Financing offers for the 350

[Jb350]

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

I got the 84 month (7 year) at 2.9% with no money down. I ended up putting money down so I wouldn't be upside down, but that's through PNC bank. I don't bank with PNC but they came back with the best terms. And my score is a little lower than yours

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[firestarter2]

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

mine is 615 or 635

 

[mattlqx]

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

A little over $700 on $61000.

 

[npsmith0485]

thats certainly more attractive than 61k over 60 months

 

[HizliBullet]

Im on 72 month term @ 4.49%

 

[SchultzLT1]

Never be upside down in a loan.

 

[firestarter2]

Never be upside down in a loan.

This car is worth more used then new...

 

[AnthonyB1988]

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

It is pretty long. But I guess if you get the car at MSRP and no ADM it might be about close to the same!

 

[EF300]

I am doing 2.49%, 0 Down x 72 m/o

I got approved for 1.8% @ 72 mo but they want 10K down and I dont really feel like putting $ down on a depreciating asset. Over the course of the loan it would be a $ 1400 savings. Prolly I'll just over pay my current loan to make up the difference over a few years.

 

[abhele]

I am doing 2.49%, 0 Down x 72 m/o

I got approved for 1.8% @ 72 mo but they want 10K down and I dont really feel like putting $ down on a depreciating asset. Over the course of the loan it would be a $ 1400 savings. Prolly I'll just over pay my current loan to make up the difference over a few years.

mind sharing which bank?

 

[Tomster]

Mine was 2%, 4 year, 0 down with NW credit union. Yes, shop it before you go in. I called USAA and had like 2.2 or something and the dealer aggressively tried to beat that quote. My credit was an 820 at that time IIRC.

 

[SchultzLT1]

This car is worth more used then new...

It's really not, and people with 0% down are financing ADM's, taxes, and fees. None of that is good. If you're not able to sell it the next day without putting a chunk out of your pocket into the payoff, then it's bad debt. I can't believe how many bad ideas there are out there. Balloon loans? 84? 96? I hate to say it but at that point you really are stretching to afford the car.

 

[EF300]

I paid my dealer markup up front. It was only 2500.

 

[EF300]

mind sharing which bank?

1.8% is Florida Central Credit Union

2.49% is Virginia Credit Union

 

[firestarter2]

It's really not, and people with 0% down are financing ADM's, taxes, and fees. None of that is good. If you're not able to sell it the next day without putting a chunk out of your pocket into the payoff, then it's bad debt. I can't believe how many bad ideas there are out there. Balloon loans? 84? 96? I hate to say it but at that point you really are stretching to afford the car.

It was a joke. You can pay up front or at the end interest rates are so low it's not a huge difference.

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