2017 Ford Focus Electric: Or, "What the Heck, Bro"

Ask the Hackrs
1

Unfortunately I am limited to 3 Ford dealerships, as I’m participating in a “Replace Your Ride” program

But seriously, what the heck is this lease they’ve just quoted me?

State: CA
Term: 10,500/year 36mo
"Market Value" $29,995 (MSRP is 29,120–is acquisition rolled into this?)
Savings: 12,860 incl. rebate (I’m assuming this is the 11,750 lease cash + 1,110 off MSRP sales price?)
Vehicle Price: 17,135 Net after rebate + fees
Down payment: $4,000 (!)
Residual: $10,098 (roughly corresponds to 33%)
Payment: $222.08

What is this? I ran it in the Leasehackr calculator and came up with $107/mo with these exact figures

I have no idea what magic they’re doing here

It’s also very far removed from the Ford advertised special of $2639 drive-off and $149/mo

2

that looks horrible! which dealership is this? looks like one to avoid :fearful:

3

They also pre-install LoJack on every. single. car. So scammy!

I can’t wait till the Tesla Model 3 drops and all of these dealerships have to rethink the way they do business

It’s Galpin Ford in Panorama City, CA

The only other two I can use are Wondries Ford in Alhambra and Fairview in San Bernardino

4

Nice. Looks like they’re pocketing almost all of the customer cash from the program in their down payment…

5

Makes you wonder how they became the highest volume Ford dealer in the world.

6

What did you put for the money factor?

7

I put .00031, trying to get as close as I could to the 0.75% APR

So here is the official Ford calculator–am I crazy or is this off?

$30,640 -3,000 -11,750 does not equal 17,144

And then it says 1,972 due at lease signing, but how can that be with 3,000 down payment?

Thanks for your patience, I am still learning at this stuff

ford.JPG1639×849 58.9 KB