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

[jhalkias]

Just went back to the Ford order page since we are getting closer . . . Ford Options for my area shows a $2,500 incentive if delivery by 1/4/2021. Financing with Ford Credit you can get .9% for 48 months, but NO incentives. Wondering if this is what it will be at this point.

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[methorian]

Just went back to the Ford order page since we are getting closer . . . Ford Options for my area shows a $2,500 incentive if delivery by 1/4/2021. Financing with Ford Credit you can get .9% for 48 months, but NO incentives. Wondering if this is what it will be at this point.

Note that those offers are still location based. For my ZIP I only see $1000 inventive for Options and a 1.9% loan APR offer.

 

[Redundant]

How do you find the incentives? Do you have to go through the process of ordering a car, ie, picking a dealer, etc?

 

[KAustin]

How do you find the incentives? Do you have to go through the process of ordering a car, ie, picking a dealer, etc?

Yes, then select finance at the upper right corner.

 

[Redundant]

Yes, then select finance at the upper right corner.

Wow, no incentives in NJ. Just the .9% for loan.

 

[jhalkias]

Wow, no incentives in NJ. Just the .9% for loan.

But don't you guys in NJ (or is it youse guys?) have a $5,000 incentive from the state? We have none of that in OH.

 

[timbop]

Wow, no incentives in NJ. Just the .9% for loan.

If you select the "ford options" there's a $2500 incentive. I'm guessing it is a concession for the options rate being so bad

But don't you guys in NJ (or is it youse guys?) have a $5,000 incentive from the state? We have none of that in OH.

Yea, in joisey we got a deal you can't refuse

 

[RyZt]

I see $2500 Ford Options Retail Bonus Cash until 1/4/2021 with my zip code (northern California).

Can I pay off the entire Ford Options (including the balloon portion) a few days/weeks/months after taking delivery? In other words, I'd like to get the $2500 rebate without paying much interest.

 

[eltonlin]

I see $2500 Ford Options Retail Bonus Cash until 1/4/2021 with my zip code (northern California).

Can I pay off the entire Ford Options (including the balloon portion) a few days/weeks/months after taking delivery? In other words, I'd like to get the $2500 rebate without paying much interest.

I was looking at the same, but I don't think you can. You're essentially signing up for a subscription for 3-4 years.

 

[hybrid2bev]

I see $2500 Ford Options Retail Bonus Cash until 1/4/2021 with my zip code (northern California).

Can I pay off the entire Ford Options (including the balloon portion) a few days/weeks/months after taking delivery? In other words, I'd like to get the $2500 rebate without paying much interest.

Ford Options is a retail financing contract (with a balloon option) so it can be paid off early.

Though the dealer would usually want you to keep the loan open for a period of time (up to 90 days I think) so Ford does not charge them back on the rebate. Ford does not want dealers to encourage people to finance with Ford Credit just for the rebate so they put in a dis-incentive and can charge back for the dealers for the rebate amount if the customer pays off early.

 

[RyZt]

Ford Options is a retail financing contract (with a balloon option) so it can be paid off early.

Though the dealer would usually want you to keep the loan open for a period of time (up to 90 days I think) so Ford does not charge them back on the rebate. Ford does not want dealers to encourage people to finance with Ford Credit just for the rebate so they put in a dis-incentive and can charge back for the dealers for the rebate amount if the customer pays off early.

Yeah, I don't want to screw over my dealer. 3 or 4 months is totally fine.

 

[eltonlin]

Ford Options is a retail financing contract (with a balloon option) so it can be paid off early.

Yeah the key thing here is whether the contract allows for prepayment without penalties. Hard to find any info on this, but if there is such a clause, definitely worth waiting a few months before prepaying it all to claim the additional rebate.

 

[hybrid2bev]

Yeah the key thing here is whether the contract allows for prepayment without penalties. Hard to find any info on this, but if there is such a clause, definitely worth waiting a few months before prepaying it all to claim the additional rebate.

It'll be right here in the Regulation Z disclosures. This is an example of a Michigan contract (but review your contract before signing). Ford Options uses the normal retail installment contracts with an additional section filled out for the balloon.

And also on the back disclosures.

 

[eltonlin]

It'll be right here in the Regulation Z disclosures. This is an example of a Michigan contract (but review your contract before signing). Ford Options uses the normal retail installment contracts with an additional section filled out for the balloon.

And also on the back disclosures.

This is awesome. Thanks for the additional info!