With an 800 score, you should be able to get the best rates Ford offers without needing to put anything down. Are they making you use their specific financing?
I have a score over 800, and when I bought mine two weeks ago, I went for the 0% rate. 9% is way too much.
Honestly, I feel like the 2023 Platinum models are missing some of the best features, and the Lariat might be a better deal. But if you can pay it off quickly after a few months, the price you’re getting here is pretty good. Just a thought.
Dealers get a bonus if you finance with them at higher rates.
I thought you couldn’t claim the tax credit if the MSRP is over $80k, even if discounts bring it down?
Oak said:
I thought you couldn’t claim the tax credit if the MSRP is over $80k, even if discounts bring it down?
He mentioned a ‘Ford incentive’ rebate to make up for losing the tax credit.
@Mika
Oh, I missed that part. Thanks! This really is an awesome deal then.
Does your state allow prepayment penalties? If not, just take the deal and refinance a month later.
Could you sign the purchase papers and then bring your own financing?
My credit score is below 700, and I still got 0% for 60 months thanks to some trade-in equity.
Other than the high interest, that’s an amazing deal!
That’s a killer deal. Go for it!
I thought you couldn’t use the X plan rebate unless it’s an official X plan deal, and those usually don’t come with any extra discounts. But hey, not your issue if they’re letting you stack the discounts!
No way. I’d put that $10k into an index fund and wait to buy the car.
Zeke said:
No way. I’d put that $10k into an index fund and wait to buy the car.
Specifically, I wouldn’t accept the 9%!
Zeke said:
No way. I’d put that $10k into an index fund and wait to buy the car.
Specifically, I wouldn’t accept the 9%!
I could refinance it with 30% down. It’s not like I need the money; this would just be temporary.
@Teal
Then why not just buy the car outright? Or get a used one if it’s just a temporary thing?