don’t think Ford would care.
 

timbop

Well-Known Member
First Name
Tim
Joined
Jan 3, 2020
Messages
754
Reaction score
705
Location
New Jersey
First Name
Tim
Vehicles
2015 Mustang Convertible, 2016 Dodge Durango
Occupation
Software Engineer
Country flag
Yes that is correct. You can work that out with your dealer.
Except that there's a cap on how much you can put down - $8998 on the Select, for example
 
OP
hybrid2bev

hybrid2bev

Well-Known Member
Joined
Dec 4, 2019
Messages
624
Reaction score
1,077
Location
USA
Vehicles
2017 C-Max Hybrid
Country flag
  • Thread starter
  • Thread Starter
  • #20
Except that there's a cap on how much you can put down - $8998 on the Select, for example
Yes, you're right, there is a max down payment on Ford Options (just like a lease). That's why I said work it out with the dealer. :D
 

jhalkias

Well-Known Member
First Name
John
Joined
Mar 3, 2020
Messages
218
Reaction score
183
Location
Ohio
First Name
John
Vehicles
2016 Escape, 2019 Fusion Energi
Occupation
Benefit Fund Administrator
Country flag
Yes, you're right, there is a max down payment on Ford Options (just like a lease). That's why I said work it out with the dealer. :D
Do you know if you can add more mileage to purchase beforehand like a lease? I drive about 31K a year. Or just do the max allowed if you are considering buying at the end anyway.
 
OP
hybrid2bev

hybrid2bev

Well-Known Member
Joined
Dec 4, 2019
Messages
624
Reaction score
1,077
Location
USA
Vehicles
2017 C-Max Hybrid
Country flag
  • Thread starter
  • Thread Starter
  • #22
Do you know if you can add more mileage to purchase beforehand like a lease? I drive about 31K a year. Or just do the max allowed if you are considering buying at the end anyway.
Additional miles may be added only at the time of vehicle sale when 19,500 mileage option is selected (eligibility varies by state). Check with your dealer.

If you're going to buy the vehicle out anyway then the mileage limit does not matter from a penalty perspective. But you could select the mileage based on how you want the buyout at the end to play out. For example, if you select really low miles option (7,500) you’ll have a lower monthly payment during the contract then your buyout will be higher (higher residual value). If you select higher mileage option (19,500) you’ll have a higher monthly payment during the contract then your buyout will be lower (lower residual value).
 
Last edited:

opennetus

Active Member
Joined
Jun 23, 2020
Messages
29
Reaction score
10
Location
USA
Vehicles
Ford Fusion
Country flag
Additional miles may be added only at the time of vehicle sale when 19,500 mileage option is selected (eligibility varies by state). Check with your dealer.

If you're going to buy the vehicle out anyway then the mileage limit does not matter from a penalty perspective. But you could select the mileage based on how you want the buyout at the end to play out. For example, if you select really low miles option (7,500) you’ll have a lower monthly payment during the contract then your buyout will be higher (higher residual value). If you select higher mileage option (19,500) you’ll have a higher monthly payment during the contract then your buyout will be lower (lower residual value).
I could see picking the lowest mileage Ford Options instead of a loan (when you are 100% committed to keeping the car), just to get a lower payment while still being able to retain a very good interest rate (which would be lost with a longer term traditional loan financing). The balloon amount at the end doesn’t matter since you can just refinance whatever amount it is into another low interest rate loan.

Though, if you typically drive a low/average amount like 10-12k a year, you might as well do a 12k since the monthly payment isn’t that much higher and you aren’t actually “losing” money (it is not a “fee”) since you will have a lower residual at the end. Guessing mileage accurately keeps your options open.

Are there “hidden” fees I am not aware of (if you keep the car) beyond the financing interest rate? Seems like, interest rate wise, Ford Options is no worse than a traditional (loan) financing for 48 months. The money saved from the lower monthly payments could just be placed into a 100% safe investment, like bank CDs, and then be used to pay the residual at the end. As long as that investment Income (minus income tax) is better than the loan interest rate, you are better off paying off the car as slowly as possible.
 

GoGoGadgetMachE

Well-Known Member
First Name
Michael
Joined
Jan 23, 2020
Messages
79
Reaction score
73
Location
Ohio
First Name
Michael
Vehicles
2013 Ford Fusion Energi, 2020 Mach-E First Edition (reservation)
Country flag
When researching Ford Options, don't worry if the numbers seem to be a bit.. strange looking. They are supposed to be wavy. ;)

1593699805166.png
 
Top