Additional 2020 price cuts? When?

[MX Raptor]

Just putting this out there as there might be a few guys with inside information.

With what is going on in the world with Covid and markets are crashing, or rising depending on what you've invested in my question is when will Ford have to go even lower on the rebates or price cuts? As Ford is pushing the 0% for 84 months to get rid of any '19 inventory, and with plants shut down the '21 MY will be on us soon. If this trend continues with the stay at home orders what do you guys think Ford will have to do to the 2020 cars to get sales? I know the 2020's are currently 0% for 72 is on going, but with all the incentives going on and with a decent credit score it seems almost a wash.

My hopes as a A-plan holder, they will jump to 0% for 84 months on the 2020's and allow incentives to be added on. A long shot, maybe.. but desperate times call for desperate measures.

What are your guys thoughts? Any inside information?

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[dfanucci]

2020's are not going to change much from what they are right now with 19's sitting on lots...

0% with full incentives and rebates will never happen.

2020's will pretty much stay close to where it is right now until next year.

 

[Medsport]

Does anybody have any idea what credit score you need to get the 0% financing?

 

[Bikeman315]

Does anybody have any idea what credit score you need to get the 0% financing?

Tier 1.

Most scores fall somewhere between 600 and 800. In general, a score of 700 to 740 and above will be considered excellent or Tier 1 Credit. A score of 660 to 699 would be considered average, or Tier 2 Credit. A score of 620 to 659 would be considered fair, or Tier 3.

 

[Wbenav2]

It seems COVID hasn't done much to pressure dealers to mark down their vehicles. I got offered a measly 2k off MSRP (38k) for sale price of 36k from a base 10 speed 19 GT with their 0% offer for 84 months for a dealer. Wondering how much realistically i should be aiming for during these times.

 

[Medsport]

Tier 1.

Most scores fall somewhere between 600 and 800. In general, a score of 700 to 740 and above will be considered excellent or Tier 1 Credit. A score of 660 to 699 would be considered average, or Tier 2 Credit. A score of 620 to 659 would be considered fair, or Tier 3.

Well at least I would still be in tier 2 with the recent 60 point drop. I still don't understand why the ford site said no payment was due and why I didn't pay last month. Now I'm wondering how long it will take to for my credit to raise 15-20 points or so and if it would be worth it to try to dispute the derogatory mark?

 

[Bikeman315]

Well at least I would still be in tier 2 with the recent 60 point drop. I still don't understand why the ford site said no payment was due and why I didn't pay last month. Now I'm wondering how long it will take to for my credit to raise 15-20 points or so and if it would be worth it to try to dispute the derogatory mark?

Speak to Ford, explain what happened and ask that they remove the hit. Once done contact the three reporting companies and ask them to update ASAP. I've had something similar happen to me in the past and this worked.

 

[Bikeman315]

It seems COVID hasn't done much to pressure dealers to mark down their vehicles. I got offered a measly 2k off MSRP (38k) for sale price of 36k from a base 10 speed 19 GT with their 0% offer for 84 months for a dealer. Wondering how much realistically i should be aiming for during these times.

I believe that Ford is giving financial assistance to their dealers to deal with inventory issues. No one is going to sit on inventory if it is costing them big bucks. That said, there are deals to be had so keep searching.

 

[dfanucci]

It seems COVID hasn't done much to pressure dealers to mark down their vehicles. I got offered a measly 2k off MSRP (38k) for sale price of 36k from a base 10 speed 19 GT with their 0% offer for 84 months for a dealer. Wondering how much realistically i should be aiming for during these times.

Make that dealer sweat a little bit. 2k off on a 2019 (roughly 6%) is low.

I got 7% off my 2020 with the 0% and 72...

 

[Bikeman315]

Make that dealer sweat a little bit. 2k off on a 2019 (roughly 6%) is low.

I got 7% off my 2020 with the 0% and 72...

The point is that some dealers are not sweating. Looks like they do not have a financial impetus to do so.

 

[Medsport]

Speak to Ford, explain what happened and ask that they remove the hit. Once done contact the three reporting companies and ask them to update ASAP. I've had something similar happen to me in the past and this worked.

Did you have to send them a letter to the credit dispute department like they told me the other day or did you just call them?

 

[Bikeman315]

Did you have to send them a letter to the credit dispute department like they told me the other day or did you just call them?

Sorry, my issue was with a credit card company. I both called and wrote them. Make sure to get a signed return receipt for the letter.

 

[BimmerDriver]

The point is that some dealers are not sweating. Looks like they do not have a financial impetus to do so.

I remember years ago, a friend was telling me of a friend who sold cars. He said something like:

In November we sold 30 cars and made $100K profit. In December we sold 15 cars and made $100K profit.​

So, I suspect that some dealers, facing slowing sales, are trying to maximize profits per unit. Others want the volume, and are willing to deal.

 

[Bikeman315]

I remember years ago, a friend was telling me of a friend who sold cars. He said something like:

In November we sold 30 cars and made $100K profit. In December we sold 15 cars and made $100K profit.​

So, I suspect that some dealers, facing slowing sales, are trying to maximize profits per unit. Others want the volume, and are willing to deal.

Exactly. I had to stop by my dealer yesterday to replace a broken puddle light. I was speaking to the GM about this very topic. He told me that they are always willing to make a good deal but they are in no rush to give a car away. They are currently experiencing a shortage on some key models and no real idea when the pipeline is going to start flowing again. He then asked if i wanted a deal on a GT500. He was kidding, I think.

 

[shogun32]

He then asked if i wanted a deal on a GT500. He was kidding, I think.

the answer to that question is always 'Yes!'. followed often by "how is THAT remotely a dea?"

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