Current Interest Ford Interest Rates?

[roadpilot]

I expect rates to come down, but it will be a very slow draw down.

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[ListedGuru]

Thanks for posting. I was hoping for a rebate like Dodge is doing. Either way I am likely to purchase soon. Considering market rates, something is better than nothing.

Well perhaps Ford doing some sort of rebate or bonus cash on the Mustang isn't out of the question during Q2? Maybe something around Memorial day but who knows. Heck if you listening Ford send me a private offer I can use on the Mustang

 

[ListedGuru]

I hear ya!

I know Ford Credit was allowing you to make no payments for up to 90 days with the program that just ended so I'm wondering if that 90 day deferral is still ongoing? Not seeing any mention of it online for this new program.

 

[roadpilot]

I know Ford Credit was allowing you to make no payments for up to 90 days with the program that just ended so I'm wondering if that 90 day deferral is still ongoing? Not seeing any mention of it online for this new program.

I would never recommend doing that, even if available. All that does is cost you more interest. Three months of interest carried for 3-4-5 years can compound into much more than the original amount!

 

[ListedGuru]

I would never recommend doing that, even if available. All that does is cost you more interest. Three months of interest carried for 3-4-5 years can compound into much more than the original amount!

Yeah I know that and I don't plan on doing that I was just curious if they pulled that offer.

 

[roadpilot]

In the UK ford credit is 9.9% on the Mustang, 0% on the Mach-E...

Yes, but isn't that based on Euros?

 

[24BlueStang]

For those of you getting the low rates listed, be thankful of your good credit. I was never taught about money or credit growing up and messed it all up. Trying to rebuild so my interest on my EB is 9.9% on the flex buy. Glad some people have better credit and aren’t in the same position I am in.

 

[Zig]

For those of you getting the low rates listed, be thankful of your good credit. I was never taught about money or credit growing up and messed it all up. Trying to rebuild so my interest on my EB is 9.9% on the flex buy. Glad some people have better credit and aren’t in the same position I am in.

Take heart - lesson learned and believe it or not sometimes bad credit is better than no credit.

 

[horned-toad]

Well perhaps Ford doing some sort of rebate or bonus cash on the Mustang isn't out of the question during Q2?

no chance in hell. They are already taking losses charging far below market rates. Sales are going reasonably well for now. If the sales falls off a cliff even with low, low rates then MAYBE they'll do bonus cash.

Dodge can't move their obsolete and VASTLY overpriced stock so is resorting to rebates. But their finance rates are "horrendous" 8.9 or so. The finance division is clearly not interested in booking losses.

Interest rates properly belong over 13%, not 5.

 

[horned-toad]

new interest rates are the same as the just-completed interest rates.

 

[24BlueStang]

Take heart - lesson learned and believe it or not sometimes bad credit is better than no credit.

You’re absolutely right about that but it’s a hard road to go down. Just glad I’m learning it before it’s too late. Have plenty of time left to get it back up above fair and make a better life and enjoy it some

 

[roadpilot]

For those of you getting the low rates listed, be thankful of your good credit. I was never taught about money or credit growing up and messed it all up. Trying to rebuild so my interest on my EB is 9.9% on the flex buy. Glad some people have better credit and aren’t in the same position I am in.

Many have found themselves, for a variety of reasons both self-inflicted and not, in your shoes. I remember two divorces and many moons ago, I couldn't finance the steam off a hot dog. But time heals these wounds, and you'll eventually be back on your feet. Just be sure you learned your lesson (if self-inflicted), keep your bills paid, and your nose clean!

Oh, and honestly, don't think you're doing TOO bad: Other than incentivized rates like this, the best rates at many/most credit unions for top tier credit is between 6 and 7 percent for new auto loans.

 

[24BlueStang]

Many have found themselves, for a variety of reasons both self-inflicted and not, in your shoes. I remember two divorces and many moons ago, I couldn't finance the steam off a hot dog. But time heals these wounds, and you'll eventually be back on your feet. Just be sure you learned your lesson (if self-inflicted), keep your bills paid, and your nose clean!

Oh, and honestly, don't think you're doing TOO bad: Other than incentivized rates like this, the best rates at many/most credit unions for top tier credit is between 6 and 7 percent for new auto loans.

Yeah I was paying 15.99% on the truck I traded in for the EB. Granted, it was a 2013 model I financed through my bank so that probably wasn’t the best idea in the world but at the time I had the extra income so that was the only reason I got it to start with. I had a paid off 1/2 ton to start with and wanted a diesel to do more things with but that fell through fairly quick after buying so I had to make a decision on what was best for me now and do the best I can until things come around. I’ll likely keep this car a couple of years and probably refinance it or if something positive changes and I can afford to buy another diesel I will. If not, I will continue to enjoy the car and work my way up until I can get another diesel.

 

[horned-toad]

Yeah I was paying 15.99% on the truck I traded in for the EB

don't feel bad. I know someone who was paying 23% on a high mile '16 GT.

 

[24BlueStang]

don't feel bad. I know someone who was paying 23% on a high mile '16 GT.

I’ve been there too. In 2019-2020 I bought a 2018 Altima and was paying 23% on it. Granted my payment was lower on it than on the diesel I had and lower than the EB I have now just because the price was lower than the EB and loan was longer than on the diesel. But sometimes you gotta get what you can and make the best of what situation you’re in. Sometimes you gotta take a hit and get rid of something that you really want or get something you don’t want just to get by until you can move forward to better things

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