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broncoaz

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Might be regional but in MA I see :

$10500 EV RCL CASH 3/31/25
$10500 Special AXZD RCL Customer Cash expires 3/31/2024 Program 90186
$1000 AXZD

Assuming this is some kind of mistake and you cant have both the regular RCL 10.5K and the AXZD 10.5K, but not sure why they would list them like that.
You can’t stack those deals, I tried. X plan will still be better because of the discount from MSRP plus the reduced dealer doc fee.
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voxel

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Might be regional but in MA I see :

$10500 EV RCL CASH 3/31/25
$10500 Special AXZD RCL Customer Cash expires 3/31/2024 Program 90186
$1000 AXZD

Assuming this is some kind of mistake and you cant have both the regular RCL 10.5K and the AXZD 10.5K, but not sure why they would list them like that.
I entered my X-plan PIN into the Ford inventory website for a MA dealer (I randomly picked Quirk) and saw this. This specific truck https://www.ford.com/inventory/details/f150-lightning/vin/1FT6W3L78RWG07843

Ford F-150 Lightning January Lease Deal $7,500 bonus cash 1739419347850-wz
 

Harvey mat

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Thanks for the information. So the residual value (RV) defines what the leasing company thinks the vehicle will be worth at the end of the lease, assuming you don't go over the allotted miles and normal wear and tear.

So, using your contract terms, it appears Ford Motor Credit thinks your truck will be worth 43149.65 after 3 years and 45035 miles. However, you are paid 61908.84 -- this is base price for the vehicle before rebates, taxes, down payments or other adjustments. Therefore, the RV% is 69.7% (43149.65 divided by 61908.84). So ask yourself this question: do you think a new vehicle, after 3 years and 45k miles, will only lose 30% of its value (100% - 69.7%)? I think you probably will agree that the value of the vehicle should be closer to 50% or lower after that time and mileage.

And so now we see how Ford is making these leases affordable -- by assigning a high RV%, thus lowering the amount you "finance" in a lease. What I don't see is the $7500 tax credit in your paperwork. That's probably already been factored into things (Ford is getting the credit in a lease, not you).

Here's a small glossary of lease terms.
Adjusted capitalized cost: the purchase price of the vehicles after taxes, fees, credits and other adjustments are done. This is the amount you are "borrowing" from the leasing company.

Residual value: the amount the vehicle will be worth at the end of the lease, assuming normal wear and tear and mileage. This can be expressed as a percentage of residual value in dollars divided by capitalized cost divided

Rent charge: the amount of interest you are paying for the amount being borrowed.

I love good deals, sometimes I even play games. I just go to https://casinospacebe.com/nieuwe-casino/ and look for them. It tracks the latest new launches, compares bonuses and licenses, and ranks the most reliable platforms in Belgium. Anyway, fingers crossed for a better Ford deal next month!
Great breakdown! That 69.7% RV puts things into perspective, and it feels inflated for a 3-year-old, 45k-mile vehicle!
 
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El Duderino

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The Red Carpet Lease incentive is the $7500 Tax Credit offered to the lessor.

I leased a Flash at the beginning of July and my Red Carpet Lease incentive was $8500 at the time. So Ford is eating the $1000 they won't get from Uncle Sam but offered to me. I also got $500 off for skipping charger install and I had $2000 private offer. So my captial cost reduction was $11,000.
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