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  • $9,791
    fair price
    $81 below market
    • 105,100 miles
    • No accidents, 2 owners, personal use
    • 4cyl automatic
    • Ideal Cars (19 mi away)
    • Bluetooth
    • Leather Seats
    • Keyless Entry/Start
    • Power Driver Seat
    • Tire Pressure Warnin...
    Close

    Located in Mesa, AZ / 19 miles away from Apache Junction, AZ

    A FEDERAL EV REBATE OF $4,000.00 HAS ALREADY BEEN DEDUCTED FROM THE PRICING. CUSTOMER MUST QUALIFY AS WELL.HURRY IN TO TAKE ADVANTAGE OF OUR BEST NO H...

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: Yes

    Personal Use Only: Yes

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: No

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CU4GL100741
    Stock: C00741
    Certified Pre-Owned: No
    Listed since: 03-22-2025

  • $10,491
    fair price
    $839 below market
    • 74,010 miles
    • 1 accident, 2 owners, corporate fleet vehicle
    • 4cyl automatic
    • Ideal Cars (19 mi away)
    • Bluetooth
    • Leather Seats
    • Keyless Entry/Start
    • Power Driver Seat
    • Tire Pressure Warnin...
    Close

    Located in Mesa, AZ / 19 miles away from Apache Junction, AZ

    THE FEDERAL EV REBATE OF $4,000 HAS ALREADY BEEN DEDUCTED FROM THE PRICING.CUSTOMER MUST ALSO QUALIFY.HURRY IN TO TAKE ADVANTAGE OF OUR BEST NO HAGGLE...

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: No

    Personal Use Only: No

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: No

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CU9GL103926
    Stock: C03926
    Certified Pre-Owned: No
    Listed since: 02-24-2025

  • New Listing
    $6,994
    good price
    $1,404 below market
    • 100,658 miles
    • 4cyl automatic
    • Ideal Cars (19 mi away)
    • Bluetooth
    • Leather Seats
    • Keyless Entry/Start
    • Power Driver Seat
    • Tire Pressure Warnin...
    Close

    Located in Mesa, AZ / 19 miles away from Apache Junction, AZ

    THIS VEHICLE IS LOCATED AT 837 W MAIN ST MESA AZ, 85201PLEASE CALL 480-983-3456PRICING ALREADY INCLUDES THE FEDERAL EV REBATE. CUSTOMER MUST ALSO QUAL...

    AutoCheck Vehicle History Summary Unavailable.

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CUXEL508089
    Stock: C08089
    Certified Pre-Owned: No
    Listed since: 04-02-2025

  • Price Drop
    • 75,247 miles
    • No accidents, 3 owners, corporate fleet vehicle
    • 4cyl automatic
    • Carvana (In-stock online)
    • Home delivery*
    • Back-up camera
    • Bluetooth
    • Navigation
    • Leather Seats
    • Keyless Entry/Start
    Close

    Located in Richmond, VA / 1,918 miles away from Apache Junction, AZ

    At Carvana, we go miles beyond the extra mile. That's why we provide you with a convenient, fast, and hassle-free car buying experience that puts you ...

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: Yes

    Personal Use Only: No

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: No

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CU7GL119963
    Stock: 2003612031
    Certified Pre-Owned: No
    Listed since: 03-26-2025

  • Price Drop
    • 62,747 miles
    • No accidents, 2 owners, corporate fleet vehicle
    • 4cyl automatic
    • Bill Luke Marana (76 mi away)
    • Back-up camera
    • Bluetooth
    • Navigation
    • Leather Seats
    • Keyless Entry/Start
    Close

    Located in Tucson, AZ / 76 miles away from Apache Junction, AZ

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: Yes

    Personal Use Only: No

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: No

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CU4GL101324
    Stock: ML6849A
    Certified Pre-Owned: No
    Listed since: 04-07-2025

  • New Listing
    • 81,641 miles
    • 4cyl automatic
    • CarMax Phoenix - Gilbert (16 mi away)
    • Back-up camera
    • Bluetooth
    • Navigation
    • Leather Seats
    • Keyless Entry/Start
    Close

    Located in Gilbert, AZ / 16 miles away from Apache Junction, AZ

    CarMax values transparency and wants you to love your next car, not settle on it. Certain vehicles may have unrepaired safety recalls. Check nhtsa.gov...

