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TheBluf

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Finally, traditional leasing for the Mach-E has been published for the US. Your dealer can now access the lease factors and residuals.

mach-e-rcl-financing-and-leasing-program-png.png
Any word on the interest rates yet (for financing, especially)?
 
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hybrid2bev

hybrid2bev

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Any word on the interest rates yet (for financing, especially)?
The retail rates and lease factors are published. Have not seen Options specific rates yet.
 
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hybrid2bev

hybrid2bev

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Are you able to show the published rates for retail and lease?
Sorry, no. Can't share the residual percentages either.

Your dealer has the information now so they should be able to start working up some monthly payments for you so you can compare the available options.
 

JTK44

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Hmmm. I wonder if they will allow a one-pay lease...
Do not do this!

Unless you have a very unusual car insurance, in the event your MME is stolen or in an accident and is totaled all your insurance company will pay is the balance of the lease payments and the residual.

For example if you put zero down and your lease payment is $700 a month with a residual of $30,000 after 1 year your car is stolen or totaled in an accident, your insurance will pay off the balance of 24 months plus the residual. 24 X 700 = $16,800 + $30,000 total $46,800.

If you put $10,000 down to reduce the payments to $422 a month, and after 1 year your car is stolen or totaled in an accident, your insurance will pay off the balance of 24 months plus the residual. 24 X $422 = $10,133 + $30,000 total $40,133.

You do not recoup the $10,000 down. All you done is save your insurance company money!

By making one payment and after 1 year your car is stolen or totaled in an accident, your insurance will pay off the residual.

You do not recoup the one time payment.

For the same reason never pay the sales tax up front. The sales tax should also be rolled into the lease. If you prepay the sales tax that too will be lost in the event your car is stolen or totaled.
 

First Edition

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Leasing sucks. Options is the only way to go!!! :oops:
 



 









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