It's Happening...

[minjitta]

I would start with open KFCU account and get 1.39% for 36 months or 1.69% for 60 months finance rate.
Get your financial approve before shop for Mustang.
Brought all my cars with KFCU finance hard to beat their deals
https://www.kfcu.org/

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[JessV]

I plan on doing 72 months, but am not sure which banks offer the best rate for that time frame. I know Ford has that "special financing" deal for 72 months at 4.9% APR and that's too high, to be honest. I'm looking around 2.5-3.5%.

 

[Stam616]

I plan on doing 72 months, but am not sure which banks offer the best rate for that time frame. I know Ford has that "special financing" deal for 72 months at 4.9% APR and that's too high, to be honest. I'm looking around 2.5-3.5%.

I PM'd you. Hope I can help

 

[Khyber]

I plan on doing 72 months, but am not sure which banks offer the best rate for that time frame. I know Ford has that "special financing" deal for 72 months at 4.9% APR and that's too high, to be honest. I'm looking around 2.5-3.5%.

not sure if they still are but state farm was running 2.73 for 72 months a month ago when i got mine. at the time they were the lowest 72 month option i saw. of course varies on where you're at sometimes too

 

[JessV]

Got some exciting news for you guys!

We just applied through Bank of America for 72 months at $22,000 (down payment included) and my mom was primary and I was joint applicant. We got an approved APR for 2.8%! Definitely lower than I was expecting

So now what.... Go to the Ford dealership with my loan in hand and tell them if Ford Credit can beat it, we will finance through them?

I'm excited for next week!

 

[Khyber]

Got some exciting news for you guys!

We just applied through Bank of America for 72 months at $22,000 (down payment included) and my mom was primary and I was joint applicant. We got an approved APR for 2.8%! Definitely lower than I was expecting

So now what.... Go to the Ford dealership with my loan in hand and tell them if Ford Credit can beat it, we will finance through them?

I'm excited for next week!

you got it. just don't let them run yall's credit again unless you really think ford can beat them... they will try to get other banks to beat it too... but 2.8 for 72 is really good for you. I'd say stick with it and go buy the car and not having your credit pulled again. If someone can beat it, it won't be by much...just have the run the credit only ONCE for one bank at dealer if you know they can beat 2.8. imo....if not they'll run your credit 35 times for multiple banks.

 

[Jeepwx03]

you got it. just don't let them run yall's credit again unless you really think ford can beat them... they will try to get other banks to beat it too... but 2.8 for 72 is really good for you. I'd say stick with it and go buy the car and not having your credit pulled again. If someone can beat it, it won't be by much...just have the run the credit only ONCE for one bank at dealer if you know they can beat 2.8. imo....if not they'll run your credit 35 times for multiple banks.

My bank has told me along with others that as long as the credit checks are within a certain amount of time it will not effect your credit. I cannot remember the time frame, perhaps within the same month?

 

[Khyber]

well if you get your credit ran against 35 banks at one time...usually that's each bank pulling credit....BUT that isn't the same every where.

I only let my credit get ran once, where as my dumb cousin when she bought a used bmw let them run her credit 15 times....

 

[PonyGrrrl]

If you run it 30x in the same month it only counts once.

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[Khyber]

If you run it 30x in the same month it only counts once.

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not according to the lenders I work with only a daily basis in real estate

 

[dude]

If you run it 30x in the same month it only counts once.

I'm not sure this is the case... Try not to run your credit too much.

JessV, that mustang you posted has no options. Try to get it for $22-23k. Make sure they don't tack on silly fees that don't make sense. Read the contract before you sign it.

Read this: http://blogs.cars.com/kickingtires/...er-wanted-to-know-about-a-dealer-doc-fee.html

 

[JessV]

I've read on credit forums that submitting in multiple auto loans (within 14 days) only counts as one hard pull on your credit report. Can anyone support this? I have a friend who went car shopping a while back and they pulled multiple lenders and it showed up as "16 credit inquiries" from that day on his Credit Karma account.


Also, @Dude mentioned to try to get the car for $22-23k. How exactly do I go about doing that when I get to the dealership? Do I just say straight up when I meet the salesperson, "Make this car $23,000 (excluding regional, destination, admin fees, etc) and I'll drive this car home with me today?"

 

[Khyber]

Also, @Dude mentioned to try to get the car for $22-23k. How exactly do I go about doing that when I get to the dealership? Do I just say straight up when I meet the salesperson, "Make this car $23,000 (excluding regional, destination, admin fees, etc) and I'll drive this car home with me today?"

shop around...

 

[Charles147]

Got some exciting news for you guys!

We just applied through Bank of America for 72 months at $22,000 (down payment included) and my mom was primary and I was joint applicant. We got an approved APR for 2.8%! Definitely lower than I was expecting

So now what.... Go to the Ford dealership with my loan in hand and tell them if Ford Credit can beat it, we will finance through them?

I'm excited for next week!

Yup, I would see if the dealership can beat it.

 

[PonyGrrrl]

The hard inquiries show up but only one can effect your score. My father is in finance and a few client friends also.

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