    AutoCheck Vehicle History Summary Unavailable.

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CU9EL512666
    Stock: 27061020
    Certified Pre-Owned: No

  • $7,391
    great price
    $3,063 below market
    • 74,764 miles
    • No accidents, 2 owners, personal use only
    • 4cyl automatic
    • Brown Brothers Automotive (15 mi away)
    • Bluetooth
    • Leather Seats
    • Keyless Entry/Start
    • Power Driver Seat
    • Tire Pressure Warnin...
    Close

    Located in Mesa, AZ / 15 miles away from Apache Junction, AZ

    Our 2013 Ford C-Max SEL Energi Wagon in Oxford White is ready to help you be eco-friendly. Powered by a 2.0 Liter Atkinson 4 Cylinder and Electric Mot...

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: Yes

    Personal Use Only: Yes

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: No

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CU9DL524041
    Stock: BB8112
    Certified Pre-Owned: No
    Listed since: 02-12-2025

  • New Listing
    • 49,993 miles
    • 1 accident, 2 owners, corporate fleet vehicle
    • 4cyl automatic
    • CarMax (In-stock online)
    • Transfer available from VA to AZ*
    • Back-up camera
    • Bluetooth
    • Navigation
    • Leather Seats
    • Keyless Entry/Start
    Close

    Located in Richmond, VA / 1,920 miles away from Apache Junction, AZ

    CarMax values transparency and wants you to love your next car, not settle on it. Certain vehicles may have unrepaired safety recalls. Check nhtsa.gov...

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: No

    Personal Use Only: No

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: No

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CU5GL118746
    Stock: 27059301
    Certified Pre-Owned: No

  • New Listing
    • 72,233 miles
    • 4cyl automatic
    • Carvana (In-stock online)
    • Home delivery*
    • Back-up camera
    • Bluetooth
    • Navigation
    • Leather Seats
    • Keyless Entry/Start
    Close

    Located in Sacramento, CA / 654 miles away from Apache Junction, AZ

    At Carvana, we go miles beyond the extra mile. That's why we provide you with a convenient, fast, and hassle-free car buying experience that puts you ...

    AutoCheck Vehicle History Summary Unavailable.

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CU5GL103406
    Stock: 2003663875
    Certified Pre-Owned: No
    Listed since: 04-16-2025

    • 94,320 miles
    • 1 accident, 1 owner, personal use
    • 4cyl automatic
    • CarMax (In-stock online)
    • Transfer available from VA to AZ*
    • Back-up camera
    • Bluetooth
    • Navigation
    • Leather Seats
    • Sunroof/Moonroof
    Close

    Located in Virginia Beach, VA / 2,004 miles away from Apache Junction, AZ

    CarMax values transparency and wants you to love your next car, not settle on it. Certain vehicles may have unrepaired safety recalls. Check nhtsa.gov...

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: No

    Personal Use Only: Yes

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: No

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CUXGL113915
    Stock: 26976571
    Certified Pre-Owned: No

  • New Listing
    • 85,738 miles
    • 4cyl automatic
    • CarMax (In-stock online)
    • Transfer available from KS to AZ*
    • Bluetooth
    • Navigation
    • Leather Seats
    • Keyless Entry/Start
    • Power Driver Seat
    Close

    Located in Merriam, KS / 1,013 miles away from Apache Junction, AZ

    CarMax values transparency and wants you to love your next car, not settle on it. Certain vehicles may have unrepaired safety recalls. Check nhtsa.gov...

    AutoCheck Vehicle History Summary Unavailable.

