I found this official financing for the MME

MurphyDog

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I used a plan exactly like Fords when I got my BMW i3 back in 2014. The balloon payment at the end was around $18k. I was going to give the car back to BMW because you could buy the same year model on the open market for $13k, however they sent me an offer to drop the payment to $9k and I took it. I’m going to trade it in once my MME is ready.
 
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KAustin

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I used a plan exactly like Fords when I got my BMW i3 back in 2014. The balloon payment at the end was around $18k. I was going to give the car back to BMW because you could buy the same year model on the open market for $13k, however they sent me an offer to drop the payment to $9k and I took it. I’m going to trade it in once my MME is ready.
Are you going to lease and hope for the same outcome at the end?
 

MurphyDog

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Are you going to lease and hope for the same outcome at the end?
It wasn't a lease, it was just like the "Ford Options" program. A purchase with a final balloon payment and the option to return the vehicle instead of making the final payment.

No, I'm not leasing the MME. I'm planning on trading in my i3 and putting down a significant down payment to bring the monthly payments way down.

I wouldn't gamble on the idea of that happening again. The value of the i3 dropped like a rock as the original versions had really crappy range.
 
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I am doing it. I am upside down on the car I am trading in. This makes the most sense. I did contact my friend at Ford and this is a brand new program for them. he is not sure how it will work. The entire idea behind this program is so that people can use the $7500 as a down payment.
 
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J Duce

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I am doing it. I am upside down on the car I am trading in. This makes the most sense. I did contact my friend at Ford and this is a brand new program for them. he is not sure how it will work. The entire idea behind this program is so that people can use the $7500 as a down payment.
Are you referring to the $7,500 federal tax credit. This would be a great idea, but I am not sure how that is possible since you have to purchase first and then file for the tax credit. Unless, it assumes one of two things:
1. Ford will eat the $7,500 up front which doesn't make sense
2. We would be loaning ourselves the $7,500 on grounds that we would get that back when we file taxes next year.

Can anyone in the financing space shed any light or thought to this?
 

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I am doing it. I am upside down on the car I am trading in. This makes the most sense. I did contact my friend at Ford and this is a brand new program for them. he is not sure how it will work. The entire idea behind this program is so that people can use the $7500 as a down payment.
Ford Options is program that has been around for years, it just hasn't been an active (available) program for a while. It's being brought back specifically for the Mach-E.

You can't use the $7,500 tax credit as a down payment at the loan inception (vehicle delivery), because you'll have to file your federal taxes to get the money.

The idea is that the customer can file to get up to $7500 (depending on your tax situation) and then choose what to do with the money. You could keep it. Or we're working on allowing the customer to apply the money and re-calculate the monthly payments. You may have a higher monthly payment until after you file your taxes and receive the money. For example if you did a 36 month term and it takes about 12 months after delivery to get your tax refund money. You would have ~12 payments at $XXX, then if you chose to send Ford Credit the money to apply towards your loan, then you would have ~23 lower monthly payments at $XX. (36 month term for example means you have 35 monthly payments + 1 balloon note)
 
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This seems to be the best info so far: https://www.carsdirect.com/deals-articles/mustang-mach-e-eligible-for-ford-plan-pricing-discount

MSRP for First Edition is $52,700 + $6,600 (301A equipment group) = $59,300.

If there was a paint up-charge, add that in. (I don't remember if FE had that.)

Then to get X-plan cost, it's ($59,300 x 98%) + $275 admin fee + $1,100 destination.

So that works out to $59,489 before taxes and trade-in, if I did that correctly.
Thank you. Now I get it. I REALLY appreciate this.

I just read that if you buy it in certain areas there is an additional $2500 discount. So if you then subtract this amount the coast is $56,989.

I think the retail of the FE is $60,200 +$1100 destination. So at $56.989 the real savings is $4311.
 

macchiaz-o

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That $2500 discount was based on a manufacturer incentive, IIRC... But the only incentives that will matter are the ones you qualify for at the time of delivery. So the $2500 might not be there, or it might be a different amount, or tied to certain financing options, etc.
 
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That $2500 discount was based on a manufacturer incentive, IIRC... But the only incentives that will matter are the ones you qualify for at the time of delivery. So the $2500 might not be there, or it might be a different amount, or tied to certain financing options, etc.
i am buying in LA so that $2500 applies. The $2500 is included in the ford option plans.
 

hybrid2bev

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i am buying in LA so that $2500 applies. The $2500 is included in the ford option plans.
Maybe, maybe not. To his point, financing plans change from month to month and we’re quite a way off from actually taking delivery. I would not count on those rates or rebates.

Remember reading this when delivery time comes: Don’t be surprised or upset if the financing rates and rebates (if any) are different at the time of delivery.
 
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Maybe, maybe not. To his point, financing plans change from month to month and we’re quite a way off from actually taking delivery. I would not count on those rates or rebates.

Remember reading this when delivery time comes: Don’t be surprised or upset if the financing rates and rebates (if any) are different at the time of delivery.
you make sense. It hurts but you are right.
 

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These types of discussions have been very helpful. I plan to buy, but I was able to get the MME on co-workers' radars by telling them about Ford Options. Good for Ford for using all their advantages to compete.
 
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