When it comes to buying a car, people always want to get the best deal possible. One way to do that is by taking advantage of employee pricing programs like Ford X Plan. But is it really worth it? In this article, we’ll take a closer look at what Ford X Plan is, how it works, and whether or not it’s worth considering for your next car purchase.
What is Ford X Plan?
Ford X Plan is an exclusive pricing program offered to employees of Ford Motor Company, their family members, retirees, and eligible partners. The program allows eligible participants to purchase or lease new Ford vehicles at a discounted price, usually around invoice cost. The discounts can vary depending on the vehicle, but they can be significant, often ranging from hundreds to thousands of dollars off the MSRP.
To be eligible for Ford X Plan, you must be an active employee of Ford Motor Company, a family member of an active employee, a retiree, or an eligible partner. Eligible partners include members of certain organizations, such as the American Quarter Horse Association, National Association of Home Builders, and National Federation of Independent Business Owners. You can find a full list of eligible partners on the Ford X Plan website.
How Does Ford X Plan Work?
Once you’ve determined that you’re eligible for the Ford X Plan, the next step is to obtain a PIN (personal identification number) from the program website. You can then take the PIN to a participating Ford dealership, along with your proof of eligibility, and present it to the salesperson. The salesperson will then be able to offer you the discounted price based on the X Plan pricing formula.
The X Plan pricing formula takes into account the vehicle’s invoice cost, plus a fixed percentage (usually around 0.4%) for the dealership’s overhead and profit. The final price you’ll pay is the invoice cost plus the fixed percentage, minus the applicable incentives and rebates. It’s important to note that the X Plan pricing is non-negotiable, so you won’t be able to haggle for a better deal.
Is Ford X Plan Worth It?
So, now that you know what Ford X Plan is and how it works, the question remains: is it worth it? The answer, as with most things, is that it depends.
Pros of Ford X Plan
One of the biggest pros of Ford X Plan is the potential for significant savings on a new vehicle. The X Plan pricing formula often results in prices that are lower than what you could negotiate on your own, especially if you’re not an experienced negotiator. Additionally, the pricing is transparent and non-negotiable, so you don’t have to worry about being taken advantage of by a salesperson.
Another advantage of Ford X Plan is that it’s easy to use. You don’t have to do any haggling or negotiating – you simply present your PIN and proof of eligibility, and the salesperson will give you the X Plan price. This can save you time and stress, especially if you don’t enjoy the car-buying process.
Cons of Ford X Plan
One of the biggest cons of Ford X Plan is that not everyone is eligible for the program. If you’re not an employee of Ford Motor Company, a family member of an employee, a retiree, or an eligible partner, you won’t be able to take advantage of the program. Additionally, even if you are eligible, you may not be able to use the X Plan pricing in conjunction with other incentives or promotions.
Another potential downside of Ford X Plan is that it’s not always the best deal available. Depending on the vehicle and the market, you may be able to negotiate a better deal on your own or find a better discount through another program or promotion. It’s always a good idea to do your research and compare pricing options before making a decision.
Conclusion
So, is Ford X Plan worth it? Ultimately, it depends on your individual situation and preferences. If you’re eligible for the program and are looking for a hassle-free way to get a good deal on a new Ford vehicle, then the X Plan pricing may be a great option for you. However, if you’re not eligible or are looking for the absolute best deal possible, you may want to consider other pricing options or negotiate on your own. As with any major purchase, it’s important to do your research and weigh your options carefully before making a decision.
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