Purchase Timing Help
02-08-2018, 05:13 PM
#1
Member
Thread Starter
Purchase Timing Help
Been lurking around the forum doing lots of research and reading - now I'm looking for some input on timing a purchase.
Living in Houston, TX and have a 370Z 6MT at the moment, and yes this is going to the opposite end of the spectrum vehicle wise. But it's time for something practical, and the manual transmission in Houston traffic has gotten quite old.
All that being said, I'm wondering when Ford might have the more aggressive financing options back in place; I've heard Ford truck month? I'm in a 0% loan now, and don't really want to do anything with a high rate (all of Ford's rates are quite high right now, and I have 800+ credit).
Any thoughts / inputs / experience is greatly appreciated!
Living in Houston, TX and have a 370Z 6MT at the moment, and yes this is going to the opposite end of the spectrum vehicle wise. But it's time for something practical, and the manual transmission in Houston traffic has gotten quite old.
All that being said, I'm wondering when Ford might have the more aggressive financing options back in place; I've heard Ford truck month? I'm in a 0% loan now, and don't really want to do anything with a high rate (all of Ford's rates are quite high right now, and I have 800+ credit).
Any thoughts / inputs / experience is greatly appreciated!
02-08-2018, 05:27 PM
#2
Senior Member
Usually it is better to take the rebates and go with regular financing. Right now Ford's incentive programs run until 4/2 do you want to wait to see what the new programs are? Buy off the lot or order?
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chopin_guy (02-08-2018)
02-08-2018, 05:27 PM
#3
thought I saw something recently for 2.9% on the XLTs maybe? each region is different though incentive wise. talk to your bank or local credit union? rates are in the 3% range here for good credit.
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chopin_guy (02-08-2018)
02-08-2018, 06:05 PM
#4
I just bought a 2018 XLT and IMO, Ford Credit isn't using promo rates to move more vehicles. Rather, they seem to be targeting those who may not be able to get credit elsewhere, and charging them accordingly.
With 800+ credit, the best financing they could offer me with was 5.9% !! However, the highest value rebate stack I found included financing through Ford; which I did because I wanted the cash.
So I'll pay 5.9% for a month or two and then refinance the loan for 2.9 through my credit union.
BTW, the finance guy agreed with my approach.
With 800+ credit, the best financing they could offer me with was 5.9% !! However, the highest value rebate stack I found included financing through Ford; which I did because I wanted the cash.
So I'll pay 5.9% for a month or two and then refinance the loan for 2.9 through my credit union.
BTW, the finance guy agreed with my approach.
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chopin_guy (02-08-2018)
02-08-2018, 06:09 PM
#5
I just bought a 2018 XLT and IMO, Ford Credit isn't using promo rates to move more vehicles. Rather, they seem to be targeting those who may not be able to get credit elsewhere, and charging them accordingly.
With 800+ credit, the best financing they could offer me with was 5.9% !! However, the highest value rebate stack I found included financing through Ford; which I did because I wanted the cash.
So I'll pay 5.9% for a month or two and then refinance the loan for 2.9 through my credit union.
BTW, the finance guy agreed with my approach.
With 800+ credit, the best financing they could offer me with was 5.9% !! However, the highest value rebate stack I found included financing through Ford; which I did because I wanted the cash.
So I'll pay 5.9% for a month or two and then refinance the loan for 2.9 through my credit union.
BTW, the finance guy agreed with my approach.
The following users liked this post:
chopin_guy (02-08-2018)
02-08-2018, 06:45 PM
#6
Senior Member
I ususally purchase towards the end of Winter. Half of the time I order. I get A-plan, so I only like to pay for what I want.
I just find that in Feb/March there is brand new inventory for the popular and expensive stuff. There is “older” CY inventory in less popular configurations. And, there is usually left over PY inventory. The dealer I was at yesterday has a 2017 Limited in the showroom for $20k off MSRP.
Jump to the the important part.
The rebates are good, and I just financed through Ford Credit @ 0.99%. When asked how much I was putting down, I asked why I would put anything down..?
I just find that in Feb/March there is brand new inventory for the popular and expensive stuff. There is “older” CY inventory in less popular configurations. And, there is usually left over PY inventory. The dealer I was at yesterday has a 2017 Limited in the showroom for $20k off MSRP.
Jump to the the important part.
The rebates are good, and I just financed through Ford Credit @ 0.99%. When asked how much I was putting down, I asked why I would put anything down..?
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chopin_guy (02-08-2018)
02-08-2018, 06:47 PM
#7
Senior Member
A-plan gets the lowest rate.
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chopin_guy (02-08-2018)
02-08-2018, 07:58 PM
#9
Member
Thread Starter
Wow -- thank you for all the quick feedback!
I'll be buying off the lot - know I have better chance of negotiating a better deal that way. Besides Houston area dealers stock crazy numbers of F150s - so I should be able to find what I'm looking for.
Like the sound of this idea - though I'd love to see 0% nonetheless. Never refinanced a vehicle before - what are the closed fees / process like?
What did you year & configuration did you buy at 0.99% - I'd be open to a 2017 at that rate if they still had a configuration I wanted. Of course, that could be a local offer - might not apply to TX.
I wasn't sure if it was March or April. I've been doing lot's of research, but very well might hold until next month to see what comes around. Nothing pressing on this vehicle switch - so I have time.
I just bought a 2018 XLT and IMO, Ford Credit isn't using promo rates to move more vehicles. Rather, they seem to be targeting those who may not be able to get credit elsewhere, and charging them accordingly.
With 800+ credit, the best financing they could offer me with was 5.9% !! However, the highest value rebate stack I found included financing through Ford; which I did because I wanted the cash.
So I'll pay 5.9% for a month or two and then refinance the loan for 2.9 through my credit union.
BTW, the finance guy agreed with my approach.
With 800+ credit, the best financing they could offer me with was 5.9% !! However, the highest value rebate stack I found included financing through Ford; which I did because I wanted the cash.
So I'll pay 5.9% for a month or two and then refinance the loan for 2.9 through my credit union.
BTW, the finance guy agreed with my approach.
I ususally purchase towards the end of Winter. Half of the time I order. I get A-plan, so I only like to pay for what I want.
I just find that in Feb/March there is brand new inventory for the popular and expensive stuff. There is “older” CY inventory in less popular configurations. And, there is usually left over PY inventory. The dealer I was at yesterday has a 2017 Limited in the showroom for $20k off MSRP.
Jump to the the important part.
The rebates are good, and I just financed through Ford Credit @ 0.99%. When asked how much I was putting down, I asked why I would put anything down..?
I just find that in Feb/March there is brand new inventory for the popular and expensive stuff. There is “older” CY inventory in less popular configurations. And, there is usually left over PY inventory. The dealer I was at yesterday has a 2017 Limited in the showroom for $20k off MSRP.
Jump to the the important part.
The rebates are good, and I just financed through Ford Credit @ 0.99%. When asked how much I was putting down, I asked why I would put anything down..?
I wasn't sure if it was March or April. I've been doing lot's of research, but very well might hold until next month to see what comes around. Nothing pressing on this vehicle switch - so I have time.