Looks like Ford is not doing us any favors with their "Incentive" rate!!

Ford Incentives :bang:

 

Never do on a new model. They have to recoup the cost of bringing it to market. Not sure on cost, although it would be around $750 Mil as an estimate. At least the cost of the Mustang did not go up a lot.

 

thank God for Credit Unions! :worship:

 

yea im sure everybody also read (well whoeever read it) the automobile magazine article praised the price of the new mustang. said it was dirt cheap. now yes 25,000 is alot of money but compared to some other cars like the 350z. yes its a nice little roadster with like 280 hp but its nissan and the roadster is like 42,000. come on

 

5.9% on 60 months is pretty lame

 

Only the poor saps who don't know any better or have questionable credit will go for that.

 

Four years ago I didn't know better- and took that. I won't get fooled again!

BUT I see the light now- I am finally in the paying principal part, So my balance is FINALLY going down monthly.

 

Incentives? They know the car will sell. They done their homework. When you get a lot of feedback from previous mustang owners, telling you what they want in a car, you listen. They did! wait til the advertising begins. They'll pound the 05 to the pavement in advertisements.

I think the only incentives you'll see is later on; if a dealer has a down period in sales, they might possibly put a sale on to get things boosted again.

The car will sell itself

Just my .02 worth

 

I think we've all been there at one point or another. Heck the truck I drive now was bought at 12% interest 5 years ago, it's not that I didn't know any better....I couldn't qualify, giving a house back to your mortgage lender kinda has a negative effect on your credit.

 

OMG -- 5.9% for 60 months! Like a loan shark here, Ford!!

I was thinking 3.9% at the highest, good grief...

Do any of you know a good source for online loans and stuff (read: have you done business with someone and got good results, APR, etc.)?

 

The purpose of incentives is to sell cars that are sitting on dealer lots which they are having trouble selling.

Ford has been at this game for 100 years. They are not stupid. They know that right now incentives are not needed to sell the 2005 Mustang.

Look at the bright side. The more profit Ford makes on the Mustang, the more $$ the bean counters will let loose for future Mustang development, improvements, SE's etc.

 

I don't know if it's THAT bad. (it ain't great though) but the credit union I belong to is 4% apr for 36 months and 4.5 for 48 months. Not too much difference there. They have just been beating the snot out of credit unions for the last couple of years due to lack of sales. THey know better on the stang, at least for the remainder of this year and early into next.

 

This is a bit disappointing, but I guess it's to be expected. I am still hoping they drop the rates in the dead of winter though.

 

I found 3.9 to 4.4 for 60 months on this site....

http://www.bankrate.com/yho/rate/brm_autosearch.asp


NO FORD FINANCING FOR ME!!!!!!!!

 

I think this pretty much seals my decision: i will NOT be buying a 2005 Mustang new. I will have to wait until they start showing up used. I can't afford a huge car payment, high insurance (I'm 22), plus gas, maintinence, ect all while on a military salary. Of course this is a good thing as well as bad: As they start becomming used, I can get my black GT with IUP and IAC for appx $20000.

 

I going thru NASA Federal Credit Union. 3.9 for 60. Not to bad..