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

[PBog]

I just signed my paperwork today for the Ford Options plan, I don’t see anywhere on the paperwork where it explicitly states it’s the Ford Options plan. I was wondering if anyone else’s finance paperwork states it?

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[generaltso]

I just signed my paperwork today for the Ford Options plan, I don’t see anywhere on the paperwork where it explicitly states it’s the Ford Options plan. I was wondering if anyone else’s finance paperwork states it?

Does it show a balloon payment?

 

[PBog]

Does it show a balloon payment?

yes it does show a balloon payment.

 

[generaltso]

yes it does show a balloon payment.

Then it's almost certainly an Options contract. Just double check that you got the 2.25% interest rate and the payments and term are what you were expecting.

 

[Echostorm]

I'm leaning to Options mostly because I think the EV (esp the battery bit) market will be drastically different in 3 years and the FMV on these are going to fall more than it does normally for an ICE vehicle and I'll want whatever space laser car they have then. If I'm wrong and things haven't changed much no harm done, I'll just pay it off and keep it.

 

[Chiefsfan]

Then it's almost certainly an Options contract. Just double check that you got the 2.25% interest rate and the payments and term are what you were expecting.

How can you verify the rate?

 

[generaltso]

How can you verify the rate?

It will be in one of the boxes at the top of the contract. It looks something like this:

 

[Chiefsfan]

What do the numbers look like on options for a Premium EX4?

 

[generaltso]

What do the numbers look like on options for a Premium EX4?

There are way too many variables to answer that question. Use the finance calculator on the Ford website to play with the numbers. Just keep in mind that the calculator doesn't include tax, title, reg, etc.

 

[PBog]

I'm leaning to Options mostly because I think the EV (esp the battery bit) market will be drastically different in 3 years and the FMV on these are going to fall more than it does normally for an ICE vehicle and I'll want whatever space laser car they have then. If I'm wrong and things haven't changed much no harm done, I'll just pay it off and keep it.

That’s why we went with options....we feel things are going to change/improve quickly over the next few years.

 

[PBog]

Then it's almost certainly an Options contract. Just double check that you got the 2.25% interest rate and the payments and term are what you were expecting.

yes, I see the 2.25%. It was concerning me that it didn’t say Ford Options, but I guess I am good! ?

 

[Chiefsfan]

I just signed my paperwork today for the Ford Options plan, I don’t see anywhere on the paperwork where it explicitly states it’s the Ford Options plan. I was wondering if anyone else’s finance paperwork states it?

What rates and incentives were you given? I was told 2.25% and $1100 cash. I’m in Missouri.

 

[PBog]

What rates and incentives were you given? I was told 2.25% and $1100 cash. I’m in Missouri.

I got $2600 in incentives and 2.25% interest.... I’m in MA

 

[Ach16]

Just wondering if the credit score is a key factor in getting the 2.25% rate?

 

[macchiaz-o]

Just wondering if the credit score is a key factor in getting the 2.25% rate?

Ford's scoring is proprietary, but it's pretty likely that there's a correlation between your credit score and Ford's credit "tier" scoring. I think the 2.25% APR is reserved for Tier 0 and Tier 1 customers. You won't know your tier until the dealer runs your numbers through Ford Credit's system.

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