LEASE-

[SEAN MYERS]

would you consider purchasing a 2023-Premium Mach-E after lease ends, in this case approx 5mo from now, it should have around 45,000mls at that time.
This question is more from a long-term battery standpoint, (not the residual value which I will figure out,) I believe current warranty is as follow:
8‑year / 100,000‑mile electric vehicle (EV) battery and electric drivetrain warranty (This aligns with Ford’s official EV warranty for hybrid/electric components)
thanks

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[oljun]

I will have to make a similar decision in time myself . Two big factors that I would include in my analysis will be the battery SOH (state of health) that can be determined using an OBD reader & the Carscan app, and the lease residual amount. I will be comparing the residual with the used car values for similar year/models. This will help determine whether or not I buy out the lease or lease or purchase or lease a new model.

There are several similar discussions on this topic in the forum. Just do a quick search. There's lots of good advice.

 

[Sikkun]

Pretty sure plenty of us own their Mach E’s so yes?

 

[dalola]

Nope.

 

[devmach-e]

You cannot negotiate the residual. That is set in stone in your contract.

My 4-year Ford Options loan (like a lease, but a balloon payment instead of a residual at term end) is up in May. I plan to keep the car after it is up and refinance the balloon payment. It'll have 72K miles on it at that point. No hesitation about keeping the car.

 

[AtomicInternet]

The computer protects the battery for the life of the car. It will only charge/discharge safely and for optimum battery life. It's designed to last the life of the car, and people with 5 year / 150k mile cars are still showing 90% or more SoH.

Your best bet is to keep the VIN and search Google for it a few weeks after you turn in the lease. Hopefully you find the dealer that bought it from your dealer at auction. Then you can pay them market value (plus shipping likely). The lease residual value is just a comedy number nobody pays for our cars. Another option is to find a similar one with your miles/age and but it instead.

 

[SEAN MYERS]

I will have to make a similar decision in time myself . Two big factors that I would include in my analysis will be the battery SOH (state of health) that can be determined using an OBD reader & the Carscan app, and the lease residual amount. I will be comparing the residual with the used car values for similar year/models. This will help determine whether or not I buy out the lease or lease or purchase or lease a new model.

There are several similar discussions on this topic in the forum. Just do a quick search. There's lots of good advice.

thanks, any idea how I get hold of an OBD reader?

 

[devmach-e]

thanks, any idea how I get hold of an OBD reader?

Amazon. This is the one I use.
https://www.amazon.com/dp/B00QJRYMFC?ref_=ppx_hzsearch_conn_dt_b_fed_asin_title_8

 

[SEAN MYERS]

thanks, any idea how I get hold of an OBD reader?

thx!

 

[oljun]

thanks, any idea how I get hold of an OBD reader?

Here is the one I use, but any OBD2 reader should work. If in doubt, check the Carscan website.
https://a.co/d/05rkW5Cz

-Bill

 

[SEAN MYERS]

Nope.

why not?

 

[oljun]

I leased mine as it was an excellent deal (although the purchase offer was pretty good too). My concern at the time was that it was my first EV & I wasn't 100% comfortable with the tech & future directions. I would be surprised if I was the only one who felt that at the time.

Having said that, my next vehicle will be an EV, whether I buy out this lease or go for a new vehicle. If the cost does not justify the advantages of a newer vehicle, I will be more than happy to keep the car I have.

 

[dalola]

why not?

In order of importance:

1) At the time of my lease inception, Ford had inflated residual values to incentivise the MME lease programs.
2) It is advantageous for my personal financial situation to maintain an active lease.
3) I like to have the latest available BEV related tech, and after 3 years (my lease term), it won't be this.
4) I'll most likely want to try a different make and/or model.

 

[tucsondivots]

I leased mine as it was an excellent deal (although the purchase offer was pretty good too). My concern at the time was that it was my first EV & I wasn't 100% comfortable with the tech & future directions. I would be surprised if I was the only one who felt that at the time.

Having said that, my next vehicle will be an EV, whether I buy out this lease or go for a new vehicle. If the cost does not justify the advantages of a newer vehicle, I will be more than happy to keep the car I have.

Same

 

[Jerrytball]

would you consider purchasing a 2023-Premium Mach-E after lease ends, in this case approx 5mo from now, it should have around 45,000mls at that time.
This question is more from a long-term battery standpoint, (not the residual value which I will figure out,) I believe current warranty is as follow:
8‑year / 100,000‑mile electric vehicle (EV) battery and electric drivetrain warranty (This aligns with Ford’s official EV warranty for hybrid/electric components)
thanks

I guess if you’re looking for an opinion. And this is from a guy that has bought like a new car every two or three years or at least it. Depends on what the cost would be. I see 12,000 mile premiums out there loaded for under $30,000 from a dealership so I’m not sure what you would be paying but from a dealer standpoint you’re gonna pay anywhere between probably 24 to 30 for something from 10,000 to 30,000 miles.

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