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Ford Financing Question
Posted on 7/14/17 at 10:19 am
Posted on 7/14/17 at 10:19 am
I'm seeing the 0% interest for 72 months when you finance through Ford, but does that also apply if you buy slightly used and finance through them?
Wondering if a truck with 20-50k miles would fall under the same kind of deal...
Wondering if a truck with 20-50k miles would fall under the same kind of deal...
7
Posted on 7/14/17 at 10:24 am to SavDawg8
Doubtful. Also 20-50 thousand miles isn't slightly used.
This post was edited on 7/14/17 at 2:53 pm
Posted on 7/14/17 at 10:34 am to SavDawg8
Typically the deal is for new cars
Posted on 7/14/17 at 10:42 am to SavDawg8
Probably not, but I do know that certain certified vehicles qualify for new car financing. You should ask the dealer and if not certified, they will likely certify it for $800-1000. It will also give you some additional warranty coverage as well.
I bought a used 2017 Tacoma with 7k miles on it and got new car financing.
I bought a used 2017 Tacoma with 7k miles on it and got new car financing.
Posted on 7/14/17 at 10:51 am to SavDawg8
quote:
but does that also apply if you buy slightly used and finance through them?
No, but why buy a slightly used truck? The price is going to be close to new after factoring rebates and the like.
Posted on 7/14/17 at 2:32 pm to SavDawg8
Highly unlikely. Ford makes their profits off the dealer moving new vehicles, so they offer attractive financing deals to increase vehicle sales profits.
Ford doesn't make money when the dealer sells a used vehicle. So if Ford isn't profiting from the vehicle sale, there's no incentive for them to offer factory financing that they won't make money on either.
Ford doesn't make money when the dealer sells a used vehicle. So if Ford isn't profiting from the vehicle sale, there's no incentive for them to offer factory financing that they won't make money on either.
Posted on 7/14/17 at 2:48 pm to ehidal1
quote:I know there are variables like different options but what did you pay on this if I may ask.
I bought a used 2017 Tacoma with 7k miles on it and got new car financing.
Posted on 7/14/17 at 4:07 pm to SavDawg8
quote:
I'm seeing the 0% interest for 72 months when you finance through Ford, but does that also apply if you buy slightly used and finance through them?
That's a hard no.
Posted on 7/17/17 at 9:13 am to ehidal1
quote:
I bought a used 2017 Tacoma with 7k miles on it and got new car financing.
Often certified pre-owned gets special financing but things like 0% is on new vehicles. The captive finance (Ford Credit, etc) will get subsidized by the OEM's marketing department to buy down the interest rates.
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