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Ford Credit
Posted on 6/18/17 at 5:45 pm
Posted on 6/18/17 at 5:45 pm
Just curious if anybody has bought a new Ford with financing through Ford Credit. I see Ford is throwing some good rebates out there on the F-150. I am also wondering what your credit score has to be in order to get a decent interest rate? Any advice? TIA.
4
Posted on 6/18/17 at 5:50 pm to CobraCommander83
Most people finance with Ford for the rebate and then refinance somewhere else with a better rate. Credit union, online bank, etc
Posted on 6/18/17 at 6:20 pm to Croacka
quote:
Most people finance with Ford for the rebate and then refinance somewhere else with a better rate. Credit union, online bank, etc
I would prob. do that. The biggest problem I have is getting approved with a decent interest rate. Credit score is not awful but it is down due to some financial hardships my wife and I had 5 years ago. Credit score is 685 but I have a lot on my credit report because everything I got had to be put in my name due to chapter 7 BR five years ago.
Posted on 6/18/17 at 6:20 pm to CobraCommander83
I financed with Ford 3 years ago at 2.9%. Made 3 payments and refinanced with USAA at 1.9%. 800+ credit score
Posted on 6/18/17 at 9:19 pm to CobraCommander83
Currently have a no interest loan through Ford Credit.
Our credit scores are over 800, so not sure what score is required to qualify for zero percent. They seem to advertise it quite often though.
Our credit scores are over 800, so not sure what score is required to qualify for zero percent. They seem to advertise it quite often though.
Posted on 6/19/17 at 7:52 am to Croacka
I financed through Ford for the rebate then refinanced immediately through Penfed.
Posted on 6/19/17 at 8:29 am to LSU
I am financing through Ford Credit. 0% with high 700s score. I bought a new F150 that had been on the lot 12+ months at this point last year and got a good deal with the 0% financing. I've been pleased so far.
This post was edited on 6/19/17 at 8:30 am
Posted on 6/19/17 at 9:35 am to Croacka
quote:
Most people finance with Ford for the rebate and then refinance somewhere else with a better rate. Credit union, online bank, etc
This, if they weren't offering 0% on the vehicle you're buying.
If they are offering 0% make sure you keep all rebates when taking the 0%. They say that can't do it but everything is negotiable.
Posted on 6/19/17 at 10:56 am to Croacka
quote:
Most people finance with Ford for the rebate and then refinance somewhere else with a better rate. Credit union, online bank, etc
I did this. Got the Ford financing rebate on a Saturday, then refinanced the following Tuesday with a credit union.
Posted on 6/20/17 at 8:46 am to TheBoo
bought in February.
credit 795+
.9% rate
credit 795+
.9% rate
Posted on 6/20/17 at 10:41 am to TheBoo
I did the same. Ford credit took $1500 (iirc) off the price but had a 4.9% rate.
I refinanced at my credit union the next month.
I refinanced at my credit union the next month.
Posted on 6/20/17 at 1:22 pm to Displaced
Bought a Fusion about 2 years ago. Got a 1.9% rate on a 4 year loan with Ford credit. 800+ credit score. Even with the 1.9% it was worth taking the rate to get the cash bonus.
Looked into refi a few months after I bought. Couldn't find a better rate.
We bought an Escape a year before and got a .9% rate on a four year loan. Credit score was 800+ at that time as well. Deal at that time was to take the rate and get $2,500 cash vs. 0.0% financing. No real use in shopping that rate, we paid the car off a few months ago, so carried the note for less than 3 years.
Looked into refi a few months after I bought. Couldn't find a better rate.
We bought an Escape a year before and got a .9% rate on a four year loan. Credit score was 800+ at that time as well. Deal at that time was to take the rate and get $2,500 cash vs. 0.0% financing. No real use in shopping that rate, we paid the car off a few months ago, so carried the note for less than 3 years.
Posted on 6/21/17 at 10:48 am to CobraCommander83
Just bought a 2017 f-150 last month. My credit was an 838. I financed with Ford to get every single rebate which ended up at like 13k off. My interest rate is 5.19 for 72 months. However, i'm in sales and have paid off my last 3 vehicles within 18 months. I just finance longer in case there is a lean month and i need to make a low payment. I think it was 4.79 for 60 months or less. There was no 0% financing on the F-150's. If you choose to go another financing route, they take away a couple grand in incentives. I went to refinance with my credit union but the rate was only going to change by like 1.25%. Rates have gone up over the last several months. I bought my wife's 2016 Pilot last year and got .9% financing.
Posted on 6/21/17 at 12:18 pm to FishinTygah84
quote:
I went to refinance with my credit union but the rate was only going to change by like 1.25%
That adds up to quite a bit over 18 months. Why not do it?
Posted on 6/21/17 at 3:49 pm to Displaced
Laziness.... 
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