Mach-E Financing and RCL Leasing Program Announced

[JTK44]

I did not realize there are income limits on claiming the 7500 tax credit. If you have 7500 tax liability you get to claim the credit is what I thought.

You are correct.

Some states phase out their credits as your income rises. There is no phase out with the Federal Tax Credit.

Keep in mind to get the full $7,500 credit you need $7,500 of tax liability. Anything less than $7,500 the credit is limited to your actual tax liability.

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[Dudeduke]

I don't think Tesla will raise prices, but everyone else will be forced to lower prices to compete. If they did raise prices by $7500 that would certainly invite government scrutiny.

I have a feeling if $7500 is reinstated for Tesla they may increase the price and make FSD standard. That will help them a lot with their margins.

 

[Woeo]

Either a loss leader to bring customers in, or Ford is really afraid that the MME will not hold its value.

If Ford has built a product that they feel will not hold its value, then why should I, or anyone buy it and/or lease it?

Still not using that term correctly.

 

[JoseLuisDeLaCruz]

I cannot wait for someone to actually go to a dealership and actually confirm that the lease deal numbers are actually this bad. I mean this is such a disappointment! If this stays true by April 2021 I am going to have to get a Model Y there is no way I can afford those payments! It makes no sense! How can the Mach-E be more a month on a lease when it has the federal $7,500 incentive!?

 

[DBC]

I cannot wait for someone to actually go to a dealership and actually confirm that the lease deal numbers are actually this bad. I mean this is such a disappointment! If this stays true by April 2021 I am going to have to get a Model Y there is no way I can afford those payments! It makes no sense! How can the Mach-E be more a month on a lease when it has the federal $7,500 incentive!?

There is no significant difference between the price of the Model Y and the price of the MME, and, as a consequence, there is no significant difference in the monthly payments on a Model Y and a MME.

Just a fact. If in doubt look at the screenshots from the Tesla website and the Ford website which I've posted. Could not be more clear.

Anyone saying anything else is FOS.

The confusion arises because some people are challenged when accounting for the tax credit. As a CEO and Founder this should not pose an issue for you.

 

[JTK44]

There is no significant difference between the price of the Model Y and the price of the MME, and, as a consequence, there is no significant difference in the monthly payments on a Model Y and a MME.

Just a fact. If in doubt look at the screenshots from the Tesla website and the Ford website which I've posted. Could not be more clear.

Anyone saying anything else is FOS.

The confusion arises because some people are challenged when accounting for the tax credit. As a CEO and Founder this should not pose an issue for you.

Really!

Why do you keep posting inaccurate information?

If you buy the Premium LR AWD MME it is actually cheaper than the Model Y.

However:

• It still baffles me that you cannot understand that the Ford Option plan is thousands of dollars more over 36 months than a lease on the Model Y.

• On a lease for 36 months, 10K miles per year the projected residual is 57%/58% and the interest is 5.4%, makes the lease on the MME more than $5,000 more than a Model Y. over 36 months.

The need to continually correct you is getting tedious.

 

[JTK44]

I cannot wait for someone to actually go to a dealership and actually confirm that the lease deal numbers are actually this bad. I mean this is such a disappointment! If this stays true by April 2021 I am going to have to get a Model Y there is no way I can afford those payments! It makes no sense! How can the Mach-E be more a month on a lease when it has the federal $7,500 incentive!?

Because Ford does not seem to really want to lease these cars.

Instead of putting the $7,500 into the lease as a "cap cost reduction", Ford has increased the balloon from 44% in the option plan to a residual of 57% in a lease.

The problem is that the 44% on the balloon is ridiculously low. That is why the Ford Option Plan is not really a lease but a deferred purchase plan.

All other manufactures have residuals in the mid to high 50% plus the Federal Tax credit of $7,500 as a cap cost reduction in their leases. With Ford you have the same residuals, but Ford is keeping the $7,500 tax credit.

I think I am like you: I am really afraid of what the resale value of the MME will be 3 years. Therefore I will not own the MME only lease it to have protection against depreciation.

Without a viable lease on the MME, I will not take possession of my Rapid Red First Edition due end of December/beginning of January and my dealer can sell and/or lease it to someone else - but not me - and I wish him the best of luck doing it.

 

[hybrid2bev]

Really!

Why do you keep posting inaccurate information?

If you buy the Premium LR AWD MME it is actually cheaper than the Model Y.

However:

• It still baffles me that you cannot understand that the Ford Option plan is thousands of dollars more over 36 months than a lease on the Model Y.

• On a lease for 36 months, 10K miles per year the projected residual is 57%/58% and the interest is 5.4%, makes the lease on the MME more than $5,000 more than a Model Y. over 36 months.

The need to continually correct you is getting tedious.

Options may be more expensive but you are buying the vehicle. On an RCL with Ford you have the option to buy out the lease if the vehicle value is higher than than the residual.