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CU1GL118405
    Stock: 27255792
    Certified Pre-Owned: No

  • $9,999
    fair price
    $566 above market
    • 98,015 miles
    • No accidents, 2 owners, personal use only
    • 4cyl automatic
    • Airpark Motorcars (26 mi away)
    • Bluetooth
    • Leather Seats
    • Keyless Entry/Start
    • Power Driver Seat
    • Tire Pressure Warnin...
    Close

    Located in Scottsdale, AZ / 26 miles away from Apache Junction, AZ

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: Yes

    Personal Use Only: Yes

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: No

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CU6FL121914
    Stock: 230017
    Certified Pre-Owned: No
    Listed since: 06-06-2023

  • New Listing
    $11,998
    fair price
    $1,013 above market
    • 89,659 miles
    • No accidents, 1 owner, personal use
    • 4cyl automatic
    • CarMax (In-stock online)
    • Transfer available from CA to AZ*
    • Back-up camera
    • Bluetooth
    • Navigation
    • Leather Seats
    • Sunroof/Moonroof
    Close

    Located in Canoga Park, CA / 409 miles away from Apache Junction, AZ

    CarMax values transparency and wants you to love your next car, not settle on it. Certain vehicles may have unrepaired safety recalls. Check nhtsa.gov...

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: Yes

    Personal Use Only: Yes

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: No

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CUXFL101522
    Stock: 27221289
    Certified Pre-Owned: No

    • 87,077 miles
    • No accidents, 2 owners, corporate fleet vehicle
    • 4cyl automatic
    • CarMax (In-stock online)
    • Transfer available from TN to AZ*
    • Bluetooth
    • Leather Seats
    • Keyless Entry/Start
    • Power Driver Seat
    • Tire Pressure Warnin...
    Close

    Located in Knoxville, TN / 1,560 miles away from Apache Junction, AZ

    CarMax values transparency and wants you to love your next car, not settle on it. Certain vehicles may have unrepaired safety recalls. Check nhtsa.gov...

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: Yes

    Personal Use Only: No

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: Yes

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CU1FL105135
    Stock: 26965351
    Certified Pre-Owned: No

  • New Listing
    • 104,041 miles
    • No accidents, 3 owners, personal use
    • 4cyl automatic
    • CarMax (In-stock online)
    • Transfer available from TX to AZ*
    • Bluetooth
    • Navigation
    • Leather Seats
    • Sunroof/Moonroof
    • Keyless Entry/Start
    Close

    Located in Houston, TX / 966 miles away from Apache Junction, AZ

    CarMax values transparency and wants you to love your next car, not settle on it. Certain vehicles may have unrepaired safety recalls. Check nhtsa.gov...

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: Yes

    Personal Use Only: Yes

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: No

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CU0FL122217
    Stock: 26962103
    Certified Pre-Owned: No

    • 73,070 miles
    • No accidents, 1 owner, personal use
    • 4cyl automatic
    • Carvana (In-stock online)
    • Home delivery*
    • Back-up camera
    • Bluetooth
    • Navigation
    • Leather Seats
    • Keyless Entry/Start
    Close

    Located in Atlanta, GA / 1,554 miles away from Apache Junction, AZ

    At Carvana, we go miles beyond the extra mile. That's why we provide you with a convenient, fast, and hassle-free car buying experience that puts you ...

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: Yes

    Personal Use Only: Yes

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: No

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CU2FL104656
    Stock: 2003620661
    Certified Pre-Owned: No
    Listed since: 04-08-2025

  • Price Drop
    • 82,463 miles
    • No accidents, 2 owners, personal use
    • 4cyl automatic
    • Carvana (In-stock online)
    • Home delivery*
    • Bluetooth
    • Power Driver Seat
    • Tire Pressure Warnin...
    • USB Inputs
    • Multi-Zone Climate C...
    Close

    Located in Boston, MA / 2,268 miles away from Apache Junction, AZ

    At Carvana, we go miles beyond the extra mile. That's why we provide you with a convenient, fast, and hassle-free car buying experience that puts you ...

