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Pulling trigger soon, anybody use Ford's $1000 trade-in assistance?
Per Ford's website:
$1,000 Trade-In Assistance Bonus Cash (PGM #33806)
Trade-In Assistance Bonus Cash requires trade-in of 1995 or newer FLM or competitive vehicle
I tried to find more details about the program online, but was unsuccessful. When I inquired about it at the dealer, they didn't sound like they understood all the rules either. What I'm interested in learning is likely in the "fine print."
I currently don't have a trade-in, but what would stop me from buying a 1995-or-newer beater on Craigslist, to qualify for the $1000 trade-in bonus? Yes, you could call this "gaming the system" but I don't know why I'm being discriminated against for not having a trade-in either.
Does the bonus stack (as in, do I get Fair Market Value on the traded vehicle PLUS the $1000? Example: $500 beater + $1000 trade-in assistance bonus cash = $1500)?
Does Ford's fine print protect them from paying out the full $1000 if the beater is only worth $500? (i.e., is the bonus cash capped at whatever the Fair Market Value is, so a beater worth $500 would only earn $500 trade-in assistance, making it a wash not worth the trouble of finding, buying, and registering a beater)?
Can Ford reject the trade-in assistance if the trade-in doesn't meet its definition of "1995 or newer Ford-Lincoln-Mercury or competitive vehicle"? Does that mean they'll accept a Chevy but not a Hyundai? Does the competitive vehicle have to be a truck if I'm looking at purchasing an F-150?
Ford will pretty much accept anything as a trade in to qualify for this offer...within reason. Ultimately...the dealer you choose to deal with can call Program Headquarters to make sure you qualify.
You must have owned and had registered the trade for a minimum of 30 days prior to the transaction.
The $1000 Rebate doesn't change...doesn't matter what the trade value is.
The trade allowance is determined by the dealer...not by Ford.
Hope this helps!!!
__________________ Member of the Massachusetts Chapter and Number One Winter Hater!!!
RIP...Hannah...affectionately known as Cujo...7/7/00-8/9/14.
That was a Federal Program...Fords' rules for special programs generally involve 30 days.
Thanks. Someone posted this on another forum:
Originally Posted by ls973800
Trade In Assistance Bonus Cash
$1000 Cash Incentive. Trade In Assistance to customers that currently own or lease a 1995 or newer Ford/LM/Competitive vehicle who trade in or have a lease expiring. Customer must have owned their current vehicle for a minimum of 30 days prior to sale date of new VIN. Customers who have previously terminated their lease up to 30 days prior to the program start date OR have a lease termination up to 90 days after program end date are eligible.
Do you think Ford will continue offering this incentive beyond 1/3/12?
What kind of documentation does the dealership typically require to validate/verify 30+ days of ownership?
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