What are your lease end options on a Model Y? Here they are:
1. Return the Vehicle
2. See option #1

"The need to continually correct you is getting tedious." LOL, tell me about it.

 

[JoseLuisDeLaCruz]

There is no significant difference between the price of the Model Y and the price of the MME, and, as a consequence, there is no significant difference in the monthly payments on a Model Y and a MME.

Just a fact. If in doubt look at the screenshots from the Tesla website and the Ford website which I've posted. Could not be more clear.

Anyone saying anything else is FOS.

The confusion arises because some people are challenged when accounting for the tax credit. As a CEO and Founder this should not pose an issue for you.

can you show me where you posted something other than what I am saying. Because everyone on this forum is stating what I am saying. Why would I pay the same a month on a lease for the mach-e which gets the federal tax incentive vs a tesla that doesn’t get the tax incentive? Shouldn’t the mach-e be cheaper a month on a lease vs a model y?

 

[DBC]

Why do you keep posting inaccurate information?
...
The need to continually correct you is getting tedious.

I've posted screenshots from the Tesla site and the Ford site. You have never provided any backup for your numbers.

It just comes down to whether someone should believe you or their lying eyes.

 

[JoseLuisDeLaCruz]

Because Ford does not seem to really want to lease these cars.

Instead of putting the $7,500 into the lease as a "cap cost reduction", Ford has increased the balloon from 44% in the option plan to a residual of 57% in a lease.

The problem is that the 44% on the balloon is ridiculously low. That is why the Ford Option Plan is not really a lease but a deferred purchase plan.

All other manufactures have residuals in the mid to high 50% plus the Federal Tax credit of $7,500 as a cap cost reduction in their leases. With Ford you have the same residuals, but Ford is keeping the $7,500 tax credit.

I think I am like you: I am really afraid of what the resale value of the MME will be 3 years. Therefore I will not own the MME only lease it to have protection against depreciation.

Without a viable lease on the MME, I will not take possession of my Rapid Red First Edition due end of December/beginning of January and my dealer can sell and/or lease it to someone else - but not me - and I wish him the best of luck doing it.

Yeah man I am with you I really hope this isn’t true!

 

[JTK44]

Options may be more expensive but you are buying the vehicle. On an RCL with Ford you have the option to buy out the lease if the vehicle value is higher than than the residual.

What are your lease end options on a Model Y? Here they are:
1. Return the Vehicle
2. See option #1

"The need to continually correct you is getting tedious." LOL, tell me about it.

Lease:

With a 57% residual there is slim to no chance that the value of the MME will be higher than 57% and slim just left town!

Option Plan:

I am glad you acknowledge that with the Option Plan you are buying the car - it is not a lease.

Tesla:

You do know that in 99% of leases they are "upside down": the residual is substantially higher than the FMV at lease end. This is the reason that 85% of cars at the end of the lease are turned in.

Therefore, the most important part of the lease is the monthly payment - not the residual.

The Model Y, over the the term of the lease, 36 months is substantially less than either the Option Plan or a lease if the projected residual is 57%, interest of 5.4% and the Federal credit is not put into the lease as a cap cost reduction.

Bottom line: The Model Y is cheaper to lease than the MME.

 

[JTK44]

I've posted screenshots from the Tesla site and the Ford site. You have never provided any backup for your numbers.

It just comes down to whether someone should believe you or their lying eyes.

Excuse me:

Either you do not follow the threads of if you do, you do not read them.

Do you yourself a favor and stop embarrassing yourself: go back and look at my postings: there are attachments verifying every number I posted.

 

[DBC]

Because everyone on this forum is stating what I am saying. Why would I pay the same a month on a lease for the mach-e which gets the federal tax incentive vs a tesla that doesn’t get the tax incentive? Shouldn’t the mach-e be cheaper a month on a lease vs a model y?

You aren't saying what everyone else is saying. You're saying what one person is saying. And that person uses make believe numbers and focuses on made up residual numbers.

The bottom line is that you pay the same because the tax credit is baked into the purchase/lease. If you don't understand that there isn't any difference between a vehicle that costs $40,000 and one that costs $47,500 which comes with a $7500 tax credit I can't help you. Seems straightforward to me.

But don't believe me. Just go to the Tesla and Ford websites and figure it out for yourself. Tesla requires a $4500 down. Just add the $7500 tax credit to that amount ($12,000) when calculating the down for Ford Options.

 

[DBC]

Excuse me:

Either you do not follow the threads of if you do, you do not read them.

Do you yourself a favor and stop embarrassing yourself: go back and look at my postings: there are attachments verifying every number I posted.

I went to your attachment that you told me to look at. It was useless and I told you that.

Tesla has a web site. Ford has a website. Both sites let you calculate monthly payments. Go to those sites and do what I've one and post the screen shots showing the monthly. Otherwise admit your numbers are bogus.

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