I have taken delivery of my brand new F350 Lariat today and when I was signing papers despite of my 784 credit score which is tier 1 and my rate for 5 years is 9.29%!! Did the dealer mark it up?? I went through them because I didn't want numerous inquiries on my credit and I got another $500 off. I am going to pay it off quick, but it's just the principal behind it. I am eligible for the Z plan and I was think they're trying to make more money off of me since it's a mini deal for the salesman anyway and they're not making that much money on that truck since I got it below invoice. I bought my 2017 F150 almost 2 yrs ago from another dealer and my tier 1 credit score was 5.9%. Theres no way that rate has raised almost 4% in less than 2 yrs for tier 1 buyers. What do you guys think?? If that's what they really charge, they're treating me like I'm a deadbeat.

 

 

Ouch. I closed in December at 6.99% with a 702

 

My dealer tried to do the same thing. I have a very similar credit sore and they came with 7.9%. I told them I was approved for 3.9% at my bank and he got me 3.54% with Chase. It seems to work this way every time I have bought a new vehicle. I did lose the $500 cash back by not using Ford credit.

 

You absolutely got taken for a ride. Check your local credit unions....should be able to get around 3% from them.

 

Not 3%, but 4.5-5% is more common at the moment for 750+ for 5-7 years.

 

 

My Credit union is currently at 2.85%

https://www.myeecu.org/home/products.../vehicle-loans

 

Ouch. I thought I was getting hosed at just over 4%.

 

Wow I guess I'm not the only one with the same rate. Its ridiculous. I was thinking that the dealer told Ford credit to raise it so they can get more kickback. You never know what they do. They told me that it's their best rate for my score. I think its BS. If it was 7.9%, I wouldn't have complained at all. It's still high but it's better than being almost 10%. It was a sticker shock when I seen that.

 

 

 

I'm 3.73 for 60 or 3.99 for 72. Another credit union that is employee only is at 3.64 for 66 months. Just refinance and you will be good to go.

 

 

I got 1.99% through my credit union, 827 credit score. Just refinance it through a CU, there's zero reason to pay that extra money each month.