TheBluf

Well-Known Member
Joined
Nov 16, 2019
Threads
3
Messages
65
Reaction score
128
Location
Los Angeles
Vehicles
Hyundai Sonata
Country flag
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)?
 


ajmartineau

Well-Known Member
Joined
Jun 23, 2020
Threads
31
Messages
1,358
Reaction score
1,951
Location
Washington
Vehicles
2021 Mach-E
Country flag
Hmmm. I wonder if they will allow a one-pay lease...
 
OP
OP
hybrid2bev

hybrid2bev

Well-Known Member
Joined
Dec 4, 2019
Threads
75
Messages
4,070
Reaction score
11,091
Location
USA
Vehicles
2021 Job 1 Premium4X - EAP Member
Country flag
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

Banned
Banned
Joined
Oct 30, 2020
Threads
2
Messages
212
Reaction score
109
Location
11050
Vehicles
2021 First Edition Rapid Red
Country flag
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

Banned
Banned
Joined
Dec 20, 2019
Threads
4
Messages
123
Reaction score
149
Location
USA
Vehicles
2021 Mach E - Failure To Launch Edition
Country flag
Leasing sucks. Options is the only way to go!!! :oops:
 
 




Top