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So we qualify for the X-Plan through my employer.
The X-Plan discount is MSRP - 2% + $275 administrative fee.
There is a Ford options cash bonus of $2,500 (requires Ford Credit Financing)
I'm not familiar with Ford Options. Is my math correct?
Premium ($47,000) + Extended Range AWD ($7,700) + Infinite Blue ($400) = $55,100.
X-Plan pricing:
We have ~$10,000 trade in (will likely got more but for the ease of calculation):
If we go with Ford Options:
Sales tax in our county is 8.125%:
Assuming a "Brutal" 34% Residual for 48 months:
On top of all of this we would get the $7,500 Federal and $2,000 NYS Tax credits.
The X-Plan discount is MSRP - 2% + $275 administrative fee.
There is a Ford options cash bonus of $2,500 (requires Ford Credit Financing)
I'm not familiar with Ford Options. Is my math correct?
Premium ($47,000) + Extended Range AWD ($7,700) + Infinite Blue ($400) = $55,100.
X-Plan pricing:
$55,100 - $55,100 * 0.02 + $275 = $54,273
We have ~$10,000 trade in (will likely got more but for the ease of calculation):
$54,273 - $10,000 = $44,273
If we go with Ford Options:
$44,273 - $2,500 = $41,773
Sales tax in our county is 8.125%:
$41,773 * 1.08125 = $45,167
Assuming a "Brutal" 34% Residual for 48 months:
$55,100 * 0.34 = $18,734
So I would be financing:$45,167 - $18,734 = $26,433
Not sure what the Ford Options interest rates are at present.
We intend to keep the vehicle so the Balloon payment on the 49th month would be $18, 734.On top of all of this we would get the $7,500 Federal and $2,000 NYS Tax credits.