2 parts to this deal which seems pretty good even if the trade didn’t work out.
Had a dealer loaner 2020 Mercedes GLC300 4motion with 3k miles on it ($48K MRSP) that I got in April 2020 when things looked bad for car dealers with too much supply for $450 a month nothing down except registration. Just sold it with 20 months left to go for $40,500 to AUto-nation and the lease payoff to auto nation was $37,200. $3.2K positive equity!
This is on the Ford Balloon loan. Basically, the Fed Rebate and my profit on the GLC300 covers the out-of-pocket. Swapped GLC300 ($450/month) for Brand new Mustang ($380/month) saving $70/month, lower cost of fuel.
Risk is I really need 10k a year (though haven’t in the last few years). If I buy it at the end it doesn’t matter, otherwise i would pay additional $1500 for 10k extra miles to turn it in.
Seems good, I think. Not sure if the DealHackr score should be adjusted for Fed rebate - I will definitely get $7500 back (lower sell price, lower upfront), in which case it is much higher 9.0 vs 6.7.
Thoughts? Other NJ dealers were adding premiums to the Mustang EV. Everything here is available to all except the trade-in gain.
Got this at All-American Fors Hackensack, but all 4 of the All-American Fords have this offered on their website under monthly specials. The salesguy had no knowledge of it when i walked in.
2021 Ford Mustang Mach-E Select AWD
less NJ Rebate: $2000
less Ford Rebate on Balloon Loans: $2500
Selling Price: 43,035
Monthly Payment: $ 380
Drive-Off Amount: $ 10,500
Annual Mileage: 7500
Residual = Balloon: $19,034
Incentives: NJ Rebate: $2000, Ford Rebate $2500, No NJ Sales Tax Fed $7500 Rebate will definitely be received
Leasehackr Score: 6.7
Leasehackr Calculator Link: CALCULATOR | LEASEHACKR