Any idea on the amount of have to finance through ford to get the rebate and how long you need to finance it fir before paying it off.
Can a guy pay immediately or do ya need to wit a few months?

 

Not sure on the amount financed, but there is not requirement for how long you have to finance. Get your first bill and pay it off.

 

That's what I did, took the rebate and the financing, when the first payment was due, wrote a check and paid it off in full. The dealer actually suggested it

 

Ya dealer is trying to tell me 3 months. Don't believe that's correct ..

 

Guessing that's probably how long the dealer needs to not have the financing commission charged back.

 

It was not correct in my case - take the financing rebate, then as soon as the first bill arrives from Ford credit, take that account number from the statement to your bank/CU and refi it. Or pay it off if you have cash. No need to wait 90 days to refi. That's bunk.

 

I financed $12.9K, the sales guy said I only needed to do $8K. It is at 6.75%.

As soon as I had a loan number, I paid off $12K. I had to email to make sure it went to principle only. My first payment is not until 10/15, six weeks after delivery.

The dealer said keep it for 4 payments, so it will naturally pay down now. I could have paid it off sooner, but I agreed to the financing to get $750, so I can pay the $40 in interest to keep everyone happy.

You are not obligated, but it just seems fair.

 

I was gonna pay cash but the sales guy suggested financing $8k through Ford to get the rebate. Then just pay it off the first month. That's what I am doing - just waiting for the loan info to make its way to me.

 

Wow great site!

 

I paid my loan in full on the 21st day after picking up the truck, which was as long as it took me to wait for FMCC to send me a statement welcoming me and be able to set up an online account, make a first electronic payment to be sure it processed OK, then transfer the remaining payoff. No issues.

 

Absolutely a BS statement about making 3 payments first. My dealer I just purchased with tried telling me the same thing, but I have been through this game a few times, so I refinanced after getting my account number from Ford Credit in the mail. They get a kickback if you make 3 payments. If the interest rate isn't ridiculous (which it usually is), and you didn't finance much, then you can opt to help your dealer out if they went out of their way to help you. Personally, with 53k financed, and a 6% interest rate (and my credit score is over 800, so this is horrible interest rate for me), my daily per diem (interest charge) was nearly $9. If I waited 90 days to refinance, it would have cost me over $800 in interest, and the Ford credit rebate at the time was only $750. I would have lost money....

 

I did this as well, I was told I had to finance $10,000 but I'm going to pay it off as soon as my first statement comes.

 

they say 3 months because they lose the financing kickback they get when getting someone on Ford credit.

But no requirement on your part.