Ford offering 0% for 72 Months!
#3
Just run the numbers on Bankrate (or do it by hand... painful!) The more expensive the unit the better deal 0% is. HOWEVER, if you are putting large amounts of money down or have high value in trade or plan to pay the loan off early, you may well better off financing with the rebates. Not one size fits all, but it's a darn nice option.
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#8
0% financing is an attention grabber. My daughter bought a 2015 Fusion in February. She opted for the 0% in lieu of the rebate + percentage rate and in the end, she'll repay the same amount of money. I think Frantz mentioned that 0% is a better deal on a higher loan amount. The Fusion OTD was about $21K.
In other words, the rebate equaled the money saved in interest. Personally, I'd rather take the 0.9 or 1.9 and capture as much rebate money as possible.
In other words, the rebate equaled the money saved in interest. Personally, I'd rather take the 0.9 or 1.9 and capture as much rebate money as possible.
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The deal ain't done till you sign the contract. The buyers order ain't squat, it's just a piece of paper for the sales associate to hand the manager to illustrate your intention to buy.
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Like it was already stated..... every situation is different and in some cases the 0% would work out if the rebates were smaller. take the 1K off of a 50K truck gets you 49K at 0%, easy enough to figure those numbers. When you get into rebates, invoices, trades, equity, upside down ect, and this can throw some people off kilter....
my situation, there was no way that 0% was worth it with a trade and the price drop they gave me. Sticker was 49,500, dropped sticker to 40,500, traded my 14 with low miles that i owed 28K, they gave me 34K trade, put me at 36K final loan value, then i hit them with paying my TT&L, and they fought but bit, and I walked out with "Ford" financing at 4.9%, till after my first payment then I have already been approved for the local credit union finance of 2.3%.
my situation, there was no way that 0% was worth it with a trade and the price drop they gave me. Sticker was 49,500, dropped sticker to 40,500, traded my 14 with low miles that i owed 28K, they gave me 34K trade, put me at 36K final loan value, then i hit them with paying my TT&L, and they fought but bit, and I walked out with "Ford" financing at 4.9%, till after my first payment then I have already been approved for the local credit union finance of 2.3%.