TexaCali
Well-known member
Ford obviously is charging for the FFE, but given the incentives and compared with the cost of an ICE car, you may indeed be getting a "FREE" car. Consider the following:
The FFE is approx $36,000 MSRP (inc destination charges)
Ford gives you $6k back
Negotiate a bit off that with the dealer, add sales tax and fees for your area and you are sitting right around $30k out the door (which, at the moment, Ford lets you pay at zero percent over 5 years).
Subtract the $7500 fed tax incentive (assuming you have $7500 in taxes) + any state incentives ($2500 in my case), and you have a net of $20k for the FFE.
Let's now assume the FFE lasts for 100k miles and then becomes a pile of scrap with zero value. That gives us $20k/100k = $0.20/mile for ownership of the car. Of course we have to charge the car, so assume 300Wh/mile and $0.10/kwh and we have $0.03/mile for electricity cost (obviously usage and cost will vary, but these numbers should be close for most people).
If we ignore things like license tag costs and assume no real maintenance costs, we have a "total" driving cost of $0.23/mile.
Now consider a typical mid sized ICE sedan. After having owned several German sedans, and even a Ford Fusion AWD, I can tell you 20 mpg for around town is a very real number. It still shocks me that this is the case, but it is. If we take gas at $4/gal (it is much higher than that in my area), that means the ICE car costs us $4/20 = $0.20/mile just for fuel. Now consider the cost of oil changes, inspections, various services, etc. $150 for a 5k mile service is not unreasonable, esp when taken as an average over the life of the car ($150/5k = $0.03/mile). So now we are up to $0.23/mile just for fuel and service, and we haven't even factored in the cost of depreciating the car over its lifetime!
So you can see, with the above assumptions, we are driving the FFE for the cost of putting gas and oil in an ICE car, making the cost of the FFE itself a wash (compared to buying gas). Now I realize there are a lot of assumptions that may not hold in every case, but they do point out the FFE is an amazing value - which is why I purchased mine. And if indeed it lasts even 100k miles without requiring major service (or if I sell it at 50K miles for say, $10k), it will have been, in my case, a "free" car!
The FFE is approx $36,000 MSRP (inc destination charges)
Ford gives you $6k back
Negotiate a bit off that with the dealer, add sales tax and fees for your area and you are sitting right around $30k out the door (which, at the moment, Ford lets you pay at zero percent over 5 years).
Subtract the $7500 fed tax incentive (assuming you have $7500 in taxes) + any state incentives ($2500 in my case), and you have a net of $20k for the FFE.
Let's now assume the FFE lasts for 100k miles and then becomes a pile of scrap with zero value. That gives us $20k/100k = $0.20/mile for ownership of the car. Of course we have to charge the car, so assume 300Wh/mile and $0.10/kwh and we have $0.03/mile for electricity cost (obviously usage and cost will vary, but these numbers should be close for most people).
If we ignore things like license tag costs and assume no real maintenance costs, we have a "total" driving cost of $0.23/mile.
Now consider a typical mid sized ICE sedan. After having owned several German sedans, and even a Ford Fusion AWD, I can tell you 20 mpg for around town is a very real number. It still shocks me that this is the case, but it is. If we take gas at $4/gal (it is much higher than that in my area), that means the ICE car costs us $4/20 = $0.20/mile just for fuel. Now consider the cost of oil changes, inspections, various services, etc. $150 for a 5k mile service is not unreasonable, esp when taken as an average over the life of the car ($150/5k = $0.03/mile). So now we are up to $0.23/mile just for fuel and service, and we haven't even factored in the cost of depreciating the car over its lifetime!
So you can see, with the above assumptions, we are driving the FFE for the cost of putting gas and oil in an ICE car, making the cost of the FFE itself a wash (compared to buying gas). Now I realize there are a lot of assumptions that may not hold in every case, but they do point out the FFE is an amazing value - which is why I purchased mine. And if indeed it lasts even 100k miles without requiring major service (or if I sell it at 50K miles for say, $10k), it will have been, in my case, a "free" car!