Ford Credit just announced the following introductory interest rates on new 2011 Mustang V6 & GT models from April 6th, 2010 to June 1st, 2010....

• 0% for 36 months, or
• 3.9% for 48 months, or
• 4.9% for 60 months, or
• 6.9% for 72 months.

It appears there is a $500 rebate available starting tomorrow on 2011 V6 & GT's, but it is not compatible with the special rates listed above. This info is true for residents in the Seattle and Denver regions and may vary in other regions.

 

Not terrible but not great either. I'll be taking the $500 since Chase has already offered me 3.79% for 60 months.

Let me say though, I am impressed that they're at least making an effort considering how difficult this will make it on Ford to move the rest of the '10 models...

 

WOW!

 

Rates past 3 years suck. Credit Unions mo' betta.

 

 

Like I said, these are introductory rates. 2011 GT500's get nothing from Ford Credit, so something on V6's and GT's is better than nothing.

 

It looks like Bank Of America is offering some very competitive rates also (at least in PA anyway). http://www.bankofamerica.com/vehicle...TextLink&type=

Today's Rates for Pennsylvania
*Rates quoted below include eligible discounts. See Assumptions for details.

April 05, 2010, 07:03 PM Eastern

Loan amounts from $7,500 up to $100,000

Annual Percentage Rates (APR) - As Low As*
Loan Type Up to 60 Months (%) 61 - 72 Months (%)
New car
2.84 3.40
Used car (franchise dealer2)
3.34 3.80
Used car (private party2)
4.59 5.39
Refinance
3.74 4.54
Lease buyout
5.24 6.04

*Assumptions - APR is the Annual Percentage Rate. Rates quoted above assume excellent borrower credit history and may include certain discounts that can range from .15% to .50% and vary by state. To qualify for these discounts, Total Amount Financed must meet state specific guidelines (ask your financing specialist for your states minimums), and / or the Total Amount Financed divided by the Collateral Value must be less than 90%

Actual APRs may vary for your state of residence and are subject to change based on individual credit history.

A loan fee may apply

 

2.84% for 60 months?! That's great news. I'll check out BOA in Texas and see if they're doing the same thing. Thank for the info Rick.

 

Great news! I may take advantage of this!

 

BOA's rates do vary by state. They're offering 3.2% for 60 months and 3.6% for 61-72 months. This is still better than the 3.79% from Chase. I bank with Chase so maybe I can talk them into this lower rate to be competitive.

 

Glad to help!! I hope the rates are this low when my car arrives.....

 

Any close to zero rates for Canada ??

 

If this were April 1st I wouldn't be surprised....

But 0% for 36 months? That's pretty good if you're not financing the whole car. And $500 off is still $500 off. That's like a free option! I hope mine comes in before the deal expires!

 

Yes, I'm glad that they are offering something!

 

I like the 0%/36 option if I can come up with a good downpayment, we'll see . . .

Amazingly enough, Ford REDUCED the incentives on the 2010's today, so the price gap between the 2010 and 2011 is even narrower now.

 

I just checked my credit union and they were offering 6% on new car loans. Guess it depends on the source. heh.

 

Brian, do you have a link to this? I tried looking on the Ford, and Ford Credit site, but couldn't find anything.

 

GUYS, PLEASE NOTE THE FINE PRINT ON THE AUTO LOANS FROM THE BANKS! I work for Chase (Not their banking side thankfully) and I know the low rates they show on the web require you to put down 20% of the MSRP plus tax, tags and fees... I.E. If your GT runs an MSRP of 41,500 the loan can only be for 33,200 if you expect the rate shown on the site... So unless you're dropping 12,000+ out of pocket (I used NY tax @ 8.875%), you won't get those rates... From what I remember on the Ford rate, which I took on my 2003 Mach 1, they gave me the APR with no money out of pocket.

Bottom line, just get the fine print on your loan; most will do better at another financier, but a few of you/us may be better with Ford's promotion.

ALSO, check if the place where you work has a plan with Ford... I know most here already know, but I didn't when I bought my wife's MKX, and my x-dealer didn't mention it when they took my employment info. (They did admit to knowing Chase has an x-plan deal with FLM, when I came in for service 4 months later - hence ex-dealer). I know that's my fault, but don't want anyone else to get beat for 2,500 like I did. Moral of the story is don't impluse purchase =)

 

can these go lower depending on credit? I have excellent credit so most of the %'s are pretty high to me.

 

you can assume that the advertised rates are the BEST rates based on excellent credit, they won't get better but they could get worse if your credit rating is not in the upper ranges of "excellent"