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

Tngo23

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Thanks for that info. I would need to look at the zip for where I live and not the zip for the dealer where I'm picking up correct? Live in Ohio and picking up in upstate NY. Is it possible dealer is adding 2% to somehow get more money? I thought the ford rate was the ford rate for options?
Here is what I used and received when I picked up my GTPE on 3/31/22 at Folsom Lake Ford/No. CA

1.4% @ 48 mo...., $3250 incentive plus the $500 deposit from 10/21/21 When I ordered from the Dealership.....
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Dewey

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Thanks for that info. I would need to look at the zip for where I live and not the zip for the dealer where I'm picking up correct? Live in Ohio and picking up in upstate NY. Is it possible dealer is adding 2% to somehow get more money? I thought the ford rate was the ford rate for options?
Correct. Your zip code where you live/will title. I believe it is certainly possible they are bumping the rate.
 

RickMachE

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Do we know if there are any incentives for the ford options plan? I've tried a few different ways to get the incentive information but got no luck.

1. I went to the ford mach-e website and try to place an order so that I can see the payment calculator in the top right corner. However, the order bank has been closed and the website does not allow me to build, let alone see the payment calculator.
2. https://www.ford.com/finance/finance-options/ford-options/ it shows that f-150 also qualifies for the options plan. However, when I try to make a build and click the payment calculator on the top right corner, it won't show the options plan. It only shows finance and lease, under finance there is no choice of options plan.
3. I looked into the current inventory and found a vehicle I'm interested in, there is a `click to see monthly price` button. However, after clicking this button, I still did not find anything related to the options plan.

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The SE Michigan incentive is $1,000.

Depending on when you ordered a 2021 (mine was May), Ford options could have been 2.25%. In addition, a Ford Credit loan (not Options) could have been 0.9%, the rate I got on 7/2/21 (and will likely take again on my 2022 ordered on 5/29/21).
 

Chase1298

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With Ford not accepting orders for the Mach E anymore for a while I can't find anywhere that has a calculator for Ford Options. I am thinking of getting one and Ford Options would likely be the way I go just wondering if there was a calculator out there so I could estimate my monthly payment
 

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AKgrampy

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Does this mean, I can finance 60 months and do 0% interest? that looks very appealing if right?!!
No - I think 36 and 48 are the only options. Should blank out or say N/A for other timeframes. At least that is what I think.
 

ChuckA

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My dealership is doing every single step wrong from the start to the end. After 7 days, I finally got the contract to e-sign and realized it is 48 months, not 36 months I asked like ten times. The worst part is they always send this a minute before they close, so cannot fix it until tomorrow.

By the way, does the Options contract include taxes in cash value? I found the number very different from what I calculated. It might be because of the extra 12 months but wonder if taxes or other fees are included. There is no bill to check how it breaks down. Actually, it should be similar to the correct price, but the digits .22 cannot appear with the sales tax and X-Plan... so weird.

Plus, they omitted my $500 deposit. I knew it :(
Options is a purchase. The taxes are charged on the entire purchase price of the MME and included in the amount financed. There will be no tax on the residual which is really the last payment, #36 or #48.

Maybe they offered 48 months financing because at 36 months the payment was too high to be approved. Just my guess.

Or this is a lease in which tax is paid on installments and on residual, when billed. In a lease you are not the owner and would not get the tax credit. If the paperwork shows you as owner, it may be Options. If it shows any other party as owner, it’s not what you want.
 
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minjaep

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Options is a purchase. The taxes are charged on the entire purchase price of the MME and included in the amount financed. There will be no tax on the residual which is really the last payment, #36 or #48.

Maybe they offered 48 months financing because at 36 months the payment was too high to be approved. Just my guess.

Or this is a lease in which tax is paid on installments and on residual, when billed. In a lease you are not the owner and would not get the tax credit. If the paperwork shows you as owner, it may be Options. If it shows any other party as owner, it’s not what you want.
I actually finished the purchase a week ago and updated somewhere else. TLDR; they just screwed with numbers. They manually input the price which is neither MSRP nor X-Plan one. It was some weird number that cannot appear from any formula.

Also they gave me a quote for Ford Options48 just because they thought I want that without asking me. There was no problem to update the contact for 36 months.

Another reason why numbers were off was because they use some arbitrary residual which was like 49% or so. I couldn’t find any resource how that number came out.

Also they charged me less than the actual registration/title fee, while not charging for inspection fee. In the end, I found the final number is in favor to me, so I just signed it without pointing out their errors.
 

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I actually finished the purchase a week ago and updated somewhere else. TLDR; they just screwed with numbers. They manually input the price which is neither MSRP nor X-Plan one. It was some weird number that cannot appear from any formula.

Also they gave me a quote for Ford Options48 just because they thought I want that without asking me. There was no problem to update the contact for 36 months.

Another reason why numbers were off was because they use some arbitrary residual which was like 49% or so. I couldn’t find any resource how that number came out.

Also they charged me less than the actual registration/title fee, while not charging for inspection fee. In the end, I found the final number is in favor to me, so I just signed it without pointing out their errors.
Grade A operation out there! For the life of me I don’t understand how a dealership can be so clueless Or dishonest if they did that on purpose.
 
OP
OP
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Dewey

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So my dealer told me all the incentives is locked at the time you order , is this correct ?

i ordered mach e GT on 3/11/22

Ty for your info
It is my understanding and I think most would agree, that you can choose incentives at time of order or at time of delivery with price being protected from the time of order.

Now getting your particular dealer to agree or honor that is where it gets messy.
 

ChuckA

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I actually finished the purchase a week ago and updated somewhere else. TLDR; they just screwed with numbers. They manually input the price which is neither MSRP nor X-Plan one. It was some weird number that cannot appear from any formula.

Also they gave me a quote for Ford Options48 just because they thought I want that without asking me. There was no problem to update the contact for 36 months.

Another reason why numbers were off was because they use some arbitrary residual which was like 49% or so. I couldn’t find any resource how that number came out.

Also they charged me less than the actual registration/title fee, while not charging for inspection fee. In the end, I found the final number is in favor to me, so I just signed it without pointing out their errors.
As long as you are listed as owner on the paperwork. BTW, somebody on the forum published the schedule of residual percents. I recall 40% for 36 month and 33% for 48 months (all assuming 15,000 miles per year). Could be wrong on the numbers but it’s close.

Congrats on surviving the process. It’s a nightmare.


 
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hook13

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So I'm only seeing 500 for ford options as well for IL, is there any way to check to see what it would have been when I placed the order back in 9/2021? Car should be here in a few days, not sure that it's worth doing options for just 500 if I intend to pay off right away?
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