Redundant
Well-Known Member
- First Name
- Jim
- Joined
- Nov 18, 2019
- Threads
- 18
- Messages
- 489
- Reaction score
- 545
- Location
- New Jersey
- Vehicles
- Mach-E 4X-Space White, 1 Ford Flex, 2 Ford Escapes
Thanks @ARK & @jhalkias. I have been worried about the tech changes that will undoubtedly be coming. Had decided to just hope for the best. However, four years seems about right on the options. Maybe I will do the same. God, I hate name "Balloon Payment". It just sounds like it is going to get bigger and bigger. I digress.I can’t speak to the NJ tax credit (I thought people in NJ were upset that it went away?), but the federal tax credit is not upfront, you use it to reduce taxes for 2021 when you file in April 2022.
If you go with Options, make the best guess for your mileage. If you’re wrong and drive way more, you can just buy the car to avoid any mileage penalties. And I can’t speak to Ford personally, but even if you exceed the mileage by a bit, lots of car companies waive the penalty if you get another car with them.
As for the tech, just because Ford will work with Google in the future doesn’t mean they will drop support for our vehicles. Anyway, separate from the infotainment, battery tech is advancing very fast and for that reason, a quasi-lease in the form of Options might be a better bet here then with non-electric cars as today’s electrics may be really behind electrics released for the 2025 model year.
I’m planning on going with Options on a 4 year term.
If I get bigger milage, does the balloon note go down, since I am paying more per month?
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