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

[kennethjk]

Are you sure it wasn't 1.4%?

Is the interest rate the same across the entire country and the same for all versions of the MME?

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[generaltso]

Is the interest rate the same across the entire country and the same for all versions of the MME?

The interest rate is the same across the country, except for the few states that don't allow Options at all. If you have a good enough credit rating, the current rate is 1.4% for the GT models and 2.25% for all other models.

 

[kennethjk]

The interest rate is the same across the country, except for the few states that don't allow Options at all. If you have a good enough credit rating, the current rate is 1.4% for the GT models and 2.25% for all other models.

Thanks, my dealer had told me it was 2.25 for a premium model

 

[generaltso]

Thanks, my dealer had told me it was 2.25 for a premium model

That's correct.

 

[roz]

That's correct.

I tried to run the CR1 trim through the Ford ordering website and it shows a $2500 incentive, 2.7% APR for my zip code.

 

[generaltso]

I tried to run the CR1 trim through the Ford ordering website and it shows a $2500 incentive, 2.7% APR for my zip code.

That's showing you the rate for a 2022.

 

[roz]

That's showing you the rate for a 2022.

Ah gotcha, thanks!

 

[BunsOfSteel]

The interest rate is the same across the country, except for the few states that don't allow Options at all. If you have a good enough credit rating, the current rate is 1.4% for the GT models and 2.25% for all other models.

Any idea the credit rating cut-off? My dealer in CA is quoting me 2.25 for a GT. Hoping to figure this out before car is supposed to come next week. Thanks

 

[blahmeh14]

Seems like the APR has risen to 5%… At least, that’s what I’m seeing on the website after yesterday.

Seems like they might really be trying to disincentivize Ford Options given the demand at the moment?

 

[macchiaz-o]

Seems like the APR has risen to 5%… At least, that’s what I’m seeing on the website after yesterday.

Seems like they might really be trying to disincentivize Ford Options given the demand at the moment?

No. The web site information is inaccurate. Check with your dealer for accurate rates.

 

[blahmeh14]

No. The web site information is inaccurate. Check with your dealer for accurate rates.

Hmm, any idea why the website is inaccurate? Seems like that’s something they’d want to get corrected asap given how much shopping for cars goes on online these days. People might see that APR and run away without even talking to a dealer!

 

[macchiaz-o]

Hmm, any idea why the website is inaccurate? Seems like that’s something they’d want to get corrected asap given how much shopping for cars goes on online these days. People might see that APR and run away without even talking to a dealer!

It's been wrong for about a month... Lots and lots of posts about this. I don't know why it's wrong.

One thing though -- the latest incentives/rates expired after 11/1. So today, 11/2, we should be seeing a refresh. We don't know yet if they are staying the same as last month or if there are changes.

 

[blahmeh14]

It's been wrong for about a month... Lots and lots of posts about this. I don't know why it's wrong.

One thing though -- the latest incentives/rates expired after 11/1. So today, 11/2, we should be seeing a refresh. We don't know yet if they are staying the same as last month or if there are changes.

Sorry for not looking at the previous posts — I’m a newb here!!

This is probably answered in previous posts too… but, it’s my understanding that APR is set at the prevailing rate of when you take delivery of the car, and it’s not locked in at the time of reservation. Is that correct?

 

[macchiaz-o]

Sorry for not looking at the previous posts — I’m a newb here!!

This is probably answered in previous posts too… but, it’s my understanding that APR is set at the prevailing rate of when you take delivery of the car, and it’s not locked in at the time of reservation. Is that correct?

Ah, welcome to the forum!

Yes, you are correct. If you choose to finance through Ford Credit, then the rates and incentives that they can offer to you are determined during the purchase/delivery transaction, not when you place a custom order.

 

[kevhuynh]

Is the $2500 Ford Options still available? I know the Ford website is quirky but I just used the calculator yesterday and it was there. The incentive is 0 on the calculator right this moment.

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