Mach-E Financing and RCL Leasing Program Announced

[JTK44]

So you pay the tax upfront?

Correct

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[hybrid2bev]

So you pay the tax upfront?

It depends on your jurisdiction. But generally, yes. Just the same as any transaction that is subject to sales/use tax. Or GST/HST in Canada.

 

[trutolife27]

 

[JTK44]

I feel your pain.

I have been leasing for over 35 years - way before the Internet and lease programs.

We used to have to use special calculators.

Today it is easy as compared to 25 years ago!

 

[kdryden99]

It depends on your jurisdiction. But generally, yes. Just the same as any transaction that is subject to sales/use tax. Or GST/HST in Canada.

yes im aware of this for loans, so it really is a loan that is called a lease. Ill wait for canadian options since we dont get as much in incentives here.

 

[1pt21Gigawatts]

Even if it did your looking at a 50$ /month difference not much

$50/mo is pretty substantial.

 

[kdryden99]

$50/mo is pretty substantial.

Well in this case you pay all the taxes up front since it has the mechanics of a loan so no his math is right.

 

[JTK44]

yes im aware of this for loans, so it really is a loan that is called a lease. Ill wait for canadian options since we dont get as much in incentives here.

Yes it really is nothing more than a financed purchase.

That is why I call it a "deferred payment purchase".

Unless the bottom falls out of the MME, with a 44% balloon at the end, you will probably pay it off or refinance.

IN all likelihood, after 3 years the MME will be worth more than 44% and you will have equity in the car. If you like the car, you are probably not going to walk away from a car that will cost you $25,000 if it is worth $27,000.

By having the balloon percentage that low, it almost forces you to pay off the loan and then keep the car or resell it.

As the title is already in your name, there is no tax consequence, you having already paid the full tax upfront.

 

[DBC]

We also know that if we finance the Model Y, the interest rate is 2.49%

So now we know that it's also less expensive to buy a Premium MME with hands free than to buy a Model Y without hands free. Wow. That Model Y is certainly a compelling buy:

 

[kdryden99]

Yes it really is nothing more than a financed purchase.

That is why I call it a "deferred payment purchase".

Unless the bottom falls out of the MME, with a 44% balloon at the end, you will probably pay it off or refinance.

IN all likelihood, after 3 years the MME will be worth more than 44% and you will have equity in the car. If you like the car, you are probably not going to walk away from a car that will cost you $25,000 if it is worth $27,000.

By having the balloon percentage that low, it almost forces you to pay off the loan and then keep the car or resell it.

As the title is already in your name, there is no tax consequence, you having already paid the full tax upfront.

It all depends on what they give as a monthly. You see what i found about Ford is that treat Mustangs differently than all the other cars. This is the real reason I believe they called it a mustang since the beginning. Mustsng are limited to 4yr lease and 6yr finance vs 5yr lease and 7yr loan for the rest of Fords lineup. If they gave those residuals for a 5yr lease id be ok with that.

 

[kdryden99]

So now we know that it's also less expensive to buy a Premium MME with hands free than to buy a Model Y without hands free. Wow. That Model Y is certainly a compelling buy:

We knew it was cheaper due to the incentive. The problem is the lease.

 

[kdryden99]

BTW we still dont have the residuals for the normal lease so for now everybody just chill.

 

[Gimme_my_MME]

so for now everybody just chill

NEVER!

 

[JTK44]

So now we know that it's also less expensive to buy a Premium MME with hands free than to buy a Model Y without hands free. Wow. That Model Y is certainly a compelling buy:

Evidently everyone knew that already except you!

Glad you are finally on board.

Simple addition and subtraction:

• MSRP Premium LR AWD, with destination, MSRP $55,800 less Federal Tax credit of $7,500, $48,300
• MSRP of Model Y, with destination, $51,100

But, this discussion was never about buying: It is about leasing a Model Y vs. either the Ford Option Plan and/or leasing the MME.

Hopefully you have finally taken the time to look over what others, including myself, have posted and realize, that contrary to what you have posted, leasing a Model Y is substantially cheaper than either the Option Plan or the lease on the Premium LR AWD MME.

That difference over 36 months is thousands of dollars in favor of the Model Y.

Apologies accepted.

 

[JTK44]

It all depends on what they give as a monthly. You see what i found about Ford is that treat Mustangs differently than all the other cars. This is the real reason I believe they called it a mustang since the beginning. Mustsng are limited to 4yr lease and 6yr finance vs 5yr lease and 7yr loan for the rest of Fords lineup. If they gave those residuals for a 5yr lease id be ok with that.

But they haven't. We can all wish for something else.

Here is what we have:

• Ford Option plan 36 or 48 months with a balloon
• Talk and speculation of a lease plan with a 57% residual and interest of 5.45 and no cap cost reduction equal to the Federal Tax Credit
• With cars arriving in shot time nothing definitive from Ford on leasing

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