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

[hybrid2bev]

Is the APR different across the country? I'm in Ohio and I have no rebate, nor do I have a competitive APR.

No. The programs are national, except for the states where Ford Options is not available. (rates are not different by state). The rate will vary by approval tier (tier 0/1 are the same).

There’s the same incentives and programs for the 2021’s as last month.

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[hybrid2bev]

I'm still confused, lol. It states that in order to get the $1,000 Ford credit bonus cash that you have to "take new retail delivery from dealer stock by 11/01/2021". It is impossible to for a 2022 to be delivered by that date, so wouldn't you consider it to be erroneous?

I’m not saying it’s physically possible. I’m just saying that is how the program is setup. The current programs run through Nov 1st.

We don’t know if it will be extended or not. But if history is a guide (Ford Options has been extended for about a year) it probably will be updated after Nov 1st.

 

[Bullitt_&_MME]

No. The programs are national, except for the states where Ford Options is not available. (rates are not different by state). The rate will vary by approval tier (tier 0/1 are the same).

There’s the same incentives and programs for the 2021’s as last month.

Can you elaborate on approval tiers? Does this tie into Credit Score/Rating?

 

[hybrid2bev]

Can you elaborate on approval tiers? Does this tie into Credit Score/Rating?

Approval tiers range from 0 to 5, zero being the highest, 5 the lowest.

The scoring models that assign the tiers are complex and proprietary. Your FICO score is only one of many, many variables. So, no FICO score does not directly correlate to what tier the model assigns you.

 

[Lord Polymath]

Is there any way to determine and/or lock in the refinancing % when the balloon payment is due? So many variables and things to consider but if the percentage rate goes through the roof when time to finance that balloon payment, I might as well not do it. Balloon payments scare me.

 

[hybrid2bev]

Is there any way to determine and/or lock in the refinancing % when the balloon payment is due? So many variables and things to consider but if the percentage rate goes through the roof when time to finance that balloon payment, I might as well not do it. Balloon payments scare me.

https://www.macheforum.com/site/threads/applying-for-ford-credit.10487/post-262729

 

[Jim Guthry]

FWIW, just walked out of dealership in Washington with a GTPE, Ford Options 36 mo, 2.4% + 2500 cash.

P.S. Only one keyfob... But included (and tried out) Blue Cruise!

 

[Lord Polymath]

https://www.macheforum.com/site/threads/applying-for-ford-credit.10487/post-262729

Gracias.

 

[generaltso]

FWIW, just walked out of dealership in Washington with a GTPE, Ford Options 36 mo, 2.4% + 2500 cash

Are you sure it wasn't 1.4%?

 

[Jim Guthry]

Are you sure it wasn't 1.4%?

Yep, 2.40% w/ 837 credit score on 36 month.

 

[generaltso]

Yep, 2.40% w/ 837 credit score.

Too bad you didn't check here first. Looks like the dealer padded that interest rate for some extra profit.

 

[Jim Guthry]

Too bad you didn't check here first. Looks like the dealer padded that interest rate for some extra profit.

How would they do that if it's through Ford Credit?

 

[generaltso]

How would they do that if it's through Ford Credit?

Because Ford Credit allows dealers to mark up the interest rate.

 

[Jim Guthry]

Because Ford Credit allows dealers to mark up the interest rate.

Gotcha, wish that was somehow visible in the paperwork. Looks like they made about $1500 then which is roughly what I saved with x-plan. I'm not too upset, I've been under the impression the Mach-e is a pretty low margin deal for dealerships all things considered and they've gotta make a buck (for now)

 

[Dmhccs]

Anyone recently go with Ford Options in PA? My dealer is telling me that the rebate is $1000, not $2500. It used to be $2500. I’m just trying to get clarification. Thanks!

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