Ford says you can never own a Leased EV

turkeydance

turkeydance

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well, the "own nothing", or subscription-model gets its "nose under the tent".
quote:
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.
www.thetruthaboutcars.com

Buyout Begone: Ford Says You Can Never Own Leased EVs

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...
www.thetruthaboutcars.com www.thetruthaboutcars.com
 
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hmmm....somebody is going to 'own' those 2-3 year old vehicles. So you CAN own a Ford EV, it'll just be a used lease-turn in that Ford sells a 2nd time.

The business model makes a ton of sense on their end. Before the recent craziness with supply chain, the typical lease contract went to folks that WANTED to be in a new vehicle every few years and understood (or were sold on) the idea of never owning a vehicle. If your intention from the start is ownership, starting with a lease is extremely stupid. So, they've closed the door on the opportunistic folks that buyout their lease and flip the title. I don't think the typical leasee will care one bit about this policy.
 
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They recognize that they can leverage multi-year supply issues into a new business model. Keep all new inventory outside dealerships, use online sales through your own financial services company. Deliver through "dealerships" that act as service centers. Manage your own used vehicle inventory by eliminating lease buy-outs. Use said "dealerships" to refurb and re-lease your used inventory. Surrender batteries back on vehicles that can't be re-leased so recycled materials stay in their production line.

Watch for car manufacturers to buy solar home power storage companies as another way of bringing materials into their recycling stream.
 
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cubrock said:
Ultimately, the market will determine this. Ford can have that policy all they want, but it will stand only if the consumers agree to it.
Click to expand...
You’re right but most people won’t even read the contract. They’ll sign it and complain 2-3yr later that the contract was different from their last 3 Ford leases. By that time, it’ll have already spread to other manufacturers.
 
Jerzsubbie said:
You’re right but most people won’t even read the contract. They’ll sign it and complain 2-3yr later that the contract was different from their last 3 Ford leases. By that time, it’ll have already spread to other manufacturers.
Click to expand...

No doubt. Only time will tell. Some smart company may go against the grain and gain market share, if people decide they want to own the cars. Barring government incursion, of course.
 
turkeydance said:
well, the "own nothing", or subscription-model gets its "nose under the tent".
quote:
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.
www.thetruthaboutcars.com

Buyout Begone: Ford Says You Can Never Own Leased EVs

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...
www.thetruthaboutcars.com www.thetruthaboutcars.com
Click to expand...
"discouraging private ownership" is part of the Ruling class plan. High gas prices is part of the plan. EV mandates is another part. They are sick of being stuck in traffic behind the help. They are sick of seeing the help when they go one vacation, relaxing near the same beaches they want to go to.
They only want to see the help when the help is servicing them directly.
There is plenty of leaked audio from city council meeting where they discuss ways to make car traffic worse and force more people into gov't controlled buses and trains.
Boston took car lanes and declared them bicycle lanes that nobody uses. A trip that used t take 20 minutes, takes an hour. Boston also sold off public housing complexes to private developers who built multi-million dollar town homes.
 
The Chevy EV-1 was lease only with no option to buy. They were all destroyed by Chevy at the end of lease, with the possible exception of one, and I think it was disabled so it would no longer be drivable.
 
cubrock said:
Ultimately, the market will determine this. Ford can have that policy all they want, but it will stand only if the consumers agree to it.
Click to expand...
Ultimately this will end up in some govt. mandated bullshit and the consumers will get hosed. free market does not exist anymore and things are only going to get less free as the people in charge intentionally drive us further into the oblivion.... Wish things were different but the future seems very clear now.
 
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