How are you financing??
9/16/14, 12:38 PM
#1
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How are you financing??
I cannot find anything on Ford Credit on interest rates and everything I am finding is about 2.6% up to 3.4% A local Credit Union is offering 1.99% through November for new loans. I might stop by and ask mine if they can be competitive.
I've got right at $10K for a down payment, so I'm hoping to get the payment as low as possible since we have a 2012 Honda Pilot financed right now too.
I've got right at $10K for a down payment, so I'm hoping to get the payment as low as possible since we have a 2012 Honda Pilot financed right now too.
9/16/14, 02:03 PM
#2
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The build and price tool gives me loan and lease prices.
It quotes the following:
1.9% for 36 months
2.9% for 48 months
3.9% for 60 months
5.9% for 72 months
However, its almost always cheaper to go with your bank or the dealer's bank than Ford if they aren't running any financing deals, which I'm sure they won't be for a brand new car.
Best bet is to get a quote from your bank, then tell the dealer you are pre-approved for a few tenths lower and they can usually match or beat it.
It quotes the following:
1.9% for 36 months
2.9% for 48 months
3.9% for 60 months
5.9% for 72 months
However, its almost always cheaper to go with your bank or the dealer's bank than Ford if they aren't running any financing deals, which I'm sure they won't be for a brand new car.
Best bet is to get a quote from your bank, then tell the dealer you are pre-approved for a few tenths lower and they can usually match or beat it.
9/16/14, 02:07 PM
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[QUOTE=
Best bet is to get a quote from your bank, then tell the dealer you are pre-approved for a few tenths lower and they can usually match or beat it.[/QUOTE]
My salesman told me to check about a week or 2 prior to actually picking up my Mustang, sometimes Ford offers rebates for using their financing. If that is the case, you finance through ford get the cash rebate and than after 3 payments you refinance through your bank or credit union and get a lower interest rate.
Best bet is to get a quote from your bank, then tell the dealer you are pre-approved for a few tenths lower and they can usually match or beat it.[/QUOTE]
My salesman told me to check about a week or 2 prior to actually picking up my Mustang, sometimes Ford offers rebates for using their financing. If that is the case, you finance through ford get the cash rebate and than after 3 payments you refinance through your bank or credit union and get a lower interest rate.
9/21/14, 07:40 AM
#6
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Check your bank too. Mine was cheaper than my credit union. Also, most dealers will search and find the lowest for you (you can sometimes do better) among the banks they deal with. Finally, re-fi's are getting very common and very competitive on cars. You could take the best the dealer has and re-fi soon after. Shop around. I think many will be eager for your business.
Last edited by KC3333; 9/21/14 at 12:50 PM.
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