2015 - 2023 MUSTANG Discuss everything 2015-2023 S550 Mustang
Sponsored by:
Sponsored by: CARiD

How are you financing??

Thread Tools
 
Search this Thread
 
Old Sep 16, 2014 | 12:38 PM
  #1  
ScottsGT's Avatar
Thread Starter
GT Member
 
Joined: February 3, 2014
Posts: 147
Likes: 0
From: Columbia, SC
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.
Reply
Old Sep 16, 2014 | 02:03 PM
  #2  
AWmustang's Avatar
Cobra Member
 
Joined: October 12, 2004
Posts: 1,188
Likes: 7
From: Milwaukee, WI
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.
Reply
Old Sep 16, 2014 | 02:07 PM
  #3  
Brian Moffat's Avatar
V6 Member
 
Joined: September 2, 2014
Posts: 64
Likes: 0
From: Tampa Bay Area, FL
[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.
Reply
Old Sep 16, 2014 | 02:16 PM
  #4  
Mrsuitcase's Avatar
Bullitt Member
 
Joined: August 13, 2013
Posts: 261
Likes: 0
From: Burlington
I wouldn't even know that. Canadian build and price site not up yet!
Reply
Old Sep 16, 2014 | 02:23 PM
  #5  
cdynaco's Avatar
Post *****
 
Joined: December 14, 2007
Posts: 19,953
Likes: 4
From: State of Jefferson Mountains USA
Credit Union's are typically the lowest.
Reply
Old Sep 21, 2014 | 07:40 AM
  #6  
KC3333's Avatar
Bullitt Member
 
Joined: January 14, 2012
Posts: 212
Likes: 0
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; Sep 21, 2014 at 12:50 PM.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
ISELLFORD
From The Ford Salesman
2
Aug 26, 2023 04:38 PM
My1st5.0
2015 - 2023 MUSTANG
7
Aug 5, 2015 07:59 PM
poldrv
2005-2009 Mustang
6
May 17, 2005 05:45 PM
usdclark
2005-2009 Mustang
14
Sep 28, 2004 03:55 PM
bryman
2005-2009 Mustang
9
Jun 25, 2004 10:39 AM




All times are GMT -6. The time now is 01:48 AM.