macchiaz-o
Well-Known Member
- First Name
- Jonathan
- Joined
- Nov 25, 2019
- Threads
- 168
- Messages
- 8,157
- Reaction score
- 15,299
- Vehicles
- MY21 J1 Premium RWD SR
If you fulfill the loan obligation by paying the balloon payment (either with cash or by financing through a new loan), then you do not owe Ford Credit for excess mileage or wear and tear. And you also won't pay the $475 disposal fee.Possibly a stupid question - the "mileage" limits only apply if you want to sell it back to Ford, right? If I put 100k on it, as long as I make the final payment to buy it, there's no "overage" fee for something I don't give back, right? I guess I get why they have the mileage tiers for the different residuals, but it reminds me a bit too much of leasing and the $0.25/mile overage or whatever.
If I wanted to cash out of my paid-off current car, buy the Mach-E on Options with a low mileage limit, and invest the cash in the interim, I could put as many miles on it as I wanted, and just as long as I make the agreed-upon balloon payment at the end, nobody need know the actual mileage, right?
Sponsored