Whata Think?
Elder User
Joined: Mar 2005
Posts: 735
Likes: 1
From: SW Iowa
Probably an across the board price hike except on the left over '05's. But, more involvement from Ford Credit to offer discounts if buyers use their financing packages...Can anyone think 6 yr or maybe even 8 yr pay outs? Basically they will buy your vehical and set you up with a payment schedule you can handle. I've been told even though they are charging a 1.5 to 2% more than qualified borrowers can get from banks, 70% of the folks signing up for that $1000 financing discount stay with Ford Credit, which makes them tickeled green! And the vehical gets sold making the dealership money, and production continues on at a good rate.
The problem as I see it, is the long term exposure Ford is getting into by financing significant product numbers themselves. As these vehicals get 2 or 3 years older, and something happens that stops the payments, the cars will not be worth what is against them, and FC will be holding the bag for the difference in the event of a defalt.
The problem as I see it, is the long term exposure Ford is getting into by financing significant product numbers themselves. As these vehicals get 2 or 3 years older, and something happens that stops the payments, the cars will not be worth what is against them, and FC will be holding the bag for the difference in the event of a defalt.
all 3 huh....
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