Ordering / Financing
Posting Guru
Joined: May 2003
Posts: 1,666
Likes: 4
From: Sunny tourist infested FL
Larrymac52, many folks take advantage of purchase incentive that requires hooking up with FOMOCO at a prohibitively high rate. After they take delivery, they immediately initiate the refinance process, at a much more reasonable rate. Most Credit Unions treat these as new car loans, as long as it is within a certain timeframe (some up to 1 year!) Look at different institutions available to you, and go back to your own place and tell them , new vehicle loan refinance, is not a used car loan. IF they cannot do it, take your business elsewhere. good luck
I've done the same thing with my last 3 Fords. I take the Ford financing, the go to the credit union. Each time they've told me to want until I get notice of the first payment then come in. I'm up front about it at the dealership. After the second time I did it, they know it's gonna happen.
Freshman User
Joined: Nov 2017
Posts: 47
Likes: 0
From: Central Fl
Insight says 1 year or under 10,000 miles same as new
Open account and get loan approved same day.
Wife did that with her new car but ford dealer beat the rate for me
3 weeks ago 2.25 for 60 mnts with great credit
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IndyDog
1999 - 2016 Super Duty
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Sep 11, 2007 10:28 AM
