Finance Options

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Apr 22, 2015 | 04:27 PM

David1986

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Finance Options

Just curious as to how most are financing their trucks? I just purchased a New 15 F350 and financed through Ford Motor Credit. A week later I moved my balance to a credit Union for half the interest rate. I normally pay my balance off within a couple of years.

Credit Unions are at 1.89% which I thought was Great! My last truck was financed at 1.6%, however is was only for a year.

Appreciate your feedback!

Apr 22, 2015 | 04:46 PM

69cj

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From: Middle Tn.

Did the same as you Ford finance to get $1,00 dollar discount and then moved it to our bank at 2%. Will do an 18 mont pay off

Apr 22, 2015 | 05:56 PM

jh225

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Quote:

Originally Posted by 69cj

Did the same as you Ford finance to get $1,00 dollar discount and then moved it to our bank at 2%. Will do an 18 mont pay off

Yup. Always take the Ford finance to get the extra $1K, then immediately switch to PenFed. Dealer tells you to wait 90 days before switching so they can get their kickback on the loan. Ask me if I care whether or not they get their kickback.

Apr 22, 2015 | 06:02 PM

69cj

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From: Middle Tn.

Quote:

Originally Posted by jh225

Dealer never asked me to wait any length of time.

Apr 22, 2015 | 06:12 PM

RigTrash601

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From: Hattiesburg, Ms.

I purchased last May and financed through Ford, 3 years @ 1.99% . I haven't moved it, I figure 2% was the best I could find at the time. My bank wanted 3.9% same term......go figure. (not sure what the going rate is now).

Apr 22, 2015 | 06:21 PM

Jigger2020

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From: North Bay Ont Canada

I agree, its all about the best deal for me........

Apr 22, 2015 | 06:27 PM

69cj

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From: Middle Tn.

Had to fix a typo.

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Apr 22, 2015 | 06:30 PM

Jigger2020

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From: North Bay Ont Canada

I guess a lot of people just stay with Ford so they're not worried about deserters

Apr 22, 2015 | 06:30 PM

#10

69cj

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From: Middle Tn.

Ford was 6.9% when I got mine and my credit rating is just about maxed out as high as you can get.

Apr 22, 2015 | 06:30 PM

#11

2ndStroke

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My dealer asked me to keep the loan with Ford credit for 3 months to get the 1k rebate as well.

Apr 22, 2015 | 06:46 PM

#12

22rimfire

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I got $1500 rebate for financing with Ford at 3.9%. My dealer told me I didn't have to wait to refinance, so as soon as I get the info from Ford I'll refinance at CU for 2%. This was just a few days ago.