Financing offers for the 350

[npsmith0485]

Does Ford offer 7 year loans on the 350?
And what rate could one expect to get with a 775+ score?

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[firestarter2]

Does Ford offer 7 year loans on the 350?
And what rate could one expect to get with a 775+ score?

I was told 3+ percent. Join a credit union. Pennfed is 1.50 or so on 60? I forget.

 

[daltron]

Does Ford offer 7 year loans on the 350?
And what rate could one expect to get with a 775+ score?

You will probably almost get a better rate from a credit union or a bank.

 

[5.Oh Crush]

Does Ford offer 7 year loans on the 350?
And what rate could one expect to get with a 775+ score?

Yes. You can get 7 years. 3% from PNC, Suntrust, and most credit unions. Northwest Federal, NASA, Apple Federal, etc. Apple will do every half every two for 7 years.

:cheers:

 

[swedensky]

Yes. You can get 7 years. 3% from PNC, Suntrust, and most credit unions. Northwest Federal, NASA, Apple Federal, etc. Apple will do every half every two for 7 years.

:cheers:

Curious, What do you mean "every half every two for 7 years"?

 

[AnthonyB1988]

Navy Fed. Will do 96 months for their members at about 4.3%

 

[daltron]

I think he means .5% for every two years, making 7 years 3.5% unless I read that wrong. Seven years is a quite a long time and you should be able to find a six year loan for well under 3%, maybe even under 2% depending on your credit profile.

Bottom line, right before you are about to buy rate shop the heck out of banks, credit unions, etc and find the best rate before walking into the dealership. Then you can see if they will beat your rate.

 

[daltron]

Navy Fed. Will do 96 months for their members at about 4.3%

Geez, that is an insane loan length and like some $11K in interest.

 

[5.Oh Crush]

Curious, What do you mean "every half every two for 7 years"?

Terrible wording on my part. :doh:
You make half the monthly payment every two weeks. It lowers the payment because you are making 13 monthly (26 bi-monthly) payments a year.

 

[redleg322]

I got 1.5% and $1k+ below sticker on my '17. I was shooting for under a point but that's the best I could squeeze.

 

[Blue Raptor]

Does Ford offer 7 year loans on the 350?
And what rate could one expect to get with a 775+ score?

If your working towards a credit score above 800, don't finance a car for 7 years. 5 years max. If you can't swing the 5 years, perhaps you're biting off more than you can chew. IMO.

 

[mattlqx]

PedFed offers a balloon loan. I did 5 years, $0 down, 2.49%. It's about $22k payment at the end. So I'll either plunk down the change, or do a two-year loan to finish it off. But 2.49% and nothing down is pretty attractive and the payment is lower than the traditional loan I did on my '16 with $19k down by about $100/mo.

I wouldn't recommend this loan for most cars, but the residual on the GT350 is going to be very good after 5 years comparatively so I think this is a good option.

 

[daltron]

If your working towards a credit score above 800, don't finance a car for 7 years. 5 years max. If you can't swing the 5 years, perhaps you're biting off more than you can chew. IMO.

I am not sure if that is correct. At least I know 800+ is absolutely possible with 6 years.

 

[firestarter2]

PedFed offers a balloon loan. I did 5 years, $0 down, 2.49%. It's about $22k payment at the end. So I'll either plunk down the change, or do a two-year loan to finish it off. But 2.49% and nothing down is pretty attractive and the payment is lower than the traditional loan I did on my '16 with $19k down by about $100/mo.

I wouldn't recommend this loan for most cars, but the residual on the GT350 is going to be very good after 5 years comparatively so I think this is a good option.

This i was I did. Ill trade or buy at the end.

 

[npsmith0485]

PedFed offers a balloon loan. I did 5 years, $0 down, 2.49%. It's about $22k payment at the end. So I'll either plunk down the change, or do a two-year loan to finish it off. But 2.49% and nothing down is pretty attractive and the payment is lower than the traditional loan I did on my '16 with $19k down by about $100/mo.

I wouldn't recommend this loan for most cars, but the residual on the GT350 is going to be very good after 5 years comparatively so I think this is a good option.

Do you mind sharing what it is you pay per month with the balloon?

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