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Ford 0% financing fine print?

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Old 08-05-2017, 07:04 PM
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Default Ford 0% financing fine print?
Got a dumb question here: The fine print for the current 0% financing offer reads

"Not all buyers will qualify for Ford Credit financing. 0% APR financing for 60 months at $16.67 per month per $1,000 financed regardless of down payment."

What does the "at $16.67 per month per $1,000 financed regardless of down payment." mean?

Is this a fee?
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Old 08-05-2017, 07:26 PM
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That is your payment. $16.67 for every $1000 financed.

So if you finance $30,000, you take $16.67 x 30 for a payment of $509.10 for 60 months.
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Old 08-05-2017, 07:42 PM
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Originally Posted by SteedaGT
That is your payment. $16.67 for every $1000 financed.

So if you finance $30,000, you take $16.67 x 30 for a payment of $509.10 for 60 months.
Ok. Duh! Thanks for that! I'm the type of person that thinks there is always a catch!
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Old 08-06-2017, 01:11 PM
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Originally Posted by jason430
Ok. Duh! Thanks for that! I'm the type of person that thinks there is always a catch!
The catch is at the beginning "Not all buyers will qualify for Ford Credit financing". Nothing to worry about if you have good credit.
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Old 08-06-2017, 01:57 PM
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Originally Posted by GMC to Ford
The catch is at the beginning "Not all buyers will qualify for Ford Credit financing". Nothing to worry about if you have good credit.
Good credit the the caveat. I don't know where the good credit number starts at though.
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Old 08-06-2017, 02:57 PM
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Originally Posted by Wanted33
Good credit the the caveat. I don't know where the good credit number starts at though.
700+
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Old 08-06-2017, 04:13 PM
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To put it in English, take $1,000 and divide by 60 months and you get $16.67.
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Old 08-07-2017, 06:05 AM
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Originally Posted by GMC to Ford
The catch is at the beginning "Not all buyers will qualify for Ford Credit financing". Nothing to worry about if you have EXCELLENT credit.
Good credit wont cut it, it is usually spotless or 740 and above.
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Old 08-07-2017, 11:09 AM
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Fine print usually includes factory rebates are not allowed with the financing. If you have good credit anyways, odds are you can get a low interest loan from your bank and save money with the rebates
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Old 08-07-2017, 11:14 AM
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Agreed. I always take the rebates. Refinance with your bank or a credit union.

Originally Posted by untraceable
Fine print usually includes factory rebates are not allowed with the financing. If you have good credit anyways, odds are you can get a low interest loan from your bank and save money with the rebates
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