Fords incentive rules

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Mar 19, 2019 | 06:39 AM

Rmack941

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Joined: May 2016

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From: Western NC

Fords incentive rules

When looking for what incentives I might be eligible for I keep see things like “Rules of 10 applies” and “Rule of 5 applies, standard rules of eligibility “

I’ve looked on line and can’t find anything, can anyone translate the Ford jumbo jumbo?

Mar 19, 2019 | 07:29 AM

Joe T

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From: Chaz

I’m betting the standard rules change if you start walking out the door on a salesman.

Mar 19, 2019 | 08:38 AM

crewzer

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Joined: Apr 2000

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From: Mills River

Quote:

Originally Posted by Rmack941

I believe that the “Rule of ‘10’ “ is a loan financing metric. It basically states that to qualify for particular loan terms (i.e., specific financing terms through dealer and/or FoMoCo), your monthly loan payment can’t exceed 10% of your gross monthly income.

HTH,
Jim / crewzer

Mar 19, 2019 | 08:45 AM

Rmack941

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Junior User

Joined: May 2016

Posts: 99

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From: Western NC

Quote:

Originally Posted by SDcrewzer

I believe that the “Rule of ‘10’ “ is a loan financing metric. It basically states that to qualify for particular loan terms (I.e., through dealer and/or FOMoCo), your monthly payment can’t exceed 10% of your gross monthly income.

HTH,
Jim / crewzer

i think that might be right but the other 9 are a mystery...

Mar 20, 2019 | 09:48 PM

SixtyPilot

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Joined: Oct 2018

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I would love to hear an explanation of this. Im not even sure the dealer understands how it works. I saw one dealer check every rebate he thought I might qualify for, click submit, and it returned different options of what I could qualify for. I wish the process was that transparent always.