AndyS_OSU
Well-Known Member
- Joined
- Nov 26, 2019
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- Location
- Texas
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- 2017 Chevrolet BoltEV
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- Educator
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- #1
Disclaimer: I’m no accounting savant.
Out of curiosity I went back to the Ford website and priced out my exact build, went to the payment estimator, and then Ford Option.
Now I know rates may change come November or December and that the residuals change from month to month, but with the current advertised 2.25% APR for Ford Option, the $1000 incentive they currently list on the estimator for my region, knowing that Ford acquisition fee is $595, doc fee $150, and DMV stuff about $225 where I live, I worked my way backward trying to find the residual value that gave me the number shown on the estimator.
My calculations currently show a residual value of around 45%. And that is after I changed it to 7500 mile/year
That residual seems crazy low. Maybe I’m missing something.
I thought maybe they were capitalizing the taxes since I’m in Texas but the estimator has a footnote that says dmv, taxes, etc not included. Even if they capping the taxes, that’s still just a 53% RV.
Has anyone else crunched these numbers?
Out of curiosity I went back to the Ford website and priced out my exact build, went to the payment estimator, and then Ford Option.
Now I know rates may change come November or December and that the residuals change from month to month, but with the current advertised 2.25% APR for Ford Option, the $1000 incentive they currently list on the estimator for my region, knowing that Ford acquisition fee is $595, doc fee $150, and DMV stuff about $225 where I live, I worked my way backward trying to find the residual value that gave me the number shown on the estimator.
My calculations currently show a residual value of around 45%. And that is after I changed it to 7500 mile/year
That residual seems crazy low. Maybe I’m missing something.
I thought maybe they were capitalizing the taxes since I’m in Texas but the estimator has a footnote that says dmv, taxes, etc not included. Even if they capping the taxes, that’s still just a 53% RV.
Has anyone else crunched these numbers?