eastern refugee
Well-Known Member
- First Name
- Rich
- Joined
- Dec 11, 2019
- Threads
- 13
- Messages
- 1,027
- Reaction score
- 1,291
- Location
- california
- Vehicles
- 2021 Mach E First Edition Grabber Blue.....GOT IT!
- Occupation
- insurance agent
- Thread starter
- #1
Are you going to lease and hope for the same outcome at the end?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.
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.Are you going to lease and hope for the same outcome at the end?
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: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.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.
Thank you. Now I get it. I REALLY appreciate this.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.
i am buying in LA so that $2500 applies. The $2500 is included in the ford option plans.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.
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.i am buying in LA so that $2500 applies. The $2500 is included in the ford option plans.
you make sense. It hurts but you are right.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.