Just ordered my MME - Lease question

[PL281]

Hi everyone - I just ordered my MME this week. Select in Red - no other options / changes.

1) I'm doing x plan - dealer said they will honor but had to be an order
2) I'm planning on leasing - my understanding is that Ford has 2 programs they are pushing -
A) Ford Options - which is really more of a finance for the period but that I can turn it back in
B) Ford Lease - A traditional lease

If I understand the tax credit and how it works if I do the Ford Lease they apply the tax credit as a cap cost reduction thereby reducing my lease payment

Is that correct???

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[hybrid2bev]

Hi everyone - I just ordered my MME this week. Select in Red - no other options / changes.

1) I'm doing x plan - dealer said they will honor but had to be an order
2) I'm planning on leasing - my understanding is that Ford has 2 programs they are pushing -
A) Ford Options - which is really more of a finance for the period but that I can turn it back in
B) Ford Lease - A traditional lease

If I understand the tax credit and how it works if I do the Ford Lease they apply the tax credit as a cap cost reduction thereby reducing my lease payment

Is that correct???

No. For RCL the tax credit is applied to increase the residual value percentage used in the lease payment calculations (it's invisible to you). Thereby reducing your monthly payment vs. Ford Options. You won't see the full $7,500 equivalent on RCL, but it would be close. If you want the opportunity to get the full tax credit then Ford Options is the way to go.

 

[AKgrampy]

I am really interested to see the answer to this question. I have no intention to lease but like to see the various ways people end up financing their deals.

 

[PL281]

@hybrid2bev
So if say the price is $45,000
Residual would be $22,500 (50%) which would be about $625/month
So instead they would do the residual at about $29500 so thereby my lease would be based on about $15,500 around $431/month

is that correct???

 

[hybrid2bev]

@hybrid2bev
So if say the price is $45,000
Residual would be $22,500 (50%) which would be about $625/month
So instead they would do the residual at about $29500 so thereby my lease would be based on about $15,500 around $431/month

is that correct???

On a Select RWD the Ford Options residual for 36 months (15k miles) is: 42%. But for RCL it would be: 55%. That's how the tax credit is applied on RCL.

 

[PL281]

@hybrid2bev
Thank you - i'm doing 36month 12k mile
my current lease is up in Feb 2023 so hopefully i'll have the mme before then

 

[hybrid2bev]

@hybrid2bev
Thank you - i'm doing 36month 12k mile
my current lease is up in Feb 2023 so hopefully i'll have the mme before then

OK, so for 12k you would add two points to each residual percentage vs. 15k.

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