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: Yes

    Personal Use Only: Yes

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: No

    Features and Specs:

    39 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5EU1HL108665
    Stock: 2003428348
    Certified Pre-Owned: No
    Listed since: 01-24-2025

  • Price Drop
    • 72,640 miles
    • No accidents, 1 owner, personal use only
    • 4cyl automatic
    • CarMax (In-stock online)
    • Transfer available from CO to AZ*
    • Bluetooth
    • Navigation
    • Leather Seats
    • Keyless Entry/Start
    • Blind Spot Monitorin...
    Close

    Located in Federal Heights, CO / 574 miles away from Apache Junction, AZ

    CarMax values transparency and wants you to love your next car, not settle on it. Certain vehicles may have unrepaired safety recalls. Check nhtsa.gov...

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: Yes

    Personal Use Only: Yes

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: No

    Features and Specs:

    39 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5FU1HL102606
    Stock: 26253949
    Certified Pre-Owned: No

  • New Listing
    • 92,237 miles
    • No accidents, 2 owners, personal use
    • 4cyl automatic
    • CarMax (In-stock online)
    • Transfer available from KY to AZ*
    • Bluetooth
    • Navigation
    • Leather Seats
    • Keyless Entry/Start
    • Blind Spot Monitorin...
    Close

    Located in Louisville, KY / 1,486 miles away from Apache Junction, AZ

    CarMax values transparency and wants you to love your next car, not settle on it. Certain vehicles may have unrepaired safety recalls. Check nhtsa.gov...

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: Yes

    Personal Use Only: Yes

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: No

    Features and Specs:

    39 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5FU9HL107603
    Stock: 26950699
    Certified Pre-Owned: No

  • Stock photo**
    $6,995
    good price
    $1,569 below market
    • 117,691 miles
    • 1 accident, 2 owners, personal use
    • 4cyl automatic
    • Del Coronado Motors (35 mi away)
    • Back-up camera
    • Bluetooth
    • Navigation
    • Leather Seats
    • Sunroof/Moonroof
    Close

    Located in Phoenix, AZ / 35 miles away from Apache Junction, AZ

    Your approval is our priority!-Easy Financing-Online credit app-warranty available on all vehicles-good credit or bad credit-first time buyer-repos-ba...

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: No

    Personal Use Only: Yes

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: No

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CU0EL504035
    Stock: T504035
    Certified Pre-Owned: No
    Listed since: 04-06-2025

  • Price Drop
    • 125,010 miles
    • No accidents, 1 owner, personal use only
    • 4cyl automatic
    • CarMax (In-stock online)
    • Transfer available from CA to AZ*
    • Back-up camera
    • Bluetooth
    • Navigation
    • Leather Seats
    • Keyless Entry/Start
    Close

    Located in Irvine, CA / 358 miles away from Apache Junction, AZ

    CarMax values transparency and wants you to love your next car, not settle on it. Certain vehicles may have unrepaired safety recalls. Check nhtsa.gov...

    AutoCheck Vehicle History Summary

    Accident Free Vehicle: Yes

    Personal Use Only: Yes

    History Provider: AutoCheck

    Title Details: Clean Title

    Salvage Vehicle: No

    Frame Damage: No

    Theft History: No

    Lemon Status: No

    Free History Report: No

    Features and Specs:

    38 Combined MPG (N/A City/N/A Highway)

    Listing Information:

    VIN: 1FADP5CU7EL503254
    Stock: 27233934
    Certified Pre-Owned: No

Showing 1 - 21 out of 35 listings

Consumer Reviews for the Ford C-Max Energi

Read recent reviews for the Ford C-Max Energi
Overall Consumer Rating
4.2 out of 5 stars21 Reviews
Write a vehicle reviewSee all 21 reviews
  • 5 star
    (48%)
  • 4 star
    (43%)
  • 3 star
    (0%)
  • 2 star
    (5%)
  • 1 star
    (5%)
4 out of 5 stars

