Posted on 06/29/2022 8:36:50 AM PDT by Governor Dinwiddie
Ford Motor Co. will be suspending end-of-lease buyout options for customers driving all-electric vehicles, provided they took possession of the model after June 15, 2022. Those who nabbed their Mach-E beforehand will still have the option of purchasing the automobile once their lease ends. However, there are some states that won’t be abiding by the updated rules until the end of the year, not that it matters when customers are almost guaranteed to have to wait at least that long on a reserved vehicle.
The change, made earlier in the month, cruised under our radar until a reader asked for our take over the weekend. Ford could be wanting to capitalize on exceptionally high used vehicle prices, ensuring that more vehicles make it back into rotation. The broader industry has likewise been talking about abandoning traditional ownership to transition the auto market into being more service-oriented where manufacturers ultimately retain ownership of all relevant assets. But it may not be that simple as this being another step in the business sector’s larger plan to maximize profitability by discouraging private vehicle ownership.
(Excerpt) Read more at thetruthaboutcars.com ...
Well, I will own no Ford vehicles, that’s for sure. Won’t be leasing them either.
Thanks ford. Another disaster averted.
And eat your bugs and grass!
I have an F250 and they said you cant own EV’s? Fine with me, I’ll never buy a hybrid.
Well I own three, all great vehicles. An ‘04 SVT Lightning, a ‘14 F150, and a ‘19 Edge.
That’s exactly what I thought while reading.
Ping!.....................
Renting a house from Blackstone, leasing a car from Ford.
Sounds like Beer.
Battery fire risk after three years? This must be a liability issue.
For me, it’s not just about Ford EVs, it’s about never owning or leasing ANY EV from any manufacturer, new or used.
"the business sector’s larger plan to maximize profitability by discouraging private vehicle ownership.
Are you going to bury them side by side, or push them into a single reeking dripping pit?
You WILL eat zee bugs in your rented car and be happy.
They must make tons more on leased cars. Last car we bought the salesman and the GM were trying to talk us into a lease non-stop.
Nothing wrong with hybrids. My 2022 RAV 4 Toyota gets 43MPG and has all the power I need. Base price at 32K, not a bad deal at all.
I suspect this has something to do with Ford's recognition that this technology is so new that they can't adequately price the lease buybacks for EVs anyway ... and may even have determined that an EV has a higher salvage value than a resale value after 3-5 years.
Lease only is just an extension of subscription only for various things, such as popular software packages.
No need for recalls if the vehicles have already been returned.
I don't blame Ford for this. Our corrupt legal system has held automobile and small airplane manufacturers liable for products long out of their control.
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