Are you financing through Ford?

[Todd15Fastback]

We have been using StateFarm for all of our financing needs the last 3 years. All cars and our boat is financed with them. Makes it so easy and great rates.

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[badass03ragtop]

Just make sure you make them compete! This works best if you have excellent credit, but it works no matter what.

For example, when I was considering financing, Navy Federal Credit offered 1.99 for 72 to start, then gave .25 off for retired pay, then another .25 off for 25 years of membership. Now 1.49. Called USAA and told them what rate I had gotten. Since it was a competitive rate, they beat it. Ford couldn't/wouldn't go lower, but a local bank the dealership used would. Bottom line would have been .90 for 72 months... Unheard of in published rates, but if they want your business, they'll go lower if you have a competing quote. Just "saying" you got "this rate" from a competitor doesn't work. It has to be provable.

Just for the record, I often take a loan for a longer term, as long as I can get a low rate, just in case something bad happens, but have never taken term to pay the loan, so I suggest if this is your strategy, make sure the institution you choose doesn't have any penalties for early payback.

In the end, I decided not to finance. My FICO is just under 820, so I didn't see any advantage to financing.

 

[H1 GT]

Nobody can ever beat PenFed.

 

[evo8904]

Just make sure you make them compete! This works best if you have excellent credit, but it works no matter what.

For example, when I was considering financing, Navy Federal Credit offered 1.99 for 72 to start, then gave .25 off for retired pay, then another .25 off for 25 years of membership. Now 1.49. Called USAA and told them what rate I had gotten. Since it was a competitive rate, they beat it. Ford couldn't/wouldn't go lower, but a local bank the dealership used would. Bottom line would have been .90 for 72 months... Unheard of in published rates, but if they want your business, they'll go lower if you have a competing quote. Just "saying" you got "this rate" from a competitor doesn't work. It has to be provable.

Just for the record, I often take a loan for a longer term, as long as I can get a low rate, just in case something bad happens, but have never taken term to pay the loan, so I suggest if this is your strategy, make sure the institution you choose doesn't have any penalties for early payback.

In the end, I decided not to finance. My FICO is just under 820, so I didn't see any advantage to financing.

Their are always advantages to financing at .9%

 

[Macfarland]

The lowest rate I found here in SD is 1.89% 36-72 months from Mission Fed Credit Union. When the APR is the same at 48 and 72 months, I always choose the latter for the comfort of the payments. I usually pay it off by the fifth year, but I like to take advantage of the lower payment from the beginning.

 

[phil1336]

I have always used Ford Credit for financing since (in the past) they offered the lowest promotional APR (and) Cash Incentives if you had excellent FICA Scores. Now that they only let you pick $500 Switch Cash, formally "Dream Big" or low APR rates, I took the Cash instead of Ford Credit financing. Dealer dropped the APR by 1.50% by going with Capital One and I still got the $500 Incentive Cash. On a 36 month loan, its only an extra $6 @ month more so I took the Bonus Cash over the 0.9% Ford Credit Financing.

 

[NavyChief]

I was gonna go with usaa but they would not match 1.99 for 72 with a local credit Union. So I said screw you then. I'll take the better apr. Sad they usually match but not this time. There lose which is sad

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