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

[rcechinel]

Why does it say 2022 Mustang? I’m currently working on a 2024 GT lease deal and best im getting is $1000 total at signing (including taxes and fees) with $625 a month. Curious about your deal!

That's my trade in. I have 16.5k in negative equity I'm rolling into the deal.

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[Stang68]

That's my trade in. I have 16.5k in negative equity I'm rolling into the deal.

Ah ok, so you’re getting the $11,500 rebates from Ford plus a dealer discount on top of that?

 

[ChehRob]

The Lightning and MME (I've read little about the EV Transit) were the first generation of mass production EVs, and as such are a first-rate effort. I am assuming that software will be largely bug free by the end of 2025. Note to Ford - for customer loyalty you better get that done. Ford is working, we have been told, on the second-generation skateboard platforms for both of these models. Those new skateboards will allow Ford to go for multiple models, maybe even a new sedan, SUVs, 7 seaters, Vans, Airporters (actually the EV Transit is not a bad product), pickups, name it.

 

[rcechinel]

The Lightning and MME (I've read little about the EV Transit) were the first generation of mass production EVs, and as such are a first-rate effort. I am assuming that software will be largely bug free by the end of 2025. Note to Ford - for customer loyalty you better get that done. Ford is working, we have been told, on the second-generation skateboard platforms for both of these models. Those new skateboards will allow Ford to go for multiple models, maybe even a new sedan, SUVs, 7 seaters, Vans, Airporters (actually the EV Transit is not a bad product), pickups, name it.

That would be great. I just don't see movement in that direction.

 

[Anton]

2021 Premium eAWD Job 2
23,520 current miles, anything over 22,636 is an extra $0.25/mi if returning it to Ford.
Ford Options @ 2.49% interest
35 payments of $1,094 (I think the dealer took advantage of me here, lesson learned)
Final balloon payment of $26,220 due on 2/2/2025.

KBB showing private party value of 30k and trade in 26k. Similar cars on Carvana going for 32k.

I also have about 5k in modifications to the car - ppf, ceramic coat, upgraded suspension.

Leaning on keeping the car unless there is a huge incentive to trade it in. We like the car, but ultimately would prefer something bigger given the growing family size.

Anybody have suggestions?

From what I gather in the last few pages of this forum I can contact Ford Credit to refinance the balloon payment within 30 days of the due date.

Asked myself, would I buy this car for $26k @2.5% for 3 years 0% down?
Ended up keeping it.

 

[KAustin]

Asked myself, would I buy this car for $26k @2.5% for 3 years =% down?
Ended up keeping it.

I'll be in the same boat next month with my FE. 37k miles. Runs perfectly and in flawless condition. Keeping it.

 

[Mgayle83]

Speaking for myself and not Ford, explaining this to you as I would to any friend:

There are subtle differences. The big picture is that Ford Options and a traditional lease are more similar than different.

Ford Options choices at the end of the contract term are:
1. Return – Transfer ownership of the vehicle to Ford Credit (like a lease turn-in, with mileage and excessive use charges)

2. Renew – Trade-in/Sell the vehicle, any accumulated equity may be available for use as down payment

3. Retain – Payoff or refinance the balloon note amount through Ford Credit (like buying out your lease by paying the agreed lease purchase price/residual value)

Differences:
Ford Options is a retail contract, so the title is in the customer name. For standard leases the title is in the lease company name. Because Ford Options are retail contracts instead of leases there may be differences in how the transactions are taxed depending on where you live (in the monthly payments vs. all upfront at time of sale) so consult your dealer.

Ford Options is available in most states, you'll need to discuss financing options with your dealer.

This was a really great explanation. Thanks. I’m in my last year of the ford options purchase, debating on if I’m keeping it or not.

 

[jetermeyer]

Do you get the $7500 EV credit with the options plan since it is in your name? I thought you only got that on the lease.

 

[JRB100]

Do you get the $7500 EV credit with the options plan since it is in your name? I thought you only got that on the lease.

The $ 7500 EV credit applies to Ford Options since the buyer is technically buying the car.

 

[RickMachE]

Do you get the $7500 EV credit with the options plan since it is in your name? I thought you only got that on the lease.

Got. Options was discontinued long ago.

 

[Triggerhappy007]

Do you get the $7500 EV credit with the options plan since it is in your name? I thought you only got that on the lease.

It ended when Ford lost the full credit in 2023.

 

[vinny2487]

I have my 30 day window starting in June. Ford actually sent me an automated email today reminding me of this.

Can anyone answer why Ford doesn't have an online portal to do this for Ford Options? It's incredibly dumb to not have a process online that is much faster than waiting 20+ minutes and having to deal with customer service reps who are clueless about Ford's own financing options.

 

[hybrid2bev]

I have my 30 day window starting in June. Ford actually sent me an automated email today reminding me of this.

Can anyone answer why Ford doesn't have an online portal to do this for Ford Options? It's incredibly dumb to not have a process online that is much faster than waiting 20+ minutes and having to deal with customer service reps who are clueless about Ford's own financing options.

Because Ford Options was a niche product that is no longer available. A very limited number of people have Ford Options now and even fewer actually refinance. No sense in spending money to build an online process for a finance program that has no long term future.

There’s written procedures but the agents have to remember the rules for a program that is very rare and a process that is not the norm.

 

[fpasta]

I have my 30 day window starting in June. Ford actually sent me an automated email today reminding me of this.

The day I signed is coming up in a couple of months. This 30 Day window you speak. This is when I need to schedule some kind of an appointment with the finance person. I am ready to pay the car off. Should I wait and give the last "check" when i meet the finance person. Or what happens pay it off all off now.

 

[luckie]

The day I signed is coming up in a couple of months. This 30 Day window you speak. This is when I need to schedule some kind of an appointment with the finance person. I am ready to pay the car off. Should I wait and give the last "check" when i meet the finance person. Or what happens pay it off all off now.

if you are just paying off the loan, all you need do is give them the money.

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