Great comfort, pickup compared to Prius

Leung, 12/27/2016
2016 Ford C-Max Energi SEL 4dr Wagon (2.0L 4cyl gas/electric hybrid CVT)
The car is a “Plug-in Hybrid”. The “Plug-In” part is a pure electric car. It needs to be “plugged-in” to an electric power source to charge its battery. This battery is used to power an electric motor to drive the car. Electric only vehicles are typically called “EVs” and I will use EV to refer to the car in electric-only mode. Separate from the EV, C-Max Energi is a “Hybrid” car. … The Hybrid is a car with a normal gasoline engine, but also uses the engine to charge a battery, which powers an electric motor to either drive the car on its own or supplements the gasoline engine to drive the car. This improves gas mileage, especially in stop-and-go city driving. The battery for the EV part of the C-Max Energi is good for about 20 miles on a full charge and 550-mile range on a full tank/charge. Prior to getting this car, I had rented several Toyota Prius models and drove them for months. They have many plusses: first, they have been on the market for over 10 years so all the kinks have been worked out; next, they have 50+ MPG gas mileage and even higher in stop-and-go city driving. Also, there are probably 15 variations of Prius to choose from. And Toyotas have legendary reliability. So, why did I go for the C-Max, a Ford, an American car? The two minuses compared to the Prius are it has lower gas mileage - 45 MPG in my first two tanks of gas - and the reliability is unknown – the model has been available for about five years. Consumer reports has the C-Max 5-10% below the Prius in reliability. But, I felt the pluses where many. Listing them quickly: • It’s much quieter - insulation from road noise and a longer wheelbase and larger wheels means it rides smoother/quieter. • Better acceleration - while the engine is 2.0L vs. the Prius 1.8L, the C-Max is heavier cancelling out the larger engine advantage. But the C-Max combines electric and gas power when you want to accelerate, so getting on the highway quickly is no problem. • Roomier and higher - for such a small frame, its very roomy inside because it’s tall so getting in and out is easy. • Lower cost - because it’s an EV, there are a number of government incentives (below) that lower the cost. To sum up my view, the C-Max Energi has many plusses and only two minuses, which I can live with. And I’m buying American (paperwork with the car says it’s about 55% US, with the rest from Japan, Mexico and elsewhere) EVs qualify for up to a US$7,500 federal government tax credit and the C-Max Energi qualifies for a $4,007. It also qualifies for $1,500 rebate from California. These incentives make the car much less expensive and pushed me to get the plug-in hybrid instead of a normal hybrid. Combined with incentives from Ford, the price was very attractive and pushed me to get a C-Max Energi vs. the Prius. After being shown the numbers, there was no way I was not going to lease. Before I go into the numbers in the lease, let me describe the incentives (or discounts) from Ford that totaled $12,000: ⁃ $4000 tax credit for an EV. If I bought the car, I would be able to reduce my federal taxes by $4000. However, if I leased the car and Ford still owned it, Ford would take the tax credit and give me an immediate $4000 discount. ⁃ $4000 factory incentives - this was a $4000 standard discount that Ford had provided all year. ⁃ $2500 year-end incentives - combined with a few other programs, I get another $2500 off. ⁃ $1500 lease incentive - this one I don’t really understand. If I bought the car outright, I would get all of the above. If I leased the car, I would get $1500 more. The 2016 C-Max Energy had a sticker price of $34,000. Add to it about $2,000 of taxes and fees and subtract the $12,000 in incentives, right off the bat, the car is costing me $24,000. (34,000+2,000-12,000 = $24,000). $24,000 is the amount I am financing with lease. Then Ford took the $12,000 less the $2,000 tax and expense and used the remaining $10,000 as a down payment for the lease. So I had to put no money down. I drove off with the car, and except for paying for insurance, did not pay a dime. I looked at the monthly payments and the residual value, (the amount I would have to pay if I decided to keep the car at the end of the term for lease) for a lease of 24 months, 36 months and 48 months. It was clear that the 36- month lease was the lowest cost. The numbers are: ⁃ Price of the car: $24,000 ⁃ Deduct the end of three years’ residual value provided by Ford: $12,500 ⁃ My 36 payments, including interest: $12,000 ⁃ Tax on the payments: $1,000 So, I am paying $13,000 divided by 36 monthly payments (about $360 a month) and can give the car back to Ford at the end. If I want to keep the car, I pay Ford $12,500 plus tax of about $1,000 or $13,500. I have done the math and the interest rate I am paying 4.36% per year.
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