$3K FINANCE QUESTION

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Sep 3, 2012 | 12:51 PM

ArtsBest

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Joined: Feb 2003

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$3K FINANCE QUESTION

How long does one have to keep this loan with Ford before they can pay it off? I'd w/o a doubt take another $3K in cash rebate to finance as long as I don't have to hold it through its entirety.

Sep 3, 2012 | 01:01 PM

MDSuperDuty

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Joined: Mar 2008

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As far as I know you can pay any loan off early as long as its not stated in the contract that there is a payoff penalty or something else. Usually just need to get the payoff amount when ready to pay.

Sep 3, 2012 | 02:58 PM

2000silverbullet

Lead Driver

Joined: Aug 2004

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From: Gilbert

I kept mine 2 or 3 months before paying it off, can't remember exactly.

Sep 3, 2012 | 05:36 PM

minke

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Joined: Oct 2010

Posts: 594

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From: fly-over country

My "deal" seemed to require a minimum of three months before payoff. I phoned Ford Credit and they were happy with two months. I suggest you call them and likely they will give you a "10 day payout" value.