Just got off the phone with Ford Financing....No early payoff penalty!!!
#2
Let the Fun Begin
becareful when you refinance though! I was going to finance through Ford to get the extra $1000 rebate they were offering..but there is a catch. If you take the ford financeing just to get that $1000, and then pay off ford and try to refinance with somone else...the rate you are going to get is a "used car" rate b/c your truck isnt new anymore..its already been titled. so in the long run oyu might end up paying more since you cant get a new car rate anymore... jsut something to think about.
#3
Senior Member
#4
becareful when you refinance though! I was going to finance through Ford to get the extra $1000 rebate they were offering..but there is a catch. If you take the ford financeing just to get that $1000, and then pay off ford and try to refinance with somone else...the rate you are going to get is a "used car" rate b/c your truck isnt new anymore..its already been titled. so in the long run oyu might end up paying more since you cant get a new car rate anymore... jsut something to think about.
#5
Guest
Posts: n/a
#6
becareful when you refinance though! I was going to finance through Ford to get the extra $1000 rebate they were offering..but there is a catch. If you take the ford financeing just to get that $1000, and then pay off ford and try to refinance with somone else...the rate you are going to get is a "used car" rate b/c your truck isnt new anymore..its already been titled. so in the long run oyu might end up paying more since you cant get a new car rate anymore... jsut something to think about.
#7
This is what my dealer told me as well. I just bought my 2010 XLT a couple months ago. He said I had to wait 90 days then I could refinance. I work for a Credit Union; I checked with the loan people and they told me that I could get the current rate for new autos after my 90 days were up. YMMV
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#8
Let the Fun Begin
Glad to hear though that your getting a good rate!
#9
Senior Member
I guess there is nothing in writing about the dealer penalty for loan payoff less than 3 months. I didn't see anything like that on my loan, but I got the $1,000 credit for Ford Credit Financing. And now I'm fixin' to pay it off, one way or another because 8.99% interest is not in my best interest.
#10
screw the dealer
Guys do you really care about the dealer. They are all alike. If I was an idiot and paid the $45000 MSRP, they wouldn't give a damn. I don't give a damn. They will be o.k. I will refinance with new car rates ASAP, and everyone